You can now communicate directly with vendors inside the contract record, no more scattered email threads!

From the Vendor Comments column in your project’s Cost Tracker, click the comment icon to add a note or upload supporting documents. Both you and your vendors can view and reply to these messages, keeping all contract-related conversations in one place.

Each contract also displays a timestamp for the most recent comment, so you’ll always know when the latest update was made.

👉 Read the full guide on Vendor Contract Comments

We’ve added a new Summary Statistics section to the Vendor Comparison page, giving you quick visibility into your bid data.

You’ll now see:

• Total number of submissions
• Minimum bid
• Maximum bid
• Median bid

This new snapshot sits right above the bid comparison table, helping you understand your bids at a high level.

👉 Read the full guide on Bid Comparisons and Summary Statistics

You can now add vendor bids directly while creating a contract, no need to navigate away! Ask your CS manager for more information and to turn this feature on for your account.

In the Other Bids section of the contract form, you can manually add additional bids or quotes for comparison. Simply click Add Bid, select the vendor, enter the bid amount, and attach any supporting documents. Need to include more? Just hit + Add Another.

Once your contract is approved, all bids appear in the Approval Package Bid Room for easy review and reference.

👉 Read the full guide on Adding Bids While Creating a Contract

You can now create detailed, line-by-line bids directly within your project’s Contracts tab! Ask your CS manager for more information and to turn this feature on for your account.

From any cost item, simply click the three-dot menu and select Add Bid (Detailed) to start building a structured vendor bid. You’ll be able to enter pricing by line item, attach documents, add comments, set start and end dates, and define payment terms—all in one place.

Make sure your Bid Form Template is published first under the Bid Forms tab. Once your bid is submitted, it automatically appears in your project’s Bids table.

👉 Read the full guide on Adding Detailed Bids for Vendors

We’ve added Unit Renovation PO Templates for organizations using our Unit Renovations Module. The feature makes creating purchase orders for unit renovation projects faster and more consistent. Templates are tied to unit floor plans, allowing you to automatically generate multiple POs at once with vendor details, scopes of work, and pricing already filled in. This reduces setup time and keeps project costs standardized.

How it works

Before using this feature, you’ll need to set up a tag group, custom table, and tags within your settings. You can follow the linked help guide below and contact your Customer Success Manager for assistance or to learn more about our Unit Renovations Module.

👉 Read the full guide on Unit Renovation PO Templates

Whether you use CM fees across shells or within a single project shell, we have updated the functionality to make it even easier for you team to manage CM Fee invoices. Improvements include the ability to exclude from AP, choose vendor associated with the invoice and ability to select with which project/cost item the particular CM Fee is associated.

Check out the links below for a full guide on the updated CM Fees.

👉 CM Fees (from a Project Shell) Guide

👉 CM Fees (from a the Dashboard) Guide

We’ve added SOV Comments in Banner to make it easier for teams to collaborate directly on individual Schedule of Values (SOV) line items. Comments can now be added from both the Contract Room and the Cost Tracker, keeping all discussions and files tied to the exact SOV they relate to. If you are interested in this feature, please contact your Customer Success Manager.

How it works

You can add and view SOV comments in two places:

In the Contract Room:

• Open the contract and go to the Schedule of Values section
• Click the comment icon next to an SOV to add a note or attach files
• All comments appear under the Comments section and show a timestamp
• Edit or delete your own comments anytime

In the Cost Tracker:

• Expand a cost item to view its SOVs
• Scroll right to find the Comments column
• Click the comment icon to add a note or attachment

This update keeps all SOV-related communication organized in one place, helping your team track updates and context more efficiently.

👉 Read the full guide on SOV Comments

We’ve introduced Dashboard Sections in Banner, a new way to organize your projects into custom categories. Each section automatically provides financial subtotals, making it easier to monitor budgets and keep your dashboard organized at a glance. *Some configurations may not support this feature. Please reach out to your Customer Success Manager for questions or to turn on this functionality.

How it works

Dashboard Sections can be added directly from your project dashboard. To create or manage sections, you can:

• Select a single property on your dashboard
• Click the three-dot icon and choose Add Section
• Name your section and click Add Section to save
• Use the Section dropdown to assign new projects
• Reorder sections with the Move Up/Move Down options
• Collapse or expand sections using the eye icon

This update makes it easier to stay organized, visualize financials, and manage your projects with more flexibility.

👉 Read the full guide on Dashboard Sections here

@ Mentions Now Work in More Places

Following the launch of @ mentions in Dashboard and Shell comments, we’ve expanded this functionality to even more areas to help you collaborate faster and more effectively.

You can now tag teammates in:

• Change Order Draft Comments
• Invoice Draft Comments
• Approval Flow Comments

How it works:

• Type @ in any of the comment fields listed above
• A dropdown will appear with all team members
• Start typing to filter names and select who you need
• The tagged user will receive an email notification—even if they’re not in the default notification group

This update helps make sure feedback and questions are seen by the right people right away. No more guessing who’s looped in, just @ them.

If you have questions or want a quick walkthrough, your Customer Success Manager is happy to help.

👉Click Here for Full Guide on the @ Function

New Feature: List Tags

We're excited to introduce List Tags, a new way to manage multiple values within a single tag, no more long text strings or manual formatting.

List Tags allow you to add and update individual values in a clean, structured format. Whether you're working with Cost Items or Property Shells, this gives you more control over your data.

You'll also be able to filter and report on these tags, making it easier to analyze key information across your projects.

👉Click Here for Full Guide on List Tags

We’re excited to introduce a powerful new feature in Banner: Automated Report Notifications. Now, your team can automatically send saved reports on a recurring schedule, no more manual exports or reminders.

This update allows you to streamline your workflows and ensure the right people always have the data they need, when they need it.

🔧 How It Works:

Create a custom notification template, choose the reports you want to send, set a schedule, and Banner will automatically deliver them to your team. It’s a simple way to keep everyone informed—no manual steps required.

Set it up once, and Banner will handle the rest.

👉 Click here for the full user guide. If you would like to learn more about this feature, reach out to our support team or your Customer Success Manager.

Thanks!