Twice a year, Microsoft announces new features and updates across their Dynamics 365 platform. Here, our team have picked out some ERP highlights from the 2022 Wave 2 release, showing you what’s to come for Dynamics 365 Finance, Business Central and more.
Vendor invoice management and OCR
The recently released subscription billing feature has been further enhanced with the addition of ‘split billing', which enables multiple customers to be billed from a single billing schedule. Where multiple customers are specified on a billing schedule, an invoice can be produced for many customers from a single billing schedule.
There have also been updates to vendor invoice management and OCR regarding configuration settings, which will enable data processing to be flexible enough to fulfil multiple business needs. These updates include:
Also, the ‘try new hub’ feature provides a central place to let recognised invoice data be validated and pre-processed before being converted to a vendor invoice in Dynamics 365 Finance.
The staging area will accept any accuracy level of recognised data from the AI builder – without regard to whether the invoice data is complete. The data can be enriched and validated automatically according to rules or even machine learning during the import process. It’s also possible to review and edit invoices manually from the user interface.
New bank reconciliation report
An update to the bank reconciliation report will provide clearer overall information of the bank reconciliation status and bank transactions details in a certain period.
The addition of financial tags will allow organisations to track user-defined fields on accounting entries posted to the general ledger, which will eliminate the need to create financial dimensions that contain value which are not reusable. The financial tag values can be used for reporting purposes and ledger settlement.
Features include the ability to enable organisations to define up to 15 financial tags, which will be stored on accounting entries posted to the general ledger. Financial tag names can be defined by the user, giving insight to data entry clerks about the data expected in each field.
Monitoring equipment with Sensor Data Intelligence
The Sensor Data Intelligence add-in for Dynamics 365 Supply Chain Management is an updated, renamed version of the IoT Intelligence add-in previously available for Supply Chain Management. It enables your organisation to drive business processes based on sensor data from machines and equipment on the production floor. The new version of Sensor Data Intelligence enables you to:
Source products and materials from multiple vendors
A new feature has been implemented to allow automatic vendor selection based on predefined split ratios to support increased supplier resilience. Planning optimisation now supports multivendor sourcing by allowing users to establish vendor sourcing ratios that are applied during master planning.
Optimise warehousing setup with app insights
Businesses and consultants can utilise Azure Application Insights to analyse the way users work with the warehousing functionality of Dynamics 365 Supply Chain Management. Application Insights provides easy-to-use tools for viewing and monitoring telemetry data, which enables effective self-service monitoring and diagnosis of problems without direct involvement from Microsoft.
Updates to the core application based on popular requests for improvements include:
Country and regional availability
Continuing to increase the footprint of Business Central, more countries and regions will be added in Wave 2, bringing the total to over 100 supported localisations.
Power Platform integration
This Wave brings continuous improvements of Business Central integration with the wider Power Platform offering, including Power BI, Power Automate and Power Apps. Continuous improvements with Dataverse also allows for more ambitious integrations.
Users connecting via the desktop app, browser or mobile device benefit from improved usability, accessibility, performance, and stability.
We have some great efficiency features being introduced with Wave 2, including:
Expanding the eco-system
2022 Wave 2 introduces new integrations and provides new features that can streamline custom integrations through Microsoft Dataverse and with other Microsoft products. Wave 2 will bring capability that enhances experiences by bringing together all the training data from partner learning management systems into a single view, showing employee data in parallel.
Wave 2 looks to enable partners to quickly create integrations with Dynamics 365 Human Resources by leveraging a set of scenario-specific APIs in the integration platform, based on Microsoft Dataverse.
This wave brings a number of enhancements to improve the project operations processes, including:
Finance and Operations: Filter events by legal entity
Applying filters to the event subscription streamlines the configuration experience for events in Power Automate when there is a need to register only in specific legal entities.
To enable filtering on legal entity for business events, an option has been added on the ‘When an action is performed’ Dataverse trigger to define the legal entities for which the event registration will be applied. The option will be available to define multiple legal entities in a single registration, rather than needing to create a separate flow for each legal entity.