Every business owner should understand the fact that they need to earn and save wisely for profitable investments. You may look into a modern ERP by calculating the cost to purchase, execute, and maintain the system. However, calculating the Return on Investment (ROI) is also essential. And that’s why the ERP ROI calculator is designed. The Total Economic Impact™ Of Acumatica  One of the rational and wisest investments companies can make in today’s digital economy is in the Acumatica Cloud ERP system. The adoption of an ERP solution will help you obtain several benefits such as improvement in gross margins, an increase in sales volume, and growth in workforce productivity. While it is quite impressive, Acumatica ERP doesn’t stop there. The ERP ROI calculator can help to measure both savings and increased earning potential the ERP implementation will eventually provide the firm. It can also anticipate whether your company is in the right direction of becoming a leader or fail to set a benchmark in the industry. This validation procedure will include ERP Total Cost of Ownership (TCO) to find out the total cost to implement, license, and maintain software for the next 5-10 years. ERP ROI Calculator Adoption Benefits Implementing the Acumatica ERP system will allow you to enjoy multiple benefits such as a reduction in cost, improved customer/employee satisfaction, and better opportunities. When the cost reduction savings are easy to calculate, you can enjoy: Reduction in overall operating expenses Increase in response time for recalls or returns Increase in inventory turns Reduction in accounts receivable days outstanding Other ERP ROI benefits include: Fixing errors in a timely and effective manner Increase employee retention through ease-of-use and efficiency Align relevant documents for real-time availability of a single source of truth Make better-informed decisions with improved visibility into insights A Proven Approach to Calculate ERP ROI ROI calculation earlier was very detailed. Companies used to take each item to measure the cost of goods as well as operating costs to study a percentage of improvement to each. This process required a large amount of data gathering, resulting in a time-consuming course to determine current values and find out suitable value to be for improvement. But now, ERP ROI has taken a different approach by utilising the current data determined through extensive research across a wide array of organisations. As it emphasises determining ERP ROI before inventing in an ERP software, you can study a simple table with four of the 20 procedures, including increased profitability, reduced administration cost, reduced operating cost, and declined inventory levels. You can evaluate possible ERP ROI through these criteria seamlessly and you will be amazed to see ROI available by only enhancing four of the 20 procedures. Implementing Acumatica ERP can help you discover several business benefits and cost savings in a shorter time period. Another validation process requires calculating the benefits of a new system by estimating the ERP ROI or possible ROI. During this ROI analysation process, the expected cost of the system is matched to the rewards expected by implementing the software over 5-10 years. It should involve direct as well as indirect savings and overall benefits. Thus, organisations can base their decision of investing in a modern ERP system on the calculated Return on Investment (ROI). Acumatica ERP System – Offering Astonishing ERP ROI Acumatica ERP users can expect to leverage many benefits such as seamless connection to third-party applications, improved functionality, reduced operational costs, and effective operations within a single database. The software is built on low pricing, great development, and user-friendliness. That’s why you can explore a significant impact on your company’s economic growth after investing in Acumatica cloud-based ERP system. Once you discover the possible ROI before investing in ERP, it’s time to turn those predictions into reality and get the right ERP solution for your organisations’ success. Begin your ERP ROI Calculation The Total Economic Impact™ Of Acumatica 

There is a significant growing interest in Artificial Intelligence (AI) and Machine Learning (ML) technology to harness immense power and enhance efficiency. They are reshaping how companies used to carry out operations through the introduction of automation such as real-time analytics and sensors. Acumatica 2020 R2 has been launched recently with a multitude of new features and functionality to give businesses a unique ability to function effectively. One of the most existing features of 2020 R2 is that it leverages artificial intelligence and machine learning to automatically create accounts payable documents right from vendor bills. How AI and ML Turned ERP into a System of Results? Traditionally, enterprise management solutions are typically used for data streams within the organisation to track general transactions, inventory data, customer interactions, and more. But now Acumatica ERP is making rounds all over with constant attention to gathering information and further utilising it for informed decision-making. What happens when you sit for long hours and collect data manually? The result might be a delay, human errors, and data duplication. Well, it’s time to choose the ERP solution that combines AI and ML within its core functionality to provide relevant data and insights that modern businesses need to sustain in today’s digital era. Incorporating AI and ML within your company’s business strategy can offer multiple benefits, including: Generate reports and analytics on fingertips Reviewing and organising all data within a single database Automate complex processes and reduce manual tasks Anticipate future trends and updates Evaluate plenty of data faster and in real-time All of these benefits can bring any business into a line of profitability and effectiveness. However, choosing a suitable cloud ERP system and the vendor is very important. If you want to achieve such results and looking for a scalable solution, Acumatica Cloud ERP is worth a shot. How Accounts Payable Automation Can Help Save Users Time? Acumatica 2020 R2’s new features and enhancements provide unmatched business management solutions to take