All Posts By

Chuck Oliver

Acumatica Cloud ERP is getting an upgrade.

Acumatica 2020 R2 – coming soon to a desktop near you

By | Acumatica Cloud ERP | No Comments
Acumatica Cloud ERP is getting an upgrade.

Acumatica Cloud ERP is getting an upgrade.

Acumatica Cloud ERP has been helping organizations of many industries and sizes work smarter, not harder. Now, the launch of Acumatica 2020 R2 makes the benefits of Acumatica even more impactful.

Going live in a Virtual Launch Event on September 16, Acumatica 2020 R2 brings significant changes to the Acumatica Cloud xRP platform, starting with the user experience. Here’s a quick look at Acumatica 2020 R2 and what to expect from the new release.

Improved usability

One of the most notable usability features in Acumatica 2020 R2 is the ability to automatically create AP documents from vendor bills. Machine learning and AI continue to power the ERP to remove tedious, repetitive manual tasks.

Another welcomed feature is the ability to look up recently visited records with ease. The platform makes it easy to access up to 500 recently viewed records instead of having to start the search process from scratch.

Also available on the new rollout is a simplified data retrieval process. Query suggestions and previews save valuable time in typing out full queries and cut out much of the back and forth in looking for the right records.

Growth-fueling tools

Acumatica 2020 R2 includes several new tools to support growth initiatives.

Acumatica 2020 R2 includes several new tools to support growth initiatives.

Financial management and transparency will always be the core of any ERP, and Acumatica continues to improve in this area. New innovations in Acumatica 2020 R2 cater to sales teams, account managers, and AP/AR, as well as Shopify integrations that support eCommerce initiatives. In addition, vertical-specific features for construction, manufacturing, and field services provide revenue growth support.

  • For sales: Cross-company sales opportunities are easier to identify and execute, helping to increase revenue and profits.
  • For accounting: Streamlined bank reconciliation saves valuable man-hours and reduces errors.
  • For account managers: Centralized account management simplifies customer service and interactions and improves account visibility.
  • For Shopify users: The new commerce engine untangles the process of integrating Shopify with your ERP, as well as simplifies the process of tracking shipments, processing refunds, and notifying buyers.
  • For manufacturing: New features promote improved time to market by tracking production outputs, simplified collections, and prevention of overpayment.
  • For field services: New features allow appointments to span multiple days and include related travel and break times.
  • For construction: New pro forma workflows improve billing accuracy and ensure the accuracy of contract caps.

How NexTec delivers more value with Acumatica 2020 R2

For over 10 years, NexTec has built on Acumatica’s modular platform to bring even more value to our customers. Our goal is to help you maximize an already-robust platform and do even more with its features. What’s more, we can custom-tailor Acumatica to your specific industry and needs so that it works the way you need it to work.

The new rollout of Acumatica 2020 R2 has spurred several new developments from NexTec. Our new custom Chargeback Processing, Multi-Currency Processing, and Salesforce-to-Acumatica Connector features allow you to simplify sales and financial tasks above and beyond what’s offered by Acumatica.

Let us help you get out of the chore of time-consuming, error-prone manual tasks and help you work smarter with Acumatica.

Take the Acumatica product tour

Warehouse worker walking down an aisle.

How Acumatica helps manage distribution

By | Acumatica Cloud ERP, Distribution / Supply Chain, ERP | No Comments
Warehouse with worker walking down hallway.

Gain real-time insights into your warehouse, sales and inventory with Acumatica’s Distribution ERP software.

Wholesalers and distributors need Enterprise Resource Planning (ERP) software to help them reduce risk and provide real-time intelligence on key performance indicators (KPIs). Data in real-time means better decisions on distribution management, inventory control, order processing, order management, and stock forecasting.

Learn more about how Acumatica data-driven insights help distribution businesses.

Common challenges in distribution

Distributors industry rel on customers needing a steady flow of products. Yet unpredictable changes in B2C or B2B demand can leave distributors with excess or insufficient inventory.

Supply chain management is another challenge for many in the distribution business. Automation is critical for modern supply chain wholesalers and distributors that need real-time alerts for better ordering and warehouse management.

Distribution relies on speed, so optimizing picking, labeling, compliance, order processing, and shipping are key areas where better efficiency means improved profit margins.

These challenges are why distributors need a top-notch ERP distribution system that can help them manage their supply chain and logistics. Ideally, your ERP application should include inventory management, order management, fleet management, order processing, shipping, and integration with CRM and business intelligence.

Man in a business suit in a warehouse using his tablet.

Learn what’s in your warehouses at any time with warehouse and inventory management tools from Acumatica.

