As the construction industry evolves, so do the tools that power it. With the release of Acumatica 2024 R2, contractors, developers, and project managers now have access to enhanced capabilities built to address some of their biggest challenges—inefficient workflows, scattered data, and delayed decision-making.
Acumatica continues to listen closely to its construction users, and the 2024 R2 release reflects direct feedback from the field. From streamlined billing to smarter project oversight, here’s what construction firms can expect from the latest release.
Acumatica now allows you to create Proforma invoices directly within the system, eliminating the need for manual workarounds and reducing administrative overhead. This enhancement enables finance teams to quickly generate draft invoices based on the project’s status, without the risk of human error that often accompanies manual processes. By automating this step, your team can focus on more strategic tasks, speeding up the invoicing process and improving overall efficiency.
Managing progress billing lines has never been more flexible. With Acumatica 2024 R2, users now can easily add, reorder, and link substantiated billing lines, providing a more streamlined and adaptable billing workflow. Whether it’s a change in the project scope or an adjustment in billing schedules, this feature ensures that all invoicing lines are accurately aligned with the current state of the project, helping prevent any discrepancies or errors that might otherwise slow down the billing process.
To further enhance internal controls and governance over project billing, Acumatica 2024 R2 introduces customizable approval workflows for project transactions. The new Approval Map Reason Options allow for more granular control over which transactions require approval, based on customized criteria that fit your organization’s needs. This ensures that only authorized personnel can approve invoices, and that the approval process is aligned with your company’s specific policies. As a result, businesses can enhance accountability and reduce the likelihood of errors or unauthorized actions slipping through the cracks.
Managing costs from subcontractors and external vendors is now more efficient:
Acumatica 2024 R2 brings an upgraded subcontract import workflow that dramatically enhances the efficiency of managing subcontractor data. The new process allows for quicker and more accurate importing of subcontract details, reducing the need for manual data entry and minimizing human error. Whether you’re working with a large number of subcontractors or managing multiple projects at once, this enhancement makes it easier to integrate external subcontractor information into the system. By automating this step, your team can focus more on critical decision-making and less on administrative tasks, leading to more accurate and timely cost tracking.
Acumatica 2024 R2 introduces the ability to map default accounts based on reason codes, providing an automated approach to managing the allocation of costs from subcontractors and vendors. This feature simplifies the process of assigning the correct general ledger accounts for different types of expenses, ensuring that costs are consistently categorized and recorded without manual intervention. By using reason codes to automate account mapping, businesses can eliminate inconsistencies, reduce errors, and improve overall financial reporting. This improvement not only saves time but also enhances accuracy in project cost tracking and financial reconciliation.
Managing expense receipts, particularly when dealing with numerous invoices from subcontractors and vendors, can often be a complex and time-consuming process. Acumatica 2024 R2 addresses this challenge with several key enhancements to the expense receipt workflow. The new features streamline the approval process, enabling smoother workflows for reviewing and approving expense receipts. Additionally, the system now provides greater flexibility for reclassifying expenses when necessary, allowing finance teams to easily adjust entries to the correct categories or accounts. This reduces delays and ensures that expense allocations are accurate, which is crucial for maintaining financial integrity across the project.
With these powerful improvements, Acumatica 2024 R2 offers a significant boost to the efficiency of managing subcontract and vendor-related costs. By automating and streamlining critical tasks, such as subcontract importation, account mapping, and expense receipt handling, your finance team can more easily keep track of project expenses, avoid costly mistakes, and ensure smooth financial reconciliation.
These enhancements are particularly beneficial in industries like construction, where subcontractor costs, vendor invoices, and expense receipts can quickly become overwhelming. With Acumatica’s advanced workflows and greater flexibility, businesses can gain better control over their budgets, improve project profitability, and maintain stronger vendor relationships. As a result, your organization can stay focused on what truly matters—delivering successful projects on time and within budget.
Field teams can now benefit from a more intuitive calendar and appointment management experience:
• New Edit Appointment Action: Correct scheduling errors quickly without disrupting workflows
• Calendar Board Enhancements: Includes infinite scroll, vendor details, and a new map pane
Construction companies now have more control over how they manage and analyze data:
• Expanded Project Transaction Tagging
• Improved Document Project Imports (ideal for setting opening balances)
• Unrecognized Bank Transaction Investigation support for improved reconciliation
The 2024 R2 release isn’t just about new features—it’s about helping construction businesses operate smarter, scale faster, and adapt to new challenges. Whether it’s managing compliance, accelerating billing cycles, or improving field-to-office collaboration, Acumatica delivers a flexible ERP platform that grows with your company.
Ali Jani, Acumatica’s Chief Product Officer, puts it best:
“Everything about the 2024 R2 release focuses on customer value. R2 also contains the core building blocks that will allow us to further accelerate our AI and human design elements over the next few years.”
Kansas-based Phoenix Renovation and Restoration made the move to Acumatica Construction Edition to eliminate disconnected systems and modernize its operations. With features like:
• Unlimited user pricing
• AIA billing and reporting
• Integrated CRM and daily field reports
• the company has significantly improved collaboration, task visibility, and expense management.
With over 350 updates in Acumatica 2024 R2, the construction-specific improvements are designed to reduce manual effort, improve cash flow, and increase visibility across teams.
Whether you’re a general contractor, home builder, or Property developer, now’s the time to take advantage of a platform that delivers the speed, flexibility, and insight needed to thrive in today’s fast-moving construction environment.
Ready to modernize your construction operations with Acumatica 2024 R2? Contact us to learn more or schedule a demo.
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