- Everything ERP
- Posts
- August 28th, 2024
August 28th, 2024
Alex Lazich
August 28, 2024
Alex’s Note
Football season is around the corner - I hope everyone has begun prep for their fantasy football leagues. For film buffs out there, the Youtube channel Every Frame a Painting has returned after a 7 year hiatus.
Onto the ERP news.
Headlines & Trends
Cin7 has launched new AI capabilities under the brand Cin7 ForesightAI, which are designed to enhance inventory and order management by providing intelligent predictions and optimization. These capabilities are enabled by the acquisition of Inventoro.
Interesting Articles
The Navy Comptroller announced that by 2026, the Navy's Enterprise Resource Planning (ERP) system will finally enable a clean audit and unlock advanced data analytics. This system will centralize financial data, improving accuracy and consistency. Government ERP is one of the biggest software markets - and it’s still facing issues today.
Industry Movement
Opkey, an AI-powered platform specializing in ERP (Enterprise Resource Planning) testing, has successfully raised $47 million in Series B funding. The company plans to use this investment to accelerate its product development and expand its global presence in the rapidly growing ERP testing market.
German regulators have approved SAP's acquisition of WalkMe, an Israeli digital adoption company, for approximately $1.5 billion. The approval was granted as the regulator found no significant competition concerns, and SAP expects to finalize the deal by the third quarter of 2024
Thought Pieces
While I believe the argument for the decline of traditional Enterprise Resource Planning (ERP) systems is overblown, there is an important discussion around ensuring institutions maintain relevance by focusing on modern software.
If you have any comments or feedback, just respond to this email! Thanks for reading,
-Alex