Tag Archives: Cashflow Optimization

Microsoft Dynamics NAV 2017 – liquidity planning

Only companies that keep constant track of their funds can plan ahead and guarantee their capacity to pay. Here, constant monitoring of solvency development is particularly important. Microsoft Dynamics NAV offers the required tools.

Careful cash flow planning, also integrated into Microsoft Dynamics NAV, is necessary to correctly control and analyze cash flows in a company. This software draws all relevant information from various business areas (e.g. purchase and sales) and uses it as a basis for forecasts on all incomes and cost for a set period. One large advantage of cash flow planning is the inclusion of target figures such as posted orders. As the information used is real-time, it can be traded quickly as needed. This does not properly work in isolated financial accounting, as here only logged values are available.

Dynamics NAV 2017 Cash Flow
Cash Flow Planning in Microsoft Dynamics NAV 2017

With the 2017 version of Microsoft Dynamics NAV, two new areas have been added to the cash flow functions – areas that also play an important role in planning:

  • The projects or project incomes
  • The VAT settlement (more detailed, the determination of VAT payable amounts)

It is now also possible to manually enter neutral incomes and cost. In this way, amounts outside of Dynamics NAV can be considered as well.

Dynamics NAV 2017 Cash Flow
Includable origin types in Cash Flow Planning

At first use of the cash flow tool, from version 2017 upwards, users are additionally assisted by a configuration assistant. This guides them through the necessary parameters, allowing users to define these by themselves.

Take control of your financial operations using Qlik Sense Enterprise

Qlik FinancialsQlik’s diverse business intelligence solutions enable you to easily and efficiently evaluate and visualize enterprise data from all sectors. Users in finance departments can also benefit from the comprehensive functions of Qlik Sense Enterprise.

For example, Qlik Sense Enterprise can help business managers and their finance departments obtain a better overview of their operational and financial processes through its dynamic prognoses and analyses optimization apps. The applications extract and link basic data from different sources. The update frequency is hereby freely configurable regardless of whether you are using an ERP system, Excel files, or access to Web APIs. With Qlik, you are no longer limited to partial analyses that are hinged to query-based solutions. Qlik’s associative model enables you to create visualizations of all your data and hence identify previously unidentified interrelationships.

Diverse application possibilities in the finance sector

Important application areas in the finance sector include data quality improvement for accurate calculation of key parameters, fast plausibility checks for ERP booking routines, and the creation of interactive company reports. Data evaluation and visualization of interrelationships using Qlik Sense Enterprise therefore contribute towards better financial planning, cash flow optimization and ultimately better results. Unlike other resource-intensive, inconsistent budgeting solutions, Qlik Sense Enterprise also enables users without advanced technical skills to compile reliable financial analyses and reports thanks to its ease of use and self-service functions. Below are some of the options and advantages provided by Qlik Sense Enterprise:

  • “What if” analysis
    Allows managers to test different prognosis scenarios and budgets as well as to evaluate the impact of possible results.
  • Comparative analysis
    Allows users to compare different budget allocations, resources and cost estimates.
  • Fast integration of multiple data sources
    Creates a comprehensive overview of planning and budgeting data from various data sources.
  • Collaboration and annotations
    Enables optimized group decisions through interactive sessions and comments on modification of functional delays.
  • Comprehensive partner network
    Best possible budgeting and planning applications of different partners – tailored to specific business requirements.

Its numerous functions and the ability to connect multiple data sources make Qlik Sense Enterprise the ideal basis for controlling different financial processes. Qlik Sense Enterprise provides efficient support for tasks such as financial forecasting and analysis, cost and risk management, validation of sales and profitability indicators, investment analysis, cash flow and balance sheet management, etc.

The following video shows 10 use cases of Qlik Sense Enterprise in the finance sector:

Qlik Finance Toolkit