What’s New and Upcoming Features in Dynamics 365 Business Central in 2024
Have you ever thought of an ERP solution designed exclusively for businesses to make? Microsoft Dynamics 365 Business Central is a modern ERP solution crafted to meet the major needs of businesses of any size. This modern ERP solution stands out for its versatility, accommodating businesses of any type with its comprehensive modules.
What sets Business Central ERP apart is its seamless integration capabilities. Microsoft consistently delivers updates, ensuring the solution remains at the forefront of business technology. Whether it’s connecting with other software or applications, Microsoft Business Central ERP makes integration easy.
The deep integration with Microsoft applications stands out as an amazing addition. Standard setups or built-in systems make operations smoother, providing an environment conducive to efficient work. Notably, Microsoft pioneered the concept of generating:
- Purchase Orders
- Sales Orders
Directly from Outlook, revolutionizing how senior management operates. The convenience it brings to work lives cannot be overstated. For more understanding of Business Central and its features, refer to our space dedicated to Microsoft Dynamics 365 Business Central for refined information.
Each post explores specific aspects, offering valuable insights that can transform the way you do business. Microsoft consistently enhances its solution to align with:
- Market trends
- Customer Preferences
Staying ahead in the ever-competitive scape. Actively engaging with user feedback, they prioritize features with the highest need, ensuring a solution that evolves from user needs and exceeds expectations. Microsoft Dynamics Business Central undergoes two major product releases annually, Wave 1 in April and Wave 2 in October. Additionally, monthly updates and bug fixes are included.
- Users on the cloud interface get direct regular updates, keeping them at the forefront of functionality.
- On the other hand, on-premise users need to manually update, highlighting the convenience of opting for the cloud version.
Choosing Dynamics 365 Business Central Consultants for implementation on the cloud ensures your business management and operations benefit from a hassle-free, continuously evolving solution that adapts to your needs. In this article, let’s look at the new additions for Dynamics Business Central in 2024 and beyond.
Business Central New Features 2024
Microsoft just revealed the key areas for investment in Dynamics 365 Business Central 2024 release wave 1. While we continue to task in the 2023 release wave 2 updates until March 2024. Four main topics were discussed, so here’s an early preview of what’s coming up.
- Core Functionality
- Artificial intelligence and Collaboration
- Ease and Speed of Implementation
- World Class Service
Business Central Core Functionality
Finance
- GL
- A/R & A/P (Accounts Receivable & Accounts Payable)
- Regulatory Reporting
In the anticipated 2024 release of Microsoft Dynamics 365 Business Central, significant enhancements are set to elevate core functionalities. Within the Finance domain, a streamlined General Ledger operation and improved is now added in the Business Central Accounting Software that’s in-built:
- Accounts Receivable
- Accounts Payable
The streamlined processes ensure a more efficient financial management experience. Enhanced regulatory compliance features reinforce Microsoft’s dedication to offering tailored, comprehensive solutions for businesses.
Reporting
- More ‘out of the box’ reports- Improved Report Explorer
- Developers can create Analysis Views
- Analysis model ‘Peek’
- Sustainability Reports
The Reporting aspect sees a notable expansion, introducing more ‘out of the box’ reports and a refined Report Explorer for enhanced accessibility.
Developers can craft Analysis Views, contributing to a more customizable reporting environment. Introducing the analysis model’s ‘Peek’ feature adds another layer of convenience, facilitating a quicker understanding of data structures. Reports focusing on sustainability metrics will be introduced.
Supply Chain
- Field Service integration
In the Supply Chain arena, the integration with Field Service marks a pivotal development, creating a seamless connection between supply chain operations and field service activities. These forthcoming features signify Microsoft’s dedication to delivering a more robust, user-friendly, and integrated Microsoft Dynamics 365 Business Central experience in 2024.
Business Central AI & Collaboration
Generative AI
- Bank reconciliation assist GA
- Chat with Copilot
- Dev Tools for Copilot
- And more to come…
- Generative AI streamlines financial processes by introducing Bank Reconciliation Assist, easing the complexities of reconciling accounts.
