Prepare for Dynamics 365 Business Central in the 2023 Release Wave 2

Business Central users, get ready for an exciting update! One of the many perks of using Microsoft Dynamics 365 Business Central is its automatic bi-annual updates.

As a cloud-based system, it ensures that all users receive these updates as a standard practice, not once but twice a year. Plus, you have the flexibility to choose your preferred window for the upgrade. In just a month’s time, the next release is set to roll out, and our dedicated support team will be reaching out to discuss the best upgrade window for you and help you make the most of the new features.

Empowering Copilot:

With this upcoming release, Microsoft is taking its investment in Copilot to the next level. This means more capabilities for optimising processes and completing tasks faster with the guidance of Copilot. If you’re not already familiar, Copilot is your trusty companion for navigating Business Central, providing valuable guidance and assistance. In this release, Microsoft is taking Copilot to new heights, offering users an even more seamless and intelligent experience. Copilot is designed to be your digital assistant, helping you make the most out of Business Central. It’s like having a knowledgeable colleague by your side as you work within the system.

Here are some key enhancements to look forward to:

• Enhanced Task Recommendations: Copilot will become even more intuitive in suggesting tasks and actions based on your workflow. It will adapt to your usage patterns, becoming more accurate in predicting what you need to do next.
• Interactive Help and Learning: Copilot will offer contextual help and learning resources right when you need them. Whether you’re new to Business Central or want to explore advanced features, Copilot will provide relevant tips and tutorials.
• Natural Language Processing: Microsoft is investing in advanced AI and natural language processing capabilities for Copilot. This means you can interact with it using natural language, making your queries and requests more conversational.
• Integration with Adaptive Cards: Copilot will integrate with Adaptive Cards, allowing for interactive and dynamic experiences. You can take action directly from Copilot’s recommendations, saving you time and clicks.

For hands-on experience and tutorials on how to use Copilot effectively, consider visiting Microsoft’s official Dynamics 365 Business Central Learning Path.

Streamlined Financial Data Consolidation:

Managing financial data across multiple companies in various Business Central environments is set to become even more efficient. The new release promises improvements in the ability to consolidate financial data and engage in intercompany partnerships. As your business grows and operates across multiple entities, having these tools at your disposal can significantly streamline your operations and improve financial control.

Here are the key enhancements to look forward to:

• Enhanced Consolidation Tools: The new release is expected to introduce advanced tools and features for consolidating financial data. This means you’ll have better control over how financial information from various entities is aggregated and presented, ensuring accuracy and compliance with accounting standards.
• Intercompany Transaction Management: Managing transactions between different companies within your organisation will be smoother than ever. The update is likely to provide more robust capabilities for tracking and reconciling intercompany transactions, reducing errors and improving transparency.
• Real-time Financial Insights: With improved consolidation and intercompany capabilities, you can expect real-time visibility into the financial health of your entire organisation. This allows for better decision-making, as you’ll have up-to-date data at your fingertips.
• Automated Reporting: The new features may also include automation of financial reporting across multiple entities. This means less manual effort in generating consolidated financial statements, saving you time and reducing the risk of errors.

Automation for Regulatory Compliance:

Staying compliant with government regulations can be a complex and time-consuming task. However, Microsoft Dynamics Business Central is here to simplify it for you. The upcoming release will automate regulatory tasks, allowing you to focus on your primary business operations with peace of mind.

Here are the key highlights of this automation:

• Automated Compliance Checks: The new release is expected to introduce automated compliance checks, which will continuously monitor your financial and operational data for compliance with relevant regulations. This proactive approach can help you identify and address compliance issues before they become problems.
• Rule-Based Automation: You’ll likely have the ability to define and customise rules specific to your industry and region. These rules can cover various aspects of compliance, such as tax reporting, financial disclosures, and data privacy, ensuring that your system is tailored to your unique requirements.
• Real-time Alerts and Notifications: The system may send real-time alerts and notifications when it detects potential compliance issues. This allows you to take immediate action and rectify any discrepancies, reducing the risk of non-compliance penalties.
• Audit Trail and Reporting: Comprehensive audit trails and reporting features may be included to provide a transparent record of compliance-related activities. These reports can be invaluable during audits and inspections.
• Integration with Regulatory Updates: The system might be designed to seamlessly integrate with regulatory updates and changes, ensuring that your compliance measures remain up-to-date without requiring manual intervention.

Enhanced Usability:

Usability is always at the forefront of Microsoft’s updates. In this release, they’ve introduced features to boost efficiency when working with document lines. Key tips for faster keyboard access will help you work more swiftly, and a capability to peek at editable fields will provide quicker insights into your data without the need for extensive drilling down.

Here’s a closer look at what to expect:

• Efficient Document Line Management: Managing document lines is a common and crucial task within Business Central. The new release introduces features to streamline this process, making it easier and faster to input, review, and edit data.
• Key Tips for Faster Keyboard Access: For users who prefer keyboard shortcuts, this feature is a game-changer. Key tips are intuitive keyboard shortcuts that allow you to perform actions without reaching for the mouse. They can significantly speed up data entry and navigation.
• Peek at Editable Fields: This capability lets you quickly preview and edit field values without the need for extensive drilling down into records. It provides a convenient way to access and modify data, saving you time and reducing clicks.

To get the full scoop on all the planned features, visit this link. Keep an eye out for next month’s update, where we’ll highlight a few of our favourite features from the 2023 Release Wave 2 that we believe you’ll absolutely love using. Stay tuned for a more productive and efficient Business Central experience!