walkers-November-News Image by cocoparisienne from PixabayFreeAgent made two announcements around improvements to its product this week, a new Smart Capture capability, and a new integration for Amazon sellers. Workday revealed that the Coventry Building Society went live on Workday Financial Management on April 1st.

Acquisitions

IRIS Software Group (IRIS) has acquired Blue Octopus, a leading provider of recruitment software and services in the UK.

Appointments

Jakob Hatteland Computer’s board has appointed Andreas Hellström as the new Chief Executive Officer for Jakob Hatteland Computer AS and its subsidiaries. As well as our brands RamBase Cloud ERP and INOSA Quality Management System.

Business

Deltek has shared the Top Federal Opportunities for government contractors to know. It has released the 2024 opportunities and announced the latest edition of its annual flagship series of webinars and reports. The top 50 opportunities accounted for approximately $550B in federal contracts. Those who attend the webinar series (registration required) or download the reports will gain access to the full list.

Forterro announced a partnership agreement with Obilog. Obilog is a Kardol Group company and a French integrator of management solutions specializing in the industry. The partnership will be for the distribution of Sylob solutions.

IAS and Institute Für Produktionstechnik have partnered to conduct research around IoE, IoT, and MES. IAS Chief Automation Officer Ibrahim M Tataroglu said that, “We are thrilled to join forces with Institut für Produktionstechnik and IAS Canias. This collaboration represents a significant step forward in our commitment to driving innovation in Internet of Energy, MES, and monitors additive manufacturing technologies. By combining our strengths, we aim to create solutions that will redefine industry standards and pave the way for a more sustainable and efficient future.”

Iplicit revealed that by Autumn, over 100 multi-academy trusts will be live on its solutions. This is only 18 months after it launched the new cloud financial management at the BETT Show. Julie Cragg, Trust Finance Manager at Rochdale-based Hollingworth Learning Trust, which has moved to iplicit from Sage, said, “iplicit will allow us to grow as a MAT as it offers much more from the system. The setup process and training received gives us the confidence that all finance staff and other staff will have the ability to quickly adapt to the new system and see these time savings and reports from implementation.”

SAP announced a multiyear partnership with the Mercedes-AMG PETRONAS F1 Team starting in 2024. SAP S/4HANA Cloud, the private edition, serves as the technology foundation for the team. Enabling them to explore how artificial intelligence (AI) and cloud solutions from SAP can help inform and predict decisions. It will also optimize resources and future-proof their IT infrastructure.

Totalmobile and CGI announced a strategic partnership focused on reshaping how health and care services are delivered across their UK client bases. CGI is a leading IT and business consulting services company.

Visma announced that Team Jumbo-Visma will continue as Team Visma | Lease a Bike. After five years as second title sponsor, Visma will be the team’s first title sponsor from the 2024 season.

Customer

Emmi, a leading dairy product manufacturer based in Lucerne, Switzerland, has implemented Infor CloudSuite Food & Beverage. This is powered by Amazon Web Services (AWS).

MRP Easy published a case study detailing how craft chemical manufacturer Stakam brought its inventory management to a new level of efficiency.

The Hilti Group, a global leader providing innovative hardware, software and services to the construction industry. They are using the Boston Group’s Circelligence solution. This is built on SAP BTP, to increase the circularity of its resources.

Queensland Parliamentary Service is embarking on a digital transformation project. This includes replacing its long-standing Financial Information Management System with TechnologyOne’s highly secure Software-as-a-Service (SaaS) Enterprise Resource Planning (ERP) software to support its core financial functions.

Workday published an article that revealed how Franklin Templeton is transforming its finance organization with Workday HCM and Workday FM.

Financial Reports

Sage

Sage published its full-year 2023 results for the fiscal year ending 30th September 2023.

Key figures were:

  • ARR was up 11% y/y to £2,188 million
  • Total revenue rose 10% y/y to £2,184 million
  • Recurring revenue rose 12% y/y to £2,096 million
  • Underlying operating profit rose 18% y/y to £456 million

Steve Hare, Chief Executive Officer, commented, “Sage performed well in FY23, delivering double-digit revenue growth, increased profitability and strong cash flows. We sustained good momentum throughout the year in all regions, driven by consistent strategic execution.

“We continue to help small and mid-sized businesses succeed, providing them with the tools and expertise they need to simplify their accounting and HR processes, streamline their operations, and make more informed business decisions. Through the Sage Network, we are delivering innovative, AI-powered services to customers faster and more efficiently than ever before.

“Small and mid-sized businesses are continuing to digitalise despite the macroeconomic uncertainty. We are building a resilient platform to deliver sustained, efficient growth, and I am confident that Sage is well positioned to take advantage of the market opportunity in 2024 and beyond.”

TechnologyOne

TechnologyOne, Australia’s largest ERP Software as a Service (SaaS) company, announced a fourteenth consecutive year of record profit. With record revenues, and record SaaS fees in its full-year results for the fiscal year ending 30 September 2023.

  • Profit Before Tax of $129.9m, up 16%, beating guidance of 10%-15% growth
  • Profit After Tax of $102.9m, up 16%, beating guidance of 10%-15% growth
  • Total Annual Recurring Revenue (ARR)1 of $392.9m, up 23%
  • On track to surpass $500m ARR by FY25
  • Net Revenue Retention (NRR) of 119%. Above our long-term target of 115%
  • Total Revenue2 of $441.1m, up 19%
  • Revenue from our SaaS and Recurring Business of $390.7m, up 22%

Ed Chung, TechnologyOne CEO, Said, “Our ARR growth of 23% and profit growth of 16% is driven by the significant value proposition of our global SaaS ERP solution for new and existing customers. Pleasingly, existing customers are also continuing to expand their use of our global SaaS ERP solution to streamline their operations, as shown by our Net Revenue Retention (NRR) of 119%. I am also pleased to share that we are on track to surpass $500 million ARR by FY25, bringing our medium-term guidance a year forward.

“With strong results and a confidence in our sales pipeline, we made additional investments in all our pillars for growth to enable us to continue to double in size every five years beyond $500 million ARR. In R&D we increased investment by 21% to accelerate the development of our ground-breaking Digital Experience Platform (DxP) and our transformative AppBuilder product, the latter resonated so strongly with our customers that we are speeding up delivery to release faster than our original targets.

“In the UK, we increased the size of our sales and consulting team as a result of the early success of SaaS+, with the region’s ARR up 52%. All of these additional investments will support future margin targets and fast-track the development outcomes our communities deserve.

“We established our visionary SaaS+ offering, becoming the world’s first SaaS+ ERP company, by combining our mission-critical global SaaS ERP solution and implementation in one single fee, removing the need for traditional, complex, long, risky and expensive consulting implementations to provide faster go-lives and therefore unlocking value for our customers more quickly.

“We returned cashflow generation to NPAT ratio of approximately 100% one year earlier than planned. With significant cash and investment holdings of $223.3 million and no debt, our balance sheet retains flexibility and strength for inorganic growth in the future.”

Product

Mi9 Retail announced the latest release of their flagship merchandise management platform, Mi9 Merchant. This supports out-of-the-box product inventory and price feed to Google Shopping Local Feeds Partnership.

In the UK, SYSPRO, today announced the immediate availability of SYSPRO 8 2023. SYSPRO is a global provider of industry-built enterprise resource planning (ERP) software. This is the latest release of the SYSPRO ERP Platform.

ERP news from the week beginning 13th November 2023

 

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