(bright music)
We've made some incredible investments
in Dynamics 365 Finance, Project Operations
and Human Resources in this wave.
Let's check them out.
Bellows, a professional services company, just moved
to Dynamics 365 Project Operations.
To ensure they maintain a clear understanding
of the state of play of their projects,
they use our new billed sales function
to capture the delivery and billing history of each project.
The PM is setting up
a new management consultancy training project
for a client.
First, she needs to import estimates data
to use during budget creation.
Generally, estimates are created at a granular level
like an estimation of a resource time, material
or expense cost for a task
but the budget lines don't need to be created
at such a granular level.
With our new feature, the PM can summarize estimates
at a certain dimension level like task or role.
Now, budget lines are at a manageable level
and tracking the cost budget of a project will be easier.
Every project should be profitable.
Using our new cost plus pricing feature,
the PM enters the markup percentage and can be confident
that the system will add this percentage
to the cost price of every line item of the project.
The client has asked for progress based billing.
Using new functionality,
the PM defines percentage based milestones
ensuring an invoice will be sent
whenever a milestone is met.
Next, she assigns resources to the project.
This decision has a huge impact
on the success of the project.
No problem.
AI-driven resource recommendations score each resource
based on experience, utilization rate, and cost,
and suggests the perfect person for each role.
Prior to kickoff,
the client asks to move the project's start date back
by two months.
Using our new bulk resource reconciliation feature,
the PM can move all bookings and requirements in one move.
This is a huge time saver
and she loves how easy it was to make this detailed change.
The project has started.
We're saving the PM even more time
by reducing the execution time
for the many bulk approval operations
she completes each day.
The PM needs to know how the project contributes
to overall sales.
With our project cost budget management feature
released October 2022, the PM could track the actual costs
for time, material, and expense against a cost budget.
With our new project sales budget management feature,
the PM can track actual unbilled sales
against the sales budget.
She has better visibility
and control of her project sales performance
ensuring alignment with her financial targets.
Larger organizations like Bellows often receive invoices
from vendors that encompass services provided
to multiple legal entities.
Historically, the system could only manage these invoices
for stocked scenarios.
Now, intercompany resource-based vendor invoices
can be captured and line items assigned
to the right entities and project streamlining the process
and ensuring accurate cost allocation.
Today, teams across Bellows
typically capture vendor purchase details
as purchase orders in Finance and Operations
or as subcontracts in Project Operations.
We've integrated these two features.
Regardless of where teams capture
or view the vendor purchase details, they can be confident
they're maintaining one version of the truth.
Turning to Human Resources, the head of project management
at Bellows needs to hire more consultants
to keep up with client demand.
Using our new next generation recruiting application,
she can submit recruitment requests.
Then HR can create and post jobs,
manage the candidate pipeline, coordinate interviews
and feedback and deliver job offers.
Every stage was tailored
to match Bellow's recruitment process.
Alongside that, candidates are kept up to date
thanks to the job portal built on Power Pages.
What else is new in HR?
Using our Dynamics 365 add-in,
Bellow's employees can now capture
and track leave right in Outlook.
Requests can be submitted, viewed, and responded to,
saving time and meeting employees
where they most commonly track their availability
in Outlook.
Moving on, our north star for autonomous finance
is a continuous touchless close
for every customer, and so we've been investing a ton
in automation to make that possible.
Starting with banking for global organizations like Bellows,
every period end involves revaluating accounts
and huge numbers of transactions
from a foreign currency into the reporting currency.
Now, each legal entity can choose
whether all or no dimensions should be used
calculating gains and losses for that period.
Meaning the revaluation process can be automated
saving a huge amount of time.
For accounts payable,
our invoice automation already handles the majority
of Bellow's invoices, but there will always be
exceptional cases that need user intervention.
Our new workspace presents all
of the vendor invoices that need reviewing straight
to Bellow's AP clerk, who can easily correct them.
Bellow's vendor invoices can now be automatically created
and our invoice capture solutions
can process more scenarios than ever,
including non PO invoices, like employee expenses
and items purchased without a purchase order.
The solution scans letters, emails, and so on
and automatically generates the invoice, improving accuracy
and reducing the heavy manual workload of the AP team.
The digitization of tax and new indirect tax regulations
have made tax a lot more complicated for Bellows.
Our tax calculation service improves their compliance.
It's now been integrated
with the invoice register, invoice approval,
and invoice pool, as well as project operations
meaning they can leverage the amazing tax determination
and calculation features
on their project transactions and invoices.
Today, Bellow's finance team spend the majority
of their time running accounting and financial operations
with business performance insights delivered monthly,
quarterly, or yearly.
With the speed of business constantly accelerating,
they're now asked to deliver performance metrics daily.
Many teams have invested in data scientists
or re-skilling their people but this doesn't scale.
To succeed in competitive markets,
all team members, regardless of their technical expertise,
need access to analytics
and insights that show them how to perform better.
Our latest innovations, business performance analytics
and extended planning analytics provide this.
First, our user-friendly self-service
business performance analytics tools,
access through familiar and secure solutions
like Excel and Power BI provide non-technical users
with a clear understanding of any business function
with embedded intelligence, enabling them
to make proactive decisions to improve their performance.
For example, with spend analytics
in business performance analytics, they can gain insights
into supplier spending trends broken down
by various financial dimensions
along with 360 views of their suppliers.
With the insights gained, our new customer ready
extended planning analytics solution then brings
in a new generation of planning capabilities
for the office of finance.
Action can be deployed using Power BI in Excel
combining tools that the team
is intimately experienced with
with all of the robust capabilities of the planning solution.
We're excited to equip Bellows and all
of our customers with the tools to accelerate the renovation
and guide them towards sustainable success.
As the list of country specific regulations
grows longer and longer,
we've prioritized helping Bellows stay compliant.
First, using the electronic invoicing service,
they can now be confident that they're compliant
with electronic invoicing regulations in Poland, Australia
and New Zealand, meeting e-invoice regulations extended
to B2B in Spain, as well as e-invoicing
and e-reporting requirements in France.
In Italy, they can now associate a legal entity
with multiple sales tax and VAT registration numbers.
Tax reports for VAT declaration,
EU Sales List and Intrastat can be run
for specific registration numbers
ensuring the exact tax figures are correct
and presented in the correct format for that country.
Finally, we have new out-of-the-box localizations
for six further LATAM countries
and regions lifting the stress
of managing different business practices,
tax and regulatory compliances.
We've made some amazing investments
across Dynamics 365 Finance, Project Operations, and HR.
To learn more, please check out the entire release notes
and try out the early access features
for this release as they become available.