With agility and accuracy in mind, our team has developed a purpose-built extension to Microsoft Dynamics 365 Finance. The Accounting Rules Engine (a-RE) transforms business transactions/events or financial transactions into accounting transactions, enhancing, and accelerating the accounting cycle.
a-RE is part of a-solutions’ integration framework a-Finteg. It depends on a-Finteg for the source data in an a-Finteg Data Model. The outcome of a-RE are accounting transactions which are aggregated and posted in the General Ledger in D365 F&O. The aggregated transactions are subjected to GL verification rules (accounting structure, financial dimension values, dates, etc.). If all transactions pass this validation phase, the aggregated accounting transactions are posted in a journal in the GL. Before posting the General Ledger journal, based on the configuration, there is an out of the box functionality to submit the journal to a workflow approval process.
The link is facilitating the data reconciliation and integration control capabilities along with the intelligent integration log of a-Finteg.
Transform business events
The out-of-the box functionality of a-RE is to transform business transactions/events or financial transactions into accounting transactions.
Aggregate transactions and lower the number of postings in GL
The goal of aggregation of accounting transactions is to lower the number of postings in the General Ledger and on the other hand, to provide a link for drill down capabilities and tracking between the posted transactions in the General Ledger, the accounting transactions which are the outcome of the a-RE, and the product and financial transactions that are the source data.
Enrich transactions with additional financial dimensions
As part of the process, accounting transactions can be enriched with additional financial dimensions. Users can choose and adjust the financial dimensions according to their needs.
Big data storage with disaster recovery capabilities
The a-RE data with the help of a-Finteg is stored on Azure Data Lake Gen2 for reconciliation, reporting and drill down purposes.
Advanced reporting and data-driven insights using Power BI
a-RE is connected to Power BI. The Power BI platform provides data driven insights with advanced visuals and up-to-the minute analytics.