Dynamics 365 Finance is a powerful enterprise resource planning (ERP) solution offered by Microsoft. Businesses are needy; whether it is to settle ledger accounts or keep your balance sheet accurate, it needs to be run in a modern way. After all, the new world is all about efficiency.
In the April 2023 release, version 10.0.33, Dynamics 365 Finance brings several exciting changes and updates. This article will provide an overview of the new and changed features in Dynamics 365 Finance 10.0.33, based on information from various sources such as Microsoft Learn. So, if your account balances are disrupted right now, that’s what you need!
What is included in Dynamics 365 for finance?
Dynamics 365 for finance and operations includes modules for general ledger, accounts payable, accounts receivable, cash flows management, budgeting, and a lot more. It also offers functionality for fixed assets, expense management, financial reporting, tax management, intercompany accounting equation, and compliance. It streamlines financial operations and improves financial management within organizations. Some of the additional features are:
- Grid Control
- Accurately project cash flow.
- Monitor and track global financial operations in real-time, make data-driven decisions, and predict outcomes to drive business agility and growth.
- Simplify regulatory reporting, electronic invoicing, and global payments using the guided, rules-based chart of accounts and no-code configuration service.
- Enhance financial decision-making and improve business health.
- Minimize costs and optimize spending across business geographies with process automation, budget control, and financial intelligence, planning, and analysis.
- Elevate financial performance.
- Manage crucial finance operations.
- Set up and manage financial reporting.
Highlights of the Updates in Dynamics 365 Finance
Dynamics 365 Finance and Operations apps version 10.0.33 improve infrastructure and system performance. Details in Microsoft Learn article. Essential for maintaining a robust ERP system.
Version 10.0.33 enhances navigation and usability, making d365 f&o more intuitive and efficient. Updates to the user interface improve overall usability and accessibility.
New D365 finance offers enhanced reporting and analytics capabilities. New features include standard reports, customizable dashboards, and improved data visualization options for data-driven decision-making.
10.0.33 introduces enhanced security features and compliance controls to address evolving digital landscape concerns. Protects sensitive financial data and ensures adherence to industry regulations.
It improves integration capabilities, connecting Microsoft Dynamics 365 Finance with other systems like CRM, supply chain management, Power Bi, and productivity tools. Streamlines processes and facilitates cross-functional collaboration.
It introduces workflow automation enhancements, streamlining approval processes and automating routine tasks. Increases productivity and improves operational efficiency.
It includes industry-specific features for manufacturing, retail, healthcare, or professional services sectors. Tailored capabilities address unique sector requirements effectively.
What’s new in Dynamics 365 Finance 10.0.3?
- Inventory and Logistics:
Assign shipments to related route segments.
- This feature allows users to assign shipments to related route segments for better tracking and management.
- Enabled by the "Assign shipments to related route segments" feature management preview.
Create and update containers in batch processing mode.
- Users can now manage shipping containers more efficiently by creating and updating them in batch processing mode.
- Enabled by the "Enable shipping container creation and update in batch mode" feature management preview.
Split cost type codes for multiple voyages in the vendor invoice journal.
- This enhancement of journal entries in the Landed cost module allows businesses to distribute transportation expenses more effectively.
- Users can assign a distinct journal line for each cost type code, incorporating the voyage name in its description.
- Previously, costs from voyages with the same cost type code were consolidated into a single line in the vendor invoice journal.
- Enabled by the "Enable split vendor invoice journal line per cost type code and voyage id from multiple voyages" feature management preview.
Make soft reservations from sales orders.
- Users can now create soft reservations directly from sales orders, improving inventory visibility and order fulfillment.
- Enabled by the "Inventory Visibility integration with soft reservation on sales order lines" feature management.
Manage attribute-based omnichannel sales pricing
- This feature enhances pricing management by enabling businesses to effectively manage attribute-based omnichannel sales pricing.
- Enabled by the "Pricing management" feature management preview.
- Manufacturing and Asset Management:
Empower maintenance workers with a new mobile experience.
- A new mobile app experience is introduced for maintenance workers, providing them with improved functionality and usability.
- This feature is enabled by default in Supply Chain Management, with the required setup and configuration in Dataverse.
- Warehouse Management:
Create and print custom label layouts.
- Users can now create and print custom label layouts in warehouse management, tailoring labels to their specific needs.
- This feature is enabled by default.
Conclusion:
Dynamics 365 Finance 10.0.33 (April 2023) brings a range of new and changed features to improve the overall functionality, user experience, and security of the ERP solution. The platform updates include improved user experience, advanced reporting and analytics, enhanced security and compliance controls, integration and connectivity options, automation and workflow enhancements, and industry-specific functionality; all contribute to making Dynamics 365 Finance a powerful tool for managing financial operations.
We all like what is best for our business, and Microsoft never fails to give us what we need to improve business dynamics. As one of the Microsoft partners, we at DHRP have your business processes covered in consultancy and implementation. All you need is a quick contact with the team, and you will be sorted soon enough.
