pryme Fund Management Release Notes

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3.3 (November 2024)

Application enhancements

Reverse sign when posting reservations and usage

To improve clarity during the allocation process, fund ledger entries now display negative amounts. This change makes it easier for users to compare these entries with commitments. While the Fund Allocation window remains unchanged, drilling down into the entries reveals the negative signs, allowing for better alignment and comparison with the commitments.

3.2 (October 2024)

Application enhancements

Post to GL

You can now track the usage of funds for specific processes and post directly to income and balance accounts in the General Ledger (GL). Set Fund Posting Groups, create and post allocations to GL. This feature enables tracking and reporting of funding allocations within your financial records.

Fixes and minor adjustments

  • #149 Calculate Additional amount fields on a fund when get budget/usage
  • #163 Problem when adding and posting additional budget on a fund allocation
  • #164 Project name is missing in Fund allocation list.
  • #165 Additional amount to reserve is showing the incorrect value after updating the Budget

3.1 (August 2024)

Application enhancements

Foreign Currency Allocations

When managing projects funded in a foreign currency, it’s essential that all financial allocations align with the project’s currency. Our system ensures this by automatically setting the funding currency to match the project currency. This guarantees consistency and accuracy in all financial transactions. Currency exchanges will only occur if commitments and the project are in different currencies, ensuring that all financial operations stay consistent with the project’s currency.

Fixes and minor adjustments

  • #157 “Additional Amt. To Use” should not be updated without posted reservations
  • #151 Adding new allocation lines after the usage is fully posted creates strange results
  • #150 Expiry dates on commitments makes it impossible to post reservation without selecting a commitment without exp date

3.0 (June 2024)

Fixes and minor adjustments

  • #132 Fund Look Up on Fund Commitment Lines should show only the available funds
  • #133 Effective Date not working correctly on Fund Commitments
  • #138 Possible to post reservation with no info on the line

2.6 (May 2024)

Application enhancements

Collecting errors for batch posting of allocations

When posting allocations in batch, it’s important to ensure that a single error in one allocation doesn’t halt the entire process. Now, we can post the correct allocations while also generating a list of errors to identify what went wrong with the ones that weren’t posted.

Expiry Date added to Commitment Look Up

When selecting commitments for the reservation process, it’s crucial to consider the Expiry Date, prioritizing those nearing expiration to ensure timely selection.

2.5 (April 2024)

Application enhancements

Limits on types of cost

Allocate funding based on specified types of usage, ensuring funds are spent appropriately. Users can define exclusions for certain types of expenditure within each allocation. This limitation applies to both budget amount and usage, ensuring alignment with allocations. Two filtering methods are available: Basic and Advanced.

Funding by price

Companies can now choose between using cost or price to drive funding. This is made possible through the addition of a field called Usage Amounts From in pryme Funding Setup. By selecting either Cost or Price, users can specify which metric to base budget and usage allocations on. The corresponding caption in the Budget/Usage Amount field dynamically adjusts to reflect the chosen metric, ensuring clarity and accuracy in allocations.

Expiry of commitments

An enhancement for managing commitment limitations and expenditure order efficiently. With the addition of an Expiry Date field to commitments, users can set a cut-off date for costs. Commitments without an expiry date are considered unlimited. When posting reservations and usage, commitments are prioritized by expiry date.

Fixes and minor adjustments

  • #99 Add filter to exclude billable job planning lines

2.4.4 (March 2024)

Fixes and minor adjustments

  • #116 Posting usage in different currencies triggers an error

2.4.3 (February 2024)

Fixes and minor adjustments

  • #111 Added entry type filtering for Usage Amount

2.4.2 (February 2024)

Fixes and minor adjustments

  • #106 Division by 0 error, when posting reservations

2.4.1 (February 2024)

Fixes and minor adjustments

  • #102 Budget and Usage amounts for allocations are incorrect in BC Jobs

2.4 (December)

Application enhancements

Allocation fields with difference amounts

Introducing new fields for the allocation process. Recognizing that it is preferable clarity on changes rather than absolute amounts, we have introduced two new fields: “Additional Amount to Reserve” and “Additional Amount to Use.” These additions enhance user comfort and provide a more intuitive experience when indicating modifications.

