Acumatica Unveils 5.0 Beta, Honors Partners at 2014 Summit

Cloud business management software provider Acumatica unveiled its 5.0 beta release Monday at its largest Partner Summit to date, hosting more than 400 partners and customers.

Among the new features and functionality, 5.0 includes a mobile development framework partners can utilize to target customers through the mobile market without the need to hire specialists.

“We have a different approach than a lot of vendors in the space,” said CEO Jon Roskill, who took the helm in March after 20 years with Microsoft. “We’re not releasing a bunch of apps, like Microsoft releases a library of apps. The problem with that is it takes the partner out of it. With the mobile development framework, partners take Acumatica forms and customize them to target iOS and Android.”

"What this means is you can build your own interfaces and functionality for your clients on iOS and Android," Acumatica chief technology officer Mike Chtchelkonogov told the crowd as he demonstrated the native Android client for the first time on stage. 

Additionally, the 5.0 beta includes a new UI look and feel, demonstrated during the Summit keynote, and support for database management system MySQL and Amazon RDS.

“What I’m trying to push us on is to really be a cloud company and act like a cloud company, and we’re doing that with RDS support and sophisticated distribution functionality,” Roskill said. Other features include single sign-on, universal search, multi-warehouse allocation and purchasing, built-in B2B ordering and exchange server integration.

Acumatica also announced the availability of a beta payroll module, developed with partner PC Bennett.

Partners were a major focus of the event’s opening keynote, with special recognition for Acumatica’s 1,000th customer, Denver-based community solar garden operator SunShare, and reseller SWK Technologies honored with the Enterprise Award for largest Acumatica deployment of the year.

The cloud ERP provider also announced a new partnership with AutoStar Solutions, which joins the ecosystem of more than 50 ISVs and OEMs building on Acumatica’s recently released Cloud xRP Platform.

Growth was a major theme of the 2014 Partner Summit kick-off, with Acumatica announcing that SaaS revenue is up 80 percent from the same period last year and its renewal rate at nearly 100 percent as the company closed its biggest quarter yet in Q2.

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