The Acumatica 2024 R2 release is a powerful solution built to empower business excellence in today’s digital landscape. With over 350 enhancements driven by insights from Acumatica’s vibrant community of over 26,000 members, the Acumatica 2024 R2 release reinforces its commitment to transforming the ERP landscape.
Acumatica sets a new standard with modern, future-ready solutions that leverage cutting-edge technology and innovative practices, delivering exceptional value in three crucial areas:
With Acumatica 2024 R2, you will experience substantial benefits across all industry editions, prioritizing time savings and error reduction.
Our expert ERP consultants at GerminIT have meticulously compiled the latest features in Acumatica Cloud ERP Software Version 2024 R2, ensuring you have the tools needed to succeed. Key enhancements in the Acumatica 2024 R2 release include:
Acumatica 2024 R2: Highlights
Acumatica 2024 R2 delivers a powerful suite of new and enhanced features into core accounting and finance that will significantly improve your operations. Here’s a concise overview of the key updates:
Direct Integration with Banks
In previous versions, Acumatica ERP enabled bank integration through Plaid or MX bank feeds, but some banks provided transactions only in file format. With Acumatica 2024 R2, Acumatica has streamlined this process by allowing users to directly load bank transactions from a file in a Secure File Transfer Protocol (SFTP) folder. This enhancement ensures a more efficient and reliable way to manage your bank transactions.
Matching Debit Adjustments
Acumatica introduces a powerful new feature that allows you to seamlessly match a receipt bank transaction with a debit adjustment on the ‘Match to Invoices’ tab within the Process Bank Transactions form. This enhancement significantly improves your workflow and was not available in previous releases.
Export Bank Transactions to Excel
Acumatica has added an ‘Export to Excel’ button to the toolbar of the Process Bank Transactions form. This feature empowers you to export selected bank transactions to an Excel file with ease while reconciling your bank statements. This capability is particularly useful for exporting unmatched bank transactions, allowing you to efficiently share them with colleagues for further investigation.
Acumatica 2024 R2 brings powerful new features that redefine the construction industry experience. With enhancements like on-demand pro forma invoice creation, improved substantiated billing reports, streamlined project quote workflows, and expanded tagging capabilities for project transactions, this release sets a new standard for efficiency and clarity. Here’s an in-depth look at these significant updates in the Acumatica Construction Edition:
On-Demand Pro Forma Invoice Creation
In previous versions of Acumatica ERP, the creation of pro forma invoices for projects was limited to the billing process. Users could manually generate pro forma invoices only when migration mode was activated for their projects. With the launch of 2024 R2, this has changed. Now, users can effortlessly create pro forma invoices directly from the Pro Forma invoices form, without regard to migration mode. This functionality empowers Acumatica ERP users to independently enter and modify pro forma invoices outside of the established billing schedule, allowing for the easy inclusion of unplanned ad hoc expenses within the project budget.
Improved Substantiated Billing Reports
Acumatica’s substantiated billing reports have been significantly upgraded to enhance the selection and filtering of cost transactions included in the report. These reports now feature line-level attachments in the prepared PDF, providing comprehensive supporting documentation. Furthermore, several new report parameters have been introduced, accompanied by an enhanced side panel display for linked cost transactions, ensuring users have all the information they need at their fingertips.
Enhanced Workflow for Project Quotes
The project quote workflow has received a robust upgrade, introducing additional workflow statuses and commands that enhance tracking of customer acceptance for project quotes. Users can now easily distinguish between quotes rejected internally and those turned down by the customer, streamlining the overall process and fostering better communication and decision-making. Acumatica 2024 R2 empowers construction professionals to work smarter and more efficiently.
If you’re using Acumatica ERP for managing and distributing inventory, the latest release brings powerful new features that will significantly enhance your operations:
Sales Order Margin Anomaly Detection
Acumatica 2024 R2 now champions the use of cutting-edge artificial intelligence and machine learning to effectively identify sales order margin anomalies. Its advanced AI algorithms detect patterns and highlight inconsistencies, empowering you to take informed action swiftly.
