New updates for our October Product Release are now available on Wiise Australia and New Zealand environments!
New features
Business Central 2024 Wave 2
The next major release from Microsoft for Business Central is here! Wave 2, 2024 is Microsoft's biggest release yet with several new features and enhancements available. We've highlighted two of the key features below.
New features
Enhanced Reporting with Power BI
To make it easier to access insights Microsoft has released over 70 new embedded Power BI reports, no-code financial reporting templates, and enhanced capabilities with Copilot in Power BI.
With Copilot in Power BI, you can easily create ad hoc reports by asking questions in native language format, such as “How does my cash flow compare to the previous year?”. Copilot will analyse your data and provide you with relevant and concise answers in the form of charts, tables, or text.
New features
Subscription Billing
Pricing and packaging products or services as a subscription is an excellent way to boost profits and develop reliable recurring revenue.
With the introduction of subscription billing, if you offer contractually agreed services, such as hardware maintenance, IT support, and cleaning, you can now bill your clients on a recurring basis.
The new subscription module comes with:
- Contracts for which you do recurring billing for items and services
- Billing schedules with flexible parameters that cater to typical use cases for recurring billing
- Usage-based billing
- Automated billing
- Deferral integration
- Revenue recognition based on billing schedules
- Contract updates (parameters and prices), and
- Standard reports for contracts, customers, billing schedules, recognised revenue, future billing dates and amounts, and so on. Most reports are available as Power BI reports.
To learn more about subscription billing please see Microsoft's website, or watch Microsoft's what's new video on subscription billing.
To learn more about the new features available, you can read our release notes.
