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Acumatica now offers better business outcomes for customers

Acumatica now offers better business outcomes for customers

One Channel, cloud ERP solutions provider and Acumatica partner, officially launched the Acumatica 2019 R1 with continued focus on its award-winning platform, usability and customer satisfaction for the broad midmarket.

This latest release has improved operational performance and more successful business outcomes for customers. Acumatica has also been able to deliver significant new enhancements to most of its business applications.

One Channel CEO Bernard Ford said in every release Acumatica improves significantly in usability and it continues to create a more efficient customer experience.

“Significant improvements have been made to the User Interface (UI). Additional platform enhancements include improved help search with Machine Learning (ML) and multifactor authentication provides increased security,” he added.

Financial Management now offers a predefined list of currencies that reduces the effort in maintaining exchange rates and managing transactions in multiple currencies. Support for Different Financial Calendars also allows companies with multiple legal entities within the same tenant to have different fiscal year-end dates.

Acumatica offers multi-currency project accounting where users can enter project transactions in different currencies and maintain projects in both the base currency and the project currency. Project budget forecasts by period allows comparisons of actual project costs and incomes with the forecasted, original and revised budget amounts for each financial period.

Company-Specific Financial Periods enables companies in the same tenant to have different fiscal year-end dates, which is particularly valuable for businesses that share vendors, stock items, and employees. Revenue Recognition for projects recognises the revenue when performance obligations are satisfied, including those fulfilled made over multiple periods of time.

Industry specific enhancements like Warehouse Management System (WMS) provides support for distributors, manufacturers, retailers and eCommerce firms with medium and large warehouses.

It supports operations such as picking, packaging, PO receiving, putting away, transferring, and physical counting by using barcode scanners or mobile devices with a scanning option. ‘One-click’ invoicing enables the easy closing of an order, accounting for inventory, and generating of an invoice from a service order or an appointment.

In the 2019 R1 release, Acumatica Construction Edition includes enhancement and new features across Financials, Project Accounting and Project Management capabilities. Contractors will see improved features to better meet the needs of their project teams.

This includes updates to Project Issues, RFIs and the newly added Drawing Logs and Project Budget Forecast features to increase Project Managers’ productivity and further streamline project management processes.

“With this release, Acumatica enriched the integration to Procore, making it easier for users to seamlessly work across Procore and Acumatica. Additional advances include a new Commitment Inquiry filter, Project Budget Control Warnings, and dashboard and report updates, including Pay when Paid, and Substantiated Billing,” he explained.

New end-user training is also being shipped with Acumatica 2019 R1. Available at no charge on Acumatica Open University, end-users can learn everything about the Acumatica software solution from reporting to system administration.


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Following reverse listing, public can now acquire shareholding in Paratus Namibia


20 February 2020, Windhoek, Namibia: Paratus Namibia Holdings (PNH) was founded as Nimbus Infrastructure Limited (“Nimbus”), Namibia’s first Capital Pool Company listed on the Namibian Stock Exchange (“NSX”).

Although targeting an initial capital raising of N$300 million, Nimbus nonetheless managed to secure funding to the value of N$98 million through its CPC listing. With a mandate to invest in ICT infrastructure in sub-Sahara Africa, it concluded management agreements with financial partner Cirrus and technology partner, Paratus Telecommunications (Pty) Ltd (“Paratus Namibia”).

Paratus Namibia Managing Director, Andrew Hall

Its first investment was placed in Paratus Namibia, a fully licensed communications operator in Namibia under regulation of the Communications Regulatory Authority of Namibia (CRAN). Nimbus has since been able to increase its capital asset base to close to N$500 million over the past two years.

In order to streamline further investment and to avoid duplicating potential ICT projects in the market between Nimbus and Paratus Namibia, it was decided to consolidate the operations.

Publishing various circulars to shareholders, Nimbus took up a 100% shareholding stake in Paratus Namibia in 2019 and proceeded to apply to have its name changed to Paratus Namibia Holdings with a consolidated board structure to ensure streamlined operations between the capital holdings and the operational arm of the business.

This transaction was approved by the Competitions Commission as well as CRAN, following all the relevant regulatory approvals as well as the necessary requirements in terms of corporate governance structures.

Paratus Namibia has evolved as a fully comprehensive communications operator in Namibia and operates as the head office of the Paratus Group in Africa. Paratus has established a pan-African footprint with operations in six African countries, being: Angola, Botswana, Mozambique, Namibia, South Africa and Zambia.

The group has achieved many successes over the years of which more recently includes the building of the Trans-Kalahari Fibre (TKF) project, which connects from the West Africa Cable System (WACS) eastward through Namibia to Botswana and onward to Johannesburg. The TKF also extends northward through Zambia to connect to Dar es Salaam in Tanzania, which made Paratus the first operator to connect the west and east coast of Africa under one Autonomous System Number (ASN).

This means that Paratus is now “exporting” internet capacity to landlocked countries such as Zambia, Botswana, the DRC with more countries to be targeted, and through its extensive African network, Paratus is well-positioned to expand the network even further into emerging ICT territories.

PNH as a fully-listed entity on the NSX, is therefore now the 100% shareholder of Paratus Namibia thereby becoming a public company. PNH is ready to invest in the future of the ICT environment in Namibia. The public is therefore invited and welcome to acquire shares in Paratus Namibia Holdings by speaking to a local stockbroker registered with the NSX. The future is bright, and the opportunities are endless.