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- November 27th, 2024
November 27th, 2024
Alex Lazich
November 27, 2024
Alex’s Note
I hope everyone has a fantastic Thanksgiving! Don’t forget to shop black Friday deals.
Onto the ERP news.
Headlines & Trends
Odoo S.A., a leading provider of integrated business software, has secured a $526 million investment led by CapitalG and Sequoia Capital, elevating its valuation to €5 billion. The company, experiencing consistent 40% annual growth, serves over 13 million users and anticipates reaching €1 billion in billings by 2027.
Industry Movement
Distru, a leading cannabis ERP platform, has secured $6 million in Series A funding led by Poseidon Investment Management to enhance product innovation and expand into 11 additional states. The company currently serves operators across 25 states, processing over $2 billion in annual gross merchandise value
Stripe has introduced an Agent Toolkit that enables AI agents to autonomously manage online payments, including creating payment links, handling metered billing, and issuing virtual cards.
Sage Group’s strategic investment in artificial intelligence, particularly through its Sage Copilot assistant, has led to a 23% increase in cloud-native revenue, reaching £732 million (US$915 million).
Unanet has acquired GovPro AI, an AI-powered proposal writing platform, to enhance its ERP and CRM solutions for government contractors and the AEC industries.
Zoho has introduced Zoho One Essentials in Mexico, offering a suite of 12 applications tailored for micro and small businesses at a competitive price of $180 MXN (approximately US$8.80) per user per month.
Thought Pieces
Fusion Consulting has developed the Cold Chain Management Solution (CCMS) on SAP Business Technology Platform (SAP BTP) to enhance the monitoring and integrity of temperature-sensitive products in the life sciences industry. Interesting custom application built on SAP - Cold Chain management is a huge industry, interesting to see a consulting firm take on that problem.
Valvoline’s recent implementation of a new ERP system has revealed significant financial control weaknesses, including issues with account reconciliations and inventory management. Another public company whose ERP is causing business operation problems.
If you have any comments or feedback, just respond to this email! Thanks for reading,
-Alex