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Expert1 News
News relating to Expert1's Products and Services
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Tango32 V3.95 Released
Thu, 08/03/2012 - 18:30 | 
neil
Version 3.95 8 March 2012
General
- Enhanced Ad Hoc Query system to be able to import data
Loans
- Fixed bug with API calls from external programs such as Phoenix which were creating incorrect repayment schedules for hybrid loans.
- fixed bug with "Repair Schedule" when fees were scheduled to end of term of a loan.
- Fixed "zero divide" error and incorrect handing of fees when they were charged advance on P&I report
- Fixed problem with double up of "date due" in repayment schedule where a loan has several different repayment amounts
- Fixed bug which updatied wrong schedule entries when adding a subledger to a loan.
- Fixed bug in recalculation of loan totals for leases.
- Improved schedule extension logic for drawdowns that reactivate loans
- Improved accuracy of repayment calculations when drawing down on Interest Only Accounts.
- Modified Direct debits export process to use "Transaction Description" as the transaction narrative
- Add new payout method: A: Interest Paid In Advance
- Changed logging system to include changes to client phone numbers in the log.
- New facility to import external documents (PDF, DOC, RTF etc) into the diary reminders for a loan.
- Modified Deli System to include penalty fees as part of the arears balance.
- Modified logic for "Next Due Date" calculation to take into account penalty fees.
- Fixed bug which caused arrears adjustments to cause incorrect payout quotes when using the discounted present value method
Investments
- New Investment Rollover / Payout Wizard to automate the rollover process for investments
- New Form Letter Printing Wizard for printing batches of form letters related to investment payouts / rollovers
- Fix rounding issue when compounding interest over several months
- Fix payout quote to include projected interest between last interest run and "as at date" of quote
- Fixed bug in investment Balance projection report which was out one day on interest calcs which affected Payout Quotes
- Improved order of payout / rollover transactions on Investment statements
- Modified Direct Credit System to prevent Investment payouts generating direct credits
- Fixed Monthly Investment Interest Process to correctly handle accounts imported from IBS where some EOM accounts don't actually have interest credit at the end of the month.
- Modified Commission Report to show Loan Balance & Interest Rate as at Period End Date
- New HistoricBalanceAtMaturity keyword for form letters
- Modified Setup / Parameters to use a separate numbering range when generating investment account#'s
Printer-friendly versionTango32 Version 3.94 Released
Fri, 23/12/2011 - 15:34 | neil
Loans
- Modified Statement Fee charging option to use the DR GL Account from the Business Code of the loan being charged if the subledger for the fee does not have a DR GL Account.
- New option on Business Codes to charge ODI as a debit, and to specify a related subledger.
- New option on Delinquency Reporting System to specify a filter used to calculate totals used as a basis for percentages in the footer of the report.
- New facility to add Loan Assets via XML from an external system such as Phoenix.
- New facility to specify up to 5 related clients when adding a new Loan via XML from an external system such as Phoenix.
- Improved accuracy of projections on the P&I Reduction Report, and Projected Net Balances - especially when a repayment includes a recurring charge such as GST.
- New "Payway" Export Format for Direct Debit and Credit Card transactions.
Investments
- Fixed inaccuracy in interest calculations when rolling over an ROI investment account.
- Fixed inaccuracy in interest projection report.
- Fixed rounding error in IV Payout Quote
Tango32 Version 3.93 Released
Wed, 16/11/2011 - 12:41 | neil
15 November 2011
Investments
Fixed interest balance projection for accounts where interest is paid to investor when due.
Fix interest projection report when account starts on the last day of an interest period
Modified payout quote on investments where interest is paid to investor rather than being capitalized. The interest credit and interest payment now both show on the payout quote.
Loans
Prevent changes to the "Outstanding Balance" field on the "Change Schedule" form.
Modified Statement Fee logic to use GL Debit from Business Code if one is not supplied on the subledger.
Added a "Do not solicit" flag to clients which can be referenced when generating form letters.
Modified system to store the Interest Only term for each hybrid loan rather than extracting this info generically from the Business Code. (This allows hybrid loans in the same business code to have different Interest Only terms.
New facility to display Projected Loan Balance based on History to date as well as Projected balance based on Schedule only.
Added a new "Subledger Type" table which allows classification of Subledgers for use in reporting.
New "Commission Statement" report to display upfront and trailing commissions for each loan per Introducer.
Fixed bug in recalculating repayments for Interest Only loans.
