More About Microsoft Business Central 2023 Wave 2 Updates in 2024

Brand New Microsoft Business Central With Wave 2 Updates

With the continuous evolution of business technology, businesses must finesse the science of optimizing their operations for the ultimate competitive edge. Over time, Microsoft Business Central, a robust Enterprise Resource Planning solution, has emerged as a key player in facilitating seamless business management. As we step into the new year, the much-anticipated Wave 2 updates for 2023 have made their debut, promising enhanced features and capabilities for businesses.

In this article, we shall look at the new functionalities that will be released from October 2023 to March 2024 as a part of the Microsoft Business Central 2023 Wave 2 updates.

Understanding Microsoft Business Central

Before we delve into the intricacies of the 2023 Wave 2 updates, let’s start by looking at the basic utility and structure of Microsoft Business Central. In the business landscape, Microsoft has positioned Business Central as an all-encompassing ERP solution designed to streamline processes, improve decision-making, and foster overall organizational efficiency.

It is one of the most versatile Enterprise Resource Planning solutions in the market to streamline and integrate various business processes. It provides a unified platform for managing financials, business operations, sales, and customer service, making it ideal for all businesses across different domains.

Microsoft Business Central 2023 Wave 2: What You Can Expect 

Microsoft’s current 2023 Wave 2 release is designed to provide more capabilities for businesses to optimize their business processes. It offers a wide array of features, such as:

Strategic Steps to Derive Maximum Benefit From Business Central

1. Enhanced User Experience

Given the current IT landscape, there is no doubt that user experience reigns supreme, giving companies the ultimate edge over the rest of the market. The 2023 Wave 2 updates allow you to refine and enrich the user interface. The new Microsoft Business Central design is going to be a more intuitive and user-friendly experience. So, you no longer need to invest your resources into learning basic navigation and feature usage in Business Central, allowing you to maximize utility and make the most of its ERP capabilities.

2. Advanced Analytics and Reporting

Data-driven decision-making is the cornerstone of modern business strategies. The new Microsoft updates draw your focus to enhanced analytics and reporting features, empowering companies to gain actionable insights from relevant data. With improved visualization tools and analytical capabilities, you can make well-informed decisions with unparalleled precision for the ultimate business growth and sustainable revenue generation.

3. Innovative Integration Capabilities

Microsoft Business Central 2023 Wave 2 introduces advanced integration capabilities, allowing managers and business wonders to facilitate shameless integrations with other Microsoft applications and/or required third-party solutions. Such improved features allow you to ensure that Business Central remains at the heart of your business ecosystem for smoother and streamlined operations.

4. Automation for Increased Efficiency

In recent times, we’ve seen that automation has become synonymous with efficiency, and the 2023 Wave 2 updates echo this trend. So, you can be sure to expect more refined automation features within Business Central aimed at reducing manual intervention and freeing up valuable resources. It will allow you to design and sustain automated workflows using intelligent process automation to optimize your operations for maximum efficiency.

5. Expanded E-commerce Capabilities

If you want to thrive in the current market, focus on building a booming online presence. With the new update, you can expand your e-commerce capabilities to drive your sales and profit margins. As a business owner, you can seamlessly manage your online storefronts, including but not limited to inventory management, order fulfillment, invoice generation, sales management, and much more, all under your Business Central profile.

6. Comprehensive Security Enhancements

In an era where cybersecurity threats loom large, Microsoft Business Central has taken a proactive stance with comprehensive security enhancements. It allows for strengthened access controls, advanced threat detection mechanisms to prioritize the safeguarding of sensitive business data, and critical customer information to safeguard your business against potential security breaches.

7. Globalization and Localization Features

As your business expands on a global level, you’ll realize that localization is essential. With the new update, you can now incorporate advanced globalization and localization features. Doing so ensures that your company, operating across diverse regions, can tailor its Business Central profile in compliance with local regulations and business practices for maximum sales potential.

Skyrocket your ERP with Microsoft Business Central

Implementing these Updates To Derive Maximum Benefit From Business Central

With the latest Microsoft Business Central 2023 Wave 2 release updates, you must develop a strategic initiative to make the most of its features and ERP capabilities. At AdCirrus, we suggest that you focus on the following four aspects for seamless integration.

1. Pre-Planning, Assessment and Implementation

Before diving into the updates, you must conduct a comprehensive assessment of your organization’s current state. Identify any areas where the new features can add the most value. Subsequently, you should plan the update implementation meticulously while considering all the unique needs, personalizations, and nuances of your business processes.

2. User Training and Adoption

A powerful ERP system is only as effective as its users. It is crucial that you invest in thorough training programs to ensure that your team is well-versed with the new features and functionalities of the 2023 Wave 2 release. Doing so will allow you to foster a culture of continuous learning and encourage your staff to embrace the updates hands-on, promoting optimal utilization.

3. Engage with Microsoft Support

Microsoft offers some of the best support services in the market, and by engaging with their support teams, you can create a smoother transition and facilitate seamless integrations. If you find yourself stumped, you can leverage their expertise to troubleshoot any issues or even approach us to help you implement Business Central as your ERP solution and maximize its potential in your domain.

