Aptean (or the “Company”), a global provider of industry-specific enterprise resource planning (“ERP”) and supply chain software, announced today that it has received an investment from Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) to support Aptean’s journey. Clearlake will join existing investors TA Associates (“TA”), Insight Partners (“Insight”), and Charlesbank Capital Partners (“Charlesbank”) as shareholders.

“Aptean is thrilled to welcome Clearlake as an investor as we continue addressing the needs of our customers with our cloud ERP and supply chain software,” said TVN Reddy, CEO of Aptean. “Clearlake’s investment underscores their confidence in our strategy and commitment to expansion. Partnering with Clearlake, alongside our existing investors, will enable us to continue delivering differentiated solutions to the market and accelerate our growth.”

Since its founding in 2012, Aptean has focused on providing industry-specific software to the process manufacturing, discrete manufacturing, and supply chain management verticals, serving over 10,000 customers globally across more than 80 countries. Over the past 18 months, Aptean has advanced its cloud-based solutions and penetrated its presence in Europe and other global regions.

Behdad Eghbali, Co-Founder and Managing Partner, and Prashant Mehrotra, Partner and Managing Director, at Clearlake, said, “We are excited to partner with Aptean’s management team and join TA, Insight, and Charlesbank as investors. We see an opportunity to build upon Aptean’s market position as a provider of manufacturing ERP and supply chain solutions. We look forward to leveraging our O.P.S.^® operational improvement approach to further support TVN and his team as they execute on product advancements, develop next-generation SaaS solutions, and pursue strategic acquisitions.”

Hythem El-Nazer, Managing Director, and Mike Libert, Managing Director, at TA, said, “We are proud to be long-term supporters of Aptean, having first invested in the Company in 2019 and then recommitting in 2023 to deepen our partnership. We remain excited about the Company’s growth trajectory, innovation in new applications, and opportunity for strategic acquisitions. We welcome Clearlake as a shareholder and look forward to working collaboratively with the goal of enhancing Aptean’s market position and realizing accelerated growth.”

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TrueCommerce, Inc., a global provider of supply chain and trading partner connectivity, integration and omnichannel solutions recently commissioned a survey of global supply chain leaders for its “Supply Chain Trends Report 2024—Inflation, Talent, and Tech: The Current State of Business and Supply Chain.” The research study uncovered that the same supply chain challenges remain year-to-year and that most supply chain leaders plan to adopt advanced technologies such as supply chain management (SCM) systems, electronic data interchange (EDI) tools, and cloud-based ERP solutions to overcome those obstacles.

In 2023, business leaders pinpointed three major challenges that impact the supply chain including cost control (37%), acquiring new customers (34%) and attracting and retaining talent (33%). In 2024, these same three challenges remain with cost control (35%) and retaining talent (35%) listed as the most important followed by acquiring new customers (30%). While respondents understand the big-picture challenges, the data also reveals they may not be connecting the dots on all the factors that impact them.

“There’s no doubt that businesses are trying to evolve,” says Ryan Tierney, vice president of product management at TrueCommerce. “As things change within the market, businesses are making advancements: They are trying to be faster, be more accurate, and improve their efficiencies. To do these things, they need to control costs, attract and retain talent and bring in new customers. Those are critical to operations and ongoing.”

The survey also identified other significant challenges impacting supply chain performance, including:

• Supply Chain Disruptions – Leaders are most concerned about three factors related to supply chain disruptions: price changes (45%), labor shortages (34%) and cyberthreats (31%).
• Order Management – The survey found 95% of companies face order-management challenges, a key to streamlining operations, boosting sales, and ensuring customer satisfaction. Some of the top challenges include inventory discrepancies (47%), returns/reverse logistics (46%) and volume fluctuations (39%).
• Security, Currency and QA – On top of the business and supply chain challenges already mentioned, 49% of company leaders managing supply chains are worried about cyber threats, 43% are concerned about currency fluctuations and exchange rates, and 35% experience quality control issues and language differences.
• Global Challenges – Government mandates add another layer of complexity to global supply chains. Leaders are dealing with mandates surrounding product/quality regulations (52%), tariffs and import/export restrictions (51%) and environmental regulations (42%).