- Users can now engage in natural language conversations with Copilot, enhancing collaboration in coding tasks.
- Empowering developers, new Dev Tools for Copilot are introduced, providing additional resources for seamless coding experiences. Exciting developments in this space are on the horizon.
Microsoft 365 Integration
Improved discoverability and usability
- As the scope of AI in everyday lives increases more than estimated, Microsoft introduces cutting-edge features in its ongoing commitment to enhance user experience and productivity.
- Aiming to improve discoverability and usability, Microsoft integrates AI seamlessly with Microsoft 365, ensuring a cohesive and efficient user experience.
- This integration seeks to enhance the overall accessibility and usability of Microsoft 365 tools, promoting a more intuitive and streamlined collaboration environment for users.
These features underline Microsoft’s dedication to providing advanced AI capabilities and integrating them seamlessly into everyday collaborative tools, ultimately authorizing users with innovative and practical solutions. Know more about Microsoft Dynamics 365 Business Central Training and see in real-time how D365 BC improves your business.
Ease & Speed of Implementation
Geographic Expansion
- Additional countries
The platform is set to broaden its reach by adding support for additional countries, facilitating businesses’ geographical expansion. This growth aims to cater to a more mixed global market, ensuring that Dynamics BC meets international business requirements.
User Experience
- Add a field
- Drag and drop multiple files
Improving user interaction, new features allow adding fields, enhancing D365 BC’s adaptability to specific business needs. Additionally, introducing a drag-and-drop functionality for multiple files simplifies data management, promoting a more intuitive and user-friendly experience.
Power Platform
- Power BI dashboards for core ERP
- Intelligent Power Automate Workflows and Approvals
- More data and business events exposed
The Power Platform integration brings advanced capabilities to Microsoft Dynamics 365 Business Central. Users can now leverage Power BI dashboards directly within the core ERP system, ensuring real-time insights. Intelligent Power Automate Workflows and Approvals streamline processes, and the exposure of more data and business events enhances customization and automation options.
These enhancements collectively underline Microsoft’s commitment to providing a versatile, user-centric, and globally accessible ERP solution with the 2024 release of Dynamics 365 Business Central.
World-Class Service
The focus of Business Central Dynamics is keen on delivering a world-class service through enhancements across key domains in the forthcoming 2024 release.
Fundamentals
- Performance
- Scalability
- Reliability
- High availability
The foundational elements receive a boost, ensuring top-notch performance, scalability to accommodate growth, unwavering reliability, and high availability. These improvements form the bedrock for a seamless and robust user experience.
Efficient Development
- Drag & Drop API for AL
- No friction in testing app dependencies
Streamlining the development process, a drag-and-drop API for AL (Application Language) is introduced, simplifying the creation of interfaces. Testing app dependencies becomes frictionless, promoting a more agile and efficient development cycle.
Administration
- More granular access to environments
- Advanced data privacy: CMK and Lockbox
- Auditing in M365
Administrators gain more control with granular access to environments, allowing for a tailored and secure management approach. Advanced data privacy measures, including Customer Managed Keys (CMK) and Lockbox, enhance security. Meanwhile, auditing features in Microsoft 365 contribute to a comprehensive governance strategy, ensuring data.
These advancements collectively reinforce Microsoft’s commitment to providing a service that not only meets but exceeds industry standards, promising a robust, efficient, and secure business management platform with Dynamics 365 Business Central in 2024.
Conclusion
Microsoft Dynamics 365 Business Central emerges as the ideal solution for companies seeking a scalable solution. With its main features, seamless updates, and rapid evolution, D365 BC caters to businesses of all sizes along with Business Central Licensing and Pricing.
Choosing Business Central assures efficient operations and a future-ready solution that adapts and grows with their needs. However, if you are still using NAV – now is the time for Upgrade NAV to Business Central because of their commitment to user feedback, integration capabilities, and global accessibility positions it as a leading player in the market.
