Is Acumatica a Good Fit for Retail?

Acumatica is well-documented as an ideal software solution for the manufacturing and shipping industries. But what about the industry we all patronize every day, even if we don’t realize it? Retail is one of the largest industries on the planet, with 2023 estimates placing total retail value at nearly $28.3 billion. With such potential, is Acumatica a good fit for retail? Or is it best left to manufacturing?

Is Acumatica a Good Fit for Retail?

Though we here at BrainSell have talked extensively about its value as a solution for manufacturers, Acumatica is a surprisingly good fit for retail businesses as well. Acumatica boasts numerous features tailor-made to suit the needs of retail businesses in a way that few other products on the market can compete with.

Acumatica users enjoy a wide breadth of functionalities, but certain features will inevitably stick out to those in the retail industry, chief among them including:

• Warehouse Management System
• Inventory management
• Sales Tax Automation
• Sales Order Management
• Baked In Business Intelligence and Analytics
• Commerce Connectors

Acumatica Retail Applications

Retail owners already have a stack of technologies at their disposal they rely on to make their businesses successful. If your new ERP doesn’t integrate well with these existing technologies, your business (and your team) will be feeling the pressure of trying to force a square peg into a round hole. Integration support is key to making your new Acumatica instance fit into your organization smoothly; like it had always been there to begin with.

Commerce Connectors

• End-to-end visibility into your eCommerce site, financials, warehouse, and inventory data
• Data synchronization from customers, products, sales orders, and more
• Risk management by holding orders that may be fraudulent
• Protect customer privacy with advanced data encryption

Order Management Software

• Automated purchase requisitioning lets you bundle requests from multiple sources in a single requisition. Create approval rules based on quantity, request amount, and more. Aggregate supplier bids, send and approve quotes, issue purchase orders, and receive goods.
• Blanket orders generate releases from contracts with pre-defined order quantities, dates, and ship-to locations.
• Cross-Company Transactions generate the purchase receipt in the buying company from the shipment in the selling entity and create the sales invoice in the selling company when the bill is created in the buying company.
• Returns management features allow you to receive goods from customers. RMA orders can be processed as a credit to a customer balance or as a replacement for damaged goods. Every line can be marked with a reason code to specify the return reason.

Inventory Management

What’s a retail business without any inventory? An empty warehouse, that’s what it is. Acumatica equips you with tools to keep track of, effectively manage, and stock your warehouses to keep product hitting physical and digital shelves.

• Replenishment tools to define min and max order quantities, reorder points, seasonality, lead times, safety stock, and forecast models to calculate replenishment.
• Maximize warehouse space and reduce carrying costs with the Dead Stock Detection Inquiry.
• Manage shipments with small parcel carriers such as FedEx, UPS, Stamps.com (for United States Postal Service shipments), and LTL carriers with EasyPost.
• Manually transfer product between warehouse locations or setup replenishment warehouses to automate transactions.

Acumatica Retail Edition

If these features weren’t enough to convince you, Acumatica actually sells a package specifically catered toward retail businesses. Acumatica Retail Edition is designed to meet the unique needs of today’s online and hybrid retailers with a complete fully integrated end-to-end Cloud ERP system. Because it is specifically packaged for your industry, it comes out of the box ready to handle the unique needs of your retail business. Acumatica’s Retail Edition enables you to seamlessly integrate your storefront and back office, so you can focus on creating customers for life.

Have More Questions About Acumatica?

There’s still so much more to cover about Acumatica, one blog just isn’t enough space.  Feel free to read some of our additional Acumatica related content for more answers to all the questions you never knew you had. Or, if you want to see how Acumatica stacks up against an industry player like Sage, check out our comparison guide that puts the two head-to-head.

Prefer to jump right into things instead? Give us a ring and chat with one of our Acumatica experts today They’re all excellent recourses on Acumatica and finance management tools in general. They can help you get started on finding the perfect fintech product to help your business grow.