The ERP Minute - Episode 36
Last week, SAP announced their Q1 2022 results with continued cloud momentum. Cloud revenue further accelerates, up 31%, SAP S/4HANA cloud revenue significantly increased, up 78%, and SAP S/4HANA current cloud backlog is expanding even faster, up 86%. Oracle recently announced the availability of Oracle Exadata Cloud Infrastructure X9M which enables customers to run on existing workloads faster, with greater scale, and at a lower cost than previous generations. Gartner predicts that three emerging environmental sustainability technologies will see early mainstream adoption by 2025. These technologies are cloud sustainability, carbon footprint measurement, and advanced grid management software. In line with this prediction, Workday publicized new solutions and expanded capabilities to help its global customers meet the demands of evolving environmental, social, governance regulations and corporate accountability. Also related, this week Acumatica was awarded a silver medal for its sustainability management and performance by EcoVadis, the world’s largest and most trusted provider of business sustainability ratings.
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The ERP Minute - Episode 35
Blackbaud announced yesterday that it has achieved carbon neutrality across its operations and data centers for 2021, and that it will engage with the Taskforce and Climate Financial Disclosure and CDP to ensure transparent sustainability reporting and progress. Acumatica achieved many different number one rankings in the G2 Spring 2022 reports. OneStream announced strong 2022 Q1 results with achieving 67 percent year-over-year Annual Recurring Revenue (ARR) growth in the quarter ending March 31st. In addition, since the beginning of 2022, OneStream has added over 100 employees and is now over 1,100 employees across 18 countries. Salesforce launched CRM Analytics with new innovations that surface IA-powered, actionable insights directly in the flow of work. Microsoft announced the general availability of Subscription billing for Microsoft Dynamics 365 Finance at no additional cost to users of Dynamics 365 Finance.
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How to Choose the Top Food & Beverage ERP System
With a world of possibilities and ERP options on the market, how can you identify the top ERP system to fit your operations? Shawn Windle, ERP expert, discusses the ins and outs of Food and Beverage ERPs to guide decision makers through the disruptive process of upgrading their business with the right ERP.
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The ERP Minute Episode 34 - April 12, 2022
Oracle and the Association of International Certified Professional Accountants announced last week that they intend to host an introductory certification series to address the technology skills gap in finance and accounting. Acumatica recently named CJ Boguszweski as Vice President of Partner Strategy & Programs. Deltek has created The Deltek Scholars Program to fund George Mason University Computer Science graduates. IFS announced the release of its first of two updates to IFS CloudTM in 2022. QAD Inc. has released its latest enhancements to QAD Adaptive ERP, along with other QAD applications. Gartner has forecasted that Worldwide IT spending is going to reach $4.4 trillion in 2022, an increase of 4% from 2021, as CIOs recognize the importance of flexibility and agility in responding to disruptions.
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The ERP Minute - Episode 33
Epicor recently announced that is has appointed Lisa Pope as President of the company. Pope will continue to lead overall go-to-market strategy and execution for the company. Workday reported that it intends to create 1,000 new jobs over the next two years at its European headquarters in Dublin, increasing its Ireland-based workforce by approximately 60%. In addition, Workday plans to construct its new European headquarters at Grangegorman, Dublin 7. IFS announced last week that Hg, a leading software and services investor, has agreed to become a significant minority shareholder in IFS and WorkWave. Sage, in partnership with The BOSS Network, an online community for professional and entrepreneurial women, recently publicized the awardees of the 2022 Sage Invest in Progress grants to support black women entrepreneurs in their first five years of business.
