I was going to call this release Project Finance as it contains:
However, the words Project Finance take me back to my Oil and Gas years, where it brings in a completely different meaning. It also made me think about some other features we could incorporate into Konnexsion to provide oversight of your property finances. So I decided to hold out on that title for a future release altogether.
I’m rambling, let me get back to today. The last two months have genuinely been intense. The product team have been working hard, frequently through the night, with pads and pencils, and a little bit of code, on these features. Individually both the project capabilities, we’ve incorporated into the case file, and the Bank reconciliation feature would be worthy of promotion. I hope I don’t do the team an injustice by launching them together.
Some of you have been waiting a long time for this. We too, have had this in design for quite a while. To have a successful bank reconciliation feature, we needed to ensure our Finance module was fit for purpose. The changes we have made during this year to date has been part of that readiness. Let me recap:
That wasn’t quite enough to fully adopt Bank Reconciliation; we had to be sure you were able to process all transactions from your bank statement. To achieve this, we have added new finance ‘transaction types.’
Let me finally get to what we are launching. The Bank Reconciliation will allow you to import your bank statement transactions into Konnexsion. Then as if you were using a pencil to tick off each entry it will ensure you ultimately get to a point where what Konnexsion believes is in your
Bank Account matches what is actually on your Statement.
Why is all this so exciting. Well, trust me, it is. Using our Bank Reconciliation feature will save you hours processing your receipts and payments. Just by matching a receipt on your Bank Statement with an outstanding rent invoice, Konnexsion will do all the work for you in recording it as paid and completing all the necessary matching. Something that probably took about 1 minute for every receipt will take you less than 10 seconds now. I’ll let you do the math, but I think you really will find that to be quite a significant saving. In a task that, for one, I always hate doing myself.
Have a look at this tutorial which will show you all about this feature and talk about some quite advanced capabilities.
We’ve always liked how our case mechanism allows you to record the history and conversations you’ve had when performing a particular activity. You’ve also been able to add tasks for yourself as reminders and assign them to other team members as necessary. From discussions from across our community, we realised that we could take the case features further. Further in that, we could build a module that would allow you to define your standard processes and follow them to ensure nothing got missed.
Critical in today’s regulatory world for sure but also hugely beneficial if you want to demonstrate to your customers that you are consistent with how you approach work and will not drop or forget to perform something just because you are busy.
With this feature, you can:
That’s not all, however. With these features, we felt that we needed to bring you more to enhance your experience.
To make your case experience even more powerful, we have implemented Project Gantt Charts and Kanban Boards to enable you to manage your organisation’s workload both at an activity level (the case) as well as across your whole operations.
There’s not much more I can say. What I suggest is you follow this tutorial video to understand how you can get the best value of Case Templates, Tasks and our Project Features.
This release goes live during the morning of 15 July. We will try to finish before the day starts in the UK. Which we appreciate will affect some of our users in Asia. I promise you it will be worth it.
I end once again by thanking you for your ongoing support and commitment to Konnexsion. It is with the feedback we get that makes working with Konnexsion such a joy.