Harshad

Overview of ISabel 6 and SEPA FInvoice

2008-05-26T05:24:00.000-07:00

Index

What is Isabel 6

Zoomit , Bankit 6.0

What is SEPA

SCT , SDD , SEPA Card Fremework

SEPA FINVOICE

Invoice Part
Payment Initition ( UNIFI – ISO 20022 like CustomerCreditTransferInitiationV02 ,CustomerDirectDebitInitiationV01 )
ebXML Accounting Token

Example of SEPA FInvoice

What is Isabel 6

Very advanced electronic banking solution
Isabel 5 will not be upgraded for SEPA
Isabel 6 is the SEPA solution, up to date and future proof - SEPA formats for data exchange (XML and CODA 2.1)
Isabel 6 have new two platform for SEPA :

Zoomit : Platform for e-document presentment
Bankit 6.0 : Platform for (corporate) e-banking

Isabel 6 launch in 3 steps

Pilot Phase

Started 28/1/08
For customers needing SEPA and eager to use the new Isabel 6 benefits Time before launch used to get all customer ready for Isabel 6

Launch Phase

Foreseen as from October, gradual uptake foreseen

Massive migration phase

All customers are brought to Isabel 6 because of SEPA obligation

Import / Export functionality on Isable 6 Pilot version

Import counterparties
Import domestic, foreign and SEPA Transactions
Import / Export account information (CODA 2.1)

What is SEPA

Evolving from multiple domestic, national payment systems to one Single Euro Payments Area
SEPA Componets

Credit Transfers (SCT)
New Direct Debit flows (SDD)
SEPA Cards framework

New elements

IBAN / BIC for identification of accounts
New standards (XML standards) – UNIFI ( ISO 20022 )
New Legal Framework
CODA 2.1 for Account statement

SEPA FInvoice

The SEPA Finvoice version used by Zoomit was designed by combining elements from three XML-based standards:

The Scandinavian version of the Finvoice (Financial Invoice) minus its EPI section
The ISO 20022, payment standard initiation
The ebXML accounting token as defined in CCL06B.

The invoice part of SEPA FInvoice :

The SEPA Finvoice used by Zoomit is based on a draft of Finvoice 1.3 model.
The essential elements are:

The parties (seller, buyer )
The invoicing header (date, invoice number, various references)
The rows: one row contains one line of the invoice, with all information related to that line (product, price, quantity, shipment cost, discount, etc.). The row model supports subrows (e.g. for subtotals) and grouping of rows.
Information on delivery.

Payment Initiation Part :

SEPA Finvoice is the ISO 20022 standard on payment initiation (CustomerCreditTransferInitiationV02 and the CustomerDirectDebitInitiationV01) Based on the implementation guidelines of Febelfin / sepabelgium.
Finvoice supports four mode of payment:

credit transfer,
direct debit,
DD80 (former direct debit)
ePI (electronic payment initiation)

Although the SEPA Finvoice contains the complete ISO 20022 standard, Febelfin has specified a subset of that standard... so not all the elements are needed for payments within Belgium.
In the payment part, the essential elements are:

The parties (debtor, creditor, bank)
The information on the payment (date, amount)
The structured communication.

ebXML Accounting Token :

The accounting token was developed in the framework of ebXML.
Purpose is to enable automatic generation and recording of entries in accounting books.
For The SEPA Finvoice version we have included the entire data set defined by the ebXML accounting group.
More specifically, This includes:

Account numbers: the account proposed for posting both in the buyer and seller records.
Reporting items: the reference to the VAT reporting forms, both for the buyer and seller reporting

Example Of SEPA FInvoice

Example for Credit transfer
Example for Direct Debit
Example for EPI

References :

Enhancement on modules :

2008-03-29T03:33:00.000-07:00

*** esale_joomla *** :
* Now you can export product categories and also Taxes.
* Improvement on export product : add new Boolean field 'Export to website'. only export this field ticked and new created and modified and products. also you can know how many product images are uploaded after export product.
* Solve bugs on import sale order from Joomla to Tiny.

