Welcome to the July 2024 edition of Woodcore product updates! This month, we're introducing a host of powerful enhancements and essential fixes designed to optimize your experience.

Let's explore what's new and improved!

New Features 🚀

Loan Account: Edit Repayment Schedule

This feature enables users to modify a loan's repayment schedule, provided the loan is still within its repayment period. Users can adjust the principal and interest amounts, ensuring the new figures do not exceed the initially booked amounts. This flexibility allows for better management of loan terms, accommodating clients' needs more effectively.

To use this feature,

1. Navigate to an Active Loan account on the CBA.

   

2. Go to the Repayment Schedule tab and click the Edit Schedule button.

   

3. Proceed to modify the loan principal and interest.

   

4. Finally, click the Submit button to apply the changes to the loan.

SMS Report

Users can now generate detailed reports to monitor the delivery status of SMS messages sent to their clients. This feature enhances communication tracking, allowing users to verify the successful delivery of essential notifications and updates.

To generate an SMS report:

1. Navigate to the Reports module on the CBA, scroll to the Organization Reports, and click on the SMS Report.

   

2. Input the necessary parameters, i.e., Start Date, End Date, and Generate Type, and click the Run Report button.

   

3. After the SMS report is generated (usually in less than 3 seconds), you can download and view it.

   

Improvements 🌟

Add Reporting Date to Daily Transaction Report Sheets

The Daily Transaction Report sheets have been enhanced to include reporting dates, providing users with a more explicit timeline of transactions. This improvement ensures more precise record-keeping and simplifies the tracking of financial activities.

To view this improvement, generate a Daily Transaction Report in the Organization Reports module.

Ability to Download Multiple GL Reports in a Single Excel Workbook

The CBA now offers the capability to download multiple GL reports within a single Excel workbook. This enhancement streamlines the reporting process, enabling users to consolidate their financial data efficiently. Users can select multiple GL accounts for reporting, making analyzing and comparing financial information easier.

Bug Fixes 🛠️

Extra Entries in System Transit and Loan Portfolio Ledgers After Undo Disbursal

A bug that caused extra entries to appear in the System Transit and Loan Portfolio Ledgers after an undo disbursal has been resolved. This fix ensures that ledger entries accurately reflect the current state of transactions, maintaining the integrity of financial records.