Companies are from physical and transaction based products to subscription based services. A Modern cloud based ERP/Financial solution should support management and invoicing of subscription services
Comments
It's surprising that Microsoft doesn't want to support their own licensing and billing model in their own product - especially since exactly this kind of selling is definitely the market model of the future. In the world of software and web platforms, this model is the default today. Even the car industry is visibly switching to it.
Category: Sales
The BC update for our tenant just failed due to a (not yet) compatible extension and in the corresponding mail from BC the following important consequence was pointed out:
"Important: If you are using the extension, you can continue using the extension on the current version for 90 days. After 90 days, you will be updated to the next release without the extension. Please ensure that you have resolved the extension compatibility issue described above prior to such date."
This means if a developer of an extension is not able to update it within 90 days, all functionality is lost afterwards and - if your business depends on it - you are not able to continue working after 90 days. For this reason, I reject this option and agree with the proposer that it is absolutely essential in an ERP system such as BC nowadays where subscriber models are going to replace nearly every other model of the past!
Category: Sales
Not saying it is perfect (far from even) but what about Service Contracts?
Note: I am looking at BC On Prem
Category: Sales
Have a look at SUBSCRIPTION BILLING SUITE for Dynamics 365 Business Central by Binary Stream Software on the appsouce and have a free trial.
https://appsource.microsoft.com/en-us/product/dynamics-365-business-central/PUBID.binary-stream-software%7CAID.subscription_billing_for_dynamics_365_bc%7CPAPPID.6222ac85-c79d-4f3c-911d-2952e2a9e5cf?tab=Overview
Category: Sales
For subscription billing there should be
1. start date and end date
2. frequency of billing e.g. Weekly, Monthly, Quarterly, Yearly.
3. to automatically generate by Job Queue instead of manually triggered
4. able to cancel/ terminate the subscription in any period.
Category: Sales
Has this made it to prime time yet? Also, revenue recognition needs to be bolstered with the release of subscription type invoicing.
Category: Sales
Jodi, Can you tell me more about the plans?
Currently I am developing an app for recurring / subscription based invoicing. So, I would like to know what Microsoft is planning to release.
Category: Sales
Yes please. We are about to migrate from Xero which has reoccurring invoicing and handles our Dynamics 365 licensing and support contract monthly payments well.
Category: Sales
Hello,
Thanks for your feedback. We do have plans to add recurring invoices or subscription based invoicing to Dynamics 365 for Financials in the near future.
Jodi Christiansen
Microsoft
Category: Sales
Business Central Team (administrator) on 1/19/2024 7:12:36 AM
We have considered this capability for a long time but our current roadmap does not include it as part of the standard product. Existing features do offer basic capabilities that can be utilized, for example to automate invoicing. On AppSource, various related or dedicated subscription solutions are offered today and will be in the future, both for general application and for specific industries. On the short term, we will therefore not develop subscription billing in the standard product but refer to the following existing options:
Sincerly,
Brian Nielsen, Program Manager, Microsoft.
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