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The ERP Minute - Episode 32
Blackbaud recently announced its addition of PayPal and Venmo payment capabilities for Blackbaud Merchant Services Customers. This addition will allow social good organizations to offer supporters the option to check out using PayPal or Venmo. SAP announced Microsoft’s adoption of the RISE with SAP solution on Microsoft Cloud, shifting the company’s SAP ERP software systems to SAP S/4Hana Cloud, private addition. Anaplan, an enterprise software company, was purchased by private equity firm Thoma Bravo in the amount of $10.7 billion. They will use their additional capital to build the strength of their innovate platform and capitalize on the opportunity for incredible demand in the marketplace. This acquisition follows a flurry of private equity-led takeovers in the software sector. OneStream was recognized by CRN in its 2022 Partner Program Guide. Companies are scored based on investments in program offerings, partner profitability, partner training, education and support, marketing programs and resources, sales efforts, and communication.
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Introduction to ERP Systems - Podcast Episode 66
Are you confused about what is an ERP system, how to buy an ERP system and from whom, or what you need to buy to a complete ERP system implementation? You may think you know the answers to these simple questions but if you’re like thousands of CFOs, Controllers and other Accounting Professionals that we talk to each year you, actually don’t. Review this previously hosted CPE event where we will cover these basics of ERP systems.
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The ERP Minute Episode 31 - March 22, 2022
Microsoft Corp on Friday announced the completion of its acquisition of Nuance Communications Inc, a company that delivers solutions that understand, analyze, and respond to human language. Microsoft customers will benefit from enhanced consumer, patient, clinician and employee experiences, and ultimately improved productivity. Microsoft recently announced Dynamics 365 Marketing 2022, release wave 1 is coming to the market. Some of the features we are most interested in are the unified customer activity timeline across all Dynamics 365 applications, which includes any Dynamics 365 customer data, email personalization and customization, and the ability to customize the customer journey with more flexible tools. Infor recently announced several new clients that have come onto their platform from around the world, including Foodex, ProMedica, and several organizations in Saudi Arabia.
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The ERP Minute Episode 30 - March 15, 2022
Oracle announced their fiscal 2022, Quarter three results. Total quarterly revenues were up 4% year-over-year to $10.5 billion. Fusion ERP Cloud Revenue is up 33% and NetSuite ERP Cloud Revenue is up 27%. Last week, SAP completed its acquisition of a majority stake of Taulia, a leading provider of working capital management solutions. Taulia’s platform allows trading partners to determine payment terms with much more flexibility than traditional restrictions. Sage recently announced the launch of Sage Intaact Manufacturing in France. Vice President of Product for Sage, Rob Sinfield states, “Serving as a complementary solution within our portfolio to the more complex capabilities offered by Sage X3, Sage Intaact Manufacturing provides smaller manufacturing businesses with the opportunity to use best in class technology at a scale that suits them.” On a different note, Microsoft’s Azure Quantum program has developed devices that can create quantum properties, which scientists have imagined for nearly a century. Microsoft’s approach to building a quantum computer aims at creating more stable machines than those built with other types of known qubits, and therefore will be able to scale like no other has before.
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The ERP Minute - Episode 29
Epicor announced it acquired Grow Inc, a no-code, full-stack business intelligence platform. The acquisition complements the Epicor portfolio with analytics capabilities that allow customers to generate actionable insights from their data. Grow Inc. combines data integrations, data warehousing, and visualization into one easy to use platform. On a different note, Sage recently commissioned a study to small and mid-sized businesses. Sage commissioned the study to look at the confidence of SMBs, surveying more than 13,000 businesses across eleven countries worldwide to understand their experience during the COVID-19 pandemic and their outlook for the future. The survey found that 69% of business decision makers feel confident that their company will be successful 12 months from now, compared to 58% that felt confident this time last year. This optimism is starting to filter through into probability, with about 81% of SMBs expecting to be at least somewhat back to pre-pandemic levels of profitability. Finally, 86% of SMBs expect to make a change to become more sustainable in the year ahead. Workday recently announced its full fiscal year, 2022 results. Total revenues were $5.14 billion, an increase of 19.0% from fiscal year, 2021. Subscription revenues were $4.55 billion, an increase of 20% from the prior year. Non-GAAP operating was $1.15 billion and as of January 31, 2022, cash, cash equivalents, and marketable securities were $3.64 billion.