4. Customization for Specific Needs

Every business is unique, and the 2023 Wave 2 updates have been designed to accommodate this diversity. Consequently, you can now focus on customizing certain  ERP features to align with your specific business processes and requirements. Tailoring this system will allow you to refine your pre-existing ERP template and sharpen your business capabilities for optimal results.

Updates from Microsoft Business Central 2023 Wave 2

Leveraging Microsoft Business Central 2023 Wave 2 with AdCirrus

At AdCirrus, we believe in embracing all developments and innovations in the technological landscape to help us offer improved services to our clients and their businesses. It is only fair that we remain at par with these Microsoft Business Central 2023 Wave 2 updates in 2024.

So, if you’re looking at taking your ERP system to the next level, reach out to us. We will guide you through ERP solutions, focusing on strategic planning, user engagement, and leveraging the full spectrum of features offered by Business Central, allowing you to emerge at the forefront of the digital transformation wave.

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Industry Specific Edition

Acumatica cloud ERP’s Industry-Specific Editions are a unique combination of Acumatica cloud ERP functionality and functionality specific to a particular industry or industry segment.

For example, the Manufacturing Edition includes both manufacturing and distribution modules, as well as modules for field service and general business use. The Distribution Edition includes only distribution modules.

The Industry-Specific Editions include all of the core Acumatica cloud ERP functionality including:

  • Core Accounting
  • Core Billing & Invoicing
  • Core Business Management  (including project management and portfolio management)
  • Core Data Modeling & Validation  (using the same data model used in the Core Accounting module)
  • Core Enterprise Resource Planning  (including CRM integration)
  • Core Human Resources & Payroll  (HRIS integration with HR applications such as Zenefits)
  • Core Inventory Management  (including barcode scanning technology that can be used to identify inventory items based on their UPC codes or SKU numbers.)

Retail Commerce Management

Deliver a consistent customer experience across all your sales channels with full integration between your online, mobile, kiosk, and in-store service.

  • Reduce stock-outs and back orders 
  • Speed up order processing and fulfillment 
  • Streamline returns and exchange 
  • Provide an omni-channel experience 
  • Offer a world-class eCommerce presence 
  • Integration with web stores and POS systems

Project Management

Streamline project management: The project accounting suite enables you to track project costs, carry out planning and billing, and manage time and expenses while completely integrating with the fundamental accounting operations like general ledger and accounts payable.

Customer Relationship Management

Set up customer relationship management: CRM is an important tool for any business that wants to build strong customer relationships and retain customers. With Acumatica, you can set up a customer relationship management system that works for your business.

The CRM feature includes:

  • Customizable reporting dashboards
  • Powerful business intelligence capability
  • Service and support automated workflows
  • A customer self-service portal

Service Management

Maximize dispatching and boost revenue by scheduling the right people at the right time, and see real-time data for work taking place in the field.

  • Single version of the truth
  • Multi-dimensional reporting
  • Security by role
  • Custom reports and personalized dashboards
  • Multiple display options

Construction Management

Provides a complete, mobile-enabled cloud-based construction and accounting software solution.

  • Instant data access in role-based dashboards 
  • Native AI and ML for automation and data processing 
  • Superior compliance management 
  • Flexible drop-shipping to project sites 
  • Real-time connection among workers-field, office, and remote.

Sales Improvement

Acumatica’s sales management features can help businesses increase their sales and revenue.

Utilize Business Intelligence

You may gather crucial data from various sources and show it in reports made for quick decision-making with Acumatica cloud ERP. This software includes analytical tools for monitoring the state of your business. It identifies problems before they substantially harm your company.

Warehouse Management

Streamline warehouse operations and transaction to reduce errors, automate processes and increase productivity.

  • Reduce errors 
  • Increase customer satisfaction
  • Automate data capture 
  • Simplify tracking
  • Prioritized, direct picking 

Inventory Optimization

Optimize inventory: Acumatica’s inventory management tools can help businesses reduce inventory costs and improve stock levels.

Manufacturing Management

Built for make-to-stock, make-to-order, engineer-to-order, project centric, job shop, batch, repetitive manufacturing, and more.

  • Complete, multi-site cloud manufacturing control and planning system
  • Improve efficiency with intuitive, award-winning UI
  • Empower collaboration with cross-module workflows 
  • Create business resilience with our future proof design 

Order Processing

Use order processing: Order processing is another key feature of Acumatica ERP software. With this feature, you can streamline your order process and keep track of orders as they move through the pipeline.

Improve financial management

There are a number of ways businesses can make the most out of Acumatica’s features. For example, businesses can use Acumatica to:

– Improve financial management: Acumatica’s financial management tools can help businesses save time and money by streamlining accounting and financial processes. This functionality includes:

     General ledger incorporating real-time analysis fully integrated with all other features

     Accounts receivable and payable

     Cash, currency & tax management solutions

     Fixed assets

     Recurring revenue management