FinancialForce rebranded as Certinia, intending to bring certainty to customers of its business as a service suite of products. Other news came from the Blue Yonder user conference ICON with announcements and major investment plans. Rimini Street issued its Q1 results showing signs that Rimini One is helping to boost revenues and keep its growth on track.
Pick of the week
Blue Yonder made a series of announcements at its annual conference at ICON 2023. It released an update for Q1 and plans for future growth. During Q1 2023, it added 37 net new customer logos. In the next 12-18 months, it will add 1,000 new hires and plans to invest $1 billion in the next three years in R&D.
It has an extensive roadmap to spend the $1 billion, including:
- Delivering interoperability of supply chain execution capabilities
- Introducing a new and disruptive class of applications that are cognitive and connected
- Generative AI and co-pilots
- Unified resource management
- Elevating Luminate Platform powered by Snowflake
- Composable upgrades
- Help companies meet sustainability needs with product enhancements
Duncan Angove, CEO, Blue Yonder, commented, “Never before have new technologies fundamentally shifted the human experience multiple times in a single generation. The moment to reimagine how supply chains run is now. We are challenging conventional thinking and not looking at incremental change but a step change in value that delivers five to ten times better outcomes than current approaches. Having experienced incredible disruption, supply chains are in every boardroom conversation and top-of-mind for the C-suite.
“Underpinned by emerging technologies of generative AI and the data cloud, we hold an opportunity to elevate the way our customers use and benefit from our solutions. Blue Yonder is excited to be at the forefront of making this change thanks to our partnerships with Snowflake and Accenture, as well as how we are shifting our solutions to meet the innovation needs of our customers.”
Beyond product, Blue Yonder has enhanced the services it offers through its Cloud and Customer Experience team. It announced the Value-Acceleration-as-a-Service program comprising enhanced support and value accelerators and automated testing services.
Blue Yonder also announced the expansion of its relationship with Accenture. They plan to help organizations compress transformation and reinvent their supply chains to fuel profitable growth and optimize costs while doing good for people and the planet.
More customer stories emerged from ICON. Sainsbury’s, one of the UK’s leading multi-brand retailers, has digitally transformed its end-to-end supply chain strategy working with Blue Yonder.
Pegasus Logistics Group, one of the U.S.’s largest privately held freight forwarders, has chosen to build a digital-first strategy for its warehouse operations by selecting Blue Yonder’s SaaS-based Warehouse Management System (WMS).
Panasonic Industry Co., Ltd., a leading device business, has chosen to digitally transform its planning capabilities with Blue Yonder’s SaaS-based Integrated Demand & Supply Planning solution in the industry cloud.
Appointments
Intuit has appointed Ryan Roslansky, CEO of LinkedIn, and Eric S. Yuan, CEO and founder of Zoom Video Communications, to its board of directors.
Business
Deltek revealed that its SMB customer base increased by 20% in 2022, with government contractors accounting for nearly half of that growth.
Genius ERP has partnered with SecturaSOFT, the fast and robust quoting and estimating platform created for metal fabricators that will allow its customers to save time, create better quotes and win more business.
SAP and IBM announced that IBM Watson technology would be embedded into SAP solutions to provide new AI-driven insights and automation to help accelerate innovation and create more efficient and effective user experiences across the SAP application portfolio.
Customer
Deltek revealed the growth of its Ajera customer base in 2022, revealing how CGI Group and Osterlund Architects have benefitted from the accounting and project management solution.
Esker announced Canada-based Corus Entertainment (“Corus”), a major player in the media and entertainment industry, is automating its entire procure-to-pay (P2P) process with Esker — investing in solutions for accounts payable (AP), procurement, expense and supplier management.
E&A Scheer, the Rum company, went live on Infor CloudSuite Food & Beverage. Clarins UK, the premium skincare brand, has deployed the Infor WMS warehouse management system.
Lovisa Pty Limited, the fashion-forward jewellery brand, has implemented Infor Warehouse Management System (WMS) in their new facility in Poland with the support of SNS.
Frozen Garden, a small food manufacturer specializing in producing healthy frozen food, has increased its efficiency by 400% since deploying MRP Easy.
NetSuite has revealed why and how Steeda Autosports replaced its legacy on-premises solution with Oracle NetSuite. Crossroads Health chose NetSuite over Acumatica, Microsoft, and Sage for its budgeting capabilities and support network. It also uses NetSuite Planning and Budgeting to track and forecast its use of grant funding in detail, allocating funds across projects with ease.
Quality Fabricators Inc., a leading provider of precision metal fabrication services, is deploying Paperless Parts quotation and estimating tool and hopes to double work volume with key customers and beat its 2023 revenue projections.
Financial Reports
Rimini Street
Rimini Street revealed its Q1 2023 results. Seth A. Ravin, Rimini Street co-Founder, President, CEO and Chairman of the board, stated, “For the first quarter of 2023, we were pleased to both complete the launch of our expanded solutions portfolio and sell the full portfolio to name-brand organizations globally. This expanded portfolio will allow us to meet the needs of a significantly larger market of organizations with $200 million or more in annual revenue or budget.”
Key figures included:
- Quarterly revenue of $105.5 million, up 7.8% year over year
- Gross margin of 62.7% compared to the prior year of 62.0%
- Net income of $5.6 million, up 82.7% year over year
“One of the new premier solutions launched in the first quarter was our end-to-end, ‘turnkey’ outsourcing offering – Rimini ONE™ – which provides organizations a one-vendor solution for their current and evolving enterprise software needs and leverages Rimini Street’s unique, industry-leading value, reliability, responsiveness and engineering capability. We have already signed more than 100 Rimini ONE clients and believe our significantly expanded solutions portfolio will increase sales to new and existing clients, improve subscription renewals and extensions and expand client lifetime value.”
Product
QAD Adaptive ERP has again achieved Veracode Verified Standard Status with its continued participation in Veracode Verified, a program that validates a company’s secure software development processes.
Rootstock announced the launch of Enterprise Insights, the new analytics solution within its Spring ’23 Release.
Simpro Premium 23.2.3 has been released and contains several updates, including:
- Support for Oakleys automatic catalogue and supplier invoice syncing (NZ)
- More flexible payment terms
- An Asset Cost Analysis Report
- More customisation for Form Builder Templates
Xero rolled out some additional report preferences and also direct feeds for Grow Finance direct feeds (AU), Modulr direct feeds (UK), OptiPay direct feeds (AU) and WayFlyer direct feeds (UK).
