We're delighted to be able to inform you of some of the latest features added to Acumatica in their most recent release (5.1).
5.1 includes several new features that build on the previous release aimed at making your life easier and improving your company processes.
Latest Acumatica Cloud ERP Updates Include:
Changes to Deferred Revenue
Several improvements have been made in the Acumatica Deferred Revenue module to comply with US accounting practices. The new change addresses the revenue recognition of mixing tangible products (like a computer) with non-tangible products (such as software).
Can now invoice time without CRM
The Time & Expenses module has been updated to allow billing for time of employee activities through a contract even when CRM feature is disabled. The billable time of employee activities is associated with non-stock items that are not included in the contract, this will be presented on the invoice as a separate line.
Prepayments on Sales Orders
This massively helps users with web order integrations whereby payments are taken through the website itself (i.e. ecommerce websites)
Sales Order Approval
Many businesses have workflows for reviewing and approving sales orders and in most cases approval is required for credit sales. With Acumatica, in addition to a credit check, which is performed automatically on saving new sales orders, specific sales orders can be automatically assigned to employees authorised to perform approvals.
Then finally, OData!
OData provides a way to efficiently exchange data between applications and tools without extensive custom development. The ‘Expose via OData’ checkbox enables OData access for an inquiry. The system will dynamically update the OData catalog with your inquiry. The list of inquiries exposed by using OData can then be accessed right from the browser by appending the Acumatica URL. Neat eh?
Interested in trying out some of the great new Acumatica Cloud ERP features for yourself?