The report further indicates that while there may be similarities in terms of business and supply chain challenges among the leaders surveyed, there remains a range of approaches when it comes to managing and improving these issues.

Technology a Top Priority
The survey revealed that over the past few years, nearly all business leaders have taken steps to improve inventory management and plan for supply chain disruption. At the top of the list of strategies was adopting new tech (73%), while over half (64%) plan to diversify suppliers and/or increase safety stock (57%). The research also uncovered that nearly 60% are investing in supply chain management (SCM) and electronic data interchange (EDI) tools to mitigate supply chain delays.

In 2024, 71% of business leaders anticipate spending more on supply chain software than they did in 2023, with a specific focus on investing in new ERPs, with 70% planning to invest this year. Those surveyed shared the reasons behind these investments, including improved reporting and analytics, uptime improvements and better integration capabilities.

“A large portion of this investment could be due to the acceleration toward the cloud—replacement of legacy on-premises ERP with cloud ERP,” added Tierney. “With the cloud, connecting and integrating your systems to bring visibility across different aspects of your supply chain is much easier. Every day, we see customers using legacy solutions decide to move to the cloud for efficiency. It’s a big investment, but they become more efficient. It also helps mitigate costs.”

Other Supply Chain Priorities for 2024
In 2023, business leader priorities were to achieve sales increases (39%), improve order-processing accuracy (33%) and improve resiliency (28%). In 2024, the biggest priority remains to increase sales (34%). However, when comparing these goals and challenges listed earlier, the two don’t align. For example, practices like improving workflow visibility, reducing time to market, boosting productivity, and automating processes, are steps that could improve cost control, but they are low on business leaders’ list of goals.

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Infor, the industry cloud company, today announced that it is the only vendor named as a Leader in all four of the following IDC MarketScape reports – IDC MarketScape: Asia/Pacific SaaS and Cloud-Enabled SMB/Midmarket Segment ERP 2024 Vendor Assessment¹; IDC MarketScape: Worldwide SaaS and Cloud-Enabled Small Business ERP Applications 2024 Vendor Assessment²; IDC MarketScape: Worldwide SaaS and Cloud-Enabled Large Enterprise ERP 2023–2024 Vendor Assessment³; and IDC MarketScape: Worldwide SaaS and Cloud-Enabled Medium-Sized Business ERP Applications 2024 Vendor Assessment⁴. The IDC MarketScape reports evaluate vendors based on a comprehensive and rigorous framework relative to the criteria and one another, and key strategy criteria included both qualitative and quantitative data resulting in a single graphical illustration of each vendor’s position within a given market.

“The digital world has reshaped businesses’ of all sizes focus on moving to the cloud to improve their speed, scale, agility, market share, and competitive advantage. This requires adapting new ERP technologies that enable speed and scale by reducing process steps and clicks, automating every workflow possible, embedding finance to collect and make payments, and helping improve overall decision velocity,” said Mickey North Rizza, group VP, IDC’s Enterprise Software. “The ability to improve the employees’ experience, uncover and utilize insights quickly, and navigate business issues with reliable, modern, and intelligent ERP systems is a foundational layer organizations need in the digital world.”

Infor cloud ERP solutions deliver industry-specific capabilities without extensive customizations or integrations by combining the Infor cloud platform built on infrastructure services from Amazon Web Services® (AWS®) and Infor OS. By migrating critical business applications to the cloud, organizations experience automatic upgrades that deliver the latest advances in enterprise functionality.

