The Acumatica Financial Management Suite is sold stand-alone and as part of a broader ERP suite that includes distribution and manufacturing capabilities along with CRM functionality. The solution is designed for midmarket customers and deployed in the Acumatica public cloud, run on Amazon Web Services, or a private cloud of the customer’s choice (either on-premises or at a hosted facility). Acumatica focuses on cloud rather than on-premises delivery, and the majority of its customers use the public cloud service. It also provides a cloud development platform, Cloud xRP Platform, that has many of the capabilities of a platform as a service.
Acumatica is a Visionary in this Magic Quadrant due to its focus on cloud, the flexibility of xRP to support extension of the delivered functionality by partners, and good core financial management functionality for midsize organizations. However, limited market awareness and a broader suite focus limit Acumatica’s Ability to Execute in this market.
- Acumatica has a strong focus on midsize organizations and a partner strategy that is well-suited to that market segment, enabling it to serve multiple industries and geographies.
- Acumatica scored slightly above average in customer satisfaction. Reference customers cited ease of use and the speed at which accounting users were able to start using the solution with minimal training. Core ledgers (GL, AP and AR) were also rated above average by users.
- The 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.
Figure 1. Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises