You may have heard the old adage that you have to spend money to make money. Let’s add to that. You should spend money on Acumatica to save extra money throughout your company. Here’s how many companies are cutting costs by using many of the features of their Acumatica ERP software.
Three ways from Acomatica to save money
Companies understand that increasing profits can be achieved by increasing total revenue while maintaining costs or reducing costs while maintaining total revenue (or doing both for the lucky few). The following three benefits are based on this time-tested formula and show how Acumatica can help businesses improve profits by saving money.
- Improve operational efficiency
a It reported in 2020 that 45 percent of the companies that responded to its study showed a significant improvement in operational efficiency. This improvement came as a direct result of the ability to reduce and eliminate manual data entry tasks, which in turn reduces or eliminates many common errors. Such errors have been taking a long time for companies to find and fix.
Another way in which companies boosted operational efficiencies using Acommatica was by improving project visibility. Project data is now available for analysis. The resulting analysis showed that some projects were more profitable than others. Those projects that were profitable can be given priority, while those that are unprofitable can be rejected.
Finally, operational efficiency improved in all companies that used warehouses for their products. Data from Acomatica enabled each company to improve its warehouse management, which in turn improved efficiency.
- Save IT cost
Companies moving from on-premises to the cloud, Acumatica ERP, see the biggest IT cost savings. They are able to reallocate IT time to other projects instead of ERP system maintenance. Many companies report that ERP upgrades were time consuming and expensive with previous systems, but Acumatica updates are so seamless that the IT department can now focus their time on other tasks rather than managing the ERP system.
- Saving licensing costs
The third advantage is the cost savings generated by the Acumatica licensing model compared to other ERP software licenses. Many ERP companies charge a per-user license fee and a monthly fee. Acumatica’s fees are based on usage, not the number of access licenses, so it’s easy for companies to give broader access to the system while still saving money.
Custom dashboards make it easy to find data
Although several features within Acumatica make it popular, one feature that stands out. The ability to customize the system dashboard interface should not be underestimated. Users can customize the design, including frequently used parts of the system, to create a quick interface with the system.
supply chain link
Another feature that saves time and money while improving ordering time and customer service is the ability to connect vendors to the system. A connected supply chain enables project, operations, and production managers to view the inventory and shipping status of much-needed supplies. It helps keep everyone updated and enables companies to provide better estimates on time of order, delivery time and more.
The more you know, the more you will benefit from Acommatica
These three benefits of Acomatica are just the beginning. Companies have reported many other benefits, including more accurate bids, improved internal communications, and better data and analytics.
In order to make the most of Acumatica cloud ERP, it helps to understand its many features and time-saving tricks. There is a free online resource from Mindover Software that provides over 20 videos of Acumatica tips and tricks and other resources to help business owners get the most out of their system. It is a free resource that is open to all visitors to their website. Find it here and get the most out of the Acomatica system:
by Certified Acomatica Gold Partner
