Acumatica Launches Cloud xRP Platform, Enabling Software Companies to Get to SaaS, Fast

ERP and Cloud business management solutions provider Acumatica augments its product suite with a Cloud platform offering.

Acumatica, the fast-growing leader in Cloud-based Enterprise Resource Planning (ERP) and business management solutions for small and medium-sized companies (SMB), announced it has added the Acumatica Cloud xRP Platform to its product line-up.

The Acumatica Cloud xRP Platform empowers the more than 6 million .NET developers and software companies to get their solutions to SaaS, fast. The “x” in xRP represents any-sized company, anywhere, in any industry. 

Acumatica CEO Jon Roskill said: “What Salesforce has done for CRM, Acumatica will do for xRP. Our Cloud xRP Platform, built on the world’s best Cloud and mobile technology, is available immediately in the Acumatica Cloud or private Cloud configurations, the form factors the market demands. As with our Cloud ERP products, we believe in offering choice to our partners and customers.” 

Ali Jani, VP of Product Management, said: “The Acumatica Cloud xRP Platform, built on the standard Microsoft stack, is a technological breakthrough that finally allows developers and software companies trapped in legacy technologies to modernize quickly and stay ahead of the technology curve once and for all. Our platform empowers developers and software companies to focus on industry-specific functionality without sacrificing control and flexibility.” 

In addition, developers and software companies building on top of the Acumatica Cloud xRP Platform can take advantage of Acumatica’s pre-built ERP and CRM capabilities, while enjoying flexible deployment and tenancy options. 

“We’re excited to offer the Acumatica Cloud xRP Platform to the world,” said Christian Lindberg, Acumatica’s VP of Partner Solutions. “Developers and software companies that need to deliver a SaaS offering at scale can leverage our platform to get to market faster while saving development costs and without compromising on functionality, performance, or flexibility. This technology lets you focus on domain and process expertise, while leaving the plumbing to us.” 

Industry luminary Buck Forland said: “For developers, it’s a floor wax and a dessert topping in one.” 

Acumatica’s partner ecosystem now includes more than 270 partners around the world such as ISVs JAAS Systems and Jamis, and OEMs MYOB and Visma. Visma, the leading provider of business software solutions to SMBs in Northern Europe, white-labeled Acumatica’s Cloud technology for thousands of its own customers and launched Visma.net last August. 

JAMS — JAAS Advanced Manufacturing Software — an end-to-end manufacturing solution, was built using Acumatica tools in record time. JAAS Systems’ General Manager Fred Szumlic said: “We saved $400,000 in development costs and delivered a Cloud manufacturing application in 10 months instead of three years.” 

About Acumatica

Acumatica is a leading provider of cloud business management software that empowers small and mid-size businesses to unlock their potential and drive growth. Built on the world’s best cloud and mobile technology and a unique customer-centric licensing model, Acumatica delivers a suite of fully integrated business management applications such as Financials, Distribution, CRM and Project Accounting, powered by a robust and flexible platform. In an interconnected world, Acumatica enables customers to take full control of their business; to play to their strengths, since every business is unique; and to empower their people by going wherever their people go, on any device. 

Acumatica
Dorothy Ho, +1-425-658-4913 (office)
Mobile: +1-206-303-7750
Director of Communications
dho@acumatica.com

 

 

Acumatica Targets Professional Service, Non-Profit and Multi-Location Businesses with the Release of Acumatica 3.0

The latest release of Acumatica’s award-winning financial software includes Project Accounting, Automated Inter-Company Transfers, and many more features.

Acumatica, a provider of Cloud ERP software, has announced general availability of Acumatica 3.0, the latest release of its award winning financial software. The release contains project accounting, automated inter-company transfers, and several features requested by hundreds of customers.  

“Acumatica 3.0 allows us to expand our market offerings both vertically and horizontally”, said Ezequiel Steiner, CEO at Acumatica.  “The project accounting features are a perfect fit for consulting, engineering, marketing, non-profits, and other professional services companies, while the inter-company features are designed for businesses with multiple offices, warehouses, subsidiaries, and complex reporting structures.”

Acumatica’s new Project Accounting suite delivers a complete software package for managing a project lifecycle including budgeting, managing timesheets, tracking materials, billing, accounting, and reporting. The software is delivered via the Cloud to organize projects with multiple locations, many partners, and remote workers.

“Acumatica’s project accounting capabilities are well suited to our consulting business,” said Carolyn Jasiulewicz, President at Progressive System Solutions. “Employees and external contractors can enter timesheets and link line items to specific projects using any device with a browser. This saves us money by keeping consultants at the customer site instead of requiring them to email their hours and expenses for someone else to enter.”

