The Acumatica Framework
Acumatica’s future-proof platform is built on modern and flexible technology that allows it to adapt and evolve with changing business requirements. Some key features that make Acumatica’s platform future-proof include:
2023 R1 – Finance; Additional Updates
With the release of Acumatica 2023 R1, there have been several improvements to different financial management processes, and a few new improvements. See below for an overview of these updates and improvements:
2023 R1 – Delegation and Reassignment of Approvals
Starting with the release of 2023 R1, users of Acumatica have the ability to reassign the request for approvals and have the ability to delegate approvals to other users. This allows companies to run smoothly, even when necessary approvers are out of the office. When original approvers are unable to approve a request, a new approver can be assigned for a temporary amount of time to create an exception to the typical workflow, the existing approval maps do not need to be updated. See below for some examples of how this works.
Acumatica Reporting Function:
Acumatica’s reporting functionality is extremely robust and accesses the raw data in the system. It provides users several tools to create, manage, and distribute reports. Reports can be presented in a number of different ways to help management make informed decisions about their company.
Each Acumatica module has a set of reports built into the system that can be used out of the box. There are over 250 reports standard within Acumatica. Reports are easily modified by end users using Acumatica’s report designer function and users are also able to create templates for reports that are used on a regular basis. Reports in Acumatica can be filtered down and manipulated by account, sub-account, inventory ID, customer ID, and many other filter settings to get information that users need easily.
Acumatica Multi-Currency Feature
Does your company deal with multi-currencies? Acumatica has the functionality to stay in control of your finances when dealing with multiple currencies. These advanced features allow users to support international vendors, customers, and others who you may need to manage to run your business. See below a recap of some of the key benefits and main functions of the multi-currency function in Acumatica.
Dynamics SL vs Acumatica; A Discussion about Timecards
This week, our Pre-Sales Consultant, Morgan, and one of our Senior Consultants, Liyi, sat down for a conversation about the major differences between Acumatica and SL and their timecard systems. Overall, Acumatica users have a more seamless user experience when it comes to inputting time and administrators have an easier process when it comes to approving time entry and posting it to the correct project or ledger.
Read below for more information about the conversation:
Acumatica 2023 R1 Preview Updates
After an exciting week at Acumatica Summit 2023, Polaris is ready to take on the New Year! We learned so many new things about Acumatica, met some great people, and enjoyed Las Vegas to its fullest. Acumatica showed us what the company is all about – building the future of Acumatica together.
Scale to Cash Cycle
Companies across the asphalt industry have similar ways to complete their scale to cash process. No matter the company, the process depicted in the timeline below must happen for a company to drop off a product, create a sales order, a have a customer create an invoice. Many asphalt companies need a system that can manage estimates, project management, change orders, and many other items related to this industry. Typically, one system cannot handle all these functions and they must be done in several different systems making an integration challenging and difficult for the user.
Cost of a Project in Acumatica
Many companies like yours typically use more than one system in tandem with their accounting system to manage their asphalt business. Systems that aren’t integrated can bring added costs to the company. The beauty of an all-in-one system like Acumatica eliminates the need for multiple systems to be integrated to complete a single task. Completing accounting tasks such as invoicing, billing, and project costing is done within the same system and a few screens. Users can work within an integrated system and see updates in real time for reporting purposes.
With Acumatica, users in the Asphalt industry can connect all aspects of their business, including sales, inventory, materials management, project management, payroll, finance, and service management. This not only increases everyone’s visibility into business processes but also reduces the need for tedious data entry. Acumatica brings the office and field together for a cohesive company. The graphic above depicts how Acumatica can do this for your asphalt company.
Quote creating in Acumatica
Creating a quote in Acumatica starts the process of capturing all relevant information for a project in Acumatica. Information such as an address, billing method, project manager, and other project specific data is entered into the quote. Specific to the asphalt industry, Acumatica can house data in the project quote such as the asphalt price index. Once a quote is approved by the customer, it can be converted into a project with just a couple of clicks.
As seen in the screenshot, Acumatica stores all the information related to the quote previously needed for and related to the asphalt price index. The screen shows all the information related to a project, proving Acumatica to be easy to use. As shown in the photo, users can access information such as change orders, commitments, invoices, and more on the same screen. This is a powerful tool for Acumatica and a great benefit for construction users who can use this screen to get more information about the costs of the project.