Microsoft Dynamics 365 Business Central 2024 Wave 2 Release

The second Business Central update of the year has been released with the commitment to improve Business Central's core functionality, enhance user experience, and help businesses adapt faster.

In Release Wave 2 for Business Central, several innovative features have been introduced, like completing tasks faster with Copilot, real-time data synchronization with the auto-apply template, and staying compliant with ease.

We will explore all the key features and how these features can be beneficial for your business in this article.

Exploring What’s New with Wave 2 Release

Microsoft has improved various features and functionality across the different areas. Many features have been added to the software for improving productivity. It has also expanded the copilot capability to help users do more with less effort. Let’s see key Business Central cumulative updates in detail:

Auto-Apply Templates for Dataverse Synchronization: Seamless Operations

Users can now synchronize data between Business Central and Dataverse and automate template selection based on pre-established rules after the upgrade. This guarantees consistency across systems, saves time, and requires less manual labor.

Data handling between Business Central and Power Platform is made easier by these functionalities. It shortens the time needed for data management, lowers the possibility of mistakes, expedites data synchronization, and facilitates quicker decision-making.

For instance, data from Dataverse can automatically apply particular templates depending on whether the customer is native or foreign. This ensures more efficient business operations by streamlining data integration, lowering manual setup, and saving money.

Manage Subscription Billing: Enhanced Accuracy in Revenue Recognition

With the new tools for subscription billing, businesses can now control the recurrent billing schedules for goods and services. For businesses that provide subscription-based services, it also improves financial management by automating revenue recognition and streamlining contract changes.

Businesses can accurately recognize revenue in accordance with accounting standards and manage complicated billing circumstances, including subscription services, with efficiency.

The billing cycle is automated by this function, which lessens manual labor and enhances cash flow management. For businesses that offer different subscription tiers or manage numerous user accounts, this is essential.

Copilot AI for Automating Sales Lines and Bank Reconciliation: Saves Time

Businesses can now take advantage of Copilot's AI-driven sales line recommendations after the Business Central update. This reduces human input and enables your sales teams to produce orders or quotations fast. It results in quicker response times and faster processing of sales.

Similarly, finance teams also take advantage of AI-assisted reconciliation, which is quick. This helps organizations keep accurate financial records, reduces the possibility of human error, and expedites financial closure procedures.

Furthermore, Copilot has been enhanced to produce concise record summaries, assisting users in rapidly comprehending important data points. Based on condensed business data, this AI-driven support improves efficiency and enables better decision-making.

Improved Power BI Integration: Enhanced Reporting

The Wave 2 update in Business Central enhanced integration capabilities with Power BI. This allows businesses to leverage out-of-the-box reports for advanced data analysis. Business can quickly access critical data insights related to fixed assets, projects, and services without extensive setup or customization requirements.

The ability to use advanced settings in the Power BI connector allows businesses to create customized reports and dashboards that provide clear visibility into financial performance, project status, and resource allocation.

Azure AI Document Intelligence: Automated Data Entry from Invoice and Receipts

Businesses can now automate the data extraction process from bills and receipts by integrating Business Central with Azure AI Document Intelligence. The feature can reduce the human workload for accounts payable teams by automating common document processing processes. This lowers inaccuracies in financial records and improves the efficiency of managing invoices and receipts.

Data about invoices and receipts is automatically captured and entered. This helps firms process payments more quickly and cuts down on the amount of time spent on human data entry. As a result, financial documents are guaranteed to include fewer errors, producing more accurate accounting records and fewer audit discrepancies.

Enhanced Field Service Integration: Improved Customer Satisfaction

The Wave 2 release enhanced Field Service integration with Business Central. This empowers better synchronization of work orders and service tasks. This feature allows

Businesses can manage service documents, track consumption, and create invoices with ease using the new feature. This ensures accurate financial records and smooth operations for technicians and managers alike.

In addition to this, you can enable better coordination between field technicians and back-office operations. You can also improve the efficiency of service delivery with real-time inventory tracking, scheduling, and task management.

By leveraging enhanced integration, businesses can respond to customer requests faster, reduce service downtime, and optimize the scheduling of field service tasks. This results in enhanced customer service and retention.

Shopify Integration Enhancements: Streamlined E-commerce Operations

New features allow businesses to export posted sales invoices to Shopify and manage shipping fees to get better control over the operations. It also ensures seamless synchronization between Business Central and Shopify. This ensures that businesses can efficiently manage inventory, sales, and shipping, leading to a more streamlined workflow.

With better visibility into sales and inventory data, businesses can fulfill orders faster and avoid stockouts, leading to higher customer satisfaction and improved operational flow.

In addition to this, the enhanced Shopify integration after Wave 2 release allows you to automate sales invoice exports, manage shipping fees, and reconcile transactions efficiently in Dynamics Business Central. You can also manage multiple payment methods, such as gift cards and PayPal, using synced entries. This simplifies accounting and reporting processes.

Replenish Items for Projects: Prevents Project Delays

Maintaining inventory levels can be difficult for companies running large-scale projects. With the help of this feature, project managers may automate item replacement and guarantee that supplies are constantly on hand for current initiatives. This lowers downtime and guarantees that projects are completed on time, which benefits businesses by increasing output and cutting expenses.

The Wave 2 release includes a new feature that makes item replenishment automated. Businesses may guarantee that there is an adequate supply of supplies, tools, and resources during project execution by utilizing this capability. This reduces downtime and guarantees that projects stay on schedule and under budget.

When stock levels drop, the system triggers automated reordering. This ensures smooth project execution without the need for manual intervention.

Leverage these Features Effortlessly with Dynamics Square

The Wave 2 Business Central update has added various features across the area to help businesses operate more efficiently. For example, it enhanced Copilot capabilities within Business Central, enables seamless data synchronization between Business Central and other platforms, like Shopify, Dataverse, and Power Platform, and allows to create accurate reporting.

These features can boost your business operation; however, a Microsoft Solution Partner like Dynamics Square is essential to leverage these functionalities in the best possible way. We are a leading solution provider in Vancouver with 14+ years of experience. Our team of experts helps you understand which update is valuable for your business and helps you utilize this in the best possible manner.

Get in touch with our expert at +1 778 381 5388 or write us an email at info@dynamicssquare.ca.