New and Upcoming Features in Business Central in 2024

Have you ever considered utilizing an ERP solution tailored exclusively for businesses? Microsoft Dynamics 365 Business Central presents itself as a contemporary ERP solution meticulously designed to cater to the diverse needs of businesses, regardless of their size. This sophisticated ERP system distinguishes itself with its adaptability, encompassing a wide array of modules to address various business requirements comprehensively.

What distinguishes Business Central ERP is its seamless integration capabilities. Microsoft consistently rolls out updates, ensuring that the solution remains at the forefront of technological advancements in the business landscape. Whether it’s interfacing with other software or applications, Microsoft Business Central ERP streamlines integration processes effortlessly.

The profound integration with Microsoft applications emerges as a remarkable enhancement. With standard setups or pre-built systems in place, operations flow seamlessly, fostering an environment conducive to optimal productivity. Notably, Microsoft has spearheaded the innovation 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 a deeper understanding of Business Central and its features, please refer to our dedicated space for Microsoft Dynamics 365 Business Central, where you can find refined information.

Each post explores specific aspects, offering valuable insights that can transform the way you conduct business. Microsoft consistently enhances its solution to align with:

• Market trends
• Customer preferences

Staying ahead in the ever-competitive landscape. By actively engaging with user feedback, they prioritize features with the highest demand, 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 receive direct regular updates, keeping them at the forefront of functionality.
• Conversely, on-premise users need to manually update, underscoring the convenience of opting for the cloud version.

Choosing Dynamics 365 Business Central Consultants for implementation on the cloud ensures that your business management and operations benefit from a hassle-free, continuously evolving solution that adapts to your needs. In this article, let’s delve into the new additions for Dynamics Business Central in 2024 and beyond.

Business Central 2024 New Features

Microsoft has recently unveiled the primary areas for investment in the Dynamics 365 Business Central 2024 release wave 1. As we diligently work through the updates for the 2023 release wave 2 until March 2024, let’s provide you with an early preview of what’s on the horizon.

1. Core Functionality
2. Artificial Intelligence and Collaboration
3. Ease and Speed of Implementation
4. World-Class Service

Finance:

• General Ledger (GL)
• Accounts Receivable (A/R) & Accounts Payable (A/P)
• Regulatory Reporting

Within the Finance domain, streamlined operations in the General Ledger and enhanced Accounts Receivable and Accounts Payable functionalities are now integrated into the Business Central Accounting Software. These streamlined processes ensure a more efficient financial management experience. Additionally, enhanced regulatory compliance features reinforce Microsoft’s commitment 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 experiences a notable expansion, introducing more ‘out of the box’ reports and a refined Report Explorer for enhanced accessibility. Developers can now craft Analysis Views, contributing to a more customizable reporting environment. The addition of the analysis model’s ‘Peek’ feature offers another level of ease, allowing for a faster understanding of data structures. Furthermore, reports on sustainability metrics will be presented.

Supply Chain:

• Integration with Field Service

In the Supply Chain domain, 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 impact of AI in everyday life surpasses previous estimations, Microsoft continues to pioneer cutting-edge features in its ongoing commitment to enhancing user experience and productivity.

• Intending to enhance discoverability and usability, Microsoft seamlessly integrates AI with Microsoft 365, ensuring a unified and efficient user experience.

• This integration aims to increase the overall accessibility and usability of Microsoft 365 capabilities, resulting in a more intuitive and streamlined collaborative experience for users.

These features underscore Microsoft’s dedication to providing advanced AI capabilities and seamlessly integrating them into everyday collaborative tools, ultimately empowering users with innovative and practical solutions. Learn more about Microsoft Dynamics 365 Business Central Training and experience firsthand how D365 BC can enhance your business operations.

Ease & Speed of Implementation

Geographic Expansion

• Addition of Support for Additional Countries

The platform is poised to broaden its reach by adding support for additional countries, and facilitating the geographical expansion of businesses. This growth aims to cater to a more diverse global market, ensuring that Dynamics BC meets international business requirements.

User Experience

• Adding a Field
• Drag and Drop for Multiple Files

Improving user interaction, and new features allow for the addition of fields, enhancing D365 BC’s adaptability to specific business needs. A more intuitive and user-friendly experience is also promoted by the addition of drag-and-drop functionality for numerous files, which streamlines data administration.

Power Platform

• Integration of Power BI Dashboards for Core ERP
• Implementation of Intelligent Power Automate Workflows and Approvals
• Expansion of Data and Business Events Exposure

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 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

• Introduction of Drag & Drop API for AL (Application Language)
• Reduction of 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

• Provision of More Granular Access to Environments
• Implementation of Advanced Data Privacy Measures: CMK (Customer Managed Keys) and Lockbox
• Introduction of Auditing Features in M365 (Microsoft 365)

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. A robust governance framework that aims to protect data is complemented by Microsoft 365’s auditing tools.

Microsoft has shown through these advancements its commitment to delivering a solution that not only meets but surpasses industry needs. This promises a comprehensive, efficient, and secure business management platform with Dynamics 365 Business Central by 2024

Conclusion

Microsoft Dynamics 365 Business Central appears as the best option for businesses seeking a scalable solution. D365 BC, with its core features, straightforward upgrades, and rapid evolution, caters to organizations of all sizes, encompassing Business Central Licensing and Pricing.

Selecting Corporate Central guarantees efficient operations and a future-proof solution that can adapt and expand to meet corporate needs. However, if you are still using NAV, now is the time to Upgrade NAV to Business Central because their focus on user input, integration capabilities, and global accessibility establishes them as an industry leader.