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IT Shades
Engage & Enable
T-Bytes
Platforms & Applications
January Edition 2020
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Table of Contents
1. Financial, M & A Updates..................................................................................................................................1
2. Solution Updates................................................................................................................................................13
3. Rewards and Recognition Updates..................................................................................................................28
4. Customer Success Updates...............................................................................................................................44
5. Partnership Ecosystem Updates......................................................................................................................83
6. Miscellaneous Updates.....................................................................................................................................99
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Financial, M & A Updates
Platforms & Applications Industry
Financial, M&A Updates
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AvidXchange raises $260 million to support continued growth
AvidXchange, the leading provider of accounts payable (AP) and payment
automation solutions for the middle market, announced it has raised $260
million in equity capital as part of the company’s latest financing round.
With contributions from TPG Sixth Street Partners and other leading
investors, this brings total funding to more than $800 million over the
company’s 20-year history. The new capital will fuel AvidXchange’s
continued growth and innovation, allowing the company to invest in its
solutions for both buyers and suppliers while reaching more customers in
the middle market. The funding comes on the heels of a transformational
2019 for the company, as AvidXchange took several steps to propel
growth and drive the business toward its next phase. In October, the
business launched AvidPay and AvidInvoice for long-term healthcare and
social services and in July, the acquisition of BankTEL Systems added
nearly 2,000 bank customers to its financial services vertical. The
company also hired 175 new teammates in 2019, bringing its total number
of employees to more than 1,400 across seven offices, with plans
announced for a headquarters expansion that will double its footprint and
accommodate an additional 1,200 teammates.
Executive Commentary
“More than 60 percent of U.S. businesses still pay bills with paper
checks, accounting for more than $2.7 trillion in administrative costs
annually,” said CEO and Co-Founder of AvidXchange. “We’re shaping
the future of the B2B payments industry by fundamentally changing
the way businesses pay their bills, providing a single platform for AP
and payments with the largest payments network for the middle
market.”
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Description
1
Financial, M&A Updates
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Chetu’s Continued Growth In 2019 Ushers In Monumental 20 Year
Anniversary
Chetu, the leading developer of world-class, custom software solutions,
released details of the company’s growth in 2019, which includes $56.20
million in revenue and 18.19 percent growth, as well as shared projected
plans for 2020. Celebrating nearly 20 years of operation, 2019 has proved
to be another year of sustained growth for Chetu which broke the $55
million in revenue milestone and achieved another year of double-digit
growth. As part of this success, the company expanded its operations and
increased its number of dedicated software solution experts to nearly
1,800. Outside of operations, both the sales and marketing teams saw a
growth of 21 and 25 percent in personnel respectively. Chetu also
augmented its status as a thought leader in over 40 different industries
around the world having attended 155 tradeshows and exhibiting at an
impressive 258. Lastly, the company capitalized on the increased demand
for custom software in Europe by opening its fourteenth office located in
Birmingham, England, which serves as the home base for the European
and Middle Eastern markets.
Executive Commentary
“2019 was a record year for our company, and we are incredibly proud
of all the team members who helped make it a success,” said Founder
and CEO of Chetu. “Generating over $55 million in revenue is a huge
milestone for a private company like ours, and we intend to build on
this success in 2020 and beyond.”
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Financial, M&A Updates
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Clubessential Holdings Announces Acquisition Of Vermont Systems,
Inc.
Clubessential Holdings, the leading provider of membership and
club-management solutions to the private club, college athletic and health
and fitness markets, announced the strategic acquisition of Vermont
Systems Inc., the market leader in recreation management software for
public entities. Already the major provider of membership and club
management SaaS solutions for private clubs, boutique fitness studios, and
college athletics, this acquisition expands Clubessential Holdings’
presence to municipal, county, state and federal military public markets.
Vermont Systems (VSI), headquartered in Essex Junction, Vermont,
specializes in developing software products for managing recreation and
parks operations for governmental entities. VSI’s cross-channel
technology is designed to create consistent community experiences,
enhance loyalty with every interaction, and connect all key activities,
employees and customers in one place to create efficiencies and make real
connections.
Executive Commentary
“We’ve been consistently impressed with the people, technology and
commitment to outstanding customer experiences behind every
interaction we’ve had with Vermont Systems,” said CEO,
Clubessential Holdings. “Giles, and his team of dedicated employees,
have built a tremendous platform that provides the most
comprehensive suite of parks and recreation software solutions to the
public markets. We’re pleased to welcome Vermont System’s more
than 1,200 customers and 100 employees as a fourth pillar to our
family of leading SaaS companies; Clubessential, ClubReady and
PrestoSports.”
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Financial, M&A Updates
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Continuity Wraps Up a Strong 2019 with a Strategic Acquisition, the Launch
of a New Product and Multiple New Client Signings
Continuity, a leader in the development and deployment of compliance change
management (CMS) and enterprise risk management (ERM) solutions for regulated
financial institutions announced a very strong end to 2019. From September through
December, the company executed the acquisition of TraceRisk (now Continuity’s
RiskAdvisor™), launched the RegAdvisor® State module and signed numerous new
clients as well as long-term client renewals. Many of which have expanded their
Continuity product portfolio with the addition of RiskAdvisor and RegAdvisor State. In
September, as a response to the evolution of regulatory oversight becoming more state
focused than ever before, Continuity launched the RegAdvisor State module. In
discussing the launch, Continuity Chief Revenue Officer, David Bagley stated, the
“State module was the right tool and the right time. Both sales and customer
acceptance took off like a shot.” As of year-end, the majority of all client renewals and
new sales included the “State” module in their portfolio of Continuity
products.Continuity also saw continued growth in its flagship compliance change
management suite, which includes RegAdvisor® Pro and RegControls™, with the
signings of multiple new clients. In addition to the many new logos added to the client
roster, Continuity continued to strengthen its partnership with existing clients. For
example, New Dimensions FCU recently contracted to use the new RiskAdvisor
product in addition to other Continuity products in the suite.
Executive Commentary
“We could not be more pleased with the immediate growth and expansion born out
of the acquisition of TraceRisk, now branded as RiskAdvisor,” stated Continuity’s
Chief Executive Officer. Nicastro continued, “In what amounted to a twelve-week
period over multiple holidays, the Continuity team signed eight RiskAdvisor
contracts. The breadth and immediacy of the impact of the transaction has far
exceeded our expectations.”
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Description
Financial, M&A Updates
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IFS Completes Acquisition Of Global Field Service Management Software
Provider Astea International
IFS, the global enterprise applications company, announces that it has concluded
the acquisition of 100% of the shares of global software company Astea
International. The transaction, initially announced in October 2019, will enable
the combined company to serve more customers in more markets, through a
broader network of the best talent and partners in the industry. By combining
with Astea, IFS will further expand its global footprint beyond its more than
10,000 customers worldwide, of which 8,000 are in service management. This
year alone, IFS has driven significant organic growth of its FSM business, with
H1 2019 license revenues increasing by 119% compared to H1 2018. IFS
develops and delivers enterprise software for customers around the world who
manufacture and distribute goods, build and maintain assets, and manage
service-focused operations. The industry expertise of our people and solutions,
together with a commitment to delivering value to every one of our customers,
has made IFS a recognized leader and the most recommended supplier in our
sector. Our team of 3,700 employees and growing ecosystem of partners support
more than 10,000 customers around the world challenge the status quo and
realize their competitive advantage.
Executive Commentary
President of the IFS commented, “Zack and the management team have built
a well-established and respected business in Astea. We are very pleased to
leverage their expertise and skills to benefit our collective customer base.
The service management sector continues to grow at pace faster than that of
many other line-of-business applications, and we are in an enviable position
in being able to offer our customers the most technically advanced and
engaging solutions. This focus will enable customers to use service
execution across the entire service lifecycle to create a competitive
advantage in how they deliver customer experience and grow their revenue.”
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Description
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Financial, M&A Updates
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Infor to Acquire Intelligent InSites
Infor, a global leader in business cloud software specialized by industry,
announced it has entered into an agreement to acquire Intelligent InSites
Inc. Headquartered in Fargo, North Dakota, Intelligent InSites™ is a
leading provider of healthcare software and services leveraging
location-based intelligence from real-time location systems (RTLS).
Intelligent InSites has customers in the U.S. and Australia, including
HCA, U.S. Department of Veterans Affairs and Royal Adelaide Hospital.
Intelligent InSites provides an enterprise scalable, dynamic, and intuitive
location platform used to optimize clinical assets and supplies, streamline
patient workflows, and ensure the safety of staff. This acquisition enables
Infor to offer an expanded suite of technology for healthcare
organizations. The Intelligent InSites solution will complement the Infor
CloudSuite Healthcare footprint, enabling support across the continuum of
care including clinics, urgent care, emergency departments, inpatient care,
procedural care, and behavioral health.
Executive Commentary
“This acquisition is a great fit for Infor given its focus on IoT and
clinically-connected capabilities for healthcare without being tied to a
specific RTLS hardware technology,” said Infor CEO. “By pairing
location services with our current healthcare offerings, we continue to
respond to the industry’s call to connect traditionally business-focused
software to the caregiving process. Intelligent InSites’ software allows
us to provide our customers with a comprehensive,
clinically-connected healthcare operations suite.”
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Financial, M&A Updates
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MRI Software Acquires Lindsey Software to Bolster its Industry-leading
Public Housing Property Management and Compliance Solutions
MRI Software, a global leader in real estate software solutions, announced the
acquisition of Lindsey Software, a leading provider of property management software
and services for public and affordable housing organizations in the United States.
Lindsey’s comprehensive suite of software and services, designed to help housing
agencies optimize operational and administrative processes and fulfill government
compliance requirements, will further extend MRI’s existing public housing
capabilities to better serve the industry. MRI’s acquisition of Lindsey broadens the
reach of its public housing software to provide the industry’s most complete range of
applications purpose-built for housing agencies, while adding specialist accounting
services to its offering. Lindsey’s cloud-based solution allows property managers to
manage tenant payments, maintenance workflows, applications, and communications.
In addition, Lindsey’s tenant and employee screening solution is designed specifically
for the needs of public housing authorities. Lindsey’s accounting services assist
housing agencies in ensuring financial and regulatory compliance with required
Housing and Urban Development (HUD) financial reports as well as a variety of other
regulatory requirements. Located in Little Rock, Arkansas, Lindsey offers property
management solutions designed to ease the workload of public housing managers. For
tenants, its software allows 24/7 mobile access and up-to-date tracking of the status of
the application process, resident maintenance requests and online rental payments. For
housing managers, that means tenants are able to interact around the clock about the
things they care most about, without staff having to be personally available.
Executive Commentary
“Acquiring Lindsey enhances our already extensive public housing offering and
represents another important milestone in our goal of providing world-class
technology and services that cover the full range of needs for organizations
operating in the sector,” says Senior Vice President of Residential Solutions at MRI
Software. “Lindsey has been serving the public housing industry for 60 years, and
their solutions are being used by more than 700 public housing authorities across
the United States, making them a great addition to MRI. With Lindsey’s
industry-leading mobile applications and screening and accounting services, we’ll
be able to provide public housing authorities with even more tools to better serve
their customers.”
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Financial, M&A Updates
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MRI Software Receives Investment to Accelerate Innovation And Global
Growth
MRI Software, a global leader in real estate software solutions,
announces that funds managed by Harvest Partners, LP, a leading
private equity firm, are making a substantial strategic investment in the
company. Harvest Partners joins existing investors TAAssociates and
GI Partners as institutional shareholders in MRI. At the same time, TA
Associates is also making a significant new investment in the business.
These investments will enable MRI to bolster innovation across its
end-to-end offering, accelerate growth, extend its global footprint and
deliver on its mission to create an open technology environment for the
real estate industry. MRI has more than 8,500 enterprise clients,
representing over two million users, who rely on the company’s
applications to run their daily real estate operations. MRI has
experienced unprecedented growth over the last three years, both
organically and through strategic acquisitions, resulting in a more than
tripling of the size of the business. Over the same timeframe, the
number of MRI employees has more than doubled to 1,450.
Executive Commentary
MRI’s Chief Executive Officer, comments: “Harvest is an
experienced investor with a long-term perspective that will help
MRI continue to meet the growing and evolving needs of our
clients, innovate our software portfolio and provide world-class
global service. We believe the added capital will further the
development of our comprehensive software portfolio and allow for
strategic add-on acquisitions to meet the needs of a rapidly changing
market. Our management team is invigorated to continue our
mission in this new decade with the support of these three
experienced investors.”
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Description
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Financial, M&A Updates
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Sapiens Acquires German-Based Insurtech Sum.Cumo To Expand Its
Footprint In The Dach Region
Sapiens International Corporation, a leading global provider of software
solutions for the insurance industry, announced that it has acquired sum.cumo,
the German-based technology provider that offers disruptive, digital, innovative
and consumer-centric solutions mainly to the insurance sector, for up to €28.4
million. Sum.cumo services insurers in the DACH region (Germany,
Switzerland and Austria), helping them to set up their business model and obtain
a marketing edge. The company’s experts in consulting, user experience,
marketing and technology enable the region’s insurers to launch successful
e-commerce environments. Named as one of the Insurtech: Hot 100 firms by
leading global publisher Intelligent Insurer, sum.cumo was established in 2010
and was formerly owned by die Bayerische Versicherungsgruppe, currently one
of its customers. sum.cumo has more than 150 technology and insurance
experts, and serves customers in Germany and Switzerland from offices in
Hamburg, Düsseldorf and Zurich. The acquisition will enable Sapiens to expand
its footprint by offering Sapiens’ complete product and services portfolio in the
DACH region, alongside sum.cumo’s offerings. Sapiens will continue to invest
in and support sum.cumo’s offerings, and enhance Sapiens’ digital offerings
worldwide via sum.cumo’s solutions and expertise.
Executive Commentary
“Sapiens has implemented a growth strategy that incorporates acquisitions to
accelerate our business,” said Sapiens president and CEO. “We are a
strategic buyer that acquires companies that fit our mission, vision and
culture. sum.cumo met our parameters as one of the most innovative
insurtech companies in the region. Penetration into the DACH region has
been part of Sapiens’ long-term growth strategy and we have started to gain
traction in this region with Sapiens products. With sum.cumo’s local and
talented team and customers, we should significantly enhance our presence
there.”
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Description
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Financial, M&A Updates
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Access extends Order & Warehouse Management solutions with acquisition
of Mintsoft Ltd
The Access Group, one of the UK’s leading software providers for mid-sized
organisations, announced the acquisition of Mintsoft Ltd, a Chelmsford based
order and warehouse management solution provider for 3PLs and
Multi-Channel Retailers. The business was founded in 2011 by Luke Groves
with the goal to establish a UK based market leading business in the order and
warehouse management solutions market. The addition of the Mintsoft SaaS
based order and warehouse management solutions onto the Access Workspace
platform, will yet again enhance the benefits current customers will realise from
using the market leading business solution suite. Access already has solutions
that deliver for specific segments of the market and the addition of Mintsoft will
broaden the scope to additional markets, in particular for those businesses
involved in dealing with the rapid growth of e-commerce in their industries.
More and more Manufacturers, Multi-Channel Retailers, Logistics Service
Providers and 3PLs are looking to benefit from more modern and automated
order and warehouse management processes to increase fulfilment accuracy,
while at the same time significantly reducing pick times and costly returns.
Executive Commentary
CEO, The Access Group, commented, “In a recent study the warehouse
order picking market was projected to be worth more than nearly £8 billion
by 2025, with an estimated CAGR in excess of 10%, predicted across this
period. With the order picking process reported to be in excess of 50% of the
warehouse operating cost, even a small improvement in this area alone can
deliver significant benefit. While we already deliver solutions into specific
areas of this market, we expect to be able to capture a significant share of the
growth with the extended capabilities and broader market appeal that the
Mintsoft solutions bring to Access Workspace. We were extremely
impressed by the way Luke and the team have developed a market leading
position through the development of excellent products and the delivery of a
great customer experience. We look forward to helping them grow that lead
even further, as we deliver the Mintsoft solutions on the Access Workspace
platform“
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Financial, M&A Updates
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Visma acquires Circle Software—a leading provider of case management
solutions for the public sector in the Netherlands
Visma, an established leader in business-critical software for private enterprises and public
organisations in the Nordics, Baltics and Benelux, acquires Circle Software, leading
provider of cloud software solutions for case management and collaboration in the
Netherlands. Visma has grown exponentially in the Dutch market with a number of
acquisitions over the last few years, which include Visma Connect, Visma Raet, ProActive,
Visma Idella, PinkWeb, HR2day, Dotweb, VerzuimSignaal, PlusPort and Visma Roxit. By
acquiring Circle Software, Visma continues its advancement in the Netherlands, with now
around €350 million in revenue and over 2 000 employees in this highly strategic region,
strengthening its leadership in the European market. Circle Software has grown to become
one of the leading public sector software development and implementation experts in the
Netherlands, specialising in case management and collaboration solutions. Circle Software
will strengthen Visma’s position within eGovernment targeted segments in the Netherlands
with solutions that contribute to improving efficiency and productivity for governmental
and educational organisations as well as Dutch citizens and students. Circle Software, as
part of the Visma group, will continue as an independent entity, but will be rebranded to
Visma I Circle within the first year in order to gain synergies from the strong growth and
brand development of Visma in the Dutch market.
Executive Commentary
“We are very pleased that Circle has decided to join the Visma family. Together with
Visma Connect and Visma Roxit, Circle will strengthen our position within
eGovernment solutions in the Dutch market. Circle is a strong player within the public
sector and we believe their values and drive will be a good fit with Visma”, says
Division Director of Visma Custom Solutions.
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Financial, M&A Updates
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Yardi Acquires RightSource Compliance
Yardi announced the acquisition of RightSource Compliance, a
Minneapolis-based software consultant and developer that improves the
technology experience for affordable housing providers and provides standout
compliance solutions. RightSource has developed a successful software solution
to assist clients with meeting complex federal and state affordable housing
regulations. RightSource software serves affordable housing providers in all 50
states, and in 2019, the company’s software and services were used to help more
than 10,000 families move quickly into affordable housing. RightSource is a
technology firm committed to increasing the availability and quality of
affordable housing throughout the country by reducing the costs and complexity
of compliance. RightSource partners with owners and operators of multifamily
real estate to provide software, consulting, training and technology-enabled
compliance services for their properties. Together, we help the homeless become
housed faster and enable property managers to focus on collecting rents,
maintaining the property, and providing resident services by taking away the
burden of compliance.
