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April 15th, 2024

Microsoft Dynamics 365 Wave 2 Feature Series

The Microsoft Dynamics 365 Wave 2 release is a biannual update that introduces new features and capabilities across the Dynamics 365 ecosystem, helping businesses stay competitive with intelligent tools, improved workflows, and AI-driven innovation. These updates are gradually rolled out and can be enabled in production environments, offering enhancements across sales, marketing, customer service, field operations, finance, and more.

Why the Wave 2 Release Matters

With every Wave 2 update, Microsoft responds to real-world business challenges with powerful new capabilities. This ensures better system performance, modern user interfaces, enhanced automation, AI-powered insights, and a seamless omnichannel experience. By adopting these features early, organizations can:

> Improve productivity

> Enhance user experience

> Streamline operations

> Leverage AI for strategic decisions

> Drive stronger customer engagement

Alphavima supports its clients in staying ahead by quickly adopting and integrating these innovations using Microsoft technology stacks such as Power Platform, Azure Logic Apps, Dataverse, and Dynamics 365 Copilot.

Wave 2 Enhancements Breakdown by Functional Area

Dynamics 365 Sales: Smarter, Faster Selling

Key Highlights:

> Microsoft Copilot AI Integration: Enhanced AI assistance with natural language summaries, suggested email replies, and pipeline progression recommendations.

> Improved Opportunity Management: Create and add multiple products with fewer clicks, reducing repetitive tasks and boosting efficiency.

> Flexible Pricing Rules: Add products to Opportunities, Quotes, and Orders with or without mandatory price lists. Admins can configure rules as needed.

> Line Item Customization: Customizable price list entity; edit product properties directly on line items.

Business Value: Sales teams can now spend more time engaging customers and closing deals, rather than managing administrative tasks. Integration with Power Automate and Dataverse improves efficiency and data reliability.

Dynamics 365 Marketing: Personalization at Scale

Key Highlights:

> Real-Time Journeys: Orchestrate customer interactions across email, SMS, push notifications, and more.

> AI-Driven Content Ideas: Generate text, layout suggestions, and images with Copilot for faster campaign creation.

> Improved Analytics: Deeper reporting on engagement and conversions using Power BI.

Business Value: Marketing teams can drive better ROI with more targeted and intelligent campaigns using Dynamics 365 Marketing’s built-in AI and analytics tools.

Dynamics 365 Customer Service: Omnichannel Innovation

Key Highlights:

> Copilot for Agents: Proactive prompts and summaries for ongoing cases.

> Contextual Knowledge: AI pulls up relevant knowledge base articles.

> Channel Enhancements: Email, chat, and voice integrations are faster and smarter with Omnichannel for Customer Service.

Business Value: Faster resolution, improved agent productivity, and higher customer satisfaction. Integrated with Azure AI services for deeper contextual support.

Dynamics 365 Field Service: Predictive and Proactive Operations

Key Highlights:

> AI-Driven Scheduling: Smart suggestions for technician assignments.

> Real-Time Updates: Field workers can access updates from anywhere using Power Apps Mobile.

> Work Order Automation: More seamless creation and completion processes through Dynamics 365 Field Service Mobile.

Business Value: Lower service costs, increased uptime, and better customer trust.

Finance

Key Highlights:

> Globalization Enhancements: Localized compliance, e-invoicing, and tax features.

> Inventory Visibility: Real-time stock updates across systems.

> Copilot for Financial Insights: Predict trends and flag anomalies.

Business Value: Better visibility, control, and compliance for growing enterprises using Dynamics 365 Finance and Azure Synapse Link.

Supply Chain Management Operations

Key Highlights:

> Intelligent Procurement: AI-assisted planning and supplier performance tracking.

> Warehouse Enhancements: Improved inventory movement and mobile device capabilities via Warehouse Management App.

> Demand Forecasting: Refined prediction models using machine learning and Azure Machine Learning.

Business Value: Streamlined operations and accurate forecasting lead to reduced costs and improved supply resilience.

Dynamics 365 Retail (Commerce)

Key Highlights:

> Unified Commerce Tools: Consistent experiences across online and in-store platforms using Dynamics 365 Commerce.

> Promotions Engine Enhancements: More flexible pricing and discounts.

> AI Personalization: Tailored recommendations for shoppers powered by Azure Cognitive Services.

Business Value: Retailers gain omnichannel flexibility and increased customer satisfaction.

Project Service Automation (PSA)

Key Highlights:

> Smarter Resource Scheduling: Enhanced matching of skills and availability with Project Operations.

> Time & Expense Enhancements: Simplified submission and approvals.

> Forecasting and Profitability Analysis: Tools to track margins and workload capacity.

Business Value: Projects are executed with improved efficiency and financial oversight.

Talent (Human Resources)

Key Highlights:

> Employee Self-Service Portals: New features for leave, benefits, and training.

> Recruitment Automation: AI assistance in screening and shortlisting through Dynamics 365 Human Resources.

> Performance Insights: Continuous feedback tools integrated into HR workflows.

Business Value: HR departments become more strategic, with reduced admin load and improved employee engagement.

Wave Comparison Table: Evolution Across Releases

Area2022 Wave 22023 Wave 22024 Wave 2
SalesFaster UI, foundational improvementsEnhanced sequence control, seller KPIsCopilot, product line simplification
MarketingReal-time journeysContent ideas via CopilotCampaigns driven by full Copilot assist
Customer ServiceOmnichannel voice upgradesRouting enhancementsCopilot summaries and prompts
Field ServiceAI scheduling, smart routing
FinanceGlobalization supportPredictive finance, Copilot insights
SCMInventory visibilityIntelligent planning, warehouse automation
RetailPromotions engineOmnichannel personalization
Project Service AutomationSmart scheduling, financial tracking
TalentRecruitment and performance AI tools

Partner with Alphavima

Alphavima helps organizations make the most of Microsoft Dynamics 365 releases. From strategic planning to deployment, we empower your team to adopt and adapt the latest features that truly matter.

Why Alphavima?

> Deep Microsoft Dynamics expertise

> Tailored implementation strategies

> End-to-end support for all Wave updates

Let’s future-proof your digital transformation journey with Dynamics 365. Learn more about our featured posts on related topics on LinkedIn

FAQs

Which industries benefit the most from Wave 2 updates?

Businesses in retail, financial services, manufacturing, professional services, and field operations benefit significantly due to enhancements in supply chain automation, omnichannel retail tools, AI scheduling, and real-time analytics.

Are these updates available globally or regionally?

Microsoft rolls out Dynamics 365 Wave 2 features in phases across different regions. Release timelines are outlined in the official Microsoft release plan documentation for global planning and deployment.

What’s new in Dynamics 365 Sales as part of the Wave 2 release?

Dynamics 365 Sales introduces improved product line item management, customizable pricing rules, and deeper Copilot integration for summarizing opportunities and assisting sellers with real-time insights.

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