Since the level of competition is rapidly increasing, the only way to ease your business processes is to modernise the module or system. Integrating an ERP (Enterprise Resource Planning) system into your business workflows could be a viable option to optimise production runs, manage inventory, and solve operational issues to meet the ever-changing industry needs. The addition of new-generation Artificial Intelligence (AI) technology into ERP software has transformed the way how companies operate and the volume to data managed, allowing businesses to make informed decisions. With the fast-pace at which technology is changing, ERP is undergoing a wide range of transformations and you need to keep up with the latest trends to seamlessly consolidate advanced functionalities. 94% of enterprises consider cloud-based ERP as a flexible and safe option, reveals Flexera. This translates to ERP is already a big deal and is expected to grow in the foreseeable future. So if you already have an ERP software or are planning to get one for your business processes, here are some trends you should know about that will dominate the landscape of ERP in the future: – Increase in the Popularity of ERP Systems Modern businesses cannot be able to survive in the long run through obsolete technologies. As new generations of workforce enter among the industries, the users of ERP systems will very likely rise drastically for exceptional customer experience.As per the report by Forrester, the personalised ERP market will cross the US $ 15 billion by 2020, which means businesses will shift to personalisation rather than customisation to manage workflows effortlessly. Future ERP will Future Blockchain Blockchain is proved to be the most secure technology to carry out transactions. After making its way through various enterprise software, it will become a standard component for ERP as well. At present, many companies have already started to integrate blockchain into an ERP system to facilitate shipping and tracking operations. Supply chain management and customer acquisition will become more nascent with this technology integration. ERP Users will shift to Cloud According to the recent research of CenturyLink and Statista, the cloud computing market is predicted to reach the US $411 Billion by 2020. The cloud computing market has matured tremendously but there are still barriers exist however, in 2020, more and more ERP users are likely to switch to the cloud which will hold significance for SMEs.With cloud-based ERP systems, there is no need to maintain in-house infrastructure. Users can enjoy the advantage of a full-fledged system with limited human resources. Artificial Intelligence is Going to Dominate Artificial Intelligence (AI) is already ruling all facets of business processes. Integrating this technology into ERP will help companies to achieve high levels of automation and eliminate human efforts across several functions. The concept of RPA or Robotic Process Automation is making rounds all over which will further help businesses reallocate wasteful human resources to more efficient avenues.Chatbots is another addition to artificial intelligence that will reduce operational costs and reallocation of funds will take place through the automation approach. Mobility and Wearable Technology to Lead While industry experts emphasise more on SaaS and cloud, mobility will be a key component to turn dominant in the ERP sphere by 2020. Ranging from management staff to back-office workforce, and store personnel, everyone is predicted to use ERP system through mobile devices instead of desktops. As unparalleled flexibility via mobile ERP is about to rule, it’s high to brace yourself for a new era with wearables and third-party applications for effective synchronisation. As ERP systems will change, the current features will go through major updates and merge with artificial intelligence, blockchain, IoT-enabled devices, and other technologies that will allow companies to make smart business decisions. Therefore, companies shifting to ERP need to be flexible and agile to adapt to the new changes and improve business workflows comprehensively. Have any queries regarding enterprise management solutions? Get in touch with our experts to attain a clear understanding and solve your business challenges.

Customer demands and technological advancements are continuously growing even in the ERP world. It is a go-to-market strategy to implement a software product that offers best-in-class functionality and superior usability at its core. According to Gartner, Nucleus Research, and G2 Crowd, Acumatica is a complete Cloud ERP software designed to manage finance, accounting, projects, distribution, operations, and inventory. All your business information is available in one integrated system and as your business grows, Acumatica ERP grows with it. You can add more functionality and resources at any time with no burden on your IT workforce. Why Choose Acumatica Cloud ERP? More and more small and medium-scale enterprises are choosing Acumatica ERP solution to enjoy unlimited user licensing on accounting, CRM, project and inventory management, and more. Here’s why you should go for it: Inclusive Business Functionality It is a multi-cloud, modern business management solution that streamlines workflows such as financials, distribution, CRM, manufacturing, and more with automation capabilities. Access from anywhere, anytime There are no additional machines and IT team needed. You can access information and keep your business running from anywhere through any smart device. Flexible Licensing and Deployment Options It includes both on-premises and cloud deployment options, built to ensure mid-market expansion. Adds Value to Business Unlimited user with no software installation, no maintenance cost, no hardware, or upgrade requirements. How to Implement the Acumatica Cloud ERP System? Purchasing and adopting a cloud ERP solution could be a daunting process. First of all, you need to attain company buy-in and then decide which ERP system fits best for your business (of course after research and analysation). Once you chose the software, you finally get to begin the implementation. Fortunately, Acumatica ERP is one such system that is easy to implement, and alongside a trusted vendor, you can achieve your goals more effectively for today and in the future. Let’s get into the eight-step plan for successful cloud ERP implementation: Select a Deployment Option Acumatica ERP users can choose to deploy either on-premises or in the cloud (Software-as-a-Service). Bring Together Your Team You must gather both full-time and part-time teams to participate in the installation process for