Executive Commentary
“We’re pleased to welcome RightSource Compliance to the Yardi family,”
said Executive vice president for Yardi. “Affordable housing is an important
part of our clients’ portfolios and RightSource’s products, services and the
expertise of its staff will be a great enhancement to our affordable housing
product line.”
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Solutions Updates
Platforms & Applications Industry
Solution Updates
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Automated Logistics Systems Improves Freight Visibility and Transportation
Efficiency with Descartes MacroPoint™ Solution
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Solution Description
Descartes Systems Group the global leader in uniting logistics-intensive businesses in commerce, announced that Jackson, MI-based Automated
Logistics Systems (ALS), a full-service freight brokerage and 3PL/managed transportation provider, is improving real-time shipment visibility
and operating efficiency through the Descartes MacroPoint™ solution. With one the largest supply chain visibility networks, the cloud-based
Descartes MacroPoint freight tracking solution gives carriers, brokers, shippers and logistics service providers, like ALS, real-time visibility into
the location, status, and ETA of every load. Organizations can more closely monitor and evaluate the real-time movement of all their freight via
one platform and take corrective action before any potential supply chain disruptions occur. Using this robust, automated solution, companies of
all sizes can eliminate the need for time-consuming and ineffective check calls with carriers to determine load location details, streamline
transportation operations, and improve communication about in-transit freight across the supply chain. Descartes is the global leader in
providing on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive
businesses. Descartes has over 220,000 connected parties using its cloud-based services. Customers use our modular, software-as-a-service
solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation
invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics
processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario,
Canada and we have offices and partners around the world.
Solution Updates
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FinancialForce Delivers Predictive Analytics, Role-Based Workspaces and Next-Gen UX
Powered by Latest Salesforce Lightning and Einstein Advances
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Solution Description
FinancialForce, the #1 enterprise professional services automation (PSA) and a customer-centric ERP cloud solution according
to G2 Winter 2020 report, announced the general availability of its Fall 2019 Release and the pre-release of its Winter 2020
Release. The releases take full advantage of the latest Salesforce technologies while bringing significant new functionality for
both finance and services professionals. New Trend Predictions and Industry-Specific Analytics
FinancialForce continues its leadership in the predictive analytics space delivering several new packaged dashboards to help
organizations forecast and predict revenue trends with greater confidence and accuracy. These include:
• Revenue Trend Predictions Dashboard: empowers finance teams with predictive KPIs for income statement and balance sheet
metrics
• PSA Billing Forecasting: services professionals gain enhanced forecasting capabilities that support time and materials (T&M)
and fixed-fee percentage complete forecasting methods, and a new forecasts comparison dashboard for added flexibility
• Subscription Bookings Dashboard: enables SaaS companies to easily track subscription revenue trends over time using
advanced visualizations
Solution Updates
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Highjump Unveils Future Of Ecommerce For Supply Chain At NRF 2020
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Solution Description
HighJump, a global provider of supply chain solutions, showcases the latest for ecommerce at NRF 2020. HighJump provides retailers with the connected, automated
supply chain of the future to conquer complexity and deliver upon ever heightening consumer expectations. Consumer demands for purchasing convenience, cost,
delivery speed and choice are rising. This requires closer cooperation between retailers and third-party logistics (3PL) and intensified collaboration with brick and
mortar operations – all in light of a shrinking workforce. HighJump and its sister companies under Körber Logistics Systems, a provider of diverse supply chain
solutions and services spanning eight companies dispersed worldwide, enable this through an unrivaled product portfolio and the support of more than 2,500 logistics
experts and partners. Key solutions for ecommerce include:
• Warehouse management systems (WMS) that scale and adapt to the needs of small-to-medium-sized businesses (SMBs), global enterprises and 3PLs. The WMSs
streamline operations amongst DCs, adjust for seasonality and provide advanced capabilities for reverse logistics.
• Warehouse control system (WCS) for seamless integration and management of the latest automation technologies while providing real-time visibility into complex
workflows.
• Applications for traceability, such as Skytrack, which provide shipment visibility and notifications pivotal for last-mile delivery.
• Robotics solutions will empower the integration, design and rapid adoption of autonomous mobile robotics (AMR) through new partnerships with vendors
worldwide to extend and evolve operations to meet SLAs - even under SKU proliferation.
• Warehouse simulation and design to optimize and assess throughput and plan for next-generation technologies via CLASS.
• Voice technology bridges staff and advanced automation technology to enhance operations via one of the world’s largest and most experienced Honeywell Vocollect
voice integration teams.
• Additional digital capabilities catered to specific needs, such as software solutions for DOM and retail execution, or hardware solutions such as palletizers, layer
pickers/sorters and conveyors.
Solution Updates
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Infor Introduces New Solutions for Omni-Channel Retailers and Fashion Brands
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Solution Description
Infor, a global leader in business cloud software specialized by industry, announced a number of solutions designed to help omni-channel
retailers and fashion brands optimize their inventories, improve demand and supply planning, boost factory efficiency and help take their
fashion products to market faster. The new, machine learning (ML)-driven solutions are generally available (GA) and include Infor Retail
Allocation, Infor Omni-Channel Planning for Brands, the latest version of Infor CloudSuite PLM for Fashion, and the Infor Nexus RFID
Scan & Pack solution. Infor Retail Allocation leverages Infor Machine Learning to address the challenge of where to position inventory to
maximize “full-price” sell-through and minimize markdowns and waste. The solution supports multi-modal fulfillment for all demand types
and nodes, including vendors, distribution centers (DCs) and stores. It enables retailers to create a time-phased allocation plan, from launch
to clearance, to optimize the lifecycle margin for each product. Infor Retail Allocation is one of the industry’s first allocation solutions to be
powered by machine learning and one of the first enabling retailers to replenish distribution centers and allocate to stores in one process. It
also is unique in its ability to reduce the labor required in allocation. Infor Omni-Channel Planning for Brands applies machine learning to
demand and supply planning to help fashion brands manage their direct-to-consumer channels, alongside their existing wholesale
businesses in a solution designed for both types of demand.
Solution Updates
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Atlantic enhances its airborne capability with Teledyne Optech’s new Galaxy T2000 and
G2 sensor system
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Solution Description
Teledyne Optech, a Teledyne Technologies company and global leader in lidar sensing, is pleased to announce that Atlantic is first to take
possession of the new Optech G2 sensor system, which will accommodate their two Optech Galaxy Prime airborne lidar sensors. Atlantic
will also take delivery of three Optech Galaxy T2000 lidar sensors by the end of Q1. The G2/T2000 upgrade purchase will bolster Atlantic’s
single-swath pulse density and operational efficiency for forestry, rail, electrical utilities, and other high-density applications. The Galaxy
T2000 features a true 2-MHz laser PRF, even greater range performance and further improved scan efficiency. The customizable G2 sensor
system incorporates two Prime or T2000 sensors and is configured for adjustable fore and aft pitch to provide optimum vertical surface
resolution and ground point density in forestry, corridor and urban projects. Using two T2000 sensors on the G2 will enable Atlantic to
survey at a full 4 MHz on the ground and achieve staggering point densities to rival flash lidar capabilities. Teledyne Optech, part of
Teledyne Imaging Group, is a world leader in high-accuracy lidar 3D survey systems, integrated cameras, and productivity-enhancing
workflows. With operations and staff worldwide, Teledyne Optech offers both standalone and fully integrated lidar and camera solutions for
airborne mapping, airborne lidar bathymetry, mobile mapping, terrestrial laser scanning, and mine cavity monitoring, as well as
space-proven sensors. Teledyne Optech supports its clients with an around-the-clock team, on-site service, and regular efficiency
enhancements to the workflow of its integrated systems.
Solution Updates
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Temenos Delivers Industry First Banking Distribution Services in Temenos Infinity
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18
Solution Description
Temenos, the banking software company, announced that it has delivered new industry first Banking Distribution Services as
part of the award-winning Temenos Infinity digital front-office banking product. Temenos Infinity is the first core-agnostic
product to give banks the ability to continuously transform at scale, creating AI-driven customer experiences. Through
upgradeable, standalone distribution services banks are able to retain their own apps and digital banking experience but offer
deeper personalized customer engagement capabilities. As the first to deliver a packaged, API-driven, digital front-office
capability allowing banks to create hyper-personalized experiences while building on cloud-native, cloud-agnostic
microservices, Temenos uniquely enables continuous renovation at scale of sales, servicing and marketing capabilities For the
largest banks worldwide, requiring an architecture that abstracts the underlying complexity from delivery of personalized
service across channels, to small banks wanting to differentiate through innovation and services, Temenos Infinity delivers
agility and extensibility to both through its new microservice distribution. Temenos Infinity is available “out-of-the-box” with
Temenos Transact or as a package of services for use on any core, in any architecture.
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Temenos helps new U.S. digital banks go live in 90 days with the most functionally rich
and technologically advanced, front-to-back SaaS digital banking offering
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19
Solution Description
Temenos, the banking software company, launches a front-to-back banking software as a service designed uniquely for the US market – with
pre-integrated U.S. banking products and services designed to deliver an outstanding customer experience. Leveraging the power of its Temenos
Infinity and Temenos Transact banking products built on its modern cloud-native, cloud-agnostic and API-first technology, Temenos has developed
the next-generation SaaS product, enabling new digital banks to launch in the US within 90 days, and grow their business rapidly. According to a
recent Economist Intelligence Unit study, challenger banks – whether domestic startups or overseas brands that are now expanding their footprint –
are making their presence felt in North America. The study also found that the number of banks choosing to develop new greenfield initiatives in the
region has increased from 13% in 2018 to 29% in 2019, coming closer to the worldwide average of 36%. Temenos U.S. SaaS product is ideal for neo
and digital banks in the US seeking to dramatically reduce their time to market, operational complexity and cost. The Temenos U.S. SaaS offering
provides new digital banks with a superior omnichannel front-to-back solution that delivers fully configured banking products and services, including
support for conversational interfaces, artificial intelligence, augmented reality, and wearable technologies. This gives an exceptional customer
experience that allows digital banks to open new accounts seamlessly through all digital channels. Temenos US SaaS product allows new digital
banks to come to market quickly, acquire customers fast, reduce customer onboarding time, and grow share of wallet and revenues fast. Onboarding
new customers is seamless and frictionless – and can be completed in a matter of minutes.
Solution Updates
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Wolters Kluwer CCH Tagetik provides transformative reporting, budgeting and
planning suite for education resource leader
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20
Solution Description
CCH Tagetik, part of Wolters Kluwer Tax & Accounting, a global provider of market-leading software solutions and information services
for finance professionals has implemented a transformative suite of reporting, budgeting and planning processes for Discovery Education,
the USA-based global leader in standards-based digital content and resources for students from kindergarten through high school. The
leader in standards-aligned digital curriculum resources, engaging content, and professional learning for K-12 classrooms, Discovery
Education spun out from Discovery, Inc. in 2018. At that time, Discovery Education was operating a manual spreadsheet-based budgeting
and planning process. The company sought to automate and extract far more information from its data, particularly in terms of HR planning
since this accounts for a significant percentage of its annual expenditure budget. It was also essential for them to rationalize the use of
different exchange rates since Discovery Education operates globally and transacts in different currencies. Decisive points of differentiation
compared with competitors included CCH Tagetik’s implementation strategy, which involved co-building the system with the client’s
finance team, rather than the IT department, and providing case study examples along the way to illustrate best practice and the ability to
evolve with changing needs over time.
Solution Updates
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SugarCRM Launches Renewals Console, a Game-Changer for Subscription-Based
Businesses
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21
Solution Description
SugarCRM Inc.®, the company that enables organizations to create customers for life, announced its Winter ‘20 release, showcasing a new
renewals console, along with additional features designed to improve the lead funnel, increase renewal rates for recurring revenue models,
and optimize first-response resolution rates inside customer support centers. The Renewals Console, a feature within Sugar Sell, is a
significant differentiator for Sugar. Where other CRMs require extensive customization or third-party integration for duration-based
renewable services, Sugar is providing this feature as core functionality. Other highlights of the Winter ‘20 release include:
• Sugar Market improves email bot click detection, allowing marketers to better understand prospect interactions by differentiating between
bot and human traffic. Marketers get a more accurate picture of email campaign response rates, ensuring reliable marketing spend on
activities that drive real engagement.
• Sugar Serve provides valuable time-aware case tracking allowing customer service leaders to optimize team productivity by uncovering
which types of cases require the most attention. Customer Service organizations can set up simple to complex business rules to measure and
monitor first response SLAs and ensure customers’ SLA requirements are met.
• Rounding out the release is the rollout of Sugar tagging on Sugar Mobile. Users can now create new tags, remove existing ones, and
search by tag from their mobile device.
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PNC Treasury Management Makes Business Transactions Easier With Automated
Real-Time Payment Solution
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22
Solution Description
PNC Treasury Management announced it now offers automated Request For Payment (RFP) capabilities as part of the PNC bill distribution
and payment platform, PayerExpress. This capability generates automated RFPs, allowing payers the opportunity to pay with certainty and
billers to reconcile payments in real-time. PNC collaborated with Transactis, a Mastercard company and leading billing and payment
solutions provider, to build this capability. Automated RFP generation provides suppliers with a streamlined process for conducting
transactions and most importantly, reconciling payments. It also allows buyers the opportunity to address time-sensitive payments that are
required to maintain supply chain flows and complex distribution networks, as well as providing more control over payment terms. This
capability automates a manual, complicated process, allowing both buyers and suppliers to improve operational efficiency and eliminate
risk, ultimately, keeping their business moving. PNC Treasury Management has invested in an omni-payment ecosystem to provide clients
seamless options that meet a variety of business needs. PNC was one of the early adopters of RTP when the system launched in November
2017, and now allows clients to receive and send funds and optional remittance information into accounts within seconds of payment
initiation. In addition to comprehensive payment solutions, PNC also has developed innovative treasury management receivables services.
Solution Updates
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Veeva Introduces New Application to Speed Payments to Clinical Research Sites
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23
Solution Description
Veeva Systems introduced Veeva Vault Payments, a new add-on application for Veeva Vault CTMS that manages the payment and
reimbursement process to clinical research sites. Vault Payments automates payment tracking and provides complete financial visibility
across study partners. Now sponsors and CROs can speed payments to sites and provide full transparency into payment status and
schedules, all within their Vault CTMS workflow. Vault Payments is now available and three early adopter customers already have
implementations underway. Manual processes and fragmented systems often delay payments, leading to high dissatisfaction among clinical
research sites. With Vault Payments, sponsors and CROs can automatically match clinical activities with a site’s fee schedule to pay sites
faster with greater visibility and accuracy. Vault Payments leverages study information such as patient visits, procedures, and milestones in
Vault CTMS to create payable items and payment requests for a specific study or site. Customers have the flexibility to configure fee
templates and schedules, make adjustments on-the-fly, and generate payments for multiple sites in every country, all at once. Seamless
integration with Vault CTMS enables sponsors and CROs to streamline and automate payment processes within their existing trial
management activities and workflow to ensure sites get paid on-time. Real-time reports also give sites a complete view of all upcoming
payments. Vault Payments is part of the Veeva Vault Clinical Suite, the industry’s first and only suite of unified clinical operations
applications for CTMS, eTMF, study start-up, and payments on a single cloud platform. Vault Clinical Suite enables companies to eliminate
system silos, streamline end-to-end trial processes, and improve collaboration across sponsors, CROs, and clinical research sites.
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Veeva SiteVault Free Now Available to Simplify Study Execution at Clinical
Research Sites
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24
Solution Description
Veeva Systems introduced the availability of Veeva SiteVault Free, a free eRegulatory solution for clinical research sites. Veeva
SiteVault replaces manual and paper-based regulatory processes by providing a modern cloud application to manage
investigator site files in compliance with 21 CFR Part 11 and HIPAA requirements. With SiteVault Free, all sites now have
access to advanced technology that reduces administrative burden and speeds study execution. Veeva SiteVault simplifies
regulatory document management and processes with capabilities such as electronic signatures, remote monitoring, certified
copy workflows, and reporting. The application can be used for all trials regardless of what technology sponsors are using, as
well as the site file for investigator-initiated trials. Veeva SiteVault Free supports an unlimited number of studies, documents,
and users and comes with customer support. SiteVault is also available in an enterprise edition, which is fully configurable and
includes open APIs for integrations, customized reports, and tailored workflows. Veeva SiteVault is built on the proven clinical
operations technology used by more than 200 sponsors, including 12 of the top 20 global biopharma companies. In other news
today, Veeva introduced Veeva Vault Payments, new add-on application for Veeva Vault CTMS that enables sponsors and CROs
to speed payments and reimbursements to clinical research sites.
Solution Updates
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New MapleMBSE release from Maplesoft improves workflow of systems engineering
process
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25
Solution Description
Maplesoft announced a new release of MapleMBSE, the software that enables companies to employ a Model-Based Systems Engineering
(MBSE) process within their design projects without requiring every stakeholder on the project to be an expert in complex MBSE tools. The
latest release, MapleMBSE 2020, offers improved workflow for creating and documenting models. MapleMBSE provides a streamlined,
Excel®-based interface to the systems model with task-specific views for editing the model directly, thereby ensuring consistent information and
knowledge sharing across the design group. The familiar Excel interface enables subject matter experts to obtain and analyze the information
they need to make decisions, and to feed the results back into the model. By eliminating the need to funnel everything through a small number of
systems engineering tool experts, MapleMBSE democratizes the engineering process and significantly reduces the overhead, time, and errors
that typically come with using a standard systems engineering tool. The new release provides more flexibility in working with the model,
including the ability to view and edit previous revisions of the model easily to support experimentation and “what if” scenarios, to revert
changes and return to a previous state, and to create, view, and modify documentation for model elements for improved transparency and
traceablity. In addition, improved performance means the time to load a MapleMBSE model has been significantly reduced. In addition to
connectivity with Teamwork Cloud from No Magic, which allows customers to seamlessly access models created in a number of different tools,
including MapleMBSE, MagicDraw®, and Cameo® Systems Modeler, the new release also has ability to integrate MapleMBSE with the latest
release of IBM® Rational® Rhapsody, as well as other SysML-based tools.
