At Acumatica’s annual conference last month, the company rolled out several new offerings that expand its presence in the cloud.
CEO Jon Roskill speaks at Acumatica Summit 2017
Among them was the multi-cloud integration with DocuSign, which provides e-signature and digital transaction management solutions. The ability to offer e-signature options is a step towards more efficient processes for customers who want or need to reduce paper-based transactions.
“Everyone is still talking about the cloud, the cloud,” Acumatica CEO Jon Roskill said in a statement. “But it’s no longer realistic to think of today’s on-demand services as existing in one big cloud. Let’s face it: to get all the functionality your business needs, you have to tap into multiple separate clouds, each with its own capabilities and requirements. Businesses that fail to recognize this reality doom themselves to a future of standalone business processes and data silos — and they limit their potential for success.”
The company also released the new edition of its Acumatica Cloud ERP suite, Acumatica Commerce Edition. The product works with the Magento e-commerce platform, and is available via SaaS and private cloud subscription, offering round the clock live support for retail or e-commerce customers.
“The Acumatica Commerce Edition includes all the essentials for running a scalable ecommerce business,” stated Roskill. “The core offering includes advanced financials, distribution, and integration with Magento using Kensium’s Connector. The solution is pre-configured for a multi-cloud world so we could bring in optional add-ons such as Avalara’s industry-leading sales tax calculation and Fusion’s barcode scanning and warehouse management tools.”
Acumatica’s last round of funding was in 2014, when it raised more than $13 million. Instead of a new round last year, the company generated revenue by expanding overseas, notably through deals with medical and hotel industry software providers.
Acumatica Summit 2017 took place in La Jolla, Calif., and was attended by approximately 800 customers, partners and industry analysts.
Technology editor for Accounting Today.