“We receive funding from multiple sources, which we then allocate to several different programs to support our mission in the fight against Cancer,” said David Castaneda Diaz, Director of Finance at the DC Cancer Consortium. “It takes considerable effort and resources to manage, track, monitor, and report the effectiveness of each program. Using Acumatica’s Project Accounting module, we can manage all phases of many different types of programs and easily get real-time reports regarding program effectiveness.”

Acumatica 3.0 automates inter-company accounting for organizations with multiple business entities that require separate financial reporting. The software allows organizations to establish branches and subsidiaries that rely upon centralized operations including purchasing and cash management. Complexities of inventory transfers between branches, allocated expenses, and inter-company transactions are handled automatically for financial and tax reporting.

Key Features in Acumatica 3.0:

·        Project Accounting: Manage billing and budgets for multiple projects involving several people, roles, billing rates, inventory, markups, and allocated costs.

·        Intercompany Accounting: Create multiple branches to centralize bill payment & cash management, allocate expenses, and create automated inventory transfer transactions.

·        Enhanced Dashboards: Users can select from role-based templates or create custom dashboards using an improved graphical interface with expanded chart and layout options.

·        Other features: Hundreds of additional features include additional electronic bank and credit card reconciliation, activity monitoring and notifications, plus Acumatica report writer enhancements.

Acumatica delivers the benefits of Cloud software without sacrificing growth and flexibility. For companies that require integration, Acumatica delivers an advanced application programming interface (API) has been used to connect best-in-breed solutions for ecommerce, payroll, supply chain and EDI, tax calculation, point of sale, as well as customer specific applications. Acumatica also delivers robust reporting tools, integration tools, and the option to switch between an on-premise deployment and a subscription service.

How to Purchase Acumatica 3.0:

Acumatica sells 100% of its software through a vast and knowledgeable network of value added resellers and software experts. Acumatica can be purchased as a license or as a subscription service (SaaS). For a list of resellers, visit www.acumatica.com/varpartners.  

About Acumatica

Acumatica is a leading cloud ERP software vendor that delivers the benefits of Cloud and SaaS without sacrificing customization, control, security, or speed.  Acumatica can be deployed on premise, hosted at a datacenter, or run on a Cloud computing platform.  Learn more about Acumatica’s Cloud ERP solution at www.acumatica.com.

Media Contact:

Douglas Johnson

703-873-7570

djohnson@acumatica.com

Visma, a KKR portfolio company, Invests in Acumatica

Investment and distribution agreement to accelerate adoption of Acumatica’s Cloud accounting, ERP, and CRM software worldwide.

Acumatica, a provider of Cloud ERP software, announced the close of a round of investment led by Visma, a portfolio company of an affiliate of Kohlberg Kravis Roberts & Co. In addition to the investment, Visma will help to accelerate Acumatica sales and partnership goals, through its own activities as a leading Nordic-based technology company that delivers accounting, tax, and payroll applications to hundreds of thousands of SMEs in the Nordic region and through its network. The investment will be used to help Acumatica expand its sales and marketing efforts, continue development of its leading technology platform, and secure its position as a leader in providing Cloud ERP software.

Unlike traditional software solutions, Acumatica allows clients to work from anywhere without complex client software so businesses can involve everybody while saving money on deployment and ongoing operational costs. Unlike SaaS-only providers, Acumatica allows customers to control the location of their data, the timing of upgrades, and ongoing software expenses.

“Acumatica is the only established Cloud ERP vendor with technology that gives customers the choice to deploy their software on-premise, hosted in a cloud datacenter, or purchased as a turnkey SaaS solution,” said Øystein Moan, CEO at Visma. “Our investment in Acumatica acknowledges their unique positioning within the market and our belief that Cloud technology will play a critical role in the future of ERP software. We will adapt Acumatica for the Nordic markets and distribute Acumatica to our tens of thousands of midsized customers in Norway, Sweden, Finland, Denmark, and The Netherlands.”

Acumatica’s software delivers a complete set of solutions to cover all mid-sized business needs. This includes advanced financial features that are integrated with inventory, sales orders, purchase orders, customer management, and many other modules. A flourishing community of third party developers utilizes Acumatica’s development platform to construct fully integrated modules for manufacturing, ecommerce, payroll, EDI, point of sales, and other vertical market solutions. Acumatica has hundreds of customers in several industries including key accounts in wholesale distribution, financial services, hospitality, manufacturing, not for profit, and professional services.