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Yardi Matrix Documents Supply’s Effect on U.S. Self Storage Industry
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26
Solution Description
New supply continues to depress U.S. self-storage street rates, which dropped in about 75% of the top markets that
Yardi® Matrix tracked in November 2019. Street rates for standard 10×10 non-climate-controlled units fell 1.7%
year-over-year in November. The drop for similar-size climate-controlled units was even steeper. Only Las Vegas, Los
Angeles and California’s Inland Empire among the 31 top markets had year-over-year rate growth in both unit
categories. Self-storage projects under construction or in the planning stages accounted for 9% of the total nationwide
stock in November, a 0.2% month-over-month increase. “Ongoing heightened completion levels continue to weigh on
street rates and the storage industry is in for a continued tough slog,” the report says. Download the Yardi Matrix
national self-storage report for December 2019 to learn why New York City saw a big increase in development activity
in November, which metros had the highest and lowest street rates, and more. Yardi Matrix offers the industry’s most
comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers
who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, student housing,
industrial, office and self storage property types.
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Zycus Transforms the CLM Landscape with Contract Metadata BOT Powered by the
Zycus Merlin Artificial Intelligence Platform
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27
Solution Description
Zycus Merlin AI Platform lets you utilize the latest innovation and techniques around artificial intelligence, machine learning, and robotic
process automation across the entire Source-to-Pay suite. With its pioneering technology, the Zycus Contract Metadata Extraction Bot will
enable customers to automate a very manual process and provide a high degree of efficiency and process compliance. The Zycus Merlin
Contract Metadata Extraction Bot has the ability to identify standard metadata (like Contracting Party, Effective Date, Expiry Date,
Contract Title, Currency, Payment Terms, Contract Value, Renewal Terms, etc.) and customer specific metadata from different types of
contracts like commercial and sales contracts, vendor agreements, leases, NDAs, purchase agreements, SOWs, MSAs, etc. The contracts
can be uploaded as machine readable documents or even as scanned images, with a very high degree of accuracy. The Merlin AI BOT is
strongly integrated with the Zycus iContract application and thus allows Zycus customers to run the BOT from the CLM application or
easily take the extracted metadata into Zycus iContract. However, other customers can also leverage the benefits of Merlin to integrate the
extracted data into their non-Zycus contract applications. The Merlin iContract Metadata extraction BOT will have a tremendous impact on
the CLM space as it will significantly reduce the extraction time, improve accuracy, and enable practitioners to take better decisions based
on well-classified, cleaner data.
IT Shades
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Rewards & Recognition Updates
Platforms & Applications Industry
R & R Updates
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Adaptive Insights, a Workday Company, is Recognized as a November 2019 Gartner Peer
Insights Customers’ Choice for Cloud Financial Planning and Analysis Solutions
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28
Adaptive Insights, a Workday company, has been named a November 2019 Gartner Peer Insights Customers’ Choice for Cloud
Financial Planning and Analysis Solutions. Gartner defines Cloud Financial Planning and Analysis (FP&A) solutions as those that
“support the office of finance's budgeting, planning, and forecasting efforts. Many also supplement the office's budgeting and planning
process support with modeling, collaboration analytics, and performance-reporting capabilities, all of which enhance finance’s ability
to manage performance by linking corporate strategy and execution.” In addition to being recognized by its customers, Adaptive
Insights has also received the highest score for product or service for Upper Midsize Organizations in the 2019 Gartner Critical
Capabilities for Cloud Financial Planning and Analysis Solutions report. The report provides insight into providers’ product and service
offerings based on key capabilities. Adaptive Insights was also positioned as a Leader for the third time in the 2019 Gartner Magic
Quadrant for Cloud Financial Planning and Analysis Solutions. The November 2019 Gartner Peer Insights Customers’ Choice
distinction is based on feedback and ratings from end-user professionals who have experience purchasing, implementing, and/or using
the product or service. Adaptive Insights received the same distinction in the same category in April 2019. Adaptive Insights believes
that its distinction is based on excellent customer satisfaction, high-performance modeling capabilities, and ease of use experience.
Customers rated Adaptive Insights with a 4.6 out of 5 for the Financial Planning and Analysis Solutions market based on 216 ratings
(source: Gartner Peer Insights, as of January 13, 2020).
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Finastra named best global trade finance software provider
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Finastra has been named best global trade finance software provider by Global Finance at the Trade Finance
Awards 2020. The accolade was announced at an awards ceremony held at the BAFT Global Annual Meeting in
Frankfurt last week. It recognizes Finastra for its innovative technology in the trade and supply chain finance
space. The editorial review board of Global Finance selected the best trade finance providers based on entries
from banks and others, as well as input from industry analysts, corporate executives and technology experts.
Criteria for choosing the winners included: transaction volume, scope of global coverage, customer service,
competitive pricing and innovative technologies. Finastra’s trade and supply chain finance solutions power over
200 trade finance banks around the world, enabling corporate banks to adapt, with intelligence, insight, and
innovation at the core, in line with ever-changing client demands.
R&R Description
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Flexera is Honored in Built In Chicago’s Best Places to Work for List in 2020
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30
Flexera, the software company that helps organizations realize technology’s power to accelerate their business, announced it was
included on Built In Chicago’s list of Best Places to Work in Chicago, Best Paying Companies in Chicago and Companies with the Best
Benefits in Chicago for 2020. Companies are selected based on data submitted by companies and their employees. Flexera helps
executives succeed at what once seemed impossible: getting clarity into, and full control of, their company’s technology “black hole.”
From on-premises to the cloud, Flexera helps business leaders turn IT insights into action. With a portfolio of integrated solutions that
deliver unparalleled technology insights, spend optimization and agility, Flexera helps enterprises optimize their technology footprint
and realize IT’s full potential to accelerate their businesses. For over 30 years, our 1,300+ team members worldwide have been
passionate about helping our more than 20,000 customers fuel business success. Working in tech is a way of life. Built In helps people
live it with purpose. Across the most vibrant tech hubs in the US, Built In helps tech professionals stay on top of tech news and trends,
expand their networks and carve out futures at companies they believe in. Built In attracts a niche audience of 1 million tech
professionals every month and, in 2019, the company hit a milestone, serving 1,100 companies annually. Built In recently launched
BuiltIn.com, a national hub for tech trend coverage and resources to help professionals grow in their careers.
R&R Description
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IT Shades
Engage & Enable
Inspired eLearning Named a Leader at the 2019 Summit Emerging Media
Awards
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31
Inspired eLearning is a Leader Award winner in the 2019 Summit Emerging Media Award competition for their
instructional training video, Dial V for Vishing. The Summit Emerging Media Award competition is based on the
foundation that advertising is consistently at the forefront of the technological evolution of communication. It was
created to identify the world’s marketing communication pioneers – those pushing the bounds of the communication
badlands. Since 1994, the Summit Awards organization has been dedicated to furthering excellence in the
communications industry. It administers three distinguished award competitions throughout the year with the goal of
raising the awareness of companies and individuals who have the creative and marketing talent to go beyond the
ordinary. During the 2019 event, judges analyzed submissions and selected only 6% to receive an award. A truly
international competition, the Summit Emerging Media Award received submissions from the following eight countries
including Australia, Bahrain, Canada, India, Italy, Sri Lanka, United Arab Emirates, United Kingdom, and the United
States. Inspired eLearning was the most awarded security awareness company of 2018 and 2019, winning a combined
81 awards.
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Inspired eLearning Wins Three Awards at the 2020 AVA Digital Awards
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32
Continuing on the heels of a record-setting 2019, Inspired eLearning kicks off the new year by winning three AVA
Digital Awards. The company’s microlearning videos, Tales from CPU City Tailgating and Fake News earned Platinum
awards while Tales from CPU City Cryptojacking took home the Gold award in the Web-Based Production/Short Form
Category. Inspired eLearning designs its training content with the end user in mind to help reinforce learnings from the
training, increase retention, and promote positive behavior that ultimately reduces your company’s overall risk to today’s
most threatening cyberattacks. AVA Digital Awards is administered and judged by the Association of Marketing and
Communication Professionals (AMCP). The international organization consists of several thousand production,
marketing, communication, advertising, public relations, and freelance professionals. AMCP administers recognition
programs, provides judges, and rewards outstanding achievement and service to the profession. Judges are industry
professionals who look for companies and individuals whose talent exceeds a high standard of excellence and whose
work serves as a benchmark for the industry.
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Sage Intacct named a Leader in IDC MarketScape report on Worldwide Subscription
Management Applications
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33
Sage the market leader in cloud business management solutions, announced that Sage Intacct was named a Leader in the
new IDC MarketScape: Worldwide Subscription Management Applications 2019–2020 report. Download an excerpt of
the IDC MarketScape report with analysis on Sage Intacct. The need for subscription management applications has
exploded as business models shift from products to subscription services. The solutions that many organizations are
using were built for a transactional, product-based businesses and don’t solve the needs of subscription-based
businesses. Additionally, ASC 606 and IFRS15 bring new standards and increased complexity and cost, especially for
companies with a variety of revenue streams. Sage Intacct is a cloud-based ERP system focused on medium-sized
businesses. Native integration to Salesforce and robust subscription revenue management and contract and subscription
billing modules connect the customer lifecycle in one subscription system of record from quote to performance
obligations, billing, revenue recognition, GAAP and SaaS reporting, and financial forecasting. Additionally, Sage Intacct
enables companies to unify their billing across perpetual, SaaS, usage, and services. With one subscription system of
record across their customers’ lifecycle, businesses can more easily scale their organizations, accelerate cash flow, and
comply with regulations
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IT Authorities Appears On The Inc. 5000 For The Seventh Time!
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34
Inc. magazine just revealed that IT Authorities is No. 1667 on its annual Inc. 5000 list, the most prestigious ranking
of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies
within the American economy’s most dynamic segment—its independent small businesses. Microsoft, Dell,
Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first
national exposure as honorees on the Inc. 5000. Not only have the companies on the 2019 Inc. 5000 been very
competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2019
Inc. 5000 achieved an astounding three-year average growth of 454 percent, and a median rate of 157 percent. The
Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.
The annual Inc. 5000 event honoring the companies on the list will be held October 10 to 12, 2019, at the JW
Marriott Desert Ridge Resort and Spa in Phoenix, Arizona. As always, speakers include some of the greatest
innovators and business leaders of our generation.
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Two-Time Honoree! Jade Global Recognized for Fast Growth Among Silicon Valley
and Philadelphia Enterprises
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35
Jade Global has been recognized for fast growth by both the Silicon Valley Business Journal and the Philadelphia
Inquirer. Each of the prestigious designations below were awarded to Jade Global and other winners based on
percentage net revenue growth over three years, from 2016 to 2018. The Silicon Valley Business Journal simultaneously
released its edition of the “Fastest Growing Private Companies in Silicon Valley with less than $50 million in 2018
revenue” during an October 24th award ceremony at the Club Auto Sport Event Center in San Jose, California. The
Philadelphia100® is a merit-based program that recognizes the fastest growing, privately-held companies in the Greater
Philadelphia Region. Over 1,500 companies were considered for the 2019 Philadelphia 100 List. Jade Global’s #85
ranking was revealed among 500 guests at the Philadelphia 100 awards ceremony on October 24th at The Crystal Tea
Room in Philadelphia. As part of the 100 companies selected, Jade Global featured in the October 2019 issue of the
Philadelphia Inquirer. Over the past year, Jade Global has celebrated a variety of wins, exposure and company success.
In addition to these incredible feats, Jade Global earned a spot on Inc. magazine’s prestigious Inc. 5000 list of the
nation’s fastest growing and most successful independent businesses for the 9th consecutive year. Jade Global ranked
3905 in on this year’s 38th annual Inc. 5000 list.
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Oracle Recognized as Leader in Risk Management
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36
For the fourth consecutive year, Oracle Financial Services has been ranked in the top three of the annual Chartis RiskTech100®.
Compiled by industry research group Chartis Research, RiskTech100® ranks the world’s top 100 providers of risk management
and compliance technology solutions that meet the needs of both financial and non-financial organizations. Oracle ranked first in
the categories of Core Technology, which looks at a vendor’s overall technology stack by benchmarking it against the latest best
practices, and Data Integrity and Control, which reviews a vendor’s ability to maintain data quality, a key differentiator for Oracle.
Oracle also received an honorable mention in the categories of asset and liability management (ALM), financial crime/anti-money
laundering (AML), risk and finance integration, and risk data aggregation and reporting. This announcement comes after Oracle
was ranked as a category leader in the Chartis RiskTech Quadrant® for AML/watchlist monitoring solutions earlier this year. A
pioneer in modern risk and finance, Oracle Financial Services Analytical Applications product suite is used by many Global
Systemically Important Financial Institutions (SIFI). In September 2019, AsiaRisk (owned by Infopro Digital SAS) ranked Oracle’s
ALM solution as Product of the Year for its value add to end users from an innovation and risk perspective. AsiaRisk specifically
noted its ability to help bank officers across the organization gain a better understanding of the risks they have assumed and
sensitivity in economic conditions.
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Oracle Achieves DISA Impact Level 5 Provisional Authorization for Oracle Cloud
Infrastructure
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37
Following closely on the heels of Oracle achieving FedRAMP authorization, Oracle announced three new government regions: Ashburn, Virginia;
Phoenix, Arizona; and Chicago, Illinois. These regions have achieved DISA Impact Level 5 provisional authorization (IL5 PATO), providing a cloud
environment where U.S. Department of Defense (DoD) and other Federal customers can harness the power of Oracle Cloud to unlock innovation,
improve mission performance, and enhance service delivery. This is an important milestone in Oracle’s journey to deliver innovative cloud services
with consistent high performance and exceptional security to the entire U.S. government. In 2020, Oracle plans to bring additional full-scale Gen 2
Cloud Regions online to support the classified missions of the US Government. Oracle has been a long-standing strategic technology partner of the
U.S. government. Today, more than 500 government organizations take advantage of Oracle’s industry-leading technologies and superior
performance. State, local, and federal government customers using Oracle to modernize their technology include Defense Manpower Data Center
(DMDC) and the U.S. Air Force. The Department of Defense recently awarded a contract to Oracle for its Oracle Cloud Infrastructure to support a
large portion of the enterprise human resource portfolio. The award modernizes existing infrastructure and will assist the Defense Manpower Data
Center in providing necessary human resource services and capabilities to its military members, veterans and their families. With Oracle Cloud
Infrastructure, customers benefit from best-in-class security, consistent high performance, simple predictable pricing, and the tools and expertise
needed to bring enterprise workloads to cloud quickly and efficiently. In addition, Oracle now provides organizations with a complete set of solutions
for any high performance computing (HPC) workload, enabling businesses to capitalize on the benefits of modern cloud computing while enjoying
performance comparable to on-premises at a lower cost.
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SAP Recognized by Bloomberg Gender-Equality Index for Second Consecutive Year
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SAP SE has been selected for inclusion in the Bloomberg Gender-Equality Index (GEI) in 2020, the second consecutive year that the
company has received this recognition. The Bloomberg GEI recognizes companies committed to transparency in gender reporting and
advancing women’s equality. Gender equality is a core company value at SAP and a priority for becoming the most inclusive software
company on the planet and maintaining its competitiveness. SAP set out to increase women in management in 2011 by establishing a
target of having 25 percent women in leadershipby 2017, and 30 percent by 2022. SAP hit its goal of 25 percent women in leadership
six months ahead of schedule in June 2017, and as of December 2019 it reached 26.4 percent. The inclusion in the 2020 Bloomberg
Index follows SAP’s recertification for Economic Dividends for Gender Equality (EDGE), a global standard, in October 2018.
Bloomberg’s Gender-Equality Index uses a standardized reporting framework that provides public companies with the opportunity to
disclose how they promote gender equality in four separate areas: company statistics, policies, community engagement and products
and services. Companies that score above a globally established threshold are included in the GEI. The index helps meet the demand
from a growing number of investors to incorporate environmental, social and governance data into their daily investment decisions.
Currently only 10 percent of eligible companies disclose their workplace gender policies and practices. Over the last few years, the
number of women hired and promoted at SAP, together with the percentage of women in leadership positions across the company, has
been on an upward trend.
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Sapiens Wins An Xcelent Award For Its Advanced Life & Pension Technology In
Emea
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39
Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced that it has won
Celent’s XCelent award in the “advanced technology” category in the EMEA region with its Sapiens CoreSuite for Life & Pension
offering. This marks the ninth Celent XCelent award Sapiens has received, with six of those recognizing Sapiens in the EMEA region.
Sapiens CoreSuite is a cloud-ready solution designed to provide excellence in the administration of insurance business, facilitate digital
transformation and fast time-to-value for digital strategies, and create greater efficiency via legacy consolidation. Research and
consulting firm Celent analyzed 37 policy administration systems for life & pension available in Europe, the Middle East and Africa,
publishing its findings in its recent report: “EMEA Policy Administration Systems 2019: Life, Annuities, And Pension ABCD Vendor
View.” Only insurance software vendors with at least three customers in production with the current version of the system, at least one
sale to a new customer within the past two years and participation by at least three reference customers were included in Celent’s
framework for evaluating vendors (the “Celent ABCD Vendor View”). Sapiens CoreSuite for Life & Pension is our flagship solution
designed to provide excellence in administration of insurance business, facilitate digital transformation and fast time-to-value for digital
strategies, and create greater efficiency via legacy consolidation. This end-to-end, core policy administration solution supports the
complete policy lifecycle across a wide variety of products in the life & pension industries.
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SurveyMonkey Consistently Ranked on Fortune’s Best Workplaces in the Bay
Area
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40
SurveyMonkey was honored by Fortune and Great Place to Work® as one of the 2020 Best Workplaces in the Bay Area.
Making the list for a third consecutive year, SurveyMonkey continues to build a culture that excels in one of the nation’s
most competitive markets. This recognition follows SurveyMonkey's streak of recent local milestones. In 2019, the
company made a key acquisition of San Francisco-based GetFeedback, a top-rated feedback solution for Salesforce, to
further scale its enterprise customer experience management offerings for brands that want to boost customer retention
and loyalty by surfacing insights and acting on important feedback. Along with the opportunities to help more than
335,000 global organizations and 5,346 enterprise customers to gather crucial insights, SurveyMonkey also offers
industry-leading employee benefits including more inclusive family planning benefits, extended bereavement leave, and
the extension of benefits to vendors and contractors. This month, SurveyMonkey will begin offering mental health
benefits to its employees. The Best Workplaces in the Bay Area is one of a series of rankings by Great Place to Work
and Fortune based on employee feedback from Great Place to Work-Certified™ organizations. The ranking considered
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SurveyMonkey Consistently Ranked on Fortune’s Best Workplaces in the Bay
Area
For any queries, Please write to marketing@itshades.com
41
SurveyMonkey was honored by Fortune and Great Place to Work® as one of the 2020 Best Workplaces in the Bay Area. Making the
list for a third consecutive year, SurveyMonkey continues to build a culture that excels in one of the nation’s most competitive markets.
