As part of our work to make Dataverse more relevant to our education partners, the 2022 release wave 1 of the Dynamics 365 education accelerator includes features that we developed in response to your feedback. In addition to new and enhanced data model entities, you’ll find updated sample applications that demonstrate how to use the entities in K-12 and higher education.

What’s new in the education data model

• An enhanced learner record captures students’ home language, preferred language, accommodations, achievements, program level, and mode of study.
• A new school record captures information about school hierarchy, calendar, schedule, special learning needs, and daily attendance.
• A new teacher certification management record captures certification requirements, process, and completions.

What’s new in the sample applications

The higher education and K-12 model-driven apps capture more detailed information in the contact data for each student, such as home and preferred languages.

The higher education and K-12 student portals capture achievement data.

The K-12 portal captures school calendar data.

The K-12 model-driven app captures teachers’ certification and credential information.

What our partners are saying

“As an ISV who has aligned with the Higher Education Accelerator (HEA) since V1, we see the April 22 (V4) release of HEA as a substantial step forward for partners and customers. With the inclusion of the learner record, school calendar, instructor certifications and other new features along with the ability to leverage components from K-12 for Higher Ed, this release truly enriches our greymatter Higher Education Lifecycle CRM and allows us to deliver a comprehensive learner record and true Student 360 view to empower institutions like the College of Southern Nevada to create exceptional student experiences.”

Shekar Kadaba, CEO, Frequency Foundry

“We are seeing a real positive response from the K-12 space since the recent releases of the industry accelerator. It is providing a platform that allows schools to adjust to the ever-changing demands for their industry. The flexible nature of the accelerator has meant that schools have been able to start modernizing the way they interact with their parents and students through the different channels provided with the Dynamics 365 platform. One of the many advantages we have seen for schools is how they can move away from the traditional siloed environment. This has allowed them to interact with their data in ways they have not been able to previously. It is an exciting time being a partner in the education space and leveraging the Microsoft Education Accelerator and Power Platform to improve the whole customer experience in schools.”

Brad Orders, Solution Specialist, Fusion5

“For PwC, keeping our clients’ systems evergreen is as important as upgrading and extending their usability. Private preview allows us to plan and schedule updates in our clients’ data models. We are excited about the new release, which expands the student learning profile and workforce development and directly addresses what we have learned from schools.”

Khue Trinh, Lead Solution Architect Connected School, PwC

Next steps

• Get started right away with version 4.0 of the Dynamics 365 education accelerator on Microsoft AppSource. The data model, solutions, sample applications and data, Power BI reports, and UX controls that come with the education accelerator are available to any Microsoft Power Platform developer.
• For more information, read the education accelerator documentation.

The post Data enhancements in education accelerator appeared first on Microsoft Dynamics 365 Blog.

For over a decade, revenue recognition has remained one of the most complex areas that finance leaders must navigate and manage. At the same time, more and more businesses are introducing subscription-based offerings in an effort to meet evolving consumer needs for innovative and convenient products and services while also creating new and predictable revenue streams. Indeed, the average US consumer now has four subscriptions, according to McKinsey & Company.¹ It is no surprise then that the subscription economy is forecast to grow at a blistering pace in both B2C and B2B markets, rising 18.5 percent year-over-year from $224 billion in 2021 to $275 billion in 2022.²

As organizations add new subscription-based offerings, though, their revenue recognition processes become more complex, and many are challenged to incorporate the pricing and billing scenarios necessary to operate successfully at scale. To meet the growing need of organizations to manage the unique demands of subscription-based business models, we are excited to announce the general availability of Subscription billing for Microsoft Dynamics 365 Finance. Subscription billing is offered at no additional cost to users of Dynamics 365 Finance.

Introducing a new approach to Subscription billing

Often, the most difficult challenge of transitioning to new subscription-based business models is adopting the right technology solution and aligning operational processes to support the complexities of recurring revenue. For example, consumers pay for a single, convenient line item with product-as-a-service offerings. Internally though, obligations and financial performance must be managed. This usually requires organizations to become proficient at allocating portions of customer payments for revenue recognition in multiple revenue streams, such as separate accounting for hardware revenue and the monthly recurring revenue from related and ongoing service contracts.

