Plan and prepare for Dynamics 365 Finance in 2022 release wave 2
Important
This content is archived and is not being updated. For the latest documentation, go to What's new or changed in Dynamics 365 Finance. For the latest release plans, go to Dynamics 365 and Microsoft Power Platform release plans.
Important
The 2022 release wave 2 plan covers all new functionalities planned to be delivered to market from October 2022 to March 2023. In this article, you'll find the product overview and what's new and planned for Dynamics 365 Finance.
Overview
Organizations that are product-centric, service-centric, or in a diversified organization are moving users to value-added activities versus repetitive, manual tasks. Connecting data across systems, having an application that supports changing business models, and rapid adoption of economic changes are key to making effective decisions to drive this transformation. To continue the success and growth of our Dynamics 365 Finance customers, we will focus on delivering key enhancements that reflect the needs of their users.
Updates to Dynamics 365 Finance 2022 release wave 2 include:
- Enhancing our subscription billing solution with quotes, split billing, and project accounting integration.
- General availability of vendor invoice OCR (optical character recognition). This will automate the reading and recognition of vendor invoices by providing OCR capabilities to complete the full end-to-end automation of accounts payable.
Our customers run our solution in more than 180 countries and regions and must meet multiple tax compliance and local business practice requirements (localization). We provide out-of-the-box localization and continuous regulatory compliance for 44 countries and regions, and translations for 52 languages, extended by partners. Our no-code/low-code Globalization Studio makes localization easy for Microsoft, as well as partners and customers, to create, extend, automate, and maintain.
In 2022 release wave 2, we continue enhancing Globalization Studio to provide for more globalization breadth, depth, and scalability out of the box:
- Tax Calculation service: Eliminates the need for costly customizations for many complex tax scenarios. We continue extending the scope of Tax Calculation service by providing several enhancements in the service.
- Electronic Invoicing service: To fight tax evasion, more countries are introducing mandatory business-to-business electronic invoicing with e-invoice clearance at tax authority agencies. To support the new upcoming e-invoice legislations, new e-invoicing capabilities are available that are legally required in France, Poland, and Saudi Arabia.
- Electronic reporting: Enhancements to Electronic reporting that enable switching a base data model and improve import experience by automatically uploading parent configurations.
Updates to Dynamics 365 Finance 2022 release wave 2
Investment areas
Core financials
This release for Finance is focused on bringing additional enhancements to core financial capabilities, financial automation, and reporting.
Globalization Studio
We continue enhancing no-code/low-code capabilities and multicountry content of Globalization Studio in tax calculation, electronic invoicing, and electronic reporting.
To learn more about the entire set of capabilities being delivered during this release wave, check out the release plan for Dynamics 365 Finance below:
For application administrators
User-impacting features to the user experience enabled automatically
User-impacting features should be reviewed by application administrators. This facilitates release change management and enables successful onboarding of new capabilities released to market. For the complete list, look for all features tagged "Users, automatically" in the release plan.
Features that must be enabled by application administrators
This release wave contains features that must be enabled or configured by administrators, makers, or business analysts to be available for their users. For the complete list, look for all features tagged "Users by admins, makers, or analysts" in the release plan.
Get the most out of Finance
| Helpful links | Description |
|---|---|
| Release plan | View all capabilities included in the release. |
| Product updates | Stay up to date on latest product updates. |
| Release calendar | Know important release milestones. |
| Licensing | Improve your understanding of how to license Finance. |
| Product documentation | Find documentation for Finance. |
| User community | Engage with Finance experts and peers in the community. |
| Upcoming events | Find and register for in-person and online events. |
| Product trials | Get started with Finance. |