Wave 1 Release-2023, What’s new in Microsoft Dynamics 365 Business Central

As you may be aware, twice a year, Microsoft release new features and functionality for Dynamics 365 Business Central in two waves. While the Business Central 2022 Wave 2 updates will continue to roll out this year through March 23, and Microsoft has announced the Wave 1 release for 2023. The new release plan is packed with several new features and enhancements including managing multi companies, improvements to the accounting process for intercompany transactions, consolidation, customer onboarding, Supply chain use cases specific to Warehouse and Inventory etc. showcasing Microsoft’s dedication to its partners and customers in delivering the best products for seamless digital transformation.

Here are some of the new features, and functions categorized in the key areas for the Business Central 2023 release Wave 1, that we’re most excited about.

Adapt faster with Microsoft Power Platform: It’s easier to set up approval workflows in Business Central so that people can be more productive by automating more of their processes. Additionally, we’re delivering sample apps to help Power Apps makers get started faster.

Application: In the financials area we’re investing in intercompany capabilities and enabling the possibility for general ledger settlement. All countries will be able to export SAF-T audit files. The supply chain capabilities in Business Central are improved with several optimizations and enhancements that let you run your inventory and warehouse processes more efficiently.

Country and regional: More countries and regions are added to bring Business Central to more than 100 countries and regions.

Development: We’ve moved entirely to Visual Studio Code, where we continue to invest in areas that enhance productivity for developers. For example, Visual Studio Code Visual Designers lets consultants create simple, per-customer extensions. Developers are also getting better compiler resource management and code analyzer performance. We’re modernizing the permissions system to make it easier for developers to define and maintain permissions that are easy to understand.

Governance and administration: Business Central delivers a set of additional self-service features to help administrators manage their environments.

Legislation: This release enables support for non-deductible VAT in the W1 version, which we’ll upgrade to country versions in upcoming minor releases.

Onboarding: Organizations can get to productive use of the application faster thanks to improved in-app guidance and user assistance.

Productive with Microsoft 365: We’re improving the efficiency of collaborative business processes in Microsoft Teams.

Reporting and data analysis: We’re adding a new mode on list pages to enable users to analyze and pivot data directly in the client.

Service and platform: We’re continuing to invest in the fundamentals of our service, with a focus on performance, stability, resource governance, security, and compliance.

For a complete list of new capabilities, please check out the Page from Microsoft Dynamics 365 2023 release wave 1 plan and the Microsoft Power Platform 2023 release wave 1 plan. 

To learn more about the entire set of capabilities being delivered during this release wave, check out the release plan for Dynamics 365 Business Central or if you’re interested in learning more about how Dynamics 365 Business Central can help your business achieve its goals, contact us to discuss your ERP initiative or Upgrade from NAV or GP.