Release Date: 2008
WHAT IS ACUMATICA?
Acumatica is an ERP developed for small and medium businesses. It allows businesses choice in how the ERP is set up. From Software as a Service (SaaS) which prevents the need for significant investment in on site servers, through to On-Premise software, or even contracting with a third party hosting provider who will do the leg work in terms of server investment.
Acumatica has in-built workflows to enable fast implementation and best-in-class processes. It can also be integrated with existing business software to produce a seamless user experience. Acumatica has developed a number of “editions” tailored around industries which contain different modules to suit your businesses needs. From the “General Edition” which includes Financial Management and Project Accounting, CRM and Reporting and Analytics to more industry specific module sets such as “Distribution”, “Manufacturing” and “Retail E-Commerce” which integrates customer experience across channels – online, in store, mobile and kiosk.
Acumatica ERP is slightly different in terms of pricing structure to some of the other more traditional ERP’s we have reviewed, which can at times confuse organizations, particularly those who are inexperienced in the ERP market.
MODULES & FEATURES
PROS & CONS
Modules & Features List
Financials & Accounting
The Financial Management module provides a number of typical accounting and finance processes, which work together seamlessly with the other elements of the ERP to manage your organizations daily financial operations and consolidate information into monthly and quarterly reporting.
The project accounting suite enables an organization to track project costs, manage quotes, undertake budgeting and billing, and perform time and expense management. It is fully integrated with the General Ledger, Accounts Payable and Receivable and other modules within Acumatica’s software.
Customer Management or Customer Relationship Management (CRM) is another element available within the Acumatica suite. The CRM enables your organization to view all customer records, consolidated, in one place.
The Manufacturing Management module provides the data and workflows needed to plan and manage manufacturing operations and works seamlessly alongside other modules, particularly Financial Management and Distribution Management.
Utilizing the Distribution Management suite provides both Inventory and Order Management, giving control of distribution throughout your organization and enabling existing manual or multi touch processes to be turned into ‘one click’ or automatic work flows.
The Service Management module is industry specific, and provides control over ‘in the field’ services and real time communications with customers on ticket progress. The module can be used for the full cycle of service management.
Pros & Cons
Acumatica is used by companies in various industries, including:
Acumatica offers a lot of functionality that can help professional services firms including integrated financial management & accounting, deep project management, billing, customer relationship management and more.
A service based industry in Acumatica’s ERP encompasses both small service based jobs through to complex, long term projects. The services suite enables visibility of the full customer requirement, management of the service and integration with other ERP elements to enable evidence and data based decision making and analytics.
As business increasingly become omni-channel and multi channel, the retail suite covers all aspects, improving how the in store customer experience is managed, through to delivering the full cycle for online purchases. The retail suite works seamlessly with a number of front end providers - read more about the key benefits and features of ERP for ecommerce.
Acumatica is an ERP solution that retail ecommerce stores can use to manage core business operations including finance, operations, supply chain, and human capital management.
Retail & Ecommerce
For online or physical retail businesses looking for an integrated view of all financial and operational data. As such it provides strong capabilities for billing, revenue recognition and professional services automation. This allows tech businesses to manage the whole quote to cash process as well as project fulfilment.
Align every aspect of your operations to the needs of modern consumers. Anticipate, plan, and manage demand to deliver the consumer goods and products shoppers crave.
With a dedicated ‘Manufacturing’ edition of the ERP, Acumatica has developed the software to enable end to end management of the manufacturing process alongside integration with financials and other elements of the ERP. The manufacturing module can track production, materials management and inventory.
Combining manufacturing expertise, micro-vertical functionality, and modern technologies, our solutions help industrial organizations of any size transform even the most complex manufacturing processes into a competitive advantage.
Acumatica helps you to meet customer demand and develop new revenue streams by shrinking supply chain costs, speeding time to profit, shortening cycle times, and minimising scrap and rework.
The construction edition can be tailored to both small residential users, through to complex land developers and sub-contractors. Due to the mobile nature of the ERP which can be utilized on mobiles and tablets on the go, the construction edition consolidates everything needed to manage the build.
