Sage XRT Advanced 3.1

"X Eyes” implementation

The X Eyes (or 4 Eyes) rule is a principle for applying process management based on collective decision-making. The validation of a process is subject to an approval workflow requiring two or more stakeholders.

In Sage XRT Advanced, a process can be seen as a feature, such as creating and managing a transaction (payment, cash transfer, etc.) or creating and managing setup entities (company, bank account, counterparty account, etc.). Stakeholders are users or a group of users (User role).

Sage XRT Advanced provides the ability to define an approval workflow for one or more processes. You can apply a condition to this workflow (for example, a cash transfer must be validated by User A if the amount ≧ 10,000 euros).

Export of bank statements to PDF format

The Bank Statement Entries screen in the Bank Area module allows you to export the entries to PDF format.

A default Export to PDF View is available. In this view, entries are grouped by company and by bank account. For each statement, the following elements are displayed:

• IBAN

• Amounts

• Initial and Final Balance Dates

• Account Currency

Click the Print button, then select Print all (PDF) to generate a report.

Six new additional fields for AEB 43 format

To avoid losing any information when importing AEB 43 statements (Spanish format), six new fields have been added (Additional Info 1 to 6) for the following entities:

• Bank Space / Other / Bank Statement Entries

• Reconciliation / Entities / Bank Entry

• Cash / Entities / Bank Transactions

• Cash / Entities / Cash Ledger

Filter properties display

The mechanism for displaying filter properties has been improved. The full path of each property is now displayed.

Life cycles

The following actions have been added:

• Change Participants

• Change Currency

Interest calculation

New interest calculation modes are available:

• Yield

• Compounded

• Zero Coupon

For each calculation mode, interests can be capitalized / global or not.

Payments with an intermediary bank

Sage XRT Advanced provides the ability to initiate payments with intermediary banks.

In the payment creation form, the Intermediary Bank tab has been added. It contains all the fields required to perform this type of transaction.

Import structures

A new default import structure is delivered: DEF_CTPACC_with_CTP. It allows the creation and update of counterparties (third-parties) and their linked accounts during the import process.

The DEF_PAY_TRANS_CTP_ADDR_IMP structure has been modified and also ensures the creation and update of counterparties and their accounts. This structure supports payments with intermediary banks.

New dynamic portlet

The Reconciliation module comes with a new default portlet. Reconciliation reports are now dynamic.

Account Balances Analysis screen renamed to Discrepancy and Account Analysis

The following improvements have been made to the Account Balances Analysis screen of the Cash module:  

• Renaming to Discrepancy and Account Analysis

• Accounts with no discrepancies can be hidden (without errors)

• Interco. accounts can be hidden

• Accounts without bank statements are shown