In this month’s Trail Mix, we would like to share new functionality in Solifi’s Portfolio Management Software (formerly InfoLease). Users can now process correcting payments via the Payment History tab within Contract Maintenance.

To process correcting a single payment from the Payment History tab, select a Payment History transaction, and then select Correcting Payment within the Actions box.

Complete the Create and Post Correcting Payment Batch details and select Post.

The transaction will be reversed and the user will receive this confirmation.

To process multiple correcting payments at one time, select the transaction(s) from the Payment Transaction Summary page and then select Correcting Payment for Selected.

Complete the Create and Post Correcting Payment Batch details and select Post.

The transaction(s) will be reversed and the user will receive this confirmation.

That was easy! No more needing to write down the transaction number(s) to process via payment entry, although that is still an option. 😊

 
Written by

Tamarack

Tamarack Technology, Inc. is a leading provider of independent software, operational, and technology services supporting the equipment finance industry for more than 20 years.

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