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- October 9th, 2024
October 9th, 2024
Alex Lazich
October 09, 2024
Alex’s Note
Hope everyone is having a great SF tech week! I had a great time at several events this week, I’ll be attending Gold House Venture’s event today - let me know if you’ll be there would love to say hi.
Onto the ERP news.
Headlines & Trends
AP has announced a S$12 million investment in its Digital Innovation Accelerator in Singapore, aimed at boosting the adoption of business AI. This investment will focus on industry-specific AI applications in sectors like manufacturing, financial services, and logistics, while also supporting sustainability initiatives and fostering collaboration with Singaporean enterprises to drive digital transformation.
Fluff piece - but provides a broad overview of the AI features Acumatica has targeted in their ERP platform. With over 350 enhancements, focusing on improving user experience and automation, these updates leverage AI-driven tools to optimize core processes and deliver tailored insights, helping businesses increase efficiency and productivity.
Industry Movement
Sage has acquired Anvyl, a New York-based technology firm, to enhance its supply chain software capabilities. This acquisition aims to provide small and medium-sized businesses with better operational efficiency and greater visibility across their supply chains.
SAP recently enhanced its SAP Build platform (low code development) by integrating generative AI capabilities, particularly leveraging ABAP (Advanced Business Application Programming), to further streamline application development. These updates include AI-powered tools like code completion, automated workflows, and business object generation, allowing developers to create, extend, and automate SAP applications with greater ease and efficiency.
Thought Pieces
From PWC - an interesting solution to the problem that ERPs take too long to deliver value. PWC argues that investing in an Enterprise Performance Management (EPM) platform can enhance digital finance transformation by improving forecasting, scenario modeling, and decision-making processes.
Patrick Collison, co-founder of Stripe, emphasizes the transformative potential of payments in boosting global economic activity, particularly aiming to grow the "GDP of the internet." Stripe, valued at $70 billion, processes vast sums globally, and Collison sees fostering entrepreneurship and cross-border commerce as key to further expanding digital economies
If you have any comments or feedback, just respond to this email! Thanks for reading,
-Alex