Scale to Cash Cycle
Companies across the asphalt industry have similar ways to complete their scale to cash process. No matter the company, the process depicted in the timeline below must happen for a company to drop off a product, create a sales order, a have a customer create an invoice. Many asphalt companies need a system that can manage estimates, project management, change orders, and many other items related to this industry. Typically, one system cannot handle all these functions and they must be done in several different systems making an integration challenging and difficult for the user.
Quote creating in Acumatica
Creating a quote in Acumatica starts the process of capturing all relevant information for a project in Acumatica. Information such as an address, billing method, project manager, and other project specific data is entered into the quote. Specific to the asphalt industry, Acumatica can house data in the project quote such as the asphalt price index. Once a quote is approved by the customer, it can be converted into a project with just a couple of clicks.
As seen in the screenshot, Acumatica stores all the information related to the quote previously needed for and related to the asphalt price index. The screen shows all the information related to a project, proving Acumatica to be easy to use. As shown in the photo, users can access information such as change orders, commitments, invoices, and more on the same screen. This is a powerful tool for Acumatica and a great benefit for construction users who can use this screen to get more information about the costs of the project.
Invoicing when taking the Asphalt Price Index into Account
Using the asphalt price index can be complex when used to calculate the amount and quantity needed for an invoice. Polaris Business Solutions has worked to build functionality suited specifically for Acumatica. Formulas embedded right into Acumatica have created a simple and easy-to-use system when considering the asphalt price index. The process can easily be streamlined for quoting, invoicing, and revenue recognition.