Commerce-Focused Financials in Acumatica Cloud ERP
Today’s ecommerce and retail companies face a seemingly never-ending onslaught of challenges. Often the last interaction a customer has before receiving an item, these companies have to deal with higher expectations than ever.
For traditional brick-and-mortar sellers, this is all about providing the best service, flexible transactions, and competitive costs. For the ecommerce business, you’re trying to match up with a near-trillion-dollar seller of wares who can provide one- or two-day shipping. Customers for both these businesses have sky high expectations, and it’s on sellers to deliver.
For those looking to get a clear picture of finances, the right solution makes all the difference. Flexible, powerful, and born in the cloud, financial management in Acumatica Retail-Commerce Edition provides the functionality you need, no matter how you sell.
As a leading provider of this solution, The Donas Group has the skills to customize, integrate, and deliver this solution for companies like you.
What Makes Acumatica Financial Management Better?
Whether you are upgrading from legacy ERP or moving up from accounting software, finding a solution with a strong core can make your company better, helping your people to do more, work faster, and gain the visibility you need. Why choose Acumatica?
- Automate Processes and Workflows: Streamline your operations and empower your people to do more by freeing them from the manual processes they’ve come to know. Faster book closing, easier approvals, and more accurate reporting let your company grow more easily.
- Bring Together the Data: Stop relying on email chains and various spreadsheet versions to complete even the most basic tasks. With Acumatica, everyone on your team has a single version of the truth tailored to the unique needs of their role.
- Make Decisions Anywhere, Securely: With Acumatica’s cloud delivery, you can access the information you need at the office, the airport, or on the other side of the world. With secure access, only the right people access the modules they need and the applications they intend to use.
- Bring Together Your Business—No Matter Where You Operate: Whether you have one entity or dozens, work domestically or globally, Acumatica has you covered. With multi-currency, multi-language, and multi-entity support, Acumatica lets you bring together your company.
Features of Acumatica Financial Management for Retail and Ecommerce
Design your financial management around your business. Augment Acumatica’s base financials with advanced financial capabilities, including GL consolidation, sub-accounts, and automatic revenue recognition.
General Ledger
The core of any good financial management platform, Acumatica General Ledger functionality provides your business a central repository, fully integrated, with analysis and real-time reporting power.
Accounts Receivable
Speed up the creation and distribution of invoices, receipt and collection of payments, and meet your revenue recognition requirements. Acumatica Accounts Receivable connects to the rest of your software to improve your business.
Accounts Payable
Connect your business and improve the speed with which you pay suppliers. With Acumatica Accounts Payable, you can improve the way you manage liabilities and make payments for goods and services.
Cash Management
Control day-to-day transactions, cash balances, funds transfer, and bank account reconciliation.
Currency Management
Bring together your business no matter where you work. Acumatica Currency Management empowers your business to business internationally and manage international subsidiaries.
Tax Management
Plan for, configure tax rates, set aside, and report on taxes all in one place. Acumatica Tax Management streamlines and automates the tasks involved with configuring, collecting, managing, and reporting tax.
Deferred Revenue Accounting
Save time on the revenue recognition process, accurately account for future period revenue, and comply with ASC 606 IFRS 15 Standards with ease.
Recurring Revenue Management
Take control of your subscription billing, gain visibility over recurring revenue, and fuel business growth.
Intercompany Accounting and Reconciliation
Bring together your books, no matter how many entities you have. Complete consolidations, intercompany transactions, and more with Acumatica Intercompany Accounting.
Fixed Assets
Maintain complete visibility of fixed assets and depreciation calculations. Add fixed assets with ease, depreciate from a pre-defined list of schedules or create your own. Acumatica Fixed Assets makes your job easier.
“Acumatica has really allowed us to focus on our business—which is selling shoes—instead of focusing on IT and development.“
– Ryan Schlachter, President, Shoebacca
Get to Know Acumatica Retail-Commerce and The Donas Group
Built to integrate with a variety of applications—whether they are made by Acumatica or a third-party vendor—Acumatica’s commerce management functionality delivers a strong backbone for your business. From the above-mentioned commerce-focused financial management to additional features including inventory management, order management, and more, Acumatica’s Retail-Commerce product ensures resilience for retailers.
As a leading provider of this usable and functional application, The Donas Group can help you make the most of your journey to the cloud. Get to know more about our work and contact us for a free consultation.