What’s New in Microsoft’s 2024 D365FO Wave 1 Release: Key Features and What They Mean for Your Business

Microsoft's 2024 Wave 1 release for Dynamics 365 Finance and Operations (D365FO) isn’t just a routine update—it’s a clear signal of where enterprise resource planning is headed: smarter automation, tighter security, smoother integration, and more adaptive finance and operations management.

If your business is running on D365FO—or you plan to—this update matters. It impacts how you handle processes, access, compliance, and scalability. And if you’re not paying attention, you may miss out on the benefits—or worse, let critical gaps form in your setup.

Let’s break it down.

Key Highlights from the 2024 D365FO Wave 1 Release

Here are the standout features and changes that businesses should care about, along with what they mean in the real world.

1. AI-powered financial Insights and Anomaly Detection

One of the biggest moves in this release is the deeper integration of Microsoft Copilot into the finance workspace. Now, Copilot doesn’t just assist—it actively flags anomalies in expense reports, suggests reconciliations, and even predicts potential issues in your general ledger.

Why this matters: Finance teams now get real-time support, not just static reports. That means faster closes, fewer missed issues, and more strategic decisions.

But—and it’s a big but—AI-based decisions need oversight. If your permissions and controls aren’t tight, Copilot could end up suggesting actions based on flawed data or behavior anomalies that were, in fact, caused by access misconfiguration.

2. Streamlined Intercompany Accounting

This release delivers better support for intercompany transactions, with fewer manual touchpoints and new rules-based configurations.

Learn about the latest Microsoft ERP Trends

Why this matters: For multi-entity businesses, this reduces reconciliation headaches. But again, if access isn’t properly managed across companies, you risk cross-entity permissions that can introduce fraud risks or compliance issues.

3. Advanced Inventory Visibility and Supply Chain Resilience Tools

The Wave 1 update expands on inventory tracking, giving businesses near real-time views across warehouses—even when data is distributed across systems.

Why this matters: More visibility = better decisions. But any time you're exposing data across systems, you need to ensure access permissions follow the principle of least privilege. Role misalignment could lead to someone in one region seeing data they shouldn’t.

4. Improved Power Platform Integration for Automation and Customization

Microsoft is deepening the relationship between D365FO and Power Platform (Power Apps, Power Automate, Power BI), making it easier to build apps, automate processes, and analyze data.

Why this matters: Low-code solutions can supercharge productivity. But they also introduce shadow IT risks. Business users can now build processes that touch sensitive data or trigger approvals—without necessarily having the right roles or security oversight.

5. Granular Role Management and Security Enhancements

This update includes improvements to how roles and duties are assigned, managed, and monitored. There’s now more control over security layers within workflows and user assignments.

Why this matters: It’s a direct response to the growing demand for segregation of privilege and compliance-ready role structures. Microsoft is acknowledging that static role templates no longer work in dynamic business environments.

What NoirSoft Clients Should Know

If you’re working with NoirSoft—or considering it—here’s what this update means specifically for you:

1. Segregation of Privilege is Now a Must, Not a Maybe

With Copilot acting on financial and operational data, the importance of restricting what users—and AI—can access has never been higher. Our tool, D365RoleSecure, helps ensure that AI recommendations and actions don’t cross compliance lines or violate internal policies.

If you've been delaying that role review, this is your cue to make it a priority.

2. New Integrations = New Exposure Points

The Power Platform connections are great for flexibility. But they can also be a backdoor for permission creep. NoirSoft helps you map these integrations, monitor roles, and build audit trails so you’re not left guessing who triggered what, where, and why.

3. We’re Already Optimizing for Wave 1

We’ve been testing and analyzing the new features ahead of the rollout. Our team can help you:

• Identify the opportunities worth activating now,

• Reconfigure your security model to align with new capabilities,

• And ensure you’re not just upgrading but evolving strategically.

Final Thoughts: This Isn’t Just an Update—It’s a Direction

Wave 1 shows where Microsoft is headed: AI-driven decision-making, user-led automation, and fine-grained access control. That’s exciting—but only if you’re ready.

Whether you're a finance lead, security officer, or operations manager, now is the time to rethink your ERP approach:

• Are your permissions as clean as they need to be?

• Are your roles reviewed regularly?

• Is your business architecture ready for more AI and automation?

At NoirSoft, we’re not just reacting to these updates—we’re building with them. Through tools like D365RoleSecure, we help you keep your ERP secure, agile, and ready for whatever comes next.

Let’s turn this update into an opportunity to build smarter, safer systems.