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The ERP Minute Episode 28 - March 1, 2022
Infor and iCIMS, a talent cloud company, announced a strategic partnership that will deliver next-gen talent capabilities throughout North America to key services industries, including healthcare organizations. In other news, Sage recently announced the availability of Sage Intacct 2022, Release 1, adding new AI capability to further augment digital transformation for CFOs. The latest release provides businesses with artificial intelligence and machine learning tools including automating AP approval process with new scanning and vendor payments capabilities; detecting journal entry outliers for general ledger data entry; and providing deeper visualization of contract data through their interactive customer report writer. This release is due in March 2022. QAD Precision, a division of QAD Inc., announced its achievement of Veracode Verified Team Status for its Global Trade and Transportation Execution solution. Related, Gartner reports why critical infrastructure attacks are everyone's problem. Gartner details how these recent attacks by nations against other governments are an indicator of how similar attacks will continue in the future for even private businesses.
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The ERP Minute - Episode 27
Acumatica, one of the fastest-growing cloud ERP companies, has announced John Case as its new Chief Executive Officer, effective March 1, 2022. Case will take over for Jon Roskill, who has been with the company since 2014. Shopify, a provider of ecommerce solutions, announced strong financial results for the quarter ending December 31, 2021, and for the entire year. Their Fourth-quarter 2021 merchant solutions revenue exceeded $1 billion for the first time. Total revenue for the full year 2021 was $4.6 billion, a 57% increase over 2020. SAP and BearingPoint, a management consulting firm, announced they will join forces on carbon and environmental footprint solutions. The companies will collaborate to advance the design and development of a leading-edge solution for customers to help them reach zero emissions. Related, SAP just recently announced a partnership with IBM which will help clients move workloads from SAP solutions to the cloud, which we also see as a move towards reducing their carbon footprint.
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The ERP Minute Episode 26: February 15, 2022
Yesterday, Oracle announced new logistics management capabilities within Oracle Fusion Cloud SCM. Some of the new capabilities include intelligent transit time predictions, enhanced shipment capabilities, multi-language digital assistant, and advanced transportation and global trade analytics. In other Oracle news, NetSuite announced that they are launching the NetSuite Accelerator, a program to invest in the creation, growth, and success of businesses built by diverse communities. The program will leverage the experiences learned from their global community to ensure that more entrepreneurs and leaders have greater access to methods that will help to achieve sustainable growth that only comes from having visibility and control in their businesses. Congratulations to Blackbaud, a leader in Nonprofit software, for being named to Forbes List of America’s Best Employers for the fifth year. Salesforce recently opened their Trailblazer Ranch, where employees can go for company training and other activities.
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ERP Minute Episode 25 - February 9, 2022
Sage recently issued a trading update for their first quarter of 2022, indicating that recurring revenue grew by 8%, underpinned by a 21% rise in Sage Business Cloud revenue, and continued strength in new customer acquisition. Software subscription revenue grew by 13%, increasing subscription penetration to 73%. Congratulations to Microsoft for receiving the top position in the IDC Marketspace for the Worldwide Manufacturing Field Service Management Applications Vendor Assessment for 2021 through 2022. Planful, a provider of financial close, consolidation, and financial planning & analysis cloud software, announced that the company has been named a Leader in the Nucleus Research 2022 Corporate Performance Management Value Matrix for the ninth year in a row. Gartner recently released a report stating that they predict 25% of people will spend at least one hour per day in the Metaverse by 2026.
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Dumping Your Legacy Software for a Nicer, Younger ERP System - Podcast Episode 64
In the spirit of Valentine’s Day, Shawn Windle, ERP Expert, is joined by his wife and co-host Erica Windle, Principal Operations, to discuss the hardships of staying with your troublesome legacy software. Filled with dating analogies galore as they detail the steps to dumping old, underperforming software for newer, younger cloud-based products.