your business to the next level of growth in the digital economy. Accounts Payable (AP) Workflow Automation is one such feature that leverages artificial intelligence and machine learning to reduce time spent in manual data entry. Particularly, users can utilise an Outlook plugin to send a bill directly to Acumatica for examination, and then the software uses artificial intelligence to auto-detect vendor identities, quantities, amounts, and other information given on the bill. This feature will prove to be very useful for businesses that process a plethora of AP bills and currently dependent on manual data entry. In addition to the accounts payable automation solution, Acumatica 2020 R2 involves other financial automation features such as users can connect their accounts to financial institutions to streamline transactions and automate bank reconciliations. Users can also simplify expense management, such as credit card reconciliations and workforce reimbursement through automated expense receipt creation and approval routing. Ultimately, it is no surprise that these features will help save users both time and energy by removing office tasks and redundant data entry processes. They are powered by ML and AI technology that offers an exceptional experience to the users and in other scenarios that drives productivity, such as allowing users to catch errors before they arise which saves a lot of time during reconciliation. Final Thoughts The integration of AI and AP automation solutions in the Acumatica ERP system doesn’t mean that it takes out the human element completely. While machines can analyse patterns and anomalies, the human brain is powerful enough to understand the insights and reports within the business context. Using a cloud ERP system, you can quickly accumulate information and generate reports with a click of a button. But AI and ML take accounts payable and other tasks one step further that can help businesses reduce repetitive activities and make insightful decisions.

With limited expense to spend on enterprise management software, it comes as no surprise that small and mid-sized companies are likely to look for an innovative solution. The businesses often compare QuickBooks to full-fledged Enterprise Resource Planning (ERP) software. Growing companies that have been using QuickBooks might be familiar with its limitations and finding a full-scale solution. Selecting the right business management software is no easy task with plenty of functions, options, and offers available. QuickBooks is undoubtedly a good software for basic accounting at a comfortable price, but don’t simply choose software for its low price, select the one that adds value to your business. It is better to opt for a solution like Acumatica ERP to manage your business operations like manufacturing, distribution, and others besides financials. QuickBooks and Acumatica ERP are designed for different purposes, so it could be daunting to explain its real, side-by-side comparison. We did our best job to outline the difference between the two to help you understand why it is ideal to switch from QuickBooks to an ERP system. Here you go! The Significant Difference Between Acumatica ERP and QuickBooks Accounting Solution Vs Full-Scale ERP QuickBooks comes with basic accounting tools that allow you to handle accounting functions in a modernised version of spreadsheets. In the basic version, you don’t get functionality beyond accounting such as CRM, inventory management, payroll, or extensive support for industry-specific requirements. As a result, QuickBooks is an accounting solution, not a full ERP solution.On the other hand, Acumatica ERP is a full-scale and centralised solution that goes far beyond accounting and provides you with the robust tools to help manage all your business processes within all departments across the organisation. Specifically, when a business grows, it becomes essential to simplify data flow between departments and manage everything with a single source of the truth. Accessible through the Internet Vs True Cloud Solution ‘True Cloud’ means all the functionality is designed and can be accessed through the internet, with no additional software licensing. Though QuickBooks Enterprise is accessible through the internet, it is acknowledged that it isn’t a true cloud product.On the contrary, Acumatica ERP is a true cloud-based solution with best-in-class functionality and usability that you can access on any web-enabled device and internet connectivity, without any restrictions. Scalability QuickBooks may work well for accounting purposes in the beginning but it just limits to a maximum of 30 users. When your business starts to grow, you need to switch to a different business management solution. Although it supports multi-currency, it doesn’t support several companies, suppose we say, if you’ve less than 30 employees or if you need to operate multiple locations, QuickBooks won’t work best for your particular needs.Acumatica ERP supports both multi-currency and multi-location, with unlimited users. Despite paying for each user you add; you will be only charged for resources you have consumed. The user structure is something that sets Acumatica ERP apart from QuickBooks or other accounting solutions like Tally, MYOB, and SQL Accounting. Full Relational Database Export QuickBooks utilises a proprietary database and needs a third-party utility to access the underlying database. Many financial management solutions are designed with superior databases, including Microsoft SQL Server, Oracle, or SAP HANA. However, many users are inclined towards scalable ERP solution to manage all aspects of business operations. Choose a Solution Built for Long-Term Growth You might have understood by now that it is best to invest in a reliable solution like Acumatica ERP to boost your business growth without limitations. QuickBooks and other solutions may not satisfy your business needs as a whole, which may lead to high costs and incomplete tasks. QuickBooks is a basic accounting system which can be further upgraded to QuickBooks Enterprise for more functionality. However, even with additional features, it doesn’t measure up to the performance and integrated Acumatica ERP system. Its true cloud capabilities, scalability, and flexible licensing options stand out from the rest.

