What's New 5.31

Overview

In the latest versions of all Visma.net services, we have focused on customer feedback from all markets and paid great attention to improving the end user experience with the goal of further simplifying your work day.

A new and improved version of Visma.net Financials & Visma.net Logistics have been released. The highlights are listed below.

 

General

Notification to end-users

In the support panel, we have expanded our way of communicating with our customers and end -users,via the use of notifications.  

  • Support issues created by end-user when answered from the support will be displayed as a notification in support panel, showing the end-user that their support ticket has been replied

  • In the near future, the Visma.net team will be able to give notifications on coming releases

 

 

Finance

Reclassification

The reclassification transaction moves the amount from the wrong General Ledger account, sub-account, or branch (only for NL) to the required one.

With this new functionality, users will be able to:

  • Reclassify General Ledger account, sub-account, and branch (only for NL) for posted journal entries

  • Exclude transactions that had been reclassified from the reports and inquiries

  • View the history of changes for each entry that had been reclassified

The reclassification process generates a new transaction of the reclassification type based on the original General Ledger transaction.

 

 Improved recognition of invoice numbers in bank transactions (NL)

The routine for recognition of invoice numbers on processing bank statements has been significantly  improved for matching imported invoices with outstanding customer invoices.

New setting for direct debit for calculating the execution date (NL)

In the Payment method under “Setting for use in AR,” two new fields have been added for supporting due dates that are older than current date or banking date.

The new fields are:

  • Direct Debit Execution Days  

  • Direct Debit Execution Days Recurrent

 


 

  Create a company in a different base currency

When creating a new company it’s now possible to select the currency you choose. When choosing a currency outside Visma.net’s normal offering (Finland,Netherland,Norway,Sweden), some services like Visma.net AutoPay & Visma.net AutoInvoice may not work.

 

 Inventory - new features in standard Visma.net Logistics

Lot and Serial Number Tracking with expiration date

With the Inventory module, you can track stock items by lot or serial numbers and by expiration dates. The Lot and Serial Tracking feature can be turned on on the Enable/Disable features form. The tracking features provide flexible numbering schemes for the lot and serial numbers and the ability to track different products differently.

 

 

 

 
 

Kit Assembling / Bundle

With the Inventory module of Visma.net Logistics, you can enter and track information about kits, which are stock or non-stock inventory items that consist of stock and non-stock items as components and require assembly to become salable items.

A kit specification contains the list of kit components and can have revisions. If a stock kit will require disassembling, it can be done in accordance with the appropriate revision—the same one that was used to assemble the kit.

  Standard replenishment process based on min./max. values

Different replenishment methods have been introduced to the Inventory module. Possibility to use following replenishment methods:

  • Min./Max.

    • Maximum quantity: This is the maximum stock quantity allowed for the item at the warehouse

    • Safety stock: This is the additional stock of the item maintained to avoid stockouts

    • Reorder point: The system uses the reorder point quantity in the min./max. replenishment method rather than a minimum quantity

  • Fixed Order Quantity

    • Fixed Quantity: We recommend that you use as the fixed quantity the economic order quantity (EOQ) determined by warehouse specialists for a particular item by estimating the cost of ordering the item from a particular vendor

    • Safety stock: This is an additional stock of the item maintained to avoid stockouts. The safety stock is required if there are fluctuations in demand and supply

    • Reorder point: For this method, too, the reorder point is specified as the safety stock plus the quantity that may be required during the lead time

For each stock item, the system uses the specified method to calculate the quantities required to replenish the stock of the item, based on the replenishment parameters that you specify on the Replenishment Info tab of the Item Warehouse Details (IN.20.45.00) screen.

 

 

Inventory - new module Visma.net Logistics Advanced

Multiple Warehouse management

In Visma.net Logistics, multiple warehouses give the flexibility to create a warehousing model that supports both physical and virtual inventory.  You can divide a large physical storage space into multiple areas and define each area as a warehouse.

Transfers between warehouses, relocating stock items as needed, or you can use one warehouse as a source of replenishment for other warehouses by having purchased items delivered only to this warehouse and then transferring the goods to other warehouses. When goods are received, the “Goods in Transit” general ledger account is reduced and the destination site, quantity, and value are increased.

  • Transfer between warehouses:

    • Keep track of inventory in-transit (reflected in finance module)

    • Landed cost

  • Distributed structure of warehouses

  • Plan your replenishment from a central warehouse

  • Plan your replenishment in the individual warehouse

 

Cycle stock counting/take

With the possibility of performing current cycle stock counting during the year, the cost of a full stock-taking can be minimised with non-planned closings of the business that are required for full inventory counts. A full physical inventory and cycle counting can, of course, be combined.

Cycle stock counting of various way of performing the stock take.

  • By Inventory ID, By Item Class, By ABC Code, By Movement Class, or By Cycle

  • Count can be  performed at a particular warehouse or can be performed at any warehouse

  • Count can be performed at particular warehouse locations only

  • A specific cycle, based upon movement class, or ABC code depending on the selected generation method

 

Advanced Inventory replenishment

For automated replenishment, you can configure the system to automatically calculate the replenishment parameters. With expanding replenishment forecast models to calculate replenishment parameters by using sales statistics. With this flexibility, you can lower carrying costs, avoid stockouts, minimise excess or obsolete inventory, improve cash flow, and increase customer loyalty levels.

The forecast models are:

  • Using the Moving Average Method

    • Calculate the demand for a specific future period based on historical sales data for multiple consecutive periods in the immediate past. This method works well for items with specific trends in sales or with stable sales not subjected to random significant fluctuations.

  • Using Seasonality Parameters for Forecasting

    • Sales of some products follow certain cycles or patterns. For example, the peak of ski sales is in the winter. Such patterns in sales can be described as seasonality.