The ERP Minute Episode 58 - October 4, 2022

10/04/22 • 3 min

NetSuite wasted no time making significant product announcements at its annual SuiteWorld conference. First, Oracle NetSuite unveiled NetSuite AP Automation which embeds banking services into a cloud ERP system to help organizations improve profitability by making it easier and faster to process bills and pay vendors all from within NetSuite. NetSuite went on to announce NetSuite CPQ to enable sales teams to quickly configure, price, and quote complex products with complete accuracy and reliability, directly in NetSuite. Next, NetSuite demonstrated its commitment to improving warehouse operations with the release of NetSuite Ship Central, a mobile application that helps organizations optimize operations, eliminate manual processes, and accelerate customer deliveries, while equipping warehouse workers with packing and shipping capabilities on a mobile or kiosk device. Finally, NetSuite announced updates to NetSuite Analytics Warehouse, simplifying data management, accelerating time to insights, and providing access to more pre-built third-party data integrations and industry-specific content. Gartner released its Magic Quadrant for Cloud ERP for Product-Centric Enterprises. Within the leader quadrant, Oracle Fusion Cloud ERP, Workday, SAP S/4HANA, and Oracle NetSuite have secured their positions. Microsoft Dynamics 365 and Infor settled into the visionaries quadrant, and finally, the niche players quadrant is concentrated with SAP Business ByDesign, Sage Intacct, Microsoft Dynamics 365 Business Central, and FinancialForce. UKG announced the company has been named the overall Winner in its category for the AnitaB.org 2022 Top Companies for Women Technologists, landing the highest overall score of any company with 1,000-10,000 technical employees. In a separate honor, UKG also earned a “Social Impact” award from Ragan for its UKG Close the Gap Initiative, aimed at reaching pay equity in the workplace, with UKG pledging to continue to invest in education, training, and the technology and tools needed to ensure equity of pay, both internally for UKG and its customers.
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Previous Episode

The ERP Minute Episode 57 - September 27, 2022

This week at Dreamforce, Salesforce’s user conference, Salesforce introduced Genie, a hyper-scale real-time data platform that powers the entire Salesforce Customer 360. Genie unifies all of a company’s customer data across channels and interactions into a single, real-time customer profile, so every experience across the Customer 360 is more automated, intelligent, and real-time. Microsoft made a few announcements this week, beginning with its board of directors declaring a quarterly dividend of $0.68 per share, reflecting a 10% increase over the previous quarter’s dividend. Microsoft then released a Work Trend Index Pulse report, “Hybrid Work is Just Work. Are We Doing in Wrong?” coinciding with the announcement of new capabilities in Microsoft Viva, its employee experience platform, designed to help empower and energize employees in a time of economic uncertainty. Microsoft Viva expanded its offerings to include confidential feedback capabilities, the centralization of communications, the utilization of AI to assist users, richer integration with Microsoft Teams, and more. The final announcement from Microsoft this week was the planned launch of Global Renewables Watch (GRW) in partnership with Planet Labs PBC and The Nature Conservancy. GRW will be a first-of-its-kind living atlas intended to map and measure all utility-scale solar and wind installations on Earth using AI and satellite imagery, allowing users to evaluate clean energy transition progress and track trends over time. A recent Gartner survey found that security and risk management, application and integration strategies, and infrastructure and operations are the top three technology priorities for midsize enterprises (MSEs) in 2022. As we prepare for Cybersecurity Awareness month and see an ever-increasing number of cybersecurity risks in the ERP space, EAG will be discussing the frightening topic of Ransomware, with special guest James McQuiggan of KnowBe4.
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Next Episode

Should I Stay or Should I Go: Knowing When to Move On From Your Legacy ERP - Podcast Episode 74

As ERP technology continues its rapid advancement, businesses running on legacy ERP systems find themselves overwhelmed by the lingering need to address the elephant in the room: is it time for an upgrade? The conversation can be daunting with concerns surrounding potential workforce response to the disruption and fear that a change would render the current system’s specialized functionality useless. But in the digital age, companies not rising to the occasion risk becoming obsolete as a result of being unable to retain or attract top talent. In this episode of The ERP Advisor, we will confront the benefits and pitfalls of replacing legacy ERP systems.
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The ERP Advisor - The ERP Minute Episode 58 - October 4, 2022

Transcript

Hi and welcome to episode 58 of The ERP Minute. I am your host, Rebekah McCabe.
This week, NetSuite wasted no time making significant product announcements at its annual SuiteWorld conference. First, Oracle NetSuite unveiled NetSuite AP Automation which embeds banking services into a cloud ERP system to help organizations improve profitability by making it easier and faster to process bills and pay vendors all from within NetSuite. NetSuite went on to announce NetSuite CPQ to enable sales