6 Key Features of Business Central 2020 Release Wave 1 That You Need to Know
Released in 2018, Dynamics 365 Business Central is an Enterprise Resource Planning (ERP) solution from Microsoft that offers SMBs a way to centrally manage all aspects of their business operations. It couples the power of a cloud-based solution with the trusted financials of Dynamics NAV. Every year, two waves of updates are released that include enhanced functionality, bug fixes, and new features. The latest release of Business Central is 2020 Release Wave 1. It was officially released April 1, with those with early access being able to preview new features from February.
This latest release centers on improvements in a number of core areas, including service fundamentals and productivity. It also features geographic expansion, more customer-requested features, and enhanced migration tools. While there are numerous new features that could be discussed, we will outline six key features that we feel are important for businesses to know.
Bank Reconciliation Improvements
The Bank Reconciliation page in Business Central now provides more space for entries within each section of the page. This allows users to gain a better overview and understanding of the bank statement lines and related bank account ledger entries. Users can also more effectively clear checks and deposits, as there is greater visibility of more lines at once.
Use Resources in Purchase Documents
External resources are valuable assets that companies often hire for particular projects or jobs. In this latest release of Business Central, users will now be able to add resources as a line type on purchase documents, including purchase orders, invoices, and credit memos. You can also correct purchase documents with resource lines, copy them, or use resource extended text. With the ability to purchase resources via the native purchasing module, companies can experience a greater streamlining of all their purchasing processes.
Receive More Items Than Ordered
Receipts of orders larger than the original quantity can now be handled without issuing a new purchase order. This is beneficial when companies receive more goods than they ordered and it’s more cost-effective to keep the additional goods rather than return them. An over-receipt tolerance can be configured, and this can be set up at the individual item level and vendor level. If your company uses purchase order approval, you can define a workflow that triggers a re-approval when over-receiving occurs.
Notify Requester about All Changes for an Approval Request
As an approval request works its way up the approval chain, this feature will notify the original requester about changes to their approval request. When the status of an approval request changes, the original requester will be notified without the need for them to navigate to their approval request entries. This helps ensure that approval requests can be processed as fast as possible.
Collapse and Expand Document Lines
Users can now fully collapse and expand the Lines tab on purchase and sales documents. Previously, the Lines tab could not be collapsed, making space on the rest of the page limited. With this new capability, users can gain better visibility and control over other parts of the page and optimize their space. Additionally, similarly to other collapsible content on the page, Business Central remembers your last preference by storing it on your device.
Enhanced Customer and Vendor Document Layout
n this update, users can now save time while sending documents to different customer or vendor contacts by setting up specific contacts to use with specific documents. For example, customer statements will be sent to accountant contacts, sales orders to your customers’ purchasers, and purchase orders to vendors’ salespeople or account managers. This latest feature will be particularly useful if your business engages with multiple contacts for a given customer or vendor.
Business Central 2020 Release Wave 1 features a load of functionality improvements and customer-requested features that can save companies time and money. We have highlighted six key features included in this update that will enhance the way organizations conduct their daily business. For existing Business Central customers, you will schedule and configure your system upgrade with your partner. For those that are using legacy systems such as Dynamics NAV, Rand Group can assist you with upgrading to Business Central. Upgrading will enable you to take advantage of the cloud functionality and enhanced product capabilities that Business Central offers. For more information about Business Central, contact one of our team members today.
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