Twice a year, Microsoft announces new features and updates across their Dynamics 365 platform. Here, Paul Sinnott, Adrian Johnson and Daniel Ibrahim – members of our ERP team – have picked out some highlights from the 2022 Wave 1 ERP release.
With this year’s Wave 1 comes the addition of a comprehensive subscription billing solution, providing companies engaging in recurring revenue opportunities with an out-of-the-box solution to better handle:
Significant improvements in the vendor invoice management and OCR space increases productivity and efficiency. A key example of this is the addition of the vendor invoice OCR hub, which will allow users to review, validate and enrich invoice OCR data before being converted into vendor invoices.
The micro-services offerings are extended further in this wave to optimise the year-end close process, in addition to providing accounting managers with greater control and enhanced visibility for analysing and recording closing transactions.
The existing tax audit and reporting services are being extended to leverage Azure solutions (e.g. Data Lake and Synapse Analytics) to provide an enterprise level offering, in addition to the extension of the many electronic reporting templates, broadening the low-code offerings in this space.
A brand-new Globalisation Studio will bring out-of-the-box, low-code tax compliance and globalisation capabilities with multi-country content. The Globalisation Studio will provide a single platform to configure, manage and extended current and future D365 Finance globalisation features.
More changes and improvements to the configurable business documents feature are also included in this release, including the ability to specify print destination settings at a document level, and support for configurable images to be added the document headers and footers.
Inventory and logistics
The inventory visibility service greatly increases a business’s order fulfilment capabilities with the available-to-promise functionality. Visibility of future stock levels, next available order dates and potential disruptions allows for more agile and cost-effective stock management reducing the risk of over/under stocking.
Building on the 2021 release of the landed cost features, the addition of transaction entities will allow integration with 3PLs, reducing manual data entry and improving processing time and accuracy.
A modernised and enhanced production floor execution interface improves the user experience and provides greater capabilities for process manufacturing processes with the ability to manage reservations of inventory by batches and serial numbers
Further enhancements in the integration between manufacturing and warehouse process running on scale units enable autonomous end-to-end execution of production processes.
Further enhancements to the planning optimisation add-in are introduced in Wave 1, including support for resource scheduling with finite capacity, support for subcontracting processes and automated action message suggestions for based on requirement changes.
Microsoft 365 integration
Being part of the Microsoft Dynamics 365 product stack, Business Central already benefits from rich integration with the wider Microsoft technologies. This year’s Wave 1 emphasises and builds on this integration, particularly in relation to Microsoft 365.
Two key areas introduced are:
There are also improved administration features that enable Business Central security admins access to define default permission sets for different product licenses and plans, which is then automatically granted when new users sign up.
Here’s a snapshot of the best features improvements coming to Business Central over the next few months:
Microsoft’s latest updates will bring intelligent talent management capability to Dynamics 365 Human Resources, allowing users to carry out skills gap analysis between what the organisation needs and what the current workforce skills hold. This will help organisations ensure the right individuals are in the right jobs, while also focusing on future needs.
Other related updates include:
Simplified integrations with learning management system providers
Dynamics 365 Human Resources will now allow for more simplified integrations with learning management system providers. Wave 1 introduces a set of scenario-specific APIs within the integration platform. Based on the Microsoft Dataverse, the APIs are streamlined to enable partners like Tisski to quickly create tight integrations with Human Resources, for example, assigning online training to an employee for companies using a wide range of partner learning management systems.
A collection of new features, focusing on improved automation will be introduced, with highlights including:
This wave brings a number of enhancements to improve Project Operations processes, including:
Finance and Operations