Following are the enhancements made by Microsoft on Dynamics AX 2012: For example, GL module in AX 2009 is now break into GL and Fixed assets in AX 2012. AX 2009 Module AX 2012 Module General Ledger General Ledger Fixed Assets (New) Bank Cash and bank management Accounts Payable Accounts Payable Procurement and sourcing (New) Accounts Receivables Accounts Receivables Sales and Marketing (New) Inventory Management Product information (New) Inventory and warehouse management Expense management Travel and expense management Production Production control Project Project management and accounting Compliance and internal control (New)