Yes in addition to Microsoft Dynamics capability of adding in your company logo, PrecisionForms can add in images wherever you need them on a report, examples of where this is commonly used are adding images of products to avoid errors in picking items for shipment of manufacture and, illustrating products/parts in listings.
Supported image formats include BMP, .DIB, .EMF, .GIF, .ICO, .JPEG, .JPG, .PCD, .PCX, .PNG, .TIF, .TIFF and .WMF.