Upcoming Key Features of the Release Plan
The Microsoft Dynamics 365 Finance release CY25Q1: 10.0.42 is now generally available to all customers, marking the first of two updates in Wave 2 of the 2024 Release Plan. In this article we will explore key enhancements on the horizon that are now in Private or Public Preview that we believe will drive significant value once made Generally Available in a future release.
Copilot Assisted Financial Tag Default Rules
The release schedule for this new feature: Public Preview in October 2024.
This has the potential to transform how financial dimensions are used and implemented, as customers will gain the ability to record subledger data within the General Ledger without the high system resource demands of dimensions.
Feature Highlights
- Financial tags can finally be applied automatically to transactions like default dimensions.
- With the help of Copilot, conditional rules can be created to automatically apply financial tags to specific transactions based on the source document, transaction level, and value of individual fields.
Copilot Excel Experiences
Maintaining accountants’ ability to live in Excel, users will now have Copilot support in Excel to provide assisted data sanitization and preparation, variance analysis, and automatic generation of matching transactions and insights driving the discrepancies.
Analyze Variances in Excel With Supplementary Data Sources
The release schedule for this new feature: Public Preview in March 2025.
Copilot for Finance enables seamless variance analysis within Excel, allowing users to define precise criteria for identifying discrepancies and integrate additional data sources for deeper insights.
Feature Highlights
- Users can define variance analysis criteria using natural language in Excel, automatically identifying and highlighting discrepancies. Users can review, refine, and enhance Copilot-generated results and generate ready-to-use variance analysis reports.
- By leveraging supplementary data sources, Copilot enhances analysis with added detail and context, delivering more targeted and insightful results.
Use Agent-Assisted Reconciliation Data Prep & Selection
The release schedule for this new feature: Public Preview in March 2025.
This feature provides agent-guided data sanitization within Excel, enabling precise and efficient preparation of source data.
Feature Highlights
- Leverage agent-assisted data preparation and sanitization to help ensure efficient, error-free preparation of source data, maintaining integrity and accuracy for reconciliation.
- Streamline reconciliation with auto-generated matching criteria, enabling precise identification of transactions for seamless and error-free results.
Collections in Outlook
The release schedule for this new feature: Currently in Private Preview.
Microsoft 365 Copilot for Finance enhances the accounts receivable (AR) collections process by integrating directly with Outlook, streamlining customer communication, and improving efficiency. Eliminating manual data retrieval and reducing app switching help AR professionals manage collections more effectively while maintaining financial stability.
Feature Highlights
- Provides real-time customer summaries directly from the enterprise resource planning (ERP) system, eliminating manual data retrieval.
- Automatically summarizes inbound emails in Outlook, streamlining communication.
- Enables seamless storage of transactions, contact updates, and action items within the ERP system.
- Reduces time switching between Outlook and ERP, allowing AR personnel to focus on strategic collection efforts.
How Forvis Mazars Can Help
Enlisting the services of a trusted Microsoft partner can significantly help your organization’s capacity to leverage these upcoming Dynamics 365 Finance features. Technology consultants at Forvis Mazars offer a wide range of assistance that can help you unlock the full potential of these updates. Our experienced specialists can help you stay ahead of growth and disturbances with Copilot management, aligning Copilot’s new features with your business objectives.
Connect with us today to learn more about how our Business Technology Services consultants can help you prepare to utilize these new features. Subscribe to our Microsoft Dynamics 365 Finance FORsights™ to stay ahead.