Besides results from Microsoft and SAP, IFS also announced solid results as it continues to grow worldwide. FinancialForce revealed how Kinetic Vision uses its ERP solution to help drive its business forward. Snellman, the Finnish and Swedish ready-made food and meat processor, is migrating its current Infor M3 solution to Infor CloudSuite Food & Beverage.
Pick of the week
At the SAP Spend Connect Live event, SAP announced several innovations, milestones and products. SAP Fieldglass, SAP Business Network for Procurement and SAP Business Network for Supply Chain solutions are now available in the SAP National Security Services (SAP NS2) portfolio. This is a regulated commercial environment that has been built to the National Institute of Standards and Technology (NIST) baseline per the FedRAMP moderate parameters.
SAP also hopes to add SAP Ariba Procurement solutions to the SAP NS2 portfolio. SAP Concur is also in progress for FedRAMP agency authorization.
Additionally, the company announced tighter integration between SAP Ariba and Icertis contract management solutions. It also demonstrated new buying 360 capabilities to the audience for SAP Ariba Procurement Solutions.
Looking forward, it will invest in category management capabilities. Muhammad Alam, president and chief product officer of Intelligent Spend and Business Network, SAP, announced, “We are increasing our focus and investment in developing solutions that will help our customers truly digitalize category management to turn data into insights that can lead to improved business outcomes.”
SAP Central Procurement, private cloud edition, is now available. It will help customers drive consistency, efficiency, visibility and control across multiple ERP solutions.
Acquisitions
Access People, a division of The Access Group, a leading provider of business management software, has acquired Paycircle, a cloud-based collaborative payroll platform for modern payroll bureaus.
Aptean announced the acquisition of Merlin Business Software Ltd., a provider of enterprise business solutions tailored to wholesalers and distributors, including those serving the industrial supply, building supply and food and beverage industries.
IRIS Software Group (IRIS), a leading global software provider of accountancy solutions, announced it had acquired Thomson Reuters myPay Solutions, a trusted online payroll processing service designed to empower CPAs.
twoday, an IT consulting firm once part of Visma has launched. The deal by CVC Capital Partners Fund VIII to buy the 2,200 employee professional services company from Visma is now complete
Visma has acquired SaaS scale-up OutSmart, a field service management software provider for small and medium-sized businesses. OutSmart is based in the Netherlands and operates in Belgium, Germany and Portugal.
Appointments
Infor has appointed Terry Smagh as senior vice president and general manager for Asia Pacific and Japan.
Business
Advantive announced that it would open a new headquarters in Tampa, Florida, by the end of 2022. It will relocate its CEO and several senior execs and hire 150 new staff over the next three years.
Oracle announced opening a new Oracle Interconnect for Microsoft Azure location in Johannesburg, South Africa, providing direct connectivity between the Oracle Cloud Johannesburg region and the Microsoft Azure South Africa North region.
Sage announced the availability of Sage Membership and Masterclass in Canada. Member Masterclass, which was previously launched in the UK and US. It will offer insights through talks and articles from leading experts and trailblazers on today’s most important challenges for businesses. It also introduced age Membership in South Africa.
Customer
Venus Wafers have implemented the BatchMaster Manufacturing ERP (BME) alongside its Sage 100 accounting solution.
Lippert Components Inc. (Lippert™), is a leading global manufacturer and supplier of highly engineered components for original equipment manufacturers (OEMs). It has expanded its use of Infor Configure Price Quote (CPQ) to enhance the digital buying experience for dealers and consumers.
NetSuite revealed how Air Oasis migrated to NetSuite from Google Sheets and QuickBooks, revolutionising its inventory, HR and reporting capabilities.
Pandle revealed how Drill Surgeries, a healthcare AI startup, is using Pandle to keep track of its business.
Southern Cross Electrical Engineering (SCEE) has switched to Rimini Street for support of its Oracle applications. The agreement enables SCEE to better maintain its Oracle applications during a business expansion and amidst an industry-wide IT skills shortage.
Financial Reports
Microsoft announced its Q3 results ending September 30th 2022. Revenue was $50.1 billion and increased by 11% (up 16% in constant currency). Operating income was $21.5 billion and increased 6% (up 15% in constant currency). Microsoft Cloud revenue was $25.7 billion, up 24% (up 31% in constant currency) year-over-year.
Satya Nadella, chairman and chief executive officer of Microsoft, commented: “In a world facing increasing headwinds, digital technology is the ultimate tailwind. In this environment, we’re focused on helping our customers do more with less, while investing in secular growth areas and managing our cost structure in a disciplined way.”
SAP announced its Q3 2022 results. Cloud revenue is up 38% (€3.288 bn) and up 25% at constant currencies. SAP S/4HANA’s current cloud backlog is up 108% and 90% at constant currencies. Total revenue up 15% €7.841 bn.
Christian Klein, the CEO of SAP, commented, “Our cloud solutions are the answer, as customers turn to us to help them future-proof their businesses. This trust in SAP is reflected in our accelerating cloud momentum. With a recurring revenue share of more than 80%, it’s clear that our transformation has reached an important inflection point, paving the way for continued growth in the future.”
Product
Pandle now allows the inclusion of a project name when importing customer and supplier invoices.
