What’s So Special About Power BI?

In previous blogs we showed how businesses were benefiting from Power BI in ways that were not possible previously. What makes Power BI such a revolutionary analytical solution are  technology innovations that were introduced in Excel. As Gil Raviv notes, Power BI, Excel, and SQL Server Analysis Services share the same analytics engine, Power Pivot, which was introduced as the PowerPivot add-in to Excel 2010. Power Pivot, says Raviv, is “a game changer in self-service BI.” High-Performance Engine Power Pivot is based on an in-memory technology called VertiPaq, which arranges data into columns…

Cannabis Price Crash Puts Manufacturers in Peril

The price of legal cannabis has been dropping at a steady rate, and the outlook is for a continuing decline before the market levels off. Small cannabis manufacturers and dispensaries are being driven out of business, and large manufacturers that fail to take measures to minimize production costs are at risk of meeting the same fate. As marijuanaventure.com warns, “When the market shakes out in five years and people stop selling at a loss, companies capable of producing high-quality cannabis at an industrial scale and with low production costs will be the…

Cannabis and Alcohol Industries Cozy Up Through Cash

As the saying goes, money talks—and the large amount of money being invested by alcohol and cannabis companies in joint ventures speaks volumes about the direction the cannabis industry is taking. This trend was underscored by the recent announcement that liquor giant Constellation Brands was investing $4 billion in Canada’s Canopy Growth Corp. This massive cash infusion follows a $190 million investment by Constellation Brands in Canopy Growth Corp. in 2017. Such a major investment by Constellation Brands is a solid vote of confidence in the cannabis industry, and no doubt is…

Making the Impossible Possible with Power BI

Power BI is making it possible for organizations to analyze data, share data, and obtain insights in ways that were not possible for them previously. As we noted, Power BI is a significant advance because analytics of this type were too complex and expensive for most companies in the past. Besides affordability, a big part of Power BI’s appeal is the self-serve capability and immediacy with which business users can begin gaining insights. Rather than having to wait weeks for their IT organization to analyze data, users across a company…

Cannabis Miracle Drug Breaks Through Legal Barriers

In what is being hailed as a landmark decision and historic first, the Federal Drug Administration (FDA) has approved the first drug with an active ingredient derived naturally from the cannabis plant. The FDA approved the drug, called Epidiolex, because it was proven to be effective in treating patients aged two and older who suffer from some rare and severe forms of epilepsy. Developed by GW Pharmaceuticals, Epidiolex is derived from cannabidiol (CBD), a component of marijuana that does not cause intoxication. The ruling is historic because it removes a longstanding…

New Feature in Advanced Billing: Generate Date Calculation

In the upcoming Release 18 of Advanced Billing for Acumatica, we added a requested feature for calculating a “generate date” based on the contract terms. If you have contract invoice terms of 30 days, meaning the bill is due 30 days after the invoice date, and you want to have the due date entered as the date of the generated invoice, the Advanced Billing system will calculate the date for you. First, enter a contract and set the terms to 30 Days. Make sure…

A Big Shift in Attitude Is Positive for Cannabis Industry

The winds of change are blowing across the country as politicians and the public turn from hostility to a more accepting and welcoming attitude towards cannabis. The removal of political roadblocks is good news for cannabis manufacturers, as the market seems to have reached a tipping point with more and more states legalizing cannabis and the worldwide market expanding. The expansion of cannabis manufacturing is continuing at a rapid pace throughout the United States. We’ve reported on new factories cropping up in Florida, Nevada, and California, and now another new plant…

Power BI Gives Businesses Super Powers

Since Microsoft’s Power BI launched as part of Office 365 in July 2013, it has evolved at a rapid pace and blossomed into a full-blown feature-rich modern business intelligence tool. In July 2015, Power BI had 45,000 users worldwide. Today that number has grown to more than 5 million users. What makes Power BI such a compelling business tool is a combination of strong data visualization capabilities, ease of use, and affordability (starting at free, with a Pro version priced at $10 per user per month). Moreover, Power BI can be accessed from…

Cannabis Market Goes Ballistic

We knew the cannabis market was hot, but the latest studies show the cannabis industry skyrocketing beyond analysts’ previous expectations. Surprised that legalization and demand are expanding the cannabis market at such an accelerated pace, analysts are scrambling to revise their projections upward. “While it seems every year means a new monstrous projection about the size of the cannabis market, this year’s projection is especially large,” cannibisnow.com reports. The latest “State of Legal Marijuana Markets” report by Arcview Group and BDS Analytics, which cannibisnow.com considers the “gold standard of marijuana industry data research,” shows…

How Do the Different Revenue Recognition Methods in Acumatica Affect Revenue Recognition?

In this series, we answer real-life questions from Acumatica users QUESTION: How do the different revenue recognition methods in Acumatica affect revenue recognition? ANSWER:  Recognition methods determine how a deferred revenue or expense amount will be distributed over a defined number of periods. Within Acumatica, you can specify a particular recognition method in the settings of each deferral code on the Deferral Codes form, and can assign a deferral code to a line of an invoice or bill. Revenues can be deferred in a number of ways and over different time periods…