What’s New for You in Dynamics 365 Finance Wave 1 2023? Top 5 New Features | Quisitive

Dynamics 365 Finance is a powerful ERP solution from Microsoft suitable for medium to large enterprises across various industries. It can help organizations streamline operational efficiency, financial management, and decision-making processes, ultimately driving growth and profitability. 

Quisitive is very excited about the release of Dynamics 365 Finance Wave 1 and the value it brings to our customers. All release notes can be found on the  Microsoft site here, but below are our  top five new features included in the latest 10.0.37 release:  

  1. Invoice Capture: To help expedite the accounts payable process, invoice capture is now available. This new feature automates the reading and recognition of vendor invoices by providing optical character recognition (OCR) capabilities. Vendors can now email an invoice to the system, which is converted into an invoice directly in Dynamics 365. Many customers have been asking about OCR functionality, and we always had to turn to expensive ISV solutions or integrations. With this now out of the box in Dynamics 365, it provides a fully connected accounts payable automation solution.  
  1. Financial Tags: The new financial tags available in Dynamics 365 Finance are an alternative to financial dimensions and eliminate the need for ledger reversal and reclass entries. Financial tags are a way for a business to identify/tag financial transactions to better analyze and associate transactions within the business. For the first release, up to 20 financial tags can be created and have been incorporated into the General journal and Global general journal. Financial tags will be incorporated into more transactions and processes with each subsequent release. 
  1. Subscription Billing Enhancements: In the latest release, subscription billing has been enhanced for cost and revenue deferrals within the project accounting and sub ledger. Subscription billing enables organizations to manage subscription revenue opportunities and recurring billing through billing schedules and better recognize subscription revenues.  
  1. Business Performance Planning: This new feature allows companies to create company-wide budgets and perform continuous planning to drive agile decision-making. Using Power BI and Excel, users can model Dynamics 365 Finance data to derive key insights.  
  1. Added localizations and languages: As businesses expand their reach globally, ensuring all regulations are covered becomes more challenging. This new release now accommodates 51 out-of-the-box countries/regions with localizations for Chile, Colombia, Costa Rica, Nicaragua, Panama, Paraguay, and Uruguay. This release includes standard Electronic Reporting for those areas, including regulatory updates for upcoming legislation in Japan and France. Dynamics 365 now covers 57 languages in total. If a language is not covered out of the box, Translation Services through LCS can help generate.  

Questions about this release? Get in touch. 

Are you looking to make the move to Dynamics 365 Finance? Book a cloud ERP migration assessment. 

Are you still using Dynamics AX? Explore the differences AX vs. Dynamics 365 Finance

We are excited to announce that we have been named once again on Accounting Today Top 100 VARS 2023! Quisitive has been ranked #7 on the 2023 VAR 100 listby Accounting Today as one of the leading value-added resellers driving optimization and automation for clients – up from #9 in 2022.

We are also proud to share that we have been included in the 2023 Bob Scott Top 100 VAR list and recognized as a winner for two Microsoft US 2023 Partner of the Year awards.

The Accounting Today Top 100 VARS 2023 are chosen from resellers specializing in selling and implementing  Enterprise Resource Planning (ERP) and accounting software and is based on revenues generated. Recognition with Accounting Today and Bob Scott are big badges of honor for us, and we are thrilled to once again be including in this esteemed list and recognized for our impact in this space.

We love Cloud ERP!

Quisitive is growing quickly and remains committed to delivering the power of the cloud to clients looking to replace legacy accounting & financial management systems with fully integrated and accessible business management solutions:

Our Microsoft business application experts team also supports clients using Dynamics GP & SL with managed services and cloud resource planning.

If you are looking to modernize or optimize your accounting solution, get in touch!

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HFMA 2023 Recap - Feature Image, A female doctor holds a clipboard and looks at the camera, HFMA 2023 logo, green background pattern

The Healthcare Financial Management Association (HFMA) Conference is an annual event that brings together healthcare finance professionals, industry leaders, and innovators to discuss the latest trends and advancements in healthcare finance.