Choose Acumatica to manage your distribution

Acumatica Cloud ERP – Distribution Edition is built to help you manage your logistics and supply chain, improve customer satisfaction, reduce order times, and control costs. The Distribution Edition is cloud-based and fully integrated with manufacturing, field service, project accounting, and Acumatica CRM. The Distribution Edition includes:

  • Warehouse management
  • Advanced inventory management
  • Requisition management
  • Sales order management
  • Order processing
  • Purchase order management
  • Advanced financials

Here’s how Acumatica – Distribution Edition can help your business.

  • Key Performance Indicators. Most businesses use common KPIs such as cash flow, sales, and margins to measure performance at a point in time. Acumatica – Distribution Edition includes dashboards and reports with KPIs that matter to distributors, including inventory turnover ratio for high- and low-turnover items, on-time shipping ratio, and profitability by item.
  • Warehouse Management. Use barcode scanners and customized workflows to automate core warehouse functions, including picking, packaging, purchase order receiving, reshelving, transferring, and counting. Workers can use preprinted smart scan sheets for hands-free operations while lot and serial number tracking reduce mistakes.
  • Inventory Management. Acumatica helps you know what’s in your warehouse at any moment. With Inventory Management, you can segment inventory by class, know product availability across multiple warehouses, highlight out-of-date stock, and set reorder points. Use multiple valuation methods to manage costs accurately across multiple locations.
  • Sales Order Management. Integrate your sales workflows with automation tools that save time and improve customer experiences. With Sales Order Management, you can set up status change alerts and predefine order types with inventory allocation rules for better workflows, order processing, and document management. You can also set up volumes, quantity discounts, and preferred pricing for individual customers.
  • Requisition Management. Eliminate paperwork with automation software that streamlines complex purchasing processes, including sales quotes, approvals, and vendor bidding.

Acumatica – Distribution Edition is designed to solve your most significant business challenges. NexTec Group is a gold-certified Acumatica partner and has deep experience in ERP implementation. If you are a wholesaler, distributor, or manufacturer, we can help you streamline your distribution processes and get up and running with Acumatica. Learn how to manage your distribution business in the Cloud today. Manage your business in the cloudAdditional distribution resources

Distribution: Key metrics/KPIs for distribution

ERP and Business Intelligence in the distribution industry

Multi-warehouse woes: challenges in maintaining visibility

Top 4 pandemic challenges for manufacturers and how to solve them

Top 4 pandemic challenges for manufacturers and how to solve them

By | Acumatica Cloud ERP, Manufacturing | No Comments

Like all other industries, manufacturing faces several challenges during the COVID-19 pandemic and beyond. Here are four challenges to consider, along with some ways to turn challenges into opportunities.

Top 4 pandemic challenges for manufacturers and how to solve themChallenge 1: Access to data while working remotely

To socially distance and keep the virus at bay, many manufacturing employees need to work from home but still have access to the information they need for their daily work. However, a strictly on-premise ERP (Enterprise Resource Planning) solution landlocks information and requires employees to be physically present onsite in order to get the data they need. In the wake of the COVID-19 pandemic, that is no longer a sustainable option.

A cloud-based ERP solution enables your workforce to access essential systems from anywhere at any time. Your business operations can continue to run smoothly even when your offices sit empty.

A cloud-based ERP also integrates with collaborative tools, enabling your staff to maintain productivity and work together on projects already in development, ensuring your company does not miss a beat, despite the changed circumstances.

Challenge 2: Supplier management

The COVID-19 pandemic has had a major impact on the manufacturing supply chain. Many manufacturers that once relied heavily on imports and parts from suppliers in other countries now find themselves scrambling to find new sources either in-country or from areas less affected by COVID-19.

The World Economic Forum notes on the subject: “In the near term, it is expected that companies will begin seeking out a more diversified supplier base while looking to develop a flexible, but cost-efficient, supply chain. For the longer term, however, companies will need to undertake a more holistic analysis, which may lead to more drastic changes, such as moving supply chains nearby, or to different countries, as well as increasing the digitalizing of supply chains, with a view of creating a more sustainable operation for the future.”

Manufacturers that have moved to a cloud-based ERP system are better able to meet supply chain challenges during a crisis. That is because Cloud ERPs offer modern supply management tools with data and analysis available in real-time that provide a clear view of the status of supplies and the needs across the company. With up-to-date information, you can forecast and reallocate supplies and costs as needed, giving you the agility and flexibility that older ERP systems may not offer.

Challenge 3: Traceability and product recall management

Pandemic or not, manufacturers always face the challenge of product traceability and product recall management. However, in light of increased scrutiny and emphasis on product safety and consumer health, the ability to track products and immediately initiate recalls when problems are detected is essential.

Cloud-based ERP software integrates information from multiple disparate sources into a single source of truth, giving you end-to-end visibility into your products, from raw materials through sale and distribution. That means you can instantly track specific products, initiate a product recall if needed, and oversee all tracking operations from anywhere at any time via the device of your choice.

