"New features coming soon to Microsoft Dynamics 365 "

New Features in the Microsoft Dynamics 365 2021 Release Wave 2

The second wave of the Microsoft Dynamics 365 2021 release is set to introduce numerous new features that will undoubtedly transform the Dynamics 365 platform. According to the official release, these features will gradually roll out starting in October 2021, with full access for all users expected by March 2022.

The enhancements will improve the capabilities and performance of Dynamics 365 applications, streamlining business processes and delivering better data insights, enhanced user experience, and increased productivity. In today’s post, we’ll explore the key new features coming to the Microsoft Dynamics 365 platform.

1. Enhanced Tax Calculation Service

Tax calculation is one of the most utilized microservices on the Microsoft Dynamics 365 platform. The enhanced tax calculation service is 100% configurable, allowing businesses to comply with local tax regulations, such as VAT and GST.

• The service will integrate with core Dynamics 365 applications to evaluate VAT IDs and tax rates automatically.
• The calculation designer will be upgraded to enhance flexibility, enabling users to create custom formulas that align with local tax regulations.

2. Managing Sick Leaves for Staff Members

While the sick leave feature in Dynamics 365 applications hasn’t been widely used, it will soon be equipped with new functionalities, including:

• Complete management of sick leave approval/disapproval processes.
• Support for open-ended sick leave requests.
• Comprehensive sick leave reporting and return-to-job notices.

3. Improved Reordering Experience in E-Commerce

To enhance customer experience, Dynamics 365 will introduce a reordering feature for previously ordered items. This feature allows users to reorder items without navigating back to product pages. Customers can choose to reorder single items or multiple quantities of the same product, making it a valuable tool for e-commerce businesses.

4. Subcontractor Management Feature

Efficient subcontractor management is crucial for streamlining processes between businesses and vendors. The upgraded subcontractor management feature will enable users to:

• Manage vendor invoice clearance.
• Reconcile subcontractor time.
• Handle fixed-bid billing agreements.

This feature is particularly beneficial for businesses that engage in daily trades with vendors.

5. Smart Budget Proposal

The smart budget proposal feature utilizes artificial intelligence to automate budget drafting based on historical data. This innovative tool allows employees to reduce manual effort by leveraging previous insights to create budgets efficiently.

6. Collections Activities Based on Payment Predictions

The payment predictions feature provides valuable insights into customer payment behaviors and the types of invoices they are likely to pay on time. This helps optimize the payment collection process by:

• Automating payment collections based on predicted customer behavior.
• Identifying invoices that may not be entertained, allowing companies to set triggers for those likely to result in late payments.

This feature, powered by artificial intelligence, streamlines the collections process and enhances overall efficiency.

Final Thoughts

In addition to these features, many more enhancements will be introduced, so be sure to explore them as they become available. You’ll soon have access to these exciting features in Microsoft Dynamics 365 applications in the upcoming weeks.

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