Acumatica Summit Puts Company’s Rapid Growth into Sharp Focus in 10th Anniversary Year
NASHVILLE, TN, January 29, 2018 — Acumatica, the world’s fastest-growing cloud ERP company, today announced a bevy of milestones demonstrating the company’s leadership in cloud ERP business management solutions. During the opening keynote of Acumatica Summit 2018 to more than 1,000 customers and partners, CEO Jon Roskill announced a number of significant company achievements, including 4,000 customers and 144 percent new revenue growth for 2017, which represents more than a doubling of revenue year-over-year.
“In addition to our 10-year anniversary, we’ve now attained five consecutive years as the fastest-growing cloud ERP company in the world,” said Jon Roskill, CEO, Acumatica. “That’s a testament to our employees, to Acumatica’s technology and to the mutually-beneficial partnerships we’ve formed with ISVs, VARs, OEMs and our customers across many industry sectors.”
Continuing its technical leadership trajectory, the company previewed Acumatica 2018 R1 just months after launching Acumatica 2017 R2. Acumatica 2018 R1 continues to deliver features customers ask for with exceptional usability and data insight capabilities with enhanced real-time mobile ready dashboards providing unmatched drill-down and ad-hoc analytical tools.
“Customers are challenging us to constantly innovate and extend our offerings as a way to maximize their business success,” said Ali Jani, Chief Product Officer, Acumatica. “Acumatica 2018 R1 meets this challenge with substantive new capabilities that enable customers to accelerate their business growth.”
For Financials suite, Acumatica 2018 R1 adds the ability to track financials for complex, multi-layered organizations and subsidiaries requiring inter-company accounting, easily distinguishing companies from branches and departments. The preview of Financial suite also included new capabilities to split transactions during the reclassification process and improvements to its revenue recognition engine, adding elements needed to support ASC 606 standards. The Sales, Inventory, and Distribution capabilities now include one click order processing, real-time integrations to popular point-of-sale systems, and a nifty integrated Acumatica Device Hub solution ideal for high-volume fulfillment operations needing to interact with high-speed printers, CUBA scanners, scales, and other automation devices.
Acumatica 2018 R1 preview showcased the addition of advanced capabilities to its Field Service suite, including real-time GPS tracking of vehicles, enhanced tracking of equipment and component warranties, plus optimized work-flows to support complex service contract life-cycle scenarios. For CRM, Acumatica 2018 R1 now supports multiple quotations for opportunities, real-time Salesforce integration using the latest streaming API technologies, and enhanced workflow embedding back-office operations seamlessly to CRM for optimal user experience.
Acumatica recently surpassed 4,000 customers in industries such as manufacturing, healthcare, technology, services, non-profit, retail/ecommerce, travel, food/beverage and many more. The company’s rapidly-growing ecosystem of ISVs, VARs and OEMs has surpassed 400 partners in North America, Western Europe, Asia Pacific, and Latin America.
Acumatica realized 90 percent year-over-year growth in VAR partners for 2017, with 61 new VARs. This includes Blytheco, MIBAR.net, Strategies Group, Algorithm, Mayer Group, CBIZ, and Integrated Business Group.
Acumatica’s customers are embracing the company’s cloud ERP solutions based on their pragmatic feature sets and technological innovation, while many competitors have come to rely on acquisitions to achieve the bulk of their growth.
In 2017, Acumatica received recognition from noted industry analysts and observers: named a visionary company in Gartner’s most recent Magic Quadrant for Cloud Core Financial Management Suites; provided three Editors’ Choice awards and a Best App award by PC Magazine; and recognized for Best Cloud ERP Solution by the CODiE Awards.
Acumatica provides cloud-based business management software that enables small and mid-size companies to accelerate their businesses. Built on cloud and mobile technology and a unique customer-centric licensing model, Acumatica delivers a suite of fully integrated business management applications, such as Financials, Distribution, CRM, and Project Accounting, on a robust and flexible platform. For more information, visit www.acumatica.com.