July Feature Release Notes

Released on: July 18, 2023

Railz has been working to continuously improve our platform to meet the evolving needs of our valued users. In our upcoming release, we are introducing a range of updates designed to empower financial institutions to connect seamlessly, access comprehensive reports, and gain valuable insights.

Business Activity Log

the Business Activity Log, a powerful feature that provides a detailed log of activities related to a business and the connections to effectively monitor and audit the activity of their business customers’, ensuring transparency and accountability. Business Activity Log is applicable to newly created businesses and will be available to all Railz accounts. For more information visit, View Business Data

Download Full Reports

Ability to download full reports directly from the Railz dashboard. Access and download complete reports, enabling them to gain a holistic understanding of their business customers’ financial information. Railz is introducing new report types, including:

Balance sheets forecasts
Income statements forecasts
Cashflow forecasts
Payment methods

For more information visit View Business Data

United Kingdom Banking Institutions through Plaid

Enhanced connectivity with United Kingdom banking institutions through Plaid to empower financial institutions to streamline cross-border transactions and access international business operations through the Railz API, opening new avenues for growth and collaboration in Europe. For more details, visit Setup Plaid in Production.

Update & Delete Invoices and Invoice Payments

Railz API is expanding its support in the latest version of our API, API V2. Now, users can easily update and delete Invoices and Invoice Payments across accounting platforms such as Netsuite, FreshBooks, Xero, Sage Intacct, Sage Business Cloud, Wave, and Microsoft Dynamics.

By enabling the functionality to update and delete Invoices and Invoice Payments, Railz API offers a comprehensive solution for automating accounting receivables.

For more details, visit the Accounting Integrations page.

Delete Bills and Bill Payments

Railz API is expanding its support in the latest version of our API, API V2. Now, users can delete Bills and Bill Payments across accounting platforms such as Microsoft Dynamics, FreshBooks, Sage Intacct, and Sage Business Cloud .

For more details, visit the Accounting Integrations page.

Extended Journal Entry integrations

Railz API is now expanding its integration capabilities in the latest version of our API, API V2, to provide support for Journal Entries in Microsoft Dynamics.

Support of Expenses for QuickBooks Online

Railz API is excited to announce the expansion of its accounts payable solution in the latest version of our API, API V2, by introducing support for Expenses in QuickBooks Online. This enhancement empowers our customers with the ability to retrieve and push expenses directly to QuickBooks Online, streamlining their accounts payable processes.

🚨 Changed Functionality

✔️ Overall improvements and non-breaking changes

API V2 allows performing manual data syncs for all data types with just a single API call