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The ERP Advisor presents timely information drawn from real world experience with software selections and implementations across dozens of industries. Topics include: ERP Software, Human Capital Management, Customer Relationship Management, eCommerce, Data Migration, and Blockchain and AI as they relate to ERP. The ERP Advisor is hosted by the independent and objective consultants of ERP Advisors Group. Never accepting commissions or kickbacks from any software vendors or implementation partners, ERP Advisors Group helps you navigate the most complex enterprise software projects.

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The ERP Minute Episode 139 - May 21st, 2024

May 23, 2024 • ERP Advisors Group

Sage announced its financial results for the first half of the year, 2024. Salesforce announced that the Summer ’24 release preview is now live. Certinia added features to Certinia’s Professional Services (PS) Cloud work planner and resource requests solution. Planful, as part of the Perform24 theme to “Go Beyond,” announced an array of product advancements tied to three key pillars: Automate, Collaborate, and Innovate. Nextworld unveiled 24.1, its first product release of this year.

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Hi and welcome to episode 139 of The ERP Minute. I’m your host, Rebekah McCabe.

Sage had a strong start to the week, announcing its financial results for the first half of the year, 2024. Underlying total revenue increased by 10% to £1.15b, with underlying operating profit increasing 18% to £254m, with margin increasing by 160 basis points to 22% driven by operating efficiencies. This reflects the demand for Sage’s solutions in the market and Sage’s ability to continue to deliver in these markets.

In related news, Salesforce announced that the Summer ’24 release preview is now live. The features will be generally available on June 17, 2024, with highlights including bring your own Large Language Models expansion, Slack AI, a zero-copy integration with Amazon Redshift, a Data Cloud Vector Database, Data Cloud for commerce, and a digital wallet. Salesforce continues to innovate in order to deliver even more to its customers by pushing into specialized offerings, which is a trend across the entire ERP space.

Following the product enhancement trend, Certinia added features to Certinia’s Professional Services (PS) Cloud work planner and resource requests solution. There were two major enhancements made to PS Cloud, including updates to Work Planner providing an allocation view and an availability view, and Resource Requests updates for scheduling, allocations, and attributes. Certinia is looking to deliver through industry-specific solutions with this enhancement. As vendors look to deliver more specialized solutions, we expect releases like this to continue across the market.

As software conference season is among us, Planful, as part of the Perform24 theme to “Go Beyond,” announced an array of product advancements tied to three key pillars: Automate, Collaborate, and Innovate. Major advancements include the future of Planful AI, new Planful for Workforce & Planful for Marketing capabilities, connectors with Snowflake & Microsoft Power BI, and the debut of the Solution Hub, an all-new searchable collection of pre-built solutions, open for anyone to explore and for customers to configure. Planful’s goal with this release was to free users to do more value-added work. With these enhancements, customers will be able to do even more with their preexisting Planful solutions.

Finally, Nextworld unveiled 24.1, its first product release of this year. The company launched a new set of native AI tools as part of its Nextworld Intelligence product line to help customers address their current enterprise challenges and unlock new perspectives that increase business opportunities. New capabilities include a machine learning toolkit, an AI-driven chatbot, intelligent receipts, payment anomalies, test automation, and much more. Nextworld is jumping on the AI trend to offer greater value to customers.

Thanks for tuning into The ERP Minute. We are always looking for newsworthy material to share with our listeners, so send us breaking ERP news! Make sure you subscribe to our Apple Podcast, Spotify, and YouTube channels so you never miss an episode. We’ll see you next week.