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Acumatica now offers better
business outcomes for customers
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projects in both the base currency and the project currency. Project
budget forecasts by period allows comparisons of actual project
costs and incomes with the forecasted, original and revised budget
amounts for each financial period.
Company-specific financial periods enables companies in the same
tenant to have different fiscal year-end dates, which is particularly
valuable for businesses that share vendors, stock items and
employees. Revenue Recognition for projects recognises the revenue
when performance obligations are satisfied, including those fulfilled
made over multiple periods of time.
O Industry specific enhancements like Warehouse Management
System (WMS) provides support for distributors, manufacturers,
retailers and eCommerce firms with medium and large warehouses.
This latest release has improved operational performance and
more successful business outcomes for customers. Acumatica has
also been able to deliver significant new enhancements to most of
its business applications. It supports operations such as picking, packaging, PO receiving,
putting away, transferring, and physical counting by using
barcode scanners or mobile devices with a scanning option. ‘One-
click’ invoicing enables the easy closing of an order, accounting
for inventory, and generating of an invoice from a service order or
an appointment.
ne Channel, a leading African cloud ERP solutions provider
and Acumatica partner, has announced the official launch of
Acumatica 2019 R1 with continued focus on its award-winning
platform, usability and customer satisfaction for the broad midmarket.
Acumatica’s applications continue to expand in functionality, work
seamlessly together across modules, and increase their overall ease-
of-use as a result of Acumatica’s xRP platform.
One Channel CEO Bernard Ford says that in every release, Acumatica
improves significantly in usability and it continues to create a more
efficient customer experience.
In the 2019 R1 release, Acumatica Construction Edition includes
enhancement and new features across financials, project accounting
and project management capabilities. Contractors will see improved
features to better meet the needs of their project teams.
“Significant improvements have been made to the User Interface
(UI),” he said. This includes updates to project issues, RFIs and the newly added
drawing logs and project budget forecast features to increase
project managers’ productivity and further streamline project
management processes.
“Additional platform enhancements include improved help search
with Machine Learning (ML) and multifactor authentication
provides increased security.” “With this release, Acumatica enriched the integration to Procore,
making it easier for users to seamlessly work across Procore and
Acumatica,” added Ford.
Financial management now offers a predefined list of currencies
that reduces the effort in maintaining exchange rates and managing
transactions in multiple currencies. Support for different financial
calendars also allows companies with multiple legal entities within
the same tenant to have different fiscal year-end dates. “Additional advances include a new Commitment Inquiry filter,
Project Budget Control Warnings, and dashboard and report updates,
including Pay when Paid, and Substantiated Billing.”
Acumatica offers multi-currency project accounting where users
can enter project transactions in different currencies and maintain
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New end-user training is also being shipped with Acumatica 2019
R1. Available at no charge on Acumatica Open University, end-users
can learn everything about the Acumatica software solution from
reporting to system administration. n
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