Updates & Releases

Thank you for your interest in Funancial, aand for your support in helping us make it better!

We are always working to improve your experience with Funancial SMART through new capabilities and improvements throughout the app. 

It is important for us to invest in making sure our application runs smoothly. Every update we post includes a mix of several "under the hood" improvements and small bug fixes to improve the performance of the app. 

Your feedback is important to us and we would love to hear back from you about your experience with Funancial SMART and how we can make it better!

Thank you for using Funancial SMART! 

The Funancial Team

Email: wecare@funancial.com



Update 190403

Delivering operational capability upgrades:  

  • [Gross Profit]: Visual markers simplifying the process of identifying where your atention is mostly needed. 




  • [Debtors]: Updated invoice allocation algorithms to work on days overdue, rather than from date of issue. 

  • [Creditors]: Updated invoice allocation algorithms to work on days overdue, rather than from date of issue. 

  • [Customer Service]: Integrated new feedback and capability mechanism for smoother interaction between client, product and Funancial team




Other updates include Bug Fixes, usability and navigational updates together with under the hood improvements for speed and reliability. 



Update 190402

Delivering major capability upgrades:  

  • [Dashboard]: New graph widget simplifying the process to ensure your  Gross Profit > OPEX cost. 



  • [Dashboard]: New graph widget simplifying the process to identify whether your business financial account structure makes sense i.e. your COS > OPEX. The cost to source your product should always be greater than the cost to operate ancillary functions of your business. 



  • [Dashboard]: New Company Trends helping you determine how your business is doing in terms of trailing-average results for Gross Profit, Cost-of-Sale (COS), OPEX etc. 



  • [Dashboard]: New Next-step action buttons at the bottom helping you determine what you can do with the information provided.


  • [Gross Profit]: Made Sales to COS the default view.

  • [Gross Profit]: New GP info pane enabling better context to the results shown and decisions to be made.


  • [Company Health]: New detail in Income for 'Income - All'.



  • [Cash Flow]: New control mechanism enabling on-the-fly switching on which method to use for forecasting (3-month-average, 6-month-average or Invoices due to be paid in the coming month.


Other updates include Bug Fixes, usability and navigational updates together with under the hood improvements for speed and reliability. 



Update 190401

Delivering maintenance updates to: 

  • [Dashboard]: Big Block Panels information contextual to “Last Month” or latest “Three Month Average”. 

  • [Gross Profit]: Fixed tabular data not showing COS data on product line level focus. 

Other updates include Bug Fixes and under the hood improvements for speed and reliability. 




Update 190304

Delivering major capability upgrades: 

  • [Cash Flow]: Configurable option per company on how to calculate expected income for the coming month (3 month average / 6 month average / invoices registered to be due coming month)

  • [Company Health]: COS Detail Panel – New option for COS – All
  • [Company Health]: Income Detail Panel – New option for Income – All
  • [Company Health]: OPEX Detail Panel – New option for OPEX - All
  • [Company Health]: Coloured entries for increases/decreases to simplify analysis
  • [Spend]: New search box to focus in on spend transactions faster
  • [Gross Profit]: Focused view on either “Sales to GP” or “Sales to COS” analysis to enable trend linking

  • [Gross Profit]: Account level detail shown when drilling down into Product level analysis



Update 190303

Delivering major capability upgrades:  

  • [MAINT]: Doubled time product takes to time-out active session
  • [NEW]: Configure on a per-company basis (Configuration > Company Settings) which months you settle your Sales Tax dues, increasing the accuracy of the data & forecast shown in the Cash Flow module.   
  • [MAINT]: Upgraded indicators in Company Viability panels to include Average - Net Profit, Average Cost-of-Sale, Average Operational Expenses.  
  • [NEW]: Spend Analysis module replacing the old OPEX/COS Increases/Decreases report allowing you to drill down and understand what is causing the spikes/uncertainties in your product line profitability. 


Other updates include Bug Fixes and under the hood improvements for speed and reliability. 