Challenge 4: Maintaining a 360-degree view of operations

With some staff working remotely, your production teams working in staggered shifts to accommodate social distancing mandates, your product lines shifting to meet new market demands, and your supply chain partners changing rapidly, getting a clear picture of operations is a little like trying to hit a moving target.

The right ERP solution addresses that challenge by pulling all the data you need from multiple sources into one system so that you can easily use it for analysis and reporting. With intuitive dashboards and built-in reporting capabilities, you can quickly get a 360-degree view of your company and gain the insights you need to make good decisions, whether you are dealing with a global pandemic or not.

Acumatica: A Cloud-Based ERP for Manufacturers

Acumatica Cloud ERP – Manufacturing Edition is made specifically for the manufacturing industry. It offers a complete, multi-site manufacturing control and planning system for manufacturers of any type, including make-to-stock, make-to-order, configure-to-order, engineer-to-order, project-centric, job shop, repetitive, and batch manufacturing.

It is a complete manufacturing automation solution that integrates shop floor with sales, accounting, ordering, projects, and inventory in real-time. With Acumatica, you can know exactly where you stand at any moment with real-time reporting and analytics. It also enables real-time collaboration with staff, customers, and suppliers from a single source of truth for your company.

NexTec is proud to be an Acumatica Gold Certified Partner. Since 1994, NexTec Group has been in the business of software, and as a leading reseller of Acumatica, we have helped manufacturers just like you to implement the solution and realize the benefits of Acumatica. Take the Acumatica product tour today and discover how to streamline your manufacturing business.

Take the Acumatica product tour

Female construction worker with orange hard hat and vest.

Acumatica: Ideal for Field, Professional and Oilfield Services

By | Acumatica Cloud ERP, ERP, Field Services, Oilfield Services, Professional Services | No Comments
Female construction worker with orange hard hat and vest.

Oilfield services companies need solutions that allow for precise project accounting, data collection and analytics.

If your company is in the business of service, such as a professional firm or a resources exploration company, you need a way to keep everyone connected.

With the right ERP (Enterprise Resource Planning) software, you’ll have the power to connect your business’s core components with your service teams and help them be more productive and coordinated. As a result, you’ll have better outcomes for your business and your customers.

An ERP in the Cloud is even better because service teams will be able to access ERP data no matter where they are and at any time as long as they have an internet-enabled mobile device. Field service management, professional service management, and oilfield service management will all benefit with a Cloud ERP.

A Cloud ERP solves these common challenges for service companies:

  • Unites teams and departments with the bigger picture
  • Helps meet customer expectations for reliability and on-time delivery
  • Helps ensure compliance with local, state, federal, international, and industry mandates
  • Centralizes company and client knowledge that all teams can access

Acumatica Cloud ERP is designed to deliver on the greatest needs of field service management, professional services, and oilfield services. Here’s how:

Field Service Management

Field service management operations have to address a wide range of customer demands and complexities in scheduling, operational efficiency, and logistics. Among the common challenges are:

  • More product complexity as the variety of and technology used in products grows. Items such as refrigerators, washing machines, and HVAC systems are increasingly “smart.” These connected devices require technicians that can address mechanical and digital issues
  • Increased competition in both product sales and service providers
  • Ever-increasing customer demands and expectations
  • Staff turnover due to retention challenges and an aging workforce

Professional Service Management

Professional service firms are selling an intangible product – time and knowledge. Their challenges are related to workload management and balancing client services with sales and marketing. Consulting, law, accounting, and other professional services businesses are looking for:

  • Streamlined professional service management
  • Commercialization of data and insights delivered via automation solutions
  • Technology that can automate complex processes by breaking them into simple components such as research, data analytics, document assembly, contract management, and project management
  • Data agility for better collection, storage, reporting, and usage of large amounts of information that provides faster, accurate insights and solutions for clients
  • Efficient technology that lets employees focus on critical, strategic tasks instead of administrative responsibilities

Oilfield Service Management

Complex oilfield service management projects occurring in multiple geographies require tools to collect and transmit large data sets in real-time that can inform key decisions. Oilfield services companies often grapple with:

  • Managing and planning for risk
  • Maintaining financial control across projects in different areas and under different legal structures
  • Supporting upstream players via repair and maintenance of wells and drilling equipment, drilling rig leasing, and seismic data processing
  • Real-time visibility into production costs, yields, and outcomes
  • Data sharing across multiple systems
  • Improved production planning
  • Compliance with multiple regulatory mandates
  • Optimizing field logistics and the supply chain
  • Tracking equipment and other assets

These challenges are among the core reasons to use a Cloud ERP.

