Fall Product Releases
November 2024
We’re thrilled to share our latest enhancements to our platform, designed to streamline your financial close and reconciliation process, improve accuracy, and enhance your team's workflow efficiency. Here’s a detailed look at what’s new:
Automated Advanced Journal Entries
Automate and Post Journal Entries Records Seamlessly to Your ERP
Our automated journal entries feature supports creation and posting directly to your ERP, enabling seamless integration. Whether it’s intercompany transactions, multi-currency transactions or advanced classification, the new improved Accounting rule builder helps you set custom conditions across different entities, matching to your ERP settings.
Approval workflows ensure that entries are reviewed and validated by designated personnel, with an audit trail that offers full visibility by linking to the ERP ledger and routing back to the Ledge platform.
Cash Application
Streamline Invoice Matching and Payment Allocation with Ease
Our new cash application feature supports end-to-end reconciliation of cash flows, from customer invoices to vendor payments and undeposited funds.
With Invoice-to-Cash reconciliation, payments received are automatically matched with corresponding customer open invoices, streamlining cash receipt collection. For outgoing payments, the Vendor Bill Application feature enables quick allocation of payments to specific vendor bills, ensuring efficient tracking of outgoing cash flows. Additionally, we’ve introduced Deposits for customer prepayments and UDF accounts.
Every cash application entry undergoes a structured approval workflow to ensure compliance, with designated assignees. Once approved, the platform enables direct ERP posting, keeping your financial data synchronized across systems without manual intervention.
Empower Data Analysis With Drill-Down Reports
Unlock Powerful Data Insights with Fully Customizable Pivot Table Views
Our new drill-down pivot table feature gives users powerful, customizable reports to analyze and interact with their data in flexible and insightful ways.
With customizable data views, users can filter and slice data as needed, allowing for tailored reporting and focused analysis on specific metrics or transactions, where the dataset is being displayed without any data transformation. The output can be exported, making it easy to share and collaborate with other team members or to integrate with other reporting tools.
Queue Updates
Stay Organized and Productive with New Queue Management Features
Our task management queue has been upgraded to provide greater flexibility and control over workflows. The new features include tagging with custom labels, filtering tasks by configured custom rules, auto-assigning tasks based on predefined rules and receiving daily email notifications for exceptions. These enhancements enable better task organization and prioritization, allowing teams to focus on what matters most.
Infrastructure Enhancements
Faster, Smarter, More Reliable: Upgrades to Boost Your Platform Experience
We have upgraded our database infrastructure and data sync processes to ensure faster, more reliable performance. A new data sync indicator has been introduced, enabling users to track synchronization progress in real-time. These upgrades improve the platform’s overall responsiveness, helping teams work more efficiently with up-to-date data.
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