Argos Vault Release Notes V5.149

Argos Vault Release Notes V5.149

Release Completion Date:   01/07/2025
         
Please disregard the release notes for the modules you do not use.

Unless otherwise indicated, more detail about any change will be included in the relevant dialog [Help] button.  Other documents referred to in the release notes can be found in the ArgosApps\Documents folder once the software is installed. 

These release notes document changes which have been made to the stated software version only. You should review all previous release notes for changes between your current version and this one. Previous release notes can be found on the Argos Knowledge Base.

Accounts

amp-I250 - Account Projection Descriptions
The descriptions on the Account Projection dialog and report have been updated as follows:
Original Description
New Description
Expected Interest Transaction
Projected Interest
Expected Tax Transaction
Projected Tax
Instalment Due
Instalment Payment Due
Interest Payout: Trsf Account
Interest Payment Due
Accrued Interest Transaction
Projected Accrued Interest
Accrued Interest Payout: Trsf Account
Accrued Interest Payment Due
Accrued Tax Transaction
Projected Accrued Tax

amp-I259 Financial Calculation redesign
The financial calculator from either the Calculator button or Accounts | Financial Calculator menu option has been redesigned to include a recurring charge calculation per instalment. The wildcard calculation is now based on a check box. One item can be set as a wild card to either work out the instalment count based on the repayment amount or the repayment amount based on the instalment count.

amp-I266 Financial Calculator Report refactor
The report available to be run when using the Financial Calculator has been refactored and now includes the ability to print the amounts with recurring charges. The report can be displayed on screen, printed to PDF or saved as an Excel spreadsheet.

amp-I372 & amp-I274 Validation on Exclude from Interest Calculation flag on a Transaction Type
The following validations are set on the Exclude from Interest Calculation flag on an Account Transaction Type. If the selection is anything but the below the selection will be disabled.
  1. Module MUST be Variable Loan
  2. Interest Paid selection MUST be None
  3. Year End Tax Report selection MUST be None
amp-I381 Account Arrears Report 
An issue on the Account Arrears Report has been corrected where the arrears days were not calculating correctly.

Argos Server Application

amp-I389 Daily Repeating Process Enhancement      
The Argos Server has been enhanced to allow for Daily Repeating Batch Processes to be scheduled. The setup of the recurring batch task is available when you run the task from within the Batch Processing module. Check on the Daily Repeating option then enter a hour to set the process run time.

Bailment 

amp-I199 Curtailment Direct Debit Issue
An issue in the Create Direct Debit process when the Curtailment Direct Debit flag has been turned on, is resolved.  The bug included future dated direct debits for Bailment Fees in the direct debit batch on the day where a curtailment payment is included in the direct debit batch. Curtailment payments will no longer trigger any change to the future dated direct debit.

amp-I656 Missing Dates on Bailed Goods Notices
An issue was identified where some Bailed Goods Notices were missing Floor Plan Start and End Dates. This occurred primarily on accounts using existing assets rather than creating new assets during account setup.

Root Cause:

  • When creating a Bailment account, the system checks the asset details:
    • If the asset exists and is linked to an active account, an error is returned.
    • If the asset exists but is not linked to an active account, it is linked to the new account without creating a new row in the BailmentAsset table.
    • If the asset does not exist, a new row is added to the BailmentAsset table and linked to the account.
  • In cases where existing assets were linked, the Floor Plan Start and End Dates were not populated correctly on the Bailed Goods Notice.

Fix Implemented:

  • The issue with missing dates has been resolved.
  • When linking an existing asset to a new Bailment account, the system now correctly populates the Floor Plan Start and End Dates on the Bailed Goods Notice.

Bailment Web

amp-I295 - Dealer Portal Summary Page Issue
An Issue on the Dealer Portal Summary Page displaying invoices due when credit notes have been raised has been correct. 

Any historical invoices will require Argos to fix these. Please contact Support if you have invoices that require remediation.

Batch Processing

amp-I388 Create Settlement Value as a Batch Process Task
The new Create Settlement Value process has been added to the Lease Batch Tasks to run via Batch Processing. No Preset is required for this process to be run.

Call Account

amp-I312 -Call Account Account Type Changes for Dividend Processing
The Call Account Account Type dialog has been updated to include the following fields for Dividend Processing:
  1. Drop down box has been added:
    1. Balance - dividend calculation method (default option)
    2. Daily Interest - daily interest calculation
  2. Supplementary Dividend Transaction Type
  3. Withholding Tax Transaction Type
  4. NRWT Dividend Communication Type
  5. RWT Dividend Communication Type
The following fields have been removed from the dialog:
  1. DLR Comm Trans Type
  2. DLR Comm Communication Type
The name on the following fields has been updated:
  1. Always Create Interest Paid Communication is now Always Create Investment Paid Communication
amp-I313 -Call Account Interest Posting Process Changes
The Call Account Posting Process has been updated.