Subscription billing is specifically designed for managing the ins and outs of recurring revenue and does so through three primary features: recurring contract billing, revenue allocation, and revenue and expense deferrals. In the remainder of this blog post, we provide a general overview of these features and explore how they help chief financial officers (CFOs) to tackle the challenges of the subscription economy.

Learn more: Subscription billing overview.

Recurring contract billing

The ability to correctly account for the revenue from complex subscription offerings is critical to obtaining an accurate picture of recurring revenue, maintaining financial compliance, and providing business leaders with the insights needed to accelerate growth. Subscription billing includes a recurring contract billing feature to help organizations overcome this specific challenge. With recurring contract billing, users have advanced control over pricing and billing parameters, contract renewal, and consolidated invoicing. Recurring contract billing can also handle specific billing requirements such as one-off, milestone, and usage-based, and can incorporate tiered or flat pricing strategies. Ultimately, the recurring contract billing feature shortens the quote-to-cash process. The user experience is also improved by providing an easy pathway to consolidate invoices by customer or item and simplifying the contact renewal and termination process.

Revenue allocation

As we mentioned earlier, allocating revenue into several revenue streams for accounting purposes is one of the unique challenges that participants in the subscription economy face. The revenue allocation feature of Subscription billing provides users with the ability to automate complex allocations and to ensure revenue compliance by handling pricing and revenue allocation across multiple items. Specifically, it helps organizations comply with International Financial Reporting Standard (IFRS) 15 and Accounting Standards Codification (ASC) 606 by assigning default and standalone selling prices and methods to items. This way, users gain flexibility and control by allocating revenue based on standalone prices.

Revenue and expense deferrals

Another challenge in the subscription economy is remaining in compliance with regulations that are still evolving, especially around revenue and expense deferrals. With changing regulations on how organizations recognize revenue, finance teams are apt to get bogged down in spreadsheets, working manually to create formulas and consolidate data for reporting. However, with Subscription billing’s revenue and expense deferrals feature, users can automate revenue and expense deferral processes in alignment with US generally accepted accounting principles (GAAP) standards. The solution also provides a robust and straightforward way of creating schedules for future period postings and consolidating invoices. 

What’s next?

In this article, we discussed the growth of the subscription economy and the unique challenges that organizations face when transitioning or adding new subscription-based business models. We looked at how three features, recurring contract billing, revenue allocation, and revenue and expense deferrals, help CFOs tackle the challenges of the subscription economy.

Subscription billing is offered at no additional charge to users of Dynamics 365 Financeand we’re excited to announce some recent enhancements that make this offering even better. Thanks to a new licensing agreement with Binary Stream Software, Subscription billing now includes advanced features such as support for complex billing, both usage-based and tiered models, and advanced reporting capabilities for companies with recurring revenue. To learn more, check out our recent webinar, How to thrive in a subscription economy, where you can hear from our guest speaker, CEO and President of Binary Stream Software, Lak Chahal.

Sources:

1- McKinsey & Company, 2021. Sign up now: Creating consumerand businessvalue with subscriptions.

2- Juniper Research, 2022. What Will the Subscription Economy Deliver in 2022?

The post Dynamics 365 Finance helps chief financial officers tackle the subscription economy appeared first on Microsoft Dynamics 365 Blog.

Collaborate, innovate, and deliver with Microsoft

As work becomes more complexwith employees, customers, and partners spread across the globeorganizations must improve productivity and operations to stay competitive. Business leaders and project managers need tools that help them stay on top of their work, align teams around common objectives, and elevate project performance.

On April 20, 2022 at the Project Management for a Connected World digital conference, you’ll learn how Microsoft’s connected project experiencesMicrosoft Planner, Microsoft Project, and Microsoft Dynamics 365 Project Operationshelp you stay organized and deliver successful projects. With multiple breakout sessions to choose from, you can create a schedule that matches your goals. Plus, get your questions answered in a Q&A chat that runs throughout the event.

