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Acumatica

Acumatica Financial Management

Composite Score

7.7 /10

CX Score

7.9 /10

27 Reviews Write a Review

What is Acumatica Financial Management?

Financial management software provides businesses with a full suite of accounting functions to track daily financial operations and generate quarterly and annual financial statements. In addition, it provides tools for reporting, analysis, budgeting, and planning.

Company Details

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Acumatica Financial Management Ratings

Real user data aggregated to summarize the product performance and customer experience.

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

82 Likeliness to Recommend

100 Plan to Renew

78 Satisfaction of Cost Relative to Value

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Emotional Footprint Overview

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

+80 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love Acumatica Financial Management?

4% Negative

16% Neutral

80% Positive

Pros

Respectful
Trustworthy
Fair
Altruistic

Feature Ratings

Average 80

General Ledger Chart of Accounts

Expense Management

Reconciliation

Dashboards, Analytics and Reporting

Accounts Payable Purchase Orders

Project Accounting

Accounts Receivable Invoicing

Integration APIs

Cost Revenue Tracking

Budgeting Forecasting

Cash Flow Management

Vendor Capability Ratings

Average 77

Breadth of Features

Usability and Intuitiveness

Availability and Quality of Training

Vendor Support

Ease of Data Integration

Ease of IT Administration

Business Value Created

Product Strategy and Rate of Improvement

Quality of Features

Ease of Implementation

Ease of Customization

Acumatica Financial Management Reviews

Jade H.

Role: Finance
Industry: Manufacturing
Involvement: IT Development, Integration, and Administration

Validated Review

Verified Reviewer

Submitted Oct 2024

Vast range of beneficial processes

Likeliness to Recommend

10 /10

What differentiates Acumatica Financial Management from other similar products?

The in-depth information provided by Acumatica has helped our company so much.

What is your favorite aspect of this product?

All of the information and status updates are live and can be accessed anywhere there is access to the internet. The software is easy to use and user friendly.

What do you dislike most about this product?

Some of the reporting, inquiries, and dashboards can be temperamental and the data tables and software updates get glitchy in my opinion.

What recommendations would you give to someone considering this product?

Do your homework, know exactly what and how you are planning to use the software. Get as much information from each department as to what are key features needed for them to do their job and what would be beneficial that you don't currently have.

Pros

Performance Enhancing
Respectful
Altruistic
Acts with Integrity

Cons

Charges for Enhancements
Under Delivered

Daniel J.

Role: C-Level
Industry: Manufacturing
Involvement: Business Leader or Manager

Validated Review

Verified Reviewer

Submitted Oct 2024

Robust all in one platform that is intuitive

Likeliness to Recommend

9 /10

What differentiates Acumatica Financial Management from other similar products?

The primary benefit for us was the dynamic pricing model where our annual fee is determined by the number of business transactions completed each month. This gave us cost certainty in a highly volatile business environment where our sales fluctuate dramatically from year to year.

What is your favorite aspect of this product?

I love how the transactions are all linked together through all the different modules. There are reference numbers for every transaction that allow click-through traceability for transactions all the way through the system.

What do you dislike most about this product?

It does not handle inventory kits very well, and that is a large portion of our business so we have had to fight the system when it comes to kitting rather than the system help make it easier.

What recommendations would you give to someone considering this product?

Think about any non-traditional business practices you may have and be sure to know if Acumatica can accommodate those practices.

Pros

Helps Innovate
Trustworthy
Fair
Acts with Integrity

Martin M.

Role: Finance
Industry: Technology
Involvement: Business Leader or Manager

Validated Review

Verified Reviewer

Submitted Oct 2024

Easy to use, but nothing out of the ordinary.

Likeliness to Recommend

7 /10

What differentiates Acumatica Financial Management from other similar products?

Robust solution

What is your favorite aspect of this product?

Customizable

What do you dislike most about this product?

Some modules are slow.

What recommendations would you give to someone considering this product?

Test its features in a free trial.

Pros

Performance Enhancing
Enables Productivity
Effective Service
Saves Time

Cons

Commodity Features
Slower Product Innovation
Less Inspiring

How We Deliver

Acumatica Financial Management

What is Acumatica Financial Management?

Company Details

Need Assistance?

Acumatica Financial Management Ratings

82 Likeliness to Recommend

100 Plan to Renew

78 Satisfaction of Cost Relative to Value

Emotional Footprint Overview

+80 Net Emotional Footprint

How much do users love Acumatica Financial Management?

Pros

Feature Ratings Average rating of all product features, some of which may not be shown below

General Ledger Chart of Accounts The general ledger contains the organization’s accounts for recording assets, liabilities, revenue, and expenses.

Expense Management Includes all aspects of expense forms design, completion, submission, limits and compliance, and reporting.

Reconciliation Functionality that ensures that two sets of records (usually the balances of two accounts) are in agreement.

Dashboards, Analytics and Reporting Includes historical & real-time dashboard visualizations, detailed & summary reporting, forecasting & easy data extraction for data analysis.

Accounts Payable Purchase Orders Record of debts owing for an organization. Sometimes includes a purchase order capability

Project Accounting Ability to track, report and analyse financial results and implications at an individual project level

Accounts Receivable Invoicing Record of claims for payment for goods or services provided. Usually includes a customer invoicing capability

Integration APIs Ability of the software to interface with legacy and other third party applications.

Cost Revenue Tracking The process of recording, classifying, analyzing, summarizing, and allocating costs associated with a process

Budgeting Forecasting Functionality allowing users to create and maintain budgets and develop forecasts, “what-if” scenarios, etc

Cash Flow Management Includes income and expense tracking, as well as cash flow monitoring.

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Acumatica Financial Management Reviews

Jade H.

Vast range of beneficial processes

Likeliness to Recommend

Pros

Cons

Daniel J.

Robust all in one platform that is intuitive

Likeliness to Recommend

Pros

Martin M.

Easy to use, but nothing out of the ordinary.

Likeliness to Recommend

Pros

Cons

Most Popular Acumatica Financial Management Comparisons

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FreshBooks

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Title

Feature Ratings

General Ledger Chart of Accounts

Expense Management

Reconciliation

Dashboards, Analytics and Reporting

Accounts Payable Purchase Orders

Project Accounting

Accounts Receivable Invoicing

Integration APIs

Cost Revenue Tracking

Budgeting Forecasting

Cash Flow Management

Vendor Capability Ratings

Breadth of Features

Usability and Intuitiveness

Availability and Quality of Training

Vendor Support

Ease of Data Integration

Ease of IT Administration

Business Value Created

Product Strategy and Rate of Improvement

Quality of Features

Ease of Implementation

Ease of Customization