Enhancements to modules or feature areas that are included in cumulative update 7

Recently Microsoft Release the third cumulative update for Microsoft Dynamics AX 2012 R2 (CU7). The build number of this cumulative update package is 6.2.1000.4051, this update not including only cumulative hotfixes for Microsoft Dynamics AX 2012 R2, I tis also includes new features for the application business processes:
 The enhancements that are addressed in this cumulative update include the following:

Module or feature area	What’s new	More information
Accounts payable	New options for configuring workflows for vendor invoices.	What's New: Accounts payable features (http://technet.microsoft.com/EN-US/library/aaa4e957-c34c-4f42-8b2f-3a1441aef71a.aspx)
Accounts receivable	External documents can now be sent as email to a customer or vendor by using the email address that is specified by the address purpose field. Any report can be sent as email to an internal employee by using the worker title.	What's New: Accounts receivable features (http://technet.microsoft.com/EN-US/library/809645f2-1669-4ac7-96af-88df3ae69162.aspx)
Budgeting	• You can create a budget plan worksheet template for Excel by using a wizard in Microsoft Dynamics AX. • The budget allocation process is easier, because you can use ledger allocation rules for budgets. • Budget planning workflows can be set up so that they can’t be accidentally deleted or reset. • Budget planning workflows can be set up so that they require a parent budget plan. • You can specify whether budget planning user groups (XDS policies) are used for budget planning. You can also specify the number of associated budget plan lines to include when budget plans are exported to Excel. • You can view worksheet and justification documents from the Budget plan page in Enterprise Portal for Microsoft Dynamics AX. • The process of creating a budget plan from an existing budget plan is enhanced.	What’s new: Budgeting (http://technet.microsoft.com/EN-US/library/09b2d1e5-92a0-4d32-bc24-c01b47d523b6.aspx)
Fixed assets	• You can now transfer more than one fixed asset at the same time. • The acquisition cost of fixed assets can include a miscellaneous charge amount. • The process for acquisition proposals or depreciation proposals for fixed assets can now be run in a batch process.	What’s new: Fixed assets (http://technet.microsoft.com/EN-US/library/74ee3d99-ba02-4483-b50f-fe5c109e0f69.aspx)
General ledger	• An Excel template for journal entries is included on the virtual machine for demo data. • More understandable posting messages for journal lines that have errors in the account combination. • Delete an unposted journal that contains lines. • View advanced rules for a main account. • Easier dimension setup for Excel integration. • Display dimensions in a specified order in Management Reporter.	What's New: General ledger features (http://technet.microsoft.com/EN-US/library/1162f17e-46b7-4b40-8fbe-7f6626e79634.aspx)
Human resources	• (USA) New preparation reports available to help make it easier for employers to complete mandatory human resource reports. • Changes to the forecast positions area . • You can require additional details when worker information is entered or changed, and optionally enable workflow.	What's new: Human resources features (http://technet.microsoft.com/EN-US/library/8977e864-f121-4031-9a75-a9af53fbe074.aspx)
Inventory and warehouse management	• New On-hand entries cleanup batch job can be used to delete unused entries for serialized on-hand inventory, helping to improve the performance of queries for on-hand inventory. • You can combine two or more inventory batches into a new or existing batch. • Added new Role Center for costing and inventory valuation.	What's new: Inventory and warehouse management features (http://technet.microsoft.com/EN-US/library/6ccdf51b-3fb1-410b-8c7f-3e9446466a25.aspx)
Payroll	• You can mass update benefit rates for workers. • Tiered contribution calculation rates for retirement benefit plans. • Create and update payroll tax groups. • (USA) Preparation of regulatory compliance reports for payroll. • Separate positive pay statements for Payroll bank accounts.	What's new: Payroll (http://technet.microsoft.com/EN-US/library/f7d33a7c-61c3-4313-871c-9756b62f74d1.aspx)
Procurement and sourcing	• Financial dimensions can be specified on sales agreements or purchase agreements. • A Totals FactBox is added to the Purchase orders list page.	What's new: Procurement and sourcing features (http://technet.microsoft.com/EN-US/library/7c8d311d-a6af-47c8-8012-fc5a9d5136dd.aspx)
Product information management	You can determine prices using a product configuration model.	What's new: Product information management features (http://technet.microsoft.com/EN-US/library/44620561-2b42-4a4d-99f6-c952b74de93d.aspx)