Explore when to use Planner, Project, and Dynamics 365 Project Operations

Planner, Project, and Project Operations enable people to effectively manage projects of all sizes and complexity. Planner works with Microsoft 365, and specifically Microsoft Teams, to help you create and share plans and information-rich tasks with collaborators. Project is the simple and powerful project management solution that helps you execute initiatives of varying sizesfrom quick projects to larger, more complex programs. Project Operations connects sales, resource management, project management, and accounting teams for greater visibility and collaboration.

Project Management for a Connected World is a great opportunity to dive deeper into each of these products to learn which one is most appropriate for your needs. Sessions like, “Choosing the right project management products for your organization” will help you connect the right tools with your upcoming and ongoing projects. You’ll also learn about the differences and benefits of Planner, Project, and Project Operations.

Get up to speed on the latest product updates and roadmaps

At this event, you’ll be able to connect with Microsoft product engineering to learn how the most recent product updates keep pace with the growth of your business and the evolving market. You’ll also get to delve into how the product roadmaps will meet the needs of a more complex hybrid workplace.

For example, the “Microsoft Project introduction and roadmap” session will show the releases over the last year that help drive more collaboration and visibility across your projects, and you’ll get a peek into the exciting innovations planned on the product roadmap.

In “Microsoft Planner: Introduction and roadmap” you’ll learn about the latest Planner updates and future releases.

You can also choose to attend sessions that dive deeper into Project Operations. Explore how the latest releases help boost efficiency in project planning and delivery. Learn more about investments in onboarding, estimating, and resourcing, and find out what Microsoft has planned for Project Operations in the coming months.

Learn how to deliver successful projects with Microsoft solutions

Running successful projects requires smart management of people, attention to budgets, and mitigation of project risks. The right tools give you good visibility across all these aspects of project management, and they allow you to dig into the details as needed.

Whether you’re interested in facilitating teamwork across a hybrid team, effectively resourcing your projects, or managing risk, there will be sessions that will help you understand how project management solutions from Microsoft support you.

Sessions like, “Collaborate better and turn connected project operations data into impact,” will show you how Project Operations helps you work smarter by breaking down the silos between customer relationship management (CRM), enterprise resource planning (ERP), and project management. “Accelerate projects while maintaining project management organization (PMO) governance” will give you a view into how other organizations manage programs, develop governance workflows, and mitigate issues and risk. These and other sessions will give you strategies for using Planner, Project, and Project Operations to run your projects more effectively.

Save your spot

Attend Project Management for a Connected World on April 20, 2022 to learn how Microsoft’s connected project experiences help you run projects more efficiently and deliver results.

The post Attend the Project Management for a Connected World digital event appeared first on Microsoft Dynamics 365 Blog.

Organizations that run their Dynamics 365 Business Central or Dynamics NAV workloads on-premises often have large amounts of data built up from a high volume of transactions. Over time, it may become too expensive to host it on Business Central online.

In addition, many organizations want to glean insights from their ERP data by combining it with external data sources such as IoT, AI, or machine learning capabilities. In both cases, having direct access to information hosted inside the Business Central cloud can be useful.

You can access data in Business Central using REST APIs, of course. However, we’re piloting a way to host the information in an Azure Data Lake outside of Business Central. This capability will allow you to:

• Maintain a lower-cost alternative data warehouse that syncs to your production data.
• Run analytics without disrupting Business Central operations.

Our solution opens up some interesting possibilities for organizations using Business Central. If you’d like to try it out, we’re making it available as a proof of concept at aka.ms/bc2adls.

Configuration guidance

There are two parts to the solution:

• A Business Central extension that pushes incremental data from the database to Azure Storage
• An Azure Synapse pipeline that reconstructs the full dataset from the increments pushed by the extension

Configure the extension with an Azure Storage account and access credentials, and then determine the tables and fields to export. Each time the export process runs, the Business Central extension places the inserts, updates, and deletions that were made since the last export in a container in the Azure data lake.