in-depth knowledge. Define Your Needs and Expectations Plan for expansion and focus on realistic expectations to accomplish ultimate success. Create a Project Plan The project plan will be crafted on time and within a budget while taking your requirements and goals into consideration. Build a Data Migration Plan It is very important to define and manage the tasks involved in preparing and moving data from old systems. So plan for it wisely. Develop a Test Plan This test plan makes sure that the new system fully meets your business needs. Create a Training Plan Give proper training to your workforce to ensure successful ERP adoption and exceptional user experience. Plan for Launch Choose which go-live method you would like to use, including Big Bang, Parallel Operation, Phased Approach, or a combination of two or three) to reap the benefits of a cloud ERP solution.Although go-live seems the last stage, your crucial needs of third-party and custom application and planning for ongoing support requirements will continue to be taken care of, no matter what. Get Ready to Implement the Acumatica Cloud ERP System for Success Acumatica cloud ERP system is undoubtedly a full-fledged business management solution built on advanced capabilities and a future-proof platform. The core financials, customised dashboards, reporting tools, drag-and-drop automation, and other features will help you meet your business needs, from anywhere at any time. Hopefully, these eight steps to ERP implementation will give you a clear understanding of what it actually offers, how to install, and plan for future growth. And if you’re all set to use a modern, flexible, and scalable cloud-based ERP system, Acumatica ERP could be a viable option.

The construction industry will find something to be happy about in Acumatica’s latest release, Acumatica 2019 R1. Contractors in particular will appreciate the usability and functionality improvements benefitting their project teams. When Acumatica builds new construction functions and features into our software, we don’t do it alone. It begins with looking to our customers and partners for feedback and advice on what they want most and carries through delivering a release with optimal value. In the Acumatica 2019 R1 release, Acumatica Construction Edition includes numerous enhancements and new features across Financials, Project Accounting, and Project Management. Contractors will see enhanced features to better meet the needs of their project teams with updates to Project Issues and RFIs including the ability to add RFIs and Project Issues from within Microsoft Outlook and the newly added Drawing Logs and Project Budget Forecast. We’ve also enriched the integration to Procore, making it easier for users to seamlessly work across Procore and Acumatica. Additional enhancements include a new Commitment Inquiry filter, Project Budget Control Warnings, and a new Pay when Paid report. Acumatica Construction Edition feature details In response to customer requests to better meet the needs of their project teams, there are new features and enhancements making Acumatica Construction Edition more intuitive and easier to use. Acumatica Summit 2019 attendees were able to see some of these new features live during the Day Two Keynote. For those who missed Summit, you can download the Keynotes now. Here are new features Acumatica 2019 R1 brings to Acumatica Construction Edition: Drawing Logs: Drawing Logs enable project teams to store drawings and sketches on a project. In case of changes or revisions to the initial drawing, the team member can create a revision and attach the updated drawing(s). Drawing Logs can be linked to Request for Information (RFI) and Project Issues making it easy to provide the necessary information in order to ask questions. Project Budget Forecast: The budget forecast feature allows project teams to enter and modify project budget forecasts and compare these forecasts with the actual project costs and revenue for each financial period. Users can forecast original and revised budget amounts and quantities for existing project budget lines for financial periods on the master calendar. Each project can have multiple budget forecast revisions. In a forecast revision, a user can distribute amounts and quantities of the project budget among the selected range of financial periods to speed data entry. By using forecast data, users can create generic inquiries and pivot tables. Project Budget Control Warnings: The project cost budget control warnings notify that when costs exceed the revised budgeted amount for a specific project key (Project, Sub Job, Cost Code, Account Group). The validation is analyzed at the project key level across all detail lines with the same project key. The validation includes released commitments and change orders per project key. Please note this is Phase 1 with additional features planned for a future release. Pay when Paid: The Pay when Paid reports display paid amount including retainage, total balance, original retainage, and unreleased retainage up to the specified financial period for invoices and retainage invoices. The reports do not consider paid amounts after the specified financial period. Users can compare what was paid by the customer (AR Docs by project with paid amount) to what they owe their subcontractors/suppliers (AP Docs by project with paid amount) when selecting AP Bills to pay. And Acumatica 2019 R1 provides further enhanced features to our construction accounting software, including: Project Management Preferences has a new Due Date Calculation Type for Request for Information documents (Answer Date) and Project Issues (Due Date). The due date calculation options include Sequential Days (including weekends) and Business Days. Sequential Days (including weekends) calculates the due date by adding the specified number of days to the current date. Business Days calculates the due date by adding the specified number of days to the current date but only counts the days of the week selected on the specified Work Calendar. Project Management Classes now include a default due date for project issues and the ability to customize RFI and Project Issues priorities. Project Issue enhancements include converting a Project Issue into a Request for Information (RFI) and linking associated project Drawing Logs. Request for Information (RFI) enhancements include attaching project files to an RFI, linking project Drawing Logs, attaching drawings with a zip file when sending the RFI, and creating an “Incoming RFI” into an “Outgoing RFI”. Incoming and outgoing RFIs help project teams manage communication between upstream owners, architects, and engineers and downstream