CoFi Software Release Notes | April 26, 2022

Modified on Wed, 27 Apr, 2022 at 11:44 AM

PRODUCT UPDATES:

Old Payment Request View

The Old Payment Request View will be phased out next week in the May 3, 2022 update. Users are encouraged to transition to the New Payment Request View this week.

What is the New Payment Request View?

The New Payment Request View is structured to be used as a printable invoice. The first, or "Home", page contains required information to make a proper payment decision, including:

Payee Information
Categories & Requested Funds Values
Primary Invoice Files
Preferred Payment Method
Line Item Transfers
Approval Verification
Lien Waivers (as needed)

The second, or "Files", tab offers supplemental information such as additional invoices, photos of receipts, and more.

Want to learn more about the new Payment Request View? Check out our CoFi Solutions Video on how to use the new view, or schedule a tutorial with our Support Team here or via Live Chat Monday-Friday, 8:00 AM to 5:00 PM MDT.

Payment Request Files

Have a file that needs to be added to your payment request? Users can now upload a primary file directly from the front page of the payment request instead of clicking onto the files tab.

*Note: Users who have multiple files can still access the Additional Files section from the Files tab. We recommend saving your progress on the Home tab before entering the Files tab.

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BUG FIXES:

These were the bugs detected and they have now been fixed.

Payment Requests:

In some use cases, the amount available in a category displayed in the new payment view was displaying an incorrect available amount.
On the new payment request view, lenders selecting funding sources other than the loan were seeing an available balance of $0.00 even though there were funds available.
When creating a new payment request, the new payment view didn't automatically activate edit mode.
In some use cases, users were allowed to pull an excessive amount of funds from funding sources, resulting in a negative loan/funding source amount.
Display issue with payment request edit history where error messages were not aligned with the listed change.

Approvals:

In some use cases, Owners/Admins of an organization were unable to reduce approval requirements on a payment request from 2 to 1.