When the Used Dividend Calculation checkbox has been selected AND the following fields are selected on the Account Type:
  1. Imputation Credit Transaction Type is setup
  2. Imputation Credit Tax Rate is setup
  3. Supplementary Dividend Transaction Type is setup
  4. Withholding Tax Transaction Type is setup
The following new transactions will post to a Call Account:

If the Resident Withholding Tax flag is checked on the Withholding Tax Rate the following extra transactions will posting as the same time as the Interest Transaction:
  1. Imputation Credit transaction at the selected rate per current functionality.  This will post a credit transaction to the call account, increasing the account balance.
  2. Withholding Tax transaction using the withholding tax transaction type on the call account type initial screen

  3. A communication will be created with the posting. The Communication will be the one set up on the Call Account Account Type under RWT Dividend Communication Type
If the Resident Withholding Tax flag is checked off the Withholding Tax Rate the following extra transactions will posting as the same time as the Interest Transaction:
  1. Imputation Credit transaction at the selected rate per current functionality.  This will post a credit transaction to the call account, increasing the account balance.
  2. Withholding Tax transaction using the withholding tax transaction type on the call account type initial screen
  3. Supplementary Dividend transaction using the Supplementary Dividend transaction type
  1. A communication will be created with the posting. The Communication will be the one set up on the Call Account Account Type under NRWT Dividend Communication Type
amp-I378 Call Account Projection changes
Call Account Projections have been amended to show Imputation Credits, RWT, NRWT and Supplementary Dividends for account types where the Use Dividend Calculation is checked on AND the Dividend Calculation Method is Daily Interest.

amp-I396 Call Account Type Changes
Call Account Types have been modified to allow the set up of Dividend calculations using the daily interest calculation method.  New transaction types need to be set up for Supplementary Dividends, Non Resident Withholding Tax and Imputation Credits.  Dividend certificates may now be created for RWT and NRWT.

Client

amp-I315 - Client Investment Income Report Export to include Dividend Filing
The Client Investment Income Report Export dialog has been updated to allow for Dividend Filing. Two new fields have been added to the dialog. These are mandatory if selected. If not selected the fields are greyed out. The new fields are:
  1. Dividend RWT Export File
  2. Dividend NRWT Export File
amp-I316 IRD Filing for Dividends
The Client - Investment Income Report Export has been extended to allow for RWT and NRWT filing for Dividends. The files are able to be created in Argos Vault and uploaded to the IRD.

amp-I480 Client button updates
The Accounts, Payables, Receivable and Consolidate buttons on a new client have been greyed out until a new client record has been saved.

Communications

amp-I20 - Communication Replacement field creation on Account Summaries, Account Statements and Account Projections
When creating an Account Summary, Statement or Projection report as a communication the following communication replacement fields are now available:
  1. [CLI_SEC_FSTNME]
  1. [CLI_SEC_LSTNME]
amp-I262 -  Communication Replacement field creation on Post Rate Change Notification Process
The following Communication Replacement fields are created when running the Post Rate Change Notification Process:
  1. [LOACC_INT_CALC_DATE] - Calculation Date. The date will display as the Long date format i.e. Wednesday, 28 May 2025
  2. [LOACC_UNPAIDBALANCE] - The Unpaid Balance as at the Calculation Date
  3. [LOACC_PROJ_INTRATE] -  The New Annual Interest Rate to be applied to the Future Ledger
  4. [LOACC_PROJ_INSTAL_NUMBER] - For a P&I Loan this is the Number of Payments from the Projected Instalment Number field. For IO loans this is the total of the two Projected Instalment Number fields.
  5. [LOACC_PROJ_DD_FREQUENCY] - The Projected Direct Debit Frequency
  6. [LOACC_PROJ_DD_STD_DATE] - The Projected Direct Debit Date
  7. [LOACC_PROJ_DD_STD_AMOUNT_1] - For a P&I Loan this is the amount for the first calculated Direct Debit Amount. For IO loans this is the Calculated value of monthly interest.
  8. [LOACC_PROJ_DD_STD_AMOUNT_2] - Only for IO Loans. This is the amount for the first calculated Direct Debit Amount
  9. [LOACC_DD STD_AMOUNT_CHANGE] - Difference between the existing Direct Debit Standard amount and the Repayment Amount 1
  10. [OCR_CHANGE] - Interest Rate Change % , will display as a positive number
  11. [OCR_DATE] - Date of the OCR Rate Change. The date will display as the Long date format i.e. Wednesday, 28 May 2025
  12. [INTPRFL_RATE_CHANGE] - Rate Change entered on the Edit dialog
  13. [LOACC_PROJ_DD_STD_COUNT_1] - Interest Only Instalment Count 1
  14. [LOACC_PROJ_DD_STD_COUNT_2] - Principal & Interest Instalment Count 2 
amp-I2318 -  Communication Replacement field creation for Dividends 
The following Communication Replacement fields are created when running the Call Account Interest Posting is run only if the Use Dividend Calculation flag is checked on the Call Account Account Type
  1. [CS_DIVIDENDWHT_AMT] - The Value of the Withholding Tax Transaction
  2. [CS_SUPPLEMENTARYDIVIDEND_AMT] - The Value of the Supplementary Dividend Transaction 
amp-I346 -Call Account Interest Posting Dialog Changes
The Call Account Interest Process dialog has been updated to allow for a Payment Date and Message to be entered. These fields will create communication replacement fields that can be included on the Interest Paid communication that is created by the Interest Posting process.
  1. [INTEREST_PAY_DATE]
  2. [INTEREST_MESSAGE]