The Azure Synapse pipeline assimilates updates from multiple exports and creates a replica data warehouse in Common Data Model format. If an entity doesn’t yet exist in the data warehouse, the pipeline creates it.

Use case 1: Periodic exports of Business Central data

The export process can run as a recurring background batch job or as a one-time operation, allowing you to maintain your data in the lake over time. Combine it with a recurring run of the Azure Synapse pipeline to have the final data updated at the lake. You can tune the frequency of recurrence in accordance with an acceptable delay between when changes are made in Business Central and when they’re updated in the lake.

Use case 2: Business Central data archive

Over time, older information in the Business Central database may need to be removed to make space for new operational data. Our solution duplicates the information from Business Central in Azure Storage, while giving you the option to skip exporting deletions. This feature is indispensable to auditing and historical tracking scenarios, because records can be maintained in the lake when they have been removed from Business Central.

To skip deletions for specific tables, uncomment or edit the relevant lines for the subscriber OnAfterOnDatabaseDelete procedure.

Use case 3: Richer analytics

Using Business Central data that resides in Azure Data Storage as a source of analytics decouples it from the Business Central database. The database can then focus on running operational workloads.

Because the data is available in the Common Data Model format, it’s available to an increasing number of analytics services, such as Power BI and Azure data services. Query your Business Central data in the lake using familiar T-SQL syntax using Azure Synapse Serverless SQL pool endpoints, too.

Next steps

Get more information, try out our solution, and read some instructions at aka.ms/bc2adls.

Information about the proof of concept is also linked from the BCTech repository. We encourage your contributions and suggestions.

The post Host your Dynamics 365 Business Central data in Azure Storage appeared first on Microsoft Dynamics 365 Blog.

At Microsoft Ignite last November, we announced Context IQ, a set of capabilities across our Microsoft portfolio that intelligently connects you with the information you need, where and when you need it. Today, we’re sharing how products that leverage Context IQ are redefining work, creating new ways to collaborate, and democratizing access to and the use of information to benefit the organization and ultimately, the customer. 

With this April 2022 release of Microsoft Dynamics 365, the focus continues to be on two critical departments within organizations: customer service and sales. Locating information is a pressing issue as salespeople and customer service agents continue to work across local and cloud systems in collaborative environments. Employees are consistently frustrated updating the same information across multiple platforms and having to jump from app-to-app to reference information and complete tasks.  

It is with great pleasure that I share the latest Context IQ capabilities leveraged in Dynamics 365 Customer Service and Dynamics 365 Sales. We’re excited about the cross-organization collaboration features with Dynamics 365 and Microsoft Teams, including customer support swarming, embedded Teams chat within Dynamics 365, unified Teams meetings experiences with Dynamics 365 data, and sharing and updating Dynamics 365 records within Teams. These new capabilities will continue to nurture and expand collaboration within the workplace, empowering employees with the information and insights they need to thrive, be more productive, collaborate in the flow of work, and focus more time on the parts of the job that matter most.

Seamlessly collaborate in the flow of work

• Customer support swarming in Dynamics 365 Customer Service
• Teams chat embedded within Dynamics 365 Sales and Dynamics 365 Customer Service
• Unified Teams meetings experience for Dynamics 365 Sales and Dynamics 365 Customer Service users
• Share and update Dynamics 365 Sales and Dynamics 365 Customer Service records within Teams

Customer support swarming

Transform an entire organization into a unified customer service team by bringing together the right talent to effectively resolve complex cases with customer support swarming. Using smart rules, customer support swarming suggests skills and invites the best relevant experts to resolve an agent’s issue. When joining the swarm, relevant skills are displayed identifying the expertise of each swarm participant. Participants with key relationships are included as each swarm member brings a unique perspective and skillset to resolve the issue at hand. Powered by Teams, customer service agents and subject matter experts can swarm cases in the applications they’re accustomed to using, including Customer Service workspace and Teams. Customer support swarming can save an agent time by bringing together the right resources to quickly resolve complex issues while maintaining focus on the customer.

