Acumatica, the leading innovator in Cloud ERP, released its second product update of the year on October 5th, featuring significant and user-requested cloud ERP improvements that addressed real-world business challenges. Acumatica ERP delivers adaptable cloud and mobile technology with a unique all-inclusive user licensing model, enabling a complete, real-time view of your business anytime, anywhere.
The beta release of Acumatica 2023 R2 went live in August, designed for customers who want to preview new features and provide feedback. On Thursday, October 5th, 2023, Acumatica offered a virtual sneak peek to their latest release of Acumatica R2, giving customers, prospects, and businesses looking to upgrade their ERP software useful insights into the upcoming release. If you missed the Virtual Launch Event, you can watch it here.
Key Features of Acumatica 2023 R2
Acumatica offers a business management solution that helps organizations centralize their technology and provides them with the intelligence and agility to meet their unique challenges. Acumatica’s robust financial suite is designed for larger companies with complex requirements yet easy to use in smaller organizations.
Feature Benefits for Technology:
- Make work on-the-go easier and more productive with dynamically visible containers that show only the relevant tabs on the mobile device.
- Drive productivity and efficiency by tailoring the workflow to the order type; create a custom workflow for a new order type.
- Streamline bank reconciliation and manage credit card receipts efficiently by automatically mapping bank fields to fields in Acumatica.
Feature Benefits for Financials:
- Enhance cash flow and streamline the payment process with Acumatica’s robust and integrated payment processing system that enables customers to make secure credit card and ACH payments easily.
- Provide reporting compliance with robust overtime calculations that calculate overtime by multiple factors and enable employees to understand their earnings and deductions more easily on jobs/projects with paystub improvements.
- Simplify compliance in the US with state configuration for 1099 reporting and in Canada with T5018 reporting improvements.
Acumatica shows they understand that when it comes to ERP solutions, a one-size-fits-all approach simply does not work anymore with their release of R2. Different industry segments have special requirements and KPIs that are critical to customer success. RS is meticulously tailored to industry-specific scenarios to make Acumatica’s customers more competitive.
Feature Benefits for Distributors, Retailers, and Commerce Merchants:
- Improve profitability and provide transparency with capabilities that enable reviewing estimated margin percent and amount calculations during order creation for an entire order and individual line items.
- Streamline mass stock allocation and deallocation for orders with the new Manage Sales Allocations screen; automate the allocation process and apply manual overrides to change or refine suggestions.
- Protect margins with features that optionally exclude automatic line discounts, such as volume discounts from order lines for a particular price, such as promotional pricing.
- Add the world’s largest sales channel with the Amazon connector that connects Acumatica to Amazon’s Seller Central marketplace, supporting FBA (Fulfilled by Amazon) and MFN (Merchant-Fulfilled Network) delivery models.
- Open new markets and accelerate sales to business customers with Shopify’s new B2B eCommerce platform by seamlessly integrating online sales with Acumatica’s back-end fulfillment processes.
Intuitive Design, Seamless Execution
The innovative, intuitive, and personalized feature updates in Acumatica 2023 R2 elevates the already award-winning usability and functionality of Acumatica’s cloud ERP software. Acumatica’s product development team is guided by input from customers as well as a mandate from Chief Product Officer Ali Jani to develop features that deliver “seamless execution. “My mandate to them is: make it seamless—like they don’t know it exists, but it’s there.”
According to reviews by real, verified Acumatica users, Acumatica is definitely succeeding. In G2’s Summer 2023 reports, they were ranked #1 in key categories including Best Relationship (Project-Based ERP); Easiest to Use (Small-Business Distribution ERP); and Momentum Leader Badge (ERP Systems). And Acumatica secured the top spot in Nucleus Research’s highly venerated SMB ERP Technology Value Matrix 2023 report.
Contact Us Today
Utilize a partner who understands the complexities and nuances of implementing the right ERP solution with SWK, the 2023 Acumatica Partner of the Year. For any questions about Acumatica R2 2023 and cloud ERP software, make sure to contact SWK today. To learn more about Acumatica, you can visit their website here.