“We believe Infor’s four placements as a Leader in these four IDC MarketScape’s recognizes our ability to provide ERP CloudSuites that are optimized to serve the specific needs of a variety of industries, including manufacturing, healthcare, food and beverage, distribution, public sector, retail and hospitality,” said Rick Ryder, senior vice president, Infor. “Infor’s CloudSuites utilize Infor’s leading technology platform, Infor OS, to power next-generation user experiences, integrations and workflows – increasing productivity and collaboration. Infor is hyper focused on delivering scalable, flexible, cloud-based applications with industry-specific capabilities, and we believe this recognition by the IDC MarketScape is a testament to our achievement in that area.”

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Groundswell, a highly specialized systems integrator focused on bringing modern ERP and low-code solutions to federal agencies, and Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, today announced the successful “Go Live” of Workday Government Cloud for a prominent U.S. federal agency with an international mission and global workforce.

The agency will now benefit from Workday’s cloud-based solutions for its human resources modernization needs, replacing an outdated on-premises personnel database. With Workday Government Cloud, thousands of staff members across the agency will now be able to access and manage their own data, empowering decentralized decision-making and providing managers with the tools to maintain their own organizations efficiently and effectively.

“This successful implementation of Workday demonstrates our modern ERP transformation and deployment capabilities and our commitment to federal agencies,” said George Batsakis, CEO of Groundswell. “To be performing well here, especially on the heels of our recent Workday award at the Defense Intelligence Agency, is a great moment for Groundswell and our implementation partner, CrossVue. We are excited to continue exceptional delivery of Workday solutions and supporting the larger ERP modernization movement happening throughout our wide range of government customers.”

This news is part of a larger federal-wide movement away from legacy enterprise resource planning (ERP) systems to more modern and agile solutions like Workday.

“This milestone is an exciting testament to the powerful role that Workday can play in helping federal agencies modernize,” said Lynn Martin, Head of Federal, Workday. “We are committed to being a trusted partner to the government as it navigates an ever-changing landscape, empowering agencies to transform how they manage their people and the taxpayers’ money in service of this great nation.”

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Conga, the pioneer and market leader in Revenue Lifecycle Management, announced today a new Contract Lifecycle Management (CLM) offering designed to run on the Conga Platform adding a full SaaS alternative to its traditional Salesforce based user interface. The AI-enhanced solution is available on the Conga Platform, offering a CLM interface that can integrate with any CRM, ERP, or procurement platform.

With productivity demands increasing and the global business and legal environment constantly evolving, there is never-ending pressure to improve revenue and profit on a tight budget. But too often, companies find themselves trapped in the Revenue Friction Zone, slowed by isolated technology, fragmented data, siloed problem-solving, reliance on large functional teams, and poor buyer experiences. Meanwhile, contracting teams face increasing demands while dealing with large, manual workloads.

Conga’s CLM with AI empowers businesses by mitigating risk, reducing contract creation to close time, and helping cut supplier costs. New state-of-the-art AI models increase accuracy and extract text and data from contracts and tables. With Conga’s AI-enabled drag-and-drop bulk document import capabilities, customers save valuable time and create highly precise AI models in minutes, eliminating the need to train the AI.

This new Conga CLM provides unparalleled flexibility for customers by streamlining operations, eliminating internal silos, and connecting contract data and processes so departments can easily access the contract terms and data needed to achieve their goals.

Only Conga CLM provides the following unique combination of features:

• Start delivering value faster by ensuring contract compliance while streamlining processes with pre-defined workflows, approval processes, and templates for faster implementation
• Greater accuracy and ability to handle larger volumes of contracts using AI
• Immediately extract and define custom provisions leveraging new large language models (LLMs)
• Risk scoring and suggestions to mitigate risk before or after signing when preparing to renegotiate
• AI that adapts to each customer’s business as it evolves based on their actions

“Conga CLM on the Conga Platform gives businesses the ability to manage contracts and access data in the systems they use daily while helping them improve performance,” said Grant Peterson, Chief Product Officer of Conga. “Our CLM not only helps accelerate contracting success across teams, empowering legal, sales, procurement, and finance to enhance visibility and make quick and informed decisions, but ensures compliance, while driving stronger results.”

