SAP and Francisco Partners (FP) announced that FP has signed a definitive agreement with SAP America Inc. under which Francisco Partners will acquire SAP Litmos from SAP. OneStream ranked among the fastest-growing companies in the 2022 Inc. 5000 list from Inc. Magazine. This is the 7th consecutive year the company has been recognized on the list, which represents the most successful private companies with a proven track record of growth. UKG delivered strong financial results for the third quarter of Fiscal 2022, ending June 30, 2022. Total revenue was $925 million, with subscription revenues excluding float growing 15% year-over-year. In addition, more than 70% of new customers selected the UKG full suite of HR, payroll, and workforce management solutions. Highlights of the quarter include recognition by Google Cloud for driving diversity and inclusion in the field of DevOps, collaboration with Uber to help organizations deliver rewards and incentives to people, and a multi-year partnership with the National Women’s Soccer League, while also maintaining a high number of customer acquisitions. Salesforce released Salesforce Easy, a new simplified experience for businesses of all sizes, built for flexibility and business growth. Salesforce Easy provides self-service purchasing options and a three-click setup, making it easier and less costly for users to grow with Salesforce as business needs evolve. FinancialForce announced the general availability of its Summer 2022 Release. The new release introduces FinancialForce’s Services-as-a-Business (SaaB) approach with improved resource management, significant enhancements to out-of-the-box analytics capabilities utilizing CRM Analytics by Salesforce, integrated Financial Planning & Analysis solutions, end-to-end intelligent bank reconciliation capabilities, and improved user experience.
Hi and welcome to episode 52 of The ERP Minute. I am your host, Rebekah McCabe.
Last week, SAP and Francisco Partners (FP) announced that FP has signed a definitive agreement with SAP America Inc. under which Francisco Partners will acquire SAP Litmos from SAP.
Just as much as acquisitions are vital to ERP company strategy, divestitures can help ensure that resources are focused on the right areas and that customers’ needs can still be met by the general solutions they offer.
OneStream ranked among the fastest-growing companies in the 2022 Inc. 5000 list from Inc. Magazine. This is the 7th consecutive year the company has been recognized on the list, which represents the most successful private companies with a proven track record of growth.
This is another clear indicator of OneStream’s excellent growth and that the demand in the market for corporate performance management solutions continues to increase.
In other news, UKG delivered strong financial results for the third quarter of Fiscal 2022, ending June 30, 2022. Total revenue was $925 million, with subscription revenues excluding float growing 15% year-over-year. In addition, more than 70% of new customers selected the UKG full suite of HR, payroll, and workforce management solutions. Highlights of the quarter include recognition by Google Cloud for driving diversity and inclusion in the field of DevOps, collaboration with Uber to help organizations deliver rewards and incentives to people, and a multi-year partnership with the National Women’s Soccer League, while also maintaining a high number of customer acquisitions. UKG continues to experience significant growth and will likely continue to expand its hold in the ERP space.
Recently, Salesforce released Salesforce Easy, a new simplified experience for businesses of all sizes, built for flexibility and business growth. Salesforce Easy provides self-service purchasing options and a three-click setup, making it easier and less costly for users to grow with Salesforce as business needs evolve.
Salesforce is the industry giant in CRM, so any innovation and improvements they can make for the customer journey are going to help a lot of people while helping Salesforce continue to be the industry giant.
Finally, FinancialForce announced the general availability of its Summer 2022 Release. The new release introduces FinancialForce’s Services-as-a-Business (SaaB) approach with improved resource management, significant enhancements to out-of-the-box analytics capabilities utilizing CRM Analytics by Salesforce, integrated Financial Planning & Analysis solutions, end-to-end intelligent bank reconciliation capabilities, and improved user experience.
These enhancements continue to make FinancialForce a formidable competitor in the financials ERP space.
Thanks for tuning into The ERP Minute. We are always looking for newsworthy material to share with our listeners, so send us breaking ERP news! Be sure to subscribe to our Apple Podcast, Spotify, and YouTube channels so you never miss an episode. We’ll see you next week.
