FC-25Q2 S10 (5/21-6/4)
Itemized Cash Reserve Release/Hold
You can now add multiple line items when holding and/or releasing cash reserves during invoice approval. Each line item will have a field to enter notes associated with the hold/release and will display in the funding detail screen and on the client remit.
Client Remit Changes
We updated the client remittance (PDF and CSV) to a new format that includes the new itemized cash reserve line items. The updated remittance can now be downloaded from the batch detail screen (Funding > Funded > Code > Batch ID) using a new Download Funding CSV button.
This enhancement improves clarity for clients and ensures the file reflects the latest formatting and currency standards.
Generated Invoice Fix
Resolved an issue where the FC Generated Invoice was placed at the end of the file — it now displays correctly at the beginning of the file.
Export File Name Correction
We resolved an issue where exporting files from Factor Cloud contained special characters in the file name that caused compatibility issues when opening in Microsoft Excel. Exported files will now be generated with a simplified file name to ensure they open correctly across all systems.
QP Fee Calculation and Split Correction
We corrected the QP fee calculation so that it is now based on the vendor payment amount (advance), not the full invoice amount.
Additionally, QP fees are now properly split between factor and broker based on configured split rates. Split amounts are correctly reflected in reports, ledgers, and fee summaries. The QP fee also dynamically recalculates if the advance amount is updated prior to funding finalization.
New: Export Feature for Internal Reports
You can now export and receive Aging by Debtor and Client Summary > AR Changes Reports by email. Simply click Export Report, enter one or more email addresses, and the file will be sent upon completion. For these you will have CSV, Excel, and PDF options available.
New Client Portal Reports
We added two new reports to the Client Portal: Settlement Report and Aging by Debtor. These reports are now available for clients to view and download from their portal.
Client Portal - Invoice Export
We have added the ability to export invoices from the Client Portal. The exported file will now include all records when the table displays more than 20 invoices.