Acumatica offers a lot of functionality that can help construction businesses include integrated financial management & accounting, warehouse and inventory management, supply chain plus industry solutions for site management. Compare construction ERP solutions.
Acumatica helps to improve project control and development, manage enterprise projects effectively and streamline project lifecycle management.
Similar to manufacturing, there is a dedicated distribution edition which supports both global and localised distribution models and enables your business to scale into the ERP as it grows. The edition provides transparency and management of the full ‘quote to cash’ cycle.
Reach more customers and achieve new levels of trust with a real-time intelligent enterprise and integrated stock insight and department control using Acumatica for distribution.
Acumatica was launched in 2008, from its headquarters in Washington, USA by ERP veterans John Howell, Serguei Beloussov and Mike Chtchelkonogov. In the same year, Acumatica ERP was the technology organizations first product, followed closely in 2009 by the launch of on premise and software as a service (SaaS) versions.
Acumatica now has over 400 employees, and 6500+ customers around the globe, with offices in America, Canada, Asia, Europe and Australasia. Acumatica ERP have won awards and ratings from a number of industry bodies, including Gartner tying them for the highest rating among ERP customers.
Unlike some ERP vendors who only offer Cloud or On-Premise ERP solutions, Acumatica offer a range of hosting and licensing options:
Software as a Service (SaaS)
When deployed via SaaS your Acumatica software is hosted on Amazon Web Services (AWS), allowing you to access the software from any web browser or other web connected device, such as mobile or tablet. All infrastructure and upgrades are handled by Acumatica and you pay an annual software subscription.
Private Cloud Subscription (PCS)
With the PCS option, your software is hosted in a private cloud with a hosting provider that you choose or can be hosted on premise. The subscription fee is again annual, however with the added benefit of updates being included in the subscription cost. In this scenario it is up to your organization when updates are applied.
This is a fairly traditional method of purchase. With this option an organization purchases the software and then pays a yearly ‘maintenance’ fee to keep the software up to date. In a Perpetual purchase, the initial fee is slightly lower, as it does not include the associated hosting and cloud services costs.
Frequently Asked Questions (FAQ)
How much does Accumatica cost?
The cost of implementing Acumatica will vary from project to project. As with any ERP solution, Acumatica has it's own set licensing, implementation and support costs. So Acumatica costings are tailored to suit the requirements of their customers.
The quickest and most accurate way to understand the costs for your business is to contact a specialist software supplier. Get in touch to speak to a member of our team today.
Is Acumatica Open Source?
No, Acumatica is not an open source ERP software or framework. The code is maintained by Acumatica however custom code and modifications can be made using Acumatica's open development standard. Acumatica is therefore a very 'open' system, allowing users to customize it towards their needs.
Third Party Extensions
Like many other ERP vendors, Acumatica offers third party vendor extensions via the Acumatica Marketplace. The extensions provide a range of integrated solutions which extend the functionality of your ERP, tailored to your specific business requirements. The extensions are typically developed by Acumatica technology partners.
There are currently 200+ third party extensions available, such as:
- Warehouse management
- Advanced analytics
- Invoice processing automation
- Container tracking
- Collections management
- Property management
Acumatica offers a robust range of integrations with third party tools and extensions. These capabilities allow customers that integrate seamless with their own pre-built solutions or third party applications.
Avalara, smartsheet, Procore, BigCommerce, Shopify, eWorkplace Apps, Velixo (MS Excel integration), Pacejet, Workforce Go, SPS Commerce, Vertex.GET PRICING & DEMO
Acumatica Localization, Languages & Support
In this section we'll cover the localization packs, languages and support available in Acumatica ERP.
Acumatica claims that their ERP software can be deployed in Australia, Canada, United Kingdom, Mexico, United States, South Africa and has been configured towards local tax standards.
Acumatica currently supports English as standard.
When you choose Acumatica, you get access to 24/7 expert support. Acumatica use a multi-layered approach to support customers:
- An industry-leading VAR network
- 24/7 access to direct support from Acumatica
- A thriving online community and comprehensive training resources