24R2.2 Release Notes
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Ideas Exchange Winner!
Enhanced Deal History: Expanded Details in Comments
We are excited to introduce new enhancements to Deal History events viewing, providing users with clearer insights into their actions thanks to this idea from the Ideas Exchange.
When a user rolls back an EOT event or a Payment Adjustment and navigates to the Deal History events, they will now encounter the following:
EOT Event Rollback:
Detailed information from the original EOT event that was rolled back. This text is added to the existing rollback event.
The original event shows the time and date of the rollback, ensuring clarity in the updated information.
Payment Adjustment Recordation:
Detailed information from the adjustment is conveniently displayed in the Comments column.
Integration of user-entered comments from the Payment Adjustment screen.
Payment Adjustment Rollback:
A new row will be added to the Deal History events, documenting the rollback action.
Details from the original payment adjustment rolled back will be presented for reference.
These enhancements streamline the user experience and provide comprehensive insights into Deal History events. We hope you enjoy these updates and find them valuable in your workflow.
Import and UI Improvements
Balance Adjustments Guardrails
Effective Date
A Balance Adjustment will be blocked from import if the file contains multiple Account Descriptions for the same schedule on different effective dates within the same import file.
Accounting Standard and Account Description
A Balance Adjustment will be blocked from import if the file contains:
An Account Description that does not exist within the deal's accounting.
An Accounting Standard for which the deal is not booked.
Note: Balance Adjustments imports are prohibited if the lease is not classified.
Reporting Improvements
Other Reporting Updates
Removed the number “1” from the “Schedule #” column header on the BU Asset report.
Upcoming Report Retirements
Please remember that we plan to retire the original four versions of the reports below, with the 24R3 release currently targeted for November 2024.
Reports targeted for retirement with 24R3 (targeted Nov 2024):
Portfolio: Trial Balance Report
Schedule: Trial Balance By Account for a Single Month Only
Schedule: Account Activity Trend
Schedule: Account Balance Trend
Additional reminder regarding GL reconciliation methods:
"LedgerEntrySubId" and "LedgerEntryId" are being discontinued as methods of GL reconciliation with the 24R3 release targeted for November 2024. Customers using these values for GL reconciliation should work with their Customer Success Manager or Customer Support to switch to one of the options listed above.
Additional Changes
New Import! Bulk Update for Schedule Numbers
The Renumber Schedule import is meant to streamline the renaming of your schedules.
When can this be utilized?
To clean up incorrect schedule names caused by special characters, formatting issues, or naming convention mistakes.
After the rollback and re-entry of many schedules, the rolled-back schedules usually need to be renumbered.
To correct mistakes or adjust naming conventions that occurred at the time of upload.
To help clients whose portfolios are divesting by implementing a new naming convention.
How to Use:
Go to the Bulk Import workspace.
Select the Renumber Schedule tile.
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Import a Schedule Number Update Template with:
Required fields: Current Schedule Number and New Schedule Number.
Optional field: Comments for additional context.
Follow the prompts to complete the renumbering process.
Validation exists as follows:
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Not Allowed
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Duplicate Schedule numbers:
New Schedule Number is checked against existing schedule numbers
Duplicates within the same import template file – New or Old
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System Operations Console
With this release, we added the ability to view the criteria used to generate reports. The Request Id is now hyperlinked on the Report tile in the System Operations Console. Clicking on the link will open a pop-up window containing the parameters specified by the user to generate the report, where possible.
If the report originated from a system process and not through the Reporting workspace, the values shown are related to the report's database location and sequence number.
Examples of system reports are Classification and LVB Analysis.
Note: Not all reports in the System Operations Console contain the parameter data.
Default Disposition at End-of-Term
LeaseAccelerator Asset Lifecycle Management now allows users to specify the Default Disposition at End-of-Term (EOT) for individual assets using the PIW, ADI, AMU, and API.
This feature supports two disposition settings, Evergreen Renewal (month-to-month) and Terminate without Fee, aligning with the Asset Management UI in the Operational Attributes section.
Using the Default Disposition @ EOT Feature
Configuration Settings:
In the Asset Types workspace, you will continue to assign a Default Disposition at EOT by product category.
PIW (Portfolio Intake Workbook) and ADI (Asset Detail Import):
New: On the Details tab, use the new column to set the Default Disposition at EOT for individual assets. This setting overrides the category setting.
AMU (Asset Management Update):
New: Use the new column to update the Default Disposition at EOT for individual assets. This setting overrides the category setting.
XML Tag and API:
New: Utilize the XML tag to set the Default Disposition at EOT for assets through the APIs available for ImportDeals, ImportAssets, and UpdateAssets. Please refer to the API Guide.
These enhancements streamline the management of asset dispositions at EOT, providing more flexibility and efficiency in asset lifecycle management.
Ledger Configuration
Corrected an issue where the Posting Detail Level in the ledger configuration workspace was not properly saving the Portfolio level option.
Left NavBar
Renamed Transition to Policy Elections in the Left NavBar.
Moved the Contact Management link to the System Administration section in the Left NavBar and cleaned up the misaligned fields and labels in the popup.
Contact Maintenance
Corrected an issue where changing a BU Ledger Code was causing retired deals to be queued up to repopulate the payment schedule.
Asset Events During Modification
Whether you are adding, returning, buying out, or renewing assets during the modification process, LeaseAccelerator handles it more efficiently. If you need to rollback the modification in this scenario, there will no longer be any issues where the rollback was not completed correctly.
File Import
The number of allowed characters in the File Name column has been increased for both text and URL links when using a Manifest import.
New Currency
ZWG (Zimbabwe Gold) is now available for lease transactions. The ZWD (Zimbabwe Dollar) currency will remain available for historical transactions.