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
The role of the modern CFO is changing. Businesses now demand CFOs who are capable of more than just holding the line and being the vanguard of corporate integrity. At the CFO Rising Conference in San Francisco, Chief Financial Officers from some of today’s most dynamic enterprises shared insights on how to leverage the CFO’s role at the nexus of the organization to lead strategic growth.
What our customers are saying about Acumatica's Financial Management?
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Would I recommend Acumatica to anybody? Absolutely not in our industry. I wouldn't want anybody to have a competitive advantage over what we do.
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Acumatica allows us to focus more on what is good for our business and our process, rather than being stuck with a system and figuring out how to redesign around its process.
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I am still getting used to drinking a coffee in Starbucks while looking at our ERP, but that is the flexibility and usability that all companies should have now.
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We can scale without extra costs because the fee structure isn’t prohibitive. With other software, every time you want to add a new user or feature, they charge you huge amounts of money. Acumatica has extra modules that only cost a few thousand dollars and you can be up and running in a few hours. It doesn’t take weeks to train multiple parties.
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We asked Acumatica to automate time tracking for people working in the field. They listened and delivered the Acumatica Project Accounting Suite that allows us to accurately track project profitability.
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Having Acumatica Manufacturing Edition and Scanco integrated allows us to manage all our inventory from a single location. We can easily look it up in the system and have confidence that it’s accurate.
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Acumatica is the backbone of our cloud environment. It has already changed the way we do things, improving efficiency. It will clearly strengthen our company in the long run.
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[Acumatica is] a company that is constantly developing their product, that’s up-to-speed with the latest movements in the industry...
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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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Check out the detailed description of the Suite
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