Latest updates on functionality and product versions.
We’ve just released a new BPS version that’s compliant with SunSystems 6.2.1 (Unicode environment). It’s available in English, Czech, French and German.
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Version 5.8 of LLP’ s Bank Payment System delivers more than 30 new features and enhancements.
Payment orders may now be prepared in two steps. In addition to the MP – Mark for Payment function there is now ME – Mark for Execution. The payment process may now therefore be split between two users. The first may select transactions for payment, saving them as a batch, and the second will then recall the batch, check all payment instructions within the batch and then create the payment file, and post to the General Ledger. This enables the division of responsibility between team members.
In some circumstances, however, it may still be useful for a single user to perform both steps. This is helpful when there is a delay between initial payment preparation and payment execution because of an internal approval process external to the system, for example if payment execution is conditional on a signature on a printed payment listing.
Selection of invoices for payment is now enhanced by the possibility of selecting invoices based on two separate analysis dimensions. Furthermore, it is possible now to select non-consecutive codes from the code list (you are no longer constrained by a single From and To range). This enhancement applies to Accounts, Analysis Dimensions, Journal Types and Currencies. Additionally, we have increased the number and usage of Additional Description fields in the main ledger, both on payments and on posted statements.
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Our Bank Payment System is available in English, German, Czech and newly in French language.
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We recently did some research to find out which function people find most useful in our Bank Payment System. We’re very pleased to discover that the most useful function is one that was introduced just a couple of months ago.
Some banks do not provide Payment Reference information in their electronic bank Statements, or customers don’t use payment reference properly in their payment instructions. This means that automatic matching can only work on the basis of the Debtor’s bank account number (assuming this is supplied in the bank statement file), but Debtor bank accounts are not usually maintained in SunSystems.
So, we introduced a function in the Bank Payment System that builds Debtor bank details automatically. This feature stores links between the paying bank account that the Debtor has used and the Debtor’s account in the SunSystems Chart of Accounts. When a customer pays from the same account subsequently and if Payment Reference is missing or is wrong, we are able to find the Debtor account in automatically and this means a payment can be matched and posted automatically into the ledger without manual user input. This function saves a very significant amount of time.
Want to know more? Please contact us.