Small and midsized businesses (SMBs) fuel the US economy. Many of these SMBs start from humble beginnings—with an idea, a spark of creativity, initiative, and ingenuity. This initial spark is the genesis of what can become a flourishing, growing company. And, in today’s digital economy, growing companies need the support of business management technology to help keep their operations organized and primed for further growth. For many who are ..read more

The core of every business and the foundation of commerce is dealing with money—or financial management and accounting. You can’t run an organization without these, and the backbone of financial management and accounting is the general ledger. Simply put, the general ledger supports and connects every aspect of a business. Understanding its nuances helps businesses keep accurate records, build precise reports, and make informed financial decisions. Today, we’ll explore the ..read more

  One of the joys I have, twice a year at Acumatica, is to reveal the hundreds of cloud ERP software improvements found in our bi-annual product releases Each release is engineered to increase product usability and enhance user productivity and efficiency, and with the general availability of Acumatica 2024 R1 announced on March 20, we’re excited to dig into its many user benefits. Our Chief Product Officer Ali Jani ..read more

  What is Product Allocation? Product allocation—also commonly referred to as inventory allocation—is the process by which businesses disperse, track, and manage inventory across their distribution networks and sales channels. Product allocation, done right, enables businesses to maximize sales while minimizing overstocking and stockouts, ensuring that inventory is in the right place at the right time. For businesses of all sizes and in every industry, product allocation is crucial to ..read more

  As the construction industry has evolved, so, too, has reliance on subcontractors and specialty contractors. As these firms grow and take on more responsibility, they need more robust, comprehensive technology to manage operations. Business management solutions, particularly ERP systems, are increasingly vital for helping subcontractors manage projects, improve communication, and enhance efficiency. This article delves into the nuances of construction ERP software, highlighting what it is, what it does ..read more

  The record-breaking crowd that attended Acumatica Summit 2024 in January was able to network with business leaders and fellow partners and customers, learn more about Acumatica’s visionary cloud ERP solution, and discover new, innovative ways to grow their businesses. Perhaps most importantly, attendees also heard inspirational stories about how their fellow Community members are achieving success with the help of Acumatica’s award-winning business management solution. The Day 1 and ..read more

  MODEX 2024—a four-day material handling, logistics, and supply chain show and conference owned and produced by the Material Handling Industry (MHI) association—took place March 11–14, 2024 in Atlanta, Georgia. I, along with a number of Acumatica representatives, were on hand to share the latest and greatest features and enhancements found in our most recent releases, Acumatica 2023 R2 and, the soon to be released Acumatica 2024 R1. Today, I’ll ..read more

  Shoptalk 2024—happening March 17-20, 2024, at the Mandalay Bay in Las Vegas—is “where retail, technology & innovation intersect.” During the packed four-day event, over 10,000 retail industry professionals and executives will gain valuable insights from experts and solution providers, learn about consumer trends affecting the future of retail, and discover innovative technology that can help them succeed in an industry that is constantly evolving. Let’s take a look at ..read more

  Summit 2024 was a great opportunity for the more than 3,000 people in Las Vegas to learn about the latest in cloud ERP technology. But it was much more than that.  Summit was also a celebration of Community and accomplishments. We know that our Community is what drives Acumatica’s success. We rely on our faithful customers to offer real-life product feedback, which we then use to develop our product ..read more

  Demand Planning and ERP Systems Demand planning is fundamental to business success. Simply put, it’s balancing supply and demand to optimize inventory levels. Effective demand planning minimizes stock-outs while avoiding excess inventory that ties up working capital and warehouse space. Demand planning uses sales orders, material requirements for production and projects, forecasts, and other demand sources to determine how many of each product is required to meet demand and ..read more