19 December 2017

 

Merry Christmas and Happy New Year!

As usual, at the end of the year we draw up our conclusions... in wishing everyone happy holidays, here are the Mago4 numbers for 2017.

Edited by Marketing Department

During the year that is about to end, Mago4 has evolved in many ways: with 9 product updates, including 3 major releases and 6 service packs, the total is over 420 improvements in all functional areas...more than one a day, in practice!

Generally speaking,the Administrative area has been up-to-date, as is mandatory, with the regulations of the various countries localized by Mago4 ERP. Moreover, the past year saw the birth of new features implementations and advanced tools for Logistics and Manufacturing, reporting tools and the "core" development of your ERP.

Mago4 flexibility has played a role on the international markets, making the business management increasingly performant on multiple scenarios; furthermore, the philosophy of development aimed at constant updating has guaranteed for 2017 something like 130 functional improvements on the product, specifically targeted to localizations.

Mago4 certainly does not stop here! Also for next year your ERP has many new features planned: so it's time to renew the 2018 appointment on this same blog, taking the opportunity to wish everyone Happy Holidays!



16 November 2017

 

Close Up

The ERP Mago4 can make your company save time and costs while improving performance. Today we explore the Accounting functionality of Mago4 specific for the generation of down payments.

Edited by Marketing Department

There are many advantages deriving from the management of the Administrative area with the ERP Mago4. First of all, the certainty of data integrity, guaranteed by the coexistence of documents in a single database, which unifies the data and reduces errors and duplications. Moreover, with Mago4, accounting is fully integrated within the company system. All documents and transactions are controlled real time by the administrative department that can check for accuracy and compliance with standards. Last but not least, time saving: once configured, Mago4 is able to perform a series of automatic entries that no longer require your intervention, so the administration can concentrate on more strategic aspects.

Based on the above, we now see what is the Mago4 approach to the issue of advance payments, for which you can find a specific feature starting from Clearing. Mago4 Clearing tool, as well as allowing you to pay and / or partially collect installments and register rebates or roundings if the collected amount is lower or higher, offers you a further benefit: the possibility of generating advances for surplus.

In practice, whenever you collect or pay more than the amount due, the program considers the difference as a rounding, regardless of the deviation; alternatively, by setting the related entries parameters, it may also consider the surplus as a new down payment. In this sense you can define the minimum amount for the generation of the down payment, by configuring the appropriate parameter, distinguishing it for receipts and payments.

The Clearing is active in all postings that use an accounting model that closes the payment schedules; it is also possible to access it directly from the menu, starting from the Customer / Supplier Clearing procedure (which is available also without the Financials module).

Want to know more about specific Mago4 features? Are you interested in understanding which features are most suited to the needs of your business? You can trust your reference retailer with confidence; also remember that the Help Center can always be consulted from the website www.microarea.it.




File XML payment orders

Recently, two procedures for Mago4 have been developed, dedicated to the Swiss and Hungarian localizations and able to generate the ISO 20022 XML files for the payment orders.

Edited by Marketing Department

XML is becoming the international standard in the transmission of telematic files. The XML (Extensible Markup Language) is a modular meta-language that allows you to define other formats and manage the exchange of information of data structures across different devices and platforms. Allowing to describe other languages, XML is able to create custom structures.

The electronic payment files created for suppliers may have different formats based on XML. In payments to suppliers, the XML files are generally taking the directives of the international standard ISO20022 SEPA format.

In this regard, Mago4 has recently made available the procedures for printing the payments to suppliers on XML files, for Hungary and Switzerland.

Specifically, in Hungarian localization, the files for SEPA credit transfers to suppliers are generated according to specifications issued by the Hungarian SEPA Association, which slightly differ from the ISO20022 standard, both because the base currency of the country is not Euro, but the Hungarian forint (HUF), and because payments in other currency are allowed in the file.

In the Swiss localization of Mago4, the introduction of SEPA ISO20022 functionality in payment orders to suppliers has been realized in cooperation with PostFinance, the Swiss financial institution that provided the documentation for the Swiss SEPA, thus enabling us to test the Mago4 XML file. The XML file is generated for all types of payment in Switzerland, and it is not limited just to bank transfers.

In the same Swiss localization, Mago4 will see in the future the adjustment to XML format even for files related to collections through PVR bulletin, the standard payment slip for incoming payment processes.

If you want to know more, please leave your reference and you will be contacted back soon.



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