“This new round of financing is important because Visma will provide the resources to help establish Acumatica as the global leader in Cloud ERP software and introduce Acumatica to several new high-quality business partners through its network," said Ezequiel Steiner, CEO of Acumatica. "A partner like Visma is a testament to our current business plan, our product roadmap, and the efforts of our channel partners as well as a vote of confidence in our ERP technology. This partnership enhances the credibility of Acumatica in the eyes of our customers."

About Visma 
Visma is the leading Nordic-based technology company that delivers mission-critical software and services, such as accounting, tax, and payroll applications, to over 300,000 SME customers in the Nordic region and the Netherlands.  The group comprises five business areas which are Visma Software, Visma BPO, Visma Commerce Solutions, Visma Retail and Visma Projects & Consulting. For additional information, please visit Visma’s website at www.visma.com.

About Acumatica
Acumatica develops web-based ERP software that delivers the benefits of Cloud and SaaS without sacrificing customization, control, security, or speed.  Acumatica can be deployed on premise, hosted at a datacenter, or run on a Cloud computing platform.  Learn more about Acumatica’s Cloud ERP solution at www.acumatica.com.

Acumatica Releases Version 2.2 of its Cloud Accounting, ERP, and CRM Software

New features improve capabilities for wholesale distributors, manufacturers, multi-national companies, and service companies.

On August 17, 2011 Acumatica released the latest version of its Cloud ERP software that includes several customer driven enhancements such as automated bank reconciliation, inventory allocation by sales order, expanded replenishment algorithms, flexible payment remittance, and more. Cloud and on-premise customers can choose to install these updates at a time that is convenient to them.

“Acumatica responded quickly to our needs by delivering inventory allocation features that are critical to our distribution business,” said Ehren Dimitry, President at AME Corporation. “Even after my initial purchase, I was able to work closely with product experts who were able to configure the upgrade for my business.”

Acumatica 2.2 includes changes and updates to the financial, distribution, and customer management modules. Many features were implemented based on customer requests while others were built to expand the reach of Acumatica in the wholesale distribution, manufacturing, retail, and service industry verticals. The changes were built using the Acumatica web development platform to ensure compatibility with existing security settings, reporting capabilities, customizations, and third party modules.

“Our advanced platform design allows us to rapidly publish new releases without breaking customizations made by partners and customers,” said Ali Jani, Vice President of Product Management at Acumatica. “This is critical for our mid-sized customers who want to take advantage of Cloud technologies but require software that adapts to their unique business processes.”

Availability:
SaaS customers and license customers with up-to-date maintenance contracts can get the latest release by contacting their value added reseller (VAR) to schedule an upgrade. Details about the release can be downloaded from the Acumatica Cloud ERP website.

Real Time Inventory, Pricing, Sales and Service Data On a Web Browser

At last, wholesale distribution revenues are starting to climb! Many distributors are reporting increased sales that are now spanning several quarters.

If you are one of them, and you think the time is right to upgrade your ERP technology, Acumatica thinks it's time you consider the Cloud!

The power of the Cloud
Acumatica Distribution Management uses the power of the cloud to deliver enterprise-wide control of your distribution operations. Because Acumatica Cloud ERP provides real-time information for every phase of your distribution business, from sales to purchasing to order entry to inventory control and to financial accounting, and beyond, you get the information you need to better manage all your company's resources.

What is included?
Acumatica is a fully integrated system that provides order management, inventory management, purchasing management, financial management, customer relationship management, and more. The solution is priced for unlimited users and sold as a one-time perpetual license or as a recurring turnkey service, depending on your level of IT expertise.

Learn more in 2 minutes
Find out how the power of the Cloud can help you by:
• Watching some of our 2-minute videos
• Attending a free seminar

For additional information, contact Acumatica at 1-888-228-8300.

Acumatica, BSWC, & MDM Webinar: Cloud Computing: Reality vs. Theory

Cloud computing is creating a big buzz in consumer markets. But its value proposition for wholesale distribution companies is still a bit fuzzy for IT professionals and executives alike. Join well-known technology consultant Steve Epner in this 60-minute free Webcast sponsored by Acumatica to separate fact from fiction, and learn more about the business case for cloud computing for wholesale distribution businesses.

The discussion on April 7, 2011 will knock down the myths to review the growing number of options, opportunities for wholesale distributors to leverage cloud computing, and the business case for cloud deployment. All this with the help of Steve Epner’s many years of clearly explaining how to use technology to solve business problems!

Register at: https://cc.readytalk.com/cc/sc​hedule/display.​do?udc=5f013d4t​8z8f​