How Ransomware Can Hold Your ERP Hostage - Podcast Episode 75
Ransomware continues to be an ever-expanding threat to ERP systems around the world, especially when organizations fail to educate employees on behaviors leaving their information more susceptible to malicious software. While better practices can lessen ERP vulnerability, the structure of an ERP system, whether on-premises or in the cloud, can also impact the effectiveness of ransomware in capturing sensitive data. In this episode of The ERP Advisor, special guest, Security Awareness Advocate James McQuiggan, returns to join Shawn Windle in educating ERP users on protecting their software from the devastating effects of ransomware.
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The ERP Minute - Episode 61
Oracle took advantage of its CloudWorld conference last week to make multiple announcements regarding product enhancements, expanding capabilities, and a new region for Oracle Interconnect. Epicor announced a variety of features in its Fall 2022 release for Epicor Kinetic for Manufacturing, part of the Epicor Industry ERP Cloud portfolio. The updates include deep-industry-specific functionality, improved API connection between Epicor Kinetic and Epicor Advanced MES, improved financial reporting capabilities, connected services to optimize workflows, and a smoother user experience journey, including enhanced collaboration offering an optimized mobile experience. Nextworld and Demand Driven Technologies, a provider of Demand Driven Material Requirements Planning (DDMRP), announced the launch of their integrated solutions. The integration between Nextworld ERP and Intuiflow by Demand Driven Technologies brings together the latest functional and technical innovations in a seamless experience for manufacturing companies to manage their supply chains. The Intuiflow integration is API-based, and it allows customers to configure the Intuiflow system as needed right from Nextworld’s Enterprise Resource Platform. Deltek announced that it will partner with the Middle Tennessee Chapter of There With Care, which provides a wide range of thoughtful and fundamental services to families and children during the critical phase of a medical crisis. Together, Deltek Project Nation will assemble activity care bags for children, toiletry care bags, and parent care bags for families in need.
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Shawn Windle's Review of CloudWorld 2022
This year's CloudWorld, Oracle's annual customer conference, occurred between October 17th and 20th. ERP Advisors Group's Founder & Managing Principal, Shawn Windle, attended the conference to gather deep insights into the enhancements and product offerings being delivered by Oracle in 2022. Below, Mr. Windle reviews his experiences at CloudWorld 2022 and provides key takeaways from the conference.
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Bonus Episode: EAG & Unit4 on Professional Services Organizations
Automating a Professional Service Organization’s processes frees key individuals up to focus on delivering value to clients. At the heart of their operations, PSOs are client-oriented. Founder and Managing Principal, Shawn Windle, is joined by Unit4’s Senior Manager of Industry Solutions, Bryce Wolf, to discuss the challenges faced by PSOs working through mergers and acquisitions.
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The ERP Advisor - A Summary of the Salesforce AppExchange ERP Applications
Salesforce has quickly risen in the ranks to dominate the enterprise software market, specifically customer relationship management, surpassing even the most recognizable of industry behemoths. Despite this notoriety, few truly know about the ERP offerings within Salesforce's AppExchange that are written on the Salesforce Lighting platform, specifically FinancialForce and other sound products, Rootstock and Accounting Seed. In this episode of the ERP Advisor, Shawn Windle provides a full inspection of the ERP offerings of Force.com.
