Even with the closed-loop processes in the sell and supply side of the business, distributors need excellent financial applications.
The accounting functions in Acumatica’s Financial Management suite include:
The Acumatica Financial Management Suite offers distributors the core set of financial applications used by the typical distributor. Each module has been developed for the complex requirements of growing multi-national organizations, and yet are effective for small and midsize businesses or startups. All the applications in the Financial Management Suite are integrated with each other and the applications in the Acumatica Distribution Suite.
More information on the Acumatica Financial Management Suite
How are distributors building the bottom line of their businesses? Here is some insight about the winners and losers from the February 2015 report, “What Has Changed in Wholesale Distribution: 2015 & Beyond”. *
All business decisions must depend on the accuracy or inaccuracy of the information available. With sales order, purchase order, inventory, and financial management, a significant amount of raw data is created. Analytics allows distributors to collect, manage and transform raw data into insight and leverage this automated intelligence.
In addition to your transaction data used in the analysis, there are many other type of business records and documents, such as images, scanned documents and external documents that will be valuable when drilling down into the transaction information. For example, a picture of a damaged item can be electronically attached to a returned product record or a copy of an original vendor invoice attached to the related credit adjustment.
Large quantities of information are most useful through the extensive use of business dashboards. The Acumatica system can monitor the key metrics for each functional grouping. When anything on a dashboard raises questions, the drill down into summary and detailed information is immediately available. This empowers executive management to understand the overall and departmental performance for faster and more accurate decision-making power.
Workflows identify a consistent and repeatable pattern for a given business process. The process is depicted as a sequence of steps within a single department or across the organization. The “work” is moved through the process by the completion of the prior step. For distributors, this means that the steps in processes are clear and less variable, and the potential for missed or differently-managed steps is reduced.
Mobile devices are everywhere and business leaders are relying on them to store information (calendars, telephone numbers), communicate (email, txt), and supply answers to questions (search, maps). Mobile devices are valuable to the fast-paced business world, and distributors shouldplan to empower every employee to access fast, accurate, and relevant information on any device, anytime, anywhere.
The Acumatica platform provides workflow, collaboration, analytics, and mobile throughout all parts of the ERP and CRM solution set.
Crestwood Associates LLC.
(Formerly Stanley Stuart Yoffee & Hendrix, Inc.)
1060 Maitland Ctr Commons Blvd.
Maitland, FL 32751
6750 N. Andrews Ave.
Ft. Lauderdale, FL 33309