What are Acumatica’s primary benefits for CCE and the Associations? Acumatica has more standard business features than we currently have in our software including integrated systems supported by Certified Acumatica Partners such as Velixo which will provide us with more flexible reporting capabilities. The software offers unlimited user access [compared to ACCPAC, which had a limit of 60 concurrent users]. Documents can be stored and viewed throughout the system, even at the transactional level. The Cornell Cooperative Extension System will receive seamless regular updates and enhancements to the software. Acumatica also welcomes user input to drive product development and enhancement.
How will it help us in the future? Acumatica provides a paperless solution in a remote environment including centralized electronic document storage and financial processing while maintaining internal controls.
What are the benefits of having a cloud-based system? Acumatica allows your employees anytime, anywhere access, from any device to allow remote access, approvals and even auditing. There will be no need for local hardware and software management. The cloud, Amazon Web Services (AWS), offers the platform for Acumatica to remotely maintain and support the software and hardware.
How will this streamline operations? Financial procedures (from approving a voucher to distributing your financial statements) can be executed and managed remotely through any web enabled and connected device. Multiple systems are integrated into one platform – your Association customers can be integrated into the Customer Relationship Management (CRM) directly from cash sales or donations; assets are automatically depreciated without external calculations; purchase orders integrate directly with bills payable and expenses for grants and programs. Grants and contracts can be documented and budgeted at a transactional level over non-calendar fiscal years. All of this, and more, can be managed and monitored remotely.
More answers next week….