Work on site.

Field services companies are facing increasingly complex products and more demanding customers.

Advantages of a Cloud ERP for services companies

Why are more service companies turning to Cloud ERP to help manage their businesses? Because Cloud ERP brings all departments together into one system and allows everyone to access data and reports any time and anywhere.

Here are some of the advantages of choosing a Cloud ERP:

  • Integration. Eliminate costly third-party integration services, expensive add-ons, and increase efficiency with a completely integrated system that provides a single source of truth and can be used across the company.
  • Accurate, efficient data. With one data source, there’s no need to re-enter information in different systems, resulting in fewer errors and more accuracy.
  • Streamlined operations. Processes for working together and sharing data are streamlined with everyone working in one Cloud ERP across the company, including finance, customer relations, distribution, project management, operations, project accounting, and service management.
  • Anywhere access. With cloud-based access and mobile applications, users can access information, files, and reports from any internet-connected device at any time and from any location.
  • Security. Service companies have legal and regulatory mandates for how data is collected, stored, and used, especially client data. A top-notch Cloud ERP is very secure using the most rigorous encryption and software protection.
  • Lower operational costs. With Cloud ERP there is no on-premise equipment to install, configure, maintain, and upgrade.
  • Production planning.  Companies can use predictive analytics to maintain production schedules and keep up with demand.
  • Scalability. As your business grows, your Cloud ERP scales with you.
  • Relationship management. By giving your off-site teams access to information. They will be able to answer customer questions and know the current status of the account while on the job. In addition, you can give your partners, suppliers, and customers access to their own data so they will be able to see the status without making a call to your office. Management will benefit from a 360-degree view of customer interactions with sales, marketing, finance, fulfillment, and customer service.
  • Customer management. Manage leads, contacts, accounts, and cases with a consolidated view of all prospects and customers.
  • Automated sales and marketing. Integrate your Cloue ERP with sales and marketing automation tools that track, manage, and assign leads to sales teams, resulting in shorter sales cycles and increased closed-business rates.
  • Contract and order management. Use company-defined sales workflows to expedite orders and contract creation and execution with tools to handle discounting, flexible pricing, variable service rates, and long-term or warranty-specific support cycles.
  • Adaptability. Cloud ERP is designed to respond to ever-evolving and changing customer demands for better service, incorporating cloud computing, business intelligence, analytics, automation, e-commerce, and mobile technologies.
  • Better insights and productivity. Business processes intelligence tools and dashboards deliver insights into client trends and purchasing patterns that increase billable hours and staff productivity.
  • Integrated document management. Share invoices, customer interactions, inquiries, and contracts across disciplines to provide consistent and coordinated service. Automated and rules-based workflows route documents, track activity, avoid delays, and signal when a step in the process is behind schedule.
  • Logistical control. Dispatch calendar boards optimize travel routes, rearrange appointment orders, schedule, and dispatch employees to the right job at the right time.
  • Time and expense management. Make timesheet and expense report entry easy for your employees, subcontractors, and partners with capabilities on mobile devices. Accelerate project cost collection and reporting by consolidating expenses and allocating shared expenses.
  • Project accounting. Manage project budgeting, billing, and profitability across projects, employees, materials, resources, and tasks. Project accounting integrates with general ledger, accounts payable, accounts receivable, and inventory management.
  • Improved cash flow. Fulfill orders and requests faster with fewer mistakes which translates to faster collection and reconciliation.
  • Collaboration. Cloud ERP streamlines internal collaboration and partnership with freelancers, contractors, partners, and customers.
  • Employee empowerment. With a single source of data and a complete view of client engagement, employees have a more complete understanding of relationships, can make better decisions, and can deliver better service.
  • User-friendliness. Cloud ERP lets users customize views, displays, reports, and dashboards using fields and data that are most relevant to their work. Browser-based drop-down menus, point-and-click functionality, and visualizations make the platform easy to use quickly.
  • Software integration. Cloud ERP can integrate seamlessly with other work productivity applications such as the Microsoft Office. It can also integrate with credit-card processing, barcode, project management, e-commerce, print, promotion, and supply chain solutions.
  • Reliability. Because Cloud ERP lives in the Cloud it can be accessed even when the company itself is shut down because of adverse weather or a pandemic.
  • Data recovery. Cloud ERP backs up data and includes recovery services, ensuring minimal disruption and fast restoration of your data in case of a natural disaster or a cyberattack.
  • ERP vendor support. Your Cloud ERP vendor can customize your ERP solution to the way you work and support you with the functionality you need in your business.

