The Future of Cloud ERP: A Recap of Acumatica Summit 2024 

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Crestwood Booth at Acumatica Summit 2024The Acumatica Summit 2024, held from January 28th to January 31st in Las Vegas, marked a pivotal moment in the world of cloud ERP solutions, drawing industry professionals from across the globe to witness a spectacle of innovation, collaboration, and community. This year’s summit was not just an event; it was a testament to Acumatica’s enduring commitment to redefining the technological landscape and fostering a vibrant community around its platform. 

Innovation at the Forefront 

With the unveiling of a new Acumatica logo, the summit kicked off under the banner of renewal and progress. This visual rebranding symbolizes Acumatica’s ongoing journey towards innovation and its steadfast mission to provide cutting-edge solutions to its users. The introduction of exciting features in the 2024 R1 release further underscored the company’s dedication to enhancing user experiences and embracing future technological trends. 

Amazon Integration and Beyond 

A significant highlight from the summit was the announcement of full support for Amazon operations, including Fulfilled by Amazon (FBA) inventory and Amazon statement reconciliation. This development promises to streamline and ensure the accuracy of Amazon transactions, marking a giant leap forward in simplifying e-commerce operations for Acumatica users. 

Enhancing Efficiency and Accuracy 

The AP Bill Link in Proforma introduces a side panel for selecting AP Bills and viewing attached transaction images, ensuring timely vendor payments and increased billing accuracy. Meanwhile, Parallel Operations Reporting allows manufacturers to report operations out of sequence and conduct multiple operations simultaneously, offering unprecedented flexibility in managing production orders. 

Strategic Planning Tools 

The summit also unveiled the addition of Distribution Requirements Planning (DRP) functionality, aiding distributors in managing inventory supply and demand and planning kitting with integrated MRP and DRP tools. The Managed Sales Allocation Enhancement gives customers more control and flexibility, showcasing Acumatica’s commitment to providing comprehensive solutions tailored to the needs of its diverse user base. 

Keynote Insights and Inspirations 

The keynote sessions, available on-demand, were a source of valuable insights and inspiration. CEO John Case’s opening day presentation delved into the wider economic and business environment, the impact of emerging technologies, and Acumatica’s strategic vision. The second day’s presentation featured Acumatica’s product engineers and industry experts, who shared success stories, product updates, and innovations aimed at enhancing business productivity and growth. 

A Community United 

Beyond the technological advancements and strategic insights, the Acumatica Summit 2024 was a celebration of community. The vibrant networking opportunities, memorable moments on and off the dance floor, and the chance to connect with fellow industry professionals underscored the event’s atmosphere of camaraderie and mutual support. It was a reminder that at the heart of Acumatica’s success lies a dynamic community of users, developers, and partners, all united in their pursuit of excellence and innovation. 

Innovating and Celebrating with Crestwood 

A standout moment at the Acumatica Summit 2024 was the showcase at the Crestwood Products booth, where Crestwood Associates proudly displayed our innovative products. These offerings exemplify our commitment to enhancing the Acumatica experience, providing users with tailored solutions that drive efficiency and growth. 

At our booth, we were excited to present a range of innovative add-ons for Acumatica, including: 

  • ConCurrent for Acumatica: Our solution that seamlessly integrates Concur and Acumatica, offering deeper insights into expenditures and enhancing financial management. 
  • Lockbox Processing for Acumatica: This tool automates the processing of bank lockbox files, streamlining payment applications and improving cash flow management. 
  • Collections Management for Acumatica: Designed to accelerate cash flow and reduce time spent on collections, ensuring your clients’ financial health and operational efficiency. 
  • Advanced Commissions for Acumatica: A powerful commission management tool that automates calculations and payouts, saving valuable time and ensuring accuracy for every sales transaction. 

The spirit of celebration extended beyond the conference rooms into a memorable evening at La Cave, where we hosted our Annual Crestwood Happy Hour. This event was a heartfelt thank you to our clients, a chance to unwind in a relaxed setting, and an opportunity to strengthen the bonds that form the foundation of our community. It was a testament to the value we place on our relationships and our dedication to not just meeting, but exceeding, client expectations. 

Celebrating Excellence: Robert Sternberg and Crestwood Associates 

Acumatica Summit MVP Award

The Acumatica Summit 2024 was also a moment of pride for Crestwood Associates, as our very own Acumatica Director, Robert Sternberg, was honored with an MVP award. Robert’s active participation in the Acumatica community and his significant contributions to the manufacturing board highlight his dedication and impact on the ecosystem. His efforts have not only advanced the platform’s capabilities but have also fostered a sense of innovation and collaboration among its users. 

In addition to individual accolades, Crestwood Associates was awarded the prestigious President’s Club award. This recognition underscores our commitment to excellence and our role as leaders in the implementation and support of Acumatica solutions. It reflects the hard work and dedication of our entire team, and our unwavering focus on delivering value and success for our clients. 

Looking Ahead 

As we reflect on the 2024 Acumatica Summit, it’s clear that the event was not just about showcasing new features or technological advancements; it was about setting a course for the future of cloud ERP systems. Acumatica’s strategic vision, combined with its commitment to innovation and community, positions the company to continue leading the way in transforming businesses and empowering users with flexible, powerful, and efficient solutions. 

Summit highlighted the strides being made in cloud ERP technology and set the stage for the future, where technology and human ingenuity converge to create solutions that drive business success and growth. As we look forward to what the future holds, one thing is certain: the journey with Acumatica promises to be an exciting and transformative one, filled with endless possibilities and opportunities. 

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