Have you ever wondered how much impact AI has on the finance world? Imagine a tool that keeps up with the fast-paced financial market and gives you insights that could lead to your next big break. That's precisely what Copilot for Finance is designed to do.

A Forbes Advisor study states that 70% of FinServ organizations use AI and ML strategies forfraud detection, cash flow prediction, and credit scores.

So, what does this mean? It means staying ahead of the game. Copilot for Dynamics 365 Finance is not just keeping pace but setting the pace in the financial world. McKinsey Global Institute estimates $200 billion to $340 billion annual potential value added to the banking sector alone. It's clear that AI is more than just a trend—it's the future.

How does Copilot do all of this? It's simple: By providing clarity, efficiency, and insights that were once out of reach.

The Evolution of AI in Finance

The term "artificial intelligence" was first coined in the 1950s. But it wasn't until the 1980s that AI started to make its mark in finance, helping to detect fraud and giving rise to expert systems that could predict market trends.

Fast forward to today, and AI's role in finance is more than just a supporting act—it's a leading player. And it's not hard to see why. More than one-third of financial services companies have reported a revenue increase of over 20% thanks to AI's helping hand.

But what's the real secret behind AI's success in finance? It's the ability to automate the mundane, analyze the complex, and predict the unpredictable. From algorithmic trading to personalized banking services, AI has transformed every corner of the industry.

Understanding Copilot for Finance

Have you ever faced the task of sifting through financial data, trying to make sense of it all? Well, it's not a challenge anymore! At its core, Copilot is an advanced software solution that can streamline and optimize financial processes. AI and automation simplify tasks that consume hours, such as invoice processing, payment reconciliation, and cash flow management.

Copilot seamlessly integrates with Dynamics 365 Finance ERP, offering a suite of features that automate and streamline various business processes:

Purchase Order Management: Copilot helps you handle large volumes of purchase order changes, assess their impact, and make smart sourcing decisions.

Collections Management: With quick access to credit and payment history, collections managers can prioritize and personalize customer communication, improving collection rates and maintaining good customer standing.

Data Reconciliation: Say goodbye to manual data matching. Copilot reviews transactions across systems, spotting anomalies, risks, and unmatched data, saving you time and reducing errors.

Financial Reporting: Need insights fast? Copilot turns complex data sets into accurate reports and presentation-ready visuals for Outlook, Microsoft Teams, and other tools.

Templates: Copilot offers templates that adapt to your business needs, providing scalable insights that grow with your company.

Variance Analysis: With Copilot, you can save time on creating accurate reports and insights sourced from various data records, all with the help of simple prompts.

These features are just the tip of the iceberg. Copilot works with the tools you already love, like Excel and Outlook, and is designed with trust and privacy at its core. It's not just about doing things faster but about doing them smarter.

Is Copilot for Finance's Impact Quantifiable?

Absolutely! Businesses across the globe are reaping the benefits of integrating Copilot into their financial system. A leading retail company implemented Copilot for Finance and saw a 30% reduction in time spent on financial reporting, allowing their team to focus more on strategic initiatives.

Not just in retail, after adopting Copilot, a multinational corporation reported a 25% increase in efficiency in their accounts receivables process, directly impacting their bottom line. Another enterprise highlighted a 20% higher cash flow forecasting accuracy due to Copilot's predictive capabilities.

A financial services firm utilized Copilot to automate over 70% of its risk assessment tasks, significantly reducing manual workload and enhancing its risk mitigation strategies.

What is Novulis' Play?

Novulis has offerings and solutions that revolve around implementing Copilot for financial operations. Not just that, our legacy in executing projects, especially those involving complex digital transformations like integrating AI into business workflows, can be incredibly beneficial. Here's how such a partnership can positively impact business workflows:

Expertise and Experience: Novulis brings a wealth of knowledge and experience, ensuring the integration of tools like Copilot into Dynamics 365 Finance is smooth and effective. The team understands the nuances of the technology and can foresee potential challenges, steering the project clear of common pitfalls.

Strategic Global Partnerships: Novulis' strategic global partnerships, such as the one with EY, amplify our ability to deliver technology-driven business transformations. These collaborations bring together multi-industry knowledge and delivery expertise, setting the stage for a synergical implementation.

Efficiency and Cost Savings: With great expertise comes great savings. Novulis can streamline the implementation process, reducing the time and resources required. By identifying and eliminating redundant processes, you can expect substantial cost savings and a more streamlined operation.

Strategic Insight: With a strong track record and knowledge of the Microsoft ecosystem, Novulis provides strategic insights beyond the technical aspects of the project.

Risk Mitigation: Novulis understands that implementing new technologies comes with risks - we can help mitigate these risks through careful planning, robust testing, and a deep understanding of the technology's implications on existing systems.

Continuous Support and Evolution: Post-implementation, Novulis offers ongoing support with our ESM offering to ensure that your business continues to derive maximum value from the investment.

Ready to Experience the Future of Finance?

As we stand on the brink of this new era, the question is no longer about the infinite possibilities but your readiness to embrace them.

Novulis stands ready to guide you through this transformation, ensuring your business adapts and thrives. Our experts stand by you in this digital innovation, equipped with the knowledge and experience to seamlessly integrate Copilot into your Dynamics 365 Finance system.

So, don't let the future pass you by. Connect with us today!

Embrace the future. Embrace innovation