Tag Archives: Dynamics 365 Tenerife

Microsoft Dynamics 365 Business Central: Release in April

Microsoft announced the official name and release date of its new cloud ERP solution. Dynamics 365 Business Central will officially be available in April.

The cloud-based all-in-one business management solution, which was formerly known as Dynamics 365 “Tenerife”, will have the full functionality of Microsoft Dynamics NAV. The On-Premise version will continue to exist.

Starting April 2nd, Dynamics 365 Business Central will be available in 14 countries (including Germany) in two price packages: “Essential” and “Premium”. The “Essential” version contains all the key modules, such as those required for finances, operations, sales and customer service, as well as human resources, project and supply chain management, whereas the “Premium” edition has additional modules for service order management and manufacturing.

Business Central is intended to upgrade entry-level accounting software and ERP legacy systems easily and quickly. Updates are performed automatically by the cloud solution to eliminate complex upgrade processes. The basic functionalities integrate with other Microsoft cloud services (e.g., Office 365) and can be customized and extended with PowerApps, Microsoft Flow, and Power BI for specific, growing, and changing business needs.

Microsofts’ primary goal is to create a flexible cloud platform through automated tasks and workflows (using familiar tools such as Office, Outlook, Word, and Excel), networked data and intelligent technologies to offer users a standardized and efficient way of handling business transactions. The created company networking will be helpful to make informed decisions. Dynamics 365 Business Central has also a new modern user interface to provide a better overview and increase productivity.

Dynamics 365 Business Central
Dynamics 365 Business Central comes with a new modern user Interface (Source: Microsoft)

With the enhanced user experience, its extensibility, and the full functionality of Dynamics NAV, the all-in-one business management solution offers many benefits – particularly for companies, which are looking for a flexible solution that grows and changes with them just as their requirements.

Digital transformation – in business applications as well?

Commercial applications have not been left out of the discussion on comprehensive digitization of our environment. While digital solutions are only now starting to take up a central and active role in numerous areas of our everyday life, e.g., autonomous driving, many operations of all serious companies and industries have been inconceivable without IT for a long time. In fact, these companies were the driving force behind IT development long before the private sector.

Digital Transformation with Dynamics 365

Today’s digital transformation is not just about technology. Rather, it entails a comprehensive strategy that puts organizations and business models to the test of implementing new ways of interacting with people, data, and processes. A significant part of the added value will be in the digital sector in the future. This has consequences, not least for business software. The roots of many ERP systems still date back to the 1980s and the systems have continuously been adapted over time to suit the respective requirements. Another update will not be enough to adapt the software to meet today’s requirements for the comprehensive digitization.

Why do we also have to rethink our business software?

Today customer relationships work more differently than a few years ago. The market transparency is many times higher and the opportunity to operate internationally has become much easier – competition is diverse. That makes it even more important to establish a stable and reliable cooperation with our customers, that guarantees the same level of quality across different situations. Studies foresee that the “customer experience” in dealing with a company is becoming increasingly important and will soon be just as relevant as “price” or “brand”.

Skills shortages are not an industry-specific problem. Our corporate resources are limited and the productivity of each employee is critical. Fast training, project-oriented way of working instead of controlled routines and teamwork across different locations are the keywords that now set the bar for the IT infrastructure of a company. Attractive workplaces must be modern and meet the desire for flexibility and mobility, which knows a new generation of private software usage habits.

Technology enables speed and flexibility. In today’s environment, the features a software should keep are changing fast. New business models emerge and increase competition constantly. Many companies are forced to act, to stem the loss of market share at least. Companies that offer their own new and better IT-based services can gain new customers quickly and offer well-targeted and individual products and services. With Dynamics 365, Microsoft has rethought the conventional ERP and CRM concepts and launched a solution that is well suited for a modern business applications architecture.

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Microsoft Dynamics NAV 2018 – Feature Highlights

As announced at the previous Directions, the latest version of Microsoft’s ERP system Dynamics NAV 2018 has been released on the 1st of December. The new version contains several new features and improvements.

Dynamics NAV 2018 - Feature Highlights

Aside from improved Office 365 integration and several new general features, the changes mainly concern financial accounting and inventory management. The most important enhancements and improvements at a glance:

General new features
With the new version, the user is fully supported during setup and configuration by various setup wizards accompanying the user step by step in defining the parameters for a certain module or area. In addition, all classic setup pages can now be called at one single place, categorized by area. Another new feature is the ability to change the role center directly in the Web Client without logging off and to create user task lists that – similar to Outlook – can pint to certain ERP-specific tasks, support prioritization and repetition, and can be connected to defined pages or reports. Version 2018 also allows the user to generate a PDF preview of reports in all major browsers (previously only Internet Explorer).

New financial accounting features
In financial accounting, dimension filters can now be applied to all dimensions. These are available, among others, in the chart of accounts, general ledger, accounts payable and receivable. Certain Excel reports, such as balance sheets, profit & loss, cash flow statements or traw balance sheets, can now also be constantly updated via Excel. Moreover, lists (e.g. journals) can now be accessed in Excel and changes written back, taking business logic into account. Both require an Office 365 account. Dynamics NAV 2018 also offers an additional subledger for employees with individual “employee” ledger entries as well as an account type “employee” in the general journal (e.g. for settling travel expenses). In addition, the new Accountant Hub provides cloud-based support for external accountants.

New inventory features
Dynamics NAV 2018 surcharges based on gross weight and volume can now be assigned. Gross weight and volume are taken from the item card and units are converted based on this information. Another new addition is the opportunity to adjust vendors with OCR for an even more accurate recognition of invoices. Moreover, items can now be classified (category and further attributes) based on images (using a cloud-based Azure Machine Learning Algorithm).

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Microsoft Dynamics 2018 in December – Dynamics 365 “Tenerife” follows in spring

On Directions EMEA 2017 in Madrid, Microsoft brought more clarity into its release plans and published the latest roadmap for its products.

The release of the new On-Premise NAV version is scheduled to take place on December 1st this year named Dynamics NAV 2018. Another release – Dynamics NAV 2018 R2 – will be launched in spring 2018, just like the full-featured Cloud/SaaS variation, which is still known by its codename Dynamics 365 “Tenerife”. With the replacement of the preliminary product title, a renaming of the products can be expected.

Microsoft Dynamics Roadmap
Source: Microsoft

For the upcoming releases Microsoft announced again some interesting innovations and improvements. These include an even more intensive Office 365 integration (e.g. through the Common Data Service and the possibility to edit book sheets in Excel), an optimization of the Web Client and the visual appearance (e.g. personalization of the workspace) as well as new Standard Web Service APIs.

More information and details will be posted soon on this blog. All important product news will be also available for our customers and interested parties on our Business Day 2017.