With New Product Release, McLeod Software Continues their Commitment to Operations Excellence and Productivity for Customers

McLeod Software is releasing version 22.2 of its industry leading LoadMaster Enterprise, LoadMaster LTL, and PowerBroker software solutions. The release includes new functionality to enhance operations and productivity for McLeod customers; it also brings security enhancements that strengthen the foundation of the McLeod Software platform.

New Capabilities for LoadMaster and PowerBroker

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New Multicompany Accounting Module
With the release of Version 22.2, McLeod has enhanced the capabilities in our accounting system for companies that have multiple company frameworks under the same corporate structure. These new features simplify the process for accounts payable voucher distribution, journal entries, and cash receipts for those customers working within a multiple company framework.

A new drill down capability in McLeod’s financial systems now allows an authorized user to investigate a transaction in the General Ledger that was recorded in another company and see the full GL distribution across all companies to which the transaction was recorded.

Enhancements to Multicurrency Module
Another enhancement makes it easier for customers to be billed in multiple currencies. As long as exchange rates are defined in the system, the McLeod multi-currency capability will support Pesos, Canadian Dollars, and other currencies. The Multicurrency module allows for setting a master currency for each customer, which will become their default, but also allows the currency to be overridden on any specific bill, or split billing an order in multiple currencies. Mixed currencies are converted to the customer’s currency and summed when viewing a customer’s total receivables or aging, while some reports will also give a sum per currency. Cash receipts currency will default to the currency of the bank payment, and only allow users to apply cash to invoices in that same currency.

Enhanced Performance, Reliability & Scalability
Over the last few years, McLeod Software has invested heavily in the system platform architecture that the LoadMaster and PowerBroker systems are built upon. This investment means that our customers’ systems will scale larger, perform faster, and become more secure as the products grow. With the release of Version 22.2, we have made important security enhancements to ensure that every customer’s system is ready for the future and poised to grow with their company.

Security Enhancements
All internal system messages for LoadMaster and PowerBroker are now encrypted. This means that even if a customer were to suffer a network incursion, the bad actors cannot read LoadMaster or PowerBroker message traffic or use it to break into the system.

With the previous release of Version 21.2 last year, McLeod replaced the JBoss system with a new web server system for our application server to enhance performance, reliability, and scalability. Now with the release of Version 22.2, the internal web server for the LoadMaster and/or PowerBroker application server has been upgraded, so that major security patches may be rolled out and installed for the application web server between releases without the necessity for an upgrade.

McLeod Software is continually looking for security vulnerabilities that could impact LoadMaster and PowerBroker systems. When the Log4J vulnerabilities were exposed in 2021, McLeod quickly determined that none of those known vulnerabilities were present, and the vulnerable components were not being used in any part of the system architecture. In this release of Version 22.2., McLeod has removed all remaining elements of Log4J, and replaced them with Java Logging, to ensure that no future vulnerabilities related to Log4J, if they are identified, would be present.