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The ERP Minute - Episode 60
At the Sage Transform conference, several announcements were made to mark the growth and advancement of Sage. First, Sage announced the acquisition of carbon accounting solution Spherics to help SMBs measure and cut their emissions. Sage also announced new product integration with Microsoft to continue simplifying workflows for SMBs by allowing the submission and approval of certain processes directly through Teams, rather than in the Sage Intacct or Sage People application. Then Sage released the expansion of Sage Intacct’s capabilities and market reach which will enable customers to automate processes, boost productivity, and free up time to focus on running their businesses. This solution will also be expanding to continental Europe with the first launch in France, into new verticals, while also scaling existing capabilities to simplify the management of business complexities with greater insights and efficiencies. Finally, Sage announced an exciting new partnership with Major League Baseball with Sage being connected to pitching decisions and manager insights content across the league, starting from the 2023 regular season. This partnership will also include the introduction of the ‘Pitcher Power Rankings presented by Sage’ and support of the MLB’s Diverse Partners Program, supporting minority and female-owned businesses across America. In preparation for Ignite, Microsoft announced several infrastructure enhancements to its tools that will benefit ERP applications and users. Some of the new capabilities announced include the general availability of managed environments, built-in application lifecycle management in Microsoft Power Platform, interactive Power BI charts shared directly from OneDrive and SharePoint, cross-tenant dataset sharing, and advancements in AI builder. From an AI perspective, Microsoft also announced a collaboration with Haleon, a multinational consumer healthcare company, to make everyday health more accessible for people who are blind, have low vision, or have difficulty reading product labels due to low literacy. This collaboration will expand the functionality in the Microsoft Seeing AI app to provide consumers with more detailed labeling information for over 1,500 Haleon products across the U.S. and U.K. IFS announced features from the IFS Cloud October 2022 release, including enhancements to help customers meet their environmental, social, and governance (ESG) goals, new capabilities that will help global companies connect operations across sites, functions, people, and assets, and intelligent insight and accelerating automation efforts. Salesforce announced Automotive Cloud, a new product built specifically for automakers, dealers, automotive finance groups, and their customers through industry-specific automation, intelligence, and real-time analytics. QAD released its latest enhancements to QAD Adaptive ERP, along with other QAD Adaptive Applications. Qlik achieved the Federal Risk and Authorization Management Program’s (FedRAMP) Authorized designation at the Moderate Impact Level (IL) and Department of Defense IL2, making Qlik Cloud Government one of the first SaaS platforms to achieve FedRAMP designation. Aptean announced its acquisition of Frontix BV, a provider of cloud-based Overall Equipment Effectiveness (OEE) and energy management solutions to process manufacturers in the Netherlands, Belgium, and over a dozen other countries across the globe.
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The ERP Minute - Episode 59
Epicor announced that it has acquired eFlex Systems, a cloud-based Manufacturing Execution System (MES) technology provider. The acquisition expands the Epicor portfolio of Advanced MES capabilities to help manufacturers increase productivity by modernizing their production environments through digital work instructions, advanced process control, and real-time visibility. ECI announced that it has completed its acquisition of ES Tech Group, a UK-based B2B eCommerce software, and services company serving small and medium-sized enterprise manufacturers, distributors, and wholesalers. This acquisition expands ECI’s existing eCommerce portfolio and furthers ECI’s investments in the digital economy and eCommerce. Acumatica released that as it continues to expand, it will be introducing a new program called Services Partner Program, where these Services Partners will join Acumatica’s Value-Added Resellers and Independent Software Vendors. The Services Partners will help Acumatica customers implement and apply their ERP software for industry-specific implementations. OneStream released that its Annual Recurring Revenue increased over 50% year over year for the third quarter ending September 30, 2022. In addition to the substantial revenue growth, OneStream added over 60 new customers in the third quarter, approaching 1,100 globally. Automation Anywhere received $200 million in investments, led by major venture capital partners. Utilizing the investment, Automation Anywhere will bring significant new software enhancements to its product offering, aiming to keep “humans in the loop” of intelligent automation.
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Should I Stay or Should I Go: Knowing When to Move On From Your Legacy ERP - Podcast Episode 74
As ERP technology continues its rapid advancement, businesses running on legacy ERP systems find themselves overwhelmed by the lingering need to address the elephant in the room: is it time for an upgrade? The conversation can be daunting with concerns surrounding potential workforce response to the disruption and fear that a change would render the current system’s specialized functionality useless. But in the digital age, companies not rising to the occasion risk becoming obsolete as a result of being unable to retain or attract top talent. In this episode of The ERP Advisor, we will confront the benefits and pitfalls of replacing legacy ERP systems.
