As we have mentioned from previous articles – How Does Acumatica Cloud ERP Accelerate Your Business?, Acumatica Cloud ERP is one of the most popular business management tools available today. Acumatica Cloud ERP provides solutions to optimize work efficiency. In this article, we will show 3 features that Acumatica Cloud ERP 2020 can bring to users.
- Create expense receipts with your mobile camera
- Acumatica Payroll
- Robust Integration with BigCommerce
Each version after release, the improvements or updates, many of which are based on user feedback. They include taking back time with superior ERP usability, eliminating business silos with powerful new native modules, turbocharging growth with best in class functionality, accelerating your business with cross-connected workflows, and allowing you to tailor Acumatica to your business without writing code.
And now, let’s take a look at 3 of the most appreciated features by customers right now.
Use a mobile camera to generate expense receipts
You’ve probably heard the phrase ” tracking expenses” at least once. That problem is not too strange for economic managers. Have you ever felt that tracking these expenses is difficult and takes a lot of time? We think so.
When you are in a meeting with a partner. Unfortunately, adding the chore of tracking expenses—without losing or damaging paper receipts. That becomes very inconvenient and time-consuming to take care of that receipt rather than the main task you need to discuss with the partner. Then, you must report to your boss following the classic process that you copy the receipts and fax them in.
Do not worry! Acumatica Cloud ERP will give you an extremely convenient solution. You can use your mobile camera to generate expense receipts. This allows you or your staff to quickly and efficiently submit travel expenses.
We’ll take a look at how it works. You take your phone camera to capture your receipts and upload them to Acumatica. Then, with the power of artificial intelligence (AI) and machine learning (ML), your receipts are analyzed. Also, the pertinent information is automatically added to your expense reports. In particular, no more data entry woes for you.
Ajoy Krishnamoorthy, Vice President, Platform Strategy at Acumatica, goes into detail about Acumatica’s new cloud-based expense reporting solution in a recent CPA article.
“With time being one of the most valuable resources for businesses and their employees, our team wanted to take it one step further to ensure the system could automate as much as possible and cut down on the time employees spend entering information manually.”
“This solution also minimizes the amount of time accounting teams spend validating expense receipts and fixing errors. The enhancement to our mobile expense reporting module uses a machine-learning component that can read the receipts, recognize the fields in the receipt, and map the item to the appropriate expense code—something that even traditional expense reporting isn’t able to do,” he explains.
Reducing receipt entry time by 50% and increasing accuracy makes your life and your employees’ lives so much easier.
Acumatica Cloud ERP Payroll
We can say Acumatica is trying to fix business silos. In the updated version of Acumatica 2020, problems related to the integrated payroll module have been upgraded as expected by users. Acumatica Cloud ERP will bring considerable advantages to the growing medium-sized enterprise (SMB).
When the business grows, that means expanding the functionalities of the company. They use separate solutions for accounting, inventory, reporting, etc similar to the payroll. Outsourcing pay can come with some potentially serious disadvantages, such as:
- Duplicate data entry
- Disconnected systems
- Complex timekeeping
- Specialized reporting needs
- Detailed tracking and coding
With Acumatica Payroll, you can handle payroll from anywhere, anytime. You can pay the employee by check or direct deposit; automatically pull the attendance data entered on the Acumatica Employee Portal into the payroll system; manage tax filings, and comply with government regulations. Moreover, you can control your valuable company and employee information in just a few simple taps.
Indeed, Acumatica Payroll is a secure, modern, and complete payroll management solution that takes away the ouch factor of disconnected legacy systems.
Robust Integration with BigCommerce
Right! You are not mistaken. Acumatica’s highly rated cloud ERP software and BigCommerce partners with each other to become a formidable competitor. That means you will be provided with a comprehensive and powerful real-time platform to grow with your company through seamless integration with finance, inventory, operations, and reporting.
The expensive problems are easy to face for anyone to integrate an eCommerce store with their ERP. The right ERP solution can help you control all the functions of your eCommerce store from one dashboard. For mid-range retailers, distributors, and manufacturers struggling disparate, siloed systems for eCommerce, finance, warehouse management, and reporting. Acumatica’s Commerce Edition is the solution comprehensive business management is seamlessly integrated with BigCommerce and can be accessed in the cloud using a standard web browser.
Additionally, you’ll experience:
- Enhanced visibility into your order fulfillment and product availability
- Real-time status checks on orders, cancellations, and refunds
- Streamlined business processes and connected product and customer information between Acumatica and BigCommerce without development or IT support
- The automated flow of shipping, payment, order fulfillment, and inventory data
Ultimately, this is a true omnichannel solution that grows with you and offers the flexibility to run your business your way, streamlining and automating every facet of your business to help you create customers for life.