The importance of adopting sustainable business practices cannot be overstated. At EFOQUS, this is a topic near and dear to our hearts. That’s why we were excited to hear about the new sustainability features coming with Microsoft Dynamics 365 Business Central 2024 release wave 1. This update empowers organizations to monitor their impact on the environment, right from within their ERP systems, making it easier than ever to adopt more sustainable business practices. Here we’ll take a closer look at the new Sustainability Management feature for Business Central.
Sustainability Management for More Sustainable Business
Prompted by user feedback, Business Central 2024 release wave 1 offers a major upgrade in how businesses approach environmental accountability. With the upcoming release, users can expect enhanced capabilities for tracking and reporting greenhouse gas emissions, exemplifying sustainable tech solutions for sustainable business practices. The platform will aid in collecting data and reporting on sustainability activities aligning with standards such as the European Union’s Corporate Sustainability Reporting Directive (CSRD) and other ESG standards. This not only encourages sustainable business practices, but also drives positive environmental impact, cementing and facilitating your organization’s commitment to a greener future.
Business Central Sustainability Features
At its core, Sustainability Management offers a comprehensive solution for recording and reporting on a broad spectrum of sustainability information, whether it’s qualitative or quantitative data, forward-looking strategies, or retrospective analysis.
The new Business Central release introduces Sustainability Journals and Recurring Sustainability Journals to streamline data recording. Built on the foundation of the Chart of Emission Accounts, these journals make it easy to record data across different emission groups, subgroups, and formulas. Sustainability Management also supports a variety of emissions, ensuring a comprehensive approach to sustainability reporting. Here’s an overview of some of the components that make up Sustainability Management:
Sustainability Journals
Sustainability Journals play a pivotal role in tracking sustainability-related activities and metrics, providing organizations with valuable insights for informed decision-making. Whether through manual data entry or utilizing built-in formulas, our platform ensures accuracy and efficiency in emission calculations, enabling businesses to adopt sustainable tech solutions seamlessly.
Chart of Sustainability Accounts
The Chart of Sustainability Accounts forms the foundation for organizing emissions data within Dynamics 365 Business Central. With customizable categorization options, businesses can track various sustainability metrics effectively, aligning their reporting efforts with strategic objectives and regulatory mandates. The platform empowers organizations to embrace sustainable business practices and drive positive change in their operations.
Sustainability Entries
Within Dynamics 365 Business Central, emission data is meticulously organized within the Sustainability Ledger, facilitating seamless reporting and analysis. By leveraging Sustainability Entries, organizations gain valuable insights into their environmental performance, driving continuous improvement and optimization. Sustainability management becomes an integral part of your business strategy, driving tangible results and fostering a culture of environmental responsibility.
Future Sustainable Tech Development
The new Sustainability Management feature isn’t just about compliance—it’s about enhancing business processes and productivity. By simplifying the collection of emissions data and providing robust reporting capabilities, Microsoft is laying the groundwork for future expansion and automation. With Business Central’s new sustainability feature, organizations can embark on their sustainability journey with confidence, knowing they have the tools needed to drive positive change—for both their business and the planet.
This development is just the beginning. Microsoft is committed to enhancing sustainability features in Dynamics 365 Business Central by adding more capabilities and improving integration with other Business Central features. This will ensure that the platform continues to lead the way in sustainable tech solutions for sustainable business practices.
The introduction of sustainability features in Microsoft Dynamics 365 Business Central’s 2024 release wave 1 marks a significant step forward in the journey towards more sustainable business practices. At EFOQUS, we recognize the importance of environmental responsibility, and we’re thrilled about the possibilities these new features bring. By enabling organizations to monitor their environmental impact directly within their ERP systems, this update makes it easier than ever to prioritize sustainability.
Ready to embark on your sustainable business journey with Business Central? Get in touch with EFOQUS today and let’s start making a difference together.