Acumatica Cloud ERP

Acumatica Cloud ERP – Service Edition is designed with the service industry in mind. Its applications meet specific needs for field services, professional services, and oilfield services providers, including:

  • Financial Management
  • Project Management and Accounting
  • Inventory Management
  • Equipment management
  • Warranty management
  • Service contract management
  • Scheduling, dispatching, and call center
  • Route planning with maps
  • Mobile ERP accessibility
  • Dashboard and business intelligence
  • Emergency service calls
  • Business Process Management
  • Sales Order Management
  • Purchase Order Management
  • Time and Expense Management
  • Service and Support Automation
  • ERP Vendor Expertise and Ongoing Support

As a gold-certified Acumatica partner, NexTec Group has helped many field service, professional service, and oilfield service companies implement Acumatica and maximize it for their unique company needs. Our skilled consultants have extensive knowledge and experience in the service industries and can help you configure Acumatica and integrate your other systems to build a strong, integrated business management system. We provide training, insights, and support to ensure your business gets the most return from your investment.

To learn more about how NexTec and Acumatica deliver exceptional products that solve your services company’s most critical business needs, take a tour of the cloud ERP for growing businesses today!

Additional resources

Here’s how Acumatica can save your field service business

How to choose an Acumatica partner

The Acumatica difference: 5 reasons growing companies choose the fastest-growing ERP solution

Growing companies rely on Acumatica Cloud ERP’s scalability

By | Acumatica Cloud ERP, ERP | No Comments

Many companies reach a point where they outgrow their entry-level or legacy business and accounting software. Perhaps they were using QuickBooks, or a dated on-premise software to manage day-to-day accounting needs, order management, supply chain management, and financial tasks. Eventually, these needs expand and call for more comprehensive software that offers more flexibility, more features, and room to grow.

Let’s take a look at what makes Acumatica’s Cloud ERP system an excellent solution for organizations in need of software that will grow with them.

Cloud Computing Is Inherently Scalable

A cloud ERP system is built in a way that makes it relatively easy and affordable (for even the smallest companies) to expand, ramp up, add functionality, integrate new systems, and more. The shared tenancy model of a cloud-based ERP solution means that costs are spread across a large number of customers who take advantage of upgrades and updates automatically, all without much major support required from an internal IT team. Learn more.

Consumption-Based Pricing Model

There’s no need to worry about pricing, as Acumatica is designed to suit companies at all stages; you won’t be tied to a specific number of users, but instead will only pay for resources you actually need. If you want to add users, whether they’re casual users, suppliers, or customers, there are no additional charges. Just create the new users. This enables your entire team to utilize the system. All applications, from order management to accounting to payroll to supply chain management, can be integrated at any time with a platform approach to software. Determine your needs as you grow; this isn’t a typical one-size-fits-all solution. Explore the details of Acumatica’s pricing.

No Extra Costs to Hold You Back

A growing company needs a platform that evolves with it. When entry-level or legacy software is likely no longer supporting efficient management and achieving results, it’s time to focus time and effort on solving real problems. Technology moves quickly, so software systems should adapt and scale with change. An increase in headcount shouldn’t cost more money. Business needs should define your cloud-based ERP solution and scale accordingly. Say goodbye to incrementally increasing maintenance fees and limited-user license fees that add up and reduce profit margins. Acumatica is designed to eliminate these frustrations so nothing is holding you back from growth!

Agility Leads to Action

Acumatica is designed to enable a ready-for-action organization. Real-time data and insights are available on-demand, so decision-makers can immediately spot areas needing improvement and take advantage of opportunities. This is required to make actionable decisions, to keep up with and surpass competitors, to be responsive to customers, and to drive future growth. Other solutions don’t necessarily offer the computing power, functionality, and tools to drive the business forward; they’re simply keeping up with the status quo. Acumatica delivers more.

Mobility Drives Productivity

Acumatica’s Cloud ERP solution is meant to be mobile, In fact, it’s built for mobility! Users can access their tools anytime, anyplace, and remain productive around-the-clock, whether they’re on their laptop or smartphone, in the boardroom or living room. This makes a difference to companies today. Acumatica is ready to be mobile; implement the software and your employees will have mobile access right away.

Maximizing the capabilities of Acumatica ERP means having a trusted Cloud ERP vendor to guide you through the implementation journey. As a Gold Certified Acumatica Partner, NexTec is uniquely positioned to help businesses make the most of their Acumatica ERP solution investment and gain a strong return on investment. To learn more about how NexTec and Acumatica can help your organization scale, take the Acumatica tour today and discover streamlined business management.

 

The Acumatica Difference

The Acumatica difference: 5 reasons growing companies choose the fastest-growing ERP solution

By | Acumatica Cloud ERP, ERP | No Comments
The Acumatica Difference

From its true-cloud design, resource-based pricing models, or commitment to innovation, businesses who make the move to Acumatica are reaping the rewards.

