Subscription Billing - New Feature!

Subscription billing is a new feature that was introduced in 10.0.25. As more and more companies go to a subscription-based billing model, this feature has proven to be extremely relevant and beneficial! 

This is the first in a series of blogs I will be writing about this new functionality and what you can do to enable, configure, and use Subscription billing in Dynamics 365 Finance. Also, if you are attending Dynamic Communities' North American Summit October 10th-13th, 2022, I will be presenting on this topic there as well. 

OCR in Expense Management

I recently got to implement OCR in Expense management in Microsoft Dynamics 365 for Finance and Operations. Turns out, there is a lot of interest in this topic, so I put together a little blog about it. 

What is OCR? 

Optical Character Recognition. This is used to process documentation such as receipts and invoices by using Azure Cognitive Services to "read" the documentation and import the data into the system, cutting down on manual system entry.

New feature: Enable batch processing for bank payment advice reports

One of the pain points in AX/F&O was that you could not set up batch processing for your Payment advice reports. 

In late 2019/early 2020, a new feature was added called "Enable batch processing for bank payment advice reports." 

The description reads as follows:

This feature lets you use batch processing for both the customer and vendor bank payment advice reports. To use this feature you must use BankPaymAdviceVendV2 and BankPaymAdviceCustV2 bank payment advice, and set them up as the customer and vendor report formats in print management.

How do we set this up and use this functionality? In our example today, we will look at this from an Accounts payable/Vendor perspective. 

Credit Management Feature

In Dynamics 365 Finance, the new Credit management functionality is part of the Credit management feature that was made GA on April 3, 2020.

https://docs.microsoft.com/en-us/dynamics365-release-plan/2020wave1/dynamics365-finance/credit-management

The link above from Microsoft does a decent job of describing the new functionality from a 10,000 ft view, but what it doesn't describe is the more intricate features of this that will have your Credit and Collections team giddy with joy.