Starting the week with a bang, Sage announced new innovative AI-driven tools and automation features for Sage Intacct. In financial news, OneStream and Blackbaud announced full-year financial results. Workday announced the Workday Agent System of Record to help organizations manage their entire fleet of AI agents – from Workday and third parties alike – in one place. Finally, IFS announced a strategic partnership with Saudi Business Machines (SBM), a provider of end-to-end enterprise information technology solutions in Saudi Arabia.
Starting the week with a bang, Sage announced new innovative AI-driven tools and automation features for Sage Intacct. In financial news, OneStream and Blackbaud announced full-year financial results. Workday announced the Workday Agent System of Record to help organizations manage their entire fleet of AI agents – from Workday and third parties alike – in one place. Finally, IFS announced a strategic partnership with Saudi Business Machines (SBM), a provider of end-to-end enterprise information technology solutions in Saudi Arabia.
Hi and welcome to episode 174 of The ERP Minute. I’m your host, Rebekah McCabe.
Starting the week with a bang, Sage announced new innovative AI-driven tools and automation features for Sage Intacct. Sage Intacct Release 1 2025 enhancements include Sage Copilot Search Help, Variance Analysis, and Close Assistant, AP Automation with Purchasing, Clinical eProcurement, and Revenue Management Enhancements. We continue to see Sage pour investments into Sage Intacct and this release further supports a strategy with Sage Intacct at the center.
In financial news, OneStream and Blackbaud announced full-year financial results.
OneStream announced financial results for its fourth quarter and fiscal year ended December 31, 2024. In the fourth quarter of 2024, Total Revenue was $132.5 million, an increase of 29% year-over-year. Subscription Revenue was also up 35% year-over-year to $118.6 million. For the fiscal year 2024, Total Revenue was up 31% year-over-year to $489.4 million, supported by an increase to Subscription Revenue of 41% year-over-year to $428.2 million.
Blackbaud also announced its financial results for its fourth quarter ended December 31, 2024. GAAP total revenue was $302.2 million, up 2.4% and non-GAAP organic revenue increased 3.2%. GAAP recurring revenue was $296.2 million, up 3.1% and represented 98% of total revenue.
These results support the growing need for specialized solutions as businesses continue to invest in expanding their technology stacks to meet increasing demands.
In other news, Workday announced the Workday Agent System of Record to help organizations manage their entire fleet of AI agents – from Workday and third parties alike – in one place. Key benefits of the Agent System of Record include Centralized Management, Streamlined Agent Onboarding, Managing and Optimizing Costs, Support Secure and Compliant Deployment, and Real-Time Operational Visibility. AI strategies are becoming increasingly important, so Workday’s commitment to further developing their platform for an AI agent strategy will help customers adopt the technology significantly faster. This is of major benefit to businesses in an increasingly competitive landscape.
Finally, IFS announced a strategic partnership with Saudi Business Machines (SBM), a provider of end-to-end enterprise information technology solutions in Saudi Arabia. Through this partnership, IFS and SBM will deliver cutting edge solutions in Saudi while enabling business growth and creating career opportunities.
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