subcontractors and supplies. Commitment Inquiry has a new filter for document type on the header that allows the user to specify a specific type of commitment (subcontract or purchase order) or see all of them. Procore Integration has Improved navigation between individual mapping screens and the main mapping screen making it easier for users to seamlessly work across Procore and Acumatica. General features for the Acumatica cloud ERP community The General R1 release provides additional features that are of interest to both contractors and to the entire Acumatica community. Platform Usability Highlighting results in Inquiries provides visual clues on rows or columns of a generic inquiry based on customized conditions that have been introduced. Based on the alerts required, the system will highlight certain elements of a generic inquiry. For example, when inquiring on “opportunities”, the resulting grid can show those opportunities that have been won in green, those that have no owner in yellow, and opportunities that are late in red. Side Panel displays the details of a row on an inquiry screen. Changes to the data can be made in the side panel and the information displayed in the panel can include data or dashboard graphics without leaving the inquiry screen. In 2019 R1, significant improvements have been made to the Side Panel UI for improved usability. Improved help search via Machine Learning (ML) where inquiries made in the HELP menu inform the system what was useful and how to provide better help recommendations over time. Based on how effective the response to a natural language search has been, the system knows if

Our latest release, Acumatica 2019 R1, provides comprehensive product enhancements. Users will experience improvements to our financial management software, inventory management software, project accounting, and field service management software. Every application module of Acumatica’s cloud ERP solution has been enhanced in some way in Acumatica 2019 R1. Today, we’ll provide examples of the improvements in this new release, which were also presented at Acumatica Summit 2019 in Houston. For current customers and partners, the full set of Release Notes are available on the Acumatica Portal and a full recap of the Summit is posted. Improving application functionality and cross-connected workflows During Day Two of Acumatica Summit 2019, Acumatica CEO Jon Roskill said, “We love technology, but it’s not technology for technology’s sake. It’s technology and how we can apply it to very pragmatic problems in the real world.” This is apparent when you look at the improved functionality and cross-connected workflows that Acumatica 2019 R1 brings to the table. Below are some of these specific improvements broken down by module: Financial management Predefined list of currencies: Acumatica cloud ERP now provides a predefined list of all currencies included in the ISO 4217 standard. Financial management software users no longer need to manually enter the world currencies and their basic settings. Different Start Periods for Companies in the same tenant: Companies using Financial Management and having multiple legal entities within the same tenant can now have different fiscal year-end dates. With this functionality, an organization can accelerate implementation; simplify maintenance for companies that share vendors, stock items, and employees; run consolidated operational reports at any time; and facilitate the preparation of consolidated financial statements. Order management and Inventory Automated Warehouse Operations (WMS): Clients with medium or large warehouses typically use external inventory management software or WMS (warehouse management system) solutions for supporting standard warehouse operations with inventory items, such as picking, packaging, PO receiving, putting away, transferring, and physical counting by using barcode scanners (or mobile devices with a scanning option). Ship-to info: Multiple shipments or orders with different addresses are included in the Sales Order invoice. Project Accounting Multi-currency project accounting: Users can enter project transactions in different currencies and maintain projects in both the base currency and the project currency. With multi-currency project accounting, project managers and accountants can review actual revenues, actual costs, and committed costs in the project currency, with an ability to calculate project profitability in both the project currency and the base currency, and present costs to the customer in the customer’s currency. Project budget forecast by period: Enter and modify project budget forecasts and compare these forecasts with the actual project costs and incomes for each financial period. Users can forecast original and revised budget amounts and quantities for existing project budget lines for financial periods of the master calendar. Each project can have multiple budget forecast revisions. In a forecast revision, a user can distribute amounts and quantities of the project budget among the selected range of financial periods to speed data entry. By using forecast data, users can create generic inquiries and pivot tables. Company-Specific Financial Periods in Project Accounting: Companies using project accounting within the same tenant can have different fiscal year-end dates with this functionality. This is important for companies that share vendors, stock items, and employees. The company-specific periods are defined at the branch level. Field Services                            Calendar boards: With field service management software, customize the calendar board by rotating the members vs time axis. Users can change the time range to show schedules for one week or one month. The user now can also reassign an appointment from one staff member to another on a different date, viewing the agenda for a group of staff members on a particular week or month, or viewing the availability of rooms on a particular week or month. Location Tracking: Using mobile device of the service personnel, the GPS location of any location can be tracked. Generate Invoice: From the Field Service application, the service personnel can now directly generate an invoice from a service order or an appointment. Consistently improving platform usability Our applications continue to grow in functionality, are designed to transparently work together across module boundaries, and are easy to use because of our xRP platform. In every release, we improve the underlying system to improve our customers’ experience. Following are the enhancements Acumatica 2019 R1 brought to Acumatica’s cloud ERP platform. Custom color for User Interface: Ability to personalize the