This recognition follows SurveyMonkey's streak of recent local milestones. In 2019, the company made a key acquisition of San
Francisco-based GetFeedback, a top-rated feedback solution for Salesforce, to further scale its enterprise customer experience
management offerings for brands that want to boost customer retention and loyalty by surfacing insights and acting on important
feedback. Along with the opportunities to help more than 335,000 global organizations and 5,346 enterprise customers to gather crucial
insights, SurveyMonkey also offers industry-leading employee benefits including more inclusive family planning benefits, extended
bereavement leave, and the extension of benefits to vendors and contractors. This month, SurveyMonkey will begin offering mental
health benefits to its employees. The Best Workplaces in the Bay Area is one of a series of rankings by Great Place to Work and
Fortune based on employee feedback from Great Place to Work-Certified™ organizations. The ranking considered more than 33,000
employee surveys from companies across the San Francisco Bay Area. SurveyMonkey was also ranked in 2019 as one of the Best
Workplaces in Technology and Best Small & Medium Workplaces by Great Place to Work and Fortune.
R&R Description
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Unit4 Recognized in Latest Market Guide for Service-Centric Cloud ERP Solutions
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42
Unit4, the industry leader in next-generation enterprise application software for people-centered organizations, has been
named as a Representative Vendor in Gartner’s latest Market Guide for Service-Centric Cloud ERP Solutions. This news
comes following Unit4’s commitment to the strategic concept of “People Experience” to meet today’s changing work
environment – particularly for service-oriented organizations. Unit4’s investment towards this new concept is evidence
of the company’s commitment to growing its offerings to suit the varying needs of its service-centric customers. Several
vendors claim to provide service-centric cloud ERP products, but their suitability varies by prospective customer size,
geographic presence and industry. As such, we believe this report is intended to educate ERP decision-makers in better
understanding the competitive landscape of this growing market.
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Zuora Recognized As A Leader In The Idc Marketscape For Subscription Management
Applications
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43
Zuora, Inc., the leading cloud-based subscription management platform provider, announced that it was recognized for the second time
in a row as a Leader by the IDC MarketScape[1]. The new IDC MarketScape: Worldwide Subscription Management 2019-2020 Vendor
Assessment recommends to consider Zuora® when “you need a comprehensive subscription management offering for companies of all
sizes and industries.” The report, IDC MarketScape: Subscription Management Applications (doc #US44867519, January 2020), gives
an overview of the market and assesses 13 key subscription management service providers. The report’s assessment is based on current
and future capabilities with a view of presenting the most comprehensive analysis of enterprise requirements. The IDC MarketScape
report recognition comes on the heels of Zuora’s placement as a leader in other industry reports, including “The Forrester Wave™:
SaaS Billing Solutions, Q4 2019” (November 18, 2019), and the MGI Research “MGI 360 Ratings for Automated Revenue
Management” (October 28, 2019). IDC MarketScape vendor analysis model is designed to provide an overview of the competitive
fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative
and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities
score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of
vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons.
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NORD/LB migrates New York, Singapore and Shanghai branches to Avaloq
Banking Suite
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NORD/LB Covered Bond Bank (CBB), a wholly-owned subsidiary of German Landesbank NORD/LB, has
successfully completed the migration of three group international branches – New York, Singapore and
Shanghai – to the Avaloq Banking Suite. This project builds on an established ten-year relationship between
Avaloq and NORD/LB CBB which selected Avaloq as a strategic partner in 2010 to support its wholesale
and financial markets businesses. The project utilised key Avaloq functionality, allowing for American and
mainland Chinese client entities to be consolidated in one centralised IT operations for the first time.
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TONIK selects Finastra’s core banking solution to power Southeast Asia’s
first pure-play licensed digital bank
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45
Finastra announced that TONIK, the first licensed digital-only bank in Southeast Asia, has selected Fusion Essence in
the cloud to power its end-to-end core banking capabilities. The move will support TONIK as it launches its retail
deposit and customer loans services in the Philippines, giving it agility and the ability to scale quickly. The key
proposition for digital banks is providing a customer experience that traditional banks struggle to offer. This requires
modern, cloud-native technology that facilitates innovation whilst future-proofing investment. For TONIK, Fusion
Essence Cloud will be deployed out of the Microsoft Azure Southeast Asia Region (Singapore Data Center), which
will allow for both low latency and data residency. TONIK will benefit from a low cost of entry into the market, ease
and speed of deployment, and the ability to increase business volumes and diversify its product set cost-effectively. It
will also benefit from ongoing software updates and, in time, access to further innovation via FusionFabric.cloud,
Finastra’s platform for open innovation and the development of applications. European neobanks, including
revverbank and Gravity, are already being powered by Fusion Essence Cloud, and this deployment in Southeast Asia
will help bring the benefits of innovative digital banking to the Philippines.
Description
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Leading Specialized Battery Manufacturer, Eaglepicher, Selects Ifs
Cloud-Based Solution To Power Its Operations
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46
IFS, the global enterprise applications company, announces that EaglePicher Technologies, a leading producer of batteries and energetic devices
for aerospace, defense and medical markets, has chosen IFS Applications™ as its central enterprise resource planning (ERP) system of record.
EaglePicher’s batteries have delivered power for over 2.7 billion hours in space without a single failure. Supplying power to the majority of the
U.S. military’s missiles, munitions and mission-critical systems, the company’s technology can also be found in the Mars lander, military
aviation, underwater vehicles, and life-saving implanted medical devices. EaglePicher needed to replace its legacy business system with a
modern platform that could ensure user efficiency across all mission-critical processes while meeting the stringent requirements for security and
regulatory compliance of a supplier to the U.S. Department of Defense (DoD), including but not limited to International Traffic in Arms
Regulations (ITAR), Defense Federal Acquisition Regulation Supplement (DFARS), and National Institute of Standards and Technology (NIST)
Special Publication 800-171. Following an exhaustive evaluation process that included several global ERP vendors, EaglePicher selected IFS
Applications 10. The solution will be deployed in the IFS Managed Cloud, hosted in the Microsoft Azure Government Cloud and independently
validated to offer full support of all compliance under the NIST cyber security and federal export regulations. The IFS solution will cover an
extensive area of functional capabilities, including manufacturing, inventory, distribution, accounting, financials, supply chain, product data and
lifecycle management, quality management, customer relationship management (CRM), and human capital management (HCM). EaglePicher
will also use IFS Applications for its rigorous process manufacturing environment, including traceability for aerospace, defense and medical
device customers.
Description
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Leading U.S. Natural Fiber And Foam Manufacturer Barnhardt Selects Ifs
Applications In The Cloud
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47
IFS, the global enterprise applications company, announces that Barnhardt Manufacturing Company, a leading producer of natural fiber and
foam products, has chosen IFS Applications™ 10 as its enterprise resource planning (ERP) system of record. A fourth-generation family
business based in Charlotte, NC, Barnhardt owns and operates eight manufacturing facilities across the United States. With a diverse product
line comprising nine different brands, the company needed to consolidate its IT environment, which consisted of a number of disparate systems
that did not cover all mission-crititcal processes. Following a competitive bid that included several global ERP vendors, Barnhardt chose IFS
Applications based on its full suite of capabilities and robust cloud delivery architecture through the Microsoft Azure platform. The IFS solution
will support all parts of Barnhardt’s value chain, from manufacturing, warehousing and product development, project management to financials,
quality management, and maintenance. Barnhardt Manufacturing Company, a privately held, family owned business, was founded in 1900 by
Thomas M. Barnhardt. With corporate headquarters in Charlotte, NC, the Company has additional facilities in Mount Airy, NC, Kinston, NC,
Dalton, GA, Griswoldville, MA, Clearfield, UT and Reno, NV. Its products are distributed globally. From its beginnings as a supplier for buggy
seats and horse collars, Barnhardt has deepened its commitment to fiber based markets with an emphasis on cotton purification. Through
acquisitions, the Company has expanded into the dental, medical, pharmaceutical, beauty, furniture, mattress and carpet padding, foam and
insulation markets. Today, Barnhardt Manufacturing Company operates two divisions: the Barnhardt Natural Fibers Group and NCFI
Polyurethanes. The Natural Fibers Group supplies purified cotton for pharmaceutical packaging, as well as the production of baby and personal
hygiene products such as swabs, cotton balls and rolls, wipes, pads and tampons. Additionally, it manufacturers and markets its own line of
consumable products into the dental, medical and beauty markets. NCFI Polyurethanes produces flexible and specialty urethanes used in
bedding, aircraft, insulation, roofing and geotech markets.
Description
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Israel's Largest Fashion Designer Gets Ready for Festive Shopping Spree
with Infor
For any queries, Please write to marketing@itshades.com
48
Infor, a global leader in business cloud software specialized by industry, announced Delta Galil, Israel's leading textile
manufacturer and marketer, is preparing for the busy festive shopping season by implementing an advanced Infor M3 module
WMS (warehouse management system) from Infor, to help handle online consumer orders. The project, which lasted about six
months, was conducted by Infor partner Intentia Israel. Infor M3 module WMS is integrated with Infor M3, the enterprise resource
planning (ERP) solution that underpins Delta Galil’s manufacturing and supply operations. For several years, Intentia Israel has
been supporting and expanding the Infor M3 solution to meet Delta Galil’s requirements and standards, in collaboration with Delta
Galil’s own information systems department. The project allows Delta Galil to automate, reduce operational costs, and gain
advanced quality control and unprecedented efficiency in item picking and order picking. Furthermore, the project has improved
order management and delivery capabilities by providing complete transparency and visual data analysis of what is happening at
the new distribution center, which includes order monitoring, equipment and collection line workers, through an innovative and
user-friendly application. Intentia Israel is the regional representative of Infor. Intentia offers experienced experts in the field of
ERP, with in-depth knowledge of processes in diverse industries and rich experience in complex cross-organizational computing
projects in Israel and abroad. Intentia Israel's experience and professionalism have earned it numerous Infor excellence awards over
the years.
Description
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TPG Hotels & Resorts Selects Infor Hospitality to Standardize Processes
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49
Infor, a global leader in business cloud software specialized by industry, announced that TPG Hotels & Resorts, a fully accredited
operator and developer of many of the industry’s most respected hotel brands, has selected Infor to standardize property
management systems and provide a single source of data across its independent hotel portfolio. With Infor, the organization will
now have consistency across its property technology platform, making it easier to manage daily processes. TPG Hotels & Resorts
will be able to eliminate previously siloed systems and better manage operations throughout reservations, the front desk,
housekeeping, concierge, and accounting, unifying roles into a single application. Infor Hospitality Management Solutions (HMS)
will provide TPG Hotels & Resorts with a more complete solution for managing multiple hotel functions at seven independent
properties. Specifically, Infor HMS will facilitate faster day-to-day processes, so teams can spend less time navigating technology
and more time concentrating on guests. Infor’s technology designed specifically for hoteliers combines functionality to manage
guests, rooms, rates, reservations and distribution, and will provide independent TPG Hotels & Resorts properties with tools for a
holistic view of every guest, helping staff deliver more precise levels of service on a more consistent basis. Infor HMS is visually
impressive, easy to use, and extremely flexible and configurable. The application can be integrated with additional Infor solutions
and hundreds of third-party products to provide a snapshot of guests and business performance. This allows for a faster and more
seamless flow of data so decision-makers can make more rapid and more accurate business decisions.
Description
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China’s Lingtong Selects Infor as Environmental Sustainability Partner to
Create a Green Exhibition Service Ecosystem
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50
Infor a global leader in business cloud software specialized by industry, announced that Lingtong Exhibition System Co. Ltd. has chosen Infor to be its
eco-friendly partner. Together, they will help raise the bar for environmental sustainability in China’s huge exhibition industry. This will be achieved by
deploying the Infor LN solution to improve Lingtong’s management and operational capabilities, and, ultimately, achieving the goal of building a green
exhibition service ecosystem. In recent years, the exhibition industry has undergone rapid development, a phenomenon that is in line with urbanization
trends. As the industry expands, concerns have grown about high-energy consumption and pollution levels caused by exhibitions. As the earliest
professional company in China to develop and produce exhibition display equipment, Lingtong’s vision is to take “green exhibition service global” and is
committed to “building a green exhibition service ecosystem” worldwide through technology, as well as invest in research and development. Lingtong
provides large-scale exhibition equipment for various industries, comprising quick-to-build, recyclable, safe, and environmentally-friendly materials. The
company is committed to providing customized, environmentally sound construction solutions for different exhibition needs in the future. The continuous
expansion of the exhibition industry has led to environmental issues becoming even more commonplace. With Lingtong’s rapid growth, current
management tools can no longer support the needs of Lingtong’s group operations and business development. Through this partnership, Lingtong and Infor
have pledged to promote better environmental protection and a low-carbon economy, which will help companies embrace green manufacturing. In this
regard, Lingtong and Infor share a common vision to transform and promote Chinese green manufacturing for sustainable market growth. After a thorough
evaluation process, Lingtong chose to deploy the Infor LN solution for operational and business visibility. This will involve many areas, including
procurement, sales, production, finance, and project implementation, and will provide the necessary flexibility that business units require to meet group
management and operational needs. The project is expected to be rolled out in mid-2020.
Description
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Infor Broadens Relationship with Accor
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51
Infor, a global leader in business cloud software specialized by industry, announced that Accor, a global leader in
augmented hospitality, has extended its 13-year relationship with Infor by signing a global agreement to continue
their collaboration with Infor EzRMS revenue management software. The application is currently used at more
than 1,100 properties worldwide. Accor will be able to capitalise on the new functionality of the Infor EzRMS
application such as mobile access, function space revenue management, extended stay optimization and a variety
of pricing methodologies. As part of the agreement, Infor will offer three new packages for different properties
throughout the Accor portfolio. This will enable Infor to continue to help support the global network of dedicated
revenue managers in Accor. This new agreement allows new brands in the Accor portfolio to benefit from Infor
EzRMS, including newly integrated brands. Infor is a global leader in business cloud software specialized by
industry. With 17,300 employees and over 68,000 customers in more than 170 countries, Infor software is
designed for progress.
Description
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Burton Snowboards Selects Infor to Support its Digital Transformation and
Global Expansion
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52
Infor, a global leader in business cloud software specialized by industry, announced that Burton Snowboards has
selected Infor CloudSuite Fashion, an ERP system tailor-made for the fashion industry. Burton also has expanded
its Infor Nexus supply chain management capabilities to optimize inventory across channels, increase its
direct-to-consumer business, operationalize its expansion to global markets, and upgrade its technology footprint
to the cloud. Burton is the world’s leading snowboard company, founded by the late Jake Burton Carpenter in
1977. Burton has been a long-time customer of Infor, leveraging Infor Nexus solutions to connect to its suppliers,
logistics providers and brokers to streamline global trade processes and provide better visibility to supply and
payments. Burton is constantly challenged to manage inventory with seasonal demand and orchestrate products
across a global supply chain. An end-to-end networked ERP solution redefines Burton’s core capabilities and
provides connectivity to suppliers, 3PLs (third-party logistics providers), carriers and other parties for greater
inventory visibility and agility. Infor will enable Burton to standardize enterprise processes and optimize
inventory flow from source to customer across all channels, including direct-to-consumer and e-commerce, while
reducing its legacy technology footprint.
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Israel's Largest Furniture Group Turns to Infor to Integrate its Supply Chain
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53
Infor, a global leader in business cloud software specialized by industry, announced Aminach, Israel's largest furniture company, is
embarking on an enterprise resource planning (ERP) project with Infor M3 . The project, which is being managed by Infor partner
Intentia Israel, will serve 280 users across 46 stores nationwide and the manufacturing site in Israel. Aminach chose Infor M3 (version
13.4) after examining a number of competing ERP solutions with the assistance of a professional consulting company. Infor M3 was
chosen due to the depth of its functionality; the fact it can support both Aminach’s manufacturing and commercial operations and due to
the level of integration between the different modules. Aminach’s business processes were then mapped to meet the synergy
requirements between all technological systems and establishing a standard of organizational work processes and supply chain
management. Infor M3 is expected to provide Aminach with a range of capabilities required by a multi-branch distributed manufacturer
and marketer, such as retail chain store management, item and product infrastructure management, supply chain management,
production planning and management, costing and finance management, as well as technician service system management. The project
will run in two stages. The first phase, which began in May 2019 and expects to complete in January 2020, with the financial module,
network and pricing being embedded in all the company's branches will be connected to an order interface as well as all existing
systems such as inventory and production planning. The second phase, which is scheduled to begin in April 2020 and end in January
2021, will embed production management and supply chain, complete and full branch management capabilities.
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T-Bytes Platforms & Applications

  • 1. IT Shades Engage & Enable T-Bytes Platforms & Applications January Edition 2020 Email us - solutions@itshades.com Website : www.itshades.com
  • 2. IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com About Us Who We are Aim of this T-Byte Reasons to talk to us ITShades.com has been founded with singular aim of engaging and enabling the best and brightest of businesses, professionals and students with opportunities, learnings, best practices, collaboration and innovation from IT industry. This document brings together a set of latest data points and publicly available information relevant for Platforms & Applications. We are very excited to share this content and believe that readers will benefit immensely from this periodic publication immensely. 1. Publishing of your company’s solutions/ announcements in this document. 2. Subscribe to this and other periodic publications i.e. T-Bytes, Solution Letters from ITShades.com. 3. For placement of your company's click-able logo and advertisements. 4. Feedback for us to improve the content and format of these periodic publications.