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The ERP Minute - Episode 58
NetSuite wasted no time making significant product announcements at its annual SuiteWorld conference. First, Oracle NetSuite unveiled NetSuite AP Automation which embeds banking services into a cloud ERP system to help organizations improve profitability by making it easier and faster to process bills and pay vendors all from within NetSuite. NetSuite went on to announce NetSuite CPQ to enable sales teams to quickly configure, price, and quote complex products with complete accuracy and reliability, directly in NetSuite. Next, NetSuite demonstrated its commitment to improving warehouse operations with the release of NetSuite Ship Central, a mobile application that helps organizations optimize operations, eliminate manual processes, and accelerate customer deliveries, while equipping warehouse workers with packing and shipping capabilities on a mobile or kiosk device. Finally, NetSuite announced updates to NetSuite Analytics Warehouse, simplifying data management, accelerating time to insights, and providing access to more pre-built third-party data integrations and industry-specific content. Gartner released its Magic Quadrant for Cloud ERP for Product-Centric Enterprises. Within the leader quadrant, Oracle Fusion Cloud ERP, Workday, SAP S/4HANA, and Oracle NetSuite have secured their positions. Microsoft Dynamics 365 and Infor settled into the visionaries quadrant, and finally, the niche players quadrant is concentrated with SAP Business ByDesign, Sage Intacct, Microsoft Dynamics 365 Business Central, and FinancialForce. UKG announced the company has been named the overall Winner in its category for the AnitaB.org 2022 Top Companies for Women Technologists, landing the highest overall score of any company with 1,000-10,000 technical employees. In a separate honor, UKG also earned a “Social Impact” award from Ragan for its UKG Close the Gap Initiative, aimed at reaching pay equity in the workplace, with UKG pledging to continue to invest in education, training, and the technology and tools needed to ensure equity of pay, both internally for UKG and its customers.
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The ERP Minute - Episode 57
This week at Dreamforce, Salesforce’s user conference, Salesforce introduced Genie, a hyper-scale real-time data platform that powers the entire Salesforce Customer 360. Genie unifies all of a company’s customer data across channels and interactions into a single, real-time customer profile, so every experience across the Customer 360 is more automated, intelligent, and real-time. Microsoft made a few announcements this week, beginning with its board of directors declaring a quarterly dividend of $0.68 per share, reflecting a 10% increase over the previous quarter’s dividend. Microsoft then released a Work Trend Index Pulse report, “Hybrid Work is Just Work. Are We Doing in Wrong?” coinciding with the announcement of new capabilities in Microsoft Viva, its employee experience platform, designed to help empower and energize employees in a time of economic uncertainty. Microsoft Viva expanded its offerings to include confidential feedback capabilities, the centralization of communications, the utilization of AI to assist users, richer integration with Microsoft Teams, and more. The final announcement from Microsoft this week was the planned launch of Global Renewables Watch (GRW) in partnership with Planet Labs PBC and The Nature Conservancy. GRW will be a first-of-its-kind living atlas intended to map and measure all utility-scale solar and wind installations on Earth using AI and satellite imagery, allowing users to evaluate clean energy transition progress and track trends over time. A recent Gartner survey found that security and risk management, application and integration strategies, and infrastructure and operations are the top three technology priorities for midsize enterprises (MSEs) in 2022. As we prepare for Cybersecurity Awareness month and see an ever-increasing number of cybersecurity risks in the ERP space, EAG will be discussing the frightening topic of Ransomware, with special guest James McQuiggan of KnowBe4.
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The ERP Minute - Episode 56
Several exciting announcements were made regarding the application enhancements of Workday products, with new innovations to help power a new era for the office of the CFO through new machine learning capabilities, increased performance and scalability in planning, and deeper insights into the supply chain, enhancements to Workday’s HR solutions allowing customers to gain deeper insight into workforce skills and deliver more personalized employee experiences, and new customer support solutions. In addition, there were new technology innovations unveiled, including the redesign of its user experience, specifically showcasing the low-code/no-code development functionality in Workday Extend to help simplify application development, as well as exciting changes to its partnership ecosystem, expecting it to double its consulting capacity by fiscal 2026. Oracle demonstrated substantial growth across the board, first with its announcement of its fiscal 2023 first quarter financial results, with total quarterly revenues up 18% year-over-year. Oracle’s momentum was further demonstrated with new product updates like the Oracle Cloud Fusion HCM solution with a new portal for team skills, performance evaluation capabilities, and an employee listening solution to help managers engage and empower teams, and infrastructure enhancements with MySQL HeatWave becoming available on Amazon Web Services (AWS), enabling AWS users to run transaction processing, analytics, and machine learning workloads in one service, without requiring time-consuming ETL duplication between separate databases. Further exemplifying Oracle’s growth, it announced the opening of its 40th cloud region in Spain. OneStream highlighted new innovations for extended planning, reporting, and analysis capabilities at its 2022 Splash EMEA Global User and Conference and Partner Summit. Key capabilities include power BI integration, environmental, social, and governance (ESG) reporting, and sensible machine learning. Planful announced its acquisition of Plannuh, a cloud platform for marketing performance management. This acquisition will enable Planful to provide seamless collaboration between finance and marketing teams, and other business users, driving more opportunities for business growth across the organization. Salesforce announced $25 million in new grants to support school districts and education nonprofits across the United States. These grants will focus on student wellbeing, supporting both social and emotional learning, behavioral and mental health programs, and trauma-informed therapy, as well as support to improve the resiliency of schools and educators.
