NEW3.01.00 · Released 23 February 2018
NEWfinPOWER Connect
Released in
3.01.00
23 February 2018
- Opened27 Oct 2017
- Closed8 Nov 2017
- Released23 Feb
Article 15021
Job J019853
Commissions; Present Value calculation not working as per finPOWER 5
The External Party Commission Basis of "Present Value" is not working the same as finPOWER 5.
Therefore a new Commission Rule Basis of "Present Value (Amount Financed)" has been added to work the same as finPOWER 5.
The difference is as follows:
- The PMT value for "Present Value" is calculated as Total Payments / NPer
- The PMT value for "Present Value (Amount Financed)" is calculated as (Amount Financed + Total Interest) / NPer
NPer = Term in months
The following standard Summary Page blocks have been updated:
"Account_TransactionDisbursementSummary" has been updated to version 1.01 on 27/10/2017.
"AccountDisbursement_Summary" has been updated to version 1.03 on 27/10/2017.
"AccountDisbursementPayee_DisbursementSummary" has been updated to version 1.02 on 25/10/2017.
"AccountDisbursementsApprove_DisbursementSummary" has been updated to version 1.02 on 27/10/2017.