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One Channel upbeat about cloud prospects

One Channel upbeat about cloud prospects

Cloud specialist One Channel is upbeat about the prospects of cloud computing in Africa, it says cloud platforms are enabling new, complex business models and orchestrating more globally-based integration networks.

Cloud computing spending is growing at nearly five times the rate of IT spending and is expected to grow even more in future. IDC predicts that by 2018, at least half of IT spending will be cloud-based and will reach close to 70% of all software, services and technology spending by 2020.

One Channel CEO Bernard Ford said Acumatica is perfectly positioned to capture the Cloud ERP market. “Not only was Acumatica Cloud ERP rated as ‘Best Inventory Management Software of 2017’ by PC Magazine, but it was also identified as a Visionary in Gartner’s June 2017 Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises.”

PC Magazine tested five of the most popular inventory management software packages and Acumatica won. It says with its easy-to-follow navigation, robust reporting, and unusual pricing model, Acumatica is a solid choice for enterprise-scale accounting, ERP, and inventory management.

Acumatica received PC Magazine Editors’ Choice in both the Enterprise Accounting and Inventory Management categories. According to the review, the product “excels in both these areas, and if you’re in the market for an ERP system with excellent Financial Accounting capabilities and you’re skewed towards the manufacturing and distribution industries, Acumatica remains a good choice there, too, and still earns its Excellent rating.”

Gartner said Acumatica is known for its innovation leadership and exceptional technology, as well as for providing superior integration capabilities. In the report it states that the company instils confidence among customers by providing secure, tested, validated integrations that have been successfully adopted by a multitude of customers in a diversity of industries

We are justifiably proud of this Acumatica team accomplishment, but more importantly, we feel it’s a real validation of the success we are seeing in the marketplace. We continue to generate strong momentum as customers in a wide range of industries evaluate and purchase our products and solutions,” said Jon Roskill, CEO of Acumatica.

According to PC Magazine, Acumatica Cloud ERP’s Inventory Management module provides all the essential functions of inventory management software. It says the purpose of inventory management software is to track warehouse items through acquisition, sales, or use processes; locate them across one or many warehouses, and price and inventory so one knows the value of items in inventory for accounting purposes.

It states that an exceptional inventory management system will also track sales, purchase orders (POs), deliveries, and be tied to point-of-sale (POS) software. Finally, bar coding, item location, and bin identification are also functions one should look for in an inventory management system.

The PC Magazine review says Acumatica has easy navigation and the browser-based application makes it easy to use mobile devices. It states that non-user-based pricing easily accommodates growing company. Besides its excellent reporting, Acumatica runs on various databases, there are a wide selection of costing methods and it offers cloud or on-premises deployment.

Ford points to the review and says the bottom line is, Acumatica has an easy-to-follow navigation, robust reporting, and unusual pricing model. “Acumatica is a solid choice for enterprise-scale accounting, ERP, and inventory management.”

Service-centric organisations are realising that growing their businesses requires moving their applications to the cloud. As cloud ERP solutions for service companies are varied, companies need to do their research and select the best one for their specific needs.

According to Gartner, the multi-cloud is here to stay. It’s not a passing idea or a concept suitable for only certain businesses. It is the mobile, streamlined, and competitive method by which organisations are improving the adaptability of, and adding value to, their ERP deployments.

CTO’s, CIOs, and business owners in charge of their company’s ERP future must understand the competitive landscape of today’s next-generation offerings, whether they plan to go to a public cloud, private cloud, or remain on-premises.

We believe Acumatica was named in the Gartner Magic Quadrant because of its strong focus on midsize organisations and a partner strategy that is well-suited to that market segment, enabling us to serve multiple industries and geographies,” said Ford.

Furthermore, its wide range of APIs available coupled with the flexibility of the xRP platform and range of partner apps means that the Acumatica Financial Management Suite is well-aligned to Gartner’s vision of postmodern ERP,” he concluded.


About The Author


The Economist accommodates two interns every year, one per semester. They are given less demanding, softer issues to hone their skills, often with a specific leaning to social issues. Today, many of our interns are respected journalists or career professionals at economic and financial institutions. - Ed.