Update 190205

Delivering major capability upgrades:  

  • [Performance]: Upgraded our back-engine to deliver a 4X to 10X improvement in interaction product response. 
  • [NEW]: New chart in Dashboard enabling instant understanding of the state of your Debtors (distributed by the urgency to act on) with respect to your debtor management tolerance parameters.
  • [NEW]: Upgraded chart in Dashboard for "Cash Availability" instantly answering the question "Do I have enough cash to survive this month?"
  • [NEW]: Email notification on completion of data synchronization with Xero
  • [NEW]: Xero Certified methodology to connect and synchronize with Xero organizations. 
  • [NEW]: Xero Certified methodology to handle disconnections which may happen between product and Xero accounting service. 
  • [NEW]: Account purpose allocation. Upgraded Configuration > Company Settings to enable you to directly allocate how Funancial SMART is to interpret the various accounts, and their allocations for e.g. "Cash in Bank", "Loans I owe", "Sales Tax", Payroll Tax" and more.
  • [NEW]: Account purpose allocation to a product line. For Cost of Sale and Income accounts, you can now allocate those accounts to represent the expenses v.s. income combo for a product line on which product line profitability is worked.   

Other updates include Bug Fixes and under the hood improvements for speed and reliability.



Update 181102

Delivering major capabilities for better cash flow projections & what-if scenario management: 

  • [NEW]: Multi-line plus multi-entry General Adjustment capabilities (in Cash Flow module) enabling fine-tuning of cash flow forecasting.
  • [NEW]: Cash flow adjustments support up to 6 months in the past and 12 months in the future enabling support for "what-if" scenario analysis such as "Can I make that purchase this month?" or "Can I make that additional hire?"
  • [EASIER]: Simplified the Gross Profit module with drill-down support for additional information discovery. 
  • [UPGRADED]: Debtors module to include contact details (when available) simplifying the process of getting in contact with debtors for action.

Other updates include Bug Fixes and under the hood improvements for speed and reliability.



Update 181003

Delivering maintenance updates including: 

  • [Debtors]: Simplified summary area to focus on money due, rather than stats on invoice & client count.
  • [Easier]: Company Health: Ability to travel to Gross Profit report for month analysis in past.
  • [Upgrade]: Introduced date range filters to XERO data section on a per-tab basis. Future update scheduled for release to apply to all.
  • [Help]: Solidified help.funancial.com to better link into the product and back
  • [Help]: Enabled search, with second level topic refinement
  • [Help]: Upgraded performance and responsiveness

Other updates include Bug Fixes and under the hood improvements for speed and reliability.



Update 180903

Delivering major performance and UX enhancements enabling improved capabilities for decision making, and customer guidance.

Updates include:

  • [NEW]: Overhaul of Gross Profit Analysis module: Improved navigation and augmented historic analysis capabilities for more granular comparison of past financial performance 
  • [NEW]: Addition of business-line performance preset views relative to Total Business performance (sales & gross profit)
  • [NEW]: Overhaul of Debtors/Creditors Analysis module:
  • Introduced age-based contextual investigations
  • Added remediation support: recommended actions to support business leaders in defining the next steps
  • State of payments (incoming/outgoing): Insights on payments owed by clients, and/or owed to suppliers.
  • [Enhanced]: Context sensitive help for in-product user-help & guidance
  • [Enhanced]: Improved ease-of-use through revised information architecture, more intuitive messaging and better laid out navigation controls.
  • [Fixed]: Updated Cash Health module which is now printer friendly enabling book-keeping teams to better use these views for value reporting to their customers
  • [Fixed]: New user invites feature is now functional
  • [Fixed]: Adjusted print page-breaks to allow easy printing and sharing with customers of information in Dashboard and Cash Health modules
  • [Fixed]: Refactoring of algorithms used in invoices with overpayments to correctly align these with executive report values
  • [Fixed]: VAT entry updates in Cash Flow module not affecting cash projection at end-of-month.

Other updates include Bug Fixes and under the hood improvements for speed and reliability.



