It was a busy week for ERP vendors. IFS released the second major update of the year with IFS 2023 R2. It included updates to ESG, ERP, EAM, MRO and Service Management. Sage launched Contrsuction Management in Canada. In the US, Xero added Sales Tax Automation through a partnership with Avalara.
Workday published its Q3 fiscal 2024 results, hitting $1 billion in ARR within Europe for the first time.
Infor announced several customer wins, including Dormac Marine & Engineering in South Africa, ICA Sverige in Sweden, and Noble House Hotels & Resorts in the US.
Rootstock revealed growing momentum in Europe, with eyewear designer J. F. Rey in France selecting its solution.
Business
iplicit published a recap of the updates it has delivered in 2023. Which included 4 main updates with 23 new features and significant enhancements. New features include AP Automation, Fixed Asset Management, new Integrations, Dynamic Accounting Structures, additional bank feeds, more intercompany functionality and more. The firm now has over 19,500 active users and is continuing to grow.
Priority Software announced a new partnership with Canadian Retail Solutions Inc. (CRS) to offer cutting-edge Retail Management Solutions through a Strategic Reseller Agreement. Canadian Retail Solutions CEO Dan Holman said, “Through our partnership with Priority Software, we can supply a retail management solution that is in step with the shifting demands of the retail sector. We are dedicated to delivering solutions that drive innovation, operational efficiency, and a consistent retail experience for our clients, aiding them in navigating the competitive retail environment.”
Deloitte Touche Tohmatsu India LLP has entered a strategic partnership with Ramco Systems Limited, a leading global payroll technology provider. The partnership will leverage Ramco’s innovative payroll platform in conjunction with Deloitte’s expert advisory and managed services.
Sage announced the launch of its first AI-generated business avatar in Season 4 of Member Masterclass. “Embracing the opportunities of AI: Insights from an AI-generated expert”. The lecture is part of Sage’s industry-leading series of talks and articles for customers.
XOi, a leading provider of technician-focused technology solutions, announced a new integration partnership with Simpro, the total business management software for commercial trade service businesses.
Customer
Accounting Seed published the story of Gordon James Realty and its journey with Accounting Seed and Salesforce after switching from QuickBooks and PropertyWare.
RT-Mart, a leading hypermarket retailer in the Greater China region, has selected Blue Yonder’s category management capabilities to better utilize its in-store space. Making it easier for consumers to locate products and maximize store revenue.
Infor revealed that Waikato Regional Council in New Zealand has completed its implementation of Infor CloudSuite Public Sector. Delivering on its vision for a single, integrated smart platform that will have positive outcomes for all stakeholders and, in the long term, the community. This is unusual in that TechnologyOne has had a grip on the ANZ market. Can Infor gain market share there? The council consolidated on Infor from 28 legacy systems.
MRP Easy published a case study detailing how Fontana Candle Company identified and implemented the cost-effective MRP Easy ERP solution. This will help drive growth in the business by managing its inventory, bill of materials and supporting its sales growth.
Pandle published an interview with Kris Van Wellen, Founder of Saffa Web Design Ltd. It revealed how its accounting software has helped the startup.
MYOB, a leading SaaS provider based in Australia, has selected Rimini Street’s Rimini ONE. This will streamline and enhance the support of one of its core platforms. The decision allows MYOB’s internal development team to focus on delivering more strategic outcomes for the company.
The City of Casey in Melbourne’s south-east has completed the first phase of its digital transformation journey with TechnologyOne. Allowing it to become a more connected community and prepare for the future.
Unit4 published a case study revealing how the Volvo Dealers Association standardised on Unit4 ERP for its financial management. Tomas Svensson from the Volvo Dealers’ Association commented, “We wanted more efficient and automated customer and supplier interfaces and a higher level of process automation. Scalability was also an important factor; the platform needed to fit both small and large businesses in terms of price, functionality, and performance.”
Workday, in addition to its results, revealed customers across healthcare, financial services, retail, technology, the public sector, and more have chosen its Financial Management and Adaptive Planning solutions. Customers adding financial management to their HCM instances included Cross Insurance, First Financial Bank, Ochsner Clinic Foundation, and Patient First Corporation. More customers are also choosing both solutions straight away. With AdventHealth, Antares Global Management Limited, Aurelius Group, County of Chesterfield, County of Kern, Globe Life Inc. As well as Heartland Bank Limited, NorthShore University HealthSystem, and Weis Markets, Inc. making that choice.
Financial Reports
Intuit announced financial results for the first quarter of fiscal 2024, which ended October 31. Sasan Goodarzi, Intuit’s Chief Executive Officer, commented, “We had a very strong first quarter, starting our fiscal year with momentum. With data and AI core to our strategy, we’re accelerating innovation across our global financial technology platform to power the prosperity of consumers and small businesses.”
Key figures included:
- Grew total revenue to $3.0 billion, up 15%
- Increased Small Business and Self-Employed Group revenue to $2.3 billion, up 18%; grew Online Ecosystem revenue to $1.6 billion, up 20%
- Reported Credit Karma revenue of $405 million, down 5%
- Grew Consumer Group revenue to $187 million, up 25%
- Increased ProTax Group revenue to $42 million, up 24%
Looking forward, the company expects revenues of $15.890 billion to $16.105 billion and growth of 11-12% for the full fiscal year.
Product
FuturMaster launched ‘Forecast at Scale’, a new solution that combines Machine Learning with the ability to process massive datasets. Enabling companies to reduce volatility by leveraging demand closer to consumers. It also considers external variables impacting demand, such as weather, events, and social trends.
Gilles Lefebvre, Chief Product and R&D Officer at FuturMaster, comments, “We’re thrilled to introduce ‘Forecast at Scale’ by FuturMaster, an innovation that redefines demand planning and aligns with our vision of helping companies ‘unleash’ the complexities of their supply chains and turn them into competitive advantages. Amidst today’s volatile and uncertain business landscape, ‘Forecast at Scale’ empowers businesses to thrive.”
Jesta I.S. announced advanced features to its unified commerce Omni Store Platform. The new features enable retail brands, particularly those in the apparel and footwear, and speciality industries, to break down lingering silos between their physical and digital sales channels. As well as front and backend capabilities, to integrate their omnichannel data, internal departments and operational processes with powerful unified technology.
