ORION BILLING RELEASE NOTES

Last week we added some new features to our Billing Apps. Below is a list of new features or changes that have been added. Let us know if you have any feedback or questions on the updates below and definitely let us know how this update has helped your firm!

• Adds the option to show all outstanding bills for a client regardless of date range. Any bill that does not have a payment posted will show.
• Adds the field “Outside ID” to all Account level scrubs in the Billing Audit app.
• Adds “Bill Style” to the available list of Filters within the Billing Audit, Bill Eligible Section. This will allow you to filter out Arrear Transactions easily when marking Cash Flows.
• Orion Connect now allows the ability to enter fee schedule tiers with up to 3 decimal places without rounding the 2nd decimal place when you hit save.
• Allows “Model” to be added as a column in the Billing Audit Application.
• Adds cash funding functionality to Forecast billing.
• Makes display changes in the Bill Generator wizard when creating a Final Bill instance. The default date will be the current date, added ability to search for an Account ID or account.
• When billing for specific accounts in the Bill Generator, adds the ability to search for an Account Number or Account ID. All accounts in the Household will be defaulted to be included in the bill run unless you deselect the account.
• Adds ‘Household Level Recurring Adjustments’ and “Account Payee Information’ queries to Billing Audit app.
• Forecast bills no longer consider Billing Lockdown whether user selects to turn the feature on or off.
• Change to the fee & payout schedule pulling on the payable report so you can pull this data from the bill detail and reflect the actual schedules used when the bill was calculated.
• Allows the user to create Payables by Custodian, Fund Family, or Business Line within an instance.
• Allows the user to enter an end date on a recurring adjustment.
• Allows users to include the Sub-Advisor account field in the Bill Eligible grid.
• Updates viewing the structure of flat dollar fee schedules in the Portfolio Audit app to show the flat dollar amount.