Acumatica Announces 2024 R2 Release

Acumatica Cloud ERP has just unveiled its highly anticipated 2024 R 2 product release with over 350 new enhancements shaped by direct input from its thriving community of 26,000+ members. This update, driven by customer recommendations underscores Acumatica’s commitment and effort to modernize the ERP with landscape with future-ready solutions built on cutting-edge technology and practical innovation.

The 2024 R2 update incorporates customer recommendations that enhance usability, increase visibility into critical information and boost operational efficiency for small and mid-sized businesses. Ali Jani, chief product officer at Acumatica said, “Everything about the 2024 R2 release, including the hundreds of new features, enhancements and upgrades across the platform, focuses on customer value.” Jani went on to say, “R2 also contains the core building blocks that will allow us to further accelerate our AI and human design elements over the next few years.”

The 2024 R2 update includes the controlled release of Acumatica’s new User Interface (UI), previewed initially at Summit 2024. The new UI allows users to personalize and simplify screen layouts across their team, making everyday tasks more intuitive and collaborative.

Additionally, Acumatica introduced integration with general inquiry functionality that enables users to leverage AI to identify exceptions or anomalies in transaction reviews, bringing a new level of insight into data management.

The new release also brings key enhancements specific to each of Acumatica’s Industry Editions, including:

  • Construction Edition: On-demand ProForma invoice creation, substantiated billing, and new processes and functions for the project billing workflow.
  • Distribution Edition: The introduction of Sales Order Margin Analysis Anomaly Detection with advanced AI algorithms to detect patterns and anomalies that traditional methods miss.
  • Manufacturing Edition: Enhancements in the estimating module, including a new Estimate Worksheet, will enable manufacturers to estimate costs for multiple quantities, improving accuracy.
  • Retail Edition: Support for Amazon returns and enhancements to Acumatica’s Shopify integration, allowing volume pricing and quantity rules.
  • General Business Edition: Direct integration with banks to automate reconciliation and expense management, saving time and reducing errors.
  • A new Professional Services Edition is expected later this month. This new edition is designed to support Architects, Construction Consultants, Engineers, and IT & Computer Service Providers & Consultants.

“At Acumatica, we’re committed to continuous innovation, ensuring our solutions are always a step ahead in the ever-changing technology landscape,” said Jani. “From day one, we designed Acumatica to be adaptable and technology agnostic, so our customers always have a modern, powerful platform at their fingertips. With technological advancements embedded in 2024 R2, it’s the perfect time for customers to benefit from the latest advancements and future innovations we have in store.”

You can watch the launch video to experience these advancements firsthand and see how Acumatica 2024 R2 can transform your business with its latest innovations and user-focused design. For details on each Industry Edition’s new features and enhancements, please visit the 2024 R2 Release website.

Disclosures:

Acumatica, as used herein, refers to one or more registered trademarks of Acumatica, Inc., a privately held, multi-national corporation headquartered in Kirkland, WA (USA). Since 2019, Acumatica has been held by the private equity firm EQT of Stockholm, Stockholms Lan, Sweden. 

Acumatica Cloud ERP is a comprehensive business management solution that was born in the cloud and built for more connected, collaborative ways of working. Designed explicitly to enable small and mid-market companies to thrive in today’s digital economy, Acumatica’s flexible solution, customer-friendly business practices and industry-specific functionality help growing businesses adapt to fast-moving markets and take control of their future.

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