primary color of the company’s user interface. In addition, for multi-company or multi-branches, a different color can be specified for branch to make it easier for employees to distinguish these branches. Highlighting results in Inquiries: An option to highlight rows or columns of a generic inquiry based on conditions has been introduced. Base on the condition or formula, the system will highlight certain elements of a generic inquiry. For example, when inquiring on “opportunities”, the resulting grid can show those opportunities that have been won in green, those that have no owner can be yellow, and opportunities that are late can be red. Generic Inquiry Side Panel: The user can view the details of a row on the inquiry screen in the side panel. For sales orders, for instance, this could be the customer’s company information. Changes to the data can be made in the side panel and the information displayed can be data or dashboard graphics. In addition, fhe following improvements have been made to the side panel of generic inquiries: ability to resize the side panel and the new size saved automatically, a button has been added to maximize or minimize this panel, and side panel elements have been optimized to use window space more effectively. Improved help search via ML: In this release, Acumatica is using Machine Learning (ML) in the HELP text. Based on how effective the response to a natural language search has been, the system knows if it is serving up the correct results and adjusts. Link existing files to Acumatica entities: The ability to easily add links to the attachments that already exist in the system has been introduced. The user can add a link to the stored files right from the form

Acumatica 2019 R1 release is surely bringing flexibility, advancement, and growth to the construction industry. It includes numerous new and enhanced capabilities across financials, project management, and accounting, ensuring to meet or exceed the functionality and usability needs of project teams. Right from the beginning, Acumatica ERP is bringing innovation by taking feedback from its customers and partners to deliver each software product with optimal value. Contractors can use improved features to satisfy their needs more effectively with timely updates to project issues and RFIs, everything within Microsoft Outlook, and newly established Drawing Logs and Project Budget Forecast. In general, this software upgrade involves features and usability improvements to three core areas i.e. the platform, business applications, and industry-specific requirements. Additional enhancements such as Project Budget Control Warnings, Commitment Inquiry Filter, a new Pay when Paid Report brings more intuitive and easy to use capability into the system. Key Features of Acumatica Construction Edition In Acumatica Construction Edition, there are best-in-class features and functionality that make the software more comprehensive and simpler to use. Here are a handful of features you can witness in Acumatica 2019 R1: Drawing Logs – Drawing Logs allow users to preserve drawings and sketches needed for the project. In an instance of changes or modifications to the initial drawing, the staff can revise and attach the updated drawings. This can be associated with Request for Information (RFI) and project issues that offer all the requisite information. Project Budget Forecast – This enables project teams to enter and alter project budget forecasts. Users can also compare these forecasts with the actual project expenses and revenue for a specific financial period. You can distribute amounts and quantities of the project budget. Through forecast data, you can develop generic inquiries and pivot tables. Pay when Paid – This feature helps to report the paid amount involving retainage, original retainage, total balance, and unreleased retainage for a specific financial period for invoices. Users can measure what was funded by customers to what they owe to their suppliers or subcontractors when choosing AP Bills to pay. Project Budget Control Warnings – It alerts the user when the cost exceeds the revised budgeted amount for a particular project key, including project, sub job, cost code, and account group. The validation is examined at the project key level from all the way to the detail lines within the same project key. Improved Features of Construction Accounting Software Project Management Preferences – It includes an all-new Due Date Calculation Type to raise requests for information documents and project issues. This option consists of Sequential Days and business day format which allow users to evaluate the due date by adding a particular number of days to the current date. Project Management Classes – It has a default due date for project issues and the power to customise or adjust RFI and project issues on a priority basis. Request for Information (RFI) – Users can attach project files to an RFI, combining project Drawing Logs, attaching drawings with a zip file, and crafting an incoming RFI into an outgoing RFI. The final step can help to fill the communication gap among upstream owners, engineers, project teams, downstream subcontractors, and supplies. Project Issue – Users can turn the Project Issue into a Request for Information (RFI) and link related project drawing logs. Procore Integration – Users can experience the best navigation between individual mapping screens and the core mapping screen to work easily across Procore and Acumatica.  General R1 Release Additional Features for Contractors and Acumatica ERP Users Not only this, but Acumatica 2019 R1 also provide further usability and features enhancements to the construction accounting software, such as: Perform Usability Highlight inquiries based on customised conditions Provides side panel improvements Enhanced help service via machine learning – Custom colour option for branding purposes Linking existing files Include progress bar for long and effective processing New end-user training Multi-factor authentication General Business Application Enhancements Financial management Project accounting Industry-Specific Enhancements Order and inventory management Commerce Field service Manufacturing Construction Improve Ease of Use and Functionality with Acumatica 2019 R1 The enhancements in Acumatica Construction Edition allow the contractors to incorporate valuable innovation into the firm, resulting in productivity and streamlined project management processes. The 2019 R1 launch continues to set a benchmark in terms of operational performance and business outcomes so if you want to refine your company’s processes, Acumatica cloud-based ERP solution could be an excellent choice for you.

