Enhancing Financial Modelling in Dynamics 365 with Custom Controls

inancial Modelling
June 13, 2024

Financial modelling is integral to business decisions because it helps organisations predict their economic success and plan strategies. Microsoft Dynamics 365, supported by Microsoft Power Platform Training, is a leader in cloud based business solutions and has powerful financial management tools. However, the platform does have some standard features, which might not always meet the requirements of every organisation. This is where custom controls come in. They make Dynamics 365 more valuable by allowing you to tailor it to fit your specific financial modelling needs. 

But how exactly can Dynamics 365 Custom Controls enhance your financial modelling capabilities? This blog discusses how custom controls can significantly improve financial modelling in Dynamics 365, making it a more powerful tool for your business strategy.

Table Of Contents

  • The Role of Custom Controls
  • Implementing Custom Controls
  • Conclusion

The Role of Custom Controls

When using Dynamics 365, custom controls can be added to the system to improve the user experience. These tools can significantly affect how financial data is handled and shown and can be used to tailor the user experience. Custom controls can make financial modelling better in these ways:

Improved Data Visualisation

One of the best features of custom tools is that they give you more ways to see or visualise your data. Standard finance reports in Dynamics 365 are robust, but adding custom controls can improve how the data is shown. For example, real-time dashboards and advanced charting controls can help financial analysts see trends and outliers immediately, which lets them make choices more quickly and with more information.

User Interface Customisation

Custom controls can improve the user experience by better fitting the way financial analysts work. Organisations can streamline operations and reduce the time needed for data entry and retrieval by making platforms that work better with their business processes. For instance, a custom slider control could change financial projections and see the new results appear immediately in connected financial reports.

Enhanced Data Interaction

Users can change data directly in reports and forms with interactive controls, so they don’t have to use extra tools or send data. This interactive feature can help users gain more profound insights as they explore different situations and change parameters in real time. For instance, custom dropdowns or toggle controls can easily alter financial models to reflect different business or market conditions.

Integration with External Data

Custom controls can be made to connect external data sources to Dynamics 365, giving a complete picture of a company’s financial health. This is especially helpful for businesses that work in areas where outside economic factors significantly affect their financial health. Companies can get a complete picture of their finances by using APIs to bring in data from outside sources and show it in the Dynamics interface.

Automation of Complex Calculations

Complicated financial models require intricate calculations that the built-in Dynamics 365 tools might be unable to do immediately. Custom controls can make these numbers automatic, which ensures they are done correctly and quickly. For instance, customs controls could automatically figure out how changes in currency affect foreign transactions. This would change financial statements to give a more accurate picture of how things work worldwide.

Implementing Custom Controls

To set up custom controls, you need to know what Dynamics 365 can do technically and what your organisation needs regarding financial modelling. Here is a short outline of how to go about implementing this:

Identify Requirements

Determine what financial modelling features the default Dynamics 365 setup doesn’t have.

Design the Control

Outline how the unique control will work. This step often requires collaboration between financial managers and IT experts.

Develop and Test

Build the tools on the Dynamics 365 Power Apps platform, then test them thoroughly to ensure they work as expected.

Deploy and Train

Set up the controls in the organisation’s Dynamics environment and teach people how to use the new tools so they can use them effectively.

Evaluate and Iterate

Check how well the custom settings work regularly and make changes as needed.


Custom controls in Dynamics 365 give businesses the tools to make the platform fit their needs by providing powerful ways to improve financial modelling. Custom controls can make financial management more dynamic and insightful by making it easier to see and interact with data and incorporating complex math. If you plan to use Dynamics 365 to store data and as a strategy tool for making financial decisions in your business, consider joining various courses The Knowledge Academy.

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