Choosing the right ERP solution for your business is a huge responsibility, after all, you will certainly live with your decision for many years so you can’t afford to go with the wrong choice. If you wish to implement modern Enterprise Resource Planning (ERP) software and started your research, you may come down to deciding between Acumatica ERP and Oracle NetSuite. But which you should choose? Let’s find out! There is no denying that both of these products are top leaders in the software market. Both are top-notch in customer satisfaction and functionality, each carries superior usability and deployment support that will sure to impress all industries and verticals. From a truly objective outlook, Acumatica ERP and Oracle NetSuite will both deliver you the following functionality: Offer cloud-based SaaS applications Integrates CRM, ERP, e-commerce, and Business Intelligence (BI) Supports several vertical industries, including manufacturing, distribution, and retail Suitable for financial and supply chain management Offers true mobility which means supports all devices with no additional apps Scale as your business grows   Acumatica and NetSuite – The True Cloud LeadersWhen you look over Acumatica ERP and Oracle NetSuite, you will see two cloud leaders in the battle of enterprise management solutions. Both deliver a full suite of applications accessible through the internet using a standard browser without any extra software licensing and apps. Both have proved themselves as a true cloud solution with their scalability, ease of use, and configuration. These are designed to meet or exceed the requirements of SMEs and have been helping companies to take control over their daily operations, even in tough times. While these two software products seem quite similar to each other, even a minute difference can add up to the course of its efficacy and usefulness. A Major Difference between Acumatica ERP and Oracle NetSuite Relational Database ExportAcumatica ERP enables users to access the functional copy of the information at any time which ensures real-time coordination across all departments within the organisation. You can export the data into an organised database format, which preserves data in a presentable manner and allow users to clear queries at once. On the contrary, NetSuite doesn’t allow users to directly export the data, instead, they only get fractional data reports via CSV files. You can obtain a complete data report but you need to perform it through APIs which is quite challenging and time-consuming. Development OptionsAcumatica uses C# and .NET open-source programming language which is accessible and modified easily, making it an ideal option for a nurturing community. On the other hand, NetSuite uses SuiteScript programming language which is its proprietary and a closed system that needs specific knowledge to understand. With the absence of direct access to system, database, or source code, users cannot truly enjoy customisation options. While both of these software products are available in the cloud, Acumatica ERP supports on premises and hybrid deployments to keep the confidential data of users more secure. Upgrade on SchedulesIn order to support the required multi-tenant model, NetSuite limits the users when it comes to updating their software. Acumatica ERP allows users to upgrade the version/software at any time they want whereas Oracle NetSuite charges for the functionality. The Total Cost of Ownership (TCO)Both software products charge users by used computing resources, but NetSuite also charges per user. These expenses rise as your business expand, resulting in increased TCO over time. Licensing OptionsEvery business is different and so do its requirements. Both of these products are available through flexible subscription licensing, however, Acumatica also provides lasting licensing. Ready to Implement the Scalable Acumatica ERP Solution?Conclusively, Acumatica ERP was designed to be accessible through both cloud and on premises right from the start to deliver a modern and flexible platform to SMEs. We, being a Gold Certified Acumatica Partner in Singapore and Malaysia, we will help you implement the Acumatica ERP software that never compromises on technology, usability, and overall performance. Make sure to take some time and schedule a demonstration of Acumatica ERP with our experts to see its world-class functionality in action. If you have any further queries regarding incorporating the ERP solution into your business, talk to our professional team today.