Welcome to our January 2023 newsletter

At PBT Ostendo we focus on Inventory, Jobbing, Manufacturing & Service Based Industries and clients. We appreciate your ongoing support and are excited to continue helping your business thrive in 2023. Our focus in 2023 will be to provide our clients with industry-leading cloud solutions to support your growth and efficiency moving forward.

While we are committed to supporting Ostendo for many more years to come, with the growing demand from our clients for native cloud-based ERP solutions,  we also provide the Cloud Based ERP Solutions Microsoft Business Central and Wiise. 

What’s the difference between Microsoft Business Central and Wiise?

Microsoft Business Central is Microsoft’s Small and Medium focused Cloud Based ERP Solution which was based on the On Premise Microsoft Dynamics Product Navision. It’s a cost effective, fully functional ERP solution for Inventory, Jobbing, Manufacturing & Service Based clients.

Wiise is owned by KPMG, and has been built on top of the Microsoft Business Central Framework. Wiise have added specific functionality improvements via extensions on top of Business Central, and provided localization features for Australia.

If you are considering a shift to a Native cloud ERP Solution, please give us a call on 1300 720 767.

Cloud Payroll Solution

For those considering a Cloud Payroll Solution and require Award Interpretation, Rostering & Time Clock solutions we Implement and Support Keypay, a leading payroll solution for small to medium business in Australia. 

Click Here to read more about Keypay. 

Price Increases

It’s likely we will see continued price increases on various products and services from our suppliers throughout this Quarter. 

We will look to contain any increase in our service rates to 2-3% for the coming year, a very minor adjustment given the current economic conditions.

Ostendo Cloud Hosting

For those clients running Ostendo and looking to remove On-Premise Servers from their organisation to De-Risk and improve Cyber Security, we offer cost-effective hosting solution for Ostendo. 

Utilising Microsoft Azure, we can run Ostendo on a Virtual Server in the cloud, with the latest Cyber Security and Data Retention solutions. For more information please contact us to discuss. 

What’s coming in 2023 Wave 1 for Business Central

Here’s what Microsoft are focusing on in 2023 release wave 1 of Dynamics Business Central.

• One major focus is on simplifying the management of accounting tasks for multiple companies in an intercompany setup. The Intercompany Postings feature has been enhanced to make setup easier, improve visibility, and make intercompany transactions more streamlined and adaptable.
• To improve analysis, Microsoft are introducing the ability to add data for analytics using Statistical Accounts. This feature allows the entry of numerical data for general ledger transactions, providing greater insights for analysis. Furthermore, the G/L Settlement feature allows bookkeepers to apply general ledger entries during reconciliation tasks, making it easier to track progress in high-volume transactions.
• In terms of inventory and warehouse management, Microsoft are simplifying the setup, making it easier to configure inventory features, and migrate data more easily. Item tracking capabilities are also being expanded.
• Finally, Microsoft has incorporated several features and feature enhancements in response to customer feedback and ideas submitted.
  

For detailed information on specific new features of Business Central Click Here to visit Microsoft’s 2023 Release Wave 1 Page.

Business Central App Store

Did you know there are hundreds of third-party applications and extensions for Business Central which can be found on the Business Central App Source.

The list continues to expand each month, with more and moe developer support and integration from third parties. 

Whats coming in February 2023 for Wiise

In February 2023, Wiise will be moving to the Microsoft Business Central 2022 Wave 2 Release. This release brings a number of new features and improvements to the platform, making it more powerful and user-friendly than ever before.

Some specific features include:

• The ability to reverse journal entries from posted payment reconciliation journals. This means that users can now easily undo any mistakes they may have made during the reconciliation process, making it simpler and more efficient to manage their financial accounts.
• Another notable feature is the updates to the Bank Statement reports. These reports now include payments that were outstanding when the bank reconciliation was posted, providing users with a more complete picture of their financial situation.
• Another important update is the ability to set variant codes to mandatory. This allows users to ensure that the correct variant codes are used for their items, making it easier to manage and track their inventory.
• The release also includes the ability to partially apply item charges. This feature allows users to apply charges to items in a more flexible and customizable way, such as applying 50% of the freight charge on the first delivery and the remaining 50% on subsequent deliveries.
• Finally, the new Modern Action Bar is a great new feature that helps to reduce clutter and confusion. This new menu bar allows users to see only what they need on every menu in Wiise, keeping related actions together and avoiding the same action from appearing in multiple menus. This makes it easier for new users to navigate the platform and find the tools they need.

 To see the full Release Notes and Features, visit Microsoft’s Release 2 2022 Page. 

Wiise Shopify Connection

The Wiise Shopify Connector now includes a feature called the Variant Creator, which generates variant codes for Shopify that clearly indicate the variant option. For example, if an item called “Item A” comes in sizes S, M, and L and the color blue, the variant codes will be BLU/S, BLU/M, and BLU/L.

Additionally, the Wiise Shopify Connector has been updated to import partially paid orders from Shopify, and applies the partial payment to the order and the customer journal.