Support for onboarding, underwriting & monitoring solutions in Microsoft Dynamics 365 Business Central
Railz now supports onboarding, underwriting & monitoring solutions in Microsoft Dynamics 365 Business Central. Customers will be able to retrieve the below through the Dashboard & API:
- Accounting Transactions
- AP Aging
- AR Aging
- Balance Sheets
- Chart of Accounts
- Cashflow Statements
- Income Statements
- Trial Balances
For more details, see the Dynamics 365 Business Central integration.
Customers can use the PUT endpoints to reconcile & update information from their application back to these accounting service providers. For more details, see Pushing Data & the updated API reference.
Railz now supports pulling accrual & cash-based financial statements & trial balances. The main difference between cash & accrual accounting is in the timing of when revenues & expenses are recognized by a business.
Customers will be able to choose the
accountingMethod of choice when retrieving data through our API & Dashboard. For more details, see the updated Financial Statements endpoints.
Railz now supports applying accounting classifications to bank transactions retrieved through Plaid based on our universal & normalized chart of accounts. This feature is currently in open beta.
Customers can now access classifications similar to the level they would expect in the financial statements pulled from a business' accounting service provider through Bank Transactions in the API & Dashboard. For more details, see Bank Transaction Classifications.
Railz now supports reconciling bank & accounting transactions of a business to ensure the fidelity & accuracy of a business's financial data. This feature is currently in open beta.
Customers will be able to access a mixture of banking accuracy scores & descriptive statistics concerning bank reconciliation through the API. For more details, see Bank Reconciliation & Accounting Accuracy Score.
Railz now supports generating fraud risk metrics for a business based on its financial statements & ratios.
Customers will be able to access a score & metrics that indicate potential fraud to help detect if their business customers have done any sort of manipulation with their earnings or financials through the API. For more details, see Fraud Risk Metrics.
Railz can now support webhooks in Sandbox using the /sandbox/fireWebhooks endpoint to manually trigger webhook events.
Customers will be able to test webhook events in their development environment to test that their code correctly handles webhook events before making them available in production. For more details, see Testing Webhooks in Sandbox.
Railz now supports calculating a business's probability of default (PD) by considering multiple definitions of default to provide customers with more confidence in their decisions knowing they are based on up-to-date & accurate data.
Customers will be able to access multiple PD models for each definition & a constructed aggregate PD through the API. For more details, see Probability of Default.
Railz now returns an account's relation through the
parentRef object in the chart of accounts response payload.
Railz now returns currency used through the
currencyRef object in the aging reports response payload.
Customers can use this data to access & display the proper currency for multi-currency aging report values. For more details, see the aging reports endpoints.
Railz now supports querying the /data/syncStatus endpoint by
Customers can now refine their queries to limit the data returned in the response. For more details, see /data/syncStatus.
An issue that prevented Railz Connect from auto redirecting to the specified
redirectUrl when banking integrations are disabled has been fixed in this release.
An issue that caused the connected/disconnected pills in Railz Connect to be overridden by the customer's
brandColor has been fixed in this release.
Released overall improvements & optimizations to:
- Data extraction & normalization improvements.
- API endpoints & data models.
- Overall UI & UX improvements to Railz Dashboard & Connect.