Sage revealed the latest update to Sage Intacct, 2023 R1. Infor revealed Infor Clinical Science to improve the work scheduling for nurses. Ad Valorem deployed IRIS Software solutions to help run its accounting business. Epicor published a report that looked at the views of manufacturing workers rather than leaders. It has some interesting insights.
Appointments
Intuit named Sandeep Singh Aujla as Chief Financial Officer, effective August 1, 2023. Michelle Clatterbuck, who has served as CFO since February 2018, plans to step down as CFO on July 31, 2023.
Ramco Systems has made three appointments to strengthen its Oceania team. It appointed Vikas Goel as Business Head for the Oceania region. Abhinav Sinha was appointed Head of Sales & Pre-Sales, ANZ, for Ramco HR & Payroll (HRP). Finally, Daniel Adamek was appointed Vice President of Business Development & Customer Relationship Management for its Logistics business on board the Oceania Team.
Rootstock announced the appointment of Joe Massa to the position of Chief Revenue Officer. David Stephans, CEO of Rootstock Software, said, “We’re excited to bring Joe on board, as he’s a valuable addition to our executive team. Joe has succeeded in helping similarly sized software companies scale for rapid growth.
“He draws on more than 30 years of experience in the software industry and 15 years in helping sales organizations achieve success. He has in-depth knowledge of manufacturing and supply chain operations, as well as familiarity with the technologies—including Cloud ERP and the Salesforce ecosystem—that can help manufacturers digitally transform their businesses.”
The Supervisory Board of SAP SE has nominated Mr Punit Renjen to stand for election as a new member of the Supervisory Board. It has also proposed Mr Renjen as the designated successor to Chairman, Prof. Dr Hasso Plattner. Prof. Dr Plattner’s term expires in May 2024.
Totalmobile appointed Andrew Murrell as Chief Financial Officer. Murrell brings over 20 years of experience as a CFO, working with companies such as Ernst & Young, Coffee Point, Kisimul Group and Pharmaspectra.
Business
As announced at the Acumatica Summit, Acumatica has revealed a two-year partnership with Jessica Korda, a highly ranked professional golfer with the Ladies Professional Golf Association (LPGA).
IFS celebrated the 25th anniversary of the inception of its Sri Lankan operations. IFS Sri Lanka is a powerhouse in the local ICT industry, with more than 2,200 employees, accounting for approximately 40% of IFS’s global staff.
Rimini Street celebrated a successful 10 years of operations in India.
Sage announced a partnership with Funding Circle. Sage Accounting software users can apply for business loans ranging from £10,000 to £500,000, with the option to repay the loan over six months to six years.
Customer
Oliver Packaging & Equipment Co. — a leading manufacturer of premium food equipment and meal packaging systems — is leveraging its integrated Infor CloudSuite Industrial and artificial intelligence (AI) solution to help provide critical food supplies to senior meals programs, healthcare organizations, schools, grocery stores and more.
Grupo MYT has selected Oracle MICROS Simphony Cloud Point-of-Sale (POS) and Oracle NetSuite Enterprise Resource Planning (ERP) to modernize its operations and improve scalability for expedited growth.
Belcorp, a beauty corporation, has selected ToolsGroup supply chain planning solutions to improve its supply chain planning practices for enhanced inventory performance and elevated service levels.
Financial Reports
Intuit
Intuit published Q2 financial results and updated its outlook for the full year. During the second quarter, Intuit:
- Grew total revenue to $3.0 billion, up 14%.
- Increased Small Business and Self-Employed Group revenue by 20% to $1.9 billion.
- Grew Online Ecosystem revenue by 24% to $1.4 billion.
- Increased Consumer Group revenue to $516 million, up 26%.
- Reported Credit Karma revenue of $375 million, down 16%.
- Grew ProTax Group revenue to $253 million, up 7%.
Sasan Goodarzi, Intuit’s chief executive officer, commented, “We had a strong second quarter as we executed on our strategy to be the global AI-driven expert platform powering prosperity for consumers and small businesses. As we celebrate our 40th anniversary this year we are proud of our history of thriving during various economic cycles and we are confident that the benefits of the Intuit platform are more mission-critical than ever to our customers.”
Intuit reiterated guidance for the full fiscal year 2023. It expects revenue of $14.035 billion to $14.250 billion, a growth of approximately 10 to 12%.
Product
Sage announced the launch of Sage Active, its first cloud-native European accounting solution to support SMEs in their growth. Intended for SMEs with 10 to 250 employees, Sage Active marks the launch of a new generation of scalable, open and customizable management solutions. It complements the reference accounting solutions Sage 50 and Sage 100 with a new cloud experience.
simPRO
simPRO released simPRO 23.1.4 and simPRO Mobile 10.5. The simPRO update includes the following:
- The ability to add multiple contacts to sites in the customer portal
- Improvement to VoIP
- Automatically archive expired quotes and jobs
- Several bug fixes.
The update to cimPRO mobile ensures that users are logged out automatically when their account is deleted.
Xero
Xero continues to improve its reporting functionality. It is now possible to see foreign currency transactions in both source and base currencies on the Receivable Invoice Summary and Receivable Invoice Detail reports and the Payable Invoice Summary and Payable Invoice Detail reports.
