Exciting Changes in Dynamics 365 Finance & Operations: A Comprehensive Overview
Parag Chapre
Microsoft MVP- AI ERP | Solution Architect | Dynamics 365 F&O | Dynamics 365 HR | Power Platform
In the ever-evolving landscape of business management solutions, Dynamics 365 Finance & Operations stands out as a robust platform catering to the dynamic needs of enterprises worldwide. With a focus on streamlining operations, enhancing productivity, and fostering innovation, Dynamics 365 Finance & Operations continually undergoes transformative changes to stay ahead of the curve. Here's a detailed look at some of the significant developments shaping the platform:
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LCS Migration to Power Platform:
Dynamics 365 Lifecycle Services (LCS), the go-to platform for managing Microsoft Dynamics implementations, is undergoing a significant shift by integrating with Power Platform. This transition promises enhanced collaboration, seamless integration with other Microsoft tools, and a more intuitive user experience.
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X++ developers must learn Power Platform (Low code/no code).
X++ developers are embracing the paradigm shift towards low code/no code development with the adoption of Power Platform tools. This transition enables developers to leverage their existing skills while embracing modern development methodologies, ultimately accelerating the pace of innovation.
Reference link: Learn Power Platform in 30 days
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Developer’s VM is moving to UDE (Unified development environment).
Developer's Virtual Machines (VMs) are migrating to Unified Development Environment (UDE), offering a centralized and streamlined development experience. This move simplifies setup, configuration, and maintenance, allowing developers to focus more on coding and less on infrastructure management.
Reference link: The Public Preview for the Unified Experience is live!
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Migration to Azure Data Lake/Synapse:
Bring Your Own Database (BYOD) functionality is being migrated to Azure Data Lake/Synapse, enabling seamless data storage, management, and analytics at scale. This shift empowers organizations to harness the full potential of their data while ensuring security and compliance.
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Enhanced Data Integration with Dual-Write/Virtual Entities:
Dual-Write and Virtual Entities are becoming indispensable tools for integrating data between Dynamics 365 ERP and CRM systems. These capabilities facilitate real-time synchronization, ensuring data consistency and accuracy across the enterprise ecosystem.?
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Updates to Microsoft Dynamics ERP & CRM licensing:
Microsoft Dynamics ERP and CRM licensing prices have undergone revisions, reflecting changes in functionality, features, and market dynamics. These updates aim to provide more flexibility and value to customers while aligning with evolving business requirements.?
Reference link: New pricing for Microsoft Dynamics 365 effective October 2024
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Streamlined Service Updates:
The frequency of service updates for Dynamics 365 Finance & Operations has been optimized, transitioning from seven updates per year to a more manageable schedule of four updates annually. This change allows organizations to plan and implement updates more efficiently, minimizing disruption to operations.
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Reference link: Service update availability - Finance & Operations
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Migration of Dynamics 365 Human Resources:
Dynamics 365 Human Resources has seamlessly integrated with Dynamics 365 Finance & Operations, offering a unified platform for managing HR and financial processes. This consolidation simplifies system administration, enhances data consistency, and improves overall user experience.
Reference link: Migrating your Human Resources environment!
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Introduction of Copilot in Dynamics 365 ERP & CRM:
Copilot, an AI-powered assistant, is now available in Dynamics 365 ERP and CRM systems, revolutionizing user interaction and productivity. By providing intelligent suggestions, automating repetitive tasks, and offering contextual insights, Copilot empowers users to work smarter and faster.
Reference link: Introduction of Copilot in Dynamics 365 ERP & CRM
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Release of Power Apps for Various Functions:
Microsoft has introduced a suite of Power Apps tailored for specific business functions, including Leave & Absence management, Asset management, Warehouse management, and Expense management. These apps leverage the power of low-code development to address common operational challenges effectively.
Leave & Absence: Leave & Absence Human Resources App
Asset management: Onboard the Asset Management mobile app
Expense Management: Dynamics 365 expense management mobile app
Warehouse management: Install the Warehouse Management mobile app
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Introduction of Business Performance Analytics and Planning:
Microsoft has rolled out Business Performance Analytics (preview) and Business Performance Planning features for advanced analytics and reporting. These capabilities enable organizations to gain deeper insights into their financial performance, make informed decisions, and drive strategic growth initiatives.
Reference link: Dynamics 365 Finance business performance analytics
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2024 release wave 1 plans for Microsoft Dynamics 365 and Power Platform available
Microsoft published the 2024 release wave 1 plans for Microsoft Dynamics 365 and Microsoft Power Platform, a compilation of new capabilities planned to be released between April 2024 and September 2024. This first release wave of the year offers hundreds of new features and improvements, showcasing our ongoing commitment to fueling digital transformation for both our customers and partners.?
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In conclusion, the landscape of Dynamics 365 Finance & Operations is undergoing a profound transformation, driven by innovation, collaboration, and a relentless commitment to customer success. As organizations embrace these changes, they position themselves for greater agility, resilience, and competitiveness in an increasingly digital world.