Acumatica 2024 R2: What’s New and Why It Matters

Acumatica helps small and mid-sized businesses (SMBs) thrive in today’s fast-paced world by delivering tools and innovations that matter. Their twice-yearly updates are at the heart of this commitment. These aren’t just upgrades; they’re responses to real-world needs, designed to enhance agility, boost efficiency, and ensure security. And with the release of Acumatica 2024 R2, they’ve done it again, packing the update with over 350 enhancements inspired directly by their customers.

If you’re considering moving to the latest version, here’s everything you need to know—and why staying current is so essential.

A Customer-Centric Approach to Innovation

Every update they release is fueled by feedback from their community of over 26,000 users. This collaborative approach ensures Acumatica evolves in a way that addresses the biggest challenges while leveraging emerging technologies like AI and machine learning to make day-to-day operations smarter and smoother.

So, what does this look like in practice? Let’s dive into the industry-specific highlights of Acumatica 2024 R2.

Industry Editions: What’s New

Here’s a quick look at some of the standout features tailored to different industries:

Construction Edition: ProForma invoices are now easier than ever with on-demand creation. Additional project quote statuses, better field service calendars, and expanded tagging simplify billing and cash flow management.
Distribution Edition: AI-driven Sales Order Margin Analysis Anomaly Detection uncovers patterns and anomalies traditional methods might miss. Plus, intercompany shipment capabilities, two-step receiving, and streamlined purchase order recreation take efficiency to the next level.
Manufacturing Edition: The enhanced Estimate Worksheet allows for more accurate cost estimation across multiple quantities. Project-specific inventory tracking and simplified order reversals help manufacturers stay on top of operations.
Retail Edition: With support for Amazon returns and new Shopify integration features like volume pricing, managing e-commerce just got a whole lot easier.
General Business Edition: Bank reconciliation is now a breeze with direct bank integration. Automating expense management means less manual work and fewer errors.

And that’s not all—the newly revamped User Interface (UI) makes customization and navigation intuitive, while AI-driven tools like anomaly detection in transaction reviews keep your processes running smoothly.

Why Upgrading to Acumatica 2024 R2 is Important

You might be wondering: Why should I upgrade?

Here’s why:

1. Stronger Security

Your business data is priceless, and so is its protection. Acumatica 2024 R2 includes advanced security updates to keep your information safe from evolving threats. Rest easy knowing your data is in good hands.

2. A Competitive Edge

In today’s tight markets, efficiency and innovation can make or break a business. By adopting the latest features, you’re not just keeping up—you’re staying ahead. From streamlined operations to exceptional customer experiences, the newest tools can give you the edge you need.

3. Built-in Agility

Adaptability is key to long-term growth. Acumatica helps your team stay flexible by providing a unified platform with real-time, accurate information. Regular upgrades ensure you’re always ready to pivot when opportunity—or challenge—strikes.

4. Best-in-Class Support

To deliver the best support, Acumatica focuses on maintaining the most recent releases. For example, older versions like Acumatica 2023 R1 will be retired at the end of November 2024. Updating ensures you continue to receive expert assistance, robust security, and access to new features.

Building Equity in Innovation

One of the best parts about being an Acumatica customer? Your investment grows over time. Twice-yearly updates mean your ERP is always improving, helping you future-proof your business and maximize ROI.

Ready to Upgrade?

If you’re already an Acumatica customer, upgrading to 2024 R2 is straightforward, especially through their Always Current Program for SaaS users. This program ensures you’re always on the latest version, so you can focus on growing your business, not managing software updates.

Not sure where to start? ASI is here to help. From guiding you through the update process to tailoring the new features to your unique needs, we’ve got you covered. Acumatica is committed to helping you succeed through technology that evolves with your business and so are we. The 2024 R2 release is packed with tools and enhancements designed with one goal in mind: to make your business stronger, smarter, and more secure.