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Acumatica 2018 R1 Is Now Available

This spring release is the scheduled update to Acumatica 2017 R2 released in Fall 2017. The release consists of four parts:

  • General Availability of 2018 R1
  • General Availability of the Acumatica Construction Edition
  • Announcement of the Acumatica Distribution Edition
  • Business Intelligence with Reporting, Dashboards and Analytics

Highlights of Application and Platform Enhancements in the Acumatica 2018 R1 Release

The documentation Portal, at help.acumatica.com, has been updated with the current 2018 R1 documentation, including Release Notes.

Usability

Stay proactive with enhanced notification triggers. Manage account activity by sending email notifications whenever data is updated, or any set of pre-defined conditions are met.

Easy access to essential data with improved generic inquiries. Generic inquiries in Acumatica offer an easy way to extract the specific data you need, filter it, and present it to reporting functions for analysis. Acumatica has made it easier to create, filter, and display generic inquiries.

Improve usability of mobile application dashboards. Acumatica now makes it easy to configure and display any dashboard element within your mobile applications.

Financials

Distinguish companies from branches. Acumatica lets you define separate legal entities with independent balance sheets and separate tax reporting requirements. Track financials for organizations and subsidiaries requiring inter-company accounting, with the ability to distinguish companies from branches and departments.

Divide transactions to various accounts or branches during reclassification. Acumatica now allows you to split transaction amounts to transfer portions to other accounts, subaccounts, or branches.

CRM

Flexible opportunity quote tracking. Acumatica lets users create multiple quotes for a single opportunity. Once the customer accepts an offer, a sales order and invoice can be created based on the quote.

Enhanced Salesforce integration. Users can choose to export the following entities to Salesforce by predefined scenarios: Leads, contacts, business accounts, opportunities, stock and non-stock items, and sales prices.

Project Accounting

New change order functionality

Improve project management by controlling changes to the project scope, including customer and internal requests. Create a change order with all the documentation, including the revenue budget, cost budget, commitments, and class. Define your workflows and approval processes, and release change orders with full business intelligence visibility and audit trail control.

Progress billing and pro forma invoices improved

Both progress billing and pro forma invoices were introduced in 2017R2, and in this release both have been enhanced to support time and material, tasks, cost codes, and retainage for the construction industry.

Field Service

Standardized Service Contract Billing

Define the services that will be covered in the billing period with the number of appointments or hours, the standard fees, and the overage prices. At the end of each defined billing period, the customer will receive an invoice that includes the covered amount plus the overage amount.

Real-time GPS tracking of vehicles,

Aids in keeping track of the work being performed by staff using the location capabilities of mobile devices to accurately track the GPS location on Bing Maps in real time. From that, a dispatcher can schedule the closest available vehicle for high priority service calls.

Platform

Monitor resource utilization and warnings. Acumatica is licensed by resource levels, not by user counts. Resource levels range from small to large (XS to 5XL+) and control parameters influencing system performance, such as database space allocated for Acumatica ERP data, number of transactions, and number of requests per hour for the web services API. Exceeding any of these limits indicates the owner should consider a higher resource level. Administrators are now able to:

  • View resource limits associated with their license
  • Display resource violation warnings and drill down for detail
  • Monitor current resource utilization

View a short video by Ali Jani from Summit 2018 summarizing the 2018 R1 highlights: https://acumatica.wistia.com/medias/ecb3kiepsd

Hear what the analysts are saying about Acumatica 2018 R1

New Financial and Field Service Features
Get IDC’s perspective on how Acumatica 2018 R1 can benefit you.
Read the report

General Availability of Acumatica Construction Edition – Available Now

The Construction Edition was announced and demonstrated in January at IBS (International Builders Show) and WOC (World of Concrete).  It provided proof that Acumatica Construction Edition will help manage specific business management needs for both residential and commercial contractors, including project costing, retainage, and compliance.

Based on the three pillars of true cloud, real-time, and high value, Acumatica Construction Edition will give contractors a modern system – accessible through any mobile device – to handle every project accurately and cost-effectively. Today’s construction companies require advanced financials and SaaS technology to meet management needs to remain competitive.

For more information please visit Acumatica Construction Edition.

Announcing Distribution Edition – Available April 1st

Many firms have distribution requirements, including retailers, manufacturers, service providers, and wholesale distributors. The distribution processes are a critical function in their overall supply chain management. They need Integrated Financials and Inventory with robust ERP functionality.

Distribution Edition includes Advanced Financials, Advanced Inventory, Sales Order Management, Requisition Management, Purchase Order Management, Advanced Fulfillment, and supports up to 10 entities at bundled pricing. The full range of modules are available as optional add-ons.

Plus, in this release, continuing to streamline order management, two new features automate and simply workflows for routine order types:

  • Add stock items directly to an invoice and update inventory—without creating a sales order or return.
  • Process an order in one click. Acumatica performs standard order processing steps automatically—and keeps you updated on every step through completion.

For more information please visit Acumatica Distribution Edition.

Business Intelligence: Reporting, Dashboards, and Data Analysis Tools

Acumatica now has our collection of reporting and data analysis tools together in one place on the Products Menu (https://www.acumatica.com/cloud-erp-software/reporting-dashboards-and-data-analysis/)

Also new in 2018 R1 is Drill-down dashboard filters.

Acumatica now provides finer granularity to your dashboards by allowing users to filter on specific parameters to display dashboard data for a limited range of data, for example, sort leads by owner or sales by product or branch.

For more information please visit Business Intelligence.