Dynamics 365: Release Enhancements Plan April 2023
Posted on: March 29, 2023 | By: Guy Logan | Microsoft Dynamics AX/365, Microsoft Dynamics Manufacturing
The 2023 release wave 1 plan for Dynamics 365 brings new innovations that provide you with significant capabilities to transform your business. This month’s release contains the following exciting new features in Dynamics 365 for Finance & Supply Chain Management for these apps: Finance, Supply Chain Management, Guides, and Project Operations.
Dynamics 365 Finance drives automation and predictive analytics capabilities.
- New Feature: Determine posting of disposal transaction
- Business Value: allows you to determine the posting details of fixed asset disposal scrap/sale based on your business needs
- Details: By switching on this option, the disposal scrap/sale posting validates the defined posting profile for disposal sale/scrap for the asset within the transaction.
- Business Value: allows you to determine the posting details of fixed asset disposal scrap/sale based on your business needs
- New Feature: Credit card payment refactory
- Business Value: improves the card (including credit card) payment process.
- Details: The status of each stage is centrally logged and monitored per invoice and sales order. In case of failures in the process after the customer invoice is posted, users can check the failure reason and recover payment process.
- Business Value: improves the card (including credit card) payment process.
- New Feature: Define financial tags
- Business Value: lets organizations track user-defined fields on accounting entries posted to the general ledger.
- Details: An organization can define up to 20 financial tags, which will be stored on accounting entries posted to the general ledger. The financial tag names are defined by the user, giving clarity to data entry clerks about the data expected in each field
- Business Value: lets organizations track user-defined fields on accounting entries posted to the general ledger.
- New Feature: Define foreign currency revaluation posting profile
- Business Value: enables you to post currency revaluation adjustments to different currency adjustment accounts per currency and per module.
- Details: The currency revaluation posting profile helps you to define currency revaluation adjustment accounts to a granular level per currency and per module (General ledger, Accounts payable, Accounts receivable, and Bank).
- Business Value: enables you to post currency revaluation adjustments to different currency adjustment accounts per currency and per module.
- New Feature: Summarize vendor and customer payments to the bank subledger
- Business Value: Posting the payments in summary to the bank account will ensure a much smoother bank statement reconciliation.
- Details: allows an organization to post vendor and customer payments in separate vouchers but update the bank account in summary to match the bank statement, making reconciliation easier.
- Business Value: Posting the payments in summary to the bank account will ensure a much smoother bank statement reconciliation.
- New Feature: Accounts payable fully automated with invoice capture
- Business Value: Processing vendor invoices is a manual and repetitive task in every organization, and capturing invoices saves time and errors by automating the heavy volume process.
- Details: provides continuous intelligent automation with reading and recognition of vendor invoices.
- Business Value: Processing vendor invoices is a manual and repetitive task in every organization, and capturing invoices saves time and errors by automating the heavy volume process.
Dynamics 365 Supply Chain Management obtains a unified view of inventory, warehouse, manufacturing, service, and logistics with predictive analytics.
- New Feature: Inventory and logistics feature state updates for 10.0.32
- Business Value: Turning on features by default helps ensure that your system stays current with the latest inventory and logistics capabilities of Dynamics 365 Supply Chain Management.
- Details: These features are now mandatory and can no longer be disabled.
- Business Value: Turning on features by default helps ensure that your system stays current with the latest inventory and logistics capabilities of Dynamics 365 Supply Chain Management.
- New Feature: Create and update containers in batch processing mode
- Business Value: uses batch processing to perform container operations on large numbers of purchase order lines included within a voyage.
- Details: lets users add purchase order lines to new or existing shipping containers and then choose to apply the changes in batch mode, which allows the system to process the updates in the background.
- Business Value: uses batch processing to perform container operations on large numbers of purchase order lines included within a voyage.
- New Feature: Split cost type codes for multiple voyages in the vendor invoice journal
- Business Value: makes it possible to allocate costs on a more granular basis by breaking down costs from each voyage according to the cost type code.
- Details: This feature for the Landed cost module enables business to better allocate transportation costs associated with multiple voyages
- Business Value: makes it possible to allocate costs on a more granular basis by breaking down costs from each voyage according to the cost type code.
- New Feature: Assign shipments to related route segments
- Business Value: brings correct freight cost apportionment for multi-segment scheduled routes with inbound and outbound logistic process
- Details: lets you apportion freight costs for multi-segment scheduled routes with inbound and outbound logistic processes. Now, you can evaluate the true profitability of sales orders by apportioning freight cost at the item line level.
- Business Value: brings correct freight cost apportionment for multi-segment scheduled routes with inbound and outbound logistic process
Next Steps
If you are interested in learning more about Microsoft Dynamics 365 for Finance and Supply Chain Management contact us here to find out how we can help you grow your business. You can also email us at info@loganconsulting.com or call (312) 345-8817.