September 4th, 2024

Alex’s Note

Hope everyone had a great Labor Day! I attended an awesome hike with the Bay Area Biotech Hiking Group over the weekend. Highly recommend coming to the next one in October.

Onto the ERP news.

Sage has launched their Intaact product line in the UK. This platform aims to streamline operations by integrating accounting, payroll, and payment processing in a single, user-friendly system.

Zoho has launched Zoho Payments, a unified B2B payment solution designed to streamline bill payments and invoice management for businesses. Integrated with the Bharat Bill Payment System, Zoho Payments supports multiple payment methods and is deeply integrated with Zoho's finance apps, enhancing financial management for businesses.

Industry Movement

David Singleton, CTO of Stripe, announced he will step down in October 2024 to start his own company after seven years with the firm. He will be succeeded by Rahul Patil, Stripe’s Deputy CTO, as Singleton focuses on his new entrepreneurial venture.

SAP's CTO is stepping down following allegations of inappropriate behavior at his previous company.

Thought Pieces

An interesting take on the new generation of startups in the hardware space (i.e. Space X) and how they’re winning by employing the 19th century Robber Baron playbook.

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-Alex