Financials

This topic lists features that are planned to release from October 2019 through March 2020. In the General availability column, the feature will be delivered within the month listed. The delivery date can be any day within that month. Released features show the full date, including the day of release.

The 2019 release wave 2 focuses on insights and digital transformation in finance and supporting a data driven economy.

Insights and digital transformation CFOs want and expect a world-class system that lets them intelligently analyze financial data. Insights into when a customer will pay show users what the risks and benefits are and allow them to focus on making strategic decisions instead of manually analyzing data.

 

1. Data-driven organizations

Microsoft has introduced transaction types for specific journal scenarios, and the data model has been changed to reflect the new types. This change is critical because it communicates the intention of a specific journal entry, which is an open and over-flexible experience today. By understanding the intention and being able to get to key attributes of a transaction, analytics and reporting light up, giving users functionality they need to perform day-to-day activities. Regulation around reporting on the leasing of assets is today a manual and external process. Acquiring the fixed-assets solution provides an automated way to track and report on this accounting standard.

 

2. Business Values

<> Cash-Flow-Forecast

Optimizing cash flow is critical for any organization. Having insights into when a customer will pay helps to forecast one part of cash flow and reduce risk.

  • Pre-predictions to run predictions in batch and save prediction data in Dynamics 365 FO
  • Embed predictions on list pages and workspaces
  • Predictions per invoice – Open invoices list page
    • Collections details
    • Collections workspace
    • Customer transactions
    • Settle customer transactions
    • Customer invoicing workspace
    • Customer payments workspace
    • All free text invoices
    • All sales orders
  • Predictions per customer
    • All customers
    • Customers on hold
    • Customers past due
    • Aged balances
    • Collections details
    • Collections workspace
    • All sales orders

<> Select consolidation amount from” control on the consolidate online for dual currency consolidation

This features helps you control the currency (either the accounting or reporting currency) that’s used as the transaction currency in the consolidation company and can automatically copy amounts from the source company to the consolidation company if the currencies are the same.

<> Cancel bank reconciliation

Users will be able to cancel bank reconciliations in chronological order of reconciliation starting with the most recent. History is tracked to show when and by whom the reconciliation was reversed. This will prevent users from having to manually adjust journals to correct any errors that occurred during the periodic process.

<> Create checks with a Blank status on the Checks page

<> Revenue Recognition

<> Credit Management

Enterprise credit management will proactively suggest credit control activities, thereby improving cashflow, reducing bad debts, and providing insight and controls that help you manage credit risks while ensuring that customers have the flexibility to take advantage of promotions and make the purchases they need.

<> Reverse Journal Posting

Reversals have been improved to let you reverse multiple general journal lines or an entire general journal. From the voucher transaction page, you can reverse a limited number of subledger journal entries. You can also reverse subledger journal entries from the accounting source explorer. This enhancement makes a common process easier to complete and more efficient.

<> Automatic Ledger settlement

Rules filtering The ledger settlement rules let you define the way transactions are filtered. You’ll be able to select accounts, dimensions, and other criteria that will define your filter. You can then apply the rule to your ledger transactions and preview the results before matching.

Automatic matching The ledger settlement rules also let you select from a list of criteria such as accounts, dimensions, and posting types that define the transactions to match. When you add the rule to your ledger transactions, not only will the filter be applied, but the matching transactions will be selected for settlement. The process will also be available for processing in batches.

Rules filtering and automatic matching help automate a process that’s completed periodically, ensuring that it’s completed efficiently and consistently, and frees your staff to work on more strategic tasks.

<> Billing schedules

Billing schedules let you create flexible billing rules against customer sales orders. For example, you can define a different billing schedule for each line of a sales order. Currently, you can use payment schedules to immediately post the full amount of a sale to accounts receivable distributed over the periods defined in the payment schedule. Billing schedules post the full sale amount to unbilled accounts receivable and then create invoices based on the billing schedule. Each invoice will create an accounting entry to move the balance from unbilled accounts receivable to accounts receivable. This lets future periods remain on hold until the invoice is posted.

<> Intelligent insights in financials

Organizations often find it challenging to predict when customers will pay their invoices. This lack of insight can lead to inaccurate cash flow forecasts and inefficient collection processes. Customer payment insights (preview) will uses machine learning to predict when an invoice will be paid. Organizations will be able to use these payment predictions to make collections proactive and improve the accuracy of cash flow forecasting.

 

3. Configurable reporting in Word and Excel

One of the top pain points reported by customers is the absence of a business user experience to customize printable business documents. By using Microsoft Office-based and PDF templates, we provide customers with predefined documents in the most familiar tools available in the market to customize business documents. This also opens the door to create a marketplace around standard and regulatory business documents that are tailored for specific industries or regions not covered by Microsoft Dynamics 365 for Finance and Operations

This functionality delivers well-designed Microsoft Word and Microsoft Excel template capabilities in phases.

<> Accounts receivable

  • Collections letter note
  • Customer account statement
  • Interest note
  • Payment advice
  • Sales agreement confirmation
  • Sales order confirmation
  • Sales order packing slip
  • Sales quotation
  • Sales quotation confirmation

<> Accounts payable

  • Payment advice
  • Purchase advance invoice
  • Purchase agreement confirmation
  • Purchase order
  • Purchase order packing slip
  • Purchase order purchase inquiry
  • Purchase order receipts list
  • Request for quotation
  • Request for quotation – accept
  • Request for quotation – reject
  • Request for quotation – return
  • Vendor invoice

<> Project

  • Customer retention release
  • Project invoice with billing rules
  • Project invoice without billing rules
  • Project quotation
  • User-defined project invoice

<> Inventory

  • Picking list (order)

…Last updated June 26, 2019. This Text is provided “as-is.” Information and views expressed in this Text, including URL and other Internet Web site references, may change without notice. You bear the risk of using it. Some examples are for illustration only and are fictitious. No real association is intended or inferred. This document does not provide you with any legal rights to any intellectual property in any Microsoft product. You may copy and use this document for your internal, reference purposes.

Quelle: Microsoft AG, 2019 Release Wave 2 Plan

Author

Alexander Nassl
Alexander ist ERP Berater für Dynamics365 im Bereich Finanzen & Controlling. Neben akademischen know-how hat er einige Jahre praktische Erfahrung auf der Fläche und im ERP Geschäft und verhilft unseren Kunden so zu grösserem Unternehmenserfolg.