Plan and prepare for Dynamics 365 Finance in 2022 release wave 1
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 1 plan covers all new functionalities planned to be delivered to market from April 2022 to September 2022. In this article, you'll find the product overview and what's new and planned for Dynamics 365 Finance.
Overview
Financial leaders and their organizations are continuing to adopt cloud financial systems as part of their digital transformation journey in the core part of their business, finance. Regardless of whether an organization is product-centric, service-centric, or is a diversified organization, moving users to value-added activities versus manual tasks, connecting data across systems, and having an application that supports changing business models and rapid adoption to economic changes are key to making effective decisions that drive this transformation.
To continue the success and growth of Dynamics 365 Finance, we will focus on delivering key enhancements that reflect the needs of delighting our existing customers.
Providing a full, comprehensive subscription billing solution to organizations engaging in recurring subscription revenue opportunities, including handling complex pricing, consumption, and milestone billing, managing large volume customer contracts, and automating the complexity around the financial impact of recurring revenue.
Enabling power finance users to have analytical insights into their financial and operating data using the preferred tool of choice, Excel or Power BI, by providing a financial analytical data model that is denormalized, reliable, scalable, and extensible.
Automate the reading and recognition of vendor invoices by providing OCR capabilities to complete the full end-to-end automation of accounts payable. By creating a continuous, intelligent automation solution with Azure Form Recognizer, AI Builder, and Power Platform, Dynamics 365 Finance will create out-of-the-box vendor invoice models and a framework for continuous learning for invoice exceptions in an easily deployed, intuitive user experience.
To run operations globally, businesses must meet complex, country-specific globalization requirements in the areas of tax compliance and adoption of local business practices. Currently, Microsoft offers globalization capabilities for Dynamics 365 Finance, Supply Chain Management, Project Operations, and Commerce that include low-code globalization services and out-of-the-box global content for 44 countries and regions, extended by ISV solutions.
In 2022 release wave 1, we continue to extend and enhance our globalization capabilities:
We will release Globalization Studio, which will enhance the low-code tax compliance and globalization capabilities and make the globalization services and multicountry content available for any first- and third-party app and extended with prebuilt ISV connectors.
We will continue to extend and enhance globalization services in Globalization Studio, such as Tax Calculation and Electronic Invoicing.
We continue to enhance the Configurable Business Documents and Electronic Reporting offerings.
Updates to Dynamics 365 Finance 2022 release wave 1
Tip
Download the release overview guide and share with your team as you plan to onboard the new capabilities included in this release wave.
* Overview guide available in English version only
Investment areas
Core financials
This release in core Dynamics 365 Finance is focused on bringing additional enhancements to core financial functionality, including automation around end-to-end business processes, enhanced experiences around year-end close, analytical reporting using data in the data lake, and comprehensive subscription billing capabilities that set up for success those organizations that are embracing the subscription economy.
Globalization
Globalization Studio enhances the low-code globalization capabilities and makes the globalization services and multicountry content available for any first- and third-party app and extends it with prebuilt ISV connectors. Globalization services in Globalization Studio continue to be extended and enhanced. This includes:
- Tax Calculation: Enable multiple-document tax calculations in one API call to increase the performance of tax calculation processing for customers with a high volume of invoices in certain industries.
- Electronic Invoicing: Providing French e-invoice integration with Chorus Pro, configurable mandatory Polish e-invoice and integration with Krajowy System of e-Faktur (KSeF) platform (preview), and integration Saudi Arabia e-invoice with ZATCA’s (Zakat, Tax and Customs Authority) systems.
- Enhancing Configurable Business Documents and Electronic Reporting offerings.
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. |