In previous versions of Acumatica ERP, creating pro forma invoices for projects was a task tied to the project billing procedure. Users could only manually create these invoices if the migration mode was activated for projects. However, with the release of Acumatica ERP 2024 R2, this process has been significantly streamlined.

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A project quote in Acumatica ERP is a document used to estimate the potential revenue and costs of a project. This quote is sent to the customer for review and can be modified as needed until both parties reach an agreement. Once the customer agrees to the terms, the project quote is converted into a project. If no agreement is reached or internal approval is not granted, the quote is rejected.

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Acumatica has made significant updates to its anomaly detection features with the 2024 R2 release.

With Acumatica ERP’s anomaly detection feature, supply chain managers can identify irregularities in numeric columns of generic inquiry forms. For instance, they can quickly spot records with unusually high or low amounts compared to others. This functionality helps managers monitor data values, correct entry errors, and avoid poor business decisions based on inaccurate data. Additionally, sales and purchase managers can leverage anomaly detection to identify data deviations, such as unusual amounts, totals, or costs, through system analysis.

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In earlier versions of Acumatica ERP, there were no tools for approving reconciliation statements. However, in Acumatica 2024 R2, administrators can configure approval workflows for reconciliation statements to align with the organization’s internal controls and financial audit requirements. This setup allows designated users to approve or reject reconciliation statements as needed. This functionality must be turned on using the Enable/Disable feature within Acumatica.

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Acumatica’s second release of 2024 brings over 350 updates and changes to the system. The commitment to customer success through technological innovation shines through this new release, and many of the new product features will enhance agility, efficiency, and security.

We are excited to review the new feature updates over the coming weeks. Acumatica and Polaris Business Solutions make it easy for customers to stay up to date with new releases and product updates.

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Expenses at work come up all the time and employees either have to pay for them with a personal credit card or a company issued card, if they are granted access to one. By using a corporate card, employees can easily categorize these expenses and track them in Acumatica. The expenses for a project can be easily tracked and logged right to a project while in the field.

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