With Thanksgiving last week, the news cadence slowed significantly. However, there were still several announcements from ERP Vendors in and outside the US. Duncan Angove spoke to Enterprise Times about Blue Yonder, explaining how the fulfilment company is looking to grow towards and beyond its IPO.
Acquisitions
Visma has acquired GovTech specialist P8 Software, further strengthening its position as a key software provider for government organisations in the Netherlands.
Appointments
Xero announced that Planday’s CEO, Christian Brøndum, has decided to resign from the position on 31 December 2022. While Planday looks for a new CEO, Chris O’Neill, Xero’s Chief Growth Officer, will oversee the Planday business.
Business
Esker and Quadient announced their years-long collaboration would take on a new dimension by partnering with the French government’s upcoming Partner Dematerialization Platform (PDP). The PDP, which the government will approve, will send and receive electronic invoices between entities while simultaneously transmitting the required invoicing data to the Public Portal (PPF) and electronically reporting all necessary transaction data.
Intuit and the Suh Family Foundation, co-founded by Ndamukong and Katya Suh, announced a partnership to bring financial literacy education to high school students in some of the nation’s largest school districts in Dallas, Los Angeles, and Oakland. Intuit also announced that it had expanded its official partnership with the National Football League (NFL) in a four-year renewal deal through 2026.
Customer
Michou Deli has added the BatchMaster Customer Portal module to provide the means of managing their wholesale business. It is already using the BatchMaster Manufacturing application to manage its HACCP- operated kitchen operations.
Swedish Väderstad is one of the world’s leading companies in tillage, seeding, and planting. It has purchased IFS Cloud to help drive international growth, navigate new market conditions, and better manage increasing operational complexity.
Financial Reports
Technology One announced its financial results for the year ended 30 September 2022. For the thirteenth consecutive year, it has record profit, revenue, and SaaS fees. Profit after tax was $88.8m, up 22%. Total revenue was $369.4m, up 18%. SaaS Annual Recurring Revenue (ARR) was $274.2m, up 43%.
Ed Chung, CEO of TechnologyOne, said: “Our ability to deliver these results is due to TechnologyOne’s clear vision, strategy, culture and our significant investment in R&D. Our strategy is clear – we strive to deliver a compelling customer proposition, providing our customers with any device, any time access from anywhere around the globe, as well as a simple and cost-effective way to run their enterprise.
“We also exceeded our ambitious annual recurring revenue (ARR) targets and ended legacy licences. I’m proud to announce that we have successfully completed our strategy ahead of schedule. No other ERP company in the world has successfully made the transition to SaaS without impacting its customers and/or its profit growth.
“With our SaaS business growing faster than expected, TechnologyOne is on track to surpass our target of $500m+ ARR by FY26. During the year, we completed our fourth generation global SaaS ERP, CiA, having re-engineered our entire ERP code base using SaaS technology. We have showcased exciting new products and solutions that underpins our ability to continue to double in size every 5 years.”
Product
ODOO has added Kenyan-specific accounting features to its ERP, including new payroll and TIMS integration for VAT compliance, a legal requirement from December 1st.
OrderWise has revealed the latest updates to its solution. It has improved courier integrations to DHL Express, Parcelforce ExpressLink, Royal Mail and ShipStation. There are also improvements to returns, purchasing, sales, manufacturing and a system-wide feature that improves the scheduling capability.
Pandle has introduced a new Mileage Tracker. It enables users to keep detailed records of the journeys it makes, whether you’re making deliveries, meeting up with clients, or taking a trip out to eye up a new project. The tracker also integrates with the bookkeeping software helping to automate the often time-consuming and manual process of expenses and invoicing.
SoftOne has launched SHOPRANOS, a modern and cost-effective platform for creating a B2B e-commerce store. SHOPRANOS enables the quick and easy implementation of a B2B e-shop without time-consuming procedures and hidden costs.
Xero revealed that the Hubdoc bank statement extraction feature now supports statements from BMO for Canadian and US users.
