Better decision-making with more accurate financial information
Like every business, distributors need accurate financial information in order to make good business decisions.
The Acumatica Financial Management Suite includes the core set of financial applications, fully integrated with the operational applications in the suite for timely and accurate closed-loop financial data. Each module has been developed to meet the needs of growing multi-national organizations yet effectively serve small and midsize businesses or startups.
The accounting functions in Acumatica’s Financial Management suite include:
- General Ledger
- Cash Management
- Accounts Receivable
- Accounts Payable
- Employee Portal
- Currency Management
- Tax Management
- Recurring Revenue Management
- Deferred Revenue Management
The Acumatica platform provides workflow, collaboration, analytics, and mobile throughout all parts of the ERP and CRM solution set.
According to the Aberdeen Group, the world’s leading distributors outperform competitors by applying technology to support effective operations in a challenging environment:
- “Leaders are marrying analytics and optimization tools with collaboration technologies to develop supply chain and intelligence”.
- “Leaders are deploying solutions that give them integrated workflow and collaboration that increase timeliness and accuracy of their most critical data”.
- “Leaders are more engaged and have invested in mobility. In fact, up to 87% of leaders have a mobile solution now and 37% of all companies plan to invest in one within the next year”.
Distributors have access to more data than ever before available, but are challenged to turn that data into actionable information. Modern analytics allow distributors to collect, manage and transform raw data while providing the tools to harvest insights and intelligence to support management decision-making.
One of the characteristics of today’s Big Data is its variety — unformatted text, images, scanned documents, sensor feeds and more. A picture of a damaged item, for example, can be electronically attached to a returned product record along with a copy of an original invoice with hand-written notes. Integrating Document Management to Analytics brings this concept to life.
The Acumatica system monitors key metrics for each functional grouping. Drill down into summary and detailed information, including access to the aforementioned supplemental information, is immediately available. Executive management has immediate and convenient access to the details that document what lies beneath performance measurements for fast and accurate decision-making support. These functions are integral to the business dashboards that are central to Acumatica Analytics.Show Next
Workflow allows you to define a consistent and repeatable pattern for a given business process and helps administer and monitor the execution of that process. The “work” is moved through the process as the defined steps are completed. Records and supporting documents travel with the process as workflow maintains complete records and status tracking. For distributors, this means that the steps in processes are clear and visible, sequence and completeness are never in question, and the potential for confusion or delay are greatly reduced.
Mobile devices are everywhere and business leaders are relying on them to store information (calendars, telephone numbers), communicate (email, txt), and supply answers to questions (search, maps). Mobile devices are valuable to the fast-paced business world, and distributors should plan to empower every employee to access fast, accurate, and relevant information on any device, anytime, anywhere.