Legal departments today face increasing workloads without the staff to accommodate the change. Conga’s AI helps Chief Legal Officers and legal teams scale up their workload while providing the oversight needed to take control of risk management strategies and manage more contracts. Conga’s solutions deliver better contract outcomes with state-of-the-art data extraction, instant AI models, and legal data verification services to ensure the data businesses rely on is accurate and easy to access and report on. The ability to automatically connect contract data and processes across departments breaks down internal silos, empowering everyone to work where they want and access the information they need.

“Today’s business leaders have a unique opportunity to gain a revenue advantage, but achieving that requires a team effort. As a decade-long leader in CLM and AI, Conga offers an experienced team and the comprehensive technology to empower any department to get what they need from contracting,” said Andrew Bennett, Chief Marketing Officer at Conga. “We’re proud to offer new, modern solutions designed to help businesses conquer the most intricate contracting challenges. As a result, our customers experience benefits like receiving a rapid payback on their CLM investment in as little as six months, recouping at-risk revenue by tracking renewals, taking timely pricing actions, and identifying potential supplier savings to deliver a revenue advantage.”

Visit conga.com to learn more or attend Conga’s June 2024 product launch webinar series on June 25, 2024 at 11:00 am ET to hear what’s new, now, next, and future for Conga CLM.

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Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced the findings of the Censuswide survey, “C-suite Imperatives: Evolving IT and Enterprise Investments.” The Rimini Street-sponsored research was conducted among nearly 3,000 CFOs and CIOs around the globe, examining the relationship between the key business leaders, and the drivers behind their technology investments and decisions.

The analysis of the data revealed that as IT costs and spend continue to rise, CFOs are increasing their influence over IT. Budgetary considerations and demand for results require CIOs to deliver strong ROI from selected technology investments. CIOs that work in close partnership with their CFO counterpart can help drive profitable results for the business by prioritizing projects that support the company’s financial and growth goals.

Key Finding #1: The CFO and CIO partnership continues to strengthen

86% of CFOs and CIOs say their relationship has strengthened.

CFOs are taking a more prominent role in the decision-making of IT investments. The data shows 72% of CFO survey respondents say they take the lead in setting technology budget levels, and nearly 41% of CIO respondents state that their CFO counterparts make the underlying technology decisions.

The deepening collaboration and shared accountability between the two groups can lead to greater profitability for the business, with 49% of CFO respondents sharing that they believe the positive CFO/CIO relationship was the reason for improved business outcomes.

“Working closely with the CFO in strategic alignment and in the early stages of planning helps technology teams make smart decisions that are in line with both the corporate vision and budgetary goals for the business,” said Rimini Street CIO, Gertrude Van Horn. “It’s the partnership that drives favorable outcomes for the company, and we lean heavily into this relationship to ensure we are identifying ways to achieve greater profitability while freeing funds for innovation.”

Key Finding #2: CIOs are focused on solving for rising IT costs

CIOs are tackling rising IT costs with investments in emerging tech (44%) and by outsourcing application support (36%).

CIOs are investing heavily in AI to address rising IT costs. A combined 87% of CIOs agree that historical data is the secret sauce to maximizing the value of their AI projects for ERP, but a staggering 94% state that their data needs substantial or moderate clean-up in order to succeed with AI.

Another area of budgetary focus for CIOs is to improve cost predictability. By outsourcing IT services, which can help solve for the loss of IT talent and staff, CIOs report the benefits include support of application customizations (33%), broader service and support solutions (33%), better quality of service and support (32%) and faster resolutions (30%). And 26% say they were able to lower costs.

Key Finding #3: Not all technology initiatives are delivering value for the business

ERP upgrades or migrations (23%) delivered the least amount of value for CFOs.

While security (28%), emerging technologies such as AI, business intelligence and data analytics (27%), and customer-facing SaaS technologies (27%) rounded out the top three spots for technology investments considered highest in value for the business, ERP upgrades or migrations failed to show the same level of enthusiasm from the CFOs surveyed.

