February 2020

Discover the latest Unit4 Financials features in V14

This post shares all the functionality available on Unit4 Financials V14. If you are upgrading from an older version of Financials, you will get all of the below features plus all the very latest features from V13, V2020 and Continuous Release.

If you are on V14 remember that at end of 2022 it will fall outside the Unit4 supported software window. If you don’t upgrade before that date, you may incur extended support charges from Unit4.

Now may be an ideal time to look at the options that are available to you and the benefits you will gain from an upgrade.


Element Workflow

To ensure the accuracy of master data and minimise the risk of fraudulent creation or modification of key master data, capabilities have been added for creating and approving master data.


Flexi-Fields

The Flexi-field capability at element level has been extended to transaction level, which allows you to capture unlimited amounts of business-specific dimensions, perform more detailed analyses and calculate more detailed KPIs and intelligence, in order to support both strategic and operational decision making.


Billing

Replacing the legacy e-billing module, the new billing module is fully integrated with the core of the financials framework.


Financials new features:

  • Element Authorisation
    • Element authorisation rule master
    • Element authorisation workflow process
    •  Import/export of element authorisation rules
  • Flexi-fields for finance transactions
    • Transaction Flexi-fields in table link
    • Browse ledger and aged analysis
  • Multiple attachments for finance documents
  • Assisted element template.
  • Identification of cancelled transactions
  • Input–derived fields
  • Revaluation chain – dates
  • Intercompany – copy attachments
  • Reconciliation – scroll folders independently
  • Currency write-offs
  • Element finder – IBAN code now added
  • Pay proposal codes – now display the full proposal code
  • Payment reference number
    • Unique payment reference generation
  • Matching – write-off tolerances now defined in home, dual and matching currency

Administration New Features:

  • Capability by company
  • Inactivating users - active until date specified on master
  • Change password and locked users
  • Password parameters – specify number of uppercase and lowercase
  • Diary notifications and scheduled task
  • Scheduled Tasks: Allocation, allocation chain, balance audit, currency revaluation chain, currency revaluation rule, diary notifications, document audit, generate pay/collect proposal, generate reminder letters, intercompany processing, table link document load, table link element load and tax transfer
  • E-mails subject and sender configuration in workflow
  • Menu content provider - enables you to store defaults for selectors and presenters
  • Downloads – downloads section on administration console, print formatter and workflow designer
  • Application header text - define application header text in application parameters

A painless Unit4 Financials upgrade starts here

If you are on V14 remember that at end of 2022 it will fall outside the Unit4 supported software window. If you don’t upgrade before that date, you may incur extended support charges from Unit4.

Now may be an ideal time to look at the options that are available to you and the benefits you will gain from an upgrade.

To explore your upgrade options, contact us today