  • 3. IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com Sponsoring Companies for this Edition LOGO 1 LOGO 2 LOGO 3 LOGO 4 LOGO 5
  • 4. IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com Table of Contents 1. Financial, M & A Updates..................................................................................................................................1 2. Solution Updates................................................................................................................................................13 3. Rewards and Recognition Updates..................................................................................................................28 4. Customer Success Updates...............................................................................................................................44 5. Partnership Ecosystem Updates......................................................................................................................83 6. Miscellaneous Updates.....................................................................................................................................99
  • 5. IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com Financial, M & A Updates Platforms & Applications Industry
  • 6. Financial, M&A Updates IT Shades Engage & Enable AvidXchange raises $260 million to support continued growth AvidXchange, the leading provider of accounts payable (AP) and payment automation solutions for the middle market, announced it has raised $260 million in equity capital as part of the company’s latest financing round. With contributions from TPG Sixth Street Partners and other leading investors, this brings total funding to more than $800 million over the company’s 20-year history. The new capital will fuel AvidXchange’s continued growth and innovation, allowing the company to invest in its solutions for both buyers and suppliers while reaching more customers in the middle market. The funding comes on the heels of a transformational 2019 for the company, as AvidXchange took several steps to propel growth and drive the business toward its next phase. In October, the business launched AvidPay and AvidInvoice for long-term healthcare and social services and in July, the acquisition of BankTEL Systems added nearly 2,000 bank customers to its financial services vertical. The company also hired 175 new teammates in 2019, bringing its total number of employees to more than 1,400 across seven offices, with plans announced for a headquarters expansion that will double its footprint and accommodate an additional 1,200 teammates. Executive Commentary “More than 60 percent of U.S. businesses still pay bills with paper checks, accounting for more than $2.7 trillion in administrative costs annually,” said CEO and Co-Founder of AvidXchange. “We’re shaping the future of the B2B payments industry by fundamentally changing the way businesses pay their bills, providing a single platform for AP and payments with the largest payments network for the middle market.” For any queries, Please write to marketing@itshades.com Description 1
  • 7. Financial, M&A Updates IT Shades Engage & Enable Chetu’s Continued Growth In 2019 Ushers In Monumental 20 Year Anniversary Chetu, the leading developer of world-class, custom software solutions, released details of the company’s growth in 2019, which includes $56.20 million in revenue and 18.19 percent growth, as well as shared projected plans for 2020. Celebrating nearly 20 years of operation, 2019 has proved to be another year of sustained growth for Chetu which broke the $55 million in revenue milestone and achieved another year of double-digit growth. As part of this success, the company expanded its operations and increased its number of dedicated software solution experts to nearly 1,800. Outside of operations, both the sales and marketing teams saw a growth of 21 and 25 percent in personnel respectively. Chetu also augmented its status as a thought leader in over 40 different industries around the world having attended 155 tradeshows and exhibiting at an impressive 258. Lastly, the company capitalized on the increased demand for custom software in Europe by opening its fourteenth office located in Birmingham, England, which serves as the home base for the European and Middle Eastern markets. Executive Commentary “2019 was a record year for our company, and we are incredibly proud of all the team members who helped make it a success,” said Founder and CEO of Chetu. “Generating over $55 million in revenue is a huge milestone for a private company like ours, and we intend to build on this success in 2020 and beyond.” For any queries, Please write to marketing@itshades.com Description 2
  • 8. Financial, M&A Updates IT Shades Engage & Enable Clubessential Holdings Announces Acquisition Of Vermont Systems, Inc. Clubessential Holdings, the leading provider of membership and club-management solutions to the private club, college athletic and health and fitness markets, announced the strategic acquisition of Vermont Systems Inc., the market leader in recreation management software for public entities. Already the major provider of membership and club management SaaS solutions for private clubs, boutique fitness studios, and college athletics, this acquisition expands Clubessential Holdings’ presence to municipal, county, state and federal military public markets. Vermont Systems (VSI), headquartered in Essex Junction, Vermont, specializes in developing software products for managing recreation and parks operations for governmental entities. VSI’s cross-channel technology is designed to create consistent community experiences, enhance loyalty with every interaction, and connect all key activities, employees and customers in one place to create efficiencies and make real connections. Executive Commentary “We’ve been consistently impressed with the people, technology and commitment to outstanding customer experiences behind every interaction we’ve had with Vermont Systems,” said CEO, Clubessential Holdings. “Giles, and his team of dedicated employees, have built a tremendous platform that provides the most comprehensive suite of parks and recreation software solutions to the public markets. We’re pleased to welcome Vermont System’s more than 1,200 customers and 100 employees as a fourth pillar to our family of leading SaaS companies; Clubessential, ClubReady and PrestoSports.” For any queries, Please write to marketing@itshades.com Description 3
  • 9. Financial, M&A Updates IT Shades Engage & Enable Continuity Wraps Up a Strong 2019 with a Strategic Acquisition, the Launch of a New Product and Multiple New Client Signings Continuity, a leader in the development and deployment of compliance change management (CMS) and enterprise risk management (ERM) solutions for regulated financial institutions announced a very strong end to 2019. From September through December, the company executed the acquisition of TraceRisk (now Continuity’s RiskAdvisor™), launched the RegAdvisor® State module and signed numerous new clients as well as long-term client renewals. Many of which have expanded their Continuity product portfolio with the addition of RiskAdvisor and RegAdvisor State. In September, as a response to the evolution of regulatory oversight becoming more state focused than ever before, Continuity launched the RegAdvisor State module. In discussing the launch, Continuity Chief Revenue Officer, David Bagley stated, the “State module was the right tool and the right time. Both sales and customer acceptance took off like a shot.” As of year-end, the majority of all client renewals and new sales included the “State” module in their portfolio of Continuity products.Continuity also saw continued growth in its flagship compliance change management suite, which includes RegAdvisor® Pro and RegControls™, with the signings of multiple new clients. In addition to the many new logos added to the client roster, Continuity continued to strengthen its partnership with existing clients. For example, New Dimensions FCU recently contracted to use the new RiskAdvisor product in addition to other Continuity products in the suite. Executive Commentary “We could not be more pleased with the immediate growth and expansion born out of the acquisition of TraceRisk, now branded as RiskAdvisor,” stated Continuity’s Chief Executive Officer. Nicastro continued, “In what amounted to a twelve-week period over multiple holidays, the Continuity team signed eight RiskAdvisor contracts. The breadth and immediacy of the impact of the transaction has far exceeded our expectations.” For any queries, Please write to marketing@itshades.com Description
  • 10. Financial, M&A Updates IT Shades Engage & Enable IFS Completes Acquisition Of Global Field Service Management Software Provider Astea International IFS, the global enterprise applications company, announces that it has concluded the acquisition of 100% of the shares of global software company Astea International. The transaction, initially announced in October 2019, will enable the combined company to serve more customers in more markets, through a broader network of the best talent and partners in the industry. By combining with Astea, IFS will further expand its global footprint beyond its more than 10,000 customers worldwide, of which 8,000 are in service management. This year alone, IFS has driven significant organic growth of its FSM business, with H1 2019 license revenues increasing by 119% compared to H1 2018. IFS develops and delivers enterprise software for customers around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations. The industry expertise of our people and solutions, together with a commitment to delivering value to every one of our customers, has made IFS a recognized leader and the most recommended supplier in our sector. Our team of 3,700 employees and growing ecosystem of partners support more than 10,000 customers around the world challenge the status quo and realize their competitive advantage. Executive Commentary President of the IFS commented, “Zack and the management team have built a well-established and respected business in Astea. We are very pleased to leverage their expertise and skills to benefit our collective customer base. The service management sector continues to grow at pace faster than that of many other line-of-business applications, and we are in an enviable position in being able to offer our customers the most technically advanced and engaging solutions. This focus will enable customers to use service execution across the entire service lifecycle to create a competitive advantage in how they deliver customer experience and grow their revenue.” For any queries, Please write to marketing@itshades.com Description 5
  • 11. Financial, M&A Updates IT Shades Engage & Enable Infor to Acquire Intelligent InSites Infor, a global leader in business cloud software specialized by industry, announced it has entered into an agreement to acquire Intelligent InSites Inc. Headquartered in Fargo, North Dakota, Intelligent InSites™ is a leading provider of healthcare software and services leveraging location-based intelligence from real-time location systems (RTLS). Intelligent InSites has customers in the U.S. and Australia, including HCA, U.S. Department of Veterans Affairs and Royal Adelaide Hospital. Intelligent InSites provides an enterprise scalable, dynamic, and intuitive location platform used to optimize clinical assets and supplies, streamline patient workflows, and ensure the safety of staff. This acquisition enables Infor to offer an expanded suite of technology for healthcare organizations. The Intelligent InSites solution will complement the Infor CloudSuite Healthcare footprint, enabling support across the continuum of care including clinics, urgent care, emergency departments, inpatient care, procedural care, and behavioral health. Executive Commentary “This acquisition is a great fit for Infor given its focus on IoT and clinically-connected capabilities for healthcare without being tied to a specific RTLS hardware technology,” said Infor CEO. “By pairing location services with our current healthcare offerings, we continue to respond to the industry’s call to connect traditionally business-focused software to the caregiving process. Intelligent InSites’ software allows us to provide our customers with a comprehensive, clinically-connected healthcare operations suite.” For any queries, Please write to marketing@itshades.com Description 6
  • 12. Financial, M&A Updates IT Shades Engage & Enable MRI Software Acquires Lindsey Software to Bolster its Industry-leading Public Housing Property Management and Compliance Solutions MRI Software, a global leader in real estate software solutions, announced the acquisition of Lindsey Software, a leading provider of property management software and services for public and affordable housing organizations in the United States. Lindsey’s comprehensive suite of software and services, designed to help housing agencies optimize operational and administrative processes and fulfill government compliance requirements, will further extend MRI’s existing public housing capabilities to better serve the industry. MRI’s acquisition of Lindsey broadens the reach of its public housing software to provide the industry’s most complete range of applications purpose-built for housing agencies, while adding specialist accounting services to its offering. Lindsey’s cloud-based solution allows property managers to manage tenant payments, maintenance workflows, applications, and communications. In addition, Lindsey’s tenant and employee screening solution is designed specifically for the needs of public housing authorities. Lindsey’s accounting services assist housing agencies in ensuring financial and regulatory compliance with required Housing and Urban Development (HUD) financial reports as well as a variety of other regulatory requirements. Located in Little Rock, Arkansas, Lindsey offers property management solutions designed to ease the workload of public housing managers. For tenants, its software allows 24/7 mobile access and up-to-date tracking of the status of the application process, resident maintenance requests and online rental payments. For housing managers, that means tenants are able to interact around the clock about the things they care most about, without staff having to be personally available. Executive Commentary “Acquiring Lindsey enhances our already extensive public housing offering and represents another important milestone in our goal of providing world-class technology and services that cover the full range of needs for organizations operating in the sector,” says Senior Vice President of Residential Solutions at MRI Software. “Lindsey has been serving the public housing industry for 60 years, and their solutions are being used by more than 700 public housing authorities across the United States, making them a great addition to MRI. With Lindsey’s industry-leading mobile applications and screening and accounting services, we’ll be able to provide public housing authorities with even more tools to better serve their customers.” For any queries, Please write to marketing@itshades.com Description 7
  • 13. Financial, M&A Updates IT Shades Engage & Enable MRI Software Receives Investment to Accelerate Innovation And Global Growth MRI Software, a global leader in real estate software solutions, announces that funds managed by Harvest Partners, LP, a leading private equity firm, are making a substantial strategic investment in the company. Harvest Partners joins existing investors TAAssociates and GI Partners as institutional shareholders in MRI. At the same time, TA Associates is also making a significant new investment in the business. These investments will enable MRI to bolster innovation across its end-to-end offering, accelerate growth, extend its global footprint and deliver on its mission to create an open technology environment for the real estate industry. MRI has more than 8,500 enterprise clients, representing over two million users, who rely on the company’s applications to run their daily real estate operations. MRI has experienced unprecedented growth over the last three years, both organically and through strategic acquisitions, resulting in a more than tripling of the size of the business. Over the same timeframe, the number of MRI employees has more than doubled to 1,450. Executive Commentary MRI’s Chief Executive Officer, comments: “Harvest is an experienced investor with a long-term perspective that will help MRI continue to meet the growing and evolving needs of our clients, innovate our software portfolio and provide world-class global service. We believe the added capital will further the development of our comprehensive software portfolio and allow for strategic add-on acquisitions to meet the needs of a rapidly changing market. Our management team is invigorated to continue our mission in this new decade with the support of these three experienced investors.” For any queries, Please write to marketing@itshades.com Description 8
  • 14. Financial, M&A Updates IT Shades Engage & Enable Sapiens Acquires German-Based Insurtech Sum.Cumo To Expand Its Footprint In The Dach Region Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced that it has acquired sum.cumo, the German-based technology provider that offers disruptive, digital, innovative and consumer-centric solutions mainly to the insurance sector, for up to €28.4 million. Sum.cumo services insurers in the DACH region (Germany, Switzerland and Austria), helping them to set up their business model and obtain a marketing edge. The company’s experts in consulting, user experience, marketing and technology enable the region’s insurers to launch successful e-commerce environments. Named as one of the Insurtech: Hot 100 firms by leading global publisher Intelligent Insurer, sum.cumo was established in 2010 and was formerly owned by die Bayerische Versicherungsgruppe, currently one of its customers. sum.cumo has more than 150 technology and insurance experts, and serves customers in Germany and Switzerland from offices in Hamburg, Düsseldorf and Zurich. The acquisition will enable Sapiens to expand its footprint by offering Sapiens’ complete product and services portfolio in the DACH region, alongside sum.cumo’s offerings. Sapiens will continue to invest in and support sum.cumo’s offerings, and enhance Sapiens’ digital offerings worldwide via sum.cumo’s solutions and expertise. Executive Commentary “Sapiens has implemented a growth strategy that incorporates acquisitions to accelerate our business,” said Sapiens president and CEO. “We are a strategic buyer that acquires companies that fit our mission, vision and culture. sum.cumo met our parameters as one of the most innovative insurtech companies in the region. Penetration into the DACH region has been part of Sapiens’ long-term growth strategy and we have started to gain traction in this region with Sapiens products. With sum.cumo’s local and talented team and customers, we should significantly enhance our presence there.” For any queries, Please write to marketing@itshades.com Description 9
  • 15. Financial, M&A Updates IT Shades Engage & Enable Access extends Order & Warehouse Management solutions with acquisition of Mintsoft Ltd The Access Group, one of the UK’s leading software providers for mid-sized organisations, announced the acquisition of Mintsoft Ltd, a Chelmsford based order and warehouse management solution provider for 3PLs and Multi-Channel Retailers. The business was founded in 2011 by Luke Groves with the goal to establish a UK based market leading business in the order and warehouse management solutions market. The addition of the Mintsoft SaaS based order and warehouse management solutions onto the Access Workspace platform, will yet again enhance the benefits current customers will realise from using the market leading business solution suite. Access already has solutions that deliver for specific segments of the market and the addition of Mintsoft will broaden the scope to additional markets, in particular for those businesses involved in dealing with the rapid growth of e-commerce in their industries. More and more Manufacturers, Multi-Channel Retailers, Logistics Service Providers and 3PLs are looking to benefit from more modern and automated order and warehouse management processes to increase fulfilment accuracy, while at the same time significantly reducing pick times and costly returns. Executive Commentary CEO, The Access Group, commented, “In a recent study the warehouse order picking market was projected to be worth more than nearly £8 billion by 2025, with an estimated CAGR in excess of 10%, predicted across this period. With the order picking process reported to be in excess of 50% of the warehouse operating cost, even a small improvement in this area alone can deliver significant benefit. While we already deliver solutions into specific areas of this market, we expect to be able to capture a significant share of the growth with the extended capabilities and broader market appeal that the Mintsoft solutions bring to Access Workspace. We were extremely impressed by the way Luke and the team have developed a market leading position through the development of excellent products and the delivery of a great customer experience. We look forward to helping them grow that lead even further, as we deliver the Mintsoft solutions on the Access Workspace platform“ For any queries, Please write to marketing@itshades.com Description 10
  • 16. Financial, M&A Updates IT Shades Engage & Enable Visma acquires Circle Software—a leading provider of case management solutions for the public sector in the Netherlands Visma, an established leader in business-critical software for private enterprises and public organisations in the Nordics, Baltics and Benelux, acquires Circle Software, leading provider of cloud software solutions for case management and collaboration in the Netherlands. Visma has grown exponentially in the Dutch market with a number of acquisitions over the last few years, which include Visma Connect, Visma Raet, ProActive, Visma Idella, PinkWeb, HR2day, Dotweb, VerzuimSignaal, PlusPort and Visma Roxit. By acquiring Circle Software, Visma continues its advancement in the Netherlands, with now around €350 million in revenue and over 2 000 employees in this highly strategic region, strengthening its leadership in the European market. Circle Software has grown to become one of the leading public sector software development and implementation experts in the Netherlands, specialising in case management and collaboration solutions. Circle Software will strengthen Visma’s position within eGovernment targeted segments in the Netherlands with solutions that contribute to improving efficiency and productivity for governmental and educational organisations as well as Dutch citizens and students. Circle Software, as part of the Visma group, will continue as an independent entity, but will be rebranded to Visma I Circle within the first year in order to gain synergies from the strong growth and brand development of Visma in the Dutch market. Executive Commentary “We are very pleased that Circle has decided to join the Visma family. Together with Visma Connect and Visma Roxit, Circle will strengthen our position within eGovernment solutions in the Dutch market. Circle is a strong player within the public sector and we believe their values and drive will be a good fit with Visma”, says Division Director of Visma Custom Solutions. For any queries, Please write to marketing@itshades.com Description 11
  • 17. Financial, M&A Updates IT Shades Engage & Enable Yardi Acquires RightSource Compliance Yardi announced the acquisition of RightSource Compliance, a Minneapolis-based software consultant and developer that improves the technology experience for affordable housing providers and provides standout compliance solutions. RightSource has developed a successful software solution to assist clients with meeting complex federal and state affordable housing regulations. RightSource software serves affordable housing providers in all 50 states, and in 2019, the company’s software and services were used to help more than 10,000 families move quickly into affordable housing. RightSource is a technology firm committed to increasing the availability and quality of affordable housing throughout the country by reducing the costs and complexity of compliance. RightSource partners with owners and operators of multifamily real estate to provide software, consulting, training and technology-enabled compliance services for their properties. Together, we help the homeless become housed faster and enable property managers to focus on collecting rents, maintaining the property, and providing resident services by taking away the burden of compliance. Executive Commentary “We’re pleased to welcome RightSource Compliance to the Yardi family,” said Executive vice president for Yardi. “Affordable housing is an important part of our clients’ portfolios and RightSource’s products, services and the expertise of its staff will be a great enhancement to our affordable housing product line.” For any queries, Please write to marketing@itshades.com Description 12
  • 18. IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com Solutions Updates Platforms & Applications Industry
  • 19. Solution Updates IT Shades Engage & Enable Automated Logistics Systems Improves Freight Visibility and Transportation Efficiency with Descartes MacroPoint™ Solution For any queries, Please write to marketing@itshades.com 13 Solution Description Descartes Systems Group the global leader in uniting logistics-intensive businesses in commerce, announced that Jackson, MI-based Automated Logistics Systems (ALS), a full-service freight brokerage and 3PL/managed transportation provider, is improving real-time shipment visibility and operating efficiency through the Descartes MacroPoint™ solution. With one the largest supply chain visibility networks, the cloud-based Descartes MacroPoint freight tracking solution gives carriers, brokers, shippers and logistics service providers, like ALS, real-time visibility into the location, status, and ETA of every load. Organizations can more closely monitor and evaluate the real-time movement of all their freight via one platform and take corrective action before any potential supply chain disruptions occur. Using this robust, automated solution, companies of all sizes can eliminate the need for time-consuming and ineffective check calls with carriers to determine load location details, streamline transportation operations, and improve communication about in-transit freight across the supply chain. Descartes is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. Descartes has over 220,000 connected parties using its cloud-based services. Customers use our modular, software-as-a-service solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world.
