Microsoft Dynamics 365 Business Central 2024 is an all-in-one modern ERP solution for small and medium-sized businesses. All modules in BC work for SMB sector businesses of any type. Microsoft regularly provides updates to this business solution and also makes it easy to integrate with any software or applications. It deeply integrates with any Microsoft application standard setups or is built-in with a system that makes it easier to work. As you all know, Microsoft is one of the earlier companies that provided Purchase Orders or Sales Orders directly from the Outlook feature. With the help of that, a lot of people’s work lives become easier, and they are able to work directly from Outlook, especially senior management. I am not elaborating on all of these here; you may check our various posts related to that to get an idea on the same. Read: Navision History
Microsoft regularly updates their solution to keep it up-to-date with market trends and customer needs. They also take feedback from customers, considering features with the highest votes, and deliver solutions accordingly from the beginning. Business Central provides two major product releases, one in April, known as Wave 1, and another in October, called Wave 2. In addition to these updates, Microsoft also offers monthly regular updates and bug fixes. Users on the cloud interface receive direct regular updates, while those using the on-premise product need to update manually. So, it’s always better to choose the cloud, but both options have their pros and cons. If anyone requires a detailed comparison, please respond to me in the comments, and I will be happy to provide the same.
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Microsoft Business Central 2024 Release Wave 1
The Microsoft Business Central 2024 Release Wave 1 is also referred to as ‘Dynamics 365 Business Central 2024 April Wave 1‘ and is associated with the version name for the upcoming major release, which is BC 24.
BC 24 / Business Central 2024 Wave 1 April Edition : Release Date
As of today, the release date for BC 24 / Business Central 2024 Wave 1 April Edition has not been officially announced. However, based on the usual trend, we can expect it in the first two weeks of April 2024. We will inform you as soon as we receive any updates. Therefore, don’t forget to bookmark this post. We will also make an effort to update it as soon as any related announcements are made.
Expected Features Available on BC 24 – Business Central 2024 Wave 1
At the Directions EMEA 2023 conference, Microsoft showed a sneak peek of what’s coming in Microsoft Dynamics 365 Business Central 2024 Wave 1. They talked about four main things:
- Core functionality
- AI and collaboration
- Ease and speed of implementation
- World class service
Following are the details for the same
Core Functionality:
Finance:
- G/L (General Ledger): Enhanced capabilities for managing financial transactions and reporting.
- A/R & A/P (Accounts Receivable & Accounts Payable): Improvements in handling customer and vendor transactions.
- Regulatory Reporting: Compliance features for meeting regulatory requirements.
- More ‘Out-of-the-Box’ Reports: Additional pre-built reports for easier financial analysis.
- Improved Report Explorer: Enhanced tools for exploring and generating reports.
- Developers Can Create Analytics Views: Empowering developers to design custom analytics views.
- Analysis Model ‘Peek’: A sneak peek into the analysis model for better insights.
- Sustainability Reports: Introducing reports focused on sustainability metrics.
Supply Chain:
- Introduction of Field Service: New functionalities introduced in the supply chain, specifically in the field service domain.
AI and Collaboration:
- Generative AI: Advancements in AI-driven copilot capacity.
- Bank Reconciliation with GA: AI assistance in bank reconciliation processes.
- Chat with Dynamics 365 Copilot: Collaboration features with the AI copilot.
- Developer Tools for Copilot: Tools provided to developers for enhancing copilot functionality.
- More Features on the Way: Continuous development and expansion of AI features.
Microsoft 365 Integration:
- Improved Visibility and Usability: Enhancements for better user experience and ease of use.
- Easy and Quick Implementation: Streamlined onboarding processes for faster application adoption.
Ease and Speed of Implementation
Geographic Expansion:
- Inclusion of More Countries: Expanding the availability of Dynamics 365 Business Central to additional countries.
User Experience:
- Add a Field: Enhanced customization with the ability to add fields.
- Drag and Drop Multiple Files: Streamlined file management through drag-and-drop functionality.
Power Platform:
- Power BI Dashboards for Core ERP: Integration with Power BI for comprehensive ERP dashboards.
- Intelligent Power Automate Workflows and Approvals: Enhanced automation capabilities for workflows and approvals.
- More Data and Business Events Exposed: Increased accessibility to data and business events.
World-Class Service:
- Basic Service: Continued focus on improving application performance, stability, resource management, security, and compliance.
- Performance Optimization: Enhancements to optimize system performance.
- Improved Scalability: Improved ability to scale resources based on business needs.
- Reliability Service: Ensuring consistent and reliable service.
- High Degree of Availability: Maintaining a high level of system availability.
- Effective Development:
- Drag and Drop API for AL: Simplified development with drag-and-drop API for AL.
- No Friction in Testing App Dependencies: Streamlined testing processes for application dependencies.
Administration:
- More Granular Access to Management Environments: Fine-tuning access controls for better administration.
- Advanced Data Protection: CMK and Lockbox: Introducing advanced data protection features such as Customer-Managed Keys (CMK) and Lockbox.
- Audit in Microsoft 365: Incorporating auditing functionalities within the Microsoft 365 environment.
As of now, there is very little information available on this, but as soon as we get more information, we will post it here for your convenience.
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