Release 2021.02.01 – iLeasePro

Release 2021.02.01 includes the following enhancements and fixes

Portfolio Payments Feature
Cost Center/Dimension Code Dropdown Show Code and Description
Expired Leases Can Now be accessed on Lease & Portfolio Accounting and reporting
Display Net Present Value on Lease Accounting page
Performance Enhancements

Release 2021.02.01 Details

Portfolio Payments Feature
- Details and guidance can be found on our Help Guides portal

Cost Center/Dimension Code Dropdown Show Code and Description for a lease
- This was a client request to help better identify the cost center/dimension that was being selected. The dropdown included only the description and now displays both the code and the description

Expired leases have been added to the reporting and to the Portfolio Accounting amortization and journal entry building process to allow the review of expired leases in a reporting period. Prior to this release, only leases with "Active" and "Early Termination" statuses were included in the Accounting Amortization calculation and the reports. In R2021.02 expired leases have been included to allow for past lease analysis. The error message that was associated with a lease that has a status of Active but an expiration date less than the current has been changed to a Warning so that the Accounting page can be used with expired leases.
Performance Enhancements. Our performance engineers have been working to enhance and optimize existing queries within iLeasePro to speed up page processing.

Payments Defect Fix: Leases with Payment Date Greater than the 29th of the month
- An issue was found in the Lease Payment feature where leases that were added with payment dates on the 29th, 30th or 31st of a month. The payment feature would not generate monthly payments of months that were less the payment date. For example; if the payment date was 1/30/2021 the monthly payment of 2/28/2021 would not have been created.