Page 13 - Millennium U4F Brochure 2021

Unit4 Financials V2020
Discover the Latest Unit4 Financials features in V2020
The naming convention may have changed, but the latest version of Unit4 Financials offers all the new features you would expect.
New features arriving in V2020 include:
• Element Authorisation.
• Change Log Anonymisation.
• Provisional year end.
Plus a wide range of technical improvements...
Along with the additional functionality, V2020 brings a new approach to regular updates - adding a version number to the end, based on the quarter it is released in. For example, the current release is V2020 Q3.
It is also important to note that
V13 and all previous versions of Unit4 Financials will no longer receive full support, so if you haven't already done so it is advisable to start considering upgrading to the latest supported version. V2020 introduces a range of new features and fixes, including:
Element Authorisation
It is now possible to use the
element master template to display the element during a workflow authorisation within the ‘show work item’ function. This gives authorisers more information when deciding to approve the account.
Change Log Anonymisation
This gives accounting teams
the ability to remove personally identifiable information from any history and Audit Trail records for this element, meeting GDPR requirements.
The following parts of the element master are considered to be personally identifiable:
• Element name, short name and long name.
• Federal tax ID.
• Social security number.
• Tax number.
• All address details.
• All bank details.
• All direct debit mandate details.
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V2020