A customer negotiates to pay for a sales order in installments. The customer will pay 40% of the invoice up-front and pay the remaining balance in 2 equal payments in 30 and 60 days. Each installment needs to be invoiced separately.
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Most of today's ERP (enterprise resource planning) systems will meet the process automation needs of most business models without extensive modification or the need for "add-on" functionality. Financial processes are largely internally defined and to some extent dictated by external regulations. Manufacturing and inventory processes are also largely internally defined and executed. It is in the supply chain and distribution area that industry-specific functionality can be essential. For an integrated ERP solution to satisfy the needs of a market that industry-specific practices dictate (how orders are placed, order fulfillment and billing terms, product pricing), such industry-specific functionality is not "nice to have" but is required to access the market and service its customers.
Enterprise resource planning (ERP) implementation isn’t always successful, but there are ways of improving the outcome. Step one to making the process smoother is planning. Step two is creating a winning team.[Click to continue...]
While Acumatica is user-friendly, there are some features and processes we get asked about more often than others. Doug Johnson, a Senior Sales Consultant at Acumatica, highlights some of these queries in Feature Spotlight.
Acumatica provides flexible shipping terms, so you can charge for shipping according to your requirements.[Click to continue...]
There is little doubt that ERP (enterprise resource planning) systems are complex and time-consuming to implement. However, any discrete manufacturing operation is complex and requires time, effort, and the attention of multiple parties to properly execute and control such operations. Engineers need to set up and maintain bills-of-materials; purchasing needs to acquire raw materials; warehouse personnel need to store, dispense, and keep track of materials; and production needs to plan and schedule manufacturing activities. Finally, accountants need to assign costs to these activities and summarize them in a language and format everyone can understand.[Click to continue...]
In the minds of many people, nonprofit organizations (NPOs) are less complex than commercial enterprises and, as such, have little need for sophisticated, integrated enterprise resource planning (ERP) software. While it is true that NPOs may not have to deal with the complexities of manufacturing and inventory management, they share many of the same internal processes as commercial entities. For example, NPOs need to purchase and pay for goods and services and process payroll.[Click to continue...]
While attending Microsoft's Worldwide Partner Conference this week, I heard Satya Nadella, Kevin Turner and other Microsoft executives urging partners to step up to the plate in this "mobile-first, cloud-first world". It's a space Acumatica has been playing in for a while now and continues on an innovative path with our new Cloud xRP Platform.[Click to continue...]
Many organizations drive growth and measure and reward their sales force based on sales volume growth, measured in currency units (dollars). While this approach may grow "the top line," being able to measure and drive product mix is necessary to grow "the bottom line." The ability to measure the profit contribution of selling efforts is essential to rewarding the sales efforts that most support the organization's total growth strategy.[Click to continue...]
When function-rich, integrated enterprise resource planning (ERP) software burst onto the information technology scene over a decade ago, it brought with it a debate within companies, implementation consultants, and ERP vendors. Should a company pursue a single integrated ERP solution or implement and interface multiple best-of-breed packages?[Click to continue...]
Little insight into business information, inaccurate data for decision-making, and unreliable visibility into cash flow — professional services’ firms challenges are well-known. The right business management software keeps consultants and customers happy and provides insight into what’s going on in all areas of the firm. Check out this infographic on how to solve some major pain points, then learn more about how Acumatica does all that and more for professional services firms.[Click to continue...]
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