The Use of Acumatica for the Financial Management Team
Acumatica’s cloud based ERP has the ability to give users of all different types access to data whenever they need it. This information is important to access the company’s financial health, report and analyze data, and provide accurate information to users who need it. Financial Leaders in companies need to be able to access this data quickly and efficiently and Acumatica has the tools to do this.
There are several key performance indicators (KPIs) that Acumatica can help company leaders identify and track to help the organization’s financial health be stronger, reporting easier, and ensure payments are completed on time. Some of these KPIs include:
- Revenue and Profitability Goals
- Productivity
- Financial Statements
- Closing of Periods
- Return on Investment (ROI)
These KPIs can be tracked in an Acumatica Dashboard tailored specifically for an AP/AR Clerk or Controller. The dashboard would show specific items on one screen that users can see every time they log into Acumatica. This creates visibility and efficiency to ensure statements are accurate, invoices are paid, and numbers for the year are accurate.
Not only can financial leaders see key items on one screen, but Acumatica also has several benefits for those who will be using the financial management part of the ERP. Users will be able to make accurate decisions based on information that is continuously updated in Acumatica. With all information under one system to complete both finance and accounting processes, there is no limit to the number of users Acumatica will allow accessing the system. One system for these processes will increase productivity as users do not have to enter data multiple times. Financial Management teams have the ability to track transactions for AP/AR, time management, general ledger, project accounting, and many more to aid in creating reports right in the system.
Acumatica for users on the Financial Management team has the ability to provide information 24/7 with the click of a few buttons. Acumatica has made it easy! If you are looking to update your ERP for efficient and easy-to-use financial accounting, contact Polaris Business Solutions; info@polaris-business.com.