Acumatica
January 29, 2025

Acumatica

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

Software Version

General Business

Modules Used

  • FInancial Management Suite

Overall Satisfaction with Acumatica

AP Payments, AP processing, Journal Entries, Bank Recon, Monthly Close

We use Aspire as our operating system and leverage an API. The biggest problem we face is the tie out between the 2 systems. I'd also like to point to requiring an assigned bank account at the vendor level on AP. We utilize multiple bank accounts when processing AP and we don't always know what account we'll be using. Logistically, this creates a housekeeping nightmare for us.

Pros

  • Bank Reconciliation
  • Journal Entries/Month End
  • Drill down capabilities

Cons

  • AP Payments - requiring a cash account
  • 1099s - we found this clunky if the form type isn't selected correctly - you have to update each individual transaction rather than allowing an overall update for a particular vendor
  • Faster close capability - Acumatica has allowed for all of us to be in 1 system
  • Visibility at any point into what our numbers look like
4-6 months
Acumatica has allowed for increased visibility into our financial performance. It has allowed for us to be proactive rather than reactive.
We currently utilize Acumatica to close our month (banking and journals). Our operations go through Aspire.

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?

I wasn't involved with the selection/purchase process

Did implementation of Acumatica go as expected?

Yes

Would you buy Acumatica again?

Yes

For the areas where we utilize Acumatica, (GL, AP Pmts, Bank, Month End) I've been pleased with the UI and the ease with getting data into the system (JE upload, etc.). We are unique in that we leverage Aspire for cash receipt posting, job related AP and rev rec/COGS - these transactions (the purchase receipts and AR payments) come in in a balanced state - it would be nice if we could bring some of these in posted as they are reviewed prior to syncing from Aspire to Acumatica.

Acumatica Feature Ratings

8.8
Accounts payable
8
Accounts receivable
Not Rated
Global Financial Support
8
Primary and Secondary Ledgers
9
Journals and Reconciliations
10
Configurable Accounting
Not Rated
Standardized Processes
Not Rated
9.5
Billing Management
Not Rated
Cash and Asset Management
9
Travel & Expense Management
Not Rated
Budgetary Control & Encumbrance Accounting
Not Rated
Period Close
10
Not Rated
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
Cost of goods sold
Not Rated
Order Orchestration
Not Rated
Not Rated
Pay calculation
Not Rated
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
6.3
Dashboards
5
Standard reports
6
Custom reports
8
6.0
API for custom integration
6
Plug-ins
Not Rated
7.0
Role-based user permissions
7
Single sign-on capability
7
Not Rated
Award Lifecycle Management
Not Rated
Project Financial Management ()
Not Rated
Not Rated
Project Planning and Scheduling
Not Rated
Task Insight for Project Managers
Not Rated
Project Mobile Functionality
Not Rated
Definable Resource Pools
Not Rated
Not Rated
Bids Analyzed and Compared
Not Rated
Contract Authoring
Not Rated
Requisitions-to-Purchase Orders Integrated
Not Rated
Supplier Management
Not Rated
Not Rated
Risk Repository
Not Rated
Control Management
Not Rated
Control Efficiency Assessments
Not Rated
Issue Detection
Not Rated
Remediation and Certification
Not Rated
Not Rated
Transportation Planning and Optimization
Not Rated
Transportation Execution Management
Not Rated
Trade and Customs Management
Not Rated
Fulfillment Management
Not Rated
Warehouse Workforce Management
Not Rated
Not Rated
Production Process Design
Not Rated
Production Management
Not Rated
Configuration Management
Not Rated
Work Execution
Not Rated
Manufacturing Costs
Not Rated
Not Rated
Forecasting
Not Rated
Inventory Planning
Not Rated
Performance Monitoring
Not Rated
Not Rated
Proposal Management
Not Rated
Product Master Data Management
Not Rated

Comments

More Reviews of Acumatica

  1. Home
  2. Enterprise Resource Planning (ERP) Systems
  3. Acumatica Reviews
  4. User Review of Acumatica