Welcome to the August 2024 edition of Woodcore product updates! This month, our focus has been refining functionality and addressing critical issues to deliver a smoother and more efficient user experience. From improved search functionalities to new features for fixed deposits, we continue to enhance your interactions with Woodcore. Let's explore the latest updates below!

Let's explore what's new and improved!

New Features 🚀

Fixed Deposit Account Modification

A new feature allows users to modify fixed deposit account details while the account is "Pending Approval", providing more flexibility before finalizing the deposit account.

Follow these steps to modify a fixed deposit account:

1. Go to Business >> Clients.

2. Navigate to the fixed deposit tab under the chosen client.

3. Open any fixed deposit account that is pending approval.

   

4. Click the "Take Action" button and choose "Modify Application."

   

5. Update the required information and click the Submit button to update the FD application.

   

Bug Fixes 🔧

Teller UI & Account Entries: Improvement on Search by NUBAN Functionality

To ensure accurate and efficient client account lookups, we've resolved a bug in the "Search by NUBAN" feature. Users must now set up configurations in their datatable to utilize this functionality seamlessly.

To do this:

1. Go to Utilities >> Data table on the console.
2. Click the "Create/Edit" button.
3. Select the NUBAN datatable.
4. Check the "Search by" box, which allows the system to recognize the unique data format.

Improvements 🌟

CBG Monthly Report Update

The CBG Monthly Report has been enhanced to include a detailed breakdown of how report balances are calculated, offering greater transparency and clarity for financial reports.

To generate a CBG Monthly report, navigate to Reports >> Regulatory >> CBG Monthly on the console.

1. Select CBG Monthly Report.

   

2. Input the required parameters and click the Run Report button.

   

3. You can now view all the required details on the report.

   

Adjustment on the Penalty Job: Overdue Charge Display

The loan details table has been improved to display accrued and applied penalties on overdue loan installments, ensuring accurate financial tracking and clearer overdue columns.

Conclusion

This August, we’ve focused on enhancing key areas of our platform to give you more control and transparency. As always, our team is here to support you. Should you have any questions or need further assistance, don’t hesitate to reach out.