A better, more competitive construction business begins with modern construction and accounting software that provides regular updates. Acumatica Construction Edition—with new improvements from Acumatica 2020 R1—checks both boxes. What are some ways to remain competitive as a contractor? Staying current with technology is one way. Establishing remote connectivity and ensuring business continuity are other ways to keep your business running smoothly and competitively during the COVID-19 crisis. All three are possible when you implement modern cloud construction software, such as Acumatica Construction Edition, and when you adopt accounting and project management updates provided by Acumatica 2020 R1, Acumatica’s latest cloud ERP release. Acumatica 2020 R1 and Acumatica Construction Edition Now generally available, Acumatica 2020 R1 provides improved usability, functionality, and cross-connected workflows. Acumatica Construction Edition, which offers residential and commercial construction management companies a secure, mobile, and single-source cloud solution, has a number of improvements you’ll want to review and utilize. 1. AR Retainage tracking made easier Automate retainage tracking by configuring projects with stepped retainage percentages, when to decrease the retainage to the next step, and/or when to stop holding retainage. Negotiate a lower overall retainage holdback by capping the maximum retainage held to a percentage of the potential retainage and set a cap. Retainage amounts can change as your project reaches completion Ability to include change order amounts in the contract total calculation Includes stepped retainage threshold and retainage percentages Includes an option to cap retainage at a certain percentage of the overall retainage 2. Expanding capabilities with new, native payroll (Currently for US Only – Asia release soon) Acumatica Payroll enables contractors to eliminate the cost of maintaining an interface to an external payroll system and benefit from time flowing seamlessly across Acumatica financials, job costing, business intelligence, distribution, manufacturing, construction and field service. Supports salaried and hourly workers, integrated taxes and tax forms, certified wages, union wages, timecard integration, and flexible payroll periods Set up, modify, and report on payroll from anywhere, using any popular web browser Access and analyze payroll information with out-of-the-box reporting and inquiry screens 3. Extending project management Project Managers will benefit from the continued expansion of project management functionality and increased visibility to project data and documentation. Photo Logs: Photo Logs help users manage progress photos taken by field superintendents, or other employees, and associate those with projects and project tasks. Unlimited photos per log Ability to download photos to a zip file Ability to email photos Filter and Search to quickly find photos Change Orders: Change Orders have been extended to the Acumatica mobile application. Users can easily create, update and delete change orders from anywhere. Update summary information, cost budget, revenue budget, and commitments Submittals: Submittals help reduce calls back to the office and increase accuracies of the data.  Gather, organize, and manage project submittals through our dashboards, and notifications to keep your project on schedule without any surprises. Supports a workflow providing the project team with clear, consistent, and easy to access project submittal details Ability to monitor reviews and approvals by always knowing the responsible parties and where the “ball in court” resides Access submittal activities with automated email capture or appointments, messages, phone calls, work items, and notes Cost Projection Entry: Allows users to forecast remaining and final costs for a project.  These forecasts can be entered for specific points in time, providing a vision of costs during the project life cycle. Forecasts can be compared with the initial budget estimates, helping detect potential problems early in a project Users can create multiple revisions, as needed, creating “What-If” scenarios 4. Communications are easy with Outlook Eliminate multiple processes to update project activities with our simple, easy to use, Outlook Add-In. Now available are several new enhancements making communications even easier for Project Managers. Add emails to Project activity Add emails to existing RFI or Project Issue activity Additional criteria when creating an RFI from email 5. Offering more flexibility with Procore Integration The enhanced Procore integration makes it easy to configure and schedule the synchronization between Acumatica customers, vendors and Procore companies. Bi-directional workflow of information Automate updates between applications when convenient by setting a schedule Provides Vendor insurance certificates for compliance purposes 6. Impactful reporting Each release contains reports helping contractors run a smoother business. A new Project Bonding (Profitability) Report has been added, increasing the information available to share with outside parties, as well as providing internal visibility.  The report will provide Earned Revenue, Billed to Date, Unbilled Contract Amounts, as well as Cost Incurred to Date, Calculated Cost at Completion, Current Period Costs/Billings, as well as prior year Billings and Costs. Acumatica Construction Edition for a better, more competitive business The new features and enhancements seen in Acumatica 2020 R1 ensure essential remote connectivity and business continuity during the COVID-19 pandemic. Contractors can benefit from the cloud and can learn how by attending this free webinar. Many of the features have also been at the behest of our customers. Your feedback helps make Acumatica Construction Edition—and all Acumatica modules—even more intuitive and easier to use. You can find further details on our latest release in the Acumatica 2020 R1 Overview and by downloading the Acumatica Summit 2020 Day One and Day Two Keynotes. “2020 R1 is a significant new product release,” said Acumatica CEO Jon Roskill in a recent press release. “We have to pause sometimes and marvel at the pace of innovation consistently delivered by our product team. Acumatica customers and partners keep clamoring for more and they get it, twice a year, with real quality.” If you haven’t yet implemented a quality, modern cloud construction and accounting software, then contact our team today. We’ll explain how Acumatica’s cloud-based ERP solution and Acumatica Construction Edition can help you run a better, more competitive business, even in uncertain times.

