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Product update: Master your AR collections with ezyCollect’s new Invoice Status feature
ARE YOU TIRED OF CHASING DOWN INVOICES AND MANAGING COMPLEX RULES FOR YOUR COLLECTIONS PROCESS?
We are thrilled to introduce our latest feature – Invoice Status – to help you gain even more control over your collections. It’s one of the simple but powerful ways we make accounts receivable (AR) automation work for your unique business needs.
What is the Invoice Status feature?
This new feature allows you to create different ‘invoice statuses’ for your synced invoices. Now you can pause or exclude invoices, add additional invoice statuses, and prevent chasing follow-up reminders.
The enhanced system for invoice exclusion, which is a pre-existing feature, offers increased reliability. Furthermore, the new system empowers ezyCollect users to customise statuses for their invoices to accommodate various business process situations.
How it works
As a Manager user, you can set up rules based on different invoice statuses you define and add or remove different invoice statuses, such as Invoice Dispute, Exclude Invoice, Pause Invoice, and Mark on Direct Debit, or even create your custom status.
Functionalities and benefits
Add additional information to the invoice statuses that are visible to your customers, helping to improve transparency and communication. You can show this information in email merge field tables or keep it internal for ezyCollect users.
Set an expiration date for some invoice statuses. Once the expiration date is reached, the system automatically removes the...
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OUR VERY OWN HEAD OF PLATFORM AND GROWTH, MUSTAFA ROOMI, SHARES SOME EXCITING AND HIGHLY-ANTICIPATED PRODUCT NEWS.
Hello, I’m Mustafa, and I head up our platform and growth areas as part of the Dext product team. I’ve been at Dext for just over six years, and announcing this brings me a whole lot of joy.
I’m pleased to announce that Multi-Account management is now available!
For many years, individuals that needed to access more than one account in Dext were unable to use the same login credentials (i.e. email address) to access these accounts. This was a huge pain, especially for those:
• Who had multiple businesses and needed separate accounts to manage their finances;
• Who supported many separate businesses
We’ve heard this from our accounting and bookkeeping partners, as well as many of the businesses out there. So much so that it actually became the number one feature request on our feedback platform, UserVoice.
We knew we had to solve this problem. And, after almost eighteen months of nonstop work, I’m pleased to say we have. To take advantage, users can:
Merge existing login credentials into a single one
• Add a new user directly via the add user...
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WITH IGNITION’S NEW PAYMENT METHOD REQUESTS, YOU CAN NOW EASILY SEND REQUESTS TO CLIENTS TO COLLECT THEIR PAYMENT DETAILS SECURELY. MAKE IT CONVENIENT FOR YOUR CLIENTS TO PAY YOU AND SAVE TIME WITH BILLING, COLLECTION AND RECONCILING PAYMENTS.
Payment method requests can be sent to any client or multiple clients at once. Ignition will send a branded email that directs the client to a customer-branded portal to provide their payment details. You will then be able to use that payment method to collect for current and future active services.
Use this feature when:
You have accepted proposals in Ignition but are not using payments for some or all clients yet. This lets you move onto Ignition payments without going sending a new proposal, or waiting for your next proposal renewal.
You want to collect payment details in advance of engaging clients for the first time. This will help customers be more confident to require payment when sending proposals and could speed up and simplify the engagement process....
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NEW XERO CONNECTED APPS!
UK & US - The easiest, but most powerful way to import Xero data to Airtable with no code. Connect to hundreds of third-party applications in Airtable and transform your data, customising how it's pulled into your base.
Propeller Powered
UK - A cloud-based Workforce Management Syster for small to medium Contractors, providing digital certification and real time access to job data, ensuring compliance with regulations. Desiged to eliminate paper, reduce admin time and manage quote to invoice in one, easy to use system.
Finsit
UK - Your one-stop-shop for all things reporting and forecasting. Turn your Xero data into easy to understand graphs and charters, perform 3 way forecasting on cashflow, balance sheets or P&L, and create branded mamangement reporting for your clients that automatically updates.
Data Fetcher Payworks Payroll
CA - From Payroll to HR, workforce management is about more than tools. If you’re looking for outstanding, expert service paired with modern technology, you’re in the right place. Payworks gives Xero users a streamlined experience through direct integration with the Xero Online Journal.
IN MARCH, SHARESIGHT'S FOCUS WAS ON MAKING A NUMBER OF UPDATES TO ENHANCE USER EXPERIENCE, ALONG WITH IMPROVEMENTS TO OUR BROKER SUPPORT.
Our new-look diversity report did not quite make the cut this month as we tease out the remaining few issues. We are however very close to getting this effort across the line.
Apart from the refreshed look and feel of the diversity report, the real benefit of this re-architectured reporting function is that the report will no longer hit timeouts with larger portfolios. We intend to roll out this new approach to all fifteen of our reports, completely removing the long running issue of timeouts from our system.
In addition, this month we were heavily focused on roll-
RELEASE NOTES - 14/04/2023
ing out a number of security improvements in our continuous effort to keep our product safe and secure.
New Functionality / Enhancements
We've introduced support for importing historic E*Trade trades via CSV.
UX / Usability improvements
We introduced the 5th tranche of the revamped payouts table and form, this time extending our new payouts to Australian portfolios and payouts synced to Xero. This release largely completes our work in this area. Our UX improvements focus is now shifting toward the holdings page which has a number of UX issues we’d like to address, including...