Modified "Days In Arrears" calculation to include penalty fees.
New calculation methods to specify how repayments should be calculated when the interest rate changes on a loan.
New logic to Lock the Repayment Schedule of Active Loans, but still allow changes via the "Change Schedule" form.
Changed logic on Interest only loans where the repayment schedule must be updated to match interest charges: This will now happen even when the repayment schedule on the account is locked.
Loans - Diary Reminders / Tasks
A new facility to tick a diary reminder so that it will appear in a new "Task List".
New options under the client menu to display "My Tasks" and "All Tasks".
Loan Repayment Schedules
Fix bug with due dates for loans that have interest charged on their Anniversary Day when the loan settles on the 30th of the month.
Loan Repayment Calculations
Improve accuracy of repayment calculations for large principal amounts (> $1m)
Loan Interest Calculations
Fix bug recalculating backdated interest when ODI was charged last interest run and it affects the balance
Ensure backdating transactions prior to first interest run generates an adjustment if required
Loan Receipt Allocation Report
Improve accuracy of allocation when account is paid ahead but still in arrears due to fees
Loan Delinquency Reports
New "Disable" flag to hide old reports from being displayed.
New format 12 delinquency report.
Fixed bug which didn't show totals on some reports.
Investment Interest Calculations
When an investment is paid interest in frequencies other than monthly, ensure investment interest compounds on the last day of the period.
Investment Payouts
Investment Payouts now include balances from related sub-accounts.
Improve accuracy of payout quote of a sub account when the parent account is complete
Added validity check to ensure rollover transactions can't predate the target investment.
Loan Repayments - Variable Rate
Fix bug when trying to change repayment schedules one month after settlement.
Loan Subledgers
Fix bug which caused excessive transactions when the same subledger is added to a loan more than once.
Fix bug which duplicated subledgers when browsing backwards and forwards between loans then clicking on the subledger tab.
Tango32 Version 3.91 Released
Thu, 11/08/2011 - 16:24 | neil
Loans- Business Codes
A new option to specify the number of days after a rate change / interest run to schedule a new repayment calculation when the rate changes. You now have the ability to specify a different number of days for the interest-only and principal portions of a hybrid loan.
A new option to preserve any unpaid / overdue entries in the repayment schedule when changing the schedule.
A new option to charge all fees as "D" (Debit) transactions instead of "2" (Special Charge) transactions, and to have those debits affect the arrears balance of the loan.
The arrears details form will now also show outstanding fee balance for any debit fees applied to a loan.
Loans - ODI
Improved the accuracy of Overdue Interest Calculations on accounts where interest is charged on the Anniversary Day where days of grace are specified.
* Loans - Repair Schedule
Fixed Infinite Lopp Bug, and incorrect allocation of special charges when repairing the schedule of a Line-of-Credit loan.
Completed Loans Report
Improved accuracy of report to ensure reversals of paid-in-full accounts net out the outstanding special charge balance on an account.
Loans - Principal / Interest & Projected Balance
Improved the accuracy of the Principal / Interest Report, and Projected Balance estimates for Interest Only accounts.
Fixed bug which did not take drawdowns into account when calculating a projected net balance.
Loans - Variable Rate / Drawdown
Improved the accuracy of repayment re-calculations when varying the rate or applying drawdowns to a loan.
Loans - Receipt Allocation Report
Improved the speed and accuracy of the receipt allocation report.
Loans - Extended direct debits
Fixed a bug when extending direct debits on accounts past their due-to-complete date, to ensure payments due on the day of the interest run are properly included
Loans - Mortgage Security
Add Unit / Lot Number to a security item.
Loans - Repayment Calculations
Improved accuracy of repayment calculations for large (> $1m) loans.
Loans - Transaction Entry
A new facility in Setup / Parameters / Loan-2 to restrict the transaction types allowed when manually entering transactions.
Investments
Improved Accuracy of projected interest charges on the Interest Schedule report.
Fixed bug on projected balance calculation which ignored transactions on the account dated after the last interest run.
Improved accuracy of Investment Payout Quote to match projected balance.
Tango32 Version 3.90 Released
Thu, 21/04/2011 - 11:59 | neil
Loans
- Fix bug with interest rebates not appearing on payout quotes for accounts that had not yet been through an interest run.
- Improved the accuracy of the "Change Schedule" option for accounts that are already active.
- New "RepaymentFrequency" parameter when using the API to create new loans.
- Fixed "Ambiguous column TransactionDate" error on the Receipt Allocation Report
