Fantastic system!
January 31, 2024

Fantastic system!

Jasmine Merz | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Software Version

Construction

Modules Used

  • FInancial Management Suite

Overall Satisfaction with Acumatica

This allows a quicker pace and more accurate review of AR and AP entries. I am able to track my teammates entries and quickly make changes if GL are coded inaccurately. It also allows for an ease of use between multiple brands and tenants. Seamless movement and durability makes for a great user experience. We use it for managing project costs, integrating into our additional ERP Soho system, so we use it to track job costs, use it to track our fixed assets. All sorts of our finance modules come out of there. We use it to keep our day-to-day finances in order and to know when things are going on and to make sure that everything's running seamlessly.

Pros

  • Accounts payable module
  • Construction project module
  • Finance funds transfer module
  • The project module and the construction, it allows us to see the balances real time, so every time an invoice is entered or entered incorrectly, we're able to find it. We're also able to compare that to the budget revenue on each project and know when we're crossing lines and hoping we need to reevaluate our costs.

Cons

  • Customer refunds via check. The ability to refund customers out of the receivables module is a really big one that we're looking for right now. We have to create a vendor for a customer refund and go into a completely different module, which is a little bit of a pain, doable, but definitely something we want to look at getting improved.
  • Customer statements including all open invoices copies
  • An easier way to lookup past payments made to vendors
  • We have increased productivity in AP entries
  • Paying checks has been significantly easier in Accumatica vs quickbooks
  • We are able to view all projects information in one place compared to original estimates budget
  • It's definitely reduced the amount of time that I've spent looking at our data and being able to collect it for our corporate and being able to give the information for month end and things like that.
We are able to provide a fully details statement and invoice. This gives them correct information and shows how detailed their project is. They are able to see this at any time they request. It's been able to give our customers the ability to pay online, so integrating Acumatica Payments has been a huge help for our customers who don't want to call into the office with their credit card, they're able to pay via a CH and just remit payment a lot quicker than they used to.
It helps with job costing and making sure that we are analyzing every single item that is entered into the ledger towards a project. We are making sure that we are constantly seeing a positive gp and when we do not we are able to pin point the direct cause. We use it to manage our balances and things like that for each specific project. It also just gives us more of a visibility of what's going on from branches and then just streamlining down to specific finance categories to see where we're spending and where we need to reallocate funds to.

Do you think Acumatica delivers good value for the price?

Yes

Are you happy with Acumatica's feature set?

Yes

Did Acumatica live up to sales and marketing promises?

Yes

Did implementation of Acumatica go as expected?

Yes

Would you buy Acumatica again?

Yes

I have found that using Accumatica has increased my productivity as well as my knowledge of our accounting realm. I am able to easily access the p&l module while also reviewing bills that affect it in an additional screen. It keeps information more streamlined than anything we used before. We're able to also not have edits to it, so everything is tracked no matter if you input it or reverse it, so it's definitely helpful to make sure that no one's putting things in that they're not supposed to and then when they do, just to be able to correct it.

Acumatica Feature Ratings

Accounts payable
10
Accounts receivable
8
Primary and Secondary Ledgers
10
Journals and Reconciliations
10
Standardized Processes
10
Billing Management
10
Cash and Asset Management
10
Budgetary Control & Encumbrance Accounting
10
Period Close
10
Location management
10
Dashboards
10
Standard reports
2
Custom reports
10
Not Rated
API for custom integration
Not Rated
Role-based user permissions
10
Single sign-on capability
10
Not Rated
Product Master Data Management
Not Rated

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