New integration, Finance and Sales modules
Cin7 Capital is a new offering from Cin7 that allows businesses to quickly and easily improve their cash flow by receiving invoice financing from within Core.
To apply for financing, navigate to Integration > Financing > Cin7 Capital and click on the Open the Cin7 Capital funding portal button. Walk through the onboarding and financing application steps. Following the application, you will get an email notifying you of the decision within two business days. You can review the decision information and, if approved, accept an offer from the same page where you applied. If approved and accepted, you can get your capital disbursement directly into your bank account by applying invoices via the Sales list page > Accounting tab. (Invoices must be unpaid and future-dated.)
Cin7 Capital is powered by Kanmon Inc. All loans are subject to credit approval. Your terms may vary. Cin7 Capital loans are issued by Kanmon. Loans are made pursuant to a Department of Financial Protection and Innovation California Lenders Law License.
Read more about Kanmon here.
Account settings, QuickBooks Online, Xero
Cin7 Core is now partnered with Airwallex, allowing Cin7 Core users to pay their suppliers with Airwallex directly from the supplier invoice. This feature is available for Core users who use Xero as their accounting system.
Once a supplier invoice has been synced with Xero, a Pay with Airwallex button will be enabled on the invoice in Cin7 Core. The user can then click the button, opening a new window to create an Airwallex account or sign in to their existing account, and then pay the bill. The invoice in Xero and then in Core will be updated with the payment details.
No additional user action is required to integrate your organization with Airwallex, this functionality is available automatically for Cin7 Core users integrated with Xero. This does not require any subscription add-on or license in Cin7 Core.
Pay supplier invoices with Airwallex
Account settings, QuickBooks Online, Xero
Cin7 Core must map accounts in your chart of accounts to certain required accounts (inventory control, tax liability, etc.) in order for accounting transactions to be correctly generated. When an account is mapped to more than one required account field, this can cause accounting problems. With this release we have made it mandatory to select unique accounts for each required account field. This change, applied in the previous release, has now been extended to QuickBooks Online and Xero wizard.
