Deltek unveiled Dela, its AI-powered, intelligent business companion. QAD released the latest enhancements to its comprehensive suite of Adaptive Applications. ECI announced that its job shop product, JobBOSS2, has now integrated uniPoint to deliver advanced quality management and enhanced customer service. Microsoft announced new Microsoft Dynamics 365 and Microsoft Copilot innovations for supply chain, sales, and service in the 2024 release wave 1. OneStream Software announced its Annual Recurring Revenue (ARR) is over $450 million, up 34% year-over-year, as of the first quarter ended March 31, 2024.
Hi and welcome to episode 134 of The ERP Minute. I’m your host, Rebekah McCabe.
Many product enhancements and vendor announcements came this week, starting with Deltek’s unveiling of Dela, its AI-powered, intelligent business companion. Dela is a suite of AI-powered technologies built into Deltek’s portfolio of solutions delivering capabilities to generate smart content, embed predictive elements into everyday processes, and utilize intelligent exploration using natural language interactions. Deltek is following the ever-expanding AI assistant trend, delivering greater value to the markets it serves to maximize productivity.
In related product enhancement news, QAD released the latest enhancements to its comprehensive suite of Adaptive Applications. Major enhancements include Packaged Shop Floor Solutions to provide a specialized and optimized shop floor experience to customers, QAD Process Intelligence leveraging AI to analyze existing processes and identify areas for enhancement, a preview of the upcoming QAD Integration Platform, improvements to QAD EQMS, and much more. While QAD’s release delivers universal AI and other enhancements, it also provides an industry-specific focus for specialized processes, following the market focus on micro-vertical solutions.
Following the industry trend, ECI announced that its job shop product, JobBOSS2, now integrated uniPoint to deliver advanced quality management and enhanced customer service. The new solution, called JobBOSS2 Advanced Quality, now offers a complete ISO compliance solution bridging a multitude of quality standards with 23 quality management modules, over 100 quality reports, 800 quality metrics, 80 trend analysis graphs, and a built-in quality workflow system. With even deeper industry functionality, ECI customers can do more to ensure the quality of their products throughout all tasks while automating traditionally manual processes.
Microsoft joined in on the product enhancement news, announcing new Microsoft Dynamics 365 and Microsoft Copilot innovations for supply chain, sales, and service in the 2024 release wave 1, launching between April and September 2024. Innovations include new AI demand planning capabilities in Microsoft Dynamics 365 Supply Chain Management Premium, new AI-powered insights and actionable recommendations to improve operational processes, and updates to Microsoft Copilot for Sales and Microsoft Copilot for Service extending role-specific insights and actions. These enhancements will help streamline processes and empower users to utilize data to make informed business decisions.
Finally, OneStream Software announced its Annual Recurring Revenue (ARR) is over $450 million, up 34% year-over-year, as of the first quarter ended March 31, 2024. During this period, OneStream grew its customer base to over 1,400 customers globally, a 20% increase year-over-year. This further demonstrates the desire in the market for a core enterprise finance platform to manage requirements across financial close, consolidation, reporting, planning, and forecasting. Businesses want to speed up financial processes without sacrificing quality and software vendors are continuing to work to deliver on these needs.
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