Microsoft Dynamics 365 Business Central has long been a trusted solution for businesses seeking to streamline operations and enhance efficiency. With the upcoming 2023 Wave 2 update, Business Central is poised to deliver a trio of game-changing features that will improve how global organizations manage their processes. Let’s delve into the top three features that have us buzzing with excitement, and explore the remarkable benefits they bring to corporate users.
Intercompany Transactions and Consolidations Across Different Production Environments
Managing intercompany transactions and consolidations has often been a complex and time-consuming process for multinational corporations operating across diverse geographical locations. The Wave 2 2023 update introduces a groundbreaking feature that allows these organizations to seamlessly execute intercompany transactions and consolidations across different production environments, eliminating the need for laborious file import and export procedures.
Benefits:
- Enhanced Efficiency: Organizations can drastically reduce manual intervention by facilitating intercompany transactions and consolidations directly across different production environments, resulting in faster and more accurate financial processes.
- Localization Flexibility: Global companies can operate their entities in the most suitable production environment localization without compromising on streamlined intercompany operations.
- Real-time Insights: The elimination of file-based transfers ensures that financial data is updated in real-time, providing decision-makers with accurate insights for timely strategic decisions.
Navigate to Data Search from Anywhere in Business Central
Quick access to relevant data is crucial for making informed decisions in today’s fast-paced business landscape. The new “Get to Data Search” feature takes Business Central’s usability to a new level, enabling users to effortlessly search for database records such as customers, sales documents and payments from the global search bar, regardless of their location within the platform.
Benefits:
- Time Savings: Users can swiftly locate specific records without navigating through various menus or to the particular page on which the record is stored, saving precious time and boosting overall productivity.
- Intuitive Navigation: The unified search capability enhances the user experience by providing an intuitive and consistent method for accessing data across the application.
- Reduced Friction: With data at their fingertips, users can respond promptly to customer inquiries, resolve issues faster and ensure smoother interactions.
Barcode Scanning Added to iOS/Android Business Central Mobile Application
In the modern world of business, mobility is paramount. Including barcode scanning functionality in the iOS and Android versions of the Business Central Mobile Application is a game-changer for organizations seeking to optimize inventory and warehouse management processes.
Benefits:
- Efficient Inventory Management: Barcode scanning allows users to quickly update inventory levels, track shipments and manage stock movements, reducing errors and minimizing stockouts, right from their mobile device.
- Reduced Dependence on Add-ins: The built-in barcode scanning capability reduces the reliance on third-party Warehouse Management System (WMS) add-ins, resulting in cost savings and simplified management.
- Consistency with Power Apps: As barcode scanning is also available in Power Apps, organizations can easily add on additional needs or set up quick User Interfaces specifically for their Inventory and warehousing teams.
The Power and Potential of Business Central
The Microsoft Dynamics 365 Business Central 2023 Wave 2 update brings forth a trio of features that hold immense promise for businesses seeking to enhance their operations, streamline their processes, and achieve higher levels of efficiency. The ability to conduct intercompany transactions across different production environments, the intuitive “Get to Data Search” feature and the barcode scanning functionality in the mobile application all contribute to a more seamless, agile and effective way of doing business. As this update ushers in a new era of capabilities, companies leveraging Business Central will undoubtedly find themselves better equipped to navigate the complexities of the modern business landscape.
The Wave 2 release is expected to be available for Sandbox preview in September 2023, with a Production release date expected in October 2023.
Contact Us
Be sure to reach out to Withum’s Microsoft Dynamics 365 Business Central Team in advance so we can ensure you can test these features out in your Sandbox before the public release.
