The philosophy behind the changes in Microsoft’s October 2018 Release for Dynamics 365 is: Focus on the Fundamentals. The latest improvements center on the user experience. Business users like you can better share data and generate custom reports. Personalization helps you to only work with the functionalities that you need, making your dashboard streamlined and efficient.

Increased productivity from customized dashboards, fields and reporting lend itself to improved audibility. These optimized features makes it easier to stay in compliance to different regulations that your business needs to adhere to.

This blog post highlights how Microsoft’s October 2018 release for Dynamics 365 for Finance and Operations have improved the user experience for Financial Management, Public Sector and Supply Chain Management.

Financial Management

New tweaks to financial management makes workflows easier and personalization options are now even more customizable. Manage your margins more effectively and reduce time consuming routine tasks with more automated workflows. Eliminate or minimize bad debts, improve cashflow and provide new account risk management with new enterprise credit management features.

Get the information you need to gain insight from your reports. For example, with the October release user interface, you don’t have to dig through several screens to get the context of a settlement. Everything is in one view instead.

Additionally, new capabilities makes revenue recognition management makes it easier to comply with International Reporting Standards 15 and Accounting Standards Codification 606. These capabilities handle deferred revenue, subscriptions and renewals, recognition schedules, and forecasting and reporting.

Public Sector

New functionalities make it easier to reconcile general budget reservations and encumbrances. You can easily enter data and see where funds are allocated. New features in October’s release of Dynamics 365 helps you save time in budget planning set up for the next budget cycle and fiscal year. One such function is the ability to post advanced ledger entries as previous year transactions. Especially helpful for entities that separate their fiscal year carry-forward budgets from current year operating budget.

The new release boasts enhanced capabilities for tracking vendor information and transactions with vendors. To start, added features help facilitate efficient purchase order workflow to streamline the requisition process. Dynamics 365 now validate duplicate vendor entries to avoid duplicate records in your vendor file. And tracking electronic payments is now easier with the October 2018 release. Last but not least, it’s now easier to collaborate with vendors, such as in the areas of bid guidance or bid alternates.

Supply Chain Management

Accurately capture inventory data while identifying and preventing data inconsistencies. Enhanced workflows improves performance in managing large volumes of inventory.

Some business processes require adjustments to inventory and to the general ledger at the end of each month. Instead of running an inventory close, you can run an inventory recalculation. During inventory recalculation, on-hand inventory is adjusted, inventory transactions are adjusted, and inventory recalculations and inventory closes are run. These tasks affect any ledger account that is linked to the original inventory transaction.

New capabilities refactors the approach to calculating and reporting on-hand inventory to allow for a far more responsive experience.

Want to learn more?

For more details on the full October 2018 release notes for Microsoft Dynamics 365 for Finance and Operations, read more here.