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Wholesale distributors often stock and sell thousands of inventory items. These items may be similar, with only slight variations in size, style, or other attributes for each family of products. But your customers don’t care about the other items, they work with you to get the items they need.
Copy and paste, copy and paste, copy, edit and paste… Only to find out… something is wrong. Guess who's in for a long night? All too often, business leaders come to us with this challenge. After taking all the right steps—offering a great product/service, hiring the right people, and providing ample pay, benefits, and perks—they realize that something is amiss.
Remember when working from home was a luxury? Remember when salespeople could simply drop by on a Friday afternoon to update the CRM? Remember when you could survive on an occasional email about the status of a facility? Business no longer works like that. In fact, it hasn’t worked like that for years.
Though it may still be two months away and you still have a lot to get through before the end of the year—HR departments still have to lead employees through insurance enrollment, retail companies and their value chain partners need to handle holiday rushes, and many still are yet to file PPP loan forgiveness—the year-end close is rapidly approaching.
So many ERP options, so many moving parts in each product, and so much flexibility in configuration, many organizations seeking out cloud ERP software suffer from paralysis by analysis. This is only made harder when each vendor seems to have an endless cavalcade of partners who can put the solution into use. Too often, companies will get almost everything they need from a product—only to find out that their partner can’t put it into action. With timeframes measured in years or decades, ERP is all about getting long-term value from a solution.
2020 has been an intriguing year. For many, this meant challenges. For some—especially in industries serving the medical community—this meant unforeseen opportunities. For all, this meant that some kind of change was in order. Understandably, most organizations—especially those forced to lay off workers, reforecast revenue, and do whatever was needed to survive the lockdowns—are looking to put this year into the rearview.
Technology, in a larger sense, is a relatively ambiguous term. Not only could it be dismissed as jargon (it has the newest technology) or used as a filler word to sound innovative, it doesn’t discuss what is going on with a product.
Vendor relationships matter now more than ever. After months of trying to stabilize cash flow and collect from customers in order to pay your own vendors, lockdowns are ending and things might finally be looking up. But you’re not out of the woods just yet. You’ve just spent months trying to work with your suppliers’ collections departments, and relations might still be a bit tense at the moment.
You’ve probably heard that among the many benefits of working with a cloud vendor is that you receive frequent and robust updates. With Acumatica, you can expect this—it’s promised in their customer bill of rights, it’s been delivered consistently since their inception, and it’s been documented in a 300-plus page document that we’d like to try scratching the surface of.
Though there are many benefits to choosing a cloud-based ERP solution, one of the biggest is simple: Twice-annual updates that add value for users. Once again, Acumatica has announced new functionality, and there are some impressive new features being added in their second release of 2020—Acumatica R2 2020.