Time-saving Features Supporting the Allocation Process

September 13, 2022  Media, PA
New Features , Software Releases

We are pleased to announce Quadra® release 7.7, which includes feature enhancements for the Allocations module. These updates include an option to view history, the ability to renew while copying an allocation, and availability of a prefix for auto-numbering invoices.  These improvements provide even more value to this module as a singular tool for determining the cost of risk across all exposure assets.

View allocation history

With this latest release, it is now possible to view the history for allocations. This feature allows users to easily identify earlier edits and changes made by team members. The grid displays transaction date, user, action (add, edit, delete), and the step in the allocation wizard.

Renew an allocation when copying

Users can now renew an allocation when using the ‘copy’ feature.  Prior to this release it was possible to renew an allocation but not copy the data. This improvement greatly reduces the time needed to create an allocation for a new fiscal year based on the previous year’s allocation.  When copying, options are available to keep existing overrides, increase all dates by one year, and copy as a renewal or not. 

Expanded option for creating invoice identifier sequence

In the Accounting tab of the Allocations wizard, under the ‘Invoice Number Format’, users can specify a prefix and maximum number of digits that will appear as the invoice number. Ultimately, this provides clients with greater customization in numbering invoices to make payment processing easier and faster.   With this option, users can include a text prefix and then specify the number of zeros that will pad the sequence number. Users can select up to nine zeroes. 

This year we have rolled out a number of features to improve the allocation experience for our clients. Quadra release 7.5 introduced enhancements within the Allocations schedule, modifier settings, and the preview of charges. Also, users have the ability to view overlapping rate charges and information on imported rates, and can access the new Allocation Charges report. Read more.

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