New Merchant Profile Page

We've added a Merchant Profile page that includes key details such as Merchant Information, Authorisation Settings, and Emergency Actions. One important feature is the ability for users with the appropriate permissions to suspend a merchant directly from this page if suspicious activity is detected.

To access this page, simply navigate to the dropdown menu next to your merchant name in the top-right corner.

Pay Run Workflow Update

We’ve improved the pay run workflow to give you greater clarity on what happens after payouts are submitted. You can now easily track when payouts are processing, giving you clearer visibility into the status of your payments.

New Pay Run Filters Added

We’ve added new filters to the pay runs page, giving you more control and flexibility when managing your payment data. You can now sort pay runs by status, amount by currency, number of payments, and authorisation date.

Export Payments Data to CSV

You can now export a CSV of your current accounts, transactions, payment requests, payouts, and beneficiaries, making it easier to track and reconcile your payment records.

Simply apply filters by date, status, or other criteria, then click the Export button at the top right of the transactions table.

Enhanced Automation with Rules

We've enhanced the Rules feature to make it simpler, more flexible, and more powerful—unlocking new automation possibilities.

For example, you can now automatically deduct VAT and transfer it to a designated VAT account, improving cash flow management and efficiency.

Clear Display of User Permissions

You can now easily view a detailed breakdown of user permissions across the platform. For each user, their specific access and capabilities are clearly displayed, providing enhanced transparency and control over account roles and security.

Search Transactions by Amount

You can now quickly find transactions by searching for specific amounts in your current accounts, making it easier to locate and track payments with precision.

Display Destination Account Info in Payment Request Details

After creating a payment request, the destination account information is now visible under the Payment Info tab, providing clearer visibility into where the funds are being sent.

Renew Expired Connected Accounts with One Click

You can now easily renew expired connected accounts with the Renew button. This button appears in both the table view and the account page, replacing the balance information until the connection is restored.

Customisable Reply-To Email for Remittance Notes

You can now set a Reply-To email address for remittance emails, ensuring that customer replies are sent directly to your preferred email instead of the standard NoFrixion address.

If you’d like to configure your own Reply-To email, contact support@nofrixion.com.

Payment Confirmation Documents

You can now download a confirmation document for every payout and transaction record. This document serves as proof that a payment has been successfully submitted for processing and is on its way.

This ensures you have a comprehensive record for every transaction, supporting your payment traceability and compliance needs.

Default Date Filter Set to "All"

We've updated the default date filter on your records view! Now, the filter is set to "All" by default, displaying your entire transaction history without the need for adjustments.

This change ensures you have a complete view of your records immediately, while still allowing you to refine your results with custom filters when needed.

Remittance ID for Payrun References

When creating a Payrun, you can now assign a unique reference ID to each payout in the ‘payment reference’ column of the CSV. This reference will appear in both the remittance email subject and content, making it easier to match payouts with their associated Payrun.

Magic Strings for Rules

You can now use "Magic Strings" when processing Rules. This feature allows you to include predefined, system-reserved keywords to automatically populate specific data into the References field during Payout operations triggered by Rules execution.

Virtual IBAN Column on Transactions

For users of Virtual IBANs, it is now easier to identify which Virtual IBAN was used to collect a payment. Simply enable the Virtual IBAN column in the table options at the bottom-left corner of the Transactions table. This information will also be included in your exported CSV files.

Multiple Emails for Remittance Notes

You can now include multiple email recipients for remittance notes in your Payrun CSV file. Emails will be sent to all listed addresses.

Supported formats include:

• email@email.com, another@another.com

• email@email.com; another@another.com

This ensures seamless communication with all relevant stakeholders.

Pending Authorisations Badge

For workflows requiring multiple authorisers for Payments, you can now see a badge indicating the number of pending authorisations. This badge provides a quick and clear overview of the remaining approvals needed to process the payment.

Rescheduling or Cancelling Payruns

Modifying the payment date or cancelling a scheduled Payrun is now straightforward. Simply click "Change" on the Payrun details page, located in the top-right corner of your screen, to update or cancel as needed.

Delete and Archive Payruns

You can now delete and archive payruns. The system retains a complete audit trail, allowing you to archive a payrun whenever an event is logged. If a payrun is created but no approval or rejection takes place, it can be deleted. This provides flexibility while preserving the accuracy and integrity of the process.

