Table of Contents
AI Builder—An overview
AI Builder is a handy tool that makes using artificial intelligence accessible for everyone in a company. It’s part of Microsoft’s Power Platform that simplifies the process of extracting valuable data-driven insights and automating routine tasks without complex coding. When AI combines with D365 F&O, the duo facilitates decision-making.AI Builder and D365 F&O Integration
Integrating AI Builder with Microsoft Dynamics 365 for Finance and Operations (D365 F&O) sets the stage for many business opportunities. Here is a brief overview of the integration process.Data synchronization
Data synchronization ensures data consistency across multiple platforms and enables real-time data analysis and information extraction. This eliminates data silos and inconsistencies and leads to enhanced decision-making and streamlined operations.Custom model building
With AI Builder, you can create dedicated AI models tailored to specific needs. It can be used to understand customer sentiments, extract relevant data, or identify particular objects.Automation
Once your AI models are established, they automate tasks and use the data collected by D365 F&O to streamline your operations.Real-time decision support
Combining AI Builder and D365 F&O provides your team with analytics, predictions, and guidance. The ultimate aim is to empower your team to make well-informed decisions that contribute to your business growth.Real-life scenarios
Inventory Forecasting
Today, let’s zoom in on a challenge that medium to large-scale enterprises often struggle with—inventory management. Too much stock can lead to wasted resources and inflated costs, while too little can result in missed sales opportunities and frustrated customers. Maintaining optimal inventory levels can be daunting for medium to large-scale enterprises, often requiring extensive manual effort and data analysis. But here’s the good news: According to sources such as Microsoft and Builder.ai, AI Builder streamlines inventory management using object detection models. This feature allows retailers to predict future demand accurately with historical sales data, market trends, seasonality, and lead times. They can focus on on-site customer relationship building instead of getting bogged down by inventory issues.Vendor invoice processing
Another common business challenge is processing a large volume of vendor invoices, which requires manual data entry and validation. This is not only time-consuming but also prone to errors. AI Builder automates invoice data extraction, eliminates manual data entry, and minimizes the risk of human errors.Implementation process and advantages
- Establishing a data extraction model: AI Builder creates a model tailored for extracting critical invoice data such as invoice numbers, dates, amounts, and vendor details. This eliminates the time-consuming manual entry of data.
- Integration with D365 F&O: A flawless incorporation of the AI model into your D365 F&O system ensures smoother operations. This integration enhances the reliability of financial records and substantially reduces the risk of human errors.
- Handling invoice arrival: When vendor invoices arrive, the integrated system efficiently processes them through the AI model. This quick data extraction leads to prompt invoice processing, supporting compliance with regulatory requirements.
- Conducting data validation: The system checks the accuracy of the extracted data, flagging any discrepancies for your finance team’s review. This meticulous validation ensures accurate and reliable transactions, maintaining positive vendor relationships.
