Staying Ahead with Acumatica 2024 R2

At Acumatica, we’re known for putting customers first and for continually innovating our award-winning ERP solution. We’re committed to equipping small and mid-sized businesses (SMBs) like yours with the tools, resources, and support you need to thrive in today’s competitive business landscape.

Our commitment to customer success through innovative technology can be seen in our release of impactful updates twice a year. Every release is predicated on our customers’ real-world needs and backed by Acumatica’s unending investment in technology advancements that enhance agility, efficiency, and security.

Acumatica’s highly anticipated second release of the year—Acumatica 2024 R2—is no exception.  To experience the hundreds of enhancements and to benefit from the latest innovations, we make it easy for customers to transition from older versions of our ERP solution to the new release.

New Industry Functionalities: Meeting Your Needs

Acumatica 2024 R2’s more than 350 enhancements stem from direct input from our over 26,000 Acumatica community members. The customer-centric improvements are designed to help SMBs with their unique challenges and to take advantage of emerging AI and machine learning technologies that seek to make information gathering more intuitive and natural.

Says Acumatica’s VP of Product Management, Jeremy Larsen, “In the R2 release, we prioritized the product roadmap and delivered value across three major themes: Customer-Driven Innovation, Advancing Technology, and Engineered for the Future.”

Here’s how these themes translate to Acumatica’s Industry Editions:

Construction Edition: On-demand ProForma invoice creation, substantiated billing, additional project quote statuses, enhanced field services calendars and expanded project transaction tagging simplify billing processes and improve cash flow management.

Distribution Edition: Sales Order Margin Analysis Anomaly Detection uses advanced AI algorithms to detect patterns and anomalies that traditional methods miss. Other enhancements include consolidated intercompany shipment capabilities, two-step receiving, prepay terms, the recreation of deleted purchase orders and improved purchase price variance approval mapping.

Manufacturing Edition: Enhancements in the estimating module, including a new Estimate Worksheet, will enable manufacturers to estimate costs for multiple quantities, improving accuracy. Simplified order reversal, project-specific inventory tracking and production order linking will streamline critical business management processes.

Retail Edition: Acumatica now supports Amazon returns, and its Shopify integration allows volume pricing and quantity rules.

General Business Edition: Direct integration with banks to automate reconciliation and expense management, saving time and reducing errors.

In addition to these significant industry-specific updates, Acumatica 2024 R2 delivers the controlled release of our newly revamped User Interface (UI), which allows users to easily customize, simplify, and share screen layouts. We’re also introducing a general inquiry functionality that lets you leverage AI to identify exceptions or anomalies in transaction reviews.

Why Upgrading to Acumatica 2024 R2 is Crucial

As new versions of a business software solution are released, older versions are then phased out.  This process is fundamental to ensuring that users get the best and most secure experience from their technology.  So, as older versions of Acumatica phase out, updating with Acumatica 2024 R2 is crucial to your success. In addition to providing new and exciting features, updating also offers:

Enhanced Security That Protects Your Business Assets

We know that your business data is valuable, that’s why at Acumatica we take security very seriously. We are constantly monitoring for potential threats and with our latest release, we are providing even stronger protection. You can focus on growing your business, knowing your data is in safe hands with Acumatica.

A Competitive Edge That Helps You Stay Ahead in a Tight Market

Staying ahead of competitors requires having efficient operations, great collaboration within your organization and providing great experiences for your customers. Your competitive advantage is enhanced by leveraging the latest innovations and features in the most current product release.

Agility and Growth Through Updating as Best Practice

An agile, growing business adapts to change, opportunities, and challenges easily and efficiently. This agility is possible when teams work with the same accurate, real-time information from a comprehensive platform. The adoption of regular solution upgrades as best practice ensures that your business maintains flexibility, driving short-and-long-term success.

Being Current Ensures Best Support

In order for Acumatica and its ecosystem of partners to best support customers, we focus on supporting the latest releases and phasing out or retiring older product releases.  This support is vital to ensuring your solution remains secure and backed by our value added reseller (VAR) partners with industry and technical expertise as well as by Acumatica’s support and services team.   Our Acumatica 2023 R1 release is scheduled to “retire” at the end of November.  To get this level of security and support, as well as all the new enhancements and innovations, customers should work with their VARs to upgrade to a supported release before these versions are retired.

Equity in Innovation: Upgrade to Acumatica 2024 R2

When you choose Acumatica, you’re not just buying software, you’re investing in the future of your business. With our twice-yearly updates you are constantly building equity in innovation.

Here is how: maximize your investment. Regular enhancements mean you are getting more value from our solution over time. Future proof your business- As your business grows and evolves, Acumatica grows with you, adapting to your changing world.

“I liked that Acumatica continues to move forward in releasing new versions twice a year, and that they really listen to their customers,” says Acumatica customer Keith Ford, President, Eagle Fence Distributing. “They are moving in the direction that their customers want them to go, not where an executive behind a desk wants to go. Acumatica’s mindset is ’here are the resources we need to add to make our customers successful.’”

Customer success through innovative technology is our promise, and together, we can build the future of business. We encourage you to reach out for assistance with the update process as well as to learn more about Acumatica’s ‘Always Current’ Program, which enables SaaS customers to upgrade to the current release automatically.