Only 20% of surveyed CFOs state that they are happy with the results of their technology investments. They often experience a negative impact, such as increased ongoing costs, limited future flexibility, or organizational/business disruption. Because of this, CIOs must consider both the short- and long-term impact of their technology strategy.

“Thousands of clients of Rimini Street who have taken the lead in maximizing the value of their substantial ERP investments also benefit from the flexibility and freedom to innovate with best-fit solutions for their needs, on their own timeline,” said Rimini Street CFO, Michael Perica. “It’s not just about the $8B we’ve saved our clients to date, we’ve helped them reallocate their people, time and money towards strategic initiatives and innovations that accelerate growth profitability for the business.”

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Choosing the Cloud to Support Future Growth

Having grown significantly over two decades, Bain & Company now operates globally in over 65 offices. This growth, both organic and through acquisitions, led to a rise in manual and localized back-end processes, in addition to the challenges of integrating acquired businesses into the wider company. For these reasons, Bain & Company made the choice to migrate to the cloud with SAP S/4HANA Cloud Public Edition.

“SAP S/4HANA Cloud Public Edition was the best ERP option to meet our needs because of its standard processes, latest industry best practices and continuously delivered innovation, and I believe that adopting an SaaS solution will help future-proof our technology stack as we continue to grow,” Bain & Company Chief Information Officer Ramesh Razdan said. “We’ve already completed our first year-end close on SAP S/4HANA Cloud Public Edition and are very pleased with the results we’ve seen. I’m confident that we’re on course to deliver significant value from this implementation in the coming years.”

A Strategic Opportunity to Optimize Business Operations

In implementing SAP S/4HANA Cloud Public Edition across its global business in 40 countries, Bain was determined to realize the full potential of its new ERP system. From the outset, the program was owned by stakeholders from across both business and technology functions with the goal of fully standardizing core processes end to end and enabling its global users to deliver desired business outcomes with the new technology.  

Using its own ERP transformation teams and digital transformation expertise to deliver a “business-led” technology transformation of this magnitude, Bain worked together with SAP to design and deliver its end-to-end “SAP S/4HANA Cloud Public Edition modernization program.” Additionally, Bain also invested in significant change management and training efforts to ensure global users were ready to harness the full value of SAP S/4HANA Cloud Public Edition.

“We treated this as a business-led transformation in the same way we advise our clients,” Bain & Company CFO Steve McLaughlin said. “We standardized many processes to create real business value and execution efficiency. For example, we simplified and standardized our chart of accounts enabling us to utilize SAP S/4HANA Cloud Public Edition, group reporting to provide the management reporting our leaders need to make timely decisions. Our business leaders and finance team have owned our SAP S/4HANA Cloud Public Edition journey from day one, which was a real key to our initial success and knowing we have more to do.”

Successful “Big Bang” Implementation Across the Globe

Bain is now live globally with fully standard processes following a big-bang implementation across 40 countries. Today, it has a system built around a standardized core, which has enabled faster and better-informed decision-making, automated processes that will lead to reduced manual work, quicker onboarding of acquisitions, and seamless ERP upgrades and innovation.

“Bain & Company and SAP have been long-standing partners,” said Scott Russell, chief revenue officer and member of the Executive Board of SAP SE. “We are delighted to support them in their journey to the cloud so that they are poised to continue transforming their business as well as the businesses of our joint customers. I look forward to seeing Bain & Company fully utilize all the latest innovations, including industry best practices and new technologies like generative AI, available to them through SAP solutions.”

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“I am thrilled to join the Netgain team. The founders bring incredibly deep expertise in the accounting space, and Netgain is solving real everyday problems for accountants and controllers. Additionally, the opportunity to work with customers and partners who are redefining the accounting industry—turning something that is often seen as mundane into something extraordinary—inspires me to be part of the change and innovation in this industry,” stated Bukary.

Bukary brings an impressive background to the Netgain team, with experience leading revenue teams at Phenom, Oracle, NetSuite, and SAP. He has led multi-national teams, driven strategic product initiatives, and served as an executive sponsor for numerous acquisitions. His background in analytics, BI, ERP, GRC, and collaboration tools positions him perfectly to scale Netgain’s go-to-market function and better serve its customers.

