1.2.1 Functional Features

Deferred Charge Liquidation Introduction

This release introduces a new screen designed to streamline the liquidation of charges that are postponed during Supply Chain Finance and Receivables and Payables transactions. These charges can now be liquidated either fully or partially, based on system configurations. The deferred charge liquidation details can be accessed from the Receivables Inquiry, Finance Inquiry, and Charge Inquiry screens.

Additionally, revisions have been made to the Finance Reversal transactions to allow for the effective management of deferred charge liquidation reversals.

Online Charges for all Invoices and Purchase Order Events

This release introduces enhancements to Receivables and Payables transactions, specifically for Invoices and Purchase Orders. These enhancements enable the calculation and collection of charges to be handled seamlessly during transaction processing across all events within Receivables & Payables Management.

Charge Levy on Various Base Amounts

Charges can now be levied based on the following invoice amounts, apart from Net Invoice Amount:

• Base Invoice Amount (excludes taxes and discounts)
• Total Invoice Amount (includes taxes and discounts)
• Acceptance Amount (Acceptance Amount against an Invoice)
• Assignment Amount (Assigned Amount against an Invoice)

Similarly, for Purchase Orders, charges can now be levied based on:

• Base PO Amount
• Total PO Amount (includes discounts and taxes)
• Net PO Amount (includes Miscellaneous charges on top of Total PO Amount)

FCI Message 18 Remittance

This release introduces enhancements to the FCI (write full form) module, specifically enabling the processing of Message 18 for Outbound and Inbound communications. Message 18 is a confirmation sent by the Import Factor to the Export Factor to indicate the remittance of funds. Additionally, the Receivables Inquiry screen has been enhanced to display these messages, while the Invoice and Payment Reconciliation processes have been updated to support this requirement.

FCI Message Inquiry Enhancements

This release introduces an enhancement to the Message Inquiry screen, allowing users to view and validate outbound FCI (Factor Chain Integration) messages before they are sent to the EDIFACTORING.COM platform. Previously, users could only view the messages after they were generated and sent to the data-interchange platform. This enhancement provides an opportunity for early validation and error checking before transmission.

Enhancement to Interest Collection and Rate Revision

The Interest Collection feature has been significantly enhanced to provide greater flexibility in how interest is collected. Previously, the system allowed for monthly interest collection to occur at the beginning of the month, end of the month, or at a fixed interval of every 30 days from the disbursement value date. The enhancement now allows users to collect interest on any specific date, providing more control and customization over interest accruals.

The Rate Revision feature has been enhanced to allow rate changes to be applied on a specific date. Previously, revisions were limited to Auto or Periodic schedules (daily, monthly, quarterly, half-yearly). This update offers more flexibility, enabling businesses to implement rate changes based on precise dates instead of waiting for preset intervals.

The Holiday Treatment feature has been enhanced to align with recent changes in Interest Collection and Rate Revision functionalities. Previously configured at the pricing level, holiday treatment fields are now set at the decisioning level, allowing for more precise management of holiday adjustments.

Tax on Interest

A new feature has been introduced to allow the levying of tax on interest collected for both front-ended and rear-ended transactions during disbursement and settlement. This includes taxes on both the interest and penalty components. These updates are reflected in finance transactions, charges, accounting, and inquiries to support this requirement.

External Payment Support for Charges

A new feature has been introduced to support Cross Border Transfers and External Funds Transfers for credit charges. External accounts can now be configured for receivables transactions, such as Assignment and Reconciliation (Recon). Users can also view, edit account details, or change the external account during the transaction process.

Consolidation of Accounting Entries

A new feature has been introduced to allow the consolidation of accounting entries for transactions, based on configurable settings. This enhancement reduces the volume of entries, improving clarity and manageability—especially for bulk transactions. It also supports more efficient review, reconciliation, and downstream reporting.

Finance Bunching Parameters Enhancements

The Consolidated Disbursements feature is enhanced to configure additional parameters for bunching. The additional parameters include the following:

• For Invoice - file reference, invoice date, stale status, overdue status, source application, funding request date, and purchase order number.
• For Purchase Order – file reference, purchase order date, and source application.

Anomaly Detection of Invoices

A new feature has been introduced to detect anomalies in invoice data, which can be activated through configuration. This feature is crucial for maintaining financial integrity and operational efficiency, helping to identify and prevent fraudulent activities, data entry errors, and inconsistencies in invoice data.