*** product_pricelist_print *** :
convert this report into rml for better performance.

New modules :

2008-03-29T03:26:00.000-07:00

*** account_journal_visibility *** :
when we open the journals list, people will only see journal for which they are allowed (means their group is specified on the journal definition). and also Only people in the group defined on the journal will be able to see the invoices of this journal.

*** mrp_production_report *** :
* Add partner on procurement and production form which set when Sale order confirm ,
* Add link between production and procument
* New report for production.

*** stock_back_order ***:
To manage all back-orders (means partial pickings):
When products coming from suppliers arrive but some are missing, we have to make a partial picking. The remaining products are called "back-orders" and have to be separated from normal waiting picking (in a predefined list called "Back-Orders"). The same process has to be done for sending goods.

New Enhancement on Audit Trail module

2008-03-15T04:16:00.000-07:00

Key features :

Allows the administrator to track every user operations on all objects of the system.

A good way to display every modification of fields in the form

Opens all logs (modifications) on the particular object.

New modules

2008-03-03T02:36:00.000-08:00

"product_listprice_upgrade" :
The aim of this module is to allow the automatic upgrade of the field 'List Price' on each product.
* added a new price type called 'Internal Pricelist' (currently, we have only 2 price types: Sale and Purchase Pricelist)
* Created a wizard button in the menu Products>Pricelist called 'Upgrade Product List Price'
* When we have completed the wizard and click on 'Upgrade', it will change the field 'List Price' for all products contained in the categories that we have selected in the wizard

"product_visible_discount" :
This module use for calculate discount amount on Sale order line and invoice line base on partner's pricelist
For that,On the pricelists form, new check box called "Visible Discount" is added.
Example:
For product PC1, listprice=450, for partner Asustek, his pricelist calculated is 225 for PC1
If the check box is ticked, we will have on the SO line (and so also on invoice line): Unit price=450, Discount=50,00, Net price=225
If the check box is NOT ticked, we will have on SO and Invoice lines: Unit price=225, Discount=0,00, Net price=225

"product_catalog_report" :
This module use to print report of product catalog with product image, list price

new module : base_partner_surname

2008-03-01T03:43:00.000-08:00

Using this module , you can specify surname in contact name of partner.

Open Source in the Enterprise: 2008 Predictions

2008-01-10T22:04:00.000-08:00

Here are the main 2008 predictions included in the Open Solutions Alliance survey:

The confluence of open-source and software-as-a-service (SaaS) models.

"These are the two most powerful trends in software today, and while they've traditionally been seen as separate, parallel developments, they are rapidly combining to create the new business model for enterprise software," said William A. Soward, CEO of Adaptive Planning, an open-source budgeting, forecasting and reporting software company.

No one region will lead the charge in terms of adoptions of open-source software, but each will have its area of strength.

"There are certain markets that have always been historically more embracing of the notion of open source, such as public sector bodies in Europe, compared to the U.S. where open source is more prolific in private organizations," said David Richards, CEO of Concursive Corp., an open-source customer relationship management company. "But implementation in Asia will be much more rapid than in the U.S."

A shake-out among open-source business models.

"We've seen a lot of open-source entrants into a number of categories of software," said Javier Soltero, CEO of Hyperic, an open-source systems management software company. "Most of these companies will be transitioning from 'advocacy and awareness' mode into 'make money' mode and it's in that latter phase that we'll see whose models work and whose don't."

Consolidation will come.

"Watch for consolidation among open source organizations as a way to strengthen their offerings and development efforts as well as acquisitions of open source market leaders by large commercial vendors who have a desire to expand their market reach and revenue stream," said Mark Tolliver, CEO of Palamida, an open-source IP management company.

License issues are becoming less of a factor in decision making by commercial customers.

"Customers continue to get educated about the code they use and about open source licensing in general, so FUD will have less of a factor than in the past," said Kim Polese, CEO of SpikeSource, an open-source application integration platform.

Interoperability between open source and closed source solutions.

"As enterprise open source solutions become more prevalent and more mission critical in the information system, they will need to interoperate with all systems," says Bertrand Diard, CEO of Talend, an open-source data integration software company. "Most information systems are heterogeneous and rely on multiple technologies, open source and closed source, that all need to interoperate. This will be the main challenge faced by most open source vendors in 2008," he adds.