This document lists the new features and changes made in each release of Nexus 4.  You can access this document at any time by selecting Help->What’s New from the Nexus 4 menu.

Nexus 4.8 New Features and changes

Nexus 4.7 New Features and changes

Nexus 4.6 New Features and changes

Nexus 4.5.04 New Features and changes

Nexus 4.5.03 New Features and changes

Nexus 4.5.01 New Features and changes

Nexus 4.5 New Features and changes

NEXUs 4.4 New Features and changes

Nexus 4.3 New Features and changes

Nexus 4.2 New Features and changes

o   Changes the status to "SP" and updates the Status Change Date.

o   Removes the contract from the Active Accounts Receivable Report, Aged Trial Balance, and other reports that show active contracts.

o   It does not affect the financials on the contract, nor does it create a GL entry for the amount suspended.

o   It can create a commission chargeback just like a cancellation.

o   Payments and other processes CAN continue to be entered on a suspended contract.

o   The Contract Status report now includes an option to print Suspended Contracts.

o   The contract can be reactivated in the future.

o   To suspend a contract:

1.      Press the Cancel button on the Contract Entry screen.

2.      Select "Suspend Contract" as the Cancellation  Code.

3.      Check "Generate Chargebacks" if you want to do so.

4.      Press the Cancel Contract button.

o   To reactivate a contract, press the AC button next to the "SP" contract status field on the Contract Entry form.  The button is only visible on suspended contracts.

Nexus 4.1 New Features and changes

This section describes the new features and changes included in Nexus 4.1 and previous minor releases since Nexus 4.0.

FEATURES

o   A new Down Payment Received field is on Contract Entry Financials tab.  It defaults to the full down payment amount, but the user can enter a lesser amount.

o   If the down payment is not processed, then Down Payment Received will be zero.

o   If "Multiple" is chosen as the Down Payment Method, the payments entered must add up to the Down Payment Received, rather than the full Down Payment as they did before.

o   Payments entered on the Payment Entry screen will be processed as down payments until the down payment is paid in full.  The payment does not have to match the exact amount due, and multiple smaller payments can be entered.  All payments will go towards the down payment until the entire amount is received, then they will be processed as regular payments.

o   In the event the user enters a payment that exceeds the down payment due, it will be automatically split into two transactions: a down payment and a regular payment.  For example, if $75 down payment is due and the user enters a $100 payment, Nexus will process it as a $75 down payment and a $25 regular payment.

o   The Down Payment Received field always shows the current amount received, not the original amount entered into that field at contract entry.  This allows the user to easily see how much of the down payment has been paid to date.

o   If a down payment or part of it is reversed, the amount is subtracted from Down Payment Received.  Future payments will go towards the down payment first following the rules above.

o   The Contract Entry screen has been enlarged to fit the new Down Payment Received field, and the layout was improved for the rest of the screen.

o   Finance Charge Grace Period: Enter the number of grace days after a payment is due before the late finance charge is assessed.  This works the same way as the normal late charge grace period, but can be a different number of days.

o   Percentage of Balance: This is the percentage of remaining contract balance to charge when the payment is late.  Enter a percentage here to "turn on" Late Finance Charges.  Enter it as a decimal, same as the normal late charge percentage.

o   Late Finance Charges are added to Fund 12 and routed to the GL through that fund.

o   Record Type "2" is used for Late Finance Charges.

o   Support for Late Finance Charges has been added to payment processing. Late Finance Charges are paid right after normal Late Charges, and before everything else.

o   There is a separate Late Finance Charge Allowance that can be used to forgive Late Finance Charges (Fund 12) exclusively.  This also uses Record Type "2".

o   You can now specify the date and reason/reference number of the reversal.

o   Reversal records are always created, even if the payment has not been accepted on the Receipts Report.

o   The Receipts Report now displays *Reversed* in the Ref. # field for reversed transactions.  There is a new subtotal for Reversed transactions, which is subtracted from the Deposit total.

o   For Early Payoffs, the "E" record no longer appears on the Payment Reversal screen.  As was done before, both the "E" and "P" records will be reversed when the Early Payoff record is selected.

REPORTS

OTHER CHANGES

·         Nexus 4 now contains new "Vista-style" icons, giving it a more modern look.

 

Nexus 4.0 New Features

This section lists the new features available in the initial release of Nexus 4.  For a detailed explanation of new features, please watch the training videos contained on the Nexus 4 installation CD.  To watch these videos, insert the installation CD.  From the auto run screen, click on the “what’s new” button and then choose a video to watch.

Task Center

We really wanted users to see something new, but familiar, when opening Nexus 4.0 for the first time.  We think we’ve accomplished that with the all-new Task Center. 

New Reporting Features

We are now taking advantage of new reporting features in Visual FoxPro 9.0.  We also redesigned all of the report screens to be more user-friendly and consistent. 

NSF

This has been a long-requested feature, and was one of the first things we developed for 4.0.

Item Status Changes

Property Inventory

The property system in Nexus has been redesigned to include the full property inventory, including available property. 

Commissions System

The commissions system was redesigned and rewritten from the ground up.  Commission modifiers can now be used to modify commissions based on down payment amount, contract terms, etc.  Updating commission schedules is also much easier.  Please watch the commission video for an explanation of these changes.

DeedIt!

DeedIt! was completely rewritten as well.  Version 4.0 makes use of our built-in word processor, rather than Crystal Reports.  This allows the user to modify deeds and even create their own.