Immediate Payrun Processing After Authorisation

If your payrun needs to be processed urgently, you now have the option to either specify a payment date starting the day after payrun creation or choose "Immediately after authorisation." This gives Accounts Payable teams flexibility to follow standard processes while having an option for urgent execution when necessary.

Improved Merchant Selection

Managing multiple merchants within the NoFrixion platform is now more efficient. If you handle more than 10 merchants, you can quickly search for a merchant by name and select it from a convenient modal screen, streamlining the process of switching between merchants.

Insufficient Funds Check for Batch Payments

When authorising multiple payouts in a batch process, the platform will now alert you if any payouts cannot be processed due to insufficient funds before the authorisation screen is displayed. This allows you to deselect the affected payouts and proceed with the rest, ensuring a smoother and more efficient process.

Bulk Actions for Payouts

When managing your pending payouts, the platform now offers a quick and easy way to authorise or delete individual payouts in bulk. It also displays the total amount selected, helping you keep track of your selection, especially when handling payouts across multiple pages.

Enhanced Payrun Workflow

The Payrun workflow has been updated, enabling you to edit, reject, or add funds—all within the same interface. These enhancements are designed to streamline the process for payrun creators and approvers, offering all the necessary tools for a complete end-to-end workflow.

Delete Payruns

You now have the ability to delete and archive payruns. The system maintains a full audit trail, allowing you to archive a payrun whenever an event is logged. If a payrun is created but no approval or rejection occurs, it can be deleted. This ensures flexibility while maintaining the integrity of the process.

Add Funds and Top Up Your Account

You can now add funds to your account either through internal transfers or by using our payment experience to initiate a bank transfer from your traditional bank account to your NoFrixion account. This feature leverages the benefits of Open Banking for a seamless experience.

Table View for Accounts

Managing multiple accounts just got easier! When you have more than three accounts, our new "Table View" automatically switches your account display from cards to a detailed table format. This feature allows you to view all your accounts at a glance, making it easier to manage your finances. You can now search and sort your accounts with ease, ensuring quick access to the information you need.

Internal Transfers via Payouts

Now, when creating a payout, you can easily select any of your own accounts to perform an internal transfer. Whether you're moving funds between your accounts, sending money to a beneficiary, or adding a new destination by entering an IBAN, all operations can be done by just creating a Payout.

CSV Export for Accounts

Now, you can export all your account information to a CSV file with just a few clicks. This feature is especially useful when you need to import your account details into other software, such as your accounting platform or ERP system. Streamline your data management process and ensure your information is always up-to-date across all your tools.

Beneficiaries Management

Simply navigate to the "Accounts Payable" section, where you'll find a new tab labelled "Beneficiaries." Here, you can effortlessly add, edit, and organize all your beneficiaries in one convenient place. Control which accounts are authorised to send money to each beneficiary, providing enhanced security.

Batch Import for Payouts

You can now create multiple payouts quickly and efficiently using our batch import feature. Simply download the provided CSV template, add your payout details, and upload the file. You have the flexibility to create the payouts for later authorization or authorize them immediately within the same import process, making the entire procedure fast and convenient.

Payruns improvements: Activity and Workflow

When working with payruns, the interface now displays the steps required to complete the workflow and highlights the current status. On the right side of your screen, you'll find a new Activity bar that shows the details for each step, including the timestamp, user, and notes.

Add Reference to Rule based payouts

You can now add a custom reference to every payout created and processed from a Rule. This feature allows you to customize the data attached to each payout, making it easier for identification and reconciliation.

Payrun from Xero Invoices

You will be able to generate a payrun directly from the approved invoices in your Xero accounting software. After importing the invoices, a payrun will be automatically created, allowing you to continue with your accounts payable process and finalize with the payment. This integration with the Xero platform will help to reduce manual data entry and improve efficiency in your financial operations.

Download Statements

With this update, you will be able to download your account statements directly from the MoneyMoov for Business platform. Simply navigate to your account details, and click on the 'Download Statement' button to receive a detailed report of all transactions within a specified date range.

Rules

Introducing the new "Rules" functionality. With this feature, you can now define certain monetary operations that will be automatically executed either when a payment lands in your account or based on a pre-defined schedule. This allows for a more streamlined and automated management of your financial operations, saving you time and providing you with a greater control of your finances.