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2020 Release Wave 2Discover the latest updates and new features to Dynamics 365 planned through March 2021.
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From managing invoicing to maintaining regulatory compliance, finance is often filled with costly, time consuming, and error-prone manual processes. These challenges are exacerbated in times of uncertainty and continue to impact organizations globally.
The 2020 release wave 2 updates for Microsoft Dynamics 365 Finance bring additional core functional capabilities, opportunities to automate common processes, and improved global support. Together, these enhancements will help finance organizations prioritize impactful work, build efficiency and agility into their financial processes, and support global growthall while staying compliant with changing accounting regulations.
Below are the key focus areas for the 2020 release wave 2 including, notable partnerships and capability updates.
Today most organizations are experiencing challenges and making plans that they did not anticipate. In times like these, organizations do not have time to worry about reacting to changes in accounting regulations, yet they cannot risk leaving them unaddressed.
A core tenant of Dynamics 365 Finance is to enable you to reduce risk, and to automate and modernize your global financial operations. To help you achieve this, we are introducing asset leasing in November 2020. Asset leasing helps you adapt and be compliant to the FASB and IFRS 16 accounting regulations, related to lease management and its financial impact. Asset leasing will reduce manual errors and save your users time through automatic lease status updates, right of use assets, holistic monitoring and analytics, and calculations of net present value, lease interest, and future cash payments.
Treasury management is key for customers to plan, organize, and control cash and liquidity within the organization. This entails managing multiple bank accounts, liquidity, borrowings, and general bank interactions using non-integrated systems. Combining these views into a centralized view mitigates risk by providing a single source to manage financial matters and interact with bank systems.
To address this important need, Dynamics 365 Finance and Kyriba, the global leader in cloud treasury solutions, have entered a strategic partnership to give Microsoft Dynamics 365 customers better visibility into their cash, currency hedging, fraud reduction, and payment solutions.
Working together, Kyriba and Dynamics 365 Finance have identified out of the box integration capabilities to quickly allow customers to take advantage of the rich capabilities of Kyriba, while having Dynamics 365 Finance as their intelligent, automated system of record for core finance.
Begin using Kyriba's payment solution integrated with Dynamics 365 Finance today with pre-built startup scenarios based on native payment processing functionality including:
Learn more about Kyriba Payments Network for Dynamics 365.
Capturing revenue and avoiding missed or late customer payments is essential in the current market environment. The following capabilities are focused on expediting processes and focusing on results related to credit and collections.
Operational complexity and risk continue to intensify as organizations grow globally and expand their footprints across regions. Maintaining compliance and adapting to frequently changing regulations is a growing challenge. The following updates are intended to alleviate challenges related to some of the most manual, time-consuming, and error-prone processes in finance.
The Electronic Invoicing add-on extends the electronic invoicing capabilities in Dynamics 365 Finance, Microsoft Dynamics 365 Supply Chain Management, and Microsoft Dynamics 365 Project Operations simplifies adherence to the newest electronic invoicing standards and provides coherent experiences for different geographies in electronic invoice processing and exchange.
With the new capabilities offered in the 2020 release wave 2, we continue to enable customers to optimize financial operations, protect their revenue, adapt quickly, and reduce costs. If you're interested in learning more, take a look at the full rundown of updates for Dynamics 365 Finance.
The post Optimizing financial processes and reducing risk with Dynamics 365 Finance updates appeared first on Microsoft Dynamics 365 Blog.
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