Update 180805

Enhancement release on existing modules and reports by addressing top customer feedback: 

  • [NEW]: Top bar area re-design enhancing the ability for the user to focus and access areas when needed 
  • [NEW]: "Tell me more..." accessible button (upper left area) enabling users to get more context to the purpose of the information presented in a page in more 'Humanly Accessible' form.
  • [NEW]: Privacy settings capabilities in user properties
  • [NEW]: Reports added to menu area making them increasingly accessible at any point in time
  • [Enhancement]: Tabular data presentations by clearly showing the sort columns, alignments, spacing and default sort order of columns in the reporting views
  • [Enhancement]: Applied max-width UI experience for people using wider monitors enabling easier usage and page navigation. 
  • [Enhancement]: Changed "Create..." buttons to "Add..." buttons to improve understandability
  • [Enhancement]: "Back" Button introduced across the pages enabling easier navigation within the product

Other updates include Bug Fixes and under the hood improvements for speed and reliability.



Update 180602

Introduced new analysis blocks, and expanded detail across the various reports: 

  • Expanded 'Company Health' Module with drill-down capabilities for
    • Top Customers
    • Top Sellers
    • Income Increases / Decreases
    • Operational Expenses (OPEX) Increases / Decreases
    • Direct Costs a.k.a. Cost of Sales (COS) Expenses Increases / Decreases
  • Particularly for the needs of Bookkeeping: 
    • Ability to group detail views by Supplier / Invoice
    • Enhanced the detail in the Debtors / Overdue Debtors / Creditors and Overdue Creditor Views

Delivering new tools to help you manage your business and make decisions such as:

  • [UI]: Capability to view debtor information on a group level/invoice level
  • [UI]: Capability to view creditors information on a group level/invoice level
  • [UI]: Expanded Gross Profit report area to include Current month + Previous two months analysis for better context when analyzing results for the current month

Other updates include Bug Fixes and under the hood improvements for speed and reliability.



Update 180501

Delivering new tools to help you manage your business and make decisions such as: 
  • If the business sector that I am in goes south, do I have enough money to change strategy (reserves)?
  • Which part of the business needs my most attention? 
  • Where should I focus my efforts?
    • Are all of my bills and invoices being entered into the system on time?
    • Are there any bill or invoice entries which seem to have errors in them and need correction? (e.g. incorrect quantities skewing the information?) or are you having a really good/bad week (depending on where the error is?)
    • Should I have a chat with my suppliers to give me some breathing space?
    • Should I have a chat with my suppliers to find cheaper options?
    • Should I have a chat with my sales team who seem to not be closing enough deals?
  • Is there any money I need to prioritize the collection of?
  • Are there any bills I may reasonably delay without affecting the relationship with my suppliers?

Implemented several miscellaneous updates including: 

  • [Configuration]: Ability to configure limits on what is considered a reasonable overdue limit on suppliers who owe you money, or businesses you owe money to. 
  • [Reporting]: New report showing Overdue Creditors 
  • [Reporting]: New report showing Overdue Debtors
  • [Reporting]: New report enabling you to analyze your businesses Gross Profit on a month by month basis
  • [UI]: Implemented cross-links to enable answers to the most common questions around the state of creditors/debtors/operational costs / direct costs etc
  • [UI]: Dashboard: Upgraded the Short Term Liquidity View to help understand how we are calculating it

Other updates include Bug Fixes and under the hood improvements for speed and reliability.



Update 180401

Delivering new tools to help you manage your business and make decisions such as:
  • Am I achieving the goals that I set for my company (targets)?

Other updates include Bug Fixes and under the hood improvements for speed and reliability.



Update 180201

Delivering new tools to help you manage your business and make decisions such as:

  • Do I have enough cash to survive this month?  
  • Do I have enough cash to continue operating for the next 2 months?  
  • Do I need to strengthen or change my sales strategy (Income)? 
  • Am I making enough money on the products/services I am selling (gross profit)?  Which leads to:
    • Do I need to increase my prices?
    • Do I need to negotiate discounts from or change suppliers?
  • Should I be concerned about my operating expenses?
  • Am I in danger of losing my company soon (net profit)?
  • Is it even worth continuing (net profit)?
  • Is there a danger of losing my company in the medium term (short term liquidity)?

Other updates include Bug Fixes and under the hood improvements for speed and reliability.