Acumatica is designed for its customers, built to make it easier for end users to do their jobs. However, there is no such thing as complacency for the firm, and they continually work to make improvements to the product. Whether they are compliance necessities, interface improvements, or better integrations, Acumatica continues to make twice-yearly improvements based on customer requests, with the most recent update, R1 2019 featuring big changes to make the product better.
New Features Added in the Latest Release of Acumatica
With many improvements made across the platform, R1 2019 builds on the success from 2018, bringing important new innovations for users.
Some of the biggest enhancements come to the core financial management application, and 2019 R1 features a range of improvements including the following:
Predefined List of Currencies
Acumatica cloud ERP now provides a predefined list of all currencies included in the ISO 4217 standard.
Different Start Periods for Companies in the Same Tenant
Companies using Financial Management and having multiple legal entities can now have different fiscal year-end dates. Now, an organization can accelerate implementation; simplify maintenance for companies that share vendors/stock items/employees; run consolidated operational reports; and facilitate the preparation of consolidated financial statements.
Order Management and Inventory
Inventory tracking software can help you control system-wide inventory to efficiently manage your distribution process without losing track of costs. Here are the new features in the latest Acumatica for product-focused businesses.
Automated Warehouse Operations (WMS)
WMS gives users the power to complete warehouse operations with inventory items, such as picking, packaging, PO receiving, putting away, transferring, and physical counting by using barcode scanners or mobile devices.
Multiple shipments or orders with different addresses are included in the Sales Order invoice.
Many businesses have turned to Acumatica for its project accounting ability, and the R1 2019 update makes it even easier for these businesses to maximize project profitability and visibility.
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 have the 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
With project budgeting by 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.
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.
Field Service Management
Field Service companies face unique challenges and need to leverage a wide variety of features to support customers. R1 2019 features the following:
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.
Using the mobile device of the service personnel, the GPS location of any technician can be tracked.
Easily Generate Invoices
From the Field Service application, the service personnel can now directly generate an invoice from a service order or an appointment.
Learn More about Enhancements from Acumatica
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