Growing companies have a choice of what cloud-based software they want to implement. What draws Acumatica customers to its cloud ERP solution? From its true-cloud design (with flexible deployment if you see fit), resource-based pricing models, and commitment to innovation, Acumatica delivers big rewards to businesses that make the move to its ERP system.

Acumatica is an enterprise resource management solution that streamlines processes and facilitates inventory management, purchase order management, project accounting, supply chain management, and much more.

There are abundant reasons to choose Acumatica, but here are just five key benefits to consider:

1. Truly Cloud-Native App

While some cloud ERP systems are simply cloud versions of legacy, on-premises ERPs, Acumatica is truly cloud-native. That means that you never have to worry about outdated practices such as being charged exorbitant maintenance fees and being forced to purchase unrelated products to expand your business.

Instead, Acumatica takes a fresh approach. From its inception, Acumatica has lived in the cloud, providing flexibility and choices that make a real difference for your enterprise. Since markets and products change rapidly, your business needs an agile ERP that evolves and confers a competitive edge. Acumatica does just that.

2. Flexible Deployment Options

Are you looking for a management solution you can host on your own hardware with updates installed on-site? Would you rather fully outsource the administration of your ERP with automatic software updates? No matter what approach you choose, Acumatica can handle your deployment.

Unlike many ERP suppliers, Acumatica does not take the “one-size-fits-all” approach. Acumatica offers customers the opportunity to determine what’s best for their business. You can get started with Acumatica in whatever way works for your current IT environment. Acumatica is built for flexibility, so you can be as flexible as you need to be as well.

3. Different Licensing Choices

With Acumatica, pricing is determined based on your individual needs. Choose either an annual subscription or purchase a perpetual license – it’s up to you!

Unlike other software providers, Acumatica offers unparalleled flexibility. What applications do you want to start using now? Are you looking for a SaaS subscription, private cloud subscription, or a private license that fits your needs over time? Weighing both the volume of your business transactions and data storage, what are your needs?

Your cost is based on the features and resources you choose to utilize: opt into a plan to add casual users, suppliers, and customers without paying for additional licenses.

A growing company needs a management solution that is flexible enough to grow with it. With Acumatica, pay for only the resources you use.

Learn how the cloud has changed the game in ERP pricing and how the Acumatica ERP system has changed the cloud pricing game.

4. Mobility

Mobile devices are widely used in the boardroom to the living room and everywhere in between. Whether you’re using smartphones, tablets, or laptops, access to resources is vital to stay ahead of the curve.

Organizations armed with a cloud-based ERP will have a mobile advantage over companies tied to on-premises solutions. Overlooking this cutting-edge technology impedes growth and profitability because it makes companies unable to flex and adapt.

Acumatica’s cloud-based ERP provides customers with the tools to succeed. Make monumental changes that enable your workforce rather than straining resources. Let go of legacy systems and applications to avoid bigger problems in the future.

The current generation of workers will see great advances in mobile business over the next decade. They need anywhere, any time access to functionality such as inventory management, purchase orders, project accounting, and supply chain management. Give them want they want and need to do their jobs effectively with Acumatica, and watch your business thrive in a rapidly evolving technological landscape.

5. Platform Approach with Vertical Options

The Acumatica cloud-based ERP takes a collaborative approach that accelerates innovation. Its open platform offers you the opportunity to plan a product roadmap. Align with partners to fill gaps and provide functionality that meets specific needs.

Acumatica uses fluid features and functions through vertical “editions.” Take a step forward and align your company with an industry-specific platform that’s designed to grow with you.

Fit and functionality are vital components of your unique product delivery. Learn more about the different editions of Acumatica and what they provide for your business. Check out the solution for your industry from the list below:

Your Next Steps: Contact NexTec

There are many reasons that companies like yours choose to work in the cloud, but there is only one way to work with Acumatica—an Acumatica Partner. Without internal sales or implementation staff, Acumatica relies on experts like those at NexTec Group to implement, customize, integrate, and deliver the software for you.

If you are looking to understand your path to effective and innovative Cloud ERP, we invite you to download a free guide from Acumatica: Navigating ERP Selection and Implementation: A 5-Step Process. This guide will show you the process from realizing your needs to choosing your solution and ultimately implementing your final choice.

NexTec Group is a gold-certified Acumatica partner. We would be happy to tell you more about Acumatica, learn about your needs, and discuss your options. Drop us a line to learn more.

Real-time data

Use real-time data to maximize field services business in 2020

By | Acumatica Cloud ERP, Field Services | No Comments
Real-time data

How could having real-time data in one centralized hub help your business?

The field services industry depends on data. Companies need to track orders, customer experience, and other ever-changing details. To maximize your business, you need this information in real-time.

