3 min read

Acumatica 2024 R1: Unlocking Growth Through Aesthetic Innovation and Cross-Industry Collaboration

In the rapidly evolving world of business solutions, Acumatica has remained at the forefront by consistently delivering innovative and customer-driven updates to its global cloud ERP software. Acumatica 2024 R1 empowers mid-market businesses to grow, scale, and drive efficiencies. The new features and enhancements in the 2024 R1 product release showcase aesthetic innovation through top-notch, user-centered design that delivers personalized experiences. The company unveiled the key features and enhancements at the annual summit event and highlighted the impact they will have on various industries and the overall user experience. 

Redesigned User Interface for Enhanced Usability

One of the standout features of Acumatica 2024 R1 is the redesigned user interface (UI). Acumatica has invested considerable effort into enhancing the usability of their platform, ensuring that users can navigate the system effortlessly and accomplish tasks more efficiently. The new UI features a fresh design, improved controls, and enhanced customization options, making it easier than ever for businesses to personalize their workflows and optimize their user experience.

To provide users with a glimpse of the future UI, Acumatica has made a public preview available in the 2024 R1 release, with a controlled release anticipated later in the year. This phased approach allows users to gradually experience the new UI and provides Acumatica with valuable feedback to further refine and improve the interface.

Cross-Industry Capabilities for Growth and Adaptability

Acumatica recognizes that industry lines are blurring, presenting unique opportunities for businesses to expand their reach and attract new customers. Acumatica showcased a range of new cross-industry capabilities that are relevant to companies across various sectors and those operating within specific industries.

The 2024 R1 release introduces several advanced features and functionalities that empower businesses to excel in their respective domains. Let's take a look at some of the most relevant product improvement updates in 2024 R1 you should know about.

Parallel Operations in Manufacturing

Manufacturers can now leverage the flexibility of reporting parallel operations in Acumatica 2023 R1. This functionality enables businesses to manage production orders more efficiently by reporting operations out of sequence and simultaneously handling multiple operations. With the ability to adapt to changing production needs, manufacturers can optimize their workflows and improve overall operational efficiency. Acumatica’s Manufacturing Software also features automated backward reporting, and enhanced inventory planning regeneration in the MRP process with the inclusion of kits and components, which helps businesses effectively plan and manage their manufacturing operations.

Powerful Financial Management

The most recent release of Acumatica ERP introduces an AP Bill Link in Proforma, which offers a new side panel for AP Bill selection. This feature allows users to easily view attached transaction images, ensuring timely and accurate vendor payments and significantly improving billing accuracy. Another essential feature was added to the Financial Management software to prompt the approver to explain the reasons for approval or rejection on financial forms. With feature-independent ability to apply cash discounts to taxable amounts, support for level 2 data transmission for credit card payments, and enhanced cash purchase processing functionality, and other improvements, businesses can enhance their financial operations and make informed decisions promptly. 

Distribution Requirements Planning (DRP) for Dynamic Inventory Management

For non-manufacturers, particularly distributors, Acumatica 2024 R1 introduces access to distribution requirements planning (DRP) functionality. This feature helps businesses manage inventory supply and demand effectively, enabling efficient planning for kitting with material requirements planning (MRP) and DRP. With better inventory control, distributors can enhance customer satisfaction and ensure seamless order fulfilment.

Acumatica's Inventory Software has modernized invoice processing workflows for RMA orders with smart features to efficiently manage the complex process of inventory returns and reverse logistics to enhance customer satisfaction and boost profitability.

Enhanced Managed Sales Allocation Process

In response to customer feedback, Acumatica has enhanced the Managed Sales Allocation process in the 2024 R1 release. This improvement delivers greater control and flexibility over the order allocation process, benefiting distributors. With consolidated views of allocations, enhanced selection criteria, and improved handling of backorders within the same system, businesses can optimize their sales processes and improve customer satisfaction.

Seamless Integration with Amazon 

Acumatica's commitment to providing comprehensive solutions is further exemplified by the general availability of Amazon integration in Acumatica 2023 R1. This integration includes additional features such as "Fulfilled by Amazon (FBA) inventory reconciliation" and "Amazon statement reconciliation." By seamlessly connecting with Amazon's platform, businesses can streamline their operations and ensure the accuracy of Amazon transactions.

Embracing the Power of Data and AI

With the prevalence of data in today's workplace, businesses face both challenges and opportunities in harnessing its potential. Acumatica acknowledges the need for better approaches to data management and decision-making, and their product roadmap includes the integration of Artificial Intelligence (AI) capabilities to address these emerging needs. By leveraging AI technologies, Acumatica aims to bring relevant data to users' fingertips more quickly, accurately, and reliably, enabling businesses to make data-driven decisions with confidence.

Enhanced Email Experience

Acumatica CRM's new email configuration significantly enhances the email experience with mailing settings. The new feature in the CRM lets you streamline task workflows, automate return order notifications, and enhance form updates to improve your sales funnel and business processes.

Enhancements in Other Modules

  • Field Service Management: Invoicing reversal feature allows you to reverse SO invoices originating from service documents.
  • Platform and System Administration: Changes in the management of access rights and support for dialog box values in business events.
  • Integration Development: Migration to .Net Core and support for JWT bearer tokens for client authentication.
  • Web Services: Enhanced retrieval of localized reports through the REST API. 
  • Workflow: Support of action sequences in both UI and API.

Acumatica's commitment to customer-driven innovation is clearly evident in the release of Acumatica Cloud ERP 2024 R1. With a redesigned user interface, advanced cross-industry capabilities, and a focus on industry-specific needs, Acumatica continues to empower businesses to thrive in today's digital economy. With Acumatica 2024 R1, organizations can embrace the future of cloud ERP and drive their growth and success.

Contact Kensium's team of Acumatica experts to learn more about upgrading to Acumatica 2024 R1 and take advantage of the latest features and capabilities, security updates and technical support.

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