02 May Release April 2025 – User Audit Data Report

User Audit Data Report

In this release we have added a User Audit Data Report that provides a list of all activity processed by a specified user. Only users with applicable permissions can pull this report.

More information can be found with this link

More changes include:

• If recurring withdrawals for income payments are being processed and a Tax Table for the applicable tax period has not been uploaded onto the system, a validation has been put in place and the system will alert users that the Tax Table has not been loaded
• All notification emails from scheduled jobs now include the client name in subject
• Improved performance on Switches created after the Fee Run on Fee Control accounts
• Product filter has been added to the Automatic Exchange of Information (AEOI) SARS report.  Steps: Investors> Contracts> More Actions> Automatic Exchange of Information (AEOI) SARS
• The Contract Card has been set as the default when a User logs into the system
• When processing an Annuity Rand Amount Recurring Withdrawal, the system will auto populate the percentage applicable to ensure the minimum/maximum percentage is not exceeded. Functionality has been added to load a Percentage Annuity with a Tick Box “Specify amount as percentage”, this includes the option to specify which instruments for the withdrawal
• Column added on the User Report to include 2 Factor Authentication Enabled.  Steps: Users> Users
• A validation has been added to the distribution process. When the user selects ‘Allocate’ and one of the contracts have been archived, an error message will appear
• Additional Dealer Instruction export file for Prescient – Eagle has been added.  See link
• SARB Report functionality added.  See link
• Processing of duplicate instruction Pop Up message has been amended to:  “Possible Duplicate.  Do you want to continue?”
• Automated matching of investments to transactions in imported bank statements, following an investment instruction being submitted, this functionality must be enabled under System Configuration.  See link
• On the Next Review Report, the following additional columns have been added:  Market Value Date | Market Value | Market Value at Review Date | Income Frequency | Gross Income | Income % p.a. at Review | Current Income % p.a |  Steps:  Investors> Contracts> More actions> Next Review Report.
• Configuration changes fame on the Demo API on the test site which impacts KYCMatic
• Added styling section to ‘Online Confirmation Document Template’.  Steps:  Go to applicable contract> View Contract Details Card> More Options> View Online Confirmation
• The Finswitch Confirmation File has been updated to reflect the same Value & Cycle dates.  The Opening and Closing balances will only reflect if previous transactions have taken place on the instrument, this will include transactions for the day. The Currency code is also now included on the file
• We have made the validations more strict when confirming a dealer instruction or matching the payment on a dealer instruction, when Trading accounts are used, to ensure instruction amount and payment amount match 100%. See link
• There are 3 new calls available on the Institutional API; ability to get the price per instrument for a date range, to fetch Instrument Holdings and to determine if an instrument has active investor and/or instrument instructions. Refer to the API Change Log -> Institutional API or  API Page
• There are seven call updates on the Accounts API, Refer to the API Change Log -> Accounts API or  API Page
• Retail type has been added on the “Get Instruments” call , Refer to the API Change Log -> Model Manager API or  API Page
• Refer to the changes to the Export Transaction Data Job (S3/Azure). See link
• Performance Fee Type has been added as an Ongoing Fee Type which can be linked to a Product. See link
• The Custodian Details page now includes a section called ‘SARS Certificate’ with fields to complete for the SARS Recon file.  The new fields are: ‘SARS Employer Trading Name’, ‘SDL (Skills Development Levy) reference number’ and ‘UIF (Unemployment Insurance Fund) reference number’.  See link
• User Audit Data Report has been add to the User Card.  See link
• On the Instrument, the Bloomberg Ticker field has been updated to accept 14 digits
• Made further improvements to debit order reversals and rematches on contracts containing more than one client account. See note 1 and note 2 in link
• Recurring Withdrawal status will revert to a Rejected status on Active Instructions if there are insufficient funds to recur
• On the Export Contract Holdings Job Run the option to add a Filename Prefix for the export file has been added on the set up.  Steps:  System> Jobs> Export Contract Holdings> Select the Job under Scheduled Job> Prefix name can be amended under the “Filename prefix”
• All Portfolio instruments will now be linked to a Collective Investment Scheme.  See link.  A Migration at go-live will create CIS’s for each existing Portfolio instrument
• A new investment into Pre-retirement will no longer automatically create a system-generated Switch instruction on the Retirement component for any investment into a Cash instrument.  See link
• If a fund has an existing price for a specific day, and a new/updated price is imported via Finswitch, then the price for that fund for that day will be updated.  See link 
• Entity Bank Accounts Report now includes the Bank Branch Code.  Steps:  Entities> More Options> Entity Bank Accounts Report
• FPM Net Creations File (Fundamental File) Transaction Date has been amended to align with the Valuation and Settlement dates
• Finswitch Confirmation File now includes the reference number for a switch in/out transaction
• Internal Transfer transaction types are now appearing on the Instrument Cash Flow Statement
• Job name “Proceed with Cash Sells” has been changed to “Proceed with Sells”
• Two additional Reports have been added on Products> Contracts> New Business and Alterations & Investment Value Amendment
• Error message generates when attempting to delete system-essential Account Statuses
• Enhanced the validation where the tolerance is set on 6 decimal places but the dealer confirmation is 4 decimal places.  A new field called “Received Decimal Places From Dealer For Units” was added on instruments’ details next to the “Stored Decimal Places For Units” field  so that confirming instrument instructions will now validate on that specified number of decimals
• When selecting ‘make user’ on an existing user an error message will be displayed on the screen
• Ability added to send Group Business Quotations/Online Applications to the Financial Adviser on record as well as the Financial Adviser Assistant (to set quotation/application to the Assistant see link)
• ‘Detail Holdings’ report allows start and end-date parameters in report generation, as well as reporting from a contract level.  Steps:  Go into a specified Contract> On the Current Holdings Card select More Details> Detail Holdings> Select date parameters required for report
• A new report is available under All Instruments called Instrument Holdings Changes Report which shows all investors who created a new investment in each fund, or redeemed all money from a fund, for the selected period.  See link
• New functions added when apportioning recurring withdrawals including “calculating amount as percentage of holdings”, and ability to edit either percentage or amount for withdrawal options. See link
• New system configuration option added ‘should send online request to Advisor’ to allow for online member applications to be emailed in bulk to the Adviser linked to the employer group. See link