2-Step Receiving Verification
Acumatica has elevated the purchase receipt verification process to ensure absolute accuracy in item quantities. A warehouse manager or receiving clerk can confidently verify a purchase receipt confirmed by a warehouse worker and make any necessary adjustments before finalizing. This enhancement guarantees improved quality and minimizes errors across the board.
Consolidated Inter-Company Shipments
Previously, users could create a single shipment for multiple sales orders from the same customer, but inter-company sales orders generated from purchase orders lacked this functionality. With Acumatica 2024 R2, you can now seamlessly consolidate inter-company sales orders into a single shipment, streamlining your operations and boosting efficiency.
The Acumatica Manufacturing Edition boldly introduces a suite of new features and enhancements designed to significantly boost efficiency across your supply chain.
Enhanced Project Inventory Tracking for Production
Production workers now enjoy unparalleled visibility into project-specific materials available for manufacturing, coupled with superior tracking of transactions tied to each project.
Streamlined Production Order Linking
With the new “Related Production” tab added to the Production Order Maintenance form, Acumatica users can effortlessly evaluate parent and child orders in a unified view, optimizing their workflow.
Powerful Enhancements to the Estimate Worksheet
Acumatica empowers manufacturing sales engineers to create precise quotes featuring multiple price points for varying quantities—all within a single screen. This game-changing feature eliminates the hassle of managing numerous estimates, creating revisions, or relying on external applications. Additionally, sales engineers can easily input detailed cost overrides for each quantity, adjust markup percentages and lead times, and review all price points at a glance.
Discover the powerful new features added to the Acumatica CRM component, designed to enhance sales and customer management:
Case Commitment Inquiry
Acumatica’s new case commitment inquiry forms empower you to effectively analyze your service team’s adherence to case commitments outlined in service-level agreements (SLAs) with customers.
Case Response and Resolution Time Inquiry Forms
The advanced Case Response Times and Case Initial Response Times inquiry forms provide precise tracking and display of response time statistics, enabling you to elevate customer service and satisfaction levels. Furthermore, the innovative Case Resolution Times Inquiry Form efficiently monitors resolution times. It confirms whether case resolutions were delivered by the due date, complete with essential fields such as “Solution Provided On.” With these robust features, Acumatica CRM equips you to drive exceptional customer experiences and operational excellence.
Exciting Enhancements in Acumatica 2024 R2
Acumatica has announced a range of powerful new features in Acumatica 2024 R2 that will elevate your ERP experience:
New User Interface (Controlled Release)
Acumatica is set to unveil a groundbreaking new user interface (UI). The 2024 R2 release includes a controlled release of this innovative UI, with general availability expected in 2025.
Improved User Guides
Acumatica has significantly enhanced the content and structure of our user guides and documentation for Acumatica ERP, ensuring that you have the best resources at your fingertips.
Mid-Period Compensation in Payroll
The Payroll feature now expertly handles compensation calculations for salaried employees who are hired, terminated, or experience pay changes mid-pay period, providing you with greater flexibility and accuracy.
Acumatica Retail Commerce
The Acumatica eCommerce platform in 2024 R2 streamlines Amazon returns, exchanges, and refunds, making your processes more efficient. It now supports volume pricing and quantity rules at the price list level for seamless Shopify integration. These enhancements reflect our commitment to delivering superior ERP solutions and ensuring our users have the tools to succeed.
Let’s make your Acumatica experience a smooth and productive one. Book your consultant today at info@germinit.com
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solutions for clients across the US, UK, Middle East, Australia, Asia, and Africa, we bring complete
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competence, third-party support add-on development, and product customizations.
GerminIT will support your business with the best-in-class Acumatica and Sage X3 customization and
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Intelligence | POS | WMS | Payment Gateway, and mobile add-on solutions.
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