Bellevue-based Acumatica announced last week the second of its biannual product updates, called 2020 R2.
Acumatica digitizes and integrates companies’ accounting and other business segments in the cloud for easy access.
“Acumatica 2020 R2 contains literally hundreds of improvements, enhancements, and new features, many of which were community suggestions on the Acumatica feedback site subsequently vetted and selected through focus groups,” the company said in a news release.
A key feature of 2020 R2 is its ability to automatically create accounts payable documents from vendor bills. This new feature is driven by Acumatica artificial intelligence and machine learning, the cloud ERP (enterprise resource planning) company said in the release.
Acumatica introduced self-joining tables and automatic previews to simplify how users prepare data that can be visualized on dashboards, analyzed in pivot tables, and used for real-time notifications, the release added.
Capabilities include Acumatica POS to manage over-the-counter retail sales for all of a user’s retail locations; allowing users to manage a complete omnichannel experience inside Acumatica; electronic bank and credit card transaction feeds to connect 11,000-plus financial institutions to Acumatica so users can download transactions and reconcile their bank accounts using automated processes; and Acumatica Advanced Expense Management to automate expense receipt creation from bank feeds, including rule-based assignment of financial accounts to streamline employee reimbursements and corporate credit card reconciliation.
The system utilizes existing AI/ML tools to capture receipt information at the time of purchase or send reminders to employees who need to record receipts using a mobile phone, the release said.
Acumatica 2020 R2 also includes a new integration to Shopify, using Acumatica’s commerce engine to connect to leading e-commerce applications, the company said.