Running a business today requires you to have a system that can put all the parts together, from financial management to accounting to customer service. With the staggering speed of current technology advancements, inefficiencies in a system can have a significant impact on the profitability of a business. To create a competitive advantage for your business, we want to introduce you to Acumatica Cloud ERP, one of the most popular ERP solutions today. Acumatica Cloud ERP is suitable for small and medium businesses. They are helping users make the right decisions through modular management software.
Before diving into the main content of this article, I want you to read the following sections. And ask yourself, “Are your businesses facing these difficulties or not?”
Challenges faced by your business
1. Different Software in a Single Space
In your organization, you may be using 3-4 programs concurrently to manage your resources and workflow. However, the larger your business grows, the more number of employees and tasks will be, which means you’ll have to face a number of issues as more needs must be met.
The software often works in silos, without cohesion. This results in a much slower exchange of information between departments. That in turn becomes a huge challenge, especially if your company doesn’t have the technical skills required for proper integrations.
2. Difficulty in Data Management
For growing and evolving companies, a common problem is continuous data generation. As the number of customers grows, the database becomes increasingly massive, and the staff is larger, suggesting that the data flow also needs to be managed efficiently. Besides, when too much manual data entry work is required, employees will tend to lose focus eventually; human errors are inevitable, and ultimately they could fail to achieve high performance. This leads to efficient use of time and causes process errors.
3. Lack of Interdepartmental Collaboration
Have you ever thought about the decrease in productivity due to a lack of communication between departments? The departments work independently and unconnected, creating a “bottleneck” responsiveness. That causes disruptions and delays in the work schedule.
4. Complex Inventory Management
For a regular retail company, management becomes much more complicated since all departments, locations, and employees are not able to track inventory quantities or enter the required information in real time. It takes time and effort to check inventory manually. When you are unable to deliver on time, this causes customer dissatisfaction.
Before implementing an ERP, you must know that it makes sense only if your company’s workflow is already established, but it takes too much time, resources, and effort to manage it effectively.
Because implementing an ERP in a company that isn’t ready for one will result in having an automated workflow that relies on poorly designed processes, which is of no actual help to anyone.
If your business is ready, we would like to recommend you Acumatica Cloud ERP, one of the fastest-growing business management solutions on the market at the moment.
Why is Acumatica Cloud ERP the best solution for you?
Acumatica Cloud ERP is an industry-leading, cloud-based enterprise resource planning (ERP) platform designed to help small and midsize businesses reach their organizational goals. The suite of applications includes financial management, customer relationship management (CRM), project accounting, and distribution management tools.
The extensive use of eCommerce and mobile applications has driven ERP and CRM vendors to enhance their applications by embedding those capabilities (specifically, what capabilities?) and easily adapting to the new requirements. while most legacy ERP platforms offer complicated add-ons and standalone databases to fulfill the requirement.
To overcome these challenges, Acumatica Cloud ERP helps business owners keep track of everything from accounts payable to customer service, and internal communication. Every employee is familiar with the aspects of the accounting software used in his or her department, and changing from one system to the next is reasonably easy.
You may be wondering if Acumatica is really the solution your company is looking for. Think about it. To answer this question, we have pointed out a few reasons below that Acumatica Cloud ERP deserves everyone’s attention.
What makes Acumatica Cloud ERP different?
1. The main reasons
Before diving into this section, you may have heard of the following features in a specific ERP software. But honestly, to put these features together, Acumatica Cloud ERP did such a good job. What’s exactly Acumatica doing to stand out in this competitive landscape? Beehexa will give you three core differentiators that make Acumatica special from our point of view. We won’t make you wait any longer. Let’s get started.
- The ability to access the solution from anywhere, on any device
The ability to access anytime, from anywhere is inherent in any solution delivered as SaaS. When software is delivered as a service, it is quite easy to gain access through any web browser as long as you have the appropriate credentials. Acumatica was one of the early cloud and SaaS pioneers. Similar to most, the solution was engineered to be a multi-tenant SaaS solution. But unlike those other pioneers, Acumatica has never limited its offering exclusively to SaaS, allowing Acumatica to grow more quickly than some of its early competitors that stuck exclusively with SaaS.
But today’s perceptions and preferences are quite different. We have noticed more and more of our research participants are inclined to consider SaaS and fewer and fewer are drawn to a traditional licensing model.
- License/subscribe with Multi-user access
Acumatica Cloud ERP takes an entirely different approach to the license, or rather, subscriptions. The company firmly believes in providing an unlimited subscription environment to include not only employees but also customers and partners as appropriate.
And therefore rather than counting users, it offers an enterprise-wide subscription (at different levels) based on the size of the company and the breadth of the implementation. Once in place, any and all employees within the company are allowed and encouraged to access and use the solution, and potential suppliers and customers (on a restricted basis) as well.
