For distribution businesses, compliance with a myriad of regulations can be a daunting task. From data privacy laws like GDPR to industry-specific standards like FDA regulations, the stakes are high. Non-compliance can lead to hefty fines, reputational damage, and even legal action. This is where Acumatica, a cloud-based ERP solution, can be a valuable asset.

Key Ways Acumatica Aids in Regulatory Compliance

1. Centralized Data Management: Acumatica offers a centralized platform for managing all business data. This ensures that information is accessible, accurate, and consistent across departments, making it easier to comply with regulations that require data retention, traceability, and auditability.
2. Automated Processes: By automating routine tasks like order processing, inventory management, and financial reporting, Acumatica reduces the risk of human error and ensures that processes are carried out consistently and in compliance with regulations.
3. Role-Based Security: Acumatica’s robust security features allow for the creation of role-based access controls, ensuring that only authorized personnel can access sensitive data. This helps to protect against data breaches and comply with data privacy regulations.
4. Traceability and Auditability: Acumatica’s built-in traceability features enable businesses to track the movement of products through their supply chain, from raw materials to finished goods. This is essential for complying with regulations that require product traceability, such as those in the food and pharmaceutical industries.
5. Regulatory Updates: Acumatica is regularly updated to incorporate changes in regulatory requirements. This ensures that businesses are always using a solution that is compliant with the latest laws and standards.

Specific Regulatory Compliance Needs Acumatica Addresses

• GDPR: Acumatica’s data privacy features help businesses comply with the General Data Protection Regulation (GDPR) by providing tools for data protection, consent management, and subject access requests.
• FDA Regulations: For businesses in the food and pharmaceutical industries, Acumatica’s traceability and auditability features help them comply with FDA regulations, such as the Food Safety Modernization Act (FSMA).
• SOX Compliance: Acumatica’s financial reporting capabilities and audit trail features can help businesses comply with the Sarbanes-Oxley Act (SOX), which requires accurate financial reporting and internal controls.
• Industry-Specific Standards: Acumatica can be customized to meet the specific requirements of various industries, such as manufacturing, retail, and wholesale. This ensures that businesses are compliant with industry-specific regulations and standards.

Acumatica offers a comprehensive solution for businesses looking to streamline their operations and ensure regulatory compliance. By providing centralized data management, automated processes, role-based security, traceability, and auditability, Acumatica can help businesses reduce the risk of non-compliance and protect their reputation.

Richard