Openbravo Advanced Payables & Receivables module now on General Availability

Openbravo is pleased to announce that the Advanced Payables & Receivables Management module is now recommended for every new installation of the Professional Edition.

This module was originally launched in Controlled Release status in May 2010. After two and half months of usage by early adopters, and overwhelmingly positive feedback from users, we have now released version 1.0.3 and updated its status to General Availability.

Advanced Payables & Receivables Management simplifies and automates the business processes around the management of financial accounts, from the receipt and issue of payment, to the reconciliation of those events with bank statements. This module delivers an improved user experience that combines the power of an enterprise grade financial application with the simplicity and ease of a web 2.0 personal accounting service.

This new version strengthens the capabilities of the module by adding the Payment Execution feature, which allows users to print or generate payment instruction files. Users can leverage this capability to print checks or integrate with electronic payment platforms.

Advanced Payables & Receivables Management is now available in English and Spanish. Spanish users can take advantage of a new variant of the Spanish Localization Pack, adapted to work with Advanced Payables and Receivable and providing updated fiscal reports that work with the new flows, standard definitions of payment methods, and support for Cuaderno 43 "out of the box".
International users can also leverage this capability to print checks or integrate with electronic payment platforms, while a new variant of the Multi-dimensional Tax Report, adapted for the new payment flows, can be used to extract information to prepare fiscal reports.

Advanced Payables and Receivables Management is included in the core distribution of Openbravo 3.0 and, as such, will be available to all editions, including the Community Edition, using that release as a baseline. Professional Edition subscribers can take advantage of this functionality now and also deploy it on top of 2.50.

Advanced Payables and Receivables Management is available only for new customers as existing customers would need to migrate their open transactions to the new flow. An automated migration script will become available in Q4.