The Quisitive team was honored to sponsor this year’s event held recently in Nashville at the beautiful Gaylord Opryland Resort.  It was an extraordinary gathering of minds, offering insights into the future of healthcare finance and the transformative potential it holds for the industry. In this blog post, our very own Suresh Krishnan shares his highlights and takeaways from the HFMA 2023 conference and shares the key trends that every finance leader in healthcare should keep in mind to improve financial results and thrive in 2023 and beyond

All Eyes are On Digital Transformation and Advanced Technologies in Healthcare Finance

One of the overarching themes of HFMA 2023 was the significance of digital transformation in healthcare finance. The conference shed light on the increasing adoption of advanced technologies such as artificial intelligence (AI), machine learning (ML), robotic process automation (RPA), and blockchain in finance operations. Session speakers emphasized the potential these technologies have for streamlining processes, enhancing data analytics, improving revenue cycle management, and driving cost efficiencies.

Data-Driven Decision Making Will Set You Apart

Data analytics emerged as another critical focus area during the HFMA Conference. During the event sessions, many experts discussed leveraging analytics to drive insights into financial performance, risk management, population health, and patient outcomes. With the exponential growth of healthcare data, there is a massive need to harness its full potential strategically and responsible for strategic decision-making. Data and reporting will remain hot topics for finance professionals in healthcare as advanced analytics tools and techniques enable leaders to make data-driven decisions, optimize revenue cycles, identify trends, and improve overall financial performance. Finance leaders who invest in the tools and infrastructure needed to integrate and report on data will set their organizations apart.

Value-Based Care & Payment Reform is Here

The conference provided a platform to explore the ongoing transition from fee-for-service to value-based care models. Experts highlighted the importance of aligning financial incentives with quality and outcomes, emphasizing the need for collaboration between healthcare providers, payers, and patients. Sessions focused on strategies for managing financial risk in value-based contracts, improving care coordination, and leveraging technology to support payment reform initiatives.

Revenue Cycle Management Remains a Pain Point

I was surprised at the number of vendors showcasing revenue cycle management (RCM) solutions, highlighting the ongoing struggle in this area. The conference showcased innovative RCM strategies and technologies aimed at improving revenue integrity, reducing denials, and enhancing patient financial experience. We were there showcasing our MazikCare platform and Payer Matrix RCM Collections Workflow Module. Discussions covered topics such as automation of RCM processes, predictive analytics for claims management, patient engagement tools, and revenue cycle optimization best practices.

Social Determinants of Health Can Bridge Gaps

I listened to Dr. Thomas Fisher from the University of Chicago Medicine talking passionately about health equity in inner-city communities. His stories from ER during the COVID crisis were very moving. During his session, Dr. Fisher emphasized the need for healthcare technology to address the underlying social determinants of health (SDOH) to achieve true health equity in underserved inner-city communities. Dr. Fisher’s accounts from the front lines of the COVID-19 crisis shed light on the profound impact of systemic disparities on individuals’ health outcomes. As he spoke, it became clear that digital solutions that integrate SDOH considerations are essential for bridging the gap and delivering comprehensive care to vulnerable populations. By incorporating data on factors such as housing, education, and access to resources, healthcare technologies can empower providers to offer personalized interventions and support, ultimately improving the health outcomes and quality of life for individuals in these communities.


The HFMA 2023 Conference was an enlightening gathering that showcased the transformative potential of healthcare finance in driving positive change in the industry. Sessions offered valuable insights into the digital transformation of finance operations, the power of data analytics, the shift towards value-based care, regulatory compliance, and innovative revenue cycle management strategies. The conference undoubtedly left participants inspired and equipped with new knowledge and perspectives to shape the future of healthcare finance. As we reflect on HFMA 2023, it is evident that healthcare finance professionals are at the forefront of driving change, innovation, and financial sustainability in the industry. By embracing technological advancements, leveraging data analytics, and adapting to evolving payment models, healthcare finance leaders can position their organizations for success in an increasingly complex and dynamic healthcare landscape.

About the Author

Suresh Krishnan Headshot

Suresh Krishnan, Senior Director, MazikCare – Quisitive

Suresh is a healthcare IT Leader with CHCIO certification and over 25 years of experience in application development, infrastructure management and cybersecurity. In 2016, Suresh was recognized as a Top100 CIO in Hospitals and Health Systems. Suresh works with healthcare leaders to expand their use of modern technologies to improve end-to-end care delivery and operations.

