Date: 08.17.2023

In this release, Centime has introduced Supplier ACH account validation to prevent faulty or fraudulent payments and other features.

Features in this release:

• Features
  • Feature 1: Supplier ACH account validation in Manage Payables
  • Feature 2: Enhancements to Account-to-Account transfers in Monitor Cash and Forecast Cash Flows
  • Feature 3: Payouts from payments made on the Customer Portal
  • Feature 4: Users can now add additional fields to the table in Manage Payables
• Fixes for 2.34

Features

Feature 1: Supplier ACH account validation in Manage Payables

Details:

• Supplier ACH account details will be synced from the GL (if available) or users can add in manually from the Supplier side panel.
• Wherever details are added or modified, the validation process is triggered.
• When the account validation status is ‘Validated’ or ‘Validation in progress’, users can use ACH payments as a payment method for the Suppliers.
• When the account validation status is 'Failed', ACH payments are disabled for the Suppliers.

Permissions required to modify Supplier account details:

Feature 2: Enhancements to Account-to-Account transfers in Monitor Cash and Forecast Cash Flows

Details:

1. Users can use any type of account as a source account to perform A2A transfers and can use any type of account as a destination account.

2. When users transfer an amount that exceeds the threshold set for their account, users will be prompted to verify the transfer via a verification code. 

3. Additionally, users can now transfer an amount that is more than the balance available in the source account.

Permissions required to access this feature:

Feature 3: Payouts from payments made on the Customer Portal

Details:

1. When the Manage Receivables users have activated their CentimePay and have chosen to receive online payments via the Customer Portal, their customers can make online payments through ACH or Credit Card on the Customer Portal.

2. When the customer makes a grouped payment that includes multiple invoices, users will now receive the payouts as individual transactions corresponding to the invoices included in the grouped payment for ease of reconciliation.

Permissions required to access this feature:

Settings to activate  Customer Portal payments - here.

Feature 4: Users can now add additional fields to the table in Manage Payables

Details:

1. For a fully customizable experience, users can now add additional fields as columns to the table in Manage Payables.

2. The additional fields are the sub-category for every header column field and can be selected and added as a new column to the table.

Permissions required to access this feature:

• Users must have permission to access the Manage Payables solution.

Fixes for 2.34:

If you want to know more about this release, please contact our Customer Success team at [email protected]