Release v2.33 - New features

Modified on Wed, 02 Aug 2023 at 02:15 PM

Date: 08.02.2023


In this release, Centime has further enhanced its invoice automation capabilities by enabling invoice line item capture for better accuracy.


Features in this release:


Feature 1 - Line items capture for uploaded invoices in Manage Payables

Details:

  • When invoices are uploaded in the ‘Documents’ tab, items listed in the invoice will now be captured and auto-sorted as ‘Expenses’ or ‘Items’.
Click here to know more about 'Invoice capture'




  • Under the new ‘Invoice fields’ settings, fields that are available in the General Ledger and the category they’re available for will be shown. Users will also be able to view the fields marked as mandatory for the category in the GL. Invoices will be coded against fields specified in this section.

Click here to know more about the Invoice fields.




  • Every line entry in Expenses will need a GL account specified against it. Similarly, every line entry in Items will need an Item code identified.




  • Users can always move an entry from Expenses to Items and vice versa if it is not captured correctly.



  • Users can also add manual entries to Expenses or Items if not captured.


  • Based on the invoice and the existing invoice approval policies, the appropriate policy will be applied to the invoices.


Permissions required:


Permissions forPermissions inPermissions title

Uploading and editing invoice documents

Manage Payables

Upload, process and code documents

Modifying the invoice fields settingsManage Payables

Manage document settings



Feature 2: Plan receivables in Cash Plan


Details:


  • Users can now plan their receivables activities in the Cash Plan section in Monitor Cash and Forecast Cash Flow solution.



  • Users can modify the expected date and the status of the invoice to save a plan.





  • Once a plan is saved, the invoice is marked with a ‘P’ icon to indicate the planned status.




  • In Manage Receivables, users will be able to identify planned invoices with the ‘P’ icon. When users modify the expected date or the status of the invoice, the plan is modified and the ‘P’ icon is dismissed.



  • All the actions taken on the invoice, including planned actions and taken actions, are recorded in the Invoice history.




Permissions required:


Permissions forPermissions inPermissions title

Planning receivables in the Cash plan

Manage Receivables

Plan receivables

Modifying/keeping the plan on the invoiceManage Receivables

Manage AR aging, invoice dates and statuses



If you want to know more about this release, please contact our Customer Success team at cs@centime.com 



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