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.
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
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What our customers are saying about Acumatica's Financial Management?
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As software developers, we found Acumatica’s technology to be elegant, adaptable, and stable. In the era of cloud computing, you do not want to select technology that is decades old.
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M3 Technology has grown dramatically since implementing Acumatica. With the move from the old on-premise solution to Acumatica’s Cloud ERP, M3 experienced a growth in revenues by 60% in just the first two years, all while maintaining the same headcount in the finance department. We came out of the gate billing larger orders, but we covered the tasks with the same people. We weren’t extra stressed or working overtime to keep up, yet we were doing way more in sales and transactions through Acumatica.
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Implementing the Acumatica system in 90 days was a huge success, that also included migration of the data from the legacy system … We always felt we had the commitment from Acumatica that the project would be successful.
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From Day One we saw how valuable Acumatica was–from tracking expenses to getting invoices approved to running reports that showed where people were working, who was being underutilized, and how we could reallocate people to where they were needed.
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I chose Acumatica because I knew it could handle our complexities… It was easy to get around from one screen to another, and I felt like it would take us into the twenty-first century.
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Acumatica makes it really easy for remote employees to access from anywhere. The simplicity of that cannot be overstated.
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Acumatica’s unlimited pricing structure was a big factor. With NetSuite, we knew we would be dealing with Oracle (NetSuite’s new parent) and felt its pricing would be going up, knowing how large companies operate.
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Acumatica works perfectly. It handles project accounting, cash flow, project monitoring; but Acumatica is not just confined to project-based operations. Other departments like sales and marketing love it as well.
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Acumatica has an open platform, which was a huge selling point. The company looks for outside innovation and to work with as many ISV’s as possible to provide a multitude of solutions. We believe in that ethos because that’s how we operate.
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