There is no denying that the construction industry can face reduced productivity due to lack of collaboration, inefficient project planning and estimation, resistance to digitalisation, lack of transparency, and time overruns. With global competition and increasing administrative needs, contractors are pushing themselves to incorporate advanced business solutions to simplify complex projects and see a clear picture of future growth. Using technology to synchronise and monitor business processes is nothing new in construction companies. Here’s the good news, now Acumatica 2020 R2 is available, allowing contractors, land developers, and builders to set up for success with superior, simplified user experience. It aims to provide users with a modern, updated design with best-in-class functionality that saves time and ensures the entire construction project cycle runs smoothly and efficiently. How Acumatica Construction Edition 2020 R2 is Suitable for Construction Companies? The final goal of any construction company is to meet or exceed the clients’ expectations while generating maximum revenue to make a great shot at success. Acumatica Construction Edition is built on three pillars of true cloud, high value, and real-time, increasing productivity and helping companies to work smarter, not harder. Acumatica ERP system is designed on the cloud which allows users to obtain seamless integration with every suite, including financial management, CRM, inventory management, production, and field service management. With real-time visibility into insights, all the departments always stay informed, updated, and ready to implement an innovative strategy. Here are some enhancements you will find in Acumatica Construction Edition 2020 R2: New Pro Forma Correction Workflow Companies don’t need to rely on manual efforts anymore. You can simply improve billing cycle efficiency without AR invoices or manual reversing before billing. You can use multiple methods to correct pro forma and receivable invoices, including entering a credit on the next invoice, revise the previous billing without removing the AR invoice, or adjust retainage using credit memos. Enhanced AIA Process Past versions may have integrated customisations or user-defined areas to put up different situations, resulting in additional procedures and delayed billing cycles. The new enhancements in Acumatica 2020 R2 will streamline cash flow with automated capabilities and workflows, such as retainage pro forma for AIA printing, historical change order and billing values, and AIA application number. Procore Integration Office personnel and project managers within the construction field will now enjoy even more mobility in the management of operations than ever before. With an enhanced integration system, you can easily delete or inactivate records and create single-directional or two-directional imports and manage updates on several entities under any scenario. The project Preferences option gives project managers a chance to decide which project-related entities to sync like cost codes, project tasks, budget, etc. When the initial configuration is finished, you can automate processes to keep stakeholders, vendors, and customers informed. It includes several features such as procore monthly sandbox connectivity for testing purposes, synchronisation logs, linking and unlinking records, both manual and automated synchronisation, and bi-directional data flow options. Benefits of Acumatica Construction Edition 2020 R2 A Single Source of Truth Despite spending a fortune on several back-office applications and systems and then investing time in making decisions, you can rely on an all-in-one ERP solution to do the entire job. All your data is stored in the cloud, which means you can use a complete system to access business data, import spreadsheets, and integrate it with accounting, CRM, project management, and more. Comprehensive Project Management Acumatica Construction Edition uses mobile and cloud technology to simplify collaboration, accumulate project requirements and status, solve issues, and stay on the top of every detail, such as budgets, labour costs, materials, and more. Real-Time Information and Flexibility You can access all the information in real-time, from anywhere at any time. Moreover, you can check reports like project and purchase orders, from any browser-enabled device, each offers the same features and functionality. At Netsense, we are offering an advanced and scalable Acumatica ERP system for the construction industry to allow businesses to achieve success using integrated and automated mobile and cloud technology. The number of companies has implemented our full-fledged ERP solutions to manage project orders, inventory, budget, change orders, and everything else. If you’re looking for modern cloud ERP software to streamline your business operations, we can help you get started. Have any further requests or query regarding ERP solution, or would like to see a demonstration? If yes, please contact our experts now!

