June 12, 2024

Author

Alex Lazich
June 12, 2024

Alex’s Note

Very cool to see two rocket launches over the past week or so - congrats to Boeing and SpaceX! Space is cool. We had a great time at the Schematic and Rippling events in SF this past week.If anyone is looking for a cool space read check out When the Heavens Went on Sale. We’ll also be cheering on Team USA vs India this morning in the cricket world cup.

Thanks again for your continued readership!

At the Sapphire 2024 event, SAP announced significant advancements in its AI-powered enterprise solutions, highlighting the integration of generative AI into its business applications. SAP's new AI assistant, Joule, will be embedded across various SAP applications to enhance user experience by providing intelligent, context-aware responses and recommendations based on business data.

Gartner gives a broad overview of some of the ERP trends and processes they’ve been seeing. A broad article with a few helpful graphs.

Cool Articles

SpaceX is significantly expanding its Starbase facility with the addition of the $100 million Starfactory, aimed at producing one Starship per day. This new factory will add 100,000 square feet to the production floor, enhancing SpaceX's capacity to build the more advanced Starship Version 2.

This article provides various tips and insights on using NetSuite effectively. It covers a range of topics, including optimizing saved searches, customizing dashboards, and automating business processes to enhance efficiency.

Industry Movement

SAP is acquiring Israeli SaaS company WalkMe for $1.5 billion, marking one of the highest-value deals in Israel this year. WalkMe, which provides a Digital Adoption Platform to guide users through online tasks, serves 2,000 companies including over 30% of the Fortune 500. This acquisition will integrate WalkMe's technology into SAP's operations in Israel, enhancing SAP's AI and digital transformation capabilities.

Thought Pieces

CFOs are expanding their roles beyond traditional financial duties to include payments modernization, fraud mitigation, and technology implementation. CFOs must integrate multiple point solutions and leverage digital tools to drive innovation and improve cash flow management, a shift from the previous decade where everything was in an ERP.

At SAP Sapphire, SAP highlighted customer success stories demonstrating transformative results through their technologies. Companies like PureTech Scientific, Tropicana Brands Group, Fresenius, and Hitachi High-Tech showcased how they leveraged SAP solutions for rapid implementation, scalability, and operational efficiency.

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-Alex