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By Mike Cockfield, Founder & Managing Director of Khaos Control Solutions In the battle to stay competitive and ahead of the curve, many small business leaders are turning to mobile strategies that aim to revolutionize their operational processes. From financing to order processing and stock control, the ability to have a handle on these facets on the go, is seen as integral to meeting growing consumer demands. Couple this with a decline in traditional office spaces and many employees now working remotely, the important issue of access to vital business data, becomes increasingly more prominent. With this in mind, an increasing number of independent SME leaders are looking to utilise ERP (Enterprise Resource Planning) software, which puts the inventory and power of a desktop PC into one handy, centralised system. Turning to truly mobile ERP solutions can have many cost saving benefits, critical for those smaller businesses that may already have low margins. More crucially however, it is about SMEs being able to truly drive forward their business on the go. Take, for example, procurement. Keeping up with demand while making the right calls on a new product is a complex balancing act, often requiring access to key metrics to decide when and what is the best product to invest in. With cloud ERP software, this information is available at the touch of a button, with business leaders able to drill into margins, costs, profitability and much more without ever having to open the office door. What about customer service? Making a customer wait a day for a response to an order enquiry can be the difference between a sale made or lost, and more crucially, threaten profits. Having constant access to lines of communication with your customers can help build brand loyalty and trust, making them more likely to return to your company the next time an order decision is to be made. Consumer loyalty shouldn’t be scoffed at either – the cost of acquiring a new customer is thought to be seven times that of holding on to an existing one. Vital consumer insights can also be used to create a truly integrated mobile CRM strategy, with every customer interaction recorded and stored instantly at the touch of a button. This can help an entire team ensure customer enquiries are handled as efficiently as possible moving forward, with previous lines of communication able to be drawn upon should they prove useful in the next line of enquiry. While not every business can afford to spend vast sums of money on a mobile salesforce, they can invest in ERP software. Placing real-time data in business owner’s hands, SME’s are able to make critical operational decisions at the click of a button, affording them the chance to build a safe and profitable future. The post MEETING MOBILE DEMAND WITH ERP SOFTWARE appeared first on Statii News. from http://news.statii.co.uk/meeting-mobile-demand-with-erp-software/ British ERP company Sage announces the acquisition of Intacct, a leading cloud-based financial software company The Sage Group announces that it has agreed to acquire Intacct Corporation, a leading provider of cloud Financial Management Solutions in North America. The total consideration is $850m to be paid in cash and rolled over Sage options. Intacct is headquartered in San Jose, California, and serves thousands of businesses in the North American scale-up and enterprise markets, both directly and through a network of partners. Intacct provides sophisticated and powerful cloud Financial Management Solutions targeted at growing businesses looking for rich financial and operational insight, process automation, seamless integration with their existing software, advanced features and a modern user experience. The company has a three-year revenue CAGR in excess of 33%, with current annualised recurring revenues of $96m and revenues in the twelve months to June 2017 of $88m, over 90% of which is subscription based. Intacct was recently named a Visionary by Gartner in its inaugural Magic Quadrant for Cloud Financial Management Suites for Mid-Size, Large and Global Enterprises (June 2017). Intacct’s CEO, Robert Reid, leads an experienced management team with a demonstrated track record of scaling at pace, who will remain to run the business, thereby ensuring continuity for customers, partners and employees. Sage management reconfirms current guidance as detailed in Sage’s Q3 trading update for the full year of at least 6% organic revenue growth including the contribution from North American Payments through to completion of the disposal and an underlying operating margin of at least 27%. For the avoidance of doubt the underlying operating margin guidance includes any investments in Sage Intacct, Sage People and Compass. The transaction is expected to complete within weeks, subject to customary completion conditions. Strategic RationaleThe acquisition demonstrates Sage’s strong affirmation to winning in the cloud, winning in the US and accelerates the strategy underpinned by Sage’s five strategic pillars. As customer demand moves to the cloud and away from traditional monolithic ERP suites, the acquisition strengthens Sage’s position as providing the first and last cloud Financial Management Solution a customer will ever need from start-up to global enterprise, whilst integrating seamlessly with their other enterprise applications. Sage partners will now be able to grow their own businesses fully in the cloud with Sage. In the short term it provides Sage further platform for growth, with medium term aspirations for geographical expansion. Finally, the combination of Sage and Intacct’s