Acumatica released 2020 R1 in late March, revealed a multitude of new product features such as improvement in the usability, introduce power-packed new modules, best-in-class functionality, cross-connected processes, and codeless customisation. “2020 R1 is a significant product release,” said Jon Roskill, CEO, Acumatica. “We have to pause sometimes and marvel at the pace of innovation consistently delivered by our product team. Acumatica customers and partners keep clamouring for more and they get it, twice a year, with real quality.” Acumatica 2020 R1 put some light on the fact that the company is highly dedicated to developing new technologies into Acumatica product while focusing on superior user experience. The version is built on a future-centric platform with an open architecture for fast integrations, scalability, and ease of use, delivering unmatched value to small and medium-sized enterprises (SMEs). Exciting New Features in Acumatica 2020 R1 1. All-New Experience with Superior UsabilityUses Artificial Intelligence (AI) and machine learning to streamline user experience: Utilise mobile camera to make expense receipts quickly Give access to data entry screens fast with a quick add button New mobile capabilities: Record travel and break time while on service calls Enables to attach images directly to data records Ease of Reporting: Enhance performance with dashboard caching settings Give pivot table percentages calculations and individual counts 2. Eradicate Business Silos with Brand-New Native ModulesThe company understands the real complications of running a business on dissimilar systems. This is why, the experts strive to deliver robust, new native modules in 2020 R1 to allow running the whole business on one system. Take over markets with Omnichannel Commerce: Ecommerce powered business management through BigCommerce integration Allows users to automate B2B and B2C with omnichannel sales and implementation with unified back-end accounting Reduce overhead expenses and keep employees satisfied with in-house payroll: Decrease overhead expenses with Acumatica Payroll 3. Faster Growth with Best-in-Class FunctionalityIn 2020 R1, you will discover new features and enhancements in all industry editions. Acumatica ERP is designed for mid-market business expansion and offers best-in-class functionality by integrating core functions into a single business-wide software suite. Key Features for Distribution CompaniesIncrease sales and speed warehouse operations: Matrix inventory generates, tracks, and handle related products quickly. WMS involve wave and batch picking for faster implementation Key Features for Manufacturing CompaniesEnhance manufacturing operations: Monitor production and costs with native shop floor data collection Advanced planning features capable-to-promise and what-if situations Key Features for Construction CompaniesHandle more construction projects with enhanced project management tools: Streamlined project balance reconciliation Monitor project development with enhanced daily field reports including weather and photo logs Manage payments and retainage by lines in AR Key Features for International Companies International depreciation improvements support worldwide expansion 4. Tailored to your Business without Writing CodeUse online tools to create reports, alter workflows, add user-defined fields, and more without writing any code. Features include: Fast and easy data imports Modify tab orders and visibility Dynamically present field valid values Automate business workflows with a powerful, new workflow engine for CRM Add side panels to data screens to speed data entry 5. Boost Businesses with Cross-Connected WorkflowsWith the Acumatica cloud-based ERP solution, you can build end-to-end workflows, enhance productivity, and eventually strengthen your business. Features include: Enhanced lead qualification and contact management links sales with production Improved project billing based on field service activities How We Can Help?Following the recent announcements and capabilities of 2020 R1, at Netsense, we strive to explore emerging technologies and put all-in-one Acumatica ERP system to the front that ensures to drive operational efficiency and automation in your organisation. We assure you that our enterprise management solution will definitely transform the way you operate and help you thrive in a new digital world. If you’d like to discover Acumatica ERP capabilities on your own, schedule a demonstration with us today and make a smart decision to accomplish ultimate success. Don’t hesitate to contact us.

The current COVID-19 crisis has led to economic impacts, health risks, and social implications. While larger organisations have laid the operations to a remote workforce and moved to a cloud-based ERP system to expand wisely, this isn’t always the scenario for small businesses. Small and Medium-sized Enterprises (SMEs) are still perplexed about how to get their workforce back to work with the stable operating model to thrive. Recently, Acumatica announced an opportunity to gain a competitive edge with a new FastTrack Deployment solution that can Go Live in 90 days or less. By rapid ERP deployment timeline, you can experience productivity, high customer satisfaction, and lower cost of entry in minimum time. You might be asking yourself, ‘why would you speed up an ERP deployment?’ Or ‘wouldn’t this make the implementation more expensive and risky?’ To get started, we first want to clear your doubts to help you make a better-informed decision. How does FastTrack Deployment Work in Acumatica ERP?Traditional cloud ERP implementations start with the Discovery phase, which basically involves business needs, vision, and scope of the project. The next steps are Analyse, Build, Stabilise, with consistent Planning & Monitor. Every stage demands time and effort which varies depending on the difficulty of business’ needs, workflows, and processes. This isn’t rare or could be a problem for several organisations, thereby, FastTrack deployment is considered a viable choice. The Acumatica’s FastTrack Deployment follows an in-the-box (ITB) approach with the best practices-based templates and configuration checklists. It also utilises data migration tools to simplify data transmission. The framework is comprised of Initiation (Discovery and SOW), Adapt (Analyse, Design, Build, and Stabilise), and Deploy (Go Live and Post Go-Live). The final stage is Sustain, which consists of consistent improvement and receiving customers’ feedback. The pre-defined, core business deployment is available for General Business, Distribution, and Construction Editions at the present, which gets you into the Acumatica cloud ERP system within 90 days or less. It allows you to work within a structured timeline until you went live and accomplished what you’ve set yourself for throughout the implementation process. How Beneficial is Acumatica FastTrack Deployment for Your Organisation? Rapidly Achieve ProductivityIn-the-box (ITB) approach is a unique aspect about this solution as it enables us to roll out critical capabilities in incremental stages based on precise business needs. Since rollout is accomplished faster and directly connects to pressing needs, user adoption is swift and minimise the learning curve. Declined Cost to EntrySince FastTrack Deployment uses pre-configured content and a repetitive framework for faster achievements, you can get rid of the long traditional cloud ERP implementation process. Industry-Specific SolutionsThe best part about the FastTrack deployment solution is Vertical Editions, which are expanding to accommodate more industries very soon. The potential to harness that vast knowledge base provides this all-inclusive solution a more powerful punch. Increased Return on InvestmentWith pre-configured content and the option to begin with what you actually need while you scale and grow, businesses can take complete advantage of best-in-class features. The workforce will gain access to information and dashboard, from anywhere at any time which means spending less time in creating reports and spreadsheets and drive better ROI. How Netsense can Help You with Acumatica FastTrack Deployment?Go-Live in 90 days or less by leveraging methodologies and tools can keep you up and run smoothly and efficiently at low risk and cost. FastTrack involves pre-configured content that simplifies deployment while accelerating user adoption. Now you shouldn’t be concerned about stressful, time-consuming, and expensive ERP deployment. With Acumatica FastTrack Deployment, you can get started in the easiest way and save a lot of time and money. We offer an all-in-one Acumatica ERP solution which allows you to rapidly pivot your business and prosper. At Netsense, we can help you to accelerate your business with the automated process, timely data collection, financial analyses, and forecasting for insightful decision making. If you’re interested in discussing further how it can grow your business and would like to see a demonstration of Acumatica ERP, contact us today.