Preview available in Dynamics 365 Customer Service in April.

To learn more, visit the documentation: Teams Integration.

Teams chat embedded within Dynamics 365

As we announced last November at Ignite, you can collaborate with stakeholders directly from within Dynamics 365 Sales and Dynamics 365 Customer Service. This capability allows you to use Dynamics 365 data as an organizing layer for your Teams collaboration activity and link chats to Dynamics 365 records, such as sales opportunities and service cases, for convenient access for all participants.

• AI-suggested contacts for Teams-based collaboration. When agents initiate a Teams chat on an active case or a service conversation, they’re proactively provided with suggestions of other agents who’ve resolved similar cases.
• AI-generated conversation summary. Using intelligence, a conversation summary is automatically produced when an agent has a customer conversation and wants to collaborate with other teammates using embedded Teams.

Preview available in Dynamics 365 Sales and Dynamics 365 Customer Service in April.

To learn more, visit the documentation: Teams Integration.

Unified Teams meetings experience for Dynamics 365 and Dynamics 365 Customer Service users

The number of virtual meetings has grown significantly over the past two years, as has the value in having the customer context available for all meeting participants. Starting in April users will now be able to create and join Teams meetings from Dynamics 365 and be able to view and edit records within the context of the Teams meetings interface. Having context of the customer conveniently within the Teams meeting interface reduces the need to switch between apps during the conversation, empowering the user to be more engaged with the customer and increasing the likelihood the customer relationship management (CRM) record receives timely updates. Additionally, Conversational Intelligence capabilities will be integrated into the Teams meeting experience providing sellers with AI-guided suggestions that improve customer engagement.

Preview available in Dynamics 365 Sales and Dynamics 365 Customer Service in April.

To learn more, visit the documentation: Drive seller productivity with a seamless experience between Dynamics 365 and Microsoft Teams meetings.

Share and update Dynamics 365 records within Teams

Teams chat and channels have become an increasingly common place for Dynamics 365 users to discuss customer records. Sellers and agents can easily share, reference, and edit Dynamics 365 records in the context of Teams chats and channels, eliminating the need to switch context or applications to get work done. Other participants of the conversation can see the summary details and choose to view or edit the record right from within Teams or Dynamics 365, whatever their preference. Users will also be able to select posts within Teams and quickly add to Dynamics 365 as an activity update to a specific record.

Preview available in Dynamics 365 Sales and Dynamics 365 Customer Service in April.

To learn more, visit the documentation: Easily edit a Dynamics 365 record within a Microsoft Teams conversation.

Better together

We’re continuing our investment in Context IQ, connecting users with the information they need, when they need it. The power of Context IQ brings you new ways to collaborate and enhance user productivitywhether your team resides in the same city, country, or hemisphere. We’re committed to improving employee experiences by securing real-life solutions to the everyday challenges of locating and updating siloed information across disparate systems and applications.

To learn more, visit the Dynamics 365 and Microsoft Teams webpage.

If you’re not already a Dynamics 365 customer, visit the Dynamics 365 webpage and sign up for a free trial.

The post How Context IQ improves collaboration in Dynamics 365 appeared first on Microsoft Dynamics 365 Blog.

Every year, millions of basketball fans fill out brackets for the Division I Men’s College Basketball Tournament hoping to predict the team that will win it all. The Microsoft Business Applications Applied AI group has joined in on the fun, leveraging AI to help guide our bracket picks.

So far, we’ve had a pretty good run. Out of the 17 million brackets submitted for the 2022 ESPN Men’s Tournament Challenge, the Microsoft Business Applications Applied AI group’s bracket is ranked 21st on the leaderboard, which after four rounds (semifinal stage) is more accurate than 99.9997 percent of all brackets submitted at the beginning of the competition.

In this post, I’ll discuss how we built this bracket and explain how we use similar techniques to power AI capabilities in Microsoft Dynamics 365 applications. Why does this matter? Because businesses want to make better decisions and achieve better outcomes, andas the accuracy of our tournament predictions help showturning to AI to provide those insights can deliver impressive outcomes.

