In 2024, small and medium-sized businesses (SMBs) are continuing to recognize that outdated methods like QuickBooks, spreadsheets, and cumbersome legacy systems are inadequate for not just growing their operations, but surviving. The functionality gap between these manual or legacy solutions and modern ERP systems continues to widen.
Today’s ERP suites offer much more than transactional utilities; they provide systems that Document Number: Y74 June 2024 NucleusResearch.com enable agility and predictive insights, particularly in supply chain planning, which has become crucial amid sustained inflation and geopolitical risks.
Acumatica has been designated as a leader in this year’s SMB ERP Technology Value Matrix. The company's cloud-based ERP solution is designed for mid-market businesses and supports a broad array of applications, including accounting, sales, inventory, warehouse
management, project management, customer management, and shop floor operations. It operates on an open and secure cloud architecture that facilitates constant availability and remote collaboration, while ensuring enterprise-grade security. Acumatica offers the flexibility to switch between public and private cloud deployments to meet changing business needs. Its licensing model is based on unlimited, consumption-driven usage without restrictions on user numbers. The platform maintains a single code base across various Industry Editions, which are tailored to specific sectors such as Manufacturing, Distribution, Construction, and Retail, incorporating industry-specific features, compliance needs, and integrated workflows for streamlined operations.
Recent product updates and enhancements include:
▪ The vendor announced two major product updates last year: Acumatica released the 2023 R2 update in October 2023 and the 2024 R1 update in March 2024, which included significant enhancements across multiple core areas.
▪ The vendor announced usability improvements: These enhancements include advanced document recognition capabilities, the ability to edit key values directly in side panels, intelligent text completion, management of tax exemption certificates, inclusion of approval or rejection reasons on financial forms, preconfigured payment terminals for POS, enhanced mapping for bank feeds, and a modern UI introduced as a developer preview in the 2024 R1 release.
▪ The vendor announced technology updates: New features include dynamic visibility of containers in mobile applications, custom workflows for new order types, the ability to use Generic Inquiries as a data source for another GI, action sequences in workflows, and the ability for dialog box values and formulas to trigger Business Events.
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