The success of any field services business always depends on the amount of fleet and workforce management data that is collected. Technology can help you gather this information, which can be used to determine trends and improve the customer experience. Companies who analyze and use this data will optimize business operations and the services they provide.

Use analytics

Analytics is a major part of the optimization process. A recent study revealed that field service organizations deploying analytics technology could experience a service profit increase of 18% and a customer retention rate of 42%. These best-in-class companies were successful because they leveraged the power of this technology in their day-to-day operations.

How analytics improves customer service

Field service organizations depend on excellent customer service for growth. Positive experiences yield customer loyalty and future revenue.

Customers will measure the credibility and integrity of an organization based on the type of work performed and the effectiveness of the information communicated to them. Best-in-class companies will improve operations by using real-time analytics to improve customer experience in areas such as:

  • Reducing travel time
  • Optimizing scheduling
  • Setting customer-centric service delivery goals

Customers notice when field service employees are on time for appointments and when a problem is resolved during the first visit. This results in repeat business and positive reviews.

Paying attention to what the analytics say about the customer experience will help you always place clients at the center of what you do. While it is important to reduce costs where possible, you should never do so in a way that will compromise quality. Fortunately, there is one tool that will always help you exceed customer expectations while increasing profits.

Why use field service ERP software?

Enterprise Resource Planning (ERP) software will help your field services business succeed by placing all your information in a centralized hub. This is just one way the Acumatica Cloud ERP solution can help you deliver the highest level of service to your customers.

The Acumatica enterprise resource planning software is a flexible, robust system that will give you real-time access to data such as:

  • Finances
  • Inventory
  • Warranty management
  • Dispatching
  • Product recalls
  • Traffic delays
Field service team working on machinery.

Field service teams need the right tools to improve their performance. Having real-time data gets the job done more efficiently.

Acumatica brings all these disparate areas together, giving you a clearer picture of the cost and efficiencies for each line item. The Acumatica ERP solution allows you to track finances through each phase from start to finish.

Customer relationship management (CRM), is an integral part of the Acumatica software. Acumatica makes your customer information visible throughout the entire company. This gives you a 360-degree view of all data. The more you learn about your customers, the better you can serve them. With an ERP system, you can see your marketing, quotes, project building and services provided to customers all in one place.

The Acumatica Cloud ERP solution helps you accomplish more in less time. Service contracts and warranties are time-consuming to manage. This process becomes much easier with Acumatica enterprise resource planning software. It’s the one tool you need to streamline all your processes so your data is always available in real-time.

Want to get the most out of your Acumatica Field Services ERP solution? Let NexTec be your partner, and manage your data, field service teams and customers like never before.

Contact us today for more information on what a field services ERP can do for you and Find out how Acumatica stacks up against the leading systems on the market in this free report.

Cup manufacturing plant.

Your ERP choice and KPIs for your manufacturing business

By | Acumatica Cloud ERP, ERP, Manufacturing | No Comments
Cup manufacturing plant.

The discrete manufacturing industry is constantly changing to adhere to new product demands.

Tracking manufacturing KPIs allows companies to produce affordable goods without compromising quality.

The discrete manufacturing industry is constantly changing to adhere to new product demands. The enormous competition to produce affordable goods requires companies to track key performance indicators (KPIs).

This can be accomplished most effectively using the right enterprise resource solution (ERP) for your manufacturing business. According to ERP statistics from Datix Inc., 95% of businesses see major improvement after implementing an ERP through collaboration and a reduction in process times.

What are manufacturing KPIs?

KPIs measure the performance in an organization, and are indicators of how well a company s doing in terms of quality and sales. These measurements are typically taken using sophisticated reporting and analysis. Business intelligence (BI) tools such as graphs, charts, and dashboards are frequently used to represent them.

KPIs are used by manufacturers to evaluate success using objectives that are critical to the business. This information enables company leaders to make sound decisions by giving them relevant, real-time data, which is invaluable in today’s highly competitive market.

What KPIs should you track?

The KPIs you track will be based on your business needs. For example, a discrete manufacturing organization may require up-to-date geographic information about materials while they are in-transit due to the sensitive nature of ingredients. Conversely, a B2C company might need to track the status of on-time deliveries since this can improve customer retention rates and positive communications through word-of-mouth.

Examples of discrete manufacturing KPIs

The following KPIs are common to many manufacturing businesses. Keep in mind your business workflows will determine the specific KPIs you should track.

Cycle time

Cycle time is an important KPI because it tracks your product from the beginning to the end of creation, then from a finished product to shipment. This is often referred to as the supply chain cycle time. Tracking this information will help you determine how to increase production speed while retaining quality, and can be easily tracked with the right manufacturing ERP solution.

Automotive manufacturing plant.

Whether you make cups or cars, cycle time is a critical metric.