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ERP Minute Episode- 23
Acumatica, one of the fast-growing cloud ERP vendors, recently held its Customer Conference Summit this week. The company announced they acquired IBS Imperium and will expand their ecosystem integrations with Autodesk Build, Adobe PDF Annotator, UiPath and Amazon Connector.
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ERP Trends and Predictions 2022- Podcast Episode 63
Shawn Windle, ERP Advisor to CFOs, CEOs and Private Equity owners across every major industry, shares colorful insights about 2021 ERP trends and gives predictions for ALL major vendors in 2022 including:
Acumatica
Epicor
IFS
Infor
Microsoft Dynamics
NetSuite
Sage
SAP
Unit4
Workday
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The ERP Minute - Episode 22
SAP announced Q4 cloud revenue was up 28% and full year 2021 cloud revenue was up 16%. Acumatica has announced its achievement of 10 different number 1 rankings in the G2 Winter 2022 reports. Blackbaud acquired EVERFI. Nextworld acquired DSI, a pervasive WMS solution for midsized product-based companies.
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The ERP Minute - Episode 21
Sage announced that it agreed to acquire Brightpearl. Oracle announced last week that it has entered into an agreement to acquire Verenia’s NetSuite CPQ business. OneStream Software announced it has achieved over $200 million in Annual Recurring Revenue. Qlik announced it has confidentially submitted a draft registration statement with the SEC for a proposed initial public offering of its common stock.
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The ERP Minute — December 20th, 2021
UKG is closely observing and addressing a recent cyberattack that impacted Kronos Private Cloud. QAD acquired WebJaguar, a best-in-class digital commerce solution. Oracle announced an agreement to acquire Cerner, a medical records company. ERP Advisors Group wishes you a Happy Holiday season!
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The ERP Minute — December 14th, 2021
Oracle announced fiscal 2022 second quarter financial results. Total revenue for Oracle was up 6.4% to $10.4 billion dollars. Cloud services and license support revenue were up 6% to $7.6 billion dollars. Total cloud revenue was up 22% to $2.7 billion. Fusion ERP cloud revenue was up 35%, NetSuite ERP cloud revenue was up 29%. Oracle CEO Safra Catz made a statement on the report, crediting infrastructure and application growth.
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The ERP Minute — December 7th, 2021
Cyber week just wrapped up, and three major eCommerce companies reported record-breaking sales. Salesforce merchants hit an all-time global online sales high of $275 billion. Shopify merchants hit $6.3 billion in sales. BigCommerce had the largest spike in holiday season sales growth to date. Microsoft Dynamics 365 held their annual conference, announcing Context IQ, the Microsoft Customer Experience Platform, and Dynamics 365 Supply Chain Insights.
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The ERP Minute — November 30th, 2021
Shopify merchants broke Black Friday sales records. Unit4 just announced a multi-tenant industry cloud service called Industry Mesh. Workday will soon acquire VNDLY, a vendor and contractor management system. SAP released a unified low-code/no-code development experience.
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The ERP Minute — November 16th, 2021
Sage hosted their 14th annual conference for Sage Intacct users last week in Las Vegas. The company announced new product enhancements around digitalizing various processes. Sage announced they will be expanding their international reach into non-English-speaking regions. Sage Intacct took Transform 2021 to honor some 28 of their customers including Canine Companions, Purple Wave, and Vets Pets. Sage announced their partnership with Zapier to support small businesses providing more value to customers.
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Digital Transformation for eCommerce Businesses - The ERP Advisor Podcast Episode 61
ECommerce businesses must continually cater to an increasingly sophisticated and demanding buying experience with their front-end software. But how do eCommerce businesses synthesize front-end improvements while optimizing their back-office technologies to better automate order management, inventory management, and third-party logistics? Find out best practices from eCommerce businesses that are undergoing such digital transformation projects.
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