October 30th, 2024

Author

Alex Lazich
October 30, 2024

Alex’s Note

Hope everyone has a great halloween tomorrow! If anyone is around for Disrupt in SF this week and wants to meet up let me know. The events this year have been a lot of fun.

Onto the ERP news.

Epicor has acquired Acadia, a connected worker platform, to enhance its capabilities in helping frontline workers access real-time insights, streamline processes, and increase productivity across industries. The integration aims to empower Epicor’s clients by providing tools for skills development and process improvements to boost operational efficiency.

Finix, a full-stack payments processor, has raised $75 million in Series C funding led by Acrew Capital, with participation from Leap Global, Lightspeed Venture Partners, and other investors. This funding will support Finix’s expansion into new markets and continued development of no-code and low-code payment solutions, which allow businesses to implement configurable payment systems with minimal technical expertise.

The Delaware Supreme Court appears unlikely to overturn a previous ruling affirming Oracle's $9.3 billion acquisition of NetSuite in 2016, which was upheld as being handled by an independent special committee. The court found no substantial grounds for the pension fund’s challenge, which argued Oracle founder Larry Ellison unduly influenced the deal​.

Industry Movement

Zoho is partnering with NVIDIA to develop large language models (LLMs) tailored for business applications using NVIDIA’s AI tech, including NeMo and TensorRT-LLM, to enhance Zoho's SaaS platforms. Zoho plans to invest $10 million in 2025 to further its AI capabilities, making these advanced LLMs accessible for various business use cases.

ServiceNow and Rimini Street have partnered to offer a new ERP solution that reduces costs and improves efficiency by supporting existing ERP systems without requiring costly upgrades or migrations. This model leverages ServiceNow's AI-driven platform for enhanced productivity, while Rimini Street’s support extends ERP lifespan, helping companies shift resources from maintenance to innovation-focused initiatives

Thought Pieces

Zoho and Fawry have partnered to support the digital transformation of 70,000 Egyptian businesses by providing $35 million in credits for digital tools and services. This initiative aims to empower small and medium enterprises in Egypt by integrating Fawry’s digital payment solutions with Zoho’s suite of applications.

A concise list of 10 popular WMS systems with helpful descriptions of each. A few interesting players that are less common make an appearance.

A recent study highlights that ERP system downtime costs UK mid-market manufacturers over £41,000 daily, leading 72% of businesses to consider cloud-based or hybrid ERP solutions for improved resilience. A fluff piece - but does have several handy pieces of data around the difficulties of ERP in manufacturing.

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-Alex