Acumatica is our main accounting software that we use to record bank transactions, general ledger entries, produce financial statements as well as the AP module that allows our dept and end users submit bills for payments to our customers and vendors
Pros
Speed of use is outstanding, no more waiting for reports to generate
Allows for direct data feed from our bank
Saves time by allowing customizations to certain repeat processes
Cons
Adding an end user is sometimes confusing
Approval workflows for accounts payable
Integrations with Concur software are clunky
Likelihood to Recommend
Ease of use with requesting payments to customers and vendors. Production of financials with no issues. We do not use it for AR (CRM)
It has flexibility and adaptability as our business has been growing and the demands to digitalise all departments within the organisation. For example, our organisation structure consists of multiple entities and agencies similar to franchisee so being able to either create multiple tenants or multiple companies and branches within the tenant really helps for consolidated and intercompany reporting.
Pros
Integration
Customisation
Cons
Minimise number of screens or clicks to complete a task or process
Premier Computing uses Acumatica to track its financials and implementation projects and budgets. We are a VAR and sell and implement other clients as well. We use it in AR and AP, Project Accounting and other modules.
Pros
General Search - if you forget which workspace a particular screen is in, you can do the general search.
Generic Inquiries are particular helpful on being able to assimilate and use and export data. Having some control to select tables and fields and pull them together into usable data is imperative for good business decision making.
It is great that Acumatica offers a platform in which it is easy to attach an API or other customizations relatively easily.
Acumatica does a good job with future proofing the technology when it comes to upgrades. Because there are reasonable incentives to upgrade every year, there is no excuse for not upgrading and staying in a current version that Acumatica can and will support.
Cons
It may have been resolved today with the new Configuration Tool that was released today. But adding user fields and manipulating screens is very difficult with using customization projects. There needs to be a tool specifically that allows user to edit their screens and add new fields to the UI without having to publish a customization.
I deal with a lot of customers in the Construction Industry. I keep hearing that Acumatica is missing some functionality that is really helpful for a lot of construction companies. Clients I work with keep saying things like, "you would think Acumatica would have thought that this is a big part of the construction industry for most companies like ours". Allowing subprojects, combining retainage, and transparency on how to report to owners are a few to mention.
Likelihood to Recommend
I really liked one of the points mentioned in keynote today. It said that a buy in of all the stakeholders helps in making an Acumatica implementation really successful. If you have 1 person making all of the decisions for the implementation, then it tends to go badly. Companies without an IT and/or Financial expertise will not do well with using Acumatica to its full potential.
