Microsoft Dynamics AX 2012 R3 Financial Management

Understanding the ERP module's integration

The core objective of running a business is to make a profit, which requires making revenue that cover the costs and adding the margin to secure the profit. This is the core role of management to achieve this profit; the ERP application gives the management the necessary business insights to monitor the business performance.

Microsoft Dynamics AX manages and controls day-to-day transactions that occur in the company; these transactions are transformed into financial information that represents the key component of the financial statements (balance sheet and income statement), which are expenditure and income; in other words, cash out and cash in. All these are shown in the following diagram:

The cash-to-cash ...