The Benefits of Integrating Your Inventory Software with Acumatica ERP
What is Acumatica ERP?
Nowadays, the use of software in business administration is no longer astonishing to enterprises. There are many large software companies in the country and the world investing and developing ERP solutions. Among those solutions, Acumatica’s Cloud ERP is one of the leading solutions in providing ERP software.
In 2008, Acumatica launched its first product—Acumatica ERP, accompanying a billing system demo, which is now a financial management module. In the following year, the company released on-premises and SaaS software versions to automate the business processes, including purchasing, order fulfillment, inventory tracking, customer support, payroll, profits, cash, and taxes, and handle multiple appointments and service schedules per customer.
Acumatica has continuously thrived and become the fastest-growing cloud ERP in the market. According to Slintel, Acumatica has a market share of 0.49% in the ERP market, but the company’s growth potential is relatively high compared to big names in its field.
Benefits of integrated ERP systems
As a centralized system, the data information will be shared and synchronized automatically. Thus, cutting down on double handling of goods and automating daily tasks. On the other hand, there are additional benefits of integrating ERP with an Inventory system, including:
Accurate and timely updated data
When the data is successfully synced between ERP and Inventory Management System, the transformation and synchronization process will continuously work, so as to keep everything updated in real-time. This benefit enables businesses to effortlessly track the quantities of each category such as excess inventory, cost of goods sold, shortages,…
Better Report Quality
The data is displayed transparently on one single source of truth; which conveniently helps the senior managers to take full advantage of data-driven and come up with precise decision making. Furthermore, the ERP systems facilitate custom reports for accurate information, therefore, less time-consuming.
Improved Inventory Planning
The current inventory status is automatically integrated into the ERP system, providing straightforward lists, enabling staff, business owners, and investors, to seamlessly check availability and numbers on hand, as well as on order. Having your inventory history and metrics consistently available in a consolidated organization eases planning and increases customer satisfaction.
Optimized Supply Chain
In the matter of an integrated ERP, your supply chain from production, distribution, and financial functions, enables you to operate at its peak. By optimizing inventory levels and accurately forecasting demand, it is simply reduces manufacturing and distribution costs while maximizing returns.
The distinguished value of an integrated ERP is its ability to renovate the information in a mean-time counting in every second. With mobile access mode available, the manager can enter the system and check all updates everywhere in every time. Also, this functionality enables data to empower sales teams to catch up with the real situation of the customers’ insight and the market trend by adopting one system.
Why integrate inventory software with your ERP system?
An enterprise that is proficient at managing inventory can maximize business profits as well as customer satisfaction. Regularly, businesses deploy an inventory management system to efficiently control the data flows of purchases, orders, stocks, shipping, warehousing, etc.
If the company could have a unified system to manage all its data from disparate systems, it would be optimal. Therefore having its enterprise resource planning system (ERP) integrated with an inventory management system is apt to gain a competitive advantage.
Finding an ERP Integration Provider
Choosing the right Integration provider for integrating starts with determining which integration methods and providers are suitable for your company’s needs. Normally, when it comes to software integration, people frequently misunderstand the point-to-point integration for API integration.
Both integration methods require skillful developers to configure the program. However, the point-to-point approach has a huge limitation on updating constantly. It restrains real-time data tracking and monitoring. In contrast, the SaaS API (Software as a Service using Application Programming Interface) delivers a powerful connection with real-time synchronization; and allows custom systems that tailor every specific need.
Considering a third party with an excellent SaaS API service to integrate your Inventory Management system is highly recommended, for the flowing competitive advantage:
Outstanding Inventory Management module
Integrating with an ERP will increase your inventory control and visibility. For the current information from ERP shared and complimented to the product life cycle process to manage inventory from inception to production release. In light of the combination of two stand-alone systems, you will reap the benefits of abling to handle thousands of items moving to various locations within the local area or around the globe.
Maintenance and Upgrades
The integration provider is in charge of deploying and maintaining the whole system at every time. Thus, it is not compulsory for you to spend a large amount of money investing in senior developers to configure the project; which is further not going to receive the appropriate support when the project is accomplished.
API integration allows the software to be designed with a high level of customization. As a result, it offers greater flexibility, allowing you to tailor every aspect of your database to be synced effectively.
Cost-effective and Immediate Implementation
Utilizing the ultimate API integration service helps mitigate the time and money for setting up a completely new module within the ERP system. The integration provider has a full-packed service that will handle the full integration process from deploying to after-purchased service.
Beehexa is a professional integration provider. They offer various integration scenarios between ERP systems with Inventory management systems, including Acumatica integration, InforStyle integration, Microsoft Dynamics Finances, and Operation integration,…
It is obvious that enterprises carry on disconnected separated systems facing many problems of managing discrete, messy information; as well as not able to visualize the valuable inventory insights that could help them run their businesses more efficiently. Conversely, a robust ERP system integrated with strong inventory management provides various benefits; which empowers the transformation of inventory management from a standard process to the company’s competitive differentiator.
In summary, an integrated ERP system with Inventory Management software removes the demand for manual working processes that are error-prone and waste time. Hence, determining a proper integration vendor like Beehexa will assist you to keep pace with the moving parts of the business, and help your business optimize the profit at hand.