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The 2024 release wave 1 plan covers all new functionalities planned to be delivered to market from April 2024 to September 2024. In this article, you’ll find the product overview and what’s new and planned for Dynamics 365 Business Central.
Want to know more about D365 Business Central and how it can move your organization into the future.
Contact: sales@erpglobalsolutions.net
What’s New and Improved in Microsoft’s 2023 Business Central Wave 2
Whether you’re a Business Central customer or looking to license it to digitize your business processes, you’ll be pleased to know that Microsoft’s 2023 Wave 2 release is here.
The new features and capabilities are many and can be viewed at
Microsoft Dynamics 365 Business Central first release
Microsoft Dynamics 365 Business Central has long been a powerful all-in-one cloud-based software that enables organizations to take better control of finances, inventory, production, supply chain, and business data—all in one place. Plus, with its seamless integration with other Microsoft products, you can unlock even greater capabilities and insights for your business.
All these capabilities get enhanced along with the introduction of new features with this Business Central 2023 first release. This first wave of releases comes packed with exciting new features and capability enhancements to help businesses boost their productivity, efficiency, and bottom line.
Explore the highlights here:
The new Dynamics 365 Copilot for Business Central is a real game changer. It’s an AI-powered marketing text generator for items in Business Central. Intended for marketers and sellers who author marketing texts and product descriptions, Copilot streamlines content creation.
By reducing time spent on manual copywriting, Copilot expedites time-to-market for online products. It also adds creativity and consistency to the marketing text, making it more engaging and compelling for the targeted customers. Using product information like size, color, and category, the AI suggests texts that users can further edit. Users can also fine-tune the length and tone of voice for more effective marketing.
Available for preview in Business Central, this feature needs to be enabled in Business Central. It’s the world’s first AI copilot natively integrated into CRM and ERP. Since the underlying AI behind Copilot can access powerful language models and datasets to analyze and generate natural English language, users can get high-quality responses with the desired level of personalization with minimal input.
Copilot will not only add efficiency and productivity to your copywriting efforts but also help you avoid manual errors in copywriting, mitigate the lack of creativity, and overcome writer’s block with intelligent AI-generated drafts.
Data analysts and decision-makers can easily lose precious time and productivity when switching between multiple applications while analyzing complex data.
Microsoft has the solution to this problem— the new Analysis mode.
Now you can say goodbye to the hassle of using external applications to generate reports while using Business Central. With Analysis mode, end-users and data analysts can interact with data directly from list pages within Business Central, saving valuable time and effort. Since you no longer need to rely on other applications to generate reports, it gives you the power to do more and be more productive than ever before.
But that’s not all. This feature allows you to perform even more tasks within report objects, Excel, Power BI, or any other data analysis application. You can easily customize your workspace by adding additional tabs for different tasks or views based on your preferences.
Productivity counts for new users when learning how to use Business Central. Personalizing actions helps remove distractions and reduce the time it takes for people to get the hang of Business Central. As a result, you can save time and boost productivity while also reducing overhead costs.
Improvements in the Modern Action Bar make that possible. Now the action bar will appear at the top of all pages with personalized actions to allow users flexibility and extra options to work in Business Central in ways that best suit them. Not only will this enable you to help new users get started quickly but also tailor the actions to your unique organizational needs.
Organizations that use Business Central often manage multiple companies. The frequent acquisitions also require companies to onboard new entities in Business Central. This means Business Central users often have to manage multiple datasets and face challenges to unify and standardize those datasets.
This new master data management feature in Business Central eliminates this hassle and simplifies data management. This functionality allows you to move a setup from one company to another in the same environment and keep the data synchronized across all companies after the move. Users will also have the flexibility to define the tables and fields to synchronize and set up more advanced synchronization coupling criteria.
This feature benefits businesses by unifying the data across multiple companies and updating all linked datasets as soon as changes are made. This helps break down silos and avoid update delays so everyone works with the same data.
Approval workflows are integral to modern business processes. And the more cumbersome and complex they are, the slower the operations and decision-making become.
To make complex approval processes more simplified and flexible, Microsoft’s 2023 first release brings new capabilities to create Business Central approval workflows with Power Automate templates. They can even use Power Automate for approvals on mobile devices and in Microsoft Teams for improved productivity.
In addition to the easy creation of approval workflows with Power Automate integration, this new feature will also improve visibility and control over the entire process. Admins and workflow owners can track the status and receive notifications in real-time. What’s more, it will also automate selecting and assigning approval roles, defining levels of approvals, and specifying fallback approvers.
Errors messages are roadblocks to productivity while using Business Central. A missing setting or information can trigger error messages that may get you stuck.
To resolve these scenarios and help users get back to work quickly, the 2023 first release wave will add actions to error messages. This feature makes the information on those messages more comprehensible and comes with a new Copy details link that allows users to copy troubleshooting information. That makes it easier to identify the issues and fix them on the fly.
