Insights | SVA Consulting

Unlock New Potential: Acumatica's 2024 R2 Release is Here

Written by Cailee Hanson | Dec 20, 2024 8:53:15 PM

The latest release of Acumatica 2024 R2 introduces cutting-edge features designed to enhance usability, automation, and industry-specific capabilities. This update reinforces Acumatica's commitment to providing future-ready solutions that streamline operations and empower businesses across various industries.

Below, we explore the standout features and enhancements that make this release noteworthy.

Features and Enhancements in Acumatica 2024 R2

1. Prepayment Invoice Functionality

Managing prepayments is now more efficient with the addition of prepayment invoice functionality. This feature allows businesses to create and track customer prepayments, apply them to invoices, and maintain accurate financial records. It also supports tax reporting for prepayments for greater flexibility and compliance.

2. Enhanced Purchase Receipt Verification

A new layer of verification for purchase receipts improves accuracy in inventory management. This optional step allows businesses to confirm item quantities before releasing receipts, reducing errors and ensuring smoother operations.

3. Automation for Manufacturing Operations

Acumatica now automates the creation and release of move and material transactions for purchase orders received from external manufacturing operations. This streamlines workflows and reduces manual effort in managing outside processes.

4. Usability Enhancements Across Modules

The new release introduces usability upgrades across distribution, manufacturing, and construction modules. The modernized user interface (UI) includes personalization options, such as configuring views and layouts to suit individual or team needs, ensuring an intuitive and user-friendly experience.

Insight: Inside Acumatica's CRM: A Thrilling Expedition Into Sales, Marketing, and Customer Support

Industry-Specific Features

Manufacturing: Improved Estimating and Process Automation

Manufacturers benefit from new estimating features, including the ability to create price breaks directly within estimates. This streamlines the quoting process and eliminates the need for multiple revisions. Additionally, enhanced handling of outside processes simplifies the movement and purchasing of outsourced materials.

Construction: Flexible Pro Forma Invoice Management

Construction businesses can now create pro forma invoices independent of established billing cycles. This provides greater flexibility for ad hoc expenses and allows for easier project billing adjustments.

Integration Enhancements

Acumatica 2024 R2 continues to enhance its integrations with key platforms:

Shopify Integration

Customer-specific pricing can now sync from Acumatica to Shopify, ensuring consistent and accurate pricing for e-commerce operations.

Amazon Integration

The addition of return order processing streamlines inventory updates for fulfilled by Amazon and fulfilled by merchant orders.

Insight: Unlock the Power of the Acumatica Mobile App

AI-Powered Anomaly Detection

One of the most exciting innovations in this release is the introduction of AI anomaly detection for generic inquiries. This feature uses historical data to identify discrepancies and anomalies, such as unexpected values in sales margins or purchase orders.

Conditional formatting highlights severe anomalies, making it easier for businesses to address potential issues proactively.

Questions?

While new features can create many benefits, they can also cause some confusion if the user isn’t sure how they work. If you have questions, contact SVA Consulting today.

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