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The ERP Advisor - A Thorough Dissection of Deltek
Deltek, a global provider of software and solutions for project-based businesses, quickly rose to notoriety, by providing solutions for advanced project intelligence, management, and collaboration. Deltek puts an emphasis on the people who make an organization, specifically developing products for government, field services, and professional services industries. In this episode of The ERP Advisor, we dissect Deltek’s professional services solutions to educate listeners on its position in the ERP market.
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The ERP Minute Episode 54 - September 6, 2022
SAP announced significant leadership changes with the appointment of Lloyd Adams as President of SAP North America, effective as of September 1st, and the announcement that Dominik Asam from Airbus will take over as SAP CFO and member of the Executive Board of SAP SE on March 7, 2023. This comes as no surprise with the related big news in the enterprise software space this week being that cloud-native Salesforce dislodged legacy provider SAP as the world’s biggest producer of enterprise applications, with second-quarter financial results showing Salesforce standing strong at $7.72 billion in revenue, topping SAP’s $7.52 billion. Deltek announced that its CEO Mike Corkery was named to the Virginia 500 The 2022 Power List, which recognizes the state’s most powerful and influential leaders by sector. Published by Virginia Business Magazine, this is the third annual edition of the Virginia 500 Power List and Corkery’s second time receiving the honor. Planful Inc. announced momentum in its international operations, recording 110% year-over-year growth ending June 2022. Planful increased its roster of EMEA resellers by 200% and expanded its presence in the APAC region. Its operations in Canada have more than doubled year-over-year while the UK team has grown six-fold. The Communications Workers of America (CWA) and Microsoft announced the launch of “Get Connected” an initiative to boost enrollment in the Federal Communication Commission’s Affordable Connectivity Program, a benefit program from the FCC that helps ensure that households can afford the broadband they need for work, school, healthcare, and more. CWA and Microsoft will work with local public housing authorities and other community partners to publicize the events and pre-qualify residents for the program.
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The ERP Advisor - An Outright Synopsis of Oracle
Founded in 1977 as Software Development Laboratories, Oracle quickly rose to prominence in the ERP market, ranking as the world’s largest database management company with over $100 million in sales only ten years after its establishment. With offerings across software solutions and services alike, it is clear to see how Oracle rapidly grew its market share in the ERP space. In this installment of the vendor overview series, The ERP Advisor will provide an outright synopsis of Oracle.
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ERP Compliance Requirements to Go Public - Podcast Episode 73
The process leading to a company's Initial Public Offering (IPO) is extremely tedious, as leaders must ensure the company meets financial reporting compliance requirements while also using extensive financial analysis to demonstrate the appeal of the enterprise to potential investors. Many private companies upgrade to a new ERP prior to going public to instill the highest amount of investor confidence in their financial statements; but how can users decipher between their needs and the requirements needed to win over investors? In this episode of The ERP Advisor, Shawn Windle will provide the playbook on utilizing ERP to go public.
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The ERP Advisor - An Unrestricted Dive into Unit4
Founded in the western Netherlands, Unit4 developed next-generation enterprise software to meet the ever-expanding needs of people-centric businesses. Unit4’s offerings put significant focus on the person behind the production with its People Experience Suite, which includes financial management, accounting, ERP, FP&A, HCM, and talent management modules. In this episode of The ERP Advisor, we will take an unrestricted dive into Unit4 to display its features and functionalities within the ERP space.
