During the Acumatica Summit 2016 (2/1/2016 – 2/5/2016), which brought together customers, partners and the Acumatica team, the release of version 5.30 was announced. I continue to be amazed by the rapid release cycle and ongoing enhancements Acumatica provides. The most recent release is focused on performance, stability and mobility. This releases continues to provide the features and functionality that middle market companies look for in an ERP solution. With Cloud (SaaS) an On-Premise offerings, Acumatica has the bases covered.
In addition to the What’s New in Acumatica Cloud ERP v5.30 below, be sure to look at the enhancements in versions 5.00, 5.10 and 5.20.
What’s New in Acumatica Cloud ERP v5.30
New Sales Profitability Reports
- Sales Profitability by Item and Order
- This report shows the net sales amounts, costs, and margins for the items that were sold during the specified date range. The report in detailed format shows the data broken down by sales orders. Additionally, the data can be filtered by customer.
- Sales Profitability by Customer and Order
- This report shows the net sales amounts, costs, margins, and margin percents on the sales to each customer during the specified date range. The report in detailed format shows the data broken down by sales order. Additionally, the data can be filtered by inventory item.
- Sales Profitability by Salesperson and Customer
- This report shows the net sales amounts, costs, margins, and margin percents calculated for the sales performed by particular salespersons during the specified date range. The report in detailed format shows the data broken down by customer. Additionally, the data can be filtered by inventory item.
- Sales Profitability by Item Class and Item
- This report shows the net sales amounts, costs, margins, and margin percents calculated on per inventory item and item class basis on the sales occurred during the specified date range. The report in detailed format shows the data broken down by sales orders. Additionally, the data can be filtered by customer.
- Sales Profitability by Customer Class and Customer
- This report displays the net sales amounts, costs, margins, and margin percents on all sales to each customer class and each customer during the specified date range. Additionally, the data can be filtered by inventory item.
- Daily Sales Profitability
- This report displays the net sales amounts, costs, margins, and margin percents calculated on the documents of specific type for the specified date range and broken down by customer. The report in detailed format shows the profitability data for each day within the specified date range. Additionally, the data can be filtered by inventory item.
Enhanced Configuration of Deductible VAT
Acumatica ERP supports the configuration of a deductible value-added tax. With a tax of this type, you can deduct the tax amount calculated according to the specified deductible rate from the tax amount paid to the vendor, and then claim this tax amount from the appropriate tax agency. In this case, the non-deductible tax amount is recorded as expenses.
Improved Processing of Bank Statements
In Acumatica ERP 5.3, the processing of bank transactions has been significantly improved. All the changes are intended to increase the usability of processing bank statements and to process Accounts Receivable and Accounts Payable batch payments similarly.
- Matching Multiple Payments to a Bank Transaction
- Setting Up Matching of AP Batch Payments and Further Processing
- Reconciling AP Batch Payments
- Improved Usability of Processing Bank Statements
- User Interface Changes
HubSpot Marketing Integration
In Acumatica ERP 5.3, the feature of integration with HubSpot has been introduced, which gives you the ability to export leads from Acumatica ERP to HubSpot for nurturing and then import the leads back to Acumatica ERP for further processing.
Enhanced Project Stock Management
A project stock is a quantity of a material that is held in stock for a particular project task. As the material is issued against this task, you may want to track and manage the project stock that is available for the whole project. In Acumatica ERP, a project stock is managed through the management of warehouse locations that can be associated with projects and project tasks, which makes it possible to automatically associate inventory transactions with relevant project tasks.
Improved MS Exchange Integration
Synchronization with Microsoft Exchange Server has been significantly enhanced. The integration has been optimized to reduce the workload on the database servers. As a result of this optimization and the addition of multiple synchronization options, the integration has and improved in speed and flexibility.
Extended Mobile Applications
(mobile apps can be downloaded from the Android of Apple Stores)
The Acumatica mobile app is an out-of-the-box solution that empowers your employees to access Acumatica ERP from mobile devices to enter and submit their expenses and manage their work documents. The mobile application includes applets, which are versions of Acumatica ERP data entry forms that have been tailored to mobile devices. The Acumatica mobile app is available for iOS and Android mobile devices. The mobile app provides real-time access to your Acumatica ERP instance and supports automatic data synchronization. The functionality of the Acumatica mobile app has been significantly extended for Version 5.3.
The Acumatica mobile application includes new applets for the following Acumatica ERP forms:
- Business Accounts
- Projects
- Project Tasks
- Equipment Time Card
- Transactions
- Sales Orders
- Purchase Orders
- Purchase Receipts
- Purchase Requests
- Requisitions
With the extended functionality of the Acumatica mobile application, users can do the following:
- Add prospective customers, create opportunities for contacts and prospects, and enter sales orders
- View and create projects and project tasks, and specify billable time for equipment used for projects
- Add and release cash transactions
- Create requests, requisitions, and purchase orders and submit these documents for approval
- Create purchase receipts and assign them to the appropriate employees for processing
Other Enhancements
- Workflow Changes
- Usability Changes
- User Interface Changes
- Performance Enhancements
- Bug Fixes