We are very excited to announce that Quisitive has been ranked #5 on Bob Scott’s Top 100 VARS  list for 2023 as one of the leading value-added resellers driving optimization and automation for clients. The VARS are chosen from resellers specializing in the sale and implementation of Enterprise Resource Planning (ERP) and accounting software based on revenues generated. Recognition with ERP Global Insight is an honor for us, and we are thrilled to be named for our impact in this space.

We love being a Top 100 VAR for ERP and accounting solutions!

Quisitive is growing quickly and remains committed to delivering the power of the cloud to clients looking to replace legacy accounting & financial systems for fully integrated and accessible business management like:

Our Microsoft business application experts team also supports the client using Dynamics GP & SL with managed services and cloud migration planning.

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Many AX users are asking the same question. Is now the time to make the move from Dynamics AX to Dynamics 365 F&O?

Yes. The answer is yes. Not just because the risks and benefits outlined below, but also because at some point, Microsoft will stop AX support entirely.

Saying goodbye can sometimes be tough, but in this case, it isn’t hard to see why now is the time to move on from Dynamics AX.

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Here are 5 extremely compelling reasons to start planning your migration from Dynamics AX to Dynamics 365 F&O

1. End of Mainstream Support

Microsoft has ended mainstream support for Dynamics AX 2012, meaning users no longer receive security updates, bug fixes, or new features. This can leave a business vulnerable to security breaches and other issues. At some point, Microsoft will end all support for AX, so moving isn’t a question of “if” but “how smoothly”.

2. Limited Scalability

As businesses grow and expand, their ERP system needs to scale accordingly. Dynamics AX 2012 has limitations in terms of scalability, which can make it difficult for companies to manage their operations efficiently.

3. Lack of Real-Time Visibility and Access

Dynamics AX 2012 has limited visibility and access, making it difficult for businesses to make informed decisions in real time.

4. Increased Competition

With more businesses adopting cloud-based ERP solutions, companies using on-premises solutions like Dynamics AX 2012 may find themselves at a competitive disadvantage, unable to operate with the agility possible using a cloud-based system.

5. Return on Investment

The ROI of moving from Dynamics AX to Dynamics 365 Finance can vary depending on business size, complexity, and the desired functionality. Nevertheless, businesses that have migrated to Dynamics 365 F&O have seen numerous benefits and cost savings.

Benefits of Dynamics 365 F&O

Improved efficiency and productivity

Dynamics 365 F&O provides more streamlined processes for managing business operations, including financials, supply chain, and manufacturing. This, in turn, can lead to reduced manual labor, improved productivity for employees, and faster and better decision-making.

Enhanced visibility and control

By giving organizations access to real-time analytics and insights, Dynamics 365 F&O helps leaders more quickly identify areas that need improvement and make data-driven decisions to optimize their operations and increase profitability.

Reduce IT Costs

As a cloud-based solution, Dynamics 365 Finance does not require expensive hardware maintenance or software upgrades. Microsoft regularly updates Dynamics 365 F&O with new features, automatically applying updates to the software and reducing the need for costly customizations and integrations.

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Making the move! Quisitive AX Migration Assessment

Quisitive’s Dynamics AX to Dynamics 365 F&O Migration Assessment offers a structured and easy process for expertly planning your migration from AX to Dynamics 365 Finance. As part of this assessment, Dynamics technical and business resources will work to:

After the assessment is complete, the work can start, and you can look forward to a modern, accessible & fully secure cloud ERP to help grow your business.

NAIFA Sage Intacct Case Study Feature Image - NAIFA logo overlaid on image of "main street", a street of shops
NAIFA Moves Its ERP to the Cloud with Sage Intacct
Learn how NAIFA supports its 90 chapters across America with Sage Intacct in the cloud, providing improved access and data security, and better financial reporting and insights.

NAIFA moves its ERP to the cloud with Sage Intacct to unite multi-entity accounting processes and better serve its chapters.

In this case study:

Client: National Association of Insurance and Financial Advisors

Industry: Financial Services

Products and Services: Sage Intacct, Migrating from local servers to the cloud, Security improvements, Licensing, Reporting and insights

Country: USA

“Our Quisitive consultant played a key role in helping us to rebuild our accounting processes to accommodate the new realities of our business. They worked to learn about our individual needs and how we work and helped us take our vision and make it a reality in Sage Intacct.”
Erni Davis
Vice President of Finance, NAIFA


The National Association of Insurance and Financial Advisors (NAIFA) was established in 1890 in Boston. Since then, it has been delivering on its mission to advocate for a positive legislative and regulatory environment, enhance business and professional skills, and promote the ethical conduct of its members. As a proactive and dynamic organization, NAIFA empowers new services for its members whenever possible. But with nearly a hundred chapters spanning 50 states and over 40,000 members, things can get complicated.

