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What is “FinOps” - It’s probably not what you think.

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  What is “FinOps” according to Microsoft:  I’ll give you a hint and it’s not “Finance and Operations” FinOps combines financial management principles with cloud engineering and operations to provide organizations with a better understanding of their cloud spending. It also helps you make informed decisions on how to allocate and manage your cloud costs. Understand what you are saying when you reference “FinOps” across Microsoft and other cloud based ecosystems.  FinOps is an operational framework and cultural practice that enhances the business value derived from cloud technology. It promotes data-driven decision-making in a timely manner and fosters financial responsibility. It gets achieved through collaboration among engineering, finance, and business teams. FinOps is a discipline that combines financial management principles with cloud engineering and operations to provide organizations with a better understanding of their cloud spending. It also helps them make info...
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Understanding the Data Architecture portion of new releases in FinOps: New tables introduced in FinOps 10.41- 10.42.

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Understanding the Data Architecture portion of new releases in FinOps: Tables introduced in D365 Finance and Supply Chain Management 10.0.42 (Comparison of releases .41 and .42) When Microsoft releases a new version, there is always a lot to consider before promoting to production. Beyond the surface-level features, we need to dive into the technical details: new tables, changes to existing fields, label updates, you name it. Your integration partner should be on top of these, but it's crucial for our internal SMEs to also do their homework. There are more independent FinOps customers that manage testing and promoting updates without partner assistance.  To help with that, I've put together a list of the new tables added in 10.0.42. Please take a look and discuss these with your integrators and analytics teams. Let's make sure everything works smoothly in our sandbox environments before pushing anything to production. Understanding the underlying changes in each release is ...
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Inventory Consignment with Dynamics 365 Finance and Operations : What you didn’t know you needed to know

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Inventory Consignment in D365 FinOps: What you didn’t know you needed to know.  Today, I would like to cover the step by step process to explain the Inventory Consignment feature in D365 Finance and Operations.  Inventory Consignment Management is the new feature introduced in D365 FinOps. This feature was not available in AX2012 and previous versions. What is Consignment inventory? Consignment inventory is inventory that’s owned by a vendor but stored at your site. When you’re ready to consume or use the inventory, you take over the ownership of the inventory Consignor:  In consignment management, the supplier who sends/ships goods are called consignor. Consignee:  In consignment, the receiver of the goods is called consignee.  Who own the Inventory when using Inventory Consignment? Firstly the ownership of the inventory lies with the vendor. Once, the inventory has been consumed we need to transfer the ownership from Vendor to the Legal entity.  Configura...
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