In today’s fast-paced business environment, maintaining a healthy cash flow is crucial. However, the reality is that not all customers pay their invoices on time, leading to a compounded cost of delayed payments and the effort of collecting them. In the 2024 Wave 1 release of Business Central, Microsoft aims to address this challenge head-on.
The new release introduces a powerful integration with Copilot for Finance, designed to improve cash flow and reduce the cost of collecting payments on unpaid invoices. By providing easy access to relevant and timely data about customers with outstanding payments, collections teams can now operate more effectively without the need for redundant task-switching between applications.
Key Features:
This functionality not only supports the collections team with the necessary information but also streamlines financial processes. The AI-powered assistance within Microsoft 365 applications eliminates the need to juggle tasks, making financial operations more efficient and automated.
The collaboration between Dynamics 365 Business Central and Copilot for Finance represents a significant step forward in optimizing financial processes. By empowering collections teams with the right tools and data, businesses can look forward to improved cash flow and a more efficient collections process.
To learn more about this feature, you can read about it in Microsoft's release notes: