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Microsoft Dynamics NAV 2018

Korcomptenz - Total Transformation Blog

Posted on May 09, 2018

What you need to know about the launch of the new version

Microsoft Dynamics NAV 2018 was launched on December 1, 2017. This newest version of the popular ERP software is available both on-premise and in the cloud on Azure. Microsoft is also planning to offer a new cloud solution for business administration as an extension of Dynamics 365 Business Edition containing the full NAV.

In the meantime, NAV 2018 launched in two versions:

  • A Microsoft Dynamics 365 application in the cloud that contains an online ERP solution that works across key business process areas such as sales, finance management and project management.
  • A business application platform that makes it possible to build and deliver vertical solutions in the cloud directly to customers with unique business needs.

What's New in Microsoft Dynamics NAV 2018

Microsoft Dynamics NAV is a complete enterprise resource planning (ERP) software solution for mid-sized organizations that is fast to implement, easy to configure, and simple to use. Simplicity has guided, and continues to guide, innovations in product design, development, implementation, and usability.

Dynamics NAV 2018 also includes deeper integration with Microsoft products, connecting the core applications with PowerApps, Flow, Office 365, Power BI and third-party applications. The overall goal is to offer a complete, integrated software package to small and mid-size businesses.

Dynamics NAV 2018

Advanced Algorithms Amalgamate AI

A totally new feature in Dynamics NAV 2018 include Microsoft's cognitive services. These services use advanced algorithms which allow organizations to amalgamate artificial intelligence into the applications. Automatic facial, speech and language recognition can be employed in HR contexts and automate procedures. Product recognition places items in the correct categories by providing much more automatization in product management.

Extensibility with Extensions

Microsoft Dynamics NAV 2018 has a new, modern, state-of-the-art extensibility model which enables the extension and customization of the standard Dynamics NAV solution to further fulfill unique business needs.

Interaction with Microsoft Flow in Dynamics NAV 2018

Microsoft Dynamics NAV 2018 boasts a wealth of core improvements including the interaction with Microsoft Flow which will further improve finance procedures by speeding up approvals processes.

There are also numerous technical enhancements and features included:

Dynamics NAV 2018

You can now import payroll transaction files from Ceridian HR/Payroll in US and Ceridian Powerpay in CA by installing the Ceridian Payroll extension.

Dynamics NAV 2018

You can now import payroll transaction files in the Quickbooks IIF format by installing the Quickbooks Payroll File Import extension.

Dynamics NAV 2018

Personalize your workspace to your tastes and work style! All it takes is a few clicks to display the right data for your role and your business or optimize for data entry in the browser.

Dynamics NAV 2018

In the Business Manager and Accountant Role Centers, you can choose which financial statements to view in Excel from a drop-down menu in the Reports section of the ribbon. When you choose a statement, it will be opened in Excel or Excel Online. An add-in connects the data to Financials.

Dynamics NAV 2018

The Dynamics CRM Connection Setup guide now includes coupling of salespersons to CRM users as this is a prerequisite for any synchronization of data between Dynamics CRM and Financials.

The guide now allows you to run full synchronization when the CRM connection has been set up. The synchronization runs in the background so that the user can continue working.

 

Dynamics NAV 2018

Invoices, tax reports, checks and balance sheets – the Report Preview feature will display all kinds of reports directly in Dynamics NAV without having to download as a file. You can also print directly from the browser.

Dynamics NAV 2018

To empower developers and service providers to easily integrate with Microsoft Dynamics NAV, Microsoft is adding a REST API based on web services with easy-to-use authentication.

The entities in the API can be used on their own or in combination with extensions when there is a need to add user interface elements or business logic Microsoft Dynamics NAV. The first iteration of the API publishes common record types, including company information, customer, vendor, employee, item (product), sales order, sales invoice, account, and journal.

Dynamics NAV 2018

Also, there is now an option to support vendor synchronization when using Lexmark ICS. This will improve the vendor recognition rate in the Lexmark ICS and allow manual selection of vendors when performing visual training of new invoice layouts.

Vendor information including number, name, address, VAT registration, phone, and bank account data is transferred to Lexmark ICS when synchronizing.

Submission of EC Sales List with more than 9,999 lines

You can now submit EC Sales List Report with more than 9,999 lines. Simply set a threshold on the number of lines in VAT Report Configuration for EC Sales List report and you no longer have to worry about the 9,999 threshold. When you submit such large EC Sales List reports a number of messages will be generated and sent to the Government Gateway. You can see results of these submissions in Log Entries.

Contact us for NAV installation, upgrade or migration or for customer support. Our professionals will take care of all your NAV needs and beyond.

Nirmal Ephraim

ERP Functional Consultant

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