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ACUMATICA READIES RELEASE Featured

Jon Roskill, Acumatica Acumatica has introduced Acumatica 2018 R2, described by the software company as a major release. Available on September 19, the release features major enhancements to core modules and industry editions

CEO Jon Roskill said at this week’s release event the new version benefitted from $25 million in investment received this year, with a big chunk of the funds going to development. “We have hired at least another 30 developers on the product line,” he said. Roskill also said there have been changes to core financial modules because “We are selling to more and more large companies, more international companies.” Enhancements include multi-entity accounting, updated Tax Calculation Integration and support for deferred revenue recognition for ASC 606 compliance. The release additionally features improved discount and landed cost functionality for Distribution Management; allocation and prepayment features for Field Service Edition and additional sales order processing workflows for the Commerce Edition. Execs were high on side panels, which display and manipulate details of specific records in a window on the same screen. Reporting also displays pivot tables alongside Generic Inquiry results. Users can also now string reports together by creating multiple reports for merging into a single package before sending them as HTML or PDF files.

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