The second wave of the Microsoft Dynamics 365 2021 release will be bringing numerous new features for the users, and these new features will undoubtedly transform the Microsoft Dynamics 365 platform.
As per the official release, you will roll out these new features in October 2021 slowly. From October 2021 to March 2022, all users will be able to explore the new features of the Microsoft Dynamics 365 platform.
The capability and performance of the Dynamics 365 applications will be enhanced and automated for streamlining the business processes. The new features will deliver better data insights, enhanced user experience, and productivity.
In today’s post, we’ll find out which new features will be released for the Microsoft Dynamics 365 platform.
Enhanced Tax Calculation Service
Tax calculation is one of the most used microservices of the Microsoft Dynamics 365 platform. This tax calculation service is 100% configurable that allows the businesses to follow the local tax rules and regulations like VAT and GST.
The tax calculation service will be integrated with other Dynamics 365 applications (core ones) for evaluating the VAT ID and tax rates during the release. The calculation designer will also be upgraded, making it more flexible and for the users. Now, the users can automatically create their desired formulae to make the processes comply with the local tax rules and regulations.
Managing The Sick Leaves Of The Staff Members
The sick leave feature of the Dynamics 365 applications isn’t much used, but it will be loaded with some more interesting features. The upcoming new features are complete management of the approval/disapproval of employees’ sick leaves, open-ended sick leave requests, sick leave reports, and return to job notices.
Better Reordering Experience In E-Commerce
You can now deliver a better consumer experience by providing the reordering feature of the previously ordered goods. It allows the users to reorder their previously purchased items without going to the actual product pages. Above all, customers also have the freedom of ordering a single item or multiple pieces of the same product. It’s a useful feature of Microsoft Dynamics 365 for e-commerce businesses.
Subcontractor Management Feature
Subcontractor management is very important to streamline the processes between you and the vendors. Using the upgraded subcontractor management feature, you can easily manage the vendor invoice clearance, subcontractor time reconciliation, and fixed-bid billing agreements.
As a result, if trades are happening between you and the vendors on a daily basis, you should undoubtedly use the subcontractor management feature.
Smart Budget Proposal
The smart budget proposal feature of the Microsoft Dynamics 365 applications allows you to use the previous data and develop the draft budget automatically. This feature is based on Artificial intelligence, where the manual work will be managed easily using previous insights.
Thus, the smart budget proposal also becomes a useful feature for the employees.
Developing Collections Activities According To The Payments Predictions
The payment predictions feature lets businesses know the insights based on which customers make timely payments and what type of invoices are entertained. These insights make the payments collection process easier and well-optimized.
By automating the payment collection process, companies know which invoices have the probability of not being entertained by the consumers. Instead of checking all the invoices, companies can set the trigger for the invoices to have the probability of late payments. This feature is again based on artificial intelligence.
Apart from these features, many others will also be added; please explore them at the earliest. These interesting features you’ll be able to access in the Microsoft Dynamics 365 applications in the upcoming weeks.