Production control	Case management functionality is enhanced for documenting and releasing product changes to production.	What's new: Production control features (http://technet.microsoft.com/EN-US/library/91bc99f6-4530-4fa1-8617-96e767ad0e1d.aspx)
Project management and accounting	• Use Microsoft Project to create or update a Microsoft Dynamics AX project plan, and integrate with an Office 365 SharePoint project site. • Use Microsoft Project to create or update the work breakdown structure (WBS) for a Microsoft Dynamics AX project quotation. • Create a WBS template for Microsoft Dynamics AX by using Microsoft Project. • Expanded support for working with project teams, defining project role types, and managing projects. • Expanded support for managing worker assignments and capacity in projects. • Enable audit trails on timesheet entry and reporting. • Improved management of project tasks in a WBS. • Improvements for creating WBS templates for project tasks. • Intercompany pro forma invoices for project costs.	What's new: Project management and accounting features (http://technet.microsoft.com/EN-US/library/7f974cb1-fe38-4a96-a931-568cc0676ce3.aspx)
Public sector	• French public sector commitments functionality is no longer tied to the French country context or require the primary address of the organization to be in France. They can now be enabled for all countries and addresses through a combination of Budgeting parameter and Public sector license configuration key. • You can now dispose of more than one fixed asset at the same time.	What's new: Public Sector features (http://technet.microsoft.com/EN-US/library/7b00bf89-5448-433c-98f9-14e82c39d027.aspx)
Retail	• Prompt for a reason code when the cashier opens the cash register drawer without performing a sale transaction. • You can post store transactions from statements based on the end of the business day instead of the calendar day. • You can use a new statement method to calculate statements by shift. • Passwords can now be changed and reset in Microsoft Dynamics AX for Retail POS. • Cashiers can view additional customer account information in Retail POS. • POS supports Trade Agreement prices by serial number.	What's new: Retail features (http://technet.microsoft.com/EN-US/library/6e6b8efb-ba6d-4825-b938-502fc8fc7d0b.aspx)
Sales and marketing	You can calculate the sales price of an item by using an attribute-based pricing formula.	What's new: Sales and marketing features (http://technet.microsoft.com/EN-US/library/2725b7ec-718a-49cb-bb68-0fe8fd6dd271.aspx)
Backup and recovery	We have added functionality for backup and recovery for cumulative update 7 for Microsoft Dynamics AX 2012 R2.	What's new: Backup and recovery (http://technet.microsoft.com/EN-US/library/94bd9f02-cd04-44bf-82f2-32ebfae1e6b5.aspx)
Data import, export, migration	As of cumulative update 7 for Microsoft Dynamics AX 2012 R2, the Data Import/Export Framework is shipped as part of Microsoft Dynamics AX instead of as an add-on. If you have not installed cumulative update 7, the Data Import/Export Framework is available from the InformationSource services download page (http://go.microsoft.com/fwlink/?LinkId=255246) . For detailed information about the Data Import/Export Framework, see the Data import/export framework user guide (DIXF, DMF) (http://technet.microsoft.com/en-us/library/jj225591.aspx) .	What’s new: Data import, export, and migration (http://technet.microsoft.com/EN-US/library/e40e65fa-681a-4980-838a-96f0b856fb4d.aspx)
Office Add-ins for Microsoft Dynamics AX	Improved performance when you use the Office Add-ins. A new Validate dimensions button helps you locate and correct financial dimensions that were entered incorrectly or that are suspended.	What's new: Microsoft Office add-in features (http://technet.microsoft.com/EN-US/library/30d87b6c-448c-4523-b020-63614776816d.aspx)
Reporting	• Sales taxes and ledger accounts can be reconciled more easily. • Performance is improved for tax reporting. • You can post of sales tax amounts for intercompany transactions to either the source legal entity or the destination legal entity.	What's new: Reporting (http://technet.microsoft.com/EN-US/library/f09d8fb3-b3eb-48e2-9285-22217a06037c.aspx)
Sales tax processing	• Sales taxes and ledger accounts can be reconciled more easily. • Performance is improved for tax reporting. • You can post of sales tax amounts for intercompany transactions to either the source legal entity or the destination legal entity.	What's new: Sales tax processing (http://technet.microsoft.com/EN-US/library/d25a2392-a067-4109-a6c8-c9b286f50c09.aspx)
Update installation enhancements		Apply updates and hotfixes

To download cumulative update 7 for Microsoft Dynamics Ax 2012 R2 go to the following link:
https://mbs2.microsoft.com/Knowledgebase/KBDisplay.aspx?scid=kb;en-us;2885603