Rebate Processing - Recommended Procedures
Accounts with Elements setup with rebates on them will be automatically rebated when using the individual Account Close wizard.
The screen below shows an Element setup with a rebate, as per Admin, Elements, "Credit/ Rebates" page:
Optimising Account Processes
One of the most time consuming operations within finPOWER Connect is Account Processes.
Of course, for most Users, this is not really of any consequence. However, for Finance Companies with tens of thousands of Accounts, the time Account Processes takes may become more critical. Therefore, we have carefully reviewed this area with a view to optimising performance.
Account Processes are generally run once a day after that day has been closed off. This is typically after Bank Transactions have been imported and committed for the previous day, i.e. on Wednesday morning Tuesday's Bank Statement is imported and transactions committed to Accounts. At this point, Account Processes would be run to create Payment Due and Standard Transactions for Wednesday and close off Tuesday, including posting Interest Transactions.
Account Processes will run through every "Open" Account and post Transactions as they fall due. This means every Account is examined.
The optimisations made in finPOWER Connect version 3.2 mean that generally an Account will not be inspected unless it needs to be.
Xero General Ledger Interface
finPOWER Connect now directly integrates to Xero's web based Accounting application.
This means your Bank Transactions and Manual Journals can be posted directly into your Xero organisation.
User Administration in finPOWER Connect Cloud
finPOWER Connect Cloud has the ability to add and edit Users.
This includes re-enabling locked out Users and duplicating an existing User to create a new User.
finPOWER Connect Web Services Administration and Pooling Enhancements
With version 3.01.05, Web Services and the corresponding Web Administration facility have been enhanced.
This provides a simpler interface and more powerful tools for monitoring Web Services.
Business Layer Training - Wizard Validator Scripts
This Business Layer training session looks at the use of Wizard Validator Scripts in finPOWER Connect. It demonstrates the scenarios in which they should and should not be used, how the Script events work and what they can be used for.
Watch the video here.
finPOWER Connect Cloud 3.05.01 Enhancements
Payment Arrangements, Withdrawals and the ability to edit more Client information has been added to finPOWER Connect Cloud.
This is the first step towards being able to edit all of the main record types in finPOWER Connect Cloud.
Business Layer Training - Web Services
This Business Layer training session looks at finPOWER Connect Web Services administration, demonstrates the Test Web Services facility in finPOWER Connect and how to create, test and run custom Web Services Scripts.
Watch the video here.
Custom Database Indexes
Intersoft Systems tries to ensure finPOWER Connect provides the best possible performance for the majority of its Users. However, it is impossible to pro-actively ensure every combination of usage is best catered for. Therefore, there may be instances where adding custom indexes to finPOWER Connect will further improve performance.
Note, there are always performance trade-offs when adding custom indexes. For instance, creating an index to improve performance in one area could impair performance in another, e.g. when inserting or updating data into the database.
This blog provides some rules around adding custom indexes.
Centrix Client Monitoring Service
The Centrix Monitoring service is like having your own staff member in Centrix monitoring your clients. Each time something happens to one of your clients, Centrix sends you an email detailing the changes and alerting you to the change in your client’s status. This is great for keeping track of your clients, getting ahead of the collections process and giving you greater visibility over your client base. You can receive e-mail notifications on a monitored client for the following events: