Levridge Special Release 1.5 is Live!

By Becky Newell | Published: Jul 8, 2024 | Accounting , Product Updates , Release Notes | read

Our Commodity Accounting solution now includes powerful new features that we couldn’t wait to share until the Fall release. These enhancements focus on boosting efficiency and saving time, improving accuracy and consistency, and offering flexibility to tailor the solution to your needs.

2024 Special Release 1.5: July

FeatureRelease Notes
Spot TicketsWhen importing inbound tickets using AgXML commodity movement messages, a ticket can be identified to be spot end of day or spot immediate. A user can see these values in the inbound ticket application form and create a spot contract with the end of day price or create it with the price that was available at the time of the scale ticket.

Blog: Enhancing Efficiency with New Spot Ticket Features – Levridge
YouTube: https://youtu.be/ehitibxHP80?si=oo67XtuRWZJL8fQo
Commodity Sales Contract Copy On a commodity sales contract you now have the option to copy the contract to create a new sales contract. 

Blog: Improving Sales Contract Creation with Copy Functionality – Levridge
YouTube: https://youtu.be/p420PRivt-A?si=ci7MOG2KhEZ46x-d
Default Alternate Items for Sales Contracts and Basis Details Enhancements Levridge provides the ability to identify alternate items to be defined on a sales contract delivery period line; however, in prior releases those would have to be setup on each delivery period line on each sales contract. Now there is the ability to define a set of commodities on the released item that you have the option to default on the sales contract. There is also the ability to further refine those defaults at the customer level and define not only the commodities that should default but also with what delivery addresses should default for that contracted commodity.

Blog: Default Alternate Items Now Available in Sales Contracts – Levridge
YouTube: https://youtu.be/p420PRivt-A?si=ci7MOG2KhEZ46x-d (view starting at the 2:14 timestamp)
Create Sales Order from Sales ContractWhen a user is on a commodity sales contract, there is an option to create a sales order from that sales contract. When the sales order is created, the sales contract is automatically linked to the sales order lines.

Blog: Creating Sales Orders from Sales Contracts – Levridge
YouTube: https://youtu.be/p420PRivt-A?si=ci7MOG2KhEZ46x-d (view starting at the 9:22 timestamp)
Commodity Sales Copy Purchase Contracts On a commodity purchase contract you now have the option to copy the contract to create a new purchase contract.

Blog: Streamline Contract Management with Copy Purchase Contracts Feature – Levridge
YouTube: https://youtu.be/hAEU23AdEkE?si=2_huIDz_ZZI3Ls-Y (view starting at the 0:22 timestamp)

Trade VoidsIn Levridge risk management trade entry, the ability to reverse a posted trade or a matched trade was added as options along with the ability to void a trade.

Blog: Simplifying Trade Management with Ability to Void Futures Trade Entry – Levridge
YouTube: https://youtu.be/Eab_8USkSQ8?si=ET1zitOJxfCit8-O
Support with AgXML Commodity Movement to Import or Export the Invent Location and Batch Number When importing or exporting scale tickets using AgXML commodity movement messages, the system will now include the batch number and inventory location if the released items are configured to use those options.