Inventory deviation

As a manufacturer, you deal with inventory lists on a regular basis. You understand what happens when inventory levels vary from those that have been manually marked. Though you carefully track all materials that leave your plant, the deviation can still occur. You can track this KPI and lower the deviation rate with the right manufacturing ERP solution.

Costs

Tracking all your production costs can be problematic. The cost of every ingredient and production activity must be tracked. A manufacturing ERP solution can show you every cost in the production process, including labor, materials, handling, distribution and more.

Benefits of an ERP solution for discrete manufacturing

ERP systems were originally developed to keep track of processes used in discrete manufacturing. This helps eliminate waste and shortens production time. Recent ERP statistics show the adoption of ERP software for mid-sized businesses was slated to grow at a CAGR of 7.9% between 2014 and 2020.

ERP solutions perform numerous functions, which include:

  • Inventory management
  • Financial management
  • Supply chain management
  • Customer relationship management (CRM)

The right ERP solution will be tailored to meet  manufacturing needs. Customization options are also available to align with different industries.

Acumatica provides key benefits for your discrete manufacturing company. Coordinate business activities with real-time information, and adapt the software to the continuous growth of your business.

Meet schedules and track costs, while integrating production planning with customer management. All financial reports will be made available to help you manage multiple sites when you use the Manufacturing Edition.

Want to obtain the best ROI for your Acumatica investment? Let NexTec help your  manufacturing business get the most out of KPI tracking today.

Want to learn more about using an ERP for your manufacturing business? Contact us today.

Technician wearing an orange hardhat while working with machinery.

5 Ways ERP improves productivity in discrete manufacturing

By | Acumatica Cloud ERP, ERP, Manufacturing | No Comments
Technician wearing an orange hard hat working with machinery.

Manufacturing ERP solutions help companies plan production, manage inventory and optimize supply chains.

For discrete manufacturers, efficiency pays off. Whether it’s managing supply chains, logistics, warehouses, inventory, distribution or finances, efficient operations lead to more productivity, faster turnaround times and satisfied customers.

Discrete manufacturing customers benefit from using an enterprise resource planning (ERP) solution that drives efficiency at every turn. Instead of using generic business software tools, consider a manufacturing ERP that gives your company better operational efficiency. Here are 5 ways ERP improves productivity in discrete manufacturing.

Tip #1: Manage your scheduling better

A manufacturing ERP system helps in planning all facets of production. With Acumatica ERP for discrete manufacturing, your business can plan materials and resources, including equipment, capacity, people and skills. Acumatica’s manufacturing ERP software lets you coordinate demand management, forecasting, material planning, master scheduling, and capacity planning. All these functions integrate with finance, HR, procurement and inventory management.

Tip #2: Project costing with improved accuracy

Cost management requires collecting and using data throughout the manufacturing process. Your Acumatica ERP system can collect cost data and embed that information throughout the business. By placing cost information into functions such as bill of material and routing, production management, inventory management, purchase order management, estimating and sales order management, your company can better predict and manage cost-related decisions. This solution lets your track purchases to a specific work order, support substitute operations and materials, and track stock and non-stock materials to be used for a production order.

Tip #3: Keep track of inventory

Inventories are the key to keeping production on track. Inventory management software helps you manage costs, multiple warehouse locations, different valuation methods, and matrixed inventory needs. Acumatica’s inventory management tools include expiration date management, lot and serial numbering, transaction reason codes, two-step transfers, inventory bin and location controls, inventory sub-item management and automated purchase orders. Integrate your inventory management with CRM tools, allowing for sales order discounting and promotion, transparent relationship management and shared contact information.

Technician working on machinery.

The Acumatica ERP helps manage inventory and warehouses for optimal efficiency and better customer service.

Tip #4: Gain control of your supply chain

Whether your business is make-to-order, make-to-stock or engineer-to-order, repetitive or batch manufacturing, having a clear view of your supply chain management is important. Gain transparency throughout your supply chain with a single source of truth via automated business processes, real-time data collection and analysis, financial analysis and business forecasting that help with supplier management and production costs. With Acumatica, the software scales as your business grows, allowing for better supplier relationships and expansion that’s not slowed by technology.

Tip #5: Boost customer satisfaction with better warehouse management

Knowing where orders and finished goods stand is essential for positive customer relationships. Advanced warehouse operations improve receiving, inventory management and order fulfillment functions. Scanning solutions using barcodes and mobile devices lead to less waste, reduced costs and more satisfied customers.

Acumatica’s discrete manufacturing ERP solution is an agile, integrated way to manage your business. At NexTec, we help companies identify, implement and optimize their business software to maximize ROI and keep operations running smoothly. NexTec and Acumatica are the right partners when you want an ERP solution platform that keeps your company connected, efficient and operating at peak levels.