The Need for a Cloud ERP and Accounting System

In 2018, NAIFA began offering association management services for its 90 chapters across the country, including much-needed accounting services. NAIFA knew that this new service offering could not be supported by its existing accounting platforms. The organization’s structure was already highly complex, with foundations and PACs not only at the national level but also run by many branches. This new service offering meant they had to find a new solution to accommodate the existing customizations and new scale needed to serve its members properly.


The organization’s leadership board was also pushing to migrate all business systems to the cloud. NAIFA’s existing platform was deployed on-premise, meaning users could only access the system using a VPN connection. Meanwhile, staff were using Sage 50, also installed on-premise on a local server. Security was a concern, and upgrades were becoming problematic. NAIFA knew that to support members with effective and secure accounting services, it needed to migrate its accounting platform to the cloud.


NAIFA had been working with Quisitive as a partner to support their Dynamics SL solution and knew that Quisitive was also an experienced partner across many ERP cloud platforms, including Dynamics Business Central and Sage Intacct. Staff were hearing great things about Sage Intacct as a solution for multi-entity accounting management and reached out to Quisitive to help them get started.

Rebuilding in the Cloud

NAIFA’s team approached the migration as an opportunity to review and optimize its accounting structure and processes. NAIFA’s team wanted to completely change their approach to accommodate the new reality of their organization, and this was the perfect time to evaluate what was working and what would be needed to accommodate the new multi-entity accounting services model they were striving to achieve.

The Impact

Redesigning their accounting system from the ground up with Sage Intacct and Quisitive was a significant project, but it also presented NAIFA with a range of new opportunities to streamline processes and realize substantial results.


Uniform Chart of Accounts


One of the accounting team’s major needs was preparing a uniform chart of accounts. NAIFA’s increasing organizational complexity included four entities at the national level and almost a hundred branches, each with sub-entities of their own. Seeing the big picture for the organization’s finances was tremendously important. With the new chart of accounts in Sage Intacct, they can now create consolidated financial statements and view organization results in one place—which is a major strategic win for the organization.


Better Tracking of Finances


Consolidating the financial systems across the organization dramatically improved how the accounting groups could work and collaborate. The national office has been able to do more to help chapters, with both sides having more visibility into each other’s accounting. More complex invoicing and charging across the organization is also now possible, enabling the accounting team to track finances with greater precision.


Improved Financial Insights


Another significant benefit of using Sage Intacct is the reporting, dashboards, and insights that NAIFA has been able to leverage. Department heads can now clearly see critical financial metrics and reports on an ongoing basis and quickly drill down to the details they need for tracking and decision-making. They no longer need to navigate through and interpret a large, complex, and sometimes confusing spreadsheet to get information.


Improved Access to Financials


The move to a Cloud ERP also had some expected advantages. As 2020 progressed and the COVID-19 pandemic ushered in a new era of virtual work, the growing NAIFA financial team was operating more and more remotely. Sage Intacct’s consolidated reporting and ability to maintain all entities in one environment online with 24-7 access have been highly valuable and set NAIFA apart in its ability to support chapters.


With these benefits, NAIFA’s move to the cloud is considered a major success across the organization.

“Quisitive knows Cloud-ERP and helped us smoothly migrate complex multi-entity accounting processes to Sage Intacct. We couldn’t be happier with the results and benefits we are seeing.”
Erni Davis
Vice President of Finance, NAIFA

A Better Way Forward

NAIFA’s move to the cloud-based Sage Intacct platform was a significant win. It enables their staff to leverage accounting data from any location and manage all their entities in one system. The organization no longer has to budget for and manage upgrades or worry about critical data security threats of disparate on-premise systems.


Innovative and fresh possibilities are already appearing with Sage Intacct at NAIFA. Having all financial data available in one place enables a much more detailed understanding of the operations of individual chapters and helps leadership navigate precarious times with greater agility. NAIFA plans to leverage Intacct’s budgeting capabilities in the future to provide a standard financial statement for each chapter and recommendations for their financing and budgeting.