As challenging as it is to stay on top of key financial tasks in a modest-sized business, the difficulties compound when you’re dealing with multiple departments, staff, systems, locations, and stakeholders, to name just a few.
Once purely the domain of spreadsheets, budgets, forecasting, cash flow management, modeling scenarios, and a bevy of other complicated tasks, it no longer has to be time-consuming and difficult. Dryrun not only makes these tasks second nature, it also brings seamless collaboration, consolidation, and roll-up when it’s paired with D365.
All essential to running a successful organization, these tasks drain a business of hundreds, if not thousands, of hours every year.
Why has there simply not been a better way to deal with these critical forward-looking financials Well, it’s not just a purely technical problem; it’s a people problem.
People at the project level, all the way up to the office of the CFO are involved in building, maintaining and tracking financials. While the humble spreadsheet is nearly ubiquitous, it's also the culprit that grinds organizations to a standstill.
The Problem with the Status Quo
Spreadsheets are incredibly time-consuming and, for some, difficult to build and maintain. The vast majority contain errors. They frequently break. They’re not secure, nor are they easily trackable. And they’re nearly impossible to read by anyone but the creator.
To date, there have been very few workable alternatives. Software has generally fallen down in a couple of ways. It’s either been a technical workhorse that can sync data among multiple systems and generate reports but requires a team of PHDs to operate, or it’s been a simplified tool that’s easy to use but so limited in sophistication and control that you’re forced back into a spreadsheet.
This is where Dryrun comes in.
It strikes the delicate balance between data handling, control, and automation needed to deal with complicated businesses, tied with an ease of use and clarity that gets buy-in, understanding, and speedy input from everyone in the chain.
With the integration of Microsoft Dynamics 365 Business Central and Dryrun, businesses can now access a robust toolset that simplifies these critical financial tasks. This combination leverages the strengths of both platforms, marrying the financial management power of Microsoft Dynamics with the forecasting and modeling expertise of Dryrun.
Using Dryrun with D365
This integration offers businesses a comprehensive solution for managing their finances, from forecasting cash flow to consolidating accounts across multiple departments and locations. Implementation is straightforward, and training is a breeze. Let’s dive in and see how Dryrun can help.
Forecasting Cash Flow
Cash flow is the lifeblood of any business, dictating its ability to maintain operations, invest in growth, and navigate financial uncertainties. Dryrun's integration with D365 enables businesses to forecast cash flow with ease, leveraging real-time data from their ERP system. This dynamic approach ensures that forecasts are always current, reflecting the latest data.
By anticipating future cash flow, businesses can make informed decisions, manage liquidity effectively, and avoid potential cash crunches.
Modeling Scenarios
Uncertainty is a constant in business, making scenario modeling an essential tool for financial planning. Dryrun excels in this area, offering fast and intuitive scenario modeling capabilities.
Companies can simulate various financial outcomes based on different assumptions, such as changes in market conditions, customer payment behaviors, or expense fluctuations. This flexibility allows businesses to prepare for a variety of potential outcomes.
Managing Accounts Receivable and Payable
Effective management of accounts receivable and payable is crucial for maintaining healthy cash flow. Dryrun provides a detailed view of incoming and outgoing funds on a clear timeline and delivers the ability to shuffle transactions around to reflect the reality of late payments.
Businesses can track invoices, payments, and due dates, helping them to prioritize collections, manage payment terms, and maintain good relationships with suppliers and customers alike.
Building and Tracking Budgets
Budgeting is a strategic exercise that often requires coordination across various departments and locations. Dryrun enables businesses to build and track budgets with ease, offering a centralized platform where all budget-related data is accessible and manageable.
Dryrun’s ease of use for budget building means that budgets are delivered much faster, with a fraction of the errors, and takes away much of the confusion throughout the chain.
Comparing Budget to Actuals
One of the key benefits of using Dryrun with D365 is the ability to compare budgeted figures with actual results. This comparison provides invaluable insights into the financial health and performance of the business, highlighting variances that may require action.
By understanding where and why deviations occur, businesses can refine their strategies, optimize spending, and enhance overall financial management.
Consolidation and Roll-up
For businesses operating across multiple departments or locations, financial consolidation can be a complex and time-consuming process. And roll-up is even more complicated. Dryrun simplifies this by offering consolidation and roll-up features, seamlessly integrating data from your accounting file with manually built and adjusted forecasts.
This capability not only saves time but also ensures accuracy and consistency in financial reporting, providing a holistic view of the organization's financial position.
The Benefits of Dryrun
Automated, Intelligent Setup
Dryrun's automated, intelligent setup minimizes the time and effort required to configure the system, ensuring a smooth and efficient integration with Microsoft Dynamics 365 Business Central. This intelligent setup streamlines the process, allowing businesses to quickly start leveraging Dryrun's capabilities.
Dynamic Forecast is Always Up-to-Date
The integration ensures that the financial forecast in Dryrun is always up-to-date, reflecting real-time data from the ERP system. This dynamic approach eliminates the need for manual updates, ensuring that businesses have access to the most current financial information.
Complete Manual Control and Customization
Despite its automated features, Dryrun offers complete manual control and customization, allowing businesses to tailor the software to their specific needs. This flexibility ensures that the tool can adapt to unique business requirements, enhancing its utility and effectiveness.
Sophisticated Scenario Modeling
Dryrun's unlimited scenario modeling capabilities enable businesses to explore a wide range of financial outcomes, preparing them for various contingencies. This feature is particularly valuable in today's uncertain business environment, where flexibility and foresight are key to success.
Straight-forward Collaboration Features
Collaboration is essential for effective financial management, especially in larger organizations. Dryrun offers sophisticated collaboration features, enabling team members to work together seamlessly, share insights, and make collective decisions based on comprehensive financial data.
Consolidation and Roll-up
The consolidation and roll-up features simplify the financial management of multi-departmental or multi-location operations, providing a consolidated view of the organization's financial status. This comprehensive perspective is critical for strategic planning and decision-making.
Clear, Beautiful Visuals
Finally, Dryrun presents financial data in clear, beautiful visuals, making it easier for stakeholders to understand complex financial information. These visuals aid in communication, reporting, and decision-making, enhancing the overall effectiveness of financial management.
Connecting D365 to Dryrun
Dryrun offers a hassle-free trial, and the setup is fast and simple.
Once you connect your D365 file to our onboarding wizard, Dryrun will walk you through the basic setup in case you want to adjust things before your import. Or you can simply accept Dryrun’s suggestions to get started in seconds. You can always go back and adjust things at any time.
Book a time with our onboarding specialists or talk to us through chat, and let us know if you have any questions. We would love the opportunity to walk you through a short orientation and answer your questions so that you can find success in Dryrun in short order.
