Microsoft Dynamics GP is a renowned modular ERP system. This ERP comes with amazing features to cover all important business operations. Furthermore, it includes financial management, accounting management, supply chain management, inventory management, sales, and much more. Hence, it is a comprehensive solution set that seamlessly handles all business processes. The software was updated recently in October 2023 and Microsoft has a clear commitment to this software till 2028. So, in this, we going to discuss Dynamics GP What’s new features are added to it?
For any Microsoft Dynamics GP Support needs, We are here to assist you. Our team of experts ensures that you get the most out of your Dynamics GP system, providing comprehensive support and solutions tailored to your business requirements.
What is Modern’s Life-Cycle Policy before Upgradation?
Microsoft announced a modern life cycle policy for Dynamics GP in 2019. Furthermore, this will demonstrate that the companies that are utilizing Dynamics GP 18.6 or 18.5 must have access to fix the bugs and remain updated. In this way, customers of GP can get one of three all-inclusive updates released all over the year. No, matter what version of Microsoft GP Dynamics you are using. Thus, Evincible Solutions will help you to move with the modern life cycle for innovation in the IT industry.
New Features of Microsoft Dynamics GP 18.6 in 2024
Below are some incredible new Microsoft Dynamics GP 18.6 features that were released in October 2023.
Financial Summary Display Action Inquiry
In the toolbar section, there is the redisplay button. Therefore, this feature will help you to refresh the data easily without closing any summary window. In the previous version, this point was the major issue. Furthermore, you have to close the summary window in the previous version.
Print and E-mail Cash Receipt
Print and E-mail cash receipts were updated in previous versions. However, it is now refined more to provide you the seamless operations. Therefore, it can regulate and control the cash receipt process easily.
Company’s Reverse Fiscal Year-End Close
In the past versions, operating the reverse fiscal year-end procedure needed all consumers of the company. On the other hand, this new feature does not require all consumers for the reverse fiscal year operation of the company.
New Format for Workflow Emails
This feature is highly demanding and approved after 60 votes in the recommendation database. Furthermore, after implementation, this feature will permit the consumers to use a new format for workflow emails with the presence of item decimals.
Open Transaction Display for Consumers Statements
This option is added in the print receivable statement section. Moreover, it can remove all the additional details of the credits, payments, and debits, that are already implemented from the statements. However, you can also limit the displayed information of the amount on the statement.
Payroll Year-End Wedge Report
This payroll year-end report feature can provide you with the most comprehensive and detailed year-end report with the easiness of consumers as well.
Share Mailbox with MFA Enables
Consumers can now utilize shared mailboxes with MFA (multi-factor authentication) for sales and purchase email setup. Furthermore, it can allow you to use diverse mailboxes for each one. Furthermore, the amazing point about this feature is that it can be used as a send form address as well. So, you can send the reply from any email document. Therefore, you can skip this feature if you want to use default settings.
Final Notice Letter Template
This feature is used to build email after selecting the final notice letter template window on your system. Before this feature, you could only utilize pre-built templates for first and second notice. Therefore, the letter-writing assistance also demonstrates the invoice in table format.
Completely Deleted Document Attachment
This procedure can remove the complete attachment of the document from the BLOB file storage. Furthermore, this feature is accessible in all document attachment windows. You just need to click on the delete button on the desired document and afterward delete it.
Project Expense and Time Workflow by Nav lists
This feature will improve the workflow and efficiency. You can find the refinement in your business operations. So, the Project Expense and Time Workflow by Nav lists will optimize the business processes.
Batch Source Field Filters
This is an amazing feature, available for the batch sources. Furthermore, you can find all your batch source filters from a particular menu. It depends on the selected navigation list.
Email Vendor Remittance- Message Fields
At the time of e-mail vendor remittance, this feature includes a customized message field. Therefore, you can be done editing with vendor email messages before posting. Before the addition of this feature, there were a limited number of message fields available to you.
Modern Authentication
This feature will make your data more secure. Furthermore, there are advanced options for security allowing single-tenant key access.
Improvement to 1099 Lines and Boxes
You can find the numerous modifications of 1099-DIV 1099-INT, and 1099-MISC lines and boxes in the latest version of Microsoft Dynamic GP 18.6. Moreover, consumers can get all the payable 1099 forms with fine lines and boxes. You can verify the data with this feature easily.
Blank Picking Tickets Templates
With this feature, consumers can create blank picking ticket templates for mainly sales orders. Furthermore, it can also improve the printing processing and enhance the efficiency.
What Next for the Microsoft Dynamics GP in 2024?
Dynamics GP What’s new for you? Previously, Microsoft announced the major features in the 2022 release that show that there will be no significant additional updates in the 2023 version. Afterward, Microsoft has clear out its objectives. They are focusing on Tax, compliance, and security improvements introduced in the 18.6 version.
In April 2023, Microsoft announced that the sale of Microsoft Dynamics GP would no longer be available for consumers by 2026. However, it committed to continue it till 2028 according to the new release. Therefore, they are mainly focusing on cloud-based products with the addition of new features. Updates majorly focus on the Tax and regulatory compliances.
Furthermore, this announcement will have made the existing customers shit towards the new ERP systems. They can move with Dynamics 365 Business Central, Dynamics 365 sales, Dynamics 365 finance and operations, and much more. Moreover, they are providing proficient functionalities and a clear picture of future advancements with new features.
At Evincible Solutions, we assist our clients with Dynamics GP Migration to Microsoft Business Central, our expert team is working on modern technologies and provides you with a great consumer experience to shift towards these systems. Therefore, we are fully aware of the modifications of technologies with the adaptations of new ERP systems. Thus, we will make sure you move towards a higher level of success.
Conclusion
Microsoft GP Dynamics’ latest version 18.6 carries new exciting features for your business operations. Furthermore, it should be noted that the customers need annual updates once a year to remain informed about the Modern life cycle policy. It is also necessary to get the support from Microsoft. So, by applying these updates, you can determine Dynamics GP’s complete potential for your business operations.
