BELLEVUE, Wash., March 19, 2019 — Acumatica, the world’s fastest-growing cloud ERP company, today announced the official launch of Acumatica 2019 R1 with continued focus on its award-winning platform, usability, and customer satisfaction for the broad midmarket.
“This R1 launch continues the strong momentum from Acumatica Summit, where we received a very positive response to the range of R1 demos that highlighted improved operational performance and more successful business outcomes for our customers,” said Jon Roskill, CEO, Acumatica. “We are continually honing and refining what many believe is already the single best Cloud ERP solution available today.”
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. In every release the company improves the underlying system to evolve usability and create more efficient customer experiences.
Significant improvements have been made to the Side Panel UI which displays a view of the details of a row on an inquiry screen without leaving that screen. User Defined Fields usability has been advanced for adding new fields in multiple forms in each of the modules without a programmer. New custom colors within the user interface (UI) give a company the ability to specify the primary color displayed for central and branch locations to avoid confusion and human error. Conditional highlighting Inquiries provide visual clues on rows or columns of a generic inquiry.
Additional platform enhancements include improved help search with Machine Learning (ML). Multifactor authentication provides increased security. The Progress Bar for long-running processing appears in a pop-up window to provide insight to completion percentage, as well as to the elapsed and remaining running time of the process.
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.
General Business Applications
Based on these and many more platform improvements, Acumatica has also been able to deliver significant new enhancements to these business applications:
Predefined list of currencies reduces the effort in maintaining exchange rates and managing transactions in multiple currencies. Support for Different Financial Calendars allows companies with multiple legal entities within the same tenant to have different fiscal year-end dates. Recognition of Revenue from Customer Contracts provides additional support for contracts with multiple performance obligations, including fair market value, re-allocation pool, term start/end dates, and pro-rated fair market value in compliance with ASC 606 and IFRS 15. Credit Card Processing Improvements leverages the updated Authorize.Net plug-in for greater PCI compliance. Tokenizing credit cards allows greater security for credit card payments.
With multi-currency project accounting, users can enter project transactions in different currencies and maintain 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 recognizes the revenue when performance obligations are satisfied, including those fulfilled made over multiple periods of time.
Industry Specific Enhancements
Order and Inventory Management
Warehouse Management System (WMS) provides distributors, manufacturers, retailers and eCommerce firms support for medium and large warehouses with operations such as picking, packaging, PO receiving, putting away, transferring, and physical counting by using barcode scanners (or mobile devices with a scanning option).
New calendar board allows rotating the personnel vs. time axis, changing the time range to show schedules for one week or one month, and more. Location tracking uses the mobile devices of service personnel to locate and record the GPS location of the device. “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.
During 2018, product configurator, estimating and advanced planning and scheduling (APS) were added to the product line. Now in 2019 R1, engineering change control and finite capacity planning have been enhanced. Engineering change handles the workflow and approvals from the request through creation of the change order and the update of the bill of material (BOM). Finite capacity plans at the workstation and machine level. This facilitates quoting accurate ship dates to customers with capable-to-promise (CTP) while more effectively scheduling machines, tools, maintenance, vacation days, and those short turn-around special requests from important customers.
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. 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. With this release, we enriched the integration to Procore, making it easier for users to seamlessly work across Procore and Acumatica. Additional advances include a new Commitment Inquiry filter, Project Budget Control Warnings, and dashboard and report updates, including Pay when Paid, and Substantiated Billing.
For more detailed information visit https://www.acumatica.com/cloud-erp-software/acumatica-release-news/.
Acumatica’s cloud-based business management software provides the best path for transforming your business to thrive in the new digital economy. Built on cloud and mobile technology and a unique customer-centric licensing model, Acumatica delivers a suite of fully integrated business management applications, such as Financials, Distribution, CRM, Project Accounting, and Construction Edition on a robust and flexible platform. For more information, visit www.acumatica.com.