In terms of enterprise resource planning (ERP) software, Acumatica ERP represents a best-of-breed solution that includes a broad range of complimentary modules. Each module is designed to support a specific set of business functions, such as inventory management, order management, and accounting.
One of Acumatica ERP software’s newest modules is its requisition management toolkit. Here’s everything you need to know about Acumatica’s requisition management software and the many benefits it provides.
What Are Acumatica Requisitions?
The Acumatica requisitions platform is an add-on module that users can integrate into Acumatica ERP software. It’s intended to reduce the complexity associated with purchasing multiple goods from an array of suppliers.
Traditionally, requisitions management processes rely on spreadsheets, email, and other antiquated processes. These approaches offer little to no visibility and set the stage for frustrating — and potentially expensive — requisition mishaps.
Thanks to Acumatica requisition management software, businesses no longer have to rely on these tools but can instead perform virtually all requisition-related functions within their ERP software.
With requisition management technology, businesses can gather requests, create quotes, obtain vendor bids, approve quotes, oversee purchases, and fulfill orders in a single platform.
Benefits of Acumatica Requisition Management Software
By adding Acumatica requisition management software to your technology stack, you stand to gain the following advantages.
Automate Requests
With Acumatica requisition management, authorized users can effortlessly select items from your internal catalog, enter product descriptions, and restrict or limit requests for individual items. The platform also includes tools you can use to automate everything from order collection to receiving.
Generate Sales Quotes
Whether you use cost-plus algorithms or standard catalog pricing, Acumatica allows you to create sales quotes and generate orders with exceptional efficiency.
Streamline Vendor Bidding
Acumatica streamlines vendor bidding by eliminating paperwork from the equation. You can select a different vendor for each line item and automatically convert the best bids into purchase orders.
Optimize Spending Approval Processes
Acumatica requisition management software includes robust approval maps and authorization tracking tools meant to ensure that the right team members are notified when requests come through. This feature reduces approval delays and helps the business maintain an adequate inventory of essential items.
Industry-Specific Use Cases
A broad range of industries can benefit from Acumatica’s requisition management software and our ISV solutions that extended Acumatica’s offerings. For the sake of illustration, however, let’s look at two key use cases.
Acumatica Requisitions for Construction
Advanced Solutions & Consulting offers our add-on module: Acumatica Requisitions for Construction.
By adding this module to the mix, construction companies can more effectively track purchases from project inception to completion. Business leaders can effortlessly manage budgeting activities, change orders, reporting functions, and more.
Additionally, requisition management software from Acumatica helps construction companies improve productivity via its useful set of automation tools.
Decision-makers can automate key requisition functions, such as inventory purchases and purchase order generation. This capability reduces the likelihood of costly project delays by ensuring that the company and its team have access to vital resources and supplies.
Acumatica Requisitions for Project Accounting
The Project Accounting module is among the most popular and widely used applications within the Acumatica ERP software ecosystem. Combining that with our Acumatica Requisitions for Project Accounting solution gives project managers even more control over budgeting and purchasing processes.
With this pair of modules, decision-makers can easily manage key budgeting activities, generate change orders, and structure reporting processes in a way that aligns with project milestones and deadlines.
Project Accounting and the new requisitions management software are the ideal applications for engineering and constructing firms, consultants, R&D departments, marketing companies, and professional service entities.
Tap Into the Power of Acumatica Requisitions With OUR ISV Solutions
ASC delivers ISV solutions that save serious time and money for supply chain and accounting applications. Our solutions are written in native Acumatica xRP. They address complex ERP requirements extending Acumatica’s market breadth and competitiveness. ASC augments Acumatica with elegant solutions that monitor and automate ERP functions to improve Acumatica’s competitive landscape and save customers (and their VAR’s) serious time and money.
View all of our Acumatica ISV solutions or request a demo of our requisition modules today.