Overview of Dynamics 365 Finance 2021 release wave 2

Important

Some of the functionality described in this release plan has not been released. Delivery timelines may change and projected functionality may not be released (see Microsoft policy). Learn more: What's new and planned

Microsoft Dynamics 365 Finance enables organizations to monitor global financial operations in real time, predict outcomes, and make data-driven decisions to drive business agility and growth. Dynamics 365 Finance provides deep data and process integrations across Dynamics 365, Office 365, and partner applications to offer a centralized source of financial information that saves time, facilitates cross-org collaboration, and enables faster, better-informed decisions. It empowers users to do business anywhere, anytime, with an intuitive user interface personalized for their role and preferences.

Driving action through intelligent insights

Finance is the core of all businesses, and there's an immense opportunity to innovate through supporting new business models, embedded intelligence and automation, and reimagining how finance individuals work and interact with their data. Dynamics 365 Finance continues to lead in providing intelligence and automation to our users in a trusted way. The 2021 release wave 2 plan will focus on data-driven insights as part of the general availability of Finance Insights. Finance Insights is our intelligent cash flow offering with automation based on predictive results. Now, users can be empowered with out-of-the-box machine learning for their financial operations. This would include viewing when customers are predicted to pay, forecasting what the budget should be, and viewing forecasted cash positions based on actual accounts payable, accounts receivable and project transactions, and predicted outcomes.

Enhanced usability on everyday activities

To ensure that financial activities close on time, we're enabling our customers to increase productivity when it critically matters the most. Through automation and modernizing the services that our customers use daily, we're bringing enhanced usability and performance around fixed assets, year-end close, and financial dimensions.

Expanding global coverage, decreasing global complexity, and simplifying extensibility

We continue to enhance our globalization offering by focusing on two main areas. Firstly, we'll ship even more countries and regions out of the box, to simplify global Dynamics 365 Finance usage by our customers. In addition to the six new countries and regions we shipped in the last two waves, we'll add Indonesian localization in 2021 release wave 2.

Secondly, we'll continue enhancing our configurable, no-code/low-code globalization capabilities and transform them into globalization microservices that enable enterprise-scale functionality and performance, and further simplify globalization extensibility. We'll bring our Tax Calculation service to general availability and support complex tax compliance scenarios. We'll extend the functionality and country coverage for our Electronic Invoicing service and will enable its integration with any first-party or third-party application via Microsoft Dataverse. We'll also ship several enhancements of configurable business documents and electronic reporting.

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