Tradeshift, MetaProcure Partner to Bring Managed Procurement Services to the Masses
On March 8, Tradeshift, the California-based provider of supplier collaboration networks, announced that is has partnered with Georgia-based MetaProcure, a provider of cloud-based procurement and sourcing solutions for indirect spend management, to offer enterprises an array of managed procurement services under Tradeshift’s platform. Under the partnership, MetaProcure will resell its services, such as spend analytics, sourcing, contract management, and supplier management, within the Tradeshift platform under a consumption-based, pay-as-you-go model. The partnership ought to free client procurement teams from tactical, process-driven work of purchasing and managing suppliers, and allow them to take up strategic analysis and planning and drive greater value, faster.
OpenText Extends EIM Reseller Agreement with SAP
On March 3, OpenText (NASDAQ: OTEX), an Enterprise Information Management (EIM) solution provider based in Ontario, Canada, announced that it has extended its partnership with SAP (NYSE: SAP) wherein SAP resells OpenText’s EIM solution via the SAP Hybris Digital Documents application. OpenText’s EIM solution digitizes documents and information, centralizes previously siloed information found in disparate systems (BI, CRM, ERP), and makes it easily shareable across the enterprise. Its integration with SAP Hybris Digital Documents enables SAP to go to market with a solution that complements its other Hybris offerings, like SAP Hybris Billing, SAP Hybris Commerce, SAP CRM, and SAP CPQ, creating the potential for omni-channel digital document collection, dissemination, and collaboration.
Apttus Updates its Configure Price Quote Solution
On March 8, Apttus, the California-based provider of quote-to-cash, contract, and supplier management solutions, announced a set of updates to its Configure Price Quote (CPQ) solution. The new solution features unlimited attribute-based configuration, allowing users to input an unlimited number of product attributes into the system. It also features “engineer-to-order,” which allows users to use numeric expressions and computer-assisted design to design custom products. Apttus CPQ now features a configuration lifecycle management tool that enables users to track products according to start and end dates. It also comes with a cost and profitability management tool, illustrating qualitative and quantitative measures of product performance. And it can now be integrated with an ERP system, allowing for back-end and front-end connection.
Expensify and Uber Partner on Business Travel and Expense Management Tool
On March 3, Expensify, a San Francisco-based provider of business travel and expense (T&E) management solutions, announced that it has partnered with Uber, the San Francisco-based ride-sharing company that has taken the transportation industry by storm, to develop an “Auto-Expense” tool that seeks to simplify the business traveler’s end-to-end experience. The web- and mobile app-based tool allows Expensify users to automatically charge business-related Uber rides to their Expensify account, and tracks these rides and expenses separately from personal rides. The partnership seeks to simplify the T&E management process at both the front end and back end of the experience, and hopefully lead to greater segmentation of expenses, compliance to T&E policies, and convenience to travelers and approvers, alike.
Infor Releases Third Quarter 2016 Financial Results
On March 08, Infor, the New York City-based provider of enterprise resource planning (ERP) and supply chain management solutions for the cloud, announced financial results for the third quarter of fiscal year 2016, which ended on January 31 of 2016. Infor’s CEO, Charles Phillips, attributes Infor’s third-quarter performance, which he characterized as “strong,” to a number of factors, including “investments in product, brand building, consulting services enablement, and salesforce coverage.” Highlights from the company’s announcement include:
- a 2% increase of total revenues over Q3 2015
- a 23% increase in software license fees and subscription fees over Q3 2015
- a growth of more than 600 clients for Infor Consulting Services over Q2 2016
Coming off of its acquisition of GT Nexus in September 2015, Infor also invested $25 million in retail analytics provider Predictix in the third quarter. As part of the deal, Infor will become a reseller of Predictix, will deploy its solution within Infor’s cloud platform, and will integrate it with Infor CloudSuite Retail.