Unlike other businesses, like manufacturing, that create and deliver a tangible product to their customers, professional services businesses offer a variety of services, knowledge, and expertise that help project-based firms achieve their goals. Engineering, Architecture, and IT consulting are just a few examples of these types of businesses, and, while they may not deliver a product you can touch, their services are in high demand.

According to Statista, the professional services market is projected to reach US$72.61bn this year and show an annual growth rate of 5.62%, with most of the revenue being generated in the US. It’s a thriving, evolving industry, and professional services businesses eager to be an active and successful entity know that implementing industry-specific technology is the key.

That’s where Acumatica comes in.

Recognizing the need these firms have for comprehensive business technology, Acumatica announced in January an expansion of its product line to include a new solution specifically tailored for the professional services industry. The new Acumatica Professional Services Edition is now officially available. Our project-based application is filled with the features and capabilities specifically requested by our current customers who work in this industry — designed to help those customers enhance their collaboration, take advantage of exciting opportunities, and develop their overall business strategy.

Says Jeremy Larsen, vice president of product management at Acumatica, “This launch is yet another demonstration of our dedication to listening to customers and delivering tailored solutions that address the dynamic requirements of small and midsized businesses.”

Acumatica Professional Services Edition Details

Acumatica Professional Services Edition is a perfect addition to our industry-specific product line, which includes our General Business, Manufacturing, Construction, Distribution, Service Industry, and Retail Management software. Each edition seamlessly integrates with Acumatica’s core ERP applications that streamline and automate your complex business processes and empower growth on your terms.

With this in mind, what specifically does Acumatica Professional Services Edition provide? Users will have access to resource management, scheduling, financial accounting, and billing capabilities, which are geared towards their project-based and labor-focused needs and helping ensure real-time communication and insights that support successful project completion in terms of timing and budget.

Specifically, Acumatica Professional Services Edition will include:

• Acumatica Core Financials
• CRM
• Payments
• Project Accounting
• Project Management
• Time & Expense Management
• Resource Management (via the ISV ProjectManager)

Regarding the project planning and resource management aspect of our new edition, we have packaged and included a solution provided through a strategic partnership with the ISV ProjectManager. The system consists of advanced project planning tools that set up tasks, dependencies, and deadlines, all while keeping an eye on progress and resource allocation. Advanced Resource Management tools allow you to assign and schedule resources based on availability, skills, and project requirements. Users can also forecast future resource needs and optimize resource utilization across multiple projects.

Pricing for our Professional Services Edition align with the Essentials, Select, Prime, and Enterprise packaging framework. Should specific modules need to be added or removed, pricing will be adjusted accordingly.

Real-World Support for Acumatica Professional Services Edition

Revive ERP is an Acumatica partner that serves architecture & engineering firms, construction firms, and field services. Like Acumatica, they believe that technology plays a pivotal role in achieving success and that said technology should align with each business’s specific requirements.

The introduction of Acumatica Professional Services Edition was met with strong approval by the Revive ERP team. Says Revive Principal Jason Leveson, , “Professional services firms face intense competition and require advanced business management technology to enhance operations and drive future growth. Acumatica’s Professional Services Edition equips firms with the tools to stay agile, scale effectively, and maintain a competitive edge in an ever-involving market.”

This approbation by a firm that specializes in serving professional services businesses combined with our recent recognition by leading research companies—including G2, Nucleus Research, IDC MarketScape, Gartner, TrustRadius, Globee, and CRN—assures us that developing tailor-made applications that help small and midsized businesses thrive in today’s turbulent times is a vital and welcome mission.

Says Acumatica CEO John Case, “Our sustained, strong performance across these reports, surveys, and assessments reaffirms our commitment to delivering innovative, customer-centric solutions and inspires us to enhance our capabilities and add value for our customers continually.”

This new industry-specific solution is a product of feedback from  the Acumatica Community. It was conceived through community member requests for a professional services application, and using their feedback on what should and should not be included, we believe we’ve created a solution that delivers the precise features and capabilities they need to manage their projects efficiently, to make informed decisions, and to optimize profitability.

For any questions about Acumatica Professional Services Edition, contact our experts today, and stay tuned for more details as we continue to roll out our exciting new application!