Last week Oracle revealed that it has partnered and invested in Cohore, a generative AI vendor and will implement Generative AI solutions across its portfolio, including Fusion and NetSuite. Oracle NetSuite announced NetSuite Account Reconciliation.
Epicor has promoted Vaibhav Vohra to Chief Product and Technology Officer. Workday appointed a new CMO, Emma Chalwin, who joins from Salesforce.
Rootstock revealed that industry leader Nash Tackle had implemented Rootstock ERP alongside Salesforce CRM. Infor has revealed that Anne Fontaine, the renowned women’s ready-to-wear brand, is to modernise its operations with Infor CloudSuite Fashion ERP.
Business
The Access Group is fast-tracking plans to expand operations into Malaysia later this year through a new partnership with Malaysia Digital Economy Corporation (MDEC), the government agency leading the digital transformation of the Malaysian economy.
Arribatec has opened an office in the world’s northernmost town, Longyearbyen, Svalbard.
Epicor revealed significant growth in customer cloud adoption in the UK and Ireland during the company’s annual Customer Day event in Birmingham. Andy Coussins, Epicor Senior Vice President and Head of International, commented, “Our customers across the Make, Move, and Sell industries are strengthening their critical operations with the flexibility, scalability, and security that a cloud model provides. Over the past year, we have seen more than 80% growth in customer cloud adoption with new implementations, and a considerable number of our on-premises customers making the move or planning to migrate their existing platforms to our SaaS model.”
JCurve, the Oracle NetSuite partner, announced the resignation of Stephen Canning after 8 years as CEO. It expects to announce a new CEO within 6 months.
Rambase has added a Hundred Solutions as a partner. Hundred Solutions has offices in Norway and India and offers services including Digital Twins, Data Analytics, ERP 2.0, and Financial Services.
Sage announced it would relocate offices in the fall of 2024 to 619 Ponce, a new mass timber loft building at Jamestown’s Ponce City Market in Atlanta’s Old Fourth Ward neighbourhood.
Sage has launched a global Managed Services programme, bringing Sage Intacct, the award-winning accounting and finance solution, to larger accounting firms with growing mid-sized clients worldwide. It was launched in the UK with PwC and is available in Canada and South Africa.
Customer
Lovisa, the fashion-forward jewellery brand, has made a strategic move in its global operations by implementing Infor Warehouse Management System (WMS) at a new facility in Poland. With the support of Infor partner SNS, a leading supply chain consultancy and software implementation provider, Lovisa has taken a significant step forward in improving supply chain operations and delivering exceptional customer service.
Derby-based Browns Builders Merchants, a family-run company with a history spanning over a century, has transitioned to Intact’s innovative merchant software, Intact iQ.
Warehaus, a multidisciplinary architecture and design firm with award-winning projects throughout Central Pennsylvania, has switched to Unanet ERP AE and CRM to streamline business processes, increase project success, and prioritize its pipeline with strategic new business.
NetSuite has revealed that The Cheeky Panda, an eco-friendly toilet tissue and household goods brand, has grown from a £2 million to £12 million business operating across 25 countries while running on Oracle NetSuite.
John Keells Group, the parent company of Cinnamon Hotels & Resorts, a diverse chain of hotels with a portfolio across Sri Lanka and the Maldives, selected the Oracle Hospitality OPERA Cloud suite of products, including property management, sales and event management, and MICROS Simphony Cloud point-of-sale.
One of the world’s leading energy services providers, Petrofac, has implemented Oracle Fusion Cloud Applications Suite to enhance its operations and support its ongoing Digital Transformation Strategy.
Skytek Pty Ltd, a specialist aviation-engineering services provider with over 20 years of experience in Australia, Papua New Guinea, Indonesia, Malaysia and Myanmar, will implement Ramco Systems Aviation Suite V5.9.
Rimini Street announced continued momentum for Rimini Street Consult. It revealed that the University of Technology Sydney (UTS), Australia’s leading higher education establishment, turned to Rimini Consult to analyze and troubleshoot its lagging reporting system responsible for sharing pertinent data of its 40,000 students to the government to continue receiving billions of dollars in funding.
The City of Subiaco is to upgrade key information technology systems to TechnologyOne.
The London Business School (LBS), one of the world’s leading business schools, has selected TechnologyOne to help its digital transformation journey.
Financial Reports
Oracle
Oracle announced fiscal 2023 Q4 and full-year results. Total quarterly revenues were up 17% year-over-year in USD and 18% in constant currency to $13.8 billion. Cloud services and license support revenues were up 23% in USD and 25% in constant currency to $9.4 billion. Cloud license and on-premise license revenues were down 15% in USD and 14% in constant currency to $2.2 billion. For the fourth quarter of fiscal 2023, Cerner contributed $1.5 billion to total revenues. NetSuite contributed $0.7 billion, up 22% in USD, up 24% in constant currency.
Safra Catz, Oracle CEO, commented, “Oracle’s revenue reached an all-time high of $50 billion in FY23. Annual revenue growth was led by our cloud applications and infrastructure businesses which grew at a combined rate of 50% in constant currency. Our infrastructure growth rate has been accelerating — with 63% growth for the full year, and 77% growth in the fourth quarter. Our cloud applications growth rate also accelerated in FY23. So, both of our two strategic cloud businesses are getting bigger — and growing faster. That bodes well for another strong year in FY24.”
Product
Intuit Mailchimp announced the release of over 150 new and updated features to its platform to help marketers spend less time creating emails and reports, accelerate their eCommerce growth, and get more hands-on support.
Microsoft announced more Dynamics 365 Co-Pilot products across its ERP portfolio. They are included in Microsoft Dynamics 365 Finance, Dynamics 365 Project Operations, and Dynamics 365 Supply Chain Management.
Simpro Premium 23.2.6 includes the ability to track freight and shipping costs more accurately. It adds audit logs for quotes and a new, more detailed view with the Supplier Purchases report. There are several other enhancements.
