LYNKS Release notes 5.3.0

Table of Content

Functional Improvements

Signatory groups management

The Signatory Groups Management feature enhances the autonomous management of signatories within the LYNKS tenant. Administrators can now create new signatory groups, facilitating the management of signatory rules. These groups are linked to signing rules that define who is eligible to authorize specific payment ranges. The feature also allows administrators to edit existing groups and the notification preferences of their members directly through the tenant settings in the LYNKS UI. For more details, please refer to the guide.

Settings - Users- Signatory groups tab

Settings - Users- Signatory groups tab

Notification on payment cancellation, rejection or failure

Until now, only signatories and the payment creator were notified when a payment was canceled, rejected or failed. With this new release, notifications can now be enabled for other user roles. For example, auditors can now be notified for any of the following payment statuses:

  • Canceled
  • Rejected by signatories
  • Failed
  • Rejected by the bank
  • Pending delivery for more than 7 days

To enable and configure these notifications, please contact the Customer Support team.

New payment status

In this new release, we are introducing a new intermediary status for payments. If a bank includes payments with a future value date in their end-of-day statements, these payments will be marked as Booked by bank in LYNKS. This status will remain until the payment is updated to Executed by bank after the value date has passed.

Booked by bank payment

Booked by bank payment

UI and UX improvements and small enhancements

Account balance report

The Account balance report has been enhanced to consistently show the most recent known balance of an account. Users on the reports page can now generate balance reports for specific accounts within a chosen timeframe. As part of these improvements, LYNKS ensures that the report includes the latest known balance for an account, even if the balance date falls outside the specified timeframe. This update enhances the overall user experience and usability of the account balance report.

Account balance report

Account balance report

Small UI changes

Several small yet impactful changes have been made to enhance the look and feel of the application. These include:

  • Updated wording
  • Enhanced tooltips on the dashboard
  • Improved feedback messages throughout the application
  • Updated icons
  • Enhanced status tags, among others.

Bug Fixes and small enhancements

Improved application performance by addressing several bugs and resolving minor UI issues, enhancing the overall user experience.