Database logging

amp-I415, amp-I458 and amp-I460 Database Logging
Additional database logging has been added into Variable Loan Early Terminations, Dealer Commissions Calculations and Fixed Loan Scheduled Direct debits to allow for better support in these areas.

If these log files are requested by Argos for support purposes you can locate them on your PC in the following location:

C:\Users\User Name\AppData\Local\Argos Financial Systems Limited\Argos Vault\log\AfsSupport.YYYYMMDD.log

Dispatch Centre

amp-I202 - Sending an email without an attachment
We have added in functionality to send an email from within Vault that does not contain an attachment. This can be used for sending a letter to clients that forms the email body.

Distributor

amp-I197 - Distributor Payout Process Issue
An issue has been fix where the Distributor Payout Processing was causing a crash due to invalid characters in the Distributor Invoice Number on a Bailment Account.
When creating an account from the API, Account Creator or a Manual Account the ' and ` characters are no longer permitted.

amp-I406- Distributor Remittance Advice
A default setting in word is causing issues with the layout of the Distributor Remittance Advise table. The Master Communication for Distributor Remittance Advices need to be updated and the following table property altered:

Click on the table in the word document and go to Table Layout. 


A dialog will display, select Options, then check off the Automatically resize to fit contents:


Ok the changes on both dialogs.

When you create the Remittance Advice now this will display as expected.

Fixed Loan

amp-I404 - Duplicate Statement Numbers
An issue on the Fixed Loan Statements having duplicated statement numbers has been resolved. 

Help Document Links

amp-I245 - Help document links
New help document URL links have been added for the following dialogs:
  1. Portfolio Details
  2. Portfolio Browse
  3. RBNZ Export
  4. Post Variable Loan Facility Fees
  5. Variable Loan Facility Fee Details
  6. Variable Loan Account Type Details
  7. Account Projection Report
  8. Account Transaction Projections
  9. Payment Cycle Browse
  10. Payment Cycle Details
  11. Variable Loan Account Details
  12. Create and Maintain Planned Interest Rate Changes
  13. Variable Loan Control Details
  14. Create and Maintain Interest Rate Notifications
  15. Account Type - Call Savings Details
  16. Call Control Details
  17. Interest Rate Change Notification Details
  18. Post Interest Rate Change Notifications
  19. Post Interest on Call Accounts
  20. Post Interest on Accounts
  21. Investment Income Reporting Export
  22. Calculate Lease Settlement Values

Lease

amp- I386 Settlement Value Process
A new Lease process has been created to allow for the calculation of Settlement Values on Lease Accounts on a daily basis. This amount is stored in a database field on the LEACC table called LeaseSettlementValue. The amount is calculated at "todays" date and takes the GST excl figure from the Early Termination dialog on the Lease Account.

A control script is required to be run to activate the menu option for this process.

The Process may be run via Batch Processing and via the Argos Server.

amp- I484 Lease Cashflow Export Report
A issue on the Lease Cashflow Export Report has been corrected and can now be run without any issues.

