Early Access to Microsoft Dynamics 365 Finance and Supply Chain Management Updates

Staying updated on new changes in Microsoft Dynamics 365 Finance and Supply Chain Management is crucial for optimizing your financial and operational processes. With the upcoming 2024 release wave 2, businesses have the opportunity to access new features and enhancements early, starting on July 29, 2024. These updates are designed to streamline operations, enhance productivity, and keep your business at the forefront of your industry. Here’s an overview of the key early access features:

Dynamics 365 Finance: Key Early Access Features

1. Analyze Business Data in Excel

• Availability: Early access in July 2024; General availability in October 2024.
• Benefit: This feature allows users to analyze business data directly in Excel, leveraging the familiar interface and powerful analytical tools. This integration enhances data-driven decision-making and streamlines financial analysis processes.

2. Enhanced Bank Reconciliation Report

• Availability: Early access in July 2024; General availability in October 2024.
• Benefit: The enhanced bank reconciliation report simplifies the reconciliation process, providing detailed insights and improving accuracy. This update helps finance teams save time and reduce errors in financial reconciliations.

3. Increased Invoice Number Length

• Availability: Early access in July 2024; General availability in October 2024.
• Benefit: This update allows users to increase the length of invoice numbers, accommodating more complex invoicing requirements. It ensures better tracking and management of invoices, especially for businesses with high transaction volumes.

Dynamics 365 Supply Chain Management: Key Early Access Features

1. Add Transactions When Recalculating Weighted Average

• Availability: Early access in July 2024; General availability in March 2025.
• Benefit: This feature enables users to add transactions when recalculating the weighted average cost, ensuring more accurate inventory valuation. It improves cost management and financial reporting for supply chain operations.

2. Improved Order-Promising Capabilities

• Availability: Early access in July 2024; General availability in October 2024.
• Benefit: Enhanced order-promising capabilities help manufacturers manage customer expectations by providing more accurate delivery dates. This update leverages advanced algorithms to optimize order fulfillment processes.

3. Demand Planning with External Signals

• Availability: Early access in July 2024; General availability in October 2024.
• Benefit: The upgraded demand planning feature incorporates forecasting with external signals, such as market trends and competitor activities. It enhances the accuracy of demand forecasts, enabling businesses to better align production with market demand.

4. Copilot Integration for Insights and Analysis

• Availability: Early access in July 2024; General availability in October 2024.
• Benefit: Copilot integration weaves insights and analyses directly into workflows, identifying trends and irregularities. Users can make specific data inquiries at the cell level, improving decision-making and operational efficiency.

Take Advantage of Early Access

Starting July 29, 2024, customers can explore these new features in a non-production environment. This early access period is an excellent opportunity to validate the latest updates, plan for implementation, and ensure your business can leverage these enhancements effectively. For help creating a plan for your specific business needs, contact our experts here. By testing these features early, you can streamline the transition and fully benefit from the new capabilities once they are generally available in October 2024. For broader insights, also check out our June 2024 article outlining the new enhancements, features, and deprecations in version 10.0.40.

Conclusion

The 2024 release wave 2 updates for Microsoft Dynamics 365 Finance and Supply Chain Management bring significant enhancements aimed at improving user productivity and operational efficiency. By participating in July early access, your business can stay ahead of the curve and ensure a seamless rollout of these powerful new features. Explore the early access features and start planning for your upgrade today to take full advantage of the latest innovations to Microsoft Dynamics 365.