Completed trades are now locked until reopened, contracts can be priced against a market, and one invoice can be split across several deals. Some existing figures and trades read differently after this release: see Changes to your existing data.
Changes to your existing data
These took effect with the release. Nobody has to do anything, but some figures and trades read differently than before.- Completed trades are locked. A trade already marked complete can’t be changed until it is reopened; notes, the owner, discrepancy review and shipment tracking stay open. See Completed trades are locked.
- Stage no longer follows documents. An open trade whose stage came from approved documents is back at Contract until you or a shipment sets it. See Trades overview.
- Updates are now notes. Each earlier trade update is a note with the same author and time, and its status (On track, At risk, Off track) is the note’s first line.
- Contract value follows the deal’s contracts. On a trade’s Financials tab, a stored Contract value that differed from the deal’s contracts was corrected.
- Invoiced on the trade Overview uses the payment rate. A paid foreign-currency invoice is valued at the rate it was paid at, so the figure no longer moves with the daily rate.
- A one-sided deal shows no margin. Under Contracted, a deal with only a purchase or only a sale reads No sale yet or No purchase yet.
- Counterparty figures count each currency and side separately (Counterparties module). Totals show per currency, overdue counts only the counterparty’s own side from the day after the due date, and a statement’s Closing balance nets what they owe you against what you owe them.
- An unknown position is not zero (P&L module). A deal whose contract has no quantity reads unknown under Position and is left out of the total.
- Two kinds of invoice discrepancy are removed. Discrepancies about an invoice’s tenant role or credit-note check are no longer raised, and existing ones are deleted, including any already reviewed.
- User access: Edit includes inviting. A member whose role has User access at Edit can now invite members to non-admin roles. See Members.
New
Completed trades are locked
Mark complete is refused while the trade has an unpaid or partly paid invoice, or a document that is still processing, failed or awaiting review; a dialog lists what is open. Once complete, the trade shows that it is locked and offers only Reopen, which asks for a reason. Completing and reopening both need Trades: Edit.How to get it: on for every workspace. No action is needed.Learn morePrice a contract against a market
A contract no longer needs a flat unit price. Pick a Market on the contract and give its Contract month and Differential; the contract then reads to be fixed, partly fixed or provisional until you use Fix price. Markets and their marks are kept under Settings → Markets. Existing contracts keep their unit price.A new contract or recap whose terms read as a differential is now priced this way without a unit price.How to get it: on for every workspace. An admin adds your markets under Settings → Markets.Learn moreSplit one invoice across several deals
Every invoice has Charged to with Split across deals: share it equally, by percent or by amount. Each deal’s Financials tab shows its own part. While an invoice is split it can’t be netted, applied, reclassified or deleted, or moved to a deal outside the split; Remove split undoes it.How to get it: on for every workspace. No action is needed.Learn moreOne table on every list
Trades, Contracts, Shipments, Financials, Derivatives, Counterparties and Overdue payments share one toolbar: search, status chips, Filter and Display. Under Display you group, order, and show or hide columns, and an admin can set the workspace default. Your filters on Trades and Contracts are now saved with your account and are no longer part of the page address.How to get it: on for every workspace. No action is needed.Market valuation and Positions
Two new modules, both off until an admin turns them on. Market valuation adds unrealized figures to Derivatives, Contracts and the P&L from the settles you enter. Positions adds a page of open physical, futures and to-be-fixed tonnes per market and month.How to get it: an admin turns on Market valuation or Positions under Settings → Workspace → Modules.Container tracking
With the Container tracking module and your own tracking account connected, a container B/L’s shipment page has Track containers: enter the carrier’s master B/L and follow each container’s milestones and the carrier’s ETA.How to get it: an admin turns on Container tracking (it needs the Shipments module) and connects your tracking account.QuickBooks Online: push sales invoices, pull payments
Where QuickBooks Online is connected, an approved sales invoice has a QuickBooks card with Create or link in QuickBooks. Payments entered in QuickBooks for a linked invoice then appear on it in Mercora without an approval, so its status and outstanding amount follow your books.How to get it: ask the Mercora team to make QuickBooks Online available to your workspace, then connect your company.Learn moreTrade capture, and approvals in Teams
With the Automations module, the new Trade capture skill turns a trade agreed by email or in Teams into an approval card, one per trade, and can write a confirmation. Where Microsoft 365 Teams is on, every automation’s approval also arrives as a card in the approver’s own chat with Mercora, opening with the message that started it.How to get it: an admin turns on Automations. Cards in Teams need Microsoft 365 connected with Teams on.Learn moreImproved
- Automations: An email waiting for approval can be edited before it is sent.
- Automations: Approval cards link the files they attach.
- Automations: Menus list only the apps, steps and triggers the automation can use.
- Contracts: New contract has a Unit beside Quantity, MT by default.
- Copilot: The Copilot runs an automation when you ask for it by name.
- Counterparties: The counterparty page opens with a summary and key figures, with tabs for contracts, invoices, derivatives and notes. (Counterparties module)
- External systems: An invoice push names the delivery that each charge line’s B/L selects.
- External systems: One cost item can be applied to every line of a delivery on an invoice push.
- External systems: An invoice’s reference shows the final number once it is completed in your CTRM.
- Financials: Clicking a row opens the invoice in a side sheet. (Financials module)
- Financials: The Status cell is a menu to record a payment, close the invoice or reopen it. (Financials module)
- Financials: Overdue has its own column, in days. (Financials module)
- Freight rates: A correction asked in the Copilot re-plans the freight plan under review. (Freight Rates module)
- Invoices: Clicking Total invoiced selects the value, so typing replaces it.
- Invoices: Mercora asks before saving a total far from the amount printed on the invoice.
- Invoices: A due date changed on a trade’s Financials tab changes everywhere the invoice is listed.
- P&L: The P&L page has the same layout as Positions, with the period and exports in the header. (P&L module)
- Trades: Entity and Book are on every trade, and admins manage both without the P&L module.
- Trades: Stage has its own colour wherever it shows, and the line under it says where it came from.
Fixed
- Counterparties: A counterparty named on an invoice can be deleted, and the invoice stays on its deal.
- Deal Capture: A recap that holds several trades makes one Inbox item per trade.
- Discrepancies: An invoice no longer raises an Incoterms discrepancy.
- Discrepancies: On a trade with several sale contracts, a document not pinned to a contract no longer raises a notify party discrepancy.
- Inbox: An edited field names the member who changed it.
- Inbox: A link to a deleted document says the document is gone.
- Payments: A payment’s FX rate with no recorded source reads as manual.
- Shipments: A tracking status change appears once in Activity.
- Trades: Delete trade removes everything it should or changes nothing, and says why when it is refused.
- Trades: A trade created by Deal Capture can be deleted.