Release v2.60 - New features & Fixes

Modified on Thu, 12 Sep at 5:03 PM

Summary: This release includes three critical updates to our solution, expanding our addressable market and improving the user experience for all AR and AP customers. 

TABLE OF CONTENTS

Accounts Payable: 

Top-level support / Multi-subsidiary approach - TAM EXPANSION 

We are excited to introduce a game-changing feature for businesses managing Accounts Payable across multiple subsidiaries with a centralized AP team. Centime allows users to connect and process bills across multiple subsidiaries simultaneously—treating subsidiaries as coding fields. Previously, Centime supported only one subsidiary at a time, which limited us from fully supporting clients with more complex structures.

  • Onboarding: Users can now choose which entities to connect to during onboarding.

  • Invoice Automation: Process invoices from one entity while coding them to the correct subsidiaries.

  • Payment Automation: Schedule payments from one entity across all subsidiaries at once.

Module: Accounts Receivable >> Product Theme: Collection prioritization and management 

Enhance collector view with aging metrics 

  • Use case: As the collector, I want to prioritize clients at the customer level. To do so, I want to know when a customer exceeds a specific threshold; for example, I want to follow up when a customer has $1,000 30 days overdue. 

  • Summary of update: Added aging buckets to the Customer table of the Receivables module. These can be sorted and filtered allowing the collector to view customers who exceed internally defined thresholds. 

Module: Accounts Payables >> Area: Enable Rapid Invoice Processing

Flexible approval journey  

  • Use Case: As the AP manager, I often require approvers to complete the coding requirements. Today, I cannot send an invoice for approval with incomplete coding. 

  • Summary of Update: Allow invoices with incomplete coding to be routed for approval. Allow approvers to view the document viewer's coding tab. 

  • ResourceKnowledge Base



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