I can't wait to share some amazing news with you—our financial toolkit is about to get a major boost with the October 2023 Wave Release in Microsoft Dynamics 365 Business Central. This update is all about making our financial processes smoother, faster, and more efficient than ever before.
Let me break down what's got us all thrilled:
Making Financial Management a Breeze
- Combine Finances Across Multiple Sites: For us, dealing with multiple company setups just got a whole lot easier! We can now consolidate our financial data across different Business Central environments, giving us a comprehensive view of our financial performance.
- Better Control with Intercompany Approvals: Approvals are a crucial part of keeping our finances in check. With the new feature allowing approvals for intercompany general journals, we can ensure every transaction is accurate and authorized.
- Seamless Intercompany Transactions: Collaboration is key, and now we can seamlessly handle intercompany transactions across various Business Central environments. This will enhance our internal processes and ensure smoother transactions.
- Synchronize Sales and Production Effortlessly: Coordinating sales and production is the next step, and syncing document and posting dates for sales and purchases will ensure a streamlined workflow. It's about keeping everyone on the same page!
- Optimize Costs and Revenue Distribution: The ability to use General Ledger Allocations to distribute costs and revenue efficiently is a game-changer. We're looking forward to smarter financial insights and more informed decisions.
Empowering You with AI-Powered Innovations
The AI-driven innovations coming in the September and October 2023 updates are designed to make your financial tasks easier and faster:
- Quick Bank Reconciliations with Copilot: Copilot, our new AI-driven tool, will speed up bank account reconciliations, helping you get things done faster and more accurately.
- Excel Add-in Enhancements: Enhancements to the Excel add-in mean you can analyze, group, and pivot data on queries using multiple tabs, simplifying your data analysis tasks.
- Easy Access to Insights: Finding report and data analysis content is now a breeze. You'll be able to discover what you need quickly, making your data analysis more efficient.
- Visualize Your Data with Power BI: Get ready to see your financial data in a whole new light! Power BI reports for finance, sales, and inventory will give you powerful visuals and insights, enabling you to make informed decisions.
We're so excited about these enhancements and innovations. They're going to make your financial management experience in Business Central even better! Stay tuned for more updates—it's going to be a game-changing October!
Be sure to join Jim Augenstein, Jeff Pergolski and me on October 31st at 3 PM Eastern for the Innovia Wave Report!