  • 20. Solution Updates IT Shades Engage & Enable FinancialForce Delivers Predictive Analytics, Role-Based Workspaces and Next-Gen UX Powered by Latest Salesforce Lightning and Einstein Advances For any queries, Please write to marketing@itshades.com 14 Solution Description FinancialForce, the #1 enterprise professional services automation (PSA) and a customer-centric ERP cloud solution according to G2 Winter 2020 report, announced the general availability of its Fall 2019 Release and the pre-release of its Winter 2020 Release. The releases take full advantage of the latest Salesforce technologies while bringing significant new functionality for both finance and services professionals. New Trend Predictions and Industry-Specific Analytics FinancialForce continues its leadership in the predictive analytics space delivering several new packaged dashboards to help organizations forecast and predict revenue trends with greater confidence and accuracy. These include: • Revenue Trend Predictions Dashboard: empowers finance teams with predictive KPIs for income statement and balance sheet metrics • PSA Billing Forecasting: services professionals gain enhanced forecasting capabilities that support time and materials (T&M) and fixed-fee percentage complete forecasting methods, and a new forecasts comparison dashboard for added flexibility • Subscription Bookings Dashboard: enables SaaS companies to easily track subscription revenue trends over time using advanced visualizations
  • 21. Solution Updates IT Shades Engage & Enable Highjump Unveils Future Of Ecommerce For Supply Chain At NRF 2020 For any queries, Please write to marketing@itshades.com 15 Solution Description HighJump, a global provider of supply chain solutions, showcases the latest for ecommerce at NRF 2020. HighJump provides retailers with the connected, automated supply chain of the future to conquer complexity and deliver upon ever heightening consumer expectations. Consumer demands for purchasing convenience, cost, delivery speed and choice are rising. This requires closer cooperation between retailers and third-party logistics (3PL) and intensified collaboration with brick and mortar operations – all in light of a shrinking workforce. HighJump and its sister companies under Körber Logistics Systems, a provider of diverse supply chain solutions and services spanning eight companies dispersed worldwide, enable this through an unrivaled product portfolio and the support of more than 2,500 logistics experts and partners. Key solutions for ecommerce include: • Warehouse management systems (WMS) that scale and adapt to the needs of small-to-medium-sized businesses (SMBs), global enterprises and 3PLs. The WMSs streamline operations amongst DCs, adjust for seasonality and provide advanced capabilities for reverse logistics. • Warehouse control system (WCS) for seamless integration and management of the latest automation technologies while providing real-time visibility into complex workflows. • Applications for traceability, such as Skytrack, which provide shipment visibility and notifications pivotal for last-mile delivery. • Robotics solutions will empower the integration, design and rapid adoption of autonomous mobile robotics (AMR) through new partnerships with vendors worldwide to extend and evolve operations to meet SLAs - even under SKU proliferation. • Warehouse simulation and design to optimize and assess throughput and plan for next-generation technologies via CLASS. • Voice technology bridges staff and advanced automation technology to enhance operations via one of the world’s largest and most experienced Honeywell Vocollect voice integration teams. • Additional digital capabilities catered to specific needs, such as software solutions for DOM and retail execution, or hardware solutions such as palletizers, layer pickers/sorters and conveyors.
  • 22. Solution Updates IT Shades Engage & Enable Infor Introduces New Solutions for Omni-Channel Retailers and Fashion Brands For any queries, Please write to marketing@itshades.com 16 Solution Description Infor, a global leader in business cloud software specialized by industry, announced a number of solutions designed to help omni-channel retailers and fashion brands optimize their inventories, improve demand and supply planning, boost factory efficiency and help take their fashion products to market faster. The new, machine learning (ML)-driven solutions are generally available (GA) and include Infor Retail Allocation, Infor Omni-Channel Planning for Brands, the latest version of Infor CloudSuite PLM for Fashion, and the Infor Nexus RFID Scan & Pack solution. Infor Retail Allocation leverages Infor Machine Learning to address the challenge of where to position inventory to maximize “full-price” sell-through and minimize markdowns and waste. The solution supports multi-modal fulfillment for all demand types and nodes, including vendors, distribution centers (DCs) and stores. It enables retailers to create a time-phased allocation plan, from launch to clearance, to optimize the lifecycle margin for each product. Infor Retail Allocation is one of the industry’s first allocation solutions to be powered by machine learning and one of the first enabling retailers to replenish distribution centers and allocate to stores in one process. It also is unique in its ability to reduce the labor required in allocation. Infor Omni-Channel Planning for Brands applies machine learning to demand and supply planning to help fashion brands manage their direct-to-consumer channels, alongside their existing wholesale businesses in a solution designed for both types of demand.
  • 23. Solution Updates IT Shades Engage & Enable Atlantic enhances its airborne capability with Teledyne Optech’s new Galaxy T2000 and G2 sensor system For any queries, Please write to marketing@itshades.com 17 Solution Description Teledyne Optech, a Teledyne Technologies company and global leader in lidar sensing, is pleased to announce that Atlantic is first to take possession of the new Optech G2 sensor system, which will accommodate their two Optech Galaxy Prime airborne lidar sensors. Atlantic will also take delivery of three Optech Galaxy T2000 lidar sensors by the end of Q1. The G2/T2000 upgrade purchase will bolster Atlantic’s single-swath pulse density and operational efficiency for forestry, rail, electrical utilities, and other high-density applications. The Galaxy T2000 features a true 2-MHz laser PRF, even greater range performance and further improved scan efficiency. The customizable G2 sensor system incorporates two Prime or T2000 sensors and is configured for adjustable fore and aft pitch to provide optimum vertical surface resolution and ground point density in forestry, corridor and urban projects. Using two T2000 sensors on the G2 will enable Atlantic to survey at a full 4 MHz on the ground and achieve staggering point densities to rival flash lidar capabilities. Teledyne Optech, part of Teledyne Imaging Group, is a world leader in high-accuracy lidar 3D survey systems, integrated cameras, and productivity-enhancing workflows. With operations and staff worldwide, Teledyne Optech offers both standalone and fully integrated lidar and camera solutions for airborne mapping, airborne lidar bathymetry, mobile mapping, terrestrial laser scanning, and mine cavity monitoring, as well as space-proven sensors. Teledyne Optech supports its clients with an around-the-clock team, on-site service, and regular efficiency enhancements to the workflow of its integrated systems.
  • 24. Solution Updates IT Shades Engage & Enable Temenos Delivers Industry First Banking Distribution Services in Temenos Infinity For any queries, Please write to marketing@itshades.com 18 Solution Description Temenos, the banking software company, announced that it has delivered new industry first Banking Distribution Services as part of the award-winning Temenos Infinity digital front-office banking product. Temenos Infinity is the first core-agnostic product to give banks the ability to continuously transform at scale, creating AI-driven customer experiences. Through upgradeable, standalone distribution services banks are able to retain their own apps and digital banking experience but offer deeper personalized customer engagement capabilities. As the first to deliver a packaged, API-driven, digital front-office capability allowing banks to create hyper-personalized experiences while building on cloud-native, cloud-agnostic microservices, Temenos uniquely enables continuous renovation at scale of sales, servicing and marketing capabilities For the largest banks worldwide, requiring an architecture that abstracts the underlying complexity from delivery of personalized service across channels, to small banks wanting to differentiate through innovation and services, Temenos Infinity delivers agility and extensibility to both through its new microservice distribution. Temenos Infinity is available “out-of-the-box” with Temenos Transact or as a package of services for use on any core, in any architecture.
  • 25. Solution Updates IT Shades Engage & Enable Temenos helps new U.S. digital banks go live in 90 days with the most functionally rich and technologically advanced, front-to-back SaaS digital banking offering For any queries, Please write to marketing@itshades.com 19 Solution Description Temenos, the banking software company, launches a front-to-back banking software as a service designed uniquely for the US market – with pre-integrated U.S. banking products and services designed to deliver an outstanding customer experience. Leveraging the power of its Temenos Infinity and Temenos Transact banking products built on its modern cloud-native, cloud-agnostic and API-first technology, Temenos has developed the next-generation SaaS product, enabling new digital banks to launch in the US within 90 days, and grow their business rapidly. According to a recent Economist Intelligence Unit study, challenger banks – whether domestic startups or overseas brands that are now expanding their footprint – are making their presence felt in North America. The study also found that the number of banks choosing to develop new greenfield initiatives in the region has increased from 13% in 2018 to 29% in 2019, coming closer to the worldwide average of 36%. Temenos U.S. SaaS product is ideal for neo and digital banks in the US seeking to dramatically reduce their time to market, operational complexity and cost. The Temenos U.S. SaaS offering provides new digital banks with a superior omnichannel front-to-back solution that delivers fully configured banking products and services, including support for conversational interfaces, artificial intelligence, augmented reality, and wearable technologies. This gives an exceptional customer experience that allows digital banks to open new accounts seamlessly through all digital channels. Temenos US SaaS product allows new digital banks to come to market quickly, acquire customers fast, reduce customer onboarding time, and grow share of wallet and revenues fast. Onboarding new customers is seamless and frictionless – and can be completed in a matter of minutes.
  • 26. Solution Updates IT Shades Engage & Enable Wolters Kluwer CCH Tagetik provides transformative reporting, budgeting and planning suite for education resource leader For any queries, Please write to marketing@itshades.com 20 Solution Description CCH Tagetik, part of Wolters Kluwer Tax & Accounting, a global provider of market-leading software solutions and information services for finance professionals has implemented a transformative suite of reporting, budgeting and planning processes for Discovery Education, the USA-based global leader in standards-based digital content and resources for students from kindergarten through high school. The leader in standards-aligned digital curriculum resources, engaging content, and professional learning for K-12 classrooms, Discovery Education spun out from Discovery, Inc. in 2018. At that time, Discovery Education was operating a manual spreadsheet-based budgeting and planning process. The company sought to automate and extract far more information from its data, particularly in terms of HR planning since this accounts for a significant percentage of its annual expenditure budget. It was also essential for them to rationalize the use of different exchange rates since Discovery Education operates globally and transacts in different currencies. Decisive points of differentiation compared with competitors included CCH Tagetik’s implementation strategy, which involved co-building the system with the client’s finance team, rather than the IT department, and providing case study examples along the way to illustrate best practice and the ability to evolve with changing needs over time.
  • 27. Solution Updates IT Shades Engage & Enable SugarCRM Launches Renewals Console, a Game-Changer for Subscription-Based Businesses For any queries, Please write to marketing@itshades.com 21 Solution Description SugarCRM Inc.®, the company that enables organizations to create customers for life, announced its Winter ‘20 release, showcasing a new renewals console, along with additional features designed to improve the lead funnel, increase renewal rates for recurring revenue models, and optimize first-response resolution rates inside customer support centers. The Renewals Console, a feature within Sugar Sell, is a significant differentiator for Sugar. Where other CRMs require extensive customization or third-party integration for duration-based renewable services, Sugar is providing this feature as core functionality. Other highlights of the Winter ‘20 release include: • Sugar Market improves email bot click detection, allowing marketers to better understand prospect interactions by differentiating between bot and human traffic. Marketers get a more accurate picture of email campaign response rates, ensuring reliable marketing spend on activities that drive real engagement. • Sugar Serve provides valuable time-aware case tracking allowing customer service leaders to optimize team productivity by uncovering which types of cases require the most attention. Customer Service organizations can set up simple to complex business rules to measure and monitor first response SLAs and ensure customers’ SLA requirements are met. • Rounding out the release is the rollout of Sugar tagging on Sugar Mobile. Users can now create new tags, remove existing ones, and search by tag from their mobile device.
  • 28. Solution Updates IT Shades Engage & Enable PNC Treasury Management Makes Business Transactions Easier With Automated Real-Time Payment Solution For any queries, Please write to marketing@itshades.com 22 Solution Description PNC Treasury Management announced it now offers automated Request For Payment (RFP) capabilities as part of the PNC bill distribution and payment platform, PayerExpress. This capability generates automated RFPs, allowing payers the opportunity to pay with certainty and billers to reconcile payments in real-time. PNC collaborated with Transactis, a Mastercard company and leading billing and payment solutions provider, to build this capability. Automated RFP generation provides suppliers with a streamlined process for conducting transactions and most importantly, reconciling payments. It also allows buyers the opportunity to address time-sensitive payments that are required to maintain supply chain flows and complex distribution networks, as well as providing more control over payment terms. This capability automates a manual, complicated process, allowing both buyers and suppliers to improve operational efficiency and eliminate risk, ultimately, keeping their business moving. PNC Treasury Management has invested in an omni-payment ecosystem to provide clients seamless options that meet a variety of business needs. PNC was one of the early adopters of RTP when the system launched in November 2017, and now allows clients to receive and send funds and optional remittance information into accounts within seconds of payment initiation. In addition to comprehensive payment solutions, PNC also has developed innovative treasury management receivables services.
  • 29. Solution Updates IT Shades Engage & Enable Veeva Introduces New Application to Speed Payments to Clinical Research Sites For any queries, Please write to marketing@itshades.com 23 Solution Description Veeva Systems introduced Veeva Vault Payments, a new add-on application for Veeva Vault CTMS that manages the payment and reimbursement process to clinical research sites. Vault Payments automates payment tracking and provides complete financial visibility across study partners. Now sponsors and CROs can speed payments to sites and provide full transparency into payment status and schedules, all within their Vault CTMS workflow. Vault Payments is now available and three early adopter customers already have implementations underway. Manual processes and fragmented systems often delay payments, leading to high dissatisfaction among clinical research sites. With Vault Payments, sponsors and CROs can automatically match clinical activities with a site’s fee schedule to pay sites faster with greater visibility and accuracy. Vault Payments leverages study information such as patient visits, procedures, and milestones in Vault CTMS to create payable items and payment requests for a specific study or site. Customers have the flexibility to configure fee templates and schedules, make adjustments on-the-fly, and generate payments for multiple sites in every country, all at once. Seamless integration with Vault CTMS enables sponsors and CROs to streamline and automate payment processes within their existing trial management activities and workflow to ensure sites get paid on-time. Real-time reports also give sites a complete view of all upcoming payments. Vault Payments is part of the Veeva Vault Clinical Suite, the industry’s first and only suite of unified clinical operations applications for CTMS, eTMF, study start-up, and payments on a single cloud platform. Vault Clinical Suite enables companies to eliminate system silos, streamline end-to-end trial processes, and improve collaboration across sponsors, CROs, and clinical research sites.
  • 30. Solution Updates IT Shades Engage & Enable Veeva SiteVault Free Now Available to Simplify Study Execution at Clinical Research Sites For any queries, Please write to marketing@itshades.com 24 Solution Description Veeva Systems introduced the availability of Veeva SiteVault Free, a free eRegulatory solution for clinical research sites. Veeva SiteVault replaces manual and paper-based regulatory processes by providing a modern cloud application to manage investigator site files in compliance with 21 CFR Part 11 and HIPAA requirements. With SiteVault Free, all sites now have access to advanced technology that reduces administrative burden and speeds study execution. Veeva SiteVault simplifies regulatory document management and processes with capabilities such as electronic signatures, remote monitoring, certified copy workflows, and reporting. The application can be used for all trials regardless of what technology sponsors are using, as well as the site file for investigator-initiated trials. Veeva SiteVault Free supports an unlimited number of studies, documents, and users and comes with customer support. SiteVault is also available in an enterprise edition, which is fully configurable and includes open APIs for integrations, customized reports, and tailored workflows. Veeva SiteVault is built on the proven clinical operations technology used by more than 200 sponsors, including 12 of the top 20 global biopharma companies. In other news today, Veeva introduced Veeva Vault Payments, new add-on application for Veeva Vault CTMS that enables sponsors and CROs to speed payments and reimbursements to clinical research sites.
  • 31. Solution Updates IT Shades Engage & Enable New MapleMBSE release from Maplesoft improves workflow of systems engineering process For any queries, Please write to marketing@itshades.com 25 Solution Description Maplesoft announced a new release of MapleMBSE, the software that enables companies to employ a Model-Based Systems Engineering (MBSE) process within their design projects without requiring every stakeholder on the project to be an expert in complex MBSE tools. The latest release, MapleMBSE 2020, offers improved workflow for creating and documenting models. MapleMBSE provides a streamlined, Excel®-based interface to the systems model with task-specific views for editing the model directly, thereby ensuring consistent information and knowledge sharing across the design group. The familiar Excel interface enables subject matter experts to obtain and analyze the information they need to make decisions, and to feed the results back into the model. By eliminating the need to funnel everything through a small number of systems engineering tool experts, MapleMBSE democratizes the engineering process and significantly reduces the overhead, time, and errors that typically come with using a standard systems engineering tool. The new release provides more flexibility in working with the model, including the ability to view and edit previous revisions of the model easily to support experimentation and “what if” scenarios, to revert changes and return to a previous state, and to create, view, and modify documentation for model elements for improved transparency and traceablity. In addition, improved performance means the time to load a MapleMBSE model has been significantly reduced. In addition to connectivity with Teamwork Cloud from No Magic, which allows customers to seamlessly access models created in a number of different tools, including MapleMBSE, MagicDraw®, and Cameo® Systems Modeler, the new release also has ability to integrate MapleMBSE with the latest release of IBM® Rational® Rhapsody, as well as other SysML-based tools.
