In the ever-evolving landscape of business software solutions, anticipation builds each year for the unveiling of new and enhanced ERP functionalities. This year is no exception. It’s with great excitement that we introduce the latest release from Acumatica: the 2023 R2.
Setting New Standards
The Acumatica 2023 R2 release is not merely an upgrade—it’s a statement. It stands as a testament to Acumatica’s commitment to driving innovation, embracing the future, and continuously providing value to its diverse user base.
What’s New in 2023 R2?
Feature Benefits for Technology:
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- Make work on-the-go easier and more productive with dynamically visible containers that show only the relevant tabs on the mobile device.
- Save time with actionable custom field elements to navigate to external sites.
- 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 AI/ML:
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- Support international operations by leveraging AI/ML to add branches and locations to Acumatica’s document recognition capabilities while supporting complex language recognition.
- Speed data entry using intelligent text completion that makes recommendations based on past entries.
Feature Benefits for Financials:
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- 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 more easily understand their earnings and deductions on jobs/projects with paystub improvements.
- Simplify compliance in the US with state configuration for 1099 reporting and in Canada with T5018 reporting improvements.
Feature Benefits for CRM:
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- Boost sales by helping reps close more deals; automatically assign leads, contacts, accounts, and opportunities to reps by sales territory.
- Enhance customer satisfaction and support by streamlining returns processing; automatically create a return order and link it to the case facilitating time-to-resolution SLAs.
- Simplify the administration of email accounts and enhance security by managing personal email accounts in Acumatica.
- Instantly add contacts, leads, opportunities, and orders via the Gmail add-on, published on the Google Marketplace.
Feature Benefits for Distributors, Retailers, and Commerce Merchants:
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- 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.
Feature Benefits for Manufacturers:
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- Improve manufacturing cost control and streamline implementation and setup for cost accountants with a new user role and the option to lock production order status.
- Simplify production order ticket printing with the Acumatica DeviceHub service that includes automation schedules and predefined printer settings.
- Extend Acumatica’s Product Configurator via new web endpoints to leverage rules-based product options and values logic for configured orders from external apps like website storefronts, custom portals, or other applications.
Feature Benefits for Contractors and Service Organizations:
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- Gain better insights with side panel access for multiple business document maintenance screens that improves end-user navigation.
- Save time with capabilities that enable deactivating cost codes that are no longer used in projects. Once deactivated, the cost codes become unavailable but remain specified in documents so users can continue working.
- Empower users with features that enable editing retainage information in subcontracts and purchase orders linked to change orders.
- Improve project visibility with capabilities that support reviewing outstanding AR aging documents and their unreleased retainage for a particular date.
Why Upgrade to 2023 R2?
Beyond the impressive features, this release embodies Acumatica’s forward-thinking ethos. It’s designed to cater to the future needs of businesses, ensuring longevity, scalability, and adaptability. Whether it’s the AI-driven insights, industry-specific customizations, or the focus on collaborative workflows, Acumatica 2023 R2 is tailored for businesses aiming for the next level of growth.
The release of Acumatica 2023 R2 marks a significant milestone in the ERP industry. It demonstrates a vision that merges technological advancements with genuine business needs. As we embrace this new release, we’re not just adopting new features; we’re adopting a future-focused mindset, one that Acumatica has crafted meticulously for its users.
For those eager to experience Acumatica 2023 R2, we recommend reaching out to your service provider for detailed demonstrations and upgrade procedures. Here’s to transformative business operations in 2023 and beyond!
Your Next Steps
With over 25 years of industry experience, the ACC Software Solutions team is ready to help tackle your next project. ACC offers a full range of business management technology services, including consulting, ERP implementation, targeted training, and ongoing support. We aim to build long-lasting relationships based on trust by committing our support to your business goals today, and tomorrow.
Contact ACC Software Solutions, the leading ERP provider for the Philadelphia and South Jersey area, for a FREE consultation.
