8 Updates for Dynamics 365 in the 2020 Release Wave 2
The second Microsoft Dynamics 365 2020 Release Wave 2 is near!
For that reason, in this blog, I am going to briefly display what I consider the eight most important updates that are going to be released in October 2020 for Dynamics 365 Finance and Supply Chain Management
Dynamics 365 Finance
1. Cash flow forecast calculation – enhanced scheduling (via process automation)
It allows you to schedule the calculation of cash flow forecasts, which eliminates the manual process and helps ensure that the cash forecasts are generated at the ideal times.
This was added to the process automation framework. It’s used to schedule the cash flow calculation job and monitor its status while the job is in process.
2. Regulatory Configuration Service: Simplified Globalization feature management for Globalization services
Enables business and users to configure regulatory reports, e-invoices, payment formats, tax rules, and others, which are often affected by shifting legal requirements, into one centralized service.
Globalization feature functionality was built to support packaging related artifacts into a bundle which defines a product-functional capability and supports the following capabilities:
- Discover and access Microsoft-produced Globalization features.
- Review and configure related feature components, including electronic reporting format configurations, processing actions, and corresponding parameter setup.
- Deploy their configured Globalization feature for use in Globalization services like the e-invoicing service.
- Centrally store and share their Globalization features with their organization.
- Share their Globalization features directly with external organizations.
3. Financials embedded Power BI is enhanced and renamed
Editing capabilities and resolution of a prior data model issue are going to be added to the financial analytical workspaces
The enhancements to Financials Power BI include the following:
- Renamed menu items to Financial analysis – current company and Financial analysis – all companies to clarify capabilities.
- Enabled the edit function for embedded Power BI reports.
- Addressed an issue that incorrectly applied company security on the All companies report.
- Addressed a data model issue that incorrectly used values from the accounting distribution tables
4. Country/region expansion to Bahrain, Hong Kong SAR, Kuwait, Oman, and Qatar
Globalization for Bahrain is now available out-of-the-box. The country-specific functionality includes:
- Reverse charge
- VAT declaration and VAT details (VAT payer sales template and VAT payer purchase template)
- Invoice and credit note
- Invoice issue deadline
- The user interface in the Arabic language
Globalization for Hong Kong SAR is now available out-of-the-box. Globalization functionality includes:
- The user interface in English (Traditional Chinese is not supported)
- ISO 20022
Globalization for Kuwait is now available out-of-the-box. Globalization functionality includes:
- Reverse charge
- User interface in the Arabic (Kuwait) language
- Business value
- Globalization for Oman is now available out-of-the-box as part of Dynamics 365 Finance.
- Feature details
- The globalization functionality for Oman in this release includes:
- Reverse charge
- User interface in the Arabic (Oman) language
Globalization for Qatar is now available out-of-the-box. Globalization functionality includes:
- Reverse charge
- User interface in the Arabic (Qatar) language
Learn about all the updates by downloading the eBook
Dynamics 365 Supply Chain Management
1. New user experience for production floor execution
The new production floor execution interface provides workers with a new user experience for shop floor execution. It will help workers manage and record production activities. It helps improve throughput, decrease scrap, and defect ratios, and reduce work in progress.
The new interface serves the same function as the current job card device but is optimized for touch interaction and with enhancements that improve user experience, including:
- Work on multiple jobs: Shop floor workers can select and start and create numerous jobs at the same time, even while continuing to work on other jobs.
2. New inventory dimensions for product version tracking and enhanced extensibility
Introducing a new standard inventory dimension (Version) and two new generic inventory dimensions (InventDimension11 and InventDimension12).
- Version
A product dimension that is intended to help you maintain and track multiple versions of a product throughout the supply chain. It will behave similarly to the existing product dimensions of size, style, color, and configuration, so you could also choose to use it for purposes other than tracking product versions.
- InventDimension11 and InventDimension12
String-based inventory dimensions increase the number of generic inventory dimensions from 10 to 12. This enhances the application capabilities through extensions providing more flexibility for partners and ISVs
3. Landed cost and inbound transportation management
Enable shippers to manage their inbound process actively using the new landed cost and inbound transportation management solution. The feature provides many benefits, including:
- Accurate and timely costing.
- Increased financial and logistical visibility into the extended supply chain.
- Streamlined receiving processes.
- Landed cost prediction for an item, which enables improved and more agile decision making.
- Reduced administration and costing errors.
- Maximized item profitability.
- Reduced internal follow-up calls from sales, customer service, logistics, and purchasing.
- Improved warehouse planning through better visibility.
- Improved customer service through immediate visibility of stock delays that impact customer deliveries.
- Enhanced sourcing competitiveness.
4. Planning optimization enhancement
- Approval of planned orders: To ensure changes will be kept in the next master-planning run.
- Time margins: As part of the lead time calculation, safety margins will be included.
- Forecast sub-models: Demand from forecast can include forecast sub-models.
- Support service items: To avoid supply suggestions for service items, service items will automatically be filtered out during master planning
- Purchase requisitions: Demand from purchase requisitions will be included.
- Intercompany planning: Plans include planned intercompany demand from other companies (legal entities) where batch jobs need to be coordinated manually to provide the desired result.
Thank you for reading this blog! I hope you find it useful and help you to be ready for the upcoming updates for Dynamics 365 Finance and Supply Chain Management!