 

Bug Fixes

• 188961858 – Multiple Background processes running fix
• 188962928 – Contract not created
• 188791950 – Withdrawal cancelled that caused Daily Job failure
• 188935582 – Export Contracts improved performance on administration accounts
• 188948911 – Error on background download resolved
• 188931239 – Maximum withdrawal limit percentage amended to calculate across all instruments
• 188938466 – Issue where a withdrawal could not be added to a dealer instruction was resolved
• 188949528 – Improved performance while creating dealer instructions
• 188976029 – Error on Next Review Report resolved
• 188916590 – Error on Authorisation step on an Internal Transfer resolved
• 188852706 – Instrument Cash Flow Summary Statement updated to reflect Buys and Sells
• 188976043 – System now deletes withdrawals for distributions that are set to ‘pay out’ if the distributions is cancelled/removed
• 188968810 – Error resolved when exporting multiple reports
• 188963406 – Instrument Error on distribution resolved
• 188866266 – Error on adding a Fee Type on a product resolved
• 188976280 – Error on destroyed contribution resolved
• 188953547 – Error resolved on Job Run when stopped and continued to run in the background
• 188983062 – Daily jobs error resolved
• 189003001 – Error on switch instruction resolved
• 189003444 – Error resolved when attempting to move funds from the transaction account
• 188983296 – Error resolved on blank statement
• 52653 – Error resolved when exporting Model Portfolio transactions while generating the report
• 51627 – Changes made that unit sells don’t get set to final withdrawals unless you are selling exactly all of the units
• 51590 – Fix on TFSA where investment value was considered when determining whether investment exceeds maximum limits, instead of contributions
• 52739 – Multiple Background processes running fix
• 51665 – On the ‘Adjust units to another account’ screen, the system used to find partial matches and display the top 50 contracts. This has been corrected and the system now returns an exact match of the contract number searched
• 51646 – Error resolved when importing large volume Bank Statements
• 52759 – Ensure system creates switches on cash distributions when distribution option on product and contract is set as Reinvest Distribution
• 52755 – Error resolved when navigating to additional pages on Entities report
• 52810 – Error resolved on Main Search page
• 52757 – Processes not being displayed on the Background Process function
• 52685 – When a switch is processed from one currency to another, the sell leg used to display a derived value based on the conversion rate of the contribution allocation on the sell’s transaction date. This resulted in different values on the fee statement. The fee statement’s transaction table now displays the same value for the sell leg and the buy leg, instead of deriving the sell leg’s value
• 52670 – Duplicate reference number failed import resolved
• 52809 – Incorrect format on Welcome Letter resolved
• 52783 – Error resolved- User tried to do a detailed download of Interest and Dividends certificates under Bulk Processes, without first searching for a product and a date range for the tax year
• 52790 – Weighted Average Base Cost has been removed from a Client Account Level as WABC is used to calculate Capital Gain/Loss for tax purposes, WABC only appears at a Contract level. Bug fix has been done to ensure transactions with the same value date are appearing in order and do not impact the WABC.
• 52758 – Instructions not appearing when Viewing More Details on the Active Instructions Card
• 52819 – Communication Notification Preference error resolved
• 52852 – Issue has been resolved when attempting to send an email without an attachment
• 52846 – Validate error has been built into the code for Interest and Dividends Certificate pdf
• 52741 – Ensure prices are updating even if the day before is a non-business day and did not have a price on the Finswitch import job
• 52848 – The fundamental export is now by supplier-instrument-account and not by portfolio code
• 52796 – Replaced glass errors with error messages when automatically generated reports fail
• 52949 – Zip file error resolved
• 53013 – Blank transaction downloads for instrument providers on portfolio instruments within collective investment schemes resolved

Software update can include but is not limited to:

• Bug fixes.
• New and/or enhanced features.
• Further improvement to performance

Last Updated on 3 months ago by otto