On Wednesday, September 16th, Acumatica’s announced 2020 R2 which is the latest full-featured version of our award-winning cloud ERP product. The event occurred from the beautiful Museum of Flight in Seattle Washington which is the home to so many of the innovations that changed how the world flies today. 2020 R2 introduces significant new advances across the Acumatica Cloud xRP Platform. This includes superior streamlined user experience and fresh, modern design combined with new functionality to empower Acumatica users to deliver their best results by working smarter, not harder. The incorporation of Artificial Intelligence and Machine Learning features assist further in making this goal a reality, reducing the chance for human error by removing the drudgery of repetitive manual tasks. http:https://netsensebs.com/wp-content/uploads/2020/09/Acuamtica-Usability.mp4 ACUMATICA 2020 R2 WILL LAUNCH TOMORROW! In this release, Acumatica delivers several new features which improve upon its best-in-class functionality and utilize AI/ML so you can do your best work. In addition, the program eliminates system silos by bringing manufacturing, construction, and commerce features into a unified core. Read on to see what’s coming and what you can expect to see LIVE from the Acumatica 2020 R2 at the launch on Sept. 16!  Register Here     Acumatica 2020 R2 Feature Preview   The Acumatica experience enables your organization to adapt and tailor this new solution to meet your unique business needs. With 2020 R2, you can save both time and money by automatically creating AP documents from vendor bills. Up to 500 recently viewed records are instantly available.   Financial management is the core priority of an ERP system, and Acumatica continues to innovate in this area by enabling cross-company sales opportunities, streamlining bank reconciliation, and providing centralized account management.  2020 R2 delivers a robust integration to Shopify. The integration is built using the new commerce engine, which makes it even easier to connect to leading eCommerce applications.   Built on a modular and adaptable platform, Acumatica is designed for the way businesses operate today and in the future. Its flexible architecture allows for low-code or no-code customization and sophisticated capabilities such as data visualization, artificial intelligence (AI), and machine learning (ML). 2020 R2 continues to harness AI and ML to create AP documents automatically, delivering an advanced workflow engine that enables customers to modify workflows visually.   New Features and Improvements   TECHNOLOGY Visual state automation engine Workflow engine enhancements and build out API enhancements and automated inquiry mapping Unified notifications using business events Advanced UDF visibility and enablement OData v4 – LINQ-based access to data objects In cell error reporting for data imports Mobile dialog box support – phase 1   USABILITY & REPORTING Generic inquiry table join suggestions and previews Recently viewed records list Dashboard auto-refresh Recently viewed records     FINANCIALS Automated AP document creation Cross company sales Centralized account visibility Credit memo retainage and automation Bank reconciliation improvements   CRM Improved account / contact relationship  Pin important activities Automated address enrichment using Google or Bing Bank reconciliation Address lookup and enrichment       INVENTORY AND ORDER MANAGEMENT Payment processing improvements Restrict shipping of unpaid orders Validate bills against purchase orders   New workflow engine for sales orders and shipments   MANUFACTURING AND SERVICE Manufacturing delivered in Acumatica core Quality management module (m) Pause and resume appointments Multi-day appointments Create PO from appointments Cost tracking enhancements for appointments   Multi-Day Service Appointments       PAYROLL, PROJECT, AND CONSTRUCTION Team time entry Paid time off enhancements Pro-forma workflow enhancements   AIA process and form improvements Procore integration schedules and new bi-directional sync   COMMERCE Commerce delivered in core product Shopify connector Drop ship buyer notification enhancements Multi-box shipments Commerce in Core with Shopify   We’re thrilled with the list of enhancements to the already powerful Acumatica core ERP and can’t wait to see them LIVE at the 2020 R2 Launch event this Wednesday!