No ERP system, regardless of its scope and strength, can meet every need for every customer. However, a top-notch, customer-focused platform should seamlessly integrate with other software, allowing for customization to suit each customer. Acumatica is designed with open APIs, enabling users to add other modules and software solutions, tailor the system, and fine-tune it to their specific requirements.
Today, we’ll explore three key business areas where Acumatica add-on features can be particularly beneficial: financials, data analysis, and communication.
Financial Management
Managing financial information is crucial for any business. Accurate financials provide insights into your company’s performance, monitor cash flow, meet audit and tax requirements, and prevent issues before they arise. The following modules are designed to enhance your financial management capabilities:
- Fixed Asset Management: Fixed assets are a vital source of capital, but they need to be properly tracked to maintain their value. This module offers a comprehensive view of your fixed assets, allowing you to easily add new assets, calculate depreciation, and track tax and reporting scenarios. You can manage the entire asset lifecycle, from acquisition to retirement, without time-consuming manual processes.
- Accounts Payable / Accounts Receivable: These applications are a centralized solution for managing cash flow. You can track invoices, process credit card payments, handle payments in multiple currencies, maintain audit trails, accept prepayments, match source documents to invoices, automatically calculate taxes, and more.
- Payroll Management: Payroll can be error-prone, time-consuming, and costly if not handled properly. Acumatica’s Payroll Management module eliminates payroll headaches. You can quickly set up, modify, and report on payroll anytime, from anywhere. You can also create pay groups for different pay period schedules, set up employee classes, access automatically updated tax rates, track overtime and benefits, manage paid time off balances, and stay compliant with government regulations.
- Project Accounting: Managing financials for multiple projects can be challenging, but Acumatica Project Accounting provides instant, company-wide visibility. You’ll have a complete view of materials, labor, services, and inventory costs, and you can manage quotes and compare budgets with ease.
- Bank Feed Software: Working with financial institutions can be difficult due to varying rules, regulations, and requirements. Manual data reconciliation is prone to errors. Acumatica’s bank feed software connects to over 14,000 financial institutions and automates cash flow operations. You can schedule bank feed imports for various accounts, connect to multiple banks, assign different import schedules, and use customizable dashboards and reports to identify transactions that need attention.
Data Reporting and Analytics
Data and the reports derived from it are essential tools for a modern business. Making decisions based on inaccurate or outdated information is risky. Instead, consider this toolkit:
- Reporting, Dashboards, and Data Analysis Toolkit: To navigate the competitive marketplace, you need to analyze trends and assess the health of your business at a glance. This collection of resources includes a full set of essential reports that can be used out-of-the-box to access real-time data from Acumatica. You can also easily customize these reports or design entirely new ones to get the information you need exactly when you need it.
Effective Communication
A business’s success relies on the people involved—both externally and internally. Clear and accessible communication channels ensure problems are addressed, expectations are set, and everyone is aligned. Acumatica is designed for people management.
- Acumatica CRM: Acumatica CRM helps companies turn satisfied buyers into loyal customers. Today’s consumers expect fast, responsive service, a personalized customer journey, and a consistent experience across all interactions with your brand. Acumatica’s CRM software makes it easy to build strong, lasting relationships with your customers. It keeps all customer data at your fingertips, offers a self-service portal, provides sales and support automation features, and helps you manage leads and boost conversions. Acumatica CRM also offers powerful case management capabilities, allowing you to quickly retrieve data for individual cases, manage returns and complaints, and prioritize workflows based on case severity and escalation paths.
- Acumatica Gmail or Outlook Integration: These integrations facilitate company-wide communication. To keep the business running smoothly, employees need to communicate easily with each other, vendors, external stakeholders, and customers. These applications allow users to create service and sales orders, contacts, contact classes, opportunities, and leads directly in their Gmail or Outlook accounts and instantly synchronize that data with the Acumatica system.
Acumatica is one of the most comprehensive and forward-thinking ERP systems on the market. Its extensibility allows it to be tailored to the needs of any business, pushing the boundaries of what is possible for a modern ERP solution. Acumatica’s enhancements can help transform your organization into a streamlined, efficient, agile competitor in the digital world.
Unsure Which Acumatica Add-Ons to Choose? We Can Help!
If you aren’t sure which add-ons make the most sense for your business, we’re here to help! We can implement, integrate, and customize your Acumatica solution in a way that best fits your business’s unique needs. Contact us or schedule your free consultation today to get started!