existing product portfolio, brand, resources and partners, will put Sage in prime position to establish itself as the leading provider of cloud Financial Management Solutions in North America in our chosen segments. Commenting on the acquisition, Stephen Kelly, CEO of Sage, said “Today we take another major step forward in delivering our strategy and we are thrilled to welcome Intacct into the Sage family. The acquisition of Intacct supports our ambitions for accelerating growth by winning new customers at scale and builds on our other cloud-first acquisitions, strengthening the Sage Business Cloud. Intacct opens up huge opportunities in the North American market, representing over half of our total addressable market.” Robert Reid, CEO of Intacct, added: “We are excited to become part of Sage because we are relentlessly focussed on the same goal – to deliver the most innovative cloud solutions for our customers. Intacct is growing rapidly in our market and we are proud to be a recognised customer satisfaction leader across Midsize, Large and Global Enterprise businesses. By combining our strengths with those of Sage, we can jointly accelerate success for our customers.” The post Sage acquires Intacct for $850 million appeared first on Statii News. from http://news.statii.co.uk/sage-acquires-intacct-for-850-million/
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Privacy & Cookies Policy The post SAP User Group’s new chairman focuses on Brexit and cloud appeared first on Statii News. from http://news.statii.co.uk/sap-user-groups-new-chairman-focuses-on-brexit-and-cloud/ British ERP company Sage announces the acquisition of Intacct, a leading cloud-based financial software company The Sage Group announces that it has agreed to acquire Intacct Corporation, a leading provider of cloud Financial Management Solutions in North America. The total consideration is $850m to be paid in cash and rolled over Sage options. Intacct is headquartered in San Jose, California, and serves thousands of businesses in the North American scale-up and enterprise markets, both directly and through a network of partners. Intacct provides sophisticated and powerful cloud Financial Management Solutions targeted at growing businesses looking for rich financial and operational insight, process automation, seamless integration with their existing software, advanced features and a modern user experience. The company has a three-year revenue CAGR in excess of 33%, with current annualised recurring revenues of $96m and revenues in the twelve months to June 2017 of $88m, over 90% of which is subscription based. Intacct was recently named a Visionary by Gartner in its inaugural Magic Quadrant for Cloud Financial Management Suites for Mid-Size, Large and Global Enterprises (June 2017). Intacct’s CEO, Robert Reid, leads an experienced management team with a demonstrated track record of scaling at pace, who will remain to run the business, thereby ensuring continuity for customers, partners and employees. Sage management reconfirms current guidance as detailed in Sage’s Q3 trading update for the full year of at least 6% organic revenue growth including the contribution from North American Payments through to completion of the disposal and an underlying operating margin of at least 27%. For the avoidance of doubt the underlying operating margin guidance includes any investments in Sage Intacct, Sage People and Compass. The transaction is expected to complete within weeks, subject to customary completion conditions. Strategic RationaleThe acquisition demonstrates Sage’s strong affirmation to winning in the cloud, winning in the US and accelerates the strategy underpinned by Sage’s five strategic pillars. As customer demand moves to the cloud and away from traditional monolithic ERP suites, the acquisition strengthens Sage’s position as providing the first and last cloud Financial Management Solution a customer will ever need from start-up to global enterprise, whilst integrating seamlessly with their other enterprise applications. Sage partners will now be able to grow their own businesses fully in the cloud with Sage. In the short term it provides Sage further platform for growth, with medium term aspirations for geographical expansion. Finally, the combination of Sage and Intacct’s existing product portfolio, brand, resources and partners, will put Sage in prime position to establish itself as the leading provider of cloud Financial Management Solutions in North America in our chosen segments. Commenting on the acquisition, Stephen Kelly, CEO of Sage, said “Today we take another major step forward in delivering our strategy and we are thrilled to welcome Intacct into the Sage family. The acquisition of Intacct supports our ambitions for accelerating growth by winning new customers at scale and builds on our other cloud-first acquisitions, strengthening the Sage Business Cloud. Intacct opens up huge opportunities in the North American market, representing over half of our total addressable market.” Robert Reid, CEO of Intacct, added: “We are excited to become part of Sage because we are relentlessly focussed on the same goal – to deliver the most innovative cloud solutions for our customers. Intacct is growing rapidly in our market and we are proud to be a recognised customer satisfaction leader across Midsize, Large and Global Enterprise businesses. By combining our strengths with those of Sage, we can jointly accelerate success for our customers.” The post Sage Acquires Intacct For appeared first on Statii News. from http://news.statii.co.uk/sage-acquires-intacct-for/
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