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- July 3, 2024
July 3, 2024
Alex Lazich
July 03, 2024
Alex’s Note
Congrats to India for winning the Cricket World Cup!
My company Thruline will be releasing our self serve ERP next week, if you’re interested you can sign up for early access on our website. Hope everyone has a wonderful July 4th!
Headlines & Trends
Sage has announced the launch of Sage for Specialty Contractors, an end-to-end native-cloud construction suite built to handle the complexities that specialty contractors face. Targeting small and mid-sized businesses (SMBs) in the construction industry, Sage for Specialty Contractors aims to enable them to manage their businesses from pre construction to closeout.
SAP has announced its Open Source Manifesto, reinforcing its commitment to open source principles and community collaboration. The manifesto highlights SAP’s contributions to pivotal open source projects and initiatives, aiming to accelerate innovation and support digital sovereignty in cloud infrastructure. SAP's involvement in projects like OpenUI5 and the Open Reference Architecture project underscores its dedication to transparency, security, and collective technological advancement.
Cool Articles
The Complaint, filed by Realscape Group LLC d/b/a Realogic Solutions against Oracle America, Inc., alleges that Oracle defrauded small to medium-sized businesses by selling them NetSuite software under false pretenses. Oracle purportedly marketed the software as an "off the shelf" solution requiring minimal implementation, but in reality, the software was not functional without extensive customization. Welcome to the world of ERP - where all ERP functions this way (except for Thruline :)
A little light on details - but a brief overview of M&M’s (Mars) approach to multi channel marketing and how they leveraged their ERP to follow their composable marketing approach. I’ll be looking for a more in depth case study, since this article doesn’t go into great detail.
Industry Movement
Clearlake Capital Group has made an investment in Aptean, a provider of industry-specific ERP and supply chain software. This investment aims to support Aptean’s growth and enhance its capabilities in delivering software solutions to its global customer base. Aptean has over 10,000 customers globally.
Workday got a 16.5 million dollar contract to be the ERP for the Peace Corp. Interesting highlight for how the government uses ERPs. The Workday projects are part of a government-wide trend away from legacy ERP systems and toward more modern and agile solutions, Groundswell officials said in a statement.
Thought Pieces
A little lengthy, but an interesting example of how ERP is the source of truth for all of a company’s operations. It highlights the importance of integrating FinOps into ERP systems to improve spend management and procurement, while addressing challenges such as regulatory compliance and the hidden costs of cloud services.
An overview of the impending forced migration of SAP instances. While the contents of the article are specific to SAP, it’s an interesting insight into how the current ERP market works, and some of its major shortcomings. This article: Over 50% of SAP customers forecasted to run out of mainstream maintenance highlights the same issue.
If you have any comments or feedback, just respond to this email! Thanks for reading,
-Alex