While Acumatica Cloud ERP is not the only vendor to provide to use this kind of model, this kind of subscription is indeed very rare. This is a huge advantage in that it removes growth limitations and encourages employee engagement.
- A connected cloud platform that aids in extending the solution without creating islands of automation
A “one size fits all” solution is not the most effective approach to meeting the needs of a wide range of businesses. No software vendor can be successful in trying to be all things to all businesses and Acumatica doesn’t try to be that. By trying to please everyone, you add complexity to the solution and you never have a complete solution for anyone. The 80-20 rule prevails. You typically wind up with an 80% fit, resulting in invasive (and sometimes expensive) customizations that build barriers to further innovation. It also causes a proliferation of disparate systems that may or may not be integrated.
Think about how you build a structure from Legos. Each Lego block is made of the same kind of material and is attached (connected) to the other Lego blocks in the same way. In many ways, they are interchangeable. But by choosing different colors and sizes, and connecting them with a different design, you can make a structure that is very unique. And once it’s constructed, if you want to change it, decoupling some of the blocks and replacing them doesn’t destroy the parts that are not affected. There is far less disruption introduced than if you had constructed it with a hammer and nails
Acumatica Cloud ERP is already one step ahead in this process, making it easier for partners to add specialized solutions to a solid core that will be used universally. Today many of these partners simply deliver these in the guise of customizations (though noninvasive). But most recently Acumatica has been encouraging them to “productize” those enhancements and leverage their own specific vertical expertise in a way that is more scalable. Indeed Acumatica has routinely engaged select partners in developing their own vertical editions.
2. Advantages of Acumatica Cloud ERP that you cannot ignore
With the above sections, you may have seen some points that make Acumatica Cloud ERP unique compared to other competitors. To clarify the above comments, we will point out the specific advantages that Acumatica can bring to you.
The Acumatica ERP platform is a scalable infrastructure with core components that run in the background so that customers can give complete attention to productivity and not technology. Here one can customize their business logic using the platform tools or a separate integrated development environment.
Powerful financial applications—simple enough for small companies and comprehensive enough for complex multinationals. Acumatica’s Financial Management has standard financial processes (GL/AP/AR) and reports used by national and international organizations, plus multi-company and inter-company accounting, fixed assets, recurring and deferred revenue, and cash management.
Acumatica’s Customer Relationship Management (CRM) is fully integrated with the other suites. Customer Management uses dashboards and reports to provide real-time data on all customer activities: quotes, orders, invoices, payments, and support cases or service calls. A self-service Customer Portal lets you give customers access to the information they need.
Deliver project objectives on time and on budget with Acumatica’s Project Accounting. Handle complex billing rules and easily calculate project revenue based on key project-specific attributes. Keep better track of costs by correctly accounting for work in progress (WIP) and change orders.
Acumatica’s Distribution Edition works together with Financial Management as a full distribution solution. From Quote-to-Cash and Purchase Requisition-to-Payment, automated processes help eliminate delays and reduce errors. Features include warehouse management, lot and serial number tracking, automated POs, discounts and promotions, and more.
Field Service Edition
Maintain a real-time view of customer activities across all your operations when field service operations are fully integrated with the back office. Streamline dispatching, reduce response times, and minimize costs with the Acumatica Field Services Edition which works with CRM, sales, inventory, purchasing, accounting, and financial reporting.
Deliver a consistent customer experience across all your sales channels with full integration between your online, mobile, and in-store service. This complete eCommerce ERP solution tightly integrates a robust eCommerce platform with Acumatica’s Financials, Sales, Inventory, CRM, and Fulfillment systems.
At this point, you probably have the answer to the question, “Is Acumatica Cloud ERP really suitable for my business?”. As an Acumatica partner, Beehexa offers full consulting, developer, and support services as well as full product implementation and integration. That could help you save time and also a lot of money. Here are some of the services you may need in the future.
- Integration with the Acumatica system
- Customize module in Acumatica
- Consulting and assistant customers
Don’t be blind to hearing about the similarities that ERP offers. Be a wise customer. Take a look at the difficulties you are facing. It is essential to perform your due diligence in evaluating different. Look at fundamental technology.
No matter how you want to deploy the solution, look for its cloud capabilities. We live in a globalized digital economy. Ask yourself the questions: Can you access it from anywhere, anytime ?. Does it make full use of the devices you already use to stay connected? And will suppliers be challenged to support you, or will they challenge you to capitalize on new, better technologies and capabilities?
The growth and growth of your business depend on how you answer those questions. We hope you will give yourself the right solution soon, and best of all, good luck!!.