Powerful business finance software – simple enough for small shops and comprehensive enough for complex multi-nationals – that can support your needs today and in the future.
Financial Management
Why Choose Acumatica for Financial Management
Financial management software provides businesses with a full suite of accounting functions to track daily financial operations and generate quarterly and annual financial statements. In addition, it provides tools for reporting, analysis, budgeting, and planning.
Designed for companies with complex requirements, yet easy to use in smaller organizations, Acumatica Financial Management software provide a feature-rich accounting suite, fully integrated with Acumatica’s Customer Management, Distribution Management, Manufacturing Management, Field Services Management, and Project Accounting product suites.
Benefits of Financial Management for your Business
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Streamline Operations
Close your books faster with Acumatica’s time-saving automation and workflow. Efficiently handle month-end activities with fewer errors.
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Single Version of the Truth
Gain accurate, real-time visibility into business activities and performance with financial reports and personalized dashboards that access the shared, centralized database (single version of the truth).
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Work Locally and Internationally
Reach international markets effectively with cloud multi-currency, multi-language, and multi-company capabilities. Acumatica finance management software also offers localized functionality.
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Manage Multiple Entities
Use Acumatica’s financial management systems to integrate financials across multiple business entities, including automated reporting, consolidation, payments, and cash management. Supports independent balance sheet and separate tax reporting.
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Migrate Legacy Data
Users can migrate Accounts Payable and Accounts Receivable historical data from a legacy system to Acumatica ERP, including open balances, original amounts, and dates, without affecting the general ledger.
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Financial Management Applications
Create a central repository, fully integrated, with analysis and real-time reporting power.
Automate invoicing and manage collections.
Manage liabilities and payments for goods and services.
Control day-to-day transactions, cash balances, funds transfer, and bank account reconciliation.
Do business internationally and manage international subsidiaries.
Support centralized tax configuration, management, and reporting.
Accurately account for revenue recognition in future periods in compliance with ASC 606 and IFRS 15.
Direct financial reporting, payments, cash management, and inter-entity transfers among multiple entities.
Manage recurring billing for accuracy and visibility.
Track fixed assets and manage depreciation calculations.
Enable employees to enter time and expense, review cases, approve orders, and assign task from anywhere, at any time.
Manage and automate employee and company-wide data, including applicant tracking, benefit management, and time and attendance.
Handle all payroll functions for your company (or multiple companies) with automated functions.
See also
Distribution Management
Customer Management
Project Accounting
Reporting and Business Intelligence
To do their jobs well, CFOs require insight into their companies’ financial data. An integrated accounting system can not only reduce errors and save time, it should provide you with a detailed financial picture of your company. Learn more about three questions you should ask when purchasing a new system.
What our customers are saying about Acumatica's Financial Management?
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I was at dinner with a customer recently who asked if we had any availability on a part. With Acumatica, I was able to pull up our inventory on my phone, see exactly what we had, and let them know. It's very nice to have that web capability, but it's also been extremely nice to have it on-premises.
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Acumatica has definitely improved our ability to track our financial position. It’s also given us the ability to track the relationship we have with our customers and the open issues we have… Everyone in the company can see what’s going on.
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Being able to drill down inside reports, so we can see from a profit-loss statement right down to the customer that placed the order has helped us to see exactly what is going on at the moment. We can very quickly drill into what’s happened.”
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Everything is so easy to do in Acumatica. I have great peace of mind that when it comes to IT, I don’t need a huge department to maintain the system or have the cost of a large IT staff to support it.
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The interface is very user-friendly. It isn’t cluttered with a lot of competing features. With Acumatica, I can figure out where to go intuitively on my own, which is how I work. I felt we could pick up on how to use it quickly.
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The program often crashed, and we had to restart the server every two hours...the program was struggling...it couldn’t deliver what we wanted.
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Some of these Cloud solutions, they force you into their Cloud they’re hosting, so they own you. If you don’t want to go that route, if you want to host it on your own hardware, in your own office or in your own data center, you can’t. But with Acumatica you can.
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We have many reporting requirements. Now we’re able to easily give management the latest information—daily, weekly, monthly.
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One of the best things about Acumatica is how customizable it is, especially the user interface. I can change screens, processes and workflows. I can also create custom reports by connecting tables, combining tables and then generate a single table that has all the information I need.
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