Acumatica 2024 R1 Release!

Have you heard the news?! Acumatica 2024 R1 is officially available as of Wednesday, March 20th. The first of Acumatica's 2024 biannual product updates release includes updates to their Retail, Distribution, Construction, and Manufacturing Editions, as well as the cloud ERP's Core features and Developer updates.

Acumatica 2024 R1 Feature Review: Core Features

Like every biannual product update the cloud ERP publisher releases, Acumatica 2024 R1 delivers on their promise to provide customers and partners with an intuitive, innovative, and industry-specific business management solution. This year's core features enhancements include:

• Advanced case commitment tracking and a flexible case closure workflow to ensure stellar customer service
• A 360-view of project details provided by automatically updated projects with associated activities and related tasks
• Streamlined point-of-sale (POS) payment transaction processing utilizing Acumatica Payments directly from the Acumatica solution
• Optional or required approval and rejection reasons for financial transactions, such as invoices, bills, adjustments, memos, and payments
• Simplified cash returns by generating cash return transactions included in bank deposits
• Improved payment accuracy, receivable reporting, and cash flow forecasting

Acumatica 2024 R1 Feature Review: Retail Edition

With an emphasis on improving loyalty programs, "omni-experience", and individual engagement with consumers, retail businesses are required to utilize data from critical areas of their business like inventory and order management. Acumatica 2024 R1 provides an easier way to gather, store, analyze, and report on such data possible. The latest Acumatica Retail Edition provides:

• Enhanced *bi-directional* sync for Products via Shopify and BigCommerce
• In-store exchanges via #ShopifyPOS and Acumatica
• Native integration with Amazon - I will do a deep dive into how we are handling statement reconciliations, tracking FBA inventory, protecting buyer data and a general overview.
• Distribution Requirements Planning (DRP) - new inventory optimization tools
• Enhancements for returns management

Acumatica 2024 R1 Feature Review: Manufacturing Edition

If you're in the Manufacturing industry you know the struggle of an unstable economy, chaotic supply chain, labor shortages, and the growing need to modernize facilities. Luckily, Acumatica has taken that all into consideration with their latest release, enabling manufacturers to operate efficiently and competitively.

• Forecasting optional stock and non-stock kit components provides improved material demand planning
• Flexibility for workers to report production operations when they are run in parallel
• Optimized MRP generation enable organizations to define time-constrained data for inclusion in supply and demand calculation with 'planning horizons'
• Improve MRP and DRP by excluding returns and other types of orders from inventory planning calculations

Acumatica 2024 R1 Feature Review: Distribution Edition

Like the manufacturing industry, the distribution industry has also been facing ongoing economic, labor, and supply chain challenges. To ensure smooth and effective operations, Acumatica 2024 R1 provides:

• Time-phased purchase orders, kit assembly, and warehouse transfer recommendations
• An enhanced integration between Acumatica and 3G Pacejet providing transparency for shipment data, including hazardous materials, PRO bill number, delivery instructions, non-standard containers, and other packaging and shipment information with no need for separate customization
• Expedited return material authorization (RMA) processes with improved document searches using invoice and line details
• Improved warehouse management activities with bidirectional picking and aggregated quantities for pick lines

Acumatica 2024 R1 Feature Review: Construction Edition

High interest rates and inflation continue to plague construction, project, and service industry bottom lines along with labor and material shortages and project delays. Acumatica's comprehensive business management solution enables these companies to become efficient and profitable by providing:

• Timely vendor payments and increased billing accuracy with a new pro forma invoice side panel
• Faster, simpler GL account reconciliation of the corporate credit card by allowing users to enter and process negative expense receipts to make a full or partial refund
• A streamlined workflow for previously closed and released accounts receivable documents, ensuring accurate and efficient handling of pro forma invoice corrections
• Improved project budget updates by project transactions, where budget rules no longer depend on the transaction source and GL account type

Acumatica 2024 R1 Feature Review: Developer Features

• Use Generic Inquiry results to calculate rations and improve reporting flexibility
• Faster workflow processing with simplified no-code workflow creation with new sequential actions independent of conditions
• Create formula-based conditions and triggers to create actions and notifications, allowing for improved business events 
• Enhance the mobile experience for users with new image thumbnail support for lists on mobile screens.
• Access multilingual reports via REST APIs
• Define security access to new system objects during the object publication process to minimize security risks and streamline system customization processes

Ready to learn more about Acumatica 2024 R1? Click here to attend the Feature Review!

"This release not only delivers essential enhancements businesses need today but will also help our customers reimagine how they operate and compete in today's dynamic and increasingly interconnected markets."

Ali Jani
Chief Product Officer | Acumatica

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