With Microsoft 2023 first release for Business Central comes support for additional localizations and regions/countries. The update will deliver Swedish localization as an extension, offering a data upgrade from the old localization to the new one.
Additional countries and regions supported are Andorra, Armenia, Azerbaijan, Bahamas, Bermuda, British Virgin Islands, Cameroon, Ethiopia, Ghana, Guernsey, Isle of Man, Jersey, Kazakhstan, Kosovo, Liechtenstein, Macau (SAR China), Madagascar, Malawi, Mozambique, Namibia, Nepal, San Marino, Sao Tome & Principe, Tanzania, Uganda, and Zambia.
ERP Global Solutions, LLC is ready to assist you in optimizing your business and ERP systems to state-of-the-art technology and functionality for today and far into the future.
With the event of Microsoft bringing products such as Dynamics SL, GP, and NAV main stream support to and end in 2024, customers now have the ability to migrate their systems to D365 Business Central.
Moving away from Dynamics SL and into the cloud provides organizations with complete visibility into everything that happens within the business and allows them to use real-time insights to drive positive outcomes.
Business Central provides seamless integration with Microsoft tools which you are likely already using, including Office, Outlook and Teams. Having a completely integrated system allows for improved productivity across your workforce and a reduction in errors caused by disparate systems.
What is included with Microsoft Dynamics 365?
Generally speaking, when a new software program comes out, you expect it to be state of the art and do more than its predecessor. It’s safe to say that Dynamics 365 Business Central meets that high standard. Essentially, Dynamics 365 does everything that Dynamics SL does – only better and in a much more comprehensive fashion, including budgeting, cash management, accounts receivable, financial reporting, and project accounting. Indeed, as noted by Technology Evaluation Centers, Dynamics 365 offers “noticeably more” functions and features than its predecessor.
Perhaps the where Microsoft Dynamics 365 Business Central and SL differ is the Business Central is a native cloud-based solution. While Dynamics SL can be hosted in the cloud, Dynamics 365 Business Central is written to be multi-tenant and a trues cloud solution. Cloud access has almost become a requirement for companies to remain competitive. According to McAffee, more than 85% of businesses say their organization has grown more quickly thanks to cloud-based services. It’s no surprise that cloud spending is anticipated to reach close to $500 billion within three years, up from $229 billion in 2019, according to the International Data Corporation.
How much does Microsoft Dynamics 365 cost?
For all that you get with the Microsoft Dynamics 365 Business Central bundle, this software is highly affordable and starts at only $70/user/month for ‘full’ users and $8/user/month for ‘team’ users (mostly read only). For those customers that are current on their SL enhancement plan, they get a discounted rate of 40% off license pricing for the initial 3 years.
5 reasons why Microsoft Business Central is at the top of ERP solutions
Deployment & Accessibility
Access your data anywhere, from any device.
Customization & Integrations
Extend and customize the solution to fit your business perfectly with AppSource extensions, extensive industry add-ons and seamless integration to other Microsoft applications like the Power Platform, Office 365, SharePoint and other Dynamics 365 applications.
Functionality
Business Central is filled with intelligent functionality such as natural language search, AI/Machine Learning and workflows all inside an easy-to-use user interface to increase productivity and make work easier.
Reporting & Analytics
Business Central utilizes data to help you thoroughly understand your business performance and make informed, decisions supported by data. Embedded Power BI visualizations provide instant insights into key data metrics.
Compliance & Security
Business Central ensures your organization is protected by using a layered approach to application security alongside user authentication and data encryption. Business Central is also up-to-date and compliant with all recently introduced legislations such as Making Tax Digital (MTD) & GDPR.
With the convergence of this pricing incentive, business change, and technological improvement, now may be the right time to plan an upgrade to Dynamics 365 Business Central in 2023 and ERP Global Solutions, LLC is ready to assist in investing in your companies future.
Contact us today to find out more about D365 Business Central and how to move forward with an effective, time saving, and successful migration plan.
Brenda@ERPGlobalSolutions.net or Sharon@ERPGlobalSolutions.net
SL 2018 CU9 is now available
About These
Updates
General Information
• These year-end updates are supported for use with the following Microsoft Dynamics SL versions:
– 2018
– 2018 Cumulative Update 1
– 2018 Cumulative Update 2
– 2018 Cumulative Update 3
– 2018 Cumulative Update 4
– 2018 Cumulative Update 5
– 2018 Cumulative Update 6
– 2018 Cumulative Update 7
– 2018 Cumulative Update 8
– Note: 2018 Cumulative Update 9 includes the year end updates
Make sure that you determine which version is currently installed before you start the year-end updates installation.
Changes
These year-end updates include the following changes.
Accounts Payable 1099s
Payroll
We recommend that you contact us before installing service packs or hotfixes. It is important to verify that your environment is compatible with the service pack(s), hotfix(es), or download(s) being installed. A service pack, hotfix, or download may cause interoperability issues with customizations, and third-party products that work with your Microsoft Dynamics solution.
