With this new functionality, it is now also possible to create an invoice proposal through InSite. When an invoice proposal is submitted, the workflow starts. With this, you can first get the proposal approved by one or more reviewers and then create and issue an invoice.
This workflow is mainly intended for organisations such as municipalities and universities where approval is needed to create ad hoc invoices.
The advantage is that this process takes place entirely in InSite. No need to go to Profit. This enables InSite users to capture their own invoice proposals. Moreover, InSite allows you to save invoice proposals as drafts, send them in for assessment and change them if required. This allows you to have the invoice proposal approved by, for example, the budget holder and/or accounts receivable department before sending the invoice.
We improved reminders and debtor monitoring. Here are the main innovations:
From now on, you can record investment projects in Profit. Investment projects help you efficiently manage the acquisition of fixed assets with multiple purchase invoices. Consider, for example, keeping track of construction projects and other large investments spread over several invoices. With this new functionality, you can enter these purchase invoices on one project and then activate them as fixed assets. So you get better control over your investment costs, have fewer manual general journal entries and an automated link between projects and fixed assets.
Profit automatically keeps track of which amounts have been entered and which still need to be activated. As a result, your project administration will perfectly match your financial administration. And in InSite, you also have full insight. That is how you keep a grip on your investments!