Roadmap

New Novated Lease module

Allows to transfer lease contract to another customer (from employee to employer) and expose the benefit of the employee for lease novation to employer.

New Penalty Interest Invoicing DD Rule

It allows the system to amend DD Schedule automatically whenever Penalty Interest is invoiced for a Contract. Currently this rule can be enabled only for Financial Products where field “Create Sales Document” is not flagged.

New field “Program Fee (Financed)”

Program Fees have been extended by adding a new field “Program Fee (Financed)”. Now you can set up standard Financed and Upfront Program fees for every Program.

Application attached to Credit Line auto approval

System auto approves Application attached to Credit Line if credit limit with this approval is not exceeded.

Improved Decision Tree

Decision Tree can access Credit Line data.

Minor product improvements

A number of minor bug fixes are included in this release and therefore you get even more stable product.

These features have been added to Soft4Factoring module:

• Ability to skip Factoring Agreement No. input in the Cash Receipt Journal. In this way received fund are applied to the oldest factoring debt. You can configure this option in Factoring Setup window.
• Ability to apply VAT for any type of charges. You can configure VAT groups for each Factoring Product.
• Ability to define Minimum Interest Type and Minimum Interest Value for Factoring Product. You can opt to configure minimal Interest amount to be charged as a fixed amount or input minimal number of days to calculate Interest for amount disbursed.
• Ability to specify Increased Interest Rate. Increased Interest rate is applied after Invoice Due Date.
• Vendor Limit Check and Debtor Limit Check rules are introduced. The following options are available:

– ignore credit limit violation

– show the message to officer but allow to violate credit limit

– throw an error if credit limit is violated

• Factoring Chargeback eliminates lots of manual work when you need to return (reverse) financed invoice back to the vendor for different reasons. You can choose to have Full Chargeback when invoice is returned to Vendor and all charges have been reversed. If there is no Full Chargeback selected then charges to Vendor are not reversed.
• Factoring Invoice Closing Request provides the ability to close quickly the Invoice financed without full Debtor payment received. However, the funds collected from Debtor must be equal or exceed the amount which is the sum of following components: Advance disbursed to Vendor, all types of charges calculated to Vendor up to Closing Request date.

Major switch to web client (access software on your preferred browser). Windows client is not available anymore starting from this version.

Extended leasing business revenue recognition functionality.

Functionality to depersonalize leasing area sensitive data automatically on predefined terms in order to improve compliance with GDPR.

Ready to use PowerBI reports package.

Ready to use PowerBI reports package.