Levridge Product Roadmap: What’s the Plan for 2024
| Updated: May 13, 2024 | Accounting , Ag sales , Equity , Product Updates , Release Notes | read
readThe Levridge team is committed to developing the best commodity accounting, ag sales, and equity and patronage software solutions available. Our technical and ag industry experts constantly evaluate the current functionality of our solutions and incorporate client feedback to identify features and enhancements for future releases.
The Levridge Product Roadmap provides a summary and timeframe for the availability of upcoming new features.
2024 Release 1: May
| Commodity Accounting | Feature | Release Notes |
|---|---|---|
| Provisional Invoicing | Ethanol producers and marketers require the ability to provisionally invoice customers. The customers and producers agree to pricing based on recent historical averages (week, month, quarter, etc.) at the contract level. When the ethanol is shipped, it is invoiced based on the agreed upon historical average. At the end of the period (month, typically) the invoices are then trued up against actual market pricing. The customer then needs to receive a final invoice with a +/- balance. The user will be able to set the option to provisionally invoice at the Item level, the user will then be prompted when creating a contract to enter a provisional price. The contract values fall into the Long/Short reporting based on the term and units. The units are divided by the market days and adjusted daily based on what is shipped. When it is time for the user to provisionally invoice, they will do so by choosing open tickets in a new view in a similar process that is currently used. The user can add fees/charges/commissions at the header and ticket level upon creating the provisional invoice. The user will be able to set the provisional price based on the contract and then complete the process by choosing “Provisionally Invoice”. When it is time to final invoice the customer, the user will choose tickets that show they have been provisionally invoiced. The user will be able to add or modify charges/fees/commissions at the header and ticket level prior to Final invoicing the customer. They will be able to finalize the price on the contract and can generate the final invoice. The final invoice must include the provisional price, final price, and show the difference between the two, along with added charges/fees/commissions applied to the invoiced tickets. | |
| Defer Payment By Contract | Allow for contracts to be identified as deferred to allow users to more easily identify deferred payments in the payment wizard. | |
| Contract Auditing | Allow for auditing of Purchase contracts and Sales contracts for who made a change and why. The history of these changes can be seen from the contract forms. | |
| Fee Schedules on Sales Contracts | Ability to select a fee schedule on a sales contract to calculate fees on the assigned outbound tickets, to be applied when invoicing. | |
| Modify Inbound Calculated Fees and Discounts by Ticket | Allow modifying discount and fees at the inbound ticket level and tracking the original calculated amounts and then the updated values. | |
| Modify Outbound Calculated Fees and Discounts by Ticket | Allow modifying discount and fees at the outbound ticket level and tracking the original calculated amounts and then the updated values. | |
| Load-based Purchase Contracts | Enabling the load-based option on the purchase contract similar to the existing sales contract option. This enables the contract to be fulfilled based on the number of tickets assigned to the contract instead of quantity. | |
| Sales Advance Enhancements | Remove the requirement that a ticket has to be applied to a contract before it will display on the sales advance dialog. In the Shipped not invoiced form, in the Advances tab, the system doesn’t display advances that did not have a ticket selected. All advances should display even if the user did not select a ticket on the advance screen If Auto apply prepayments is enabled in Ag sales parameters, the system should NOT apply prepayments to any commodity sales orders/invoices that are generated through Shipped not invoiced, Shipped not invoiced-bulk, or the new provisional invoicing forms. | |
| Settlement Requests by Batch | Some organizations have a policy to pay their commodity providers for all delivered and priced grain automatically on a given day. They do not require, and some don’t allow the provider to request settlement at any other time. For example, in the ethanol industry, it is not uncommon for the ethanol plant to write a check/create a EFT on Friday, for all commodity delivered that week. | |
| Fill at Market – Generate a Vendor Invoice rather than a Purchase Order | In earlier releases, when the result of a fill at market process on a sale or purchase contract, the system would generate a purchase order. Instead of generating a purchase order, the system will now create and post a vendor invoice journal. Journal options have been added to commodity accounting parameters that will be used for the sales and purchase contract process. | |
