Costpoint 7: New Functionality Accounting Cash Receipts Preprocessor – Convert EDI and NACHA lockbox transaction files into cash receipts transactions in Costpoint. Fixed Asset Preprocessors – Import fixed asset additions and disposals into Costpoint and includes export features that facilitate the migration of asset records between systems. Fixed Asset UID (FAR 45) – Generate and store the Unique Identifier (UID) within the Fixed Asset module‟s asset master for government furnished equipment. Compliance with FAR 45 Positive Pay Functionality – Modification of check printing to accommodate positive pay requirements from major banking institutions. Vendor Master Preprocessor – Import vendor master records into Costpoint.
Costpoint 7: New Functionality Accounting Payroll Quality Initiative – Systematic improvements to Compute Payroll, Negative Gross Pay, Local employer Taxes, and Taxed Based on Check Date Labor Proration – Automate pro-ration of labor wages on the timesheets for new hires and terminations that are salaried employees. Add the to pro-rate salaried employee wages at any time in accordance with DOL and corporate policies. One time local tax with ceiling limit – extends additional methods to properly account for Local Taxes by enabling a ceiling limit on local taxes and allowing for a one time deduction. Check / Advice Print in Alpha Order – Print payroll checks and direct deposit advices in Alpha Order and add validation for the Locator Code field. Leave Reconciliation – True up Accrued Leave balances by automatically looking for changes in employees‟ salaries and balancing against past accrued leave.
Costpoint 7: New Functionality Projects ACRN / WAWF improvements – Ability to submit standard ACRN bills through WAWF. Improved mapping of ACRNs with CLINs to facilitate processing. Addition of Fast Pay functionality for commercial and combo invoices. Restrict Revenue on Closed Periods – Restrict a user from entering or calculating revenue for a previously closed period. Status on Open Billing Detail Report – Modification to the open billing detail report to reflect the status of the transaction (billable, on hold, write off, etc.). The ability to display transactions on the report based on billing user group. Billing Rounding – An alternative rounding methodology for calculating and displaying T&M transactions on standard Costpoint bills..
Costpoint 7: New Functionality Materials Enhanced PO Voucher Preprocessor – New options to upload subcontract or vendor invoices into Costpoint‟s Purchase Order Vouchers application. Improved Sales Order Entry – The ability use the project revenue level set up and project owning organization with in the sales group abbreviation to specify sales order charges. Downloaded UID and RFID info to tag Generation – ability to download from Costpoint new unique identification identifiers (UID) and radio frequency identification (RFID) information to third party software and specific barcode printers to generate the physical tag. Assign UID upon Manufacturing Order Initiation – The ability to generated Unique Identification information at the time of entering manufacturing order serial numbers. New Supply Consumption Options in Master Production Scheduling – option within the MPS module to allow the user to choose how supply will be consumed by forecasted or sales order demand.