We see a paradox: technologies that are meant to help business are instead limiting the ability to grow. Therefore the SOFT4Leasing Product Team is constantly thinking about how to develop the product in today’s changing environment, and how to make it even more useful for leasing companies.
Every quarter, we gather all the useful features from various projects and customers’ requests and decide which should be included in the next SOFT4Leasing release. In addition, Dynamics 365 Business Central (Microsoft Dynamics NAV) – the platform our solution is built on – is being constantly developed by Microsoft and a new release appears each year.
Current and supported versions
Constant improvement
What’s new
Current version: SOFT4Leasing Release SL64 (July 2023)
Have access to new features as soon as they’re released
- Hire Purchase financial product has received a possibility to add total calculated VAT for a selected period (when a customer claims to purchase VAT from the tax office).
- A new rule, First Installment Payment Control, has been added to the Financial product. In this way contract activation can be blocked until the first installment is not paid by the customer in advance.
- Approval Workflow Selection feature allows having different approval workflows based on a financial product, maximum customer exposure, and amount financed (e.g., an Application with an Amount Financed higher than 100K can require two approvers)
- Contract rescheduling now supports an easy switch from fixed interest to variable interest and vice versa.
- Applicant variation is now supported for Active contracts.
- Configurable Contact and Applicant field “Registration No.” value checks to decrease the number of errors when entering company number or individual personal number value.
- Possibility to include some fixed additional amount for every installment.
- Possibility to create Insurance packages (like already existing Service packages) has been introduced.
- Simple Address Input feature makes address input easier if you do not need to split the address into detailed components when storing it in the database.
- A new, updated version of the documents data sets is available. It has more consistent variable names, unified address formatting, and some other improvements.
SOFT4Leasing supports SOFT4Leasing Solutions for the current and the last two SL versions. All other versions are not supported.
Previous versions
SL63 (November 2022)
- Fully configurable data checks for “Validate Quote”, “Submit for Approval”, “Submit for Settlement”, “Contract Comply”, “Contract Activate” and “Check E-signature Signers Data” processes.
- New financial product type “Usage Based Rental” which is available when configuring the new financial product.
- Asset variation now is available for Contracts with financial product where “Installment Schedule Method” is TValue.
- Email notifications has been enriched with notification for reaching some certain workflow step. The ability to skip Sales Invoices notifications for specific contracts has been included. Also, an ability to skip email notifications for specific Asset insurance policies has been added.
- New documents drop area pages for Fixed Asset and Contact tables.
- Improved report “Interest Check Scheduled vs GL”.
- Global Search page user interface is simplified for better experience.
SL62 (April 2022)
- Customer portal is available as standalone application. Customers can review his contracts
details, issued invoices and credit notes, download customer statement and payment plan, send
messages to back office, upload supporting documents, download documents templates. - Additional payout figure calculation method ETF only has been introduced which is useful for
rent products. - VIN decoding and configurable check is available.
- New report Leasing Customer Short / Long Term Liabilities (less than one year period and
outstanding period) is available. - Email notifications has been enriched with notifications for:
• Variable interest update.
• Insurance policy expiration.
• Credit Memo document posting. - E-Signature functionality review and adjustments to work the same way for all service providers
(Docusign, Onespan). Ready for extending with different providers. - Services price base has been extended with new option MSRP Sticker Price.
- Service API area has been prepared for extending to integrate with customer’s specific service
providers. - Quick calculator was improved and allows to input custom Residual Value and custom Term.
- Calculated Penalty Interest has received an option to be invoiced on demand, not only with
installment invoicing. Calculation details visibility has been improved and simplified for users.
Planned Updates
Upcoming version: SOFT4Leasing Release SL65 (planned to release in November 2023)
The following features and functionality are planned in SOFT4Leasing version SL65.
-
- Improvements for Master Lease Agreements.
- Vehicle data import from JATO.
- Full-Service lease product improvements.
Microsoft Dynamics 365 Business Central (former Microsoft Dynamics NAV) Roadmap
Our product is built with Microsoft Business Central, which is a business management application for small and mid-sized organizations that automates and streamlines business processes. Highly adaptable and rich with features, Business Central enables companies to manage their finances, supply chain, manufacturing, shipping, project management, services, and more. Companies can easily add functionality that’s relevant to their region of operation, and customize the app to support highly-specialized industries. Business Central is fast to implement, easy to configure, and simplicity guides innovations in product design, development, implementation, and usability.
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