April 18, 2024
Summary: This article throws light on the new and updated features of Microsoft Dynamics 365 Business Central in 2024, which thriving businesses can make the most of to solve critical challenges and drive more productivity via enhanced and better data analysis.
Business Central: New and Upcoming Features in 2024
Notably, Microsoft has recently revealed the key upgrades in Dynamics 365 Business Central 2024 release wave 1. For the most part, these new and updated features will be available soon as many businesses are continuing to task in the 2023 release wave 2 updates and they will do so until March 2024.
Microsoft Dynamics 365 Business Central: Four Key Areas of New and Upcoming Features
- Core Functionality
- Artificial intelligence and Collaboration
- Ease and Speed of Implementation
- World Class Service
Microsoft Dynamics 365 Business Central: Core Functionality
Finance
- General Ledger
- Accounts Receivable & Accounts Payable
- Regulatory Reporting
For the most part, the anticipated 2024 release of Microsoft Dynamics 365 Business Central renders significant enhancements to elevate and upgrade core functionalities. Undeniably, within the Finance domain, a streamlined and improved General Ledger is now added in the Business Central Accounting Software along with
- Accounts Receivable
- Accounts Payable
Needless to say, the streamlined processes ascertain a more efficient and effective financial management experience. In addition, you can make the most of enhanced regulatory compliance features for tailored, comprehensive solutions.
Reporting
- Improved Report Explorer
- Analysis Views Creations
- Analysis model ‘Peek’
- Sustainability Reports
Here, the Reporting aspect comes with a notable expansion of more ‘out of the box’ reports and an enhanced and refined Report Explorer for better accessibility. Markedly, with such capabilities, your developers can create Analysis Views and maintain a customizable reporting environment. In addition, the Analysis model’s ‘Peek’ feature facilitates an instant understanding of data structures and reports delivering more sustainability metrics.
Supply Chain
Under the Supply Chain, the integration with Field Service marks a game-changing development. For the most part, it would help create a seamless connection between supply chain operations and field service activities. Given these points, these forthcoming features will render a more robust, user-friendly, and integrated Microsoft Dynamics 365 Business Central experience in 2024.
Business Central AI and Collaboration
Generative AI
- Bank reconciliation assists GA
- Chat with Copilot
- Dev Tools for Copilot
Chiefly, the introduction of Generative AI will help streamline financial processes by introducing Bank Reconciliation Assist. Most importantly, it will ease the complexities of reconciling accounts. Here, business users can engage in natural language conversations with Copilot and drive improvement across collaboration in coding tasks. Needless to say, these upcoming features in Microsoft Business Central are going to empower developers, offering additional resources for seamless coding experiences.
Microsoft Dynamics 365 Integration
Discovery and Usage
Notably, Microsoft integrates AI with Microsoft 365 products seamlessly to ensure a cohesive and efficient user experience. This is because AI is increasing in everyday usage and driving productivity as well. Needless to say, this cutting-edge integration would readily enhance the accessibility and usability of Microsoft 365 tools and would help promote a more intuitive collaboration environment for users.
Accelerated and Easy Implementation
Geographic Expansion
Explicitly, the Dynamics 365 Business Central platform is set to expand its reach by adding support for additional countries. For the most part, it facilitates a business’s geographical expansion and enables it to cater to a more mixed global market. This way, Dynamics Business Central would help them meet international business requirements.
User Experience
Given these points, it comes with improved user interaction and enhanced Dynamics 365 Business Central’s adaptability to let a business meet its specific needs. In addition, it introduces a drag-and-drop functionality for multiple files that simplifies data management and offers a user-friendly experience.
Power Platform
- Power BI Dashboards for core ERP
- Intelligent Power Automate Workflows and Approvals
- More exposure to Data and Business Events
Needless to say, users can now leverage real-time insights and lead the competitive edge with more versatile, user-centric, and globally accessible ERP solution with the 2024 release of Dynamics 365 Business Central.
World-Class Service
For the most part, Business Central Dynamics is anticipated to deliver a world-class service through enhancements across key domains such as
- Performance
- Scalability
- Reliability
- High availability
Administration
Needless to say, business administrators will gain more control with granular access to environments. For the most part, this would allow them for a custom-made and secure management approach.
In addition, Advanced Data Privacy measures include
- Customer Managed Keys and Lockbox
- Enhanced Data Security
- Auditing in Microsoft 365 for a comprehensive governance strategy
Why NavisionIndia?
At NavisionIndia, you can connect to our skilled and trained Business Central Consultants and make the most of their expertise and experience across Business Central and Dynamics 365 solutions. For the most part, our subject-matter experts deliver deep knowledge of the product, a proven methodology, and leading practices to thrive with Microsoft Dynamics 365 Business Central.
Our experts have rendered excellence to businesses looking for an upgrade from NAV to Dynamics 365 Business Central. Here, connecting to them would help you better adapt your business to the new and upcoming features of Microsoft Business Central in 2024 and take a competitive lead.
For more details, write to us at info@navisionindia.in Or Schedule A Demo