Journal

July/August Changelog

In July and August, our team launched new features and updates to expand banks and instant payments support, improve auto-reconciliation rates, and enhance the user experience across the Modern Treasury app.

September 11, 2024

Matt MarcusCPO

Here is a closer look at the updates and features we released in July and August:

Direct Bank Integration at Commerce Bank

Customers who work with Commerce Bank can now automate ACH and Wires through their connection with Modern Treasury

Expanded Payment Rails Support at US Bank

Customers who work with US Bank can now do ACH, Wires, Wire drawdowns, RTP, and FedNow.

Better FX Rates Visibility at JP Morgan Chase

Customers at JP Morgan Chase now have better visibility into their FX rates for cross-border payments. Through FX Quotes, you can ping the bank for a spot, 24-hour, or future dated FX rate to have visibility into the rate before initiating a Payment Order. The FX rate will also be stamped onto the Transaction for easier tracking and accounting.

Automatic Fallback to ACH When Instant Microdeposits via RTP or FedNow Fail

Customers can now automatically fall back to regular or same-day ACH when an instant micro-deposit via RTP or FeNow fails at the network level or at the bank. This will make it easier to use instant microdeposits with confidence.

Reasons for Unreconciled Transactions

Users can now view detailed explanations for unreconciled transactions, allowing them to debug why a transaction did not reconcile and improve their reconciliation rules. In the reconciliation UI, under the Transaction Detail View, users may now see “Reconciled” / “Unreconciled” and an additional status, when applicable, detailing why a transaction did not reconcile. These statuses include the following:

Pending Evaluation
No Rules Apply
Many Matches Found
No Matches Found
Manually Unreconciled

Ledger Account UI

Users can now view additional information on the Ledger Account page. They can now see balances by date and ledger entries at a glance.

Favoriting in Ledger Account Categories

Users can mark a Ledger Account Category as a favorite by selecting the star-shaped toggle on the Categories view. This lets users quickly see critical LAC balances that represent their overall bank balances and liabilities.

Resizable and Sortable Columns for Tables

Users can now resize and sort columns for tables on select pages, giving them greater control to view and work with their data. Resizable and sortable columns are currently available on the following pages:

UI Improvements for Reconciliation

Reconciliation users now have greater flexibility and control in exploring their data. By selecting buttons to Clear all Filters or Edit Columns, users can reset and customize the data displayed on any table. With a host of minor UI improvements, such as tooltips for amount tolerances and rule filters, users can also create and manage rules faster.