“Roman’s extensive experience and proven track record make him the perfect addition to our leadership team. His vision and expertise will be instrumental in driving our growth and enhancing our ability to deliver exceptional value to our customers,” shared Adam Riches, CEO and founder of Netgain.

Roman Bukary holds a Bachelor of Science in Psychology, a Bachelor of Science in Mechanical Engineering, and a Master of Science in Mechanical Engineering from Rensselaer Polytechnic Institute. He is known for his ability to build and manage high-performing teams and for his deep understanding of the enterprise software landscape.

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IFS, the leading technology innovator in cloud and Industrial AI software, today announced that Laerdal Medical, the Norway-based healthcare education and medical simulator provider with 2000+ employees, has chosen IFS Cloud as its global ERP platform.

With subsidiaries around the world, Laerdal needed an integrated IT platform to provide a single version of truth across its operations. IFS Cloud will provide the healthcare manufacturer with consistency over its business processes globally whilst also supporting scalability as it continues to grow its operation and migrate toward subscription-based services and implement a configure-to-order business model.

IFS Cloud will provide Laerdal with the agility required to navigate this transition and manage the late-stage customization and shorter lead times that the new business model will demand, all while improving customer satisfaction. Laerdal will be able to leverage the composable nature of IFS Cloud to better integrate new and emerging technologies, including embedded AI and advanced automation capabilities, to further enhance its service offerings into the future.

Simon Dreyer, Corporate IT Director at Laerdal Medical, said “In the face of customer demands, changing regulations, supply chain disruption, and our commitment to sustainable solutions, it is critical for Laerdal to rapidly support new business capabilities required to achieve our ambitions. On our mission to helping save lives, our partnership with IFS and the implementation of IFS Cloud are key strategic components of leveraging technology through a partner that is committed to delivering cutting-edge technology on a continuously evolving platform.”

The IFS ERP solution will be rolled out to all Laerdal’s sites globally, including production facilities in Norway, the United States, Mexico, and China. The solution will support multiple core business processes across these sites from supply chain management, to procurement, warehouse management and finance.

Glenn Arnesen, President of Europe North & Central at IFS, said, “Laerdal’s mission is to improve healthcare quality around the world by providing the industry with high-quality simulation and resuscitation equipment backed by leading education and training. Accessing the latest innovative technology is key to fulfill that vision and we are excited to have the opportunity to help Laerdal on their journey. With IFS Cloud, they are set to remain at the forefront of their industry in the years to come.”

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FloQast, a Finance and Accounting Operations Platform provider created by accountants for accountants, announced today that it is certified by SAP as built on SAP Business Technology Platform (SAP BTP), SAP’s platform for the Intelligent Enterprise.

“FloQast’s expanded integration with SAP S/4HANA now includes private cloud integration with SAP’s Business Technology Platform – a game-changer for companies navigating ERP transitions,” said Mike Whitmire, CPA, CEO and co-founder of FloQast. “Organizations cannot afford to have key processes, including the Financial Close, disrupted during a shift from on-premises to cloud-based ERP systems. This integration empowers teams to make this transition without any delay to downstream functions or lag in the record-to-report process.”

FloQast’s integration with SAP S/4HANA aligns with clean core, GROW, and RISE, enabling effortless implementation of FloQast on both private and public cloud deployments of SAP S/4HANA out of the box. This direct integration allows companies to bring data from their ERP into FloQast and maintain real-time reconciliations and accurate tie-outs supporting the Financial Close.

FloQast is available on SAP Store.

SAP Integration and Certification Center (SAP ICC) has certified that the integration software for FloQast is built on SAP BTP, integrated with SAP S/4HANA^®, using SAP Integration Suite. SAP BTP helps companies connect and integrate their business processes and data with SAP and third-party applications to make well-informed decisions and meet their evolving needs.

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