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The ERP Minute - Episode 53
Celonis, a Process Mining and Execution Management Software provider, secured $1 billion in financing, part of which was a $500M line of credit, the largest syndicated bank recurring revenue revolving credit facility of its kind. Such investments cement the confidence that investors have in enterprise software vendors achieving monumental automation improvements for all companies. Related, our prediction is in ten years that automation solution spending will more than double today’s levels. Acumatica announced Acumatica 2022 R2, offering innovations in usability, increased support for new localizations and integrations, and advanced functionality targeted to Distributors, Manufacturers, and Service Organizations. Sage launched Sage People Payroll in the United States and the United Kingdom to help businesses with HR and payroll. This offers users enhanced payroll capabilities and enables small and mid-sized businesses to complete secure, compliant, and accurate payroll processes in minutes. Aptean and Aptos, a provider of retail technology solutions, announced that they have entered into a definitive agreement through which Aptean will acquire Aptos’ planning and product lifecycle management division, expanding Aptean’s cloud-based offerings for the apparel, luxury, fashion, and specialty retail industries. Related, Blackbaud announced that it has acquired Kilter, an activity-based engagement app. This acquisition will allow Blackbaud to expand its activity-based peer-to-peer fundraising engagement and support activity-based fundraising for Blackbaud TeamRaiser, its event-based fundraising software. Workday and Salesforce announced their financial results for the 2nd quarter of the fiscal year 2023. Workday’s total revenues increased 21.9% year-over-year, reaching $1.54 billion, while subscription revenues saw an increase of 22.8% to $1.37 billion. Salesforce also saw a sharp increase with revenue increasing 22% year-over-year to $7.72 billion, with GAAP earnings per share at $0.07 and a non-GAAP EPS of $1.19. Oracle’s Oracle ME, a comprehensive employee experience platform, was named a 2022 Top HR Product of the Year by Human Resource Executive. ADP will be honored with a “Top HR Product” award at the 2022 HR Technology Conference for its new Intelligent Self-Service that uses predictive analytics and machine learning to proactively address common employee HR challenges before the need to contact their HR department arises. Lastly, Deltek was named one of “Asia’s Best Employer Brands” for the 10th year by the World HRD Congress.
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The ERP Advisor - A Whole Summary of Workday
In 2005, Workday was established by the founder of PeopleSoft, Dave Duffield, to better serve the human aspect of ERP software solutions. Workday’s pure cloud platform provides functionality across finance, human resources, planning, and analytics, making for easy-to-use, scalable solutions, built with the employee in mind. In this installment of The ERP Advisor, EAG will provide a whole summary of Workday.
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The ERP Advisor - A Sweeping Abridgment of SAP
SAP was founded in 1927 with a vision for the business potential of technology. At present, SAP serves more than 400,000 customers and is still inspired to continually transform the IT industry. Being the ERP mammoth that it is, SAP has a multitude of offerings so it can be difficult to develop a full understanding of all functions in order to make a decision for your business. The ERP Advisor has you covered! In this episode, we will provide a sweeping abridgment of SAP to educate even the most novice of ERP users.
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The ERP Minute - Episode 52
SAP and Francisco Partners (FP) announced that FP has signed a definitive agreement with SAP America Inc. under which Francisco Partners will acquire SAP Litmos from SAP. OneStream ranked among the fastest-growing companies in the 2022 Inc. 5000 list from Inc. Magazine. This is the 7th consecutive year the company has been recognized on the list, which represents the most successful private companies with a proven track record of growth. UKG delivered strong financial results for the third quarter of Fiscal 2022, ending June 30, 2022. Total revenue was $925 million, with subscription revenues excluding float growing 15% year-over-year. In addition, more than 70% of new customers selected the UKG full suite of HR, payroll, and workforce management solutions. Highlights of the quarter include recognition by Google Cloud for driving diversity and inclusion in the field of DevOps, collaboration with Uber to help organizations deliver rewards and incentives to people, and a multi-year partnership with the National Women’s Soccer League, while also maintaining a high number of customer acquisitions. Salesforce released Salesforce Easy, a new simplified experience for businesses of all sizes, built for flexibility and business growth. Salesforce Easy provides self-service purchasing options and a three-click setup, making it easier and less costly for users to grow with Salesforce as business needs evolve. FinancialForce announced the general availability of its Summer 2022 Release. The new release introduces FinancialForce’s Services-as-a-Business (SaaB) approach with improved resource management, significant enhancements to out-of-the-box analytics capabilities utilizing CRM Analytics by Salesforce, integrated Financial Planning & Analysis solutions, end-to-end intelligent bank reconciliation capabilities, and improved user experience.