| Ag Sales | Feature | Release Notes |
| Kahler integration | Kahler is a fertilizer blending software. Levridge in this release will be calling the API of Kahler to pull down Kahler tickets. These tickets will be processed via the document exchange module in D365 F&O and will either create a sales order or transfer order and has configuration to auto receive the transfer order or auto post the packing slip on the sales order. | |
| XML Export Filtering for Product Movement Records (PMR), Purchase Orders, Inbound and Outbound Scale Ttickets | Allow users to filter what XML documents can get exported and to whom those documents should be sent to. | |
| Agronomy/AgWorks Integration – Phase 1 | Enables the message receiving, reading, and automatic processing of a Product Movement Report (PMR) from the CIDX 5.0 standards. The PMR will cover FD365 F&O inventory adjustments and bill of materials, transfer orders, and sales orders. The processing of the PMR message will flow through the Levridge staging tables to make troubleshooting message issues less technical and more functional. | |
| Equity | Feature | Release Notes |
| Tax portal | Tax Form Creation and Updates – Adds the ability to create new tax forms with unique identifiers for both the tax form and its details. Publication and Un-publication of Tax Forms – Publish tax forms with automatic document creation based on templates, including PDF generation for distribution, using a scheduled timer to handle progress updates. Handling of TIN / EIN and other sensitive information – Securely encrypt and decrypt taxpayer identification numbers (TINs), including Employer Identification Numbers (EIN), Individual Taxpayer Identification Numbers (ITIN), and Social Security Numbers (SSN). – Decrypts TINs to ensure that tax forms are populated with accurate and readable information. – Securely handles the transaction of data in the entirety of the tax portal |
2024 Release 2: September
| Commodity Accounting | Feature | Release Notes |
|---|---|---|
| XML Purchase and Sales Contract Export and Filtering | Generate an AgXML message for a purchase and sales contract for exporting/importing, with filtering capabilities. | |
| Meter Ticket – AgXML Import Add User Area Fields | With the AgXML commodity movement messages, utilize the user information section to include data that is not supported in the standard AgXML message. For example, the meter tank number and COA fields. | |
| Commodity load orders | Opening the commodity load orders, which work for outbound processing today, to work for inbound, transfers, and back-to-back deliveries. | |
| Allow Zero Pricing and Credit Settlements | Allow a zero board price and zero net price on sales and purchase contracts following the same pattern as the zero basis. Then on inbound settlement, allow a negative value to post to the vendor invoice journal. This is in case there is a discount or fee that exceeds the contract net price. | |
| Composite Grades | Provides the ability to record samples on scale tickets, and when grades results are available, to update one or multiple tickets with those results. | |
| Contract Approval Process | Extend the sales and purchase contract status to allow contracts to be in a pending and waiting for approval status. User can approve a contract then it will be available for tickets or loads to be applied. | |
| Bushel Integration – Phase 1 | Beginning stage of a multi-release process to integrate Levridge with the Bushel application. | |
| Multicurrency in Mark-to-Market | Extend Levridge support for multi-currency in the mark-to-market process. | |
| Commodity Sales and Purchase Contract Copy/Generate | Allows the user to copy a sales contract to a new sales contract or a purchase contract to a new purchase contract. Also provides the ability for the user to generate a sales contract from a purchase contract or a purchase contract from a sales contract. | |
| Direct Ship Option on Inbound Ticket | Allow an outbound ticket to be created from an inbound ticket which mimics the existing functionality of generating an inbound ticket from outbound. | |
| Equity | Feature | Release Notes |
| Tax portal | Tax Form Creation and Updates – Adds the ability to create new tax forms with unique identifiers for both the tax form and its details. Publication and Un-publication of Tax Forms – Publish tax forms with automatic document creation based on templates, including PDF generation for distribution, using a scheduled timer to handle progress updates. Handling of TIN / EIN and other sensitive information – Securely encrypt and decrypt taxpayer identification numbers (TINs), including Employer Identification Numbers (EIN), Individual Taxpayer Identification Numbers (ITIN), and Social Security Numbers (SSN). – Decrypts TINs to ensure that tax forms are populated with accurate and readable information. – Securely handles the transaction of data in the entirety of the tax portal |