Acumatica CEO Jon Roskill. Image credit: Acumatica
The past week has been a busy one for our client, Acumatica, the world’s fastest-growing cloud ERP company. The industry leader announced the release of Acumatica 2020 R2, the second of its biannual product updates. The release comprises a significant number of updates, many of which were community suggestions on the Acumatica Feedback Site subsequently vetted and selected through focus groups.
The release comes at a time of increased demand for cloud and mobile business management solutions. According to CEO Jon Roskill, “Digital transformation has become a requirement. With so many businesses operating from remote locations and home offices now, it’s more important than ever to have a single source of business truth that is accessible to anyone, anytime, from anywhere, which can also integrate easily with mission-critical applications.”
What’s unique about this update?
- Integration with leading eCommerce application Shopify
- Automated AI/ML-enabled Accounts Payable document creation, which simplifies how users prepare data that can be visualized on dashboards, analyzed in pivot tables and used for real-time notifications.
- Up to 500 recently viewed records are instantly available.
- A fully native POS software solution that provides retailers with real-time inventory availability, multiple locations and back-end warehouse management with barcode scanning. Now, users can manage a complete omni-channel experience without having onsite staff.
- AI/ML-enabled Advanced expense management, which incorporates electronic banking feeds for corporate cards and automates receipt creation to streamline processes for ordinary mobile users as well as back-office accounting personnel.
Acumatica also added several vertical-specific features and end-user productivity aids to all its Industry Editions. Taken from Acumatica’s website, its features include:
Financials:
- Boost cross-company sales by enabling related companies to buy and sell from each other
- Manage customer visibility with centralized account management
- Streamline monthly tasks with intuitive bank reconciliation improvements
Commerce:
- Boost B2C commerce with our powerful Shopify integration
- Simplify the buyer experience with improved shipment tracking, refund processing, and buyer notifications
Manufacturing and Distribution:
- Track production outputs and get your products to market faster with an embedded third-party quality module
- Reduce bad debt and simplify collections with streamlined payment and credit card processing
- Prevent overpayment by validating bills against purchase orders
Field Service:
- Enable appointments to span days and record travel and break time with multi-day appointments
Construction:
- Maximize billing accuracy with pro forma workflow enhancements
- Ensure the accuracy of contract caps with retainage allocation enhancements
- Improved AIA processes
- Enhanced integration to Procore’s construction management software
Acumatica also announced strong adoption rates and sales for Acumatica Construction Edition – complete, cloud-based construction software for general contractors, home builders, subcontractors, specialty contractors and developers.
The product has experienced notable growth, including 200 percent adoption and sales growth each year since its introduction two years ago.
The rapid uptake of Acumatica Construction Edition is due to:
- It being a true cloud offering, which allows contractors to easily share data between the office and the field.
- Construction, which has seen an inflow of a younger workforce and builders who want to utilize integrated, automated, and innovative cloud and mobile technology to meet their needs.
- The need to transition and adapt to remote workforces due to Covid-19.
We are excited about Acumatica’s innovation in delivering on consumer demand for cloud and mobile business management solutions. We are impressed with how Acumatica continues to deliver solutions to customers that will enable them to adapt and tailor Acumatica’s solution to meet their unique business needs.