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Microsoft Dynamics 365 Business Central continues to serve as a powerful business management application for small and mid-sized organizations, offering scalability and flexibility to meet diverse industry needs. The 2024 Release Wave 2 is expected to bring significant enhancements that further streamline operations, boost productivity, and ensure compliance. Let’s take a closer look at the key updates anticipated in this release.
Streamlined Operations with Copilot
Business Central’s focus on simplifying business processes continues with new enhancements to Copilot, Microsoft’s AI-powered assistant. Copilot will assist users in performing tasks faster, such as creating sales orders directly from chat or generating product information, including variants and units of measure.
Additionally, Microsoft is investing in Chat extensibility, enabling users to access third-party content, providing more ways for businesses to optimize their processes using AI.
Subscription Billing and Revenue Recognition
One of the standout features in the 2024 Release Wave 2 is the introduction of a subscription billing and revenue recognition module. As more businesses shift to subscription-based models for generating recurring revenue, Business Central’s new subscription management tools will make it easier to handle contracts, billing schedules, and automated invoicing.
This feature allows businesses to seamlessly manage mixed subscription contracts that include both items and services, such as IT support, hardware maintenance, or any recurring service. Templates simplify contract creation, while automated processes handle accruals, revenue recognition, and deferral integration. With this tool, you can focus more on growing your business and less on administrative tasks, all while maintaining accurate financial records.
Advanced Reporting and Data Analysis
Business Central continues to invest in advanced reporting and data analysis tools. The 2024 release is expected to include over 70 new Power BI reports and enhanced ad hoc analysis capabilities, enabling businesses to leverage data more effectively for strategic decisions. This release will provide deeper insights into key areas like fixed assets, projects, and services, helping organizations optimize their operations.
Usability Enhancements
As always, Business Central strives to make the user experience as seamless as possible. The upcoming release will likely include improvements such as drag-and-drop file uploads, column resizing without personalization, and enhanced language accessibility. These usability updates are designed to help users work more efficiently and reduce errors.
Join Western Computer’s BC Release Wave 2 Launch Event
Excited to learn more about how these new features can transform your business? Join Western Computer’s Business Central Release Wave 2 Launch Event, where Telka Clem, Presales Solution Architect, and Donovan Hays, BC Program Manager, cover some of these updates and provide insights into how your business can leverage the latest capabilities of Business Central.
Don’t miss this opportunity to stay ahead of the curve and see firsthand how Microsoft’s latest innovations can enhance your operations.
To Learn More
Western Computer offers deep expertise across the Microsoft technology stack, particularly in Dynamics 365 solutions. Our thought leaders can help you ensure your critical ERP application meets your business needs for today and beyond. For more information on how to use these Business Central tips, or for help in designing, deploying and supporting Microsoft Dynamics 365 solutions, contact Western Computer today.
