Polaris Business Solutions

Acumatica Summit 2017 Day Two Recap

The second full day of the 2017 Acumatica Summit was full of demos to show where Acumatica is headed.  The capabilities that Acumatica was able to demonstrate today included some things I don’t think we will ever see in a legacy ERP system. We will dig into some of these in future posts as the functionality becomes available for general release, but here are some of the highlights:

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Acumatica Summit 2017 Day One Recap

The first full day of the Acumatica Summit came to a close and provided partners and customers with a lot of big news and demos of some cool new features.  Here are some of the interesting items from the first day:

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Acumatica 6 to Include Outlook Add-In

Acumatica’s Customer Management (CRM) suite has always been able to provide users with a complete view of their business.  As part of a full suite of integrated business management applications (ERP), users can easily share information between marketing, sales, service and finance because the data all exists in one database.  With the upcoming release Acumatica CRM has just gotten even better.

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How to Reopen a Period in Project Controller for Dynamics SL

If you are using Project Controller you are probably already aware that closing the period (or year) for Project Controller is different than closing the period (or year) for the financial modules.  You close the financial modules (i.e. GL, AP, AR, etc.) using the Closing (01.560.00) screen found in the General Ledger processes section.  But, closing the period for Project Controller is done within that module using the Close Period (PA.CLO.00) screen.  But, how do you reopen a period in Project Controller?

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Why Acumatica Makes Even More Sense After the NetSuite Acquisition Announcement

On July 28th Oracle announced plans to acquire NetSuite for $9.3 billion in cash.  This didn’t come as a complete surprise as Larry Ellison, Oracle’s chairman, is the single largest shareholder of NetSuite and Oracle is aggressively trying to increase their cloud-based revenue.  For NetSuite, a merger, in theory, could make sense for a company that has never made a GAAP profit in any quarter or year in its existence, and according to their last 10-k filing “may not achieve profitability in the future“.

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Dynamics SL 2011 Mainstream Support Ends July 12, 2016

On July 12th, 2016 Microsoft Dynamics SL 2011 will be moving from mainstream support to extended support.  Support will still be available for supported versions.

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Acumatica Releases Version 5.3

Acumatica unveiled the newest version of their cloud-based accounting and ERP software at their annual Summit for partner and customers.  The new features in Acumatica 5.3 is focused on increasing the performance, stability and mobility of Acumatica 5.0, a full ERP suite that includes financials, distribution, account and CRM.

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You Should Not Rely on Spreadsheets for Cash Flow Forecasts

Finance executives and professionals must rely on purpose-designed planning, budgeting and analysis software solutions that will deliver complete and accurate forecasted financial statements for all budgeted period. Use of spreadsheets or pure guessing of anticipated future results can never deliver this level of completeness and accuracy and any cash flow projections done in this manner will be a gross estimate that should not be relied on.

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Dynamics SL and Leap Day

Today is Leap Day and if you spend most of your day using Dynamics SL you won’t notice anything real different.  It is, just another day.  However, there are a couple places in the system you may want to check or update to make sure there isn’t any surprises.

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Why You Should Consider Acumatica For Your New ERP

Perhaps you used QuickBooks to start your business, but now you are thinking that it may be keeping you from growing your business. Or you are on a legacy client-server ERP system but you have users that need access to data remotely and on mobile devices. Or maybe you are on another cloud ERP but feel like you should be able to control your data or the timing of upgrades. Then it is time to consider the move to Acumatica.

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