CoFi Software Release Notes | May 1, 2023

NEW FEATURES:

Payment Request Type | Batch Payments

Lenders may now set a project profile to submit payment requests as a Draw (Batch) request.

CoFi's new Batch Payments feature is beneficial for contractors who have multiple payees, invoices, and line item transfers who want to keep all information in one place. 

Remove repetitive data entry and submit one large batch payment request to keep work moving forward and payment moving faster! Check out how this new view works by watching our How to Submit a Batch Payment Request video here!

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Funding Source Selection | Batch Payments

Lenders may now select which funding source to pull from within a batch payment request. 

Once all approvals have been received, simply view the request and click Select Funding Sources to configure which funding source should be applied to which category. 

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IMPROVEMENTS:

• Small visual and functional UI improvements 

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BUG FIXES: 

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

General:

• Users were unable to see typed text in the search bar. 

Payment Requests:

• Payment requests including retention deleted data and remained in draft mode once submitted for review.

Project Management:

• Lenders attempting to transfer funds from one funding source to another were unable to transfer funds. 

Inspections:

• Organization admins were unable to assign a job to an inspector.
• The inspection created date was not showing up. 

Enhanced Features:

• Manually resending a digital lien waiver did not resend the waiver.