Top Features & Improvements in the Latest Acumatica 2023 R1 Update
Acumatica, the cloud-based ERP system, has released its latest version, Acumatica 2023 R1, with several new features and improvements. This new version is designed to make business management more efficient and effective, and to help users streamline their processes and improve their bottom line.
Here are some of the new features that Acumatica 2023 R1 offers:
Acumatica 2023 R1’s Enhanced Mobile App Functionality:
Acumatica’s mobile app has been updated with new features, including the ability to attach pictures and documents to transactions, manage purchase orders, and approve expense claims. Users can now easily access their data and take action from anywhere.
Figure 1: Attach files or photos to a Sales Order using the Mobile App
Improved Microsoft 365 Integration in Acumatica 2023 R1:
Acumatica now offers better integration with Microsoft 365, allowing users to access their files, calendars, and email from within Acumatica. This integration also includes support for Microsoft Teams, allowing users to chat, call, share files, and meet with internal and external contacts without leaving Acumatica.
Figure 2: Collaborate with internal employees and external customers, vendors, and partners via Microsoft Teams directly from Acumatica.
SuperiorProject Accounting Features in Acumatica 2023 R1:
Acumatica 2023 R1 introduces several enhancements to project accounting, including improved project budgeting and forecasting, automatic creation of project tasks, and the ability to generate project billing based on time and materials or fixed fee.
Advanced Inventory Management in Acumatica 2023 R1 Release:
Acumatica 2023 R1 now offers advanced inventory management capabilities, such as kitting and assembly management, bin and lot tracking, and landed cost tracking. These features enable users to manage their inventory more efficiently and accurately.
Streamlined Financial Management with Acumatica 2023 R1:
Acumatica 2023 R1 includes several new features to streamline financial management, such as a new cash management module, improved bank reconciliation, and the ability to generate financial statements in multiple currencies.
User Interface Enhancements with Acumatica 2023 R1:
Acumatica has improved its user interface with a new navigation menu, modernized icons, and an enhanced InfoTip functionality to easily access help for any field on a screen. These changes make it easier for users to find what they need and customize their experience.
Figure 3: Hovering your mouse over a label on a screen will display a question mark icon.
Figure 4: Clicking the question mark icon displays the InfoTip panel
Increased Security Measures in Acumatica 2023 R1 Update:
Acumatica has also improved its security features, including two-factor authentication, role-based security, and the ability to restrict access based on location. These enhancements help ensure that data is secure and only accessible to authorized users.
Overall, Acumatica 2023 R1 is a significant update that offers many new features and improvements to help businesses streamline their processes and improve their bottom line. With better mobile app functionality, enhanced project accounting, advanced inventory management, and streamlined financial management, users can work more efficiently and effectively, no matter where they are.