24R2.1 Release Notes
Ability to Generate Multiple Payment Files
Users can now generate more than one payment file from Real Estate Manager with different configurations based on the user requirements for processing payments. Payment files can be named differently for easy identification when approving payment files. This improvement supports complex AP system environments, ensuring seamless payment processing.
Go to the Payment File Configuration.
User can add or select an existing file.
Improvement in Reviews and Adjustments
We resolved an issue where Real Estate Manager showed a “pre-paid invoices” error when users tried to action a review that only included some of the costs on a recurring invoice. Previously, the system required all costs to be included in every review, even if only some costs changed. This issue caused significant complexity and potential errors. Now, users can successfully action a review and save a contract while only including the costs that have changed.
Improvement in Contract Synchronization
We resolved an issue where users an error when adding options to a rejected lease contract, i.e. a contract which was rejected in the Lease Accounting Manager. Now, Real Estate Manager allows users to add options to rejected leases and select the Reasonable Certainty of Renewal Options, sync with Lease Accounting Manager, and approve the deal.
We resolved an issue where updating an option's duration for an option which was not reasonably certain to be exercised was creating a modification to the contract when it was synchronized with Lease Accounting Manager.
Real Estate Manager has added a validation where the user cannot add a Month-to-Month option which is "Reasonably Certain to be exercised" and save the lease variation. This was earlier resulting in modification and incorrect accounting as the duration of the contract was incorrect.
Improvement in End of Term Functionality
Real Estate Manager has improved the Terminate Payable Contract functionality. The application has improved validation around the following areas:
- Not allowing termination before the start date or the end date of the contract.
- In case of a modified contract, not allowing a termination before the modification date of the contract.
- Added a validation to ensure termination costs cannot be less than 0.
- Resolved the issue where the option to rollback a termination appeared even if the termination event failed.
Improvement in Custom Reports
We resolved an issue where deleted invoices were still appearing in custom reports using data sources Invoices or Asset Invoices. Now, when users delete an invoice, it will no longer appear in custom reports, ensuring accurate data representation related to invoices.