Release 70.0.1.0
Calculate instalments and contract variations based on actual days
Store AML information at applicant or contact level
Configurable Controls for Credit Line Application submission
Copy customer bank account details to applications for existing customers
Use batch operators for parallel batch processing
Allow master contracts to support various financial products and originators
Update customer bank account from contract upon activation
Organize originators using group and subgroup structures
Apply amortization profiles to purchase invoice lines
Automate master contract status updates
Contract balance calculation improvements
Set default mileage option in Program
Enable asset discounts during origination
Cancel Asset Return action reverses asset returns automatically
Print Documents action with preconfigured documents templates
Configurable company level azure storage path for documents
Save notification attachments to azure blob storage
Trigger notifications from Monitoring Log entries
How to use
Calculate instalments and contract variations based on actual days
Feature enables Leasing company to calculate installment schedules and calculate contract variation impact based on actual days.
Setup
Navigate to Financial Product add set Installment Schedule Method to Interest on Actual Days and Days of Actual Interest to Act/360
Upon creation of a leasing application, interest calculations may be reviewed on the Interest Calculation Details page.
Contract Variations
The Interest on Actual Days method requires recording contract variations according to their respective dates and calculating interest based on the precise number of days involved.
For example, when a special payment is entered, specifying both the Special Payment Amount and Special Payment Date prompts the system to generate an additional instalment line between the regular instalments.
Store AML information at applicant or contact level
This feature lets the leasing company record AML details at both applicant and customer levels. To activate, go to Leasing Setup and turn on the Show AML Fields flag.
The feature will display AML-related fields at both the Applicant and Customer levels.
Configurable Controls for Credit Line Application submission
This feature enables leasing companies to establish application submission rules when an application is associated with a credit line. Configuration is available at the Financial Product level.
On Credit Line Validity Pass – Determines the outcome of "Submit for Approval" when the application falls within the credit line limit:
Auto Approve (default): Applications within the credit line limit are automatically approved.
Run Submit Logic: The application follows the standard submit logic process.
On Credit Line Validity Fail – Determines the outcome of "Submit for Approval" when the application falls outside the credit line limit:
Proceed with User Confirmation (default): User confirmation is required to proceed if the application exceeds the credit line limit.
Block Submit for Approval: Application submission is prohibited.
Copy customer bank account details to applications for existing customers
This feature lets you copy a customer's preferred bank account details to their leasing application. To activate it, go to Leasing Setup and enable the flag Copy Customer Bank Account To Application.
Use batch operators for parallel batch processing
A tool designed to divide batch processing tasks into separate background sessions, enabling parallel execution of workloads. Read more.
Allow master contracts to support various financial products and originators
This feature lets you create a master contract that's not strictly tied to a single financial product or originator. You can include multiple subcontracts within one master contract, each with different financial products and originators. To activate this feature, go to Leasing Setup and turn on the flags Allow Diff. Fin. Products on Master Contract and Allow Diff. Originators on Master Contract.
Update customer bank account from contract upon activation
This feature allows updating a customer's preferred bank account from their application when activating and converting to a leasing contract, provided the customer is existing. Enable it in Leasing Setup by turning on Update Customer Bank Account From Application. In the Contract Compliance workflow, the compliance officer can decide for each contract if a preferred bank account is needed.
Organize originators using group and subgroup structures
This feature enables the organisation of Originators into hierarchical Group and Subgroup structures. At the Originator level, records can be designated as either Group or Subgroup, allowing users to establish structured relationships by assigning Group and Subgroup records accordingly.
Apply amortization profiles to purchase invoice lines
The feature lets you set the Amortization Profile and period on each purchase invoice line, creating amortization items by predefined rules. By default, these fields are hidden but can be added through personalization.
Automate master contract status updates
This feature automates master contract status updates. The new Master Contract Status Update Run report can be scheduled as a job queue entry to run periodically in the background. Ensure master contract status is configured in Leasing Setup for proper operation.
Contract balance calculation improvements
To activate the new features, you must enable the Use Background Task for Contr. Bal. Calc and Show Contr. Bal. Factbox On Contr. Card flags in Leasing Setup. These features allow contract balance recalculation to run as a background task when a user opens the Contract Card, enhancing both performance and user experience. Additionally, another feature displays contract balances as a factbox on the Contract Card.
Set default mileage option in Program
Feature allows to set a default mileage option on Program level. Default mileage option is update on all asset records when program is selected from quote or application.
Enable asset discounts during origination
Asset records now include List Price, Discount Amount, and Discount %, enabling you to set prices and apply flat or percentage discounts. These fields appear in the asset sections of Quote and Application Card.
Cancel Asset Return action reverses asset returns automatically
The Cancel Asset Return action on the Contract Card lets you quickly undo an asset return made by mistake.
Print Documents action with preconfigured documents templates
Use preconfigured document templates and print actions across quotes, applications, contracts, credit lines, master contracts, and customer records. Read more.
Configurable company level azure storage path for documents
Define company level azure blob storage path by setting Custom Storage Path in Azure Storage Account Setup.
Save notification attachments to azure blob storage
System-generated notification attachments currently occupy significant database space. This feature lets you store notification attachments in Azure Blob Storage. To enable it, set Notification Documents Storage to Documents Storage Location in SOFT4 Setup, ensuring Azure Blob Storage is configured beforehand.
Trigger notifications from Monitoring Log entries.
This feature enables the creation and distribution of email, SMS, and workflow notifications based on Monitoring Log entries. To utilize this functionality, please configure the On Monitoring Flag section within the Notification Setup (SOFT4) page. How to configure notifications read here.
Release 70.0.3.0
Add Stock Book Value option of Item
Release 70.0.4.0
Add Deposit to Initial Invoice
New receivable type „Deposit“ added. Deposit will be invoiced together with Initial Invoicing Run.
Deposit VAT Group added per financial product:
Deposit Clearing Account (Cr.) added to Leasing Posting Setup:
New description field for Initial Invoicing added to Leasing Invoicing Description Setup:
Free Signing with DocuSign
When enabled, envelopes are sent without pre-placed signature tabs. Recipients can freely place their signature anywhere on the document. Use when documents do not contain pre-configured anchor text.
DocuSign on REST API
Reworked the DocuSign integration to use the REST API, providing a modern foundation for enhanced security, improved reliability, and expanded signing functionality.
Release 70.0.8.0
DocuSign - Approve and Decline tab types
Introduced DocuSign Approve and Decline functionality, enabling recipients to approve or reject documents with a simple click in the document. For more information refer to User Guide Signature Types and Mapping part.
Release 70.0.9.0
DocuSign - Carbon Copy recipient
Added support for DocuSign Carbon Copy recipients, allowing designated users to automatically receive copies of completed e-signature documents without participating in the signing process.
Default E-Signature CC Code in E-signature Setup allows selected person to receive CC by default.
Selected applicants on application can be set as CC receivers and receive documents without participating in signing process.
DocuSign - Initial Here tab
Introduced DocuSign Initial Here functionality, enabling recipients to sign using initials on the document. For more information refer to User Guide Signature Types and Mapping part
Release 70.0.10.0
DocuSign - ID Verification
Added support for DocuSign ID Verification, providing an additional identity authentication step before a recipient can access and sign documents. This enhances security and helps ensure that documents are reviewed and signed by the intended recipient using a selected DocuSign identity verification workflow. Read more.
Disclaimer:
If your solution includes custom configurations, please reach out to our team before modifying any settings to ensure your customizations continue to run smoothly alongside these updates. Have questions or want a demo of the new features? Contact our team at info@soft4leasing.com.