AcuLoan 2022 R1 and R2 updates
With every new release of Acumatica, comes a new release and updates to the integrated services. AcuLoan has a new release for 2022 R2 with several new interface updates, changes to the loan account profiles screen, and other user experience changes. Below is a brief outline of these updates.
As shown in the screenshot below there are several new features to AcuLoan. There is a new button to take users right to the amortization schedules for a loan account. Users now have the ability to prepare loan account statements with the click of a button. Additionally, under preferences, users can see the loan statement cycle linked to a specific loan account.
On the loan account profile screen, there have been several updates to the interface and user experience. On the statements tab, users can see the history of the statements for that specific loan. The statement tab is also a new feature. Along the top of the account profile screen, the amount for the loan that is in arrears is calculated and shows along the top without having to move to another screen. Also, the information from the amortization schedule is along the bottom left hand side of the loan account screen. On the mailing and printing tab, the same information as AR appears for users to see.
These are just a few of the updates to the AcuLoan system for 2022 R2. There are other, more specific updates to the system that affect some reporting and inquiry requirements. If you think these updates would be beneficial while managing your loan accounts, please contact Polaris Business Solutions at aculoan@polaris-business.com.
AcuLoan 2022 R1 Amortization Table Updates
2022 R1 Feature Updates to Amortization Tables
Like Acumatica, AcuLoan has released a new update this year with a new set of features that have upgraded the system. The release of 2022 R1 has made changes to the amortization table. Before the updates to 2022 R1, there were only two ways to calculate using the amortization table. Those were standard and non-standard ways. With the update, see below for examples of how the amortization tables can now to calculated:
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Acumatica 2022 R1 New Feature: Improvements to Project Quoting
In the new release of Acumatica 2022 R1, the system has enhanced the project quoting functionality. The steps to create a project quote have been minimized and users now have the availability to create quotes for multiple related customers. The Projects Quotes (PM304500) screen has been enhanced for a better experience.
New Feature for Finance Improvements to Recognition of AP Documents
In the latest release of Acumatica 2022 R1, there have been several updates to the recognition of AP documents including resubmitting, searching for a vendor, and mass processing.
Acumatica 2022 R1 Feature Review: Pro Forma Invoices
Acumatica 2022 R1 has been released and there are several new features to highlight for each edition of the project. To continue with the projects/construction edition, there are a few changes to note about the Pro Forma Invoices Form (PM307000). See the below screenshot and notes with information regarding the changes.
On this form, there are several new columns that have been added. Each of these columns are pulling data in from the Related Revenue Budget Line of the project on the Revenue Budget tab of the Projects Form (PM301000).
· Revised Budget Quantity: revised budget quantity of the line
· Actual Quantity: actual quantity of the line
· Previously Invoiced Quantity: the running total of the Quantity to Invoice column on this tab
· Quantity to Invoice: billing quantity
· UOM: Unit of measure for the project
· Unit Price: Unit price
· Progress Billing Base: Basis of project billing
Acumatica 2022 R1 New Feature for Projects and Construction
Changes to the Projects Form
In previous versions of Acumatica, projects billed by progress could only be billed in the revenue that was in the budget lines. With the newest release of Acumatica 2022 R1, billing can now be done in both quantity and amount for the project. These changes are done in the project’s form. In the following sections, we will review these changes.
Acumatica 2022 R1: Release Feature Overview
With the turn of a new year, Acumatica will be releasing new product features in its 2022R1 release. Acumatica’s new release is focused on working smart on the go, global capabilities, and leading the industry. Below is an overview of some of the features that will be included for the Acumatica platform and the mobile app:
Acumatica Summit 2022 Overview
We are finally back from the annual Acumatica Summit. Over 1,800 people were gathered at the Wynn Las Vegas to see how the world’s fastest growing cloud ERP system continues its advancement.
With Day 1 came a lot of emphasis on customers, growth, and agility. The keynote session with Acumatica CEO Jon Roskill focused on showing how Acumatica has an ecosystem mentality for its growth. This ecosystem includes developers, Independent Software Vendors (ISVs), Valued Acumatica Resellers (VARs), OEMs, and of course the customers and community. Also, it has three focuses: Integration, Extensibility, and Vertical Application.
There were also three announcements made:
– Acumatica is going after a new vertical with the implementation of a Property Management Module.
– Acumatica Document Cloud will make the integration with Adobe that much smoother.
– Autodesk integration with model viewer embedded into Acumatica.
Acumatica is focused on aligning with customer needs, the democratization of tech, innovation, and growth. Jon Roskill left us with a final statement, “Thank you for trusting Acumatica.”
On day 2 we were formally introduced to Acumatica 2022 R1. Presenters started strong talking about community focus and emphasizing once more about how the customers are what makes this product what it is. They listen to what they want, and they work on building solutions that will work for the customers.
2022 R1 focuses on 3 main ideas: Working smarter on the go, unlocking global markets, and going broader and deeper with industry-leading capabilities. Some of the integrations in R1 include UiPath Connectors, where customers can easily automate repetitive tasks. Another integration is an Amazon Connector integration for those who sell on Amazon.
Acumatica focuses on enhancing the user experience and making sure they are always staying current in a fast-paced technology world. With updates to its mobile app, machine learning, and artificial intelligence, Acumatica is proving its dedication to its customers.
Summit 2023 was announced towards the end of the Day 2 keynote. We hope to see you next year at the Wynn in Las Vegas from January 29 to February 3rd! There is so much more to talk about, to hear more about Summit and new things coming to Acumatica, email info@polaris-business.com and we can give you a more in-depth breakdown.