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With the release of the new Acumatica edition, business owners are eager to implement the new features to scale their enterprises. Acumatica 2021 R2 presents a host of functionalities that can help you operate your company smoothly while improving its performance.
The efficiency of your financial department can make or break your business. That is why you need to make strategic and purposeful decisions concerning the finances of your business. ERP (Enterprise Resource Planning) systems provide one of the best ways to make your operations more streamlined.
The distribution industry continues to experience immense changes. As a result, you need a warehouse management solution that offers dynamic functionalities to ensure efficiency and profitability in the long run.
During the 2021 Acumatica Summit, the company announced new partnerships and integrations to enhance its leading cloud ERP product. The integrations with Adobe Document Cloud and Microsoft Teams are part of the company’s efforts to achieve these goals.
QuickBooks meets the need of the hour for small businesses since it offers basic accounting at an affordable price. This accounting software is also user-friendly, making it ideal for startups. But as your business grows, QuickBooks becomes limiting because it is not designed for other processes apart from financials.
A healthy cash flow rate is essential for any business to thrive and outdo competitors. Sufficient liquidity allows you to cover the costs of running your company, pay debts, and allocate resources to areas that will ensure the growth of your enterprise. Unfortunately, maintaining cash inflows can be challenging for many companies and is one of the leading causes of the collapse of startup businesses.
A lot of companies silo their accounting and enterprise resource planning (ERP) systems in ways that keep them separated. Depending on the size of your business, you may not even have an ERP system implemented within your organization, but hopefully after you read this article, your feelings about this will change. You see, the primary purpose of ERP systems is to both assist accounting with the books and help your finance team with reports and monetary monitoring, while simultaneously keeping the rest of your organization’s workflow running smoothly. Great ERP systems incorporate both accounting and finance functions (as well as other departments’ responsibilities), facilitating an overall ease and flow to your operations management processes.
When you’re in the process of selecting a new enterprise resource planning (ERP) solution, there are a lot of factors that need to be considered. You should be looking at your business’s potential growth and thinking about the people who will be overseeing the processes held within the system. It’s vital to take on a bit of due diligence as you decide which systems will work best for you and which processes you’re trying to aid during the evaluation activities.
When you’re trying to find the right ERP system for your business, you’re faced with a lot of decisions. Which brand is best for you? How much should you pay? If you’re considering investing in an ERP, you’re probably interested in integrating the most important parts of your business so you can bring together planning, purchasing, inventory, sales, marketing, finance, and human resources. On paper, this sounds great, but how do you go about doing this in real life?