How we build our tournament AI model

Since readers are probably more interested in the construction of our bracket, let’s start with that (for business-minded readers, you can skip to the next section). We’ve previously explained how to build better brackets, and we had deeper dives providing details of our models. To summarize, we take over 10 years of historical data for teams and analyze many factors, including:

• Regular season and tournament outcomes.
• Current player composition, excluding injured team members unavailable for the tournament.
• Historical competitive success of the head coaches coaching this year’s teams.
• Success away from home and in neutral sites, which is where all tournament games happen for the men.
• Historical analyses of seeds and conference successes.

With these factors, we created a model which determined that 5th seeded Houston was dramatically underrated at that position and we were thus able to correctly predict their upset wins over 4-seed Illinois and 1-seed Arizona and that 8th seeded North Carolina would upset 1-seed Baylor and 4-seed UCLA. The model understood team strengths well enough that by the quarterfinals, each of the four teams we predicted to make the semifinals was the stronger remaining seeded team in the four contests. And fortunately for us, all four teams delivered to ensure we’d have a perfect semifinal bracket going into this weekend.

Solving business problems with AI

Businesses have many questions they need answers to today. For example, what’s the likelihood that a customer will churn? What’s the predicted lifetime value of a customer? What products should be recommended to a customer? Will I have enough supply of a given product on the shelf? Accurately answering these questions leads to better outcomes, as customers are retained, loyalty programs are designed to reward your best customers, and customers see the products that are most relevant to them available on the shelf. We have built easy-to-use, out-of-box AI models that are trained on your data so you can get the predictions optimized for your business to answer these questions.

These models use the same concepts that we used to create our bracket, as the propensity of a business outcome can be modeled similarly to that of a sports outcome. Take, for instance, the classical Recency, Frequency, and Monetary (RFM) model for predicting churn. 

• For recency, in the basketball model we look at streaks and “last 10” performance, while in business churn, we look at the recent purchase history of a customer. 
• For frequency, we might analyze the number of wins a team has for basketball, while analogously we look at the quantity of purchases from a customer for our business applications models. 
• Finally, for monetary, this would be the point differential in basketball and quantity of spend in our churn model.

This is only a subset of all features we analyzed to give you an idea of our approach.

Beside the questions above, there are a lot of other questions that businesses are asking in every domain. For example, what are customers saying about our product? How do we identify business entities in text? How do we find the most relevant news articles about suppliers? How do we analyze your processes and automatically label the activities that are being done to identify bottlenecks and suggest improvements? We have AI capabilities to help answer these questions available in our Dynamics 365 product family today.

Of course, AI models need not be fully self-service as human intuition and guidance can be included when desired. This is why we have spent time discussing the importance of explain-ability of models in a recent post. People can take AI and use it as a guide to improve decision-making both in creating a bracket as well as solving your business problems. Namely, our AI models explain the insights so that you can add in your own intuition when planning your next marketing campaign or building your next material requirements plan.

Keeping pace on and off the court

The dynamic nature of our models can be seen with the tournament, too, where we incorporated the early results from additional post-season college tournaments to adjust the modeled strengths of conferences before main bracket play beganin 2022, this meant observing a stronger Atlantic Coast Conference based on Virginia upsetting Mississippi State and Wake Forest winning in outcomes from another tournament’s first round. Such a signal increased the model’s confidence in this conference, leading it to correctly pick a Duke versus North Carolina semifinal and a quarterfinal run for Miami.

In business, the only constant is change. How do you pivot and adjust to the latest disruptions in your supply chain? How would you route customer support calls to the best agents based on real-time staffing changes and that day’s routing behavior? We’re running a full court press in solving these types of problems, so if you want to learn more about how AI can help your business, try our line of business applications, visit our Insights blog, and come apply to the many AI-powered jobs we have for Dynamics 365.

The post Microsoft AI-assisted bracket exceeds 99.9997% of others in basketball tournament appeared first on Microsoft Dynamics 365 Blog.