  • 32. Solution Updates IT Shades Engage & Enable Yardi Matrix Documents Supply’s Effect on U.S. Self Storage Industry For any queries, Please write to marketing@itshades.com 26 Solution Description New supply continues to depress U.S. self-storage street rates, which dropped in about 75% of the top markets that Yardi® Matrix tracked in November 2019. Street rates for standard 10×10 non-climate-controlled units fell 1.7% year-over-year in November. The drop for similar-size climate-controlled units was even steeper. Only Las Vegas, Los Angeles and California’s Inland Empire among the 31 top markets had year-over-year rate growth in both unit categories. Self-storage projects under construction or in the planning stages accounted for 9% of the total nationwide stock in November, a 0.2% month-over-month increase. “Ongoing heightened completion levels continue to weigh on street rates and the storage industry is in for a continued tough slog,” the report says. Download the Yardi Matrix national self-storage report for December 2019 to learn why New York City saw a big increase in development activity in November, which metros had the highest and lowest street rates, and more. Yardi Matrix offers the industry’s most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, student housing, industrial, office and self storage property types.
  • 33. Solution Updates IT Shades Engage & Enable Zycus Transforms the CLM Landscape with Contract Metadata BOT Powered by the Zycus Merlin Artificial Intelligence Platform For any queries, Please write to marketing@itshades.com 27 Solution Description Zycus Merlin AI Platform lets you utilize the latest innovation and techniques around artificial intelligence, machine learning, and robotic process automation across the entire Source-to-Pay suite. With its pioneering technology, the Zycus Contract Metadata Extraction Bot will enable customers to automate a very manual process and provide a high degree of efficiency and process compliance. The Zycus Merlin Contract Metadata Extraction Bot has the ability to identify standard metadata (like Contracting Party, Effective Date, Expiry Date, Contract Title, Currency, Payment Terms, Contract Value, Renewal Terms, etc.) and customer specific metadata from different types of contracts like commercial and sales contracts, vendor agreements, leases, NDAs, purchase agreements, SOWs, MSAs, etc. The contracts can be uploaded as machine readable documents or even as scanned images, with a very high degree of accuracy. The Merlin AI BOT is strongly integrated with the Zycus iContract application and thus allows Zycus customers to run the BOT from the CLM application or easily take the extracted metadata into Zycus iContract. However, other customers can also leverage the benefits of Merlin to integrate the extracted data into their non-Zycus contract applications. The Merlin iContract Metadata extraction BOT will have a tremendous impact on the CLM space as it will significantly reduce the extraction time, improve accuracy, and enable practitioners to take better decisions based on well-classified, cleaner data.
  • 34. IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com Rewards & Recognition Updates Platforms & Applications Industry
  • 35. R & R Updates IT Shades Engage & Enable Adaptive Insights, a Workday Company, is Recognized as a November 2019 Gartner Peer Insights Customers’ Choice for Cloud Financial Planning and Analysis Solutions For any queries, Please write to marketing@itshades.com 28 Adaptive Insights, a Workday company, has been named a November 2019 Gartner Peer Insights Customers’ Choice for Cloud Financial Planning and Analysis Solutions. Gartner defines Cloud Financial Planning and Analysis (FP&A) solutions as those that “support the office of finance's budgeting, planning, and forecasting efforts. Many also supplement the office's budgeting and planning process support with modeling, collaboration analytics, and performance-reporting capabilities, all of which enhance finance’s ability to manage performance by linking corporate strategy and execution.” In addition to being recognized by its customers, Adaptive Insights has also received the highest score for product or service for Upper Midsize Organizations in the 2019 Gartner Critical Capabilities for Cloud Financial Planning and Analysis Solutions report. The report provides insight into providers’ product and service offerings based on key capabilities. Adaptive Insights was also positioned as a Leader for the third time in the 2019 Gartner Magic Quadrant for Cloud Financial Planning and Analysis Solutions. The November 2019 Gartner Peer Insights Customers’ Choice distinction is based on feedback and ratings from end-user professionals who have experience purchasing, implementing, and/or using the product or service. Adaptive Insights received the same distinction in the same category in April 2019. Adaptive Insights believes that its distinction is based on excellent customer satisfaction, high-performance modeling capabilities, and ease of use experience. Customers rated Adaptive Insights with a 4.6 out of 5 for the Financial Planning and Analysis Solutions market based on 216 ratings (source: Gartner Peer Insights, as of January 13, 2020). R&R Description
  • 36. R & R Updates IT Shades Engage & Enable Finastra named best global trade finance software provider For any queries, Please write to marketing@itshades.com 29 Finastra has been named best global trade finance software provider by Global Finance at the Trade Finance Awards 2020. The accolade was announced at an awards ceremony held at the BAFT Global Annual Meeting in Frankfurt last week. It recognizes Finastra for its innovative technology in the trade and supply chain finance space. The editorial review board of Global Finance selected the best trade finance providers based on entries from banks and others, as well as input from industry analysts, corporate executives and technology experts. Criteria for choosing the winners included: transaction volume, scope of global coverage, customer service, competitive pricing and innovative technologies. Finastra’s trade and supply chain finance solutions power over 200 trade finance banks around the world, enabling corporate banks to adapt, with intelligence, insight, and innovation at the core, in line with ever-changing client demands. R&R Description
  • 37. R & R Updates IT Shades Engage & Enable Flexera is Honored in Built In Chicago’s Best Places to Work for List in 2020 For any queries, Please write to marketing@itshades.com 30 Flexera, the software company that helps organizations realize technology’s power to accelerate their business, announced it was included on Built In Chicago’s list of Best Places to Work in Chicago, Best Paying Companies in Chicago and Companies with the Best Benefits in Chicago for 2020. Companies are selected based on data submitted by companies and their employees. Flexera helps executives succeed at what once seemed impossible: getting clarity into, and full control of, their company’s technology “black hole.” From on-premises to the cloud, Flexera helps business leaders turn IT insights into action. With a portfolio of integrated solutions that deliver unparalleled technology insights, spend optimization and agility, Flexera helps enterprises optimize their technology footprint and realize IT’s full potential to accelerate their businesses. For over 30 years, our 1,300+ team members worldwide have been passionate about helping our more than 20,000 customers fuel business success. Working in tech is a way of life. Built In helps people live it with purpose. Across the most vibrant tech hubs in the US, Built In helps tech professionals stay on top of tech news and trends, expand their networks and carve out futures at companies they believe in. Built In attracts a niche audience of 1 million tech professionals every month and, in 2019, the company hit a milestone, serving 1,100 companies annually. Built In recently launched BuiltIn.com, a national hub for tech trend coverage and resources to help professionals grow in their careers. R&R Description
  • 38. R & R Updates IT Shades Engage & Enable Inspired eLearning Named a Leader at the 2019 Summit Emerging Media Awards For any queries, Please write to marketing@itshades.com 31 Inspired eLearning is a Leader Award winner in the 2019 Summit Emerging Media Award competition for their instructional training video, Dial V for Vishing. The Summit Emerging Media Award competition is based on the foundation that advertising is consistently at the forefront of the technological evolution of communication. It was created to identify the world’s marketing communication pioneers – those pushing the bounds of the communication badlands. Since 1994, the Summit Awards organization has been dedicated to furthering excellence in the communications industry. It administers three distinguished award competitions throughout the year with the goal of raising the awareness of companies and individuals who have the creative and marketing talent to go beyond the ordinary. During the 2019 event, judges analyzed submissions and selected only 6% to receive an award. A truly international competition, the Summit Emerging Media Award received submissions from the following eight countries including Australia, Bahrain, Canada, India, Italy, Sri Lanka, United Arab Emirates, United Kingdom, and the United States. Inspired eLearning was the most awarded security awareness company of 2018 and 2019, winning a combined 81 awards. R&R Description
  • 39. R & R Updates IT Shades Engage & Enable Inspired eLearning Wins Three Awards at the 2020 AVA Digital Awards For any queries, Please write to marketing@itshades.com 32 Continuing on the heels of a record-setting 2019, Inspired eLearning kicks off the new year by winning three AVA Digital Awards. The company’s microlearning videos, Tales from CPU City Tailgating and Fake News earned Platinum awards while Tales from CPU City Cryptojacking took home the Gold award in the Web-Based Production/Short Form Category. Inspired eLearning designs its training content with the end user in mind to help reinforce learnings from the training, increase retention, and promote positive behavior that ultimately reduces your company’s overall risk to today’s most threatening cyberattacks. AVA Digital Awards is administered and judged by the Association of Marketing and Communication Professionals (AMCP). The international organization consists of several thousand production, marketing, communication, advertising, public relations, and freelance professionals. AMCP administers recognition programs, provides judges, and rewards outstanding achievement and service to the profession. Judges are industry professionals who look for companies and individuals whose talent exceeds a high standard of excellence and whose work serves as a benchmark for the industry. R&R Description
  • 40. R & R Updates IT Shades Engage & Enable Sage Intacct named a Leader in IDC MarketScape report on Worldwide Subscription Management Applications For any queries, Please write to marketing@itshades.com 33 Sage the market leader in cloud business management solutions, announced that Sage Intacct was named a Leader in the new IDC MarketScape: Worldwide Subscription Management Applications 2019–2020 report. Download an excerpt of the IDC MarketScape report with analysis on Sage Intacct. The need for subscription management applications has exploded as business models shift from products to subscription services. The solutions that many organizations are using were built for a transactional, product-based businesses and don’t solve the needs of subscription-based businesses. Additionally, ASC 606 and IFRS15 bring new standards and increased complexity and cost, especially for companies with a variety of revenue streams. Sage Intacct is a cloud-based ERP system focused on medium-sized businesses. Native integration to Salesforce and robust subscription revenue management and contract and subscription billing modules connect the customer lifecycle in one subscription system of record from quote to performance obligations, billing, revenue recognition, GAAP and SaaS reporting, and financial forecasting. Additionally, Sage Intacct enables companies to unify their billing across perpetual, SaaS, usage, and services. With one subscription system of record across their customers’ lifecycle, businesses can more easily scale their organizations, accelerate cash flow, and comply with regulations R&R Description
  • 41. R & R Updates IT Shades Engage & Enable IT Authorities Appears On The Inc. 5000 For The Seventh Time! For any queries, Please write to marketing@itshades.com 34 Inc. magazine just revealed that IT Authorities is No. 1667 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000. Not only have the companies on the 2019 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years. The annual Inc. 5000 event honoring the companies on the list will be held October 10 to 12, 2019, at the JW Marriott Desert Ridge Resort and Spa in Phoenix, Arizona. As always, speakers include some of the greatest innovators and business leaders of our generation. R&R Description
  • 42. R & R Updates IT Shades Engage & Enable Two-Time Honoree! Jade Global Recognized for Fast Growth Among Silicon Valley and Philadelphia Enterprises For any queries, Please write to marketing@itshades.com 35 Jade Global has been recognized for fast growth by both the Silicon Valley Business Journal and the Philadelphia Inquirer. Each of the prestigious designations below were awarded to Jade Global and other winners based on percentage net revenue growth over three years, from 2016 to 2018. The Silicon Valley Business Journal simultaneously released its edition of the “Fastest Growing Private Companies in Silicon Valley with less than $50 million in 2018 revenue” during an October 24th award ceremony at the Club Auto Sport Event Center in San Jose, California. The Philadelphia100® is a merit-based program that recognizes the fastest growing, privately-held companies in the Greater Philadelphia Region. Over 1,500 companies were considered for the 2019 Philadelphia 100 List. Jade Global’s #85 ranking was revealed among 500 guests at the Philadelphia 100 awards ceremony on October 24th at The Crystal Tea Room in Philadelphia. As part of the 100 companies selected, Jade Global featured in the October 2019 issue of the Philadelphia Inquirer. Over the past year, Jade Global has celebrated a variety of wins, exposure and company success. In addition to these incredible feats, Jade Global earned a spot on Inc. magazine’s prestigious Inc. 5000 list of the nation’s fastest growing and most successful independent businesses for the 9th consecutive year. Jade Global ranked 3905 in on this year’s 38th annual Inc. 5000 list. R&R Description
  • 43. R & R Updates IT Shades Engage & Enable Oracle Recognized as Leader in Risk Management For any queries, Please write to marketing@itshades.com 36 For the fourth consecutive year, Oracle Financial Services has been ranked in the top three of the annual Chartis RiskTech100®. Compiled by industry research group Chartis Research, RiskTech100® ranks the world’s top 100 providers of risk management and compliance technology solutions that meet the needs of both financial and non-financial organizations. Oracle ranked first in the categories of Core Technology, which looks at a vendor’s overall technology stack by benchmarking it against the latest best practices, and Data Integrity and Control, which reviews a vendor’s ability to maintain data quality, a key differentiator for Oracle. Oracle also received an honorable mention in the categories of asset and liability management (ALM), financial crime/anti-money laundering (AML), risk and finance integration, and risk data aggregation and reporting. This announcement comes after Oracle was ranked as a category leader in the Chartis RiskTech Quadrant® for AML/watchlist monitoring solutions earlier this year. A pioneer in modern risk and finance, Oracle Financial Services Analytical Applications product suite is used by many Global Systemically Important Financial Institutions (SIFI). In September 2019, AsiaRisk (owned by Infopro Digital SAS) ranked Oracle’s ALM solution as Product of the Year for its value add to end users from an innovation and risk perspective. AsiaRisk specifically noted its ability to help bank officers across the organization gain a better understanding of the risks they have assumed and sensitivity in economic conditions. R&R Description
  • 44. R & R Updates IT Shades Engage & Enable Oracle Achieves DISA Impact Level 5 Provisional Authorization for Oracle Cloud Infrastructure For any queries, Please write to marketing@itshades.com 37 Following closely on the heels of Oracle achieving FedRAMP authorization, Oracle announced three new government regions: Ashburn, Virginia; Phoenix, Arizona; and Chicago, Illinois. These regions have achieved DISA Impact Level 5 provisional authorization (IL5 PATO), providing a cloud environment where U.S. Department of Defense (DoD) and other Federal customers can harness the power of Oracle Cloud to unlock innovation, improve mission performance, and enhance service delivery. This is an important milestone in Oracle’s journey to deliver innovative cloud services with consistent high performance and exceptional security to the entire U.S. government. In 2020, Oracle plans to bring additional full-scale Gen 2 Cloud Regions online to support the classified missions of the US Government. Oracle has been a long-standing strategic technology partner of the U.S. government. Today, more than 500 government organizations take advantage of Oracle’s industry-leading technologies and superior performance. State, local, and federal government customers using Oracle to modernize their technology include Defense Manpower Data Center (DMDC) and the U.S. Air Force. The Department of Defense recently awarded a contract to Oracle for its Oracle Cloud Infrastructure to support a large portion of the enterprise human resource portfolio. The award modernizes existing infrastructure and will assist the Defense Manpower Data Center in providing necessary human resource services and capabilities to its military members, veterans and their families. With Oracle Cloud Infrastructure, customers benefit from best-in-class security, consistent high performance, simple predictable pricing, and the tools and expertise needed to bring enterprise workloads to cloud quickly and efficiently. In addition, Oracle now provides organizations with a complete set of solutions for any high performance computing (HPC) workload, enabling businesses to capitalize on the benefits of modern cloud computing while enjoying performance comparable to on-premises at a lower cost. R&R Description
  • 45. R & R Updates IT Shades Engage & Enable SAP Recognized by Bloomberg Gender-Equality Index for Second Consecutive Year For any queries, Please write to marketing@itshades.com 38 SAP SE has been selected for inclusion in the Bloomberg Gender-Equality Index (GEI) in 2020, the second consecutive year that the company has received this recognition. The Bloomberg GEI recognizes companies committed to transparency in gender reporting and advancing women’s equality. Gender equality is a core company value at SAP and a priority for becoming the most inclusive software company on the planet and maintaining its competitiveness. SAP set out to increase women in management in 2011 by establishing a target of having 25 percent women in leadershipby 2017, and 30 percent by 2022. SAP hit its goal of 25 percent women in leadership six months ahead of schedule in June 2017, and as of December 2019 it reached 26.4 percent. The inclusion in the 2020 Bloomberg Index follows SAP’s recertification for Economic Dividends for Gender Equality (EDGE), a global standard, in October 2018. Bloomberg’s Gender-Equality Index uses a standardized reporting framework that provides public companies with the opportunity to disclose how they promote gender equality in four separate areas: company statistics, policies, community engagement and products and services. Companies that score above a globally established threshold are included in the GEI. The index helps meet the demand from a growing number of investors to incorporate environmental, social and governance data into their daily investment decisions. Currently only 10 percent of eligible companies disclose their workplace gender policies and practices. Over the last few years, the number of women hired and promoted at SAP, together with the percentage of women in leadership positions across the company, has been on an upward trend. R&R Description
  • 46. R & R Updates IT Shades Engage & Enable Sapiens Wins An Xcelent Award For Its Advanced Life & Pension Technology In Emea For any queries, Please write to marketing@itshades.com 39 Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced that it has won Celent’s XCelent award in the “advanced technology” category in the EMEA region with its Sapiens CoreSuite for Life & Pension offering. This marks the ninth Celent XCelent award Sapiens has received, with six of those recognizing Sapiens in the EMEA region. Sapiens CoreSuite is a cloud-ready solution designed to provide excellence in the administration of insurance business, facilitate digital transformation and fast time-to-value for digital strategies, and create greater efficiency via legacy consolidation. Research and consulting firm Celent analyzed 37 policy administration systems for life & pension available in Europe, the Middle East and Africa, publishing its findings in its recent report: “EMEA Policy Administration Systems 2019: Life, Annuities, And Pension ABCD Vendor View.” Only insurance software vendors with at least three customers in production with the current version of the system, at least one sale to a new customer within the past two years and participation by at least three reference customers were included in Celent’s framework for evaluating vendors (the “Celent ABCD Vendor View”). Sapiens CoreSuite for Life & Pension is our flagship solution designed to provide excellence in administration of insurance business, facilitate digital transformation and fast time-to-value for digital strategies, and create greater efficiency via legacy consolidation. This end-to-end, core policy administration solution supports the complete policy lifecycle across a wide variety of products in the life & pension industries. R&R Description
  • 47. R & R Updates IT Shades Engage & Enable SurveyMonkey Consistently Ranked on Fortune’s Best Workplaces in the Bay Area For any queries, Please write to marketing@itshades.com 40 SurveyMonkey was honored by Fortune and Great Place to Work® as one of the 2020 Best Workplaces in the Bay Area. Making the list for a third consecutive year, SurveyMonkey continues to build a culture that excels in one of the nation’s most competitive markets. This recognition follows SurveyMonkey's streak of recent local milestones. In 2019, the company made a key acquisition of San Francisco-based GetFeedback, a top-rated feedback solution for Salesforce, to further scale its enterprise customer experience management offerings for brands that want to boost customer retention and loyalty by surfacing insights and acting on important feedback. Along with the opportunities to help more than 335,000 global organizations and 5,346 enterprise customers to gather crucial insights, SurveyMonkey also offers industry-leading employee benefits including more inclusive family planning benefits, extended bereavement leave, and the extension of benefits to vendors and contractors. This month, SurveyMonkey will begin offering mental health benefits to its employees. The Best Workplaces in the Bay Area is one of a series of rankings by Great Place to Work and Fortune based on employee feedback from Great Place to Work-Certified™ organizations. The ranking considered R&R Description
