Finance and Operations: 2022 Release Wave 2 highlights
Communications Pangea | September 01, 2022 | Dynamics 365 | Finance and Operations | Release wave | 4min read
The second release wave of the year is coming! Microsoft has released its new plans with several improved updates available from October 2022 through March 2023 for Dynamics 365 and industry clouds. In this news, you’ll find the most crucial highlights for Finance and Operations:
If you’re looking for the CRM systems updates,click here.
Finance and Operations: Finance, Supply Chain Management, and Project Operations
Dynamics 365 Finance* will launch the general availability of vendor invoice OCR, providing complete automation of the vendor invoices’ reading and recognition. This solution will also keep adding capabilities for subscription billing use cases and enhancing Globalization Studio for more scalability, breadth, and depth. Microsoft will also:
Integrate Tax Calculation service with Dynamics 365 Project Operations
Extend Electronic Invoicing service to support e-invoice regulations for France, Poland, and Saudi Arabia.
Quotation improvements in subscription billing where recurring billing facilitate sales quotation generation utilizing the pre-existing quotation report from a billing schedule.
Choose extra customers as responsible parties on a billing schedule with split billing in subscription billing and produce invoices for multiple customers from a single contract.
Support analytical reporting with defined financial tags to track user-classified fields on accounting entries while eliminating financial dimension creation containing values that are not reusable.
Save time, costs, and effort with ledger settlement automation while letting your accounting staff focus on the highest-value areas.
Vendor invoice OCR (Optical Character Recognition) allows you to define and tailor the required minimal data fields for vendor invoices.
Configure the confidence score of invoice recognition and indicate the detected errors’ severity differences.
Define mandatory manual reviews before creating invoices by configuring the OCR data processing.
Tax Calculation integration with Dynamics 365 Project Operations.
Enhanced import experience for missing parent configuration and elevated electronic reporting process configuration while reducing exceptions and clarifying missing dependencies.
2 GB file size limitation removal for electronic reporting.
Supply Chain Management
Dynamics 365 Supply Chain Management* enhances capabilities that drive agility and resilience across the supply chain. Microsoft has also elevated the experience for Planning Optimization and Inventory Visibility:
Planning Optimization provides new analytics and support for multiple vendors to help businesses optimize their sourcing strategies
Inventory Visibility allows companies to track real-time consumption within allocated quantities.
Make soft reservations and allocate inventory with the Inventory Visibility Add-in. Soft reservations allow you to track real-time omnichannel sales demand and avoid overselling.
Users can now track allocated quantities consumption in real time. Subtract soft reserved quantities from allocated quantities with the Inventory Visibility service.
Get a complete summary across channels and data sources within the Inventory summary entity in Dataverse. Users can now use this data for inventory analysis in Power BI or another tool, field service integration, or distribution.
Planning Optimization can now be used by manufacturers in process manufacturing scenarios (including batch orders, co-products, and by-products).
Reach greater management over how inventory is allocated and if it is available for reservation by using batch disposition codes honored by Planning Optimization.
Increase the generated material requirement plans quality and accuracy with Planning Optimization’s demand from sales quotations.
Easily identify and understand delays and sourcing shortages risks with a new supply-risk assessment dashboard.
Source products and materials from different vendors when ordering manually or driven by master planning.
Allow warehouse employees to move around while working on packing activities with the Warehouse Management mobile app and improve customers’ shipping experience.
Warehouse workers can configure and keep the warehouse management solution without help from expert consultants with the new quick implementation and configuration experience that saves time and costs.
Leverage efficient self-service monitoring and issue diagnosis without Microsoft’s direct involvement with easy access to insights into the warehouse management performance and usage through Azure Application Insights.
Dynamics 365 Project Operations focuses more on empowering project managers and project teams with Project Budgeting, Time-phased forecasting, Baselines, and Snapshots while upgrading the app experience for mobile and web form factors. In this release wave, project accountants and back-office personas will leverage:
Advanced subcontracting and subscription billing capabilities
Effortless interaction patterns and uptake of modern and fluent controls with across-the-board investments.
Import projects from Microsoft Project Desktop Client
Sales, billing, and pricing modernized user experiences
Progress-based billing on fixed price contracts
Capability to bulk-confirm project invoices
Use Project Operations with subscription billing for production-based or stocked scenarios
Use Project Operations with advanced subcontract capabilities for resource-based scenarios
Leverage powerful expense entry experiences with the expense mobile app
Use Project Operations with intercompany ledger posting classification support for timesheets for production-based or stocked scenarios.
Use connected item requirements to cancel PO receipts
General availability of the 2022 release wave 2: October 1, 2022.
*Some of the mentioned features for Finance and Operations solutions (Dynamics 365 Finance and Dynamics 365 Supply Chain Management) can be enabled for testing in your environment starting August 1, 2022.