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A Roadmap to ERP Selection - Podcast Episode 72
There is no shortage of options on the ERP market, especially with the expansion of cloud-based offerings that are changing the ground rules for large incumbent vendors and increasing availability of next-generation technologies to even smaller businesses. When diving into an ERP software selection, how can you discern between products that align with your needs and the products that do not hit the mark? To cut through the clutter, ERP Advisors Group is providing a guide to navigating ERP Selections whether a business is in the early stage making their initial ERP investment or are a large-scale business making a multimillion-dollar ERP decision.
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The ERP Minute - Episode 51
Sage announced the availability of Sage Field Operations with Sage Intacct Construction. The integration combines Sage’s global construction management application with its native-cloud accounting solution to give service-providing construction companies a specialized tool to manage the entire work order life cycle. Sage Field Operations will continue to expand Sage’s holding in the construction field. Filling this functionality gap will give Sage Intacct a key component in this overall construction offering that will help it position even more competitively against other construction applications. ERP vendors continue to acquire clients in recent weeks, adding to their already extensive customer bases. Some of the acquisitions include Tovala’s selection of Oracle NetSuite to amplify its meal subscription service, Zeelandia’s increased efficiency with Infor Coleman AI, Nordisk Film’s adoption of Qlik Cloud Analytics, and First PREMIER Bank’s choice to implement UKG. ECI Software Solutions acquired Data Inventions, the maker of a data connectivity and manufacturing intelligence platform called Alora, and Lojic, a maker of a customizable visualization and data analytics solution, for their machine and business intelligence platforms for manufacturers. A research paper from 5G Americas has highlighted that complex ERP-related business process use cases often require data delivery within a specified time duration with a high degree of guaranteed reliability. To facilitate gains in 5G wireless cellular standards and networks to address new enterprise and industrial use cases, modern 5G networks are accelerating the introduction of technologies such as ultra-reliable low latency communication (URLLC) and time-sensitive networking (TSN) support.
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The ERP Advisor - A Systematic Run-Through of Sage
Sage is one of the largest ERP vendors in the market, competing with the likes of Microsoft and SAP. Today, Sage has over 11,000 employees with customers in more than 20 countries. Its offerings span across HR, payroll, assets, enterprise systems, and more to help businesses grow. In this episode of The ERP Advisor, Shawn Windle provided a systematic run-through of Sage and how it could help your business.
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The ERP Minute - Episode 50
Blackbaud released its financial results for its second quarter ended June 30, 2022. Second quarter total revenue increased 15.5% year-over-year with the first half of 2022, while non-GAAP organic recurring revenue increased 5.1%. IFS reported its financial results for H1 as of June 30, 2022, with its share of recurring revenue reaching 71% of total revenues and H1 2022 software revenue grew 22% over H1 2021. Salesforce announced Composable Storefront, a fully customizable, headless digital storefront. Features include best-in-class integrations, pricing, and implementation accelerators from across the Salesforce ecosystem, all anchored by Commerce Cloud. QAD introduced the Elevate Program, which provides its ERP customers a simplified upgrade path to QAD adaptive ERP through a rapid, low-cost, automation-powered approach. QAD’s program leverages knowledgeable QAD consultants to upgrade to the QAD Cloud in less than six months. ECI Software Solutions, a provider of cloud-based business management solutions, released M1 ITAR – a cloud-based platform for manufacturers who serve the U.S. government’s aerospace and defense needs to assist in maintaining compliance with the International Traffic in Arms Regulations (ITAR). Leveraging Microsoft Azure for U.S. Government and AWS GovCloud, M1 ITAR helps manufacturers grow their business capabilities and maintain data in a secure cloud environment.
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The ERP Advisor - A Methodical Review of Microsoft
As a technology goliath, many already know the humble origins of the company founded in 1975. Microsoft’s mission is to empower every person and every organization on the planet to achieve more, but how does that shape its ERP offerings? Join EAG for a methodical review of Microsoft in the ERP market.
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