Acumatica 2020 R2 – What’s New

Joel Gress

3 years ago

What’s New – Acumatica 2020 R2

The team at Acumatica demonstrates their continued commitment to enhance and improve Acumatica Cloud ERP with the release of 2020 R2. This latest installment of Acumatica ERP includes hundreds of next-level features and enhancements, each designed in direct response to feedback from customers like yourself.

Learn about Acumatica Cloud ERP

In Acumatica 2020 R2, you will find even more features that make it the flexible, easy to use, and fully integrated business management solution needed to help your company thrive in the digital economy. Here are just some of the great new features you will find that will help you work smarter, not harder.

Top New Features

Acumatica Point of Sale (POS)
Watch Video

Manage over-the-counter retail sales for all your retail locations. Acumatica POS makes it easy to manage customer present sales, customers who buy online but want to pick up orders at the store, place orders at the counter for delivery, or even process returns from previous customer present or online sales. With Acumatica POS, you can now manage a complete omni-channel experience inside Acumatica.

Electronic Bank and Credit Card Transaction Feeds
Watch Video

Easily and securely connect to over 11,000 financial institutions directly within Acumatica. With multi-factor authentication and tokenization technologies, your company can securely download transactions and view real-time activity. Additionally, with real-time smart matching technologies you can streamline the bank reconciliation process.

Acumatica Advanced Expense Management
Watch Video

Easily enforce company purchasing policies and streamline the employee reimbursement processes. With automated expense receipt creation from bank feeds, including rule-based assignment of financial accounts, you can streamline employee reimbursements and corporate credit card reconciliation. Utilize existing AI/ML tools to capture receipt information at time of purchase or send reminders to employees who need to record receipts using their mobile phone.

Quality Management for Acumatica Manufacturing and Distribution
Watch Video

Easily develop structured processes to investigate, evaluate, document, and validate solutions to quality issues. In addition to reducing quality issues, QMS can help you adhere to internal, industry, and regulatory compliance requirements while increasing customer satisfaction. With QMS your company can implement testing for your receiving, production, and shipping operations. You can also develop checklists, inspections, evaluate vendor performance, and much more.

Automatically Generate Accounts Payable Documents from Vendor Bills
Watch Video

Acumatica 2020 R2 uses powerful artificial intelligence and machine learning to automate the vendor bill entry process. Vendors send you paper bills that you can scan or PDF bills attached to e-mail messages. Acumatica 2020 R2 scans these documents, learns your vendor bill formats, and automates the creation of Accounts Payable documents. Not only does this save your company time, it reduces the errors associated with manual data entry.

Shopify Integration for Acumatica Commerce Edition

Boost your B2C commerce with a new powerful integration to Shopify that supports customer specific pricing, products with variants, multiple warehouses, discounts and promotions, shipment tracking, and more. With real-time integration, you always have the most up-to-date inventory, sales, and shipping information. What’s more, customers experience an enhanced buying experience with a complete view of purchase history, improved shipment tracking, refund processing, and buyer notifications

Top Enhancements

Acumatica 2020 R2 also includes over 75 enhancements, including:

Commerce

UI Changes and Usability Enhancements
Enhancements to the Import of Credit Card Payments
Export of Information about Related Items to BigCommerce
Managing Commerce Processing Queue

Construction

AIA Report Improvements
Application Number for Progress Billing
Improvements to the Joint Payees Functionality
Improvements to the Substantiated Billing Reports
Enhanced Calculation of Contract Cap Retainage
Changes to the Project Site Address
The Correction Workflow of Pro Forma Invoices

CRM

New Layout of the Business Accounts, Customers, Vendors, and Locations Forms
Primary Contacts in Business Accounts, Customers, and Vendors
Address Enrichment Through the Third-Party Provider
Enhancements to the Selection of Owners
Enhancements to the Setting Up of Mailing Recipients
Predefined User Roles
Pinning of Activities

Finance

Changes to accommodate 1099 Reporting for 2020 Tax Year
Credit Card Payments with Optional Customer Payment Methods
Credit Memos with Retainage That Are Paid by Line
Credit Card Transactions Linked to Payments
Discontinued Direct Input Mode for Credit Cards
Improved Usability of Bank Transaction Processing
Improvements in Accounts Payable Aging Reports
Improvements to the Reconciliation Statement Report
Intercompany Sales
Negative Ext. Price in AR Invoices with Retainage That Are Paid by Line
Release of Adjustments Created on the Reconciliation Statements Form
Restricted Visibility of Customer Records
Support of Flexible Recognition Methods for Deferred Expenses
Support of Transaction Matching for Invoices

Mobile

Support of Simple Dialog Boxes

Order Management

Enhancements in Prepayments for Sales Orders
Changes in the Processing of Prepayments and Payments for a Sales Order
UI Changes Related to Payments and Prepayments
New Workflow in Order Management Documents
Validating Bills Against Purchase Orders
Transferring the Unit Cost from a Purchase Receipt to the Accounts Payable Bill

Payroll

Ability to Release Paychecks Linked with Completed Projects or Project Tasks
Ability to Split Expenses by Branch and Cost Code
Benefits with No Impact on the General Ledger
Certified Project Fringe Benefits by Employee Report
Deduction and Benefit Code Source
Employment History Inquiry Form
Enhancements to the Calculation of Deductions and Benefits
Exemption of Employees from Certified Reporting
General Ledger Accounts Made Required Depending on Payroll Preferences
Granular Licensing
Improved Tax Management
Improved Logic for Determining An Employees’ Hire and Termination Dates
Improvements to PTO Banks
Pay Checks and Adjustments List of Records
Predefined User Roles
Recurring Payments

Platform

Change Notification Replacement
Automatic Suggestion of Table Joins on the Generic Inquiry Form
Ability to Preview the Generic Inquiry Form While Designing the Inquiry
Ability to Restrict Customer Visibility for Customers to a Company or a Branch in Generic Inquiries
Improvements in Import Scenarios
Improvements to Generic Inquiries and Reports
The State Diagram

Projects

Enhancements in Retrieving the Unit Rate
Processing Purchase Receipts
Processing Unbilled Remainders

Services

New Licensing for Field Services
Ability to Pause and Resume an Appointment and Services
Multiday Appointments
Improvements to Adding Inventory Items
Improvements to the Specification of Lot and Serial Numbers in Appointments
Creation of Purchase Orders from Appointments
Expense Receipts in Appointments and Service Orders
Other Improvements

System Administration

Improvements to System Event Monitoring
Detailed View for ERP Transactions

Time and Expense

Crew Time Entry

User Interface

List of the Recently Viewed Records in the System