Release v2.60 - 9.9.2024
This release includes three critical updates to our solution, expanding our addressable market and improving the user experience for all AR and AP customers.
Accounts Payable:
Top-level support / Multi-subsidiary approach
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.
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Onboarding: Users can now choose which entities to connect to during onboarding.
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Invoice Automation: Process invoices within one Centime entity while coding them to the correct subsidiaries.
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Payment Automation: Schedule payments across all subsidiaries at once.
Module: Accounts Receivable >> Product Theme: Collection prioritization and management
Enhance collector view with aging metrics
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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.
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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
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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.
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Summary of Update: Allow invoices with incomplete coding to be routed for approval. Allow approvers to view the document viewer's coding tab.
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Resource: Knowledge Base