Commitment Reclassification

With the reclassification of entries, the process of reallocating and utilizing remaining funds across multiple funds has become more efficient. Reclassified entries seamlessly apply to each other, ensuring that the fund ledger remains consistently up-to-date. This enhancement facilitates easier management and allocation of funds, promoting efficiency in operations.

2.3 (November)

Application enhancements

“Due Date” renamed to “Effective Date*

Changing “Due Date” to “Effective Date” provides a more accurate description, particularly when dealing with funding, as it signifies the point when commitments become legally valid.

Updated “Amount to Use” calculation logic for allocations

The “Amount to Use” calculation has been improved to follow a more logical approach to fund allocation. It now considers the reserved amounts, ensuring that allocations are made in proportion to what is reserved at the row level and preventing to exceed it.

2.2 (October 2023)

Application enhancements

Apply Fund Ledger Entries

A new enhancement for the fund ledger by empowering users to rectify incorrect commitments and initiate cancellations with precision. By specifying the amount to apply, this ensures that ledger balances remain accurate. This enhancement safeguards fund and funder statistics, account statements, and related data, guaranteeing their up-to-date and error-free status.

Fixes and minor adjustments

  • #75 Change currency code when creating commitment should not trigger
  • #77 The description of project on Fund Allocation is not updated

2.1 (August 2023)

Application enhancements

Fund Reservation Lines Editing in Excel

Easily edit Fund Reservation Lines by exporting them to an Excel file for modifications, and seamlessly publish the edited data back into the application for quick updates. This feature streamlines bulk edits and minimizes errors in the fund management process.

Enhanced Filtering for Fund Reservation Lines:

When you choose a fund within Fund Reservation Lines, an additional filter is automatically applied to the Funder selection. This refined filter ensures that the list only displays funders who have made contributions to the selected fund, providing you with more targeted and relevant options.

Descending order on posted documents

Posted documents are sorted in descending order, mirroring the standard behavior of Business Central for a consistent user experience.

2.0 (June 2023 )

Application enhancements

Reclassification of Funds

The reclassification of commitments between funds is now possible, allowing you to rectify any instances where you have mistakenly posted to the wrong fund or utilize the remaining balance on another fund.

Restricted Field Information on Fund Alloc. Line Details Factbox

The factbox will indicate whether the corresponding fund on the line is subject to restrictions or not.

Fixes and minor adjustments

  • #1180 Error triggered for empty amount when posting fund commitments
  • #1207 Post on fund reservation reverses existing entries
  • #1208 Usage is not posted correctly in fund allocation when full reversal is active on Funding Setup
  • #1210 Change to a single fund with commitments from several funders posted
  • #1222 Decreasing the reserved amount when the amount posted is greater than it, should not be permitted
  • #1223 When not Full Reversal, changing Fund No, Funder No., or Commitment Entry No., just creates an additional entry
  • #1262 Fund Commitment lines can be posted without “Due Date”

1.2 (May 2023)

Fixes and minor adjustments

  • #1178 You can create a commitment on a single fund if you select the wrong funder
  • #1179 Negative fund commitments can be posted on a funder with no previous transactions
  • #1182 Budget and Usage amount is not updated from the allocation list
  • #1183 Reservation method must be mandatory in the fund allocation

1.1 (April 2023)

Application enhancements

You can now access the Funding Menu containing everything fund related, from the Role Center directly, without the need to search.

Fund Allocations List

The fund allocations list will serve as the basis of selecting multiple projects/contracts and batch posting allocations, while the individual allocation lines should still be configured on a project/contract level basis.

Fixes and minor adjustments

  • #1144 Minor adjustments
    • Added control for deleting fund allocation header if posted reservation/usage exists for that header.
    • Added control for deleting fund allocation lines when the header is deleted.
    • Added control to not reverse reservation before usage, if usage is posted for that project/contract.
  • #1147 Currency Code not updated on Fund Commitment Lines.
  • #1148 Selecting Commitment Entry from the List and entering it manually displays different behaviour in Fund Allocation Card.
  • #1149 Updated tooltip on field Avail. to Reserve (LCY) in Fund Allocation Lines.
  • #1181 Reversing reservations with a currency code gets the wrong LCY amount.

1.0.0.0 (March 2023)

Initial release