  • 48. R & R Updates IT Shades Engage & Enable SurveyMonkey Consistently Ranked on Fortune’s Best Workplaces in the Bay Area For any queries, Please write to marketing@itshades.com 41 SurveyMonkey was honored by Fortune and Great Place to Work® as one of the 2020 Best Workplaces in the Bay Area. Making the list for a third consecutive year, SurveyMonkey continues to build a culture that excels in one of the nation’s most competitive markets. This recognition follows SurveyMonkey's streak of recent local milestones. In 2019, the company made a key acquisition of San Francisco-based GetFeedback, a top-rated feedback solution for Salesforce, to further scale its enterprise customer experience management offerings for brands that want to boost customer retention and loyalty by surfacing insights and acting on important feedback. Along with the opportunities to help more than 335,000 global organizations and 5,346 enterprise customers to gather crucial insights, SurveyMonkey also offers industry-leading employee benefits including more inclusive family planning benefits, extended bereavement leave, and the extension of benefits to vendors and contractors. This month, SurveyMonkey will begin offering mental health benefits to its employees. The Best Workplaces in the Bay Area is one of a series of rankings by Great Place to Work and Fortune based on employee feedback from Great Place to Work-Certified™ organizations. The ranking considered more than 33,000 employee surveys from companies across the San Francisco Bay Area. SurveyMonkey was also ranked in 2019 as one of the Best Workplaces in Technology and Best Small & Medium Workplaces by Great Place to Work and Fortune. R&R Description
  • 49. R & R Updates IT Shades Engage & Enable Unit4 Recognized in Latest Market Guide for Service-Centric Cloud ERP Solutions For any queries, Please write to marketing@itshades.com 42 Unit4, the industry leader in next-generation enterprise application software for people-centered organizations, has been named as a Representative Vendor in Gartner’s latest Market Guide for Service-Centric Cloud ERP Solutions. This news comes following Unit4’s commitment to the strategic concept of “People Experience” to meet today’s changing work environment – particularly for service-oriented organizations. Unit4’s investment towards this new concept is evidence of the company’s commitment to growing its offerings to suit the varying needs of its service-centric customers. Several vendors claim to provide service-centric cloud ERP products, but their suitability varies by prospective customer size, geographic presence and industry. As such, we believe this report is intended to educate ERP decision-makers in better understanding the competitive landscape of this growing market. R&R Description
  • 50. R & R Updates IT Shades Engage & Enable Zuora Recognized As A Leader In The Idc Marketscape For Subscription Management Applications For any queries, Please write to marketing@itshades.com 43 Zuora, Inc., the leading cloud-based subscription management platform provider, announced that it was recognized for the second time in a row as a Leader by the IDC MarketScape[1]. The new IDC MarketScape: Worldwide Subscription Management 2019-2020 Vendor Assessment recommends to consider Zuora® when “you need a comprehensive subscription management offering for companies of all sizes and industries.” The report, IDC MarketScape: Subscription Management Applications (doc #US44867519, January 2020), gives an overview of the market and assesses 13 key subscription management service providers. The report’s assessment is based on current and future capabilities with a view of presenting the most comprehensive analysis of enterprise requirements. The IDC MarketScape report recognition comes on the heels of Zuora’s placement as a leader in other industry reports, including “The Forrester Wave™: SaaS Billing Solutions, Q4 2019” (November 18, 2019), and the MGI Research “MGI 360 Ratings for Automated Revenue Management” (October 28, 2019). IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons. R&R Description
  • 51. IT Shades Engage & Enable For any queries, Please write to marketing@itshades.com Customer Success Updates Platforms & Applications Industry
  • 52. Customer Success Updates IT Shades Engage & Enable NORD/LB migrates New York, Singapore and Shanghai branches to Avaloq Banking Suite For any queries, Please write to marketing@itshades.com NORD/LB Covered Bond Bank (CBB), a wholly-owned subsidiary of German Landesbank NORD/LB, has successfully completed the migration of three group international branches – New York, Singapore and Shanghai – to the Avaloq Banking Suite. This project builds on an established ten-year relationship between Avaloq and NORD/LB CBB which selected Avaloq as a strategic partner in 2010 to support its wholesale and financial markets businesses. The project utilised key Avaloq functionality, allowing for American and mainland Chinese client entities to be consolidated in one centralised IT operations for the first time. Description
  • 53. Customer Success Updates IT Shades Engage & Enable TONIK selects Finastra’s core banking solution to power Southeast Asia’s first pure-play licensed digital bank For any queries, Please write to marketing@itshades.com 45 Finastra announced that TONIK, the first licensed digital-only bank in Southeast Asia, has selected Fusion Essence in the cloud to power its end-to-end core banking capabilities. The move will support TONIK as it launches its retail deposit and customer loans services in the Philippines, giving it agility and the ability to scale quickly. The key proposition for digital banks is providing a customer experience that traditional banks struggle to offer. This requires modern, cloud-native technology that facilitates innovation whilst future-proofing investment. For TONIK, Fusion Essence Cloud will be deployed out of the Microsoft Azure Southeast Asia Region (Singapore Data Center), which will allow for both low latency and data residency. TONIK will benefit from a low cost of entry into the market, ease and speed of deployment, and the ability to increase business volumes and diversify its product set cost-effectively. It will also benefit from ongoing software updates and, in time, access to further innovation via FusionFabric.cloud, Finastra’s platform for open innovation and the development of applications. European neobanks, including revverbank and Gravity, are already being powered by Fusion Essence Cloud, and this deployment in Southeast Asia will help bring the benefits of innovative digital banking to the Philippines. Description
  • 54. Customer Success Updates IT Shades Engage & Enable Leading Specialized Battery Manufacturer, Eaglepicher, Selects Ifs Cloud-Based Solution To Power Its Operations For any queries, Please write to marketing@itshades.com 46 IFS, the global enterprise applications company, announces that EaglePicher Technologies, a leading producer of batteries and energetic devices for aerospace, defense and medical markets, has chosen IFS Applications™ as its central enterprise resource planning (ERP) system of record. EaglePicher’s batteries have delivered power for over 2.7 billion hours in space without a single failure. Supplying power to the majority of the U.S. military’s missiles, munitions and mission-critical systems, the company’s technology can also be found in the Mars lander, military aviation, underwater vehicles, and life-saving implanted medical devices. EaglePicher needed to replace its legacy business system with a modern platform that could ensure user efficiency across all mission-critical processes while meeting the stringent requirements for security and regulatory compliance of a supplier to the U.S. Department of Defense (DoD), including but not limited to International Traffic in Arms Regulations (ITAR), Defense Federal Acquisition Regulation Supplement (DFARS), and National Institute of Standards and Technology (NIST) Special Publication 800-171. Following an exhaustive evaluation process that included several global ERP vendors, EaglePicher selected IFS Applications 10. The solution will be deployed in the IFS Managed Cloud, hosted in the Microsoft Azure Government Cloud and independently validated to offer full support of all compliance under the NIST cyber security and federal export regulations. The IFS solution will cover an extensive area of functional capabilities, including manufacturing, inventory, distribution, accounting, financials, supply chain, product data and lifecycle management, quality management, customer relationship management (CRM), and human capital management (HCM). EaglePicher will also use IFS Applications for its rigorous process manufacturing environment, including traceability for aerospace, defense and medical device customers. Description
  • 55. Customer Success Updates IT Shades Engage & Enable Leading U.S. Natural Fiber And Foam Manufacturer Barnhardt Selects Ifs Applications In The Cloud For any queries, Please write to marketing@itshades.com 47 IFS, the global enterprise applications company, announces that Barnhardt Manufacturing Company, a leading producer of natural fiber and foam products, has chosen IFS Applications™ 10 as its enterprise resource planning (ERP) system of record. A fourth-generation family business based in Charlotte, NC, Barnhardt owns and operates eight manufacturing facilities across the United States. With a diverse product line comprising nine different brands, the company needed to consolidate its IT environment, which consisted of a number of disparate systems that did not cover all mission-crititcal processes. Following a competitive bid that included several global ERP vendors, Barnhardt chose IFS Applications based on its full suite of capabilities and robust cloud delivery architecture through the Microsoft Azure platform. The IFS solution will support all parts of Barnhardt’s value chain, from manufacturing, warehousing and product development, project management to financials, quality management, and maintenance. Barnhardt Manufacturing Company, a privately held, family owned business, was founded in 1900 by Thomas M. Barnhardt. With corporate headquarters in Charlotte, NC, the Company has additional facilities in Mount Airy, NC, Kinston, NC, Dalton, GA, Griswoldville, MA, Clearfield, UT and Reno, NV. Its products are distributed globally. From its beginnings as a supplier for buggy seats and horse collars, Barnhardt has deepened its commitment to fiber based markets with an emphasis on cotton purification. Through acquisitions, the Company has expanded into the dental, medical, pharmaceutical, beauty, furniture, mattress and carpet padding, foam and insulation markets. Today, Barnhardt Manufacturing Company operates two divisions: the Barnhardt Natural Fibers Group and NCFI Polyurethanes. The Natural Fibers Group supplies purified cotton for pharmaceutical packaging, as well as the production of baby and personal hygiene products such as swabs, cotton balls and rolls, wipes, pads and tampons. Additionally, it manufacturers and markets its own line of consumable products into the dental, medical and beauty markets. NCFI Polyurethanes produces flexible and specialty urethanes used in bedding, aircraft, insulation, roofing and geotech markets. Description
  • 56. Customer Success Updates IT Shades Engage & Enable Israel's Largest Fashion Designer Gets Ready for Festive Shopping Spree with Infor For any queries, Please write to marketing@itshades.com 48 Infor, a global leader in business cloud software specialized by industry, announced Delta Galil, Israel's leading textile manufacturer and marketer, is preparing for the busy festive shopping season by implementing an advanced Infor M3 module WMS (warehouse management system) from Infor, to help handle online consumer orders. The project, which lasted about six months, was conducted by Infor partner Intentia Israel. Infor M3 module WMS is integrated with Infor M3, the enterprise resource planning (ERP) solution that underpins Delta Galil’s manufacturing and supply operations. For several years, Intentia Israel has been supporting and expanding the Infor M3 solution to meet Delta Galil’s requirements and standards, in collaboration with Delta Galil’s own information systems department. The project allows Delta Galil to automate, reduce operational costs, and gain advanced quality control and unprecedented efficiency in item picking and order picking. Furthermore, the project has improved order management and delivery capabilities by providing complete transparency and visual data analysis of what is happening at the new distribution center, which includes order monitoring, equipment and collection line workers, through an innovative and user-friendly application. Intentia Israel is the regional representative of Infor. Intentia offers experienced experts in the field of ERP, with in-depth knowledge of processes in diverse industries and rich experience in complex cross-organizational computing projects in Israel and abroad. Intentia Israel's experience and professionalism have earned it numerous Infor excellence awards over the years. Description
  • 57. Customer Success Updates IT Shades Engage & Enable TPG Hotels & Resorts Selects Infor Hospitality to Standardize Processes For any queries, Please write to marketing@itshades.com 49 Infor, a global leader in business cloud software specialized by industry, announced that TPG Hotels & Resorts, a fully accredited operator and developer of many of the industry’s most respected hotel brands, has selected Infor to standardize property management systems and provide a single source of data across its independent hotel portfolio. With Infor, the organization will now have consistency across its property technology platform, making it easier to manage daily processes. TPG Hotels & Resorts will be able to eliminate previously siloed systems and better manage operations throughout reservations, the front desk, housekeeping, concierge, and accounting, unifying roles into a single application. Infor Hospitality Management Solutions (HMS) will provide TPG Hotels & Resorts with a more complete solution for managing multiple hotel functions at seven independent properties. Specifically, Infor HMS will facilitate faster day-to-day processes, so teams can spend less time navigating technology and more time concentrating on guests. Infor’s technology designed specifically for hoteliers combines functionality to manage guests, rooms, rates, reservations and distribution, and will provide independent TPG Hotels & Resorts properties with tools for a holistic view of every guest, helping staff deliver more precise levels of service on a more consistent basis. Infor HMS is visually impressive, easy to use, and extremely flexible and configurable. The application can be integrated with additional Infor solutions and hundreds of third-party products to provide a snapshot of guests and business performance. This allows for a faster and more seamless flow of data so decision-makers can make more rapid and more accurate business decisions. Description
  • 58. Customer Success Updates IT Shades Engage & Enable China’s Lingtong Selects Infor as Environmental Sustainability Partner to Create a Green Exhibition Service Ecosystem For any queries, Please write to marketing@itshades.com 50 Infor a global leader in business cloud software specialized by industry, announced that Lingtong Exhibition System Co. Ltd. has chosen Infor to be its eco-friendly partner. Together, they will help raise the bar for environmental sustainability in China’s huge exhibition industry. This will be achieved by deploying the Infor LN solution to improve Lingtong’s management and operational capabilities, and, ultimately, achieving the goal of building a green exhibition service ecosystem. In recent years, the exhibition industry has undergone rapid development, a phenomenon that is in line with urbanization trends. As the industry expands, concerns have grown about high-energy consumption and pollution levels caused by exhibitions. As the earliest professional company in China to develop and produce exhibition display equipment, Lingtong’s vision is to take “green exhibition service global” and is committed to “building a green exhibition service ecosystem” worldwide through technology, as well as invest in research and development. Lingtong provides large-scale exhibition equipment for various industries, comprising quick-to-build, recyclable, safe, and environmentally-friendly materials. The company is committed to providing customized, environmentally sound construction solutions for different exhibition needs in the future. The continuous expansion of the exhibition industry has led to environmental issues becoming even more commonplace. With Lingtong’s rapid growth, current management tools can no longer support the needs of Lingtong’s group operations and business development. Through this partnership, Lingtong and Infor have pledged to promote better environmental protection and a low-carbon economy, which will help companies embrace green manufacturing. In this regard, Lingtong and Infor share a common vision to transform and promote Chinese green manufacturing for sustainable market growth. After a thorough evaluation process, Lingtong chose to deploy the Infor LN solution for operational and business visibility. This will involve many areas, including procurement, sales, production, finance, and project implementation, and will provide the necessary flexibility that business units require to meet group management and operational needs. The project is expected to be rolled out in mid-2020. Description
  • 59. Customer Success Updates IT Shades Engage & Enable Infor Broadens Relationship with Accor For any queries, Please write to marketing@itshades.com 51 Infor, a global leader in business cloud software specialized by industry, announced that Accor, a global leader in augmented hospitality, has extended its 13-year relationship with Infor by signing a global agreement to continue their collaboration with Infor EzRMS revenue management software. The application is currently used at more than 1,100 properties worldwide. Accor will be able to capitalise on the new functionality of the Infor EzRMS application such as mobile access, function space revenue management, extended stay optimization and a variety of pricing methodologies. As part of the agreement, Infor will offer three new packages for different properties throughout the Accor portfolio. This will enable Infor to continue to help support the global network of dedicated revenue managers in Accor. This new agreement allows new brands in the Accor portfolio to benefit from Infor EzRMS, including newly integrated brands. Infor is a global leader in business cloud software specialized by industry. With 17,300 employees and over 68,000 customers in more than 170 countries, Infor software is designed for progress. Description
  • 60. Customer Success Updates IT Shades Engage & Enable Burton Snowboards Selects Infor to Support its Digital Transformation and Global Expansion For any queries, Please write to marketing@itshades.com 52 Infor, a global leader in business cloud software specialized by industry, announced that Burton Snowboards has selected Infor CloudSuite Fashion, an ERP system tailor-made for the fashion industry. Burton also has expanded its Infor Nexus supply chain management capabilities to optimize inventory across channels, increase its direct-to-consumer business, operationalize its expansion to global markets, and upgrade its technology footprint to the cloud. Burton is the world’s leading snowboard company, founded by the late Jake Burton Carpenter in 1977. Burton has been a long-time customer of Infor, leveraging Infor Nexus solutions to connect to its suppliers, logistics providers and brokers to streamline global trade processes and provide better visibility to supply and payments. Burton is constantly challenged to manage inventory with seasonal demand and orchestrate products across a global supply chain. An end-to-end networked ERP solution redefines Burton’s core capabilities and provides connectivity to suppliers, 3PLs (third-party logistics providers), carriers and other parties for greater inventory visibility and agility. Infor will enable Burton to standardize enterprise processes and optimize inventory flow from source to customer across all channels, including direct-to-consumer and e-commerce, while reducing its legacy technology footprint. Description
  • 61. Customer Success Updates IT Shades Engage & Enable Israel's Largest Furniture Group Turns to Infor to Integrate its Supply Chain For any queries, Please write to marketing@itshades.com 53 Infor, a global leader in business cloud software specialized by industry, announced Aminach, Israel's largest furniture company, is embarking on an enterprise resource planning (ERP) project with Infor M3 . The project, which is being managed by Infor partner Intentia Israel, will serve 280 users across 46 stores nationwide and the manufacturing site in Israel. Aminach chose Infor M3 (version 13.4) after examining a number of competing ERP solutions with the assistance of a professional consulting company. Infor M3 was chosen due to the depth of its functionality; the fact it can support both Aminach’s manufacturing and commercial operations and due to the level of integration between the different modules. Aminach’s business processes were then mapped to meet the synergy requirements between all technological systems and establishing a standard of organizational work processes and supply chain management. Infor M3 is expected to provide Aminach with a range of capabilities required by a multi-branch distributed manufacturer and marketer, such as retail chain store management, item and product infrastructure management, supply chain management, production planning and management, costing and finance management, as well as technician service system management. The project will run in two stages. The first phase, which began in May 2019 and expects to complete in January 2020, with the financial module, network and pricing being embedded in all the company's branches will be connected to an order interface as well as all existing systems such as inventory and production planning. The second phase, which is scheduled to begin in April 2020 and end in January 2021, will embed production management and supply chain, complete and full branch management capabilities. Description