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WE ARE PLEASED TO ANNOUNCE A FULLY FUNCTIONAL MIGRATION TOOL IS EFFECTIVELY IMPORTING DATA FROM WORKFLOWMAX TO WORKGURU FOR TRANSITIONING USERS, ALONG WITH OUR NEW INTEGRATION WITH ASANA BEING IN IT'S FIRST LIVE BETA ITERATION. WE ARE ALSO CURRENTLY FINALISING OUR INTEGRATION WITH DROPBOX.
Features
Invoicing off Staff
Billable rates
• WorkGuru now allows invoicing off staff billable rates. To do this please ensure you've set a billable rate against users on the user dashboard. Then when invoicing a project you will be able to use this functionality. For complete details on how to do this, please watch this short video .Invoicing With Staff Billable rates
Q2, 2023: Coming Up Next for Mayday Recharger
IT’S THE START OF A NEW QUARTER AND WE ARE PICKING UP STEAM TO ACHIEVE A SET OF INCREDIBLE Q2 GOALS. BEFORE WE GET STUCK INTO THESE EXCITING OBJECTIVES, LET’S REMIND OURSELVES OF WHAT WE ACCOMPLISHED IN Q1.
Q1 in review
In January, we launched BRAG (Bank Reconciliation Across the Group) which allows businesses with multiple related entities to easily reconcile payments and income to bills and invoices posted to other related entities - saving time and eliminating the risk that a bill could be paid twice.
We continued to enhance our much-loved first product Mayday Recharger, including a new notifications page for late transactions, batch change tax treatments, and a new calculations interface.
Lastly, we made great progress with getting our third product, Mayday Balancer, into beta! Read on to learn more about what's coming up over the next three months.
Mayday Balancer - the launch
Balancer ensures that your intercompany loan accounts will be kept in-check and any inconsistencies will be immediately flagged to you.
When would a finance team need Mayday Balancer?
• When a business has multiple related entities, the entities will almost always have intercompany loan accounts.
• These intercompany loan accounts need to stay in balance, so that all of the entities are clear on what is owed and month/year end consolidation can take place.
Projects
• Project Phases updates have been made for those wishing to use them resulting in a better user experience. Please checkout this short video for Project Phase information Project Phases
• We now allow the addition of To-Do items on the Project details page.
App
Purchase Orders
• Updated version of WorkGuru Kiosk is available in App and Play stores which includes To-Dos, My Tasks, and My Stock Sales on the main menu.
• Our mobile application now includes a task list on the home menu
Bug Fixes
Ezzybills
• Fixed issue whereby creating a new supplier with no name was breaking product imports
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GONE ARE THE DAYS WHEN YOU NEED TO SIT AT THE DESK TO GET THOSE PESKY ADMIN JOBS DONE. WITH OUR SUITE OF MOBILE APPS, YOU HAVE REAL-TIME INFORMATION ABOUT YOUR BUSINESS OR PRACTICE AT YOUR FINGERTIPS, AND CAN TICK OFF THOSE SMALLER TASKS ON THE GO.
We’ve recently dialled up enhancements to our mobile apps, making it easier than ever to work from anywhere. Here are the latest updates to help you power up your productivity.
Capture bills, receipts and invoices with a snap
The Hubdoc mobile app is the perfect way for small businesses to upload bills, receipts and invoices with a quick photo, and share them with their advisor. If you’re an accountant or bookkeeper, it can save you time chasing documents and manually entering data.
We know how important this kind of work is to your business or practice. That’s why in the weeks ahead, we’ll be giving the Hubdoc app a fresh design and some new functionality we think you’re going to love. These are all designed to improve Hubdoc’s usability, speed and performance.
Small business app makeover...
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April Update: Improving the way you work with Synergy
What is the pain?
• The intercompany loan accounts between a business’s related entities can easily fall out of balance:
• Transactions can be posted asymmetrically.
• Foreign exchange adjustments and/or interest can be missed or calculated incorrectly.
• The result is that finance teams must then unravel these transactions to rebalance the accounts.
How will Mayday fix it?
• Mayday Balancer will cross-check the loan accounts and immediately flag any discrepancies between them so that finance teams can be sure that amounts displayed in all entities are the same.
• Users will be able to...
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WE’VE BEEN WORKING TO INTRODUCE A RANGE OF IMPROVEMENTS THAT WILL MAKE YOUR EXPERIENCE WORKING WITH SYNERGY BETTER. THIS MONTH, WE'RE INTRODUCING MORE CONTROL TO THE WAY YOU WORK WITH BILLS AND DOCUMENT TEMPLATES.
Bill Improvements
Bills have now been added to the Security Matrix, so you have greater oversight over who can read, create, edit, and unlock them. Synergy Enterprise customers also have the ability to edit those settings to control how the Bills workflow is administered within your firm, and who by.
Document Template Improvements
We’ve introduced the ability to add a Transaction table to your Project Document Templates. The Transaction Tables, which were previously only available to your Invoice Documents, now have additional Stage information available to be included through bookmarks, including the Stage name, total number of units, total charge, and total tax.
Settings Page Improvements and UI Changes
We’ve made updates to some of the Settings Pages to make it easier to review, edit, add, and search. Simply hover over the line you are reviewing, and an edit icon will appear at the end of the row. Clicking the icon will allow you to edit the data di- rectly without taking you to another screen. You can also sort columns by dragging the column header to a new spot.
The search and filter features of these pages have also been updated, with both now being found at the top left of the table on each page. Clicking the filter icon will open a new slide-out pane and enable you to add filters.
We’ve also made it faster to add new information, with the add button opening a small editing screen, instead of taking you to another...
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