Reports

amp-I234 - Account Projection Report Upgrade
The Account Projection Report has been upgraded to a Dev Express Report.
  1. This change allows for the report to be created as a communication so it can be sent from within Vault to the client
  2. The Report can be saved as a PDF, extracted to excel or a csv file
  3. This report is run from the Variable Loan, Deposit and Call Account systems
  4. All clients with a custom report will be provided with a new branded report for the new layout

Variable Loan

amp-I205 - Variable Loan Facility Fee Calculation
A new daily % Facility Fee calculation has been added based on the full facility limit on a Variable Loan Account. This setup can be applied on the Variable Loan Account Type.
Any updates to the fee % on the account can ONLY take place at the end of the month AFTER the posting of the current months fees.

amp-I211 - Extend the list of Variable Loan Portfolio Property Security Types
The following Property Security Types have been added to the Portfolio Details dialog 
  1. Commercial Residential
amp-I249 - Extend the list of Variable Loan Portfolio Security Types
The following Security Types have been added to the Portfolio Details dialog 
  1. 3rd Mortgage
  2. 4th Mortgage
  3. 5th Mortgage
amp-I252 - Loan Account Payment Cycle Indicator
A new lookup has been added to the Variable Loan Account Details dialog called Payment Cycle. If you [F2] or right mouse click on this dialog a new browse and details dialog will display where you can set up Payment Cycles for Variable Loans. The Payment Cycle will for part of the new Create & Maintain Interest Rate Notifications process.

amp-I260/261 - Direct Debit Schedule
The ability to set up a Direct Debit schedule on a Variable Loan has been added. This allows you to create or maintain a Direct Debit payment plan for a client in arrears, where the client will be repaying the arrears over multiple dates

When running the Direct Debit Report and Posting the Direct Debits the scheduled amount is used

Note: The Direct Debit schedule overrides any other Direct Debits loaded, so instalments that  will be due in the payment plan period should be added to the Direct Debit schedule also.
When the final Direct Debit in the schedule is due, this account will be highlighted on the Direct Debit report, the account must then be accessed and the standard Direct Debit details should be re-established.

amp-I253, 254, 255, 256, 257, 258 - Create & Maintain Interest Rate Notifications
A new process has been created to allow the automated the processing of creating interest rate change advice notices to send to clients. The process will allow the user to set an OCR rate change at a specific date and create rate changes on each individual loan account.

The search will display all accounts within the parameters entered on the browse dialog. The accounts can be segregated by the Payment Cycle Indicator.

The calculation can be based on a Principal and Interest repayment schedule or an Interest Only repayment schedule.

A communication will be created that can be sent out to clients with the new repayment values based on the schedule chosen.

When the posting process is run both the Future and Current Ledger Interest Rate will be uplifted by the OCR rate change amount entered on the dialog.

The Direct Debit date, frequency and amount can be updated at the time if these need to be altered.

For an Principal and Interest account, the new instalment amount will be loaded onto the account and the direct debit amount, date and frequency will be updated for the next month/week/fortnight etc.

For an Interest Only account, a Direct Debit schedule will be created for the number of payments specified on the Posting dialog. The instalment amount and next instalment date will be updated to a Principal and Interest value for the next posting after the direct debit schedule is complete.

Each account must have its own Future Ledger (Principal Balance) and Current Ledger (Arrears Balance) Interest Profile set up for this process to work.

Principal and Interest amounts are based on the current outstanding balance on the Future Ledger and the Maturity Date on the account as per the standard Projection Function.

Interest Only amounts are based on the current outstanding balance on the Future Ledger for the number of Interest Only payments listed on the Post Rate Change dialog. The ongoing Principal and Interest amounts after the Interest Only period are based on the current outstanding balance on the Future Ledger and the Maturity Date on the account as per the standard Projection Function for the remainder of the account.

When the posting has been run the Interest Notified Flag will be set on so the account is removed from the Post Rate Change listing.

When the next posting process is to be run the Reset Interest Notification button will need to be pressed so the Interest Notified flag is removed to enable to process to be run again.

amp-I332 - Interest Notified Flag
A new checkbox has been added to the Variable Loan Account Details dialog called Interest Notified. When the Post Interest Rate Notifications process has been run this flag will be checked on. It can be unchecked at any time if a new Interest Rate Notification is required to be created.

amp-I383 - Posting Interest updated the Posting Flag on and Interest Profile
The Post Interest Process on Variable Loans has been extended to update the Posted Flag on an Interest Profile if there has been a future dated rate change that is now dated yesterday or prior. A Rate Change line will be posted to the Transaction dialog on the account at the same time. This applies to both Current and Future Ledger Rate Changes.

amp-I433 Variable Loan Early Termination Issue
An issue reported on Variable Loan Early Termination has been corrected. Interest was calculating incorrectly.