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Yahoo
6 days ago
- Business
- Yahoo
Basware: CFOs and CIOs clash as SAP migration deadline looms
ERP migrations exposing companies to compliance breaches amid $100bn transformation wave CHARLOTTE, N.C., May 28, 2025 /PRNewswire/ -- CFOs and CIOs are fighting over finances and key resource allocation amid tariffs and the looming SAP S/4HANA migration deadline fast-approaching in 2027, analysis reveals from Basware. With over 22,000 companies worldwide impacted by the upcoming migration, the urgency to act before the deadline grows each day. Tighter budgets causing migration uncertainty According to data, approximately 61% of SAP customers using older Enterprise Resource Planning (ERP) systems have not yet licensed S/4HANA. As the latest version of SAP's business management software, S/4HANA represents a significant transformation – one that many enterprises still need to undertake as the 2027 migration deadline approaches. Failure to migrate by the cut off will result in the loss of official SAP support, and reduced access to future product innovations – both of which can lead to increased operational costs and technical risk for businesses. The SAP S/4HANA migration market represents a $100bn opportunity, as enterprises look to modernize their systems, streamline operations and enhance compliance. Amid ongoing global economic uncertainty, enterprises are under pressure to scrutinize every dollar of spend, from finance operations to new AI investments, causing a rift between CFOs and CIOs who are battling to align on spending priorities. "For some, SAP S/4HANA is just a technology migration. But forward-thinking enterprises are taking the opportunity to drive real, wide-scale transformation, focusing on ROI, simplifying their ERP landscape and establishing a clean digital core" said Mark McCarthy, CRO of Basware. "As the great SAP migration continues, the real opportunity is making the investment count – and that means aligning finance and IT around outcomes that matter." ERP migrations costing hundreds of millions over several years ERP systems such as Oracle NetSuite, Microsoft Dynamics 365 and SAP S/4HANA Cloud are used to manage the entire IT process of businesses by tracking all aspects of production, distribution, financials, HR and back office. ERP upgrades can cost large enterprises upwards of $100 million, rising to $500 million depending on the complexity and size of the organization. These projects typically span multiple years, involving significant resources for software, implementation, training and ongoing support. For CFOs, this creates financial holes due to uncertain ROI, business disruption risks from potential downtime, and hefty implementation fees for the technology. Add to that skills gaps for SAP talent, the cost of training, and the lack of financial transparency during migration, it's more important than ever for CFOs to gain complete control over functions such as invoicing, especially when integrating platforms into ERP environments. Meanwhile, CIOs are battling with opposing challenges including outdated systems, poor data quality, which can lead to errors and inefficiencies. Where boardroom alignment can be found is in artificial intelligence, with 75% of CFOs advocating for greater investment in AI to automate critical financial processes such as e-invoicing compliance and regulation – which play a pivotal role in the broader SAP S/4HANA migration strategy. McCarthy added: "Every month of delay brings greater compliance risk, uncertainty and escalating costs. Forward-thinking enterprises are acting now – extending their ERP strategy with specialist solutions that align to SAP's clean core principles. Basware is already supporting over 600 enterprises running SAP ERP systems, including over 100 large organizations using Basware alongside SAP S/4HANA. By managing this complexity with Invoice Lifecycle Management platforms, they're able to achieve full automation, compliance, and visibility in accounts payable." How companies are navigating ERP migrations The 2027 migration deadline is a top priority for companies, including healthcare wellness company Empire Portfolio Group, materials manufacturer KION and industrial minerals producer Imerys. "We needed a state-of-the-art process to complement our Shared Services Centres rollout and prepare the implementation of SAP S/4HANA," said Christophe Boden, VP of Shared Services and Continuous Improvement at Imerys. "Basware emerged as the ideal solution provider to digitize our AP (accounts payable) operations and drive process efficiencies." North American manufacturing giant Mauser has also overhauled its accounts payable operations in light of the upcoming deadline, integrating Basware with its existing SAP ERP system. The 'plug and play' approach allowed Mauser to streamline invoice processing without adding complexity – keeping its ERP setup simple while gaining greater automation, visibility and faster approvals. As a result, approval time for non-PO invoices from 3.6 days to 1.6 days. By integrating Invoice Lifecycle Management solutions into its ERP system, Mauser has significantly reduced manual touchpoints, cutting the time spent on matching purchase orders and invoices by 90% and reducing overall manual matching by 71%. To help enterprises navigate ERP migrations, Deloitte and Basware recently expanded their partnership with a new, practice-based Center of Excellence, in response to increasing demand driven by SAP S/4HANA migrations. Combining Deloitte's deep finance and compliance expertise with Basware's platform, the collaboration is designed to accelerate digital finance transformation and ensure ERP migration projects are complete before the 2027 deadline hits. About Basware Basware is how the world's best finance teams gain complete control of every invoice, every time. Our Intelligent Invoice Lifecycle Management platform ensures end-to-end efficiency, compliance and control for all invoice transactions. Powered by the world's most sophisticated invoice-centric AI – trained on over 2 billion invoices – Basware's Intelligent Automation drives real ROI by transforming finance operations. We serve 6,500+ customers globally and are trusted by industry leaders including DHL, Heineken and Sony. Fueled by 40 years of specialized expertise with $10 trillion in total spend handled, we are pioneering the next era of finance. With Basware, Now it all just happens.™ Glossary of Terms SAP S/4HANA - an enterprise resource planning (ERP) system from SAP unifying business operations in real-time using AI and machine learning. It acts as a single business suite bringing together core functions including finance, sales, procurement, marketing, HR and more. ERP – business management software that integrates and automates core business processes in a single system. ERP Migrations – the process of moving to a new ERP system, transferring data, business processes, configurations and integrations. Manual Touchpoints (in the release context) - managing invoice processing on the edge with Basware, rather than customizing the SAP core. SAP 'Clean Core' - an approach that encourages enterprises to avoid over-customization of the ERP system, keeping the core standardized for easier upgrades, stability and innovation adoption. 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Associated Press
27-05-2025
- Business
- Associated Press
Momentive Software Expands Association Management Software Portfolio with Acquisition of Cobalt
ST. PETERSBURG, Fla., May 27, 2025 (GLOBE NEWSWIRE) -- Momentive Software, a leading provider of cloud-based software, services and payment solutions for purpose-driven organizations, today announced the acquisition of Cobalt, a provider of association and certification management software built on the industry-leading customer relationship management (CRM) platform Microsoft Dynamics 365. This is Momentive's second acquisition under its new brand identity, after purchasing learning management software and services provider Blue Sky eLearn. Software continues to play a vital role in helping mission-driven organizations operate more efficiently and achieve greater impact. By streamlining business processes, enhancing member engagement, managing certification workflows, and supporting successful fundraising events, technology empowers these organizations to focus more effectively on their core mission. Access to accurate and actionable data is also essential, providing the necessary insights to make informed decisions, evaluate mission effectiveness, and develop targeted initiatives that deliver measurable outcomes. With the right digital tools in place, nonprofits and associations are better equipped to create lasting, positive change within the communities they serve. With this acquisition and the previous Blue Sky eLearn acquisition, Momentive Software continues on a fast track of innovation that is driven by the customer experience and integration via the Momentive Data Hub. The company's comprehensive solution suite encompasses end-to-end tools that address the unique challenges of mission-driven organizations. It includes software that improves efficiency, strengthens member and donor engagement, and offers access to data that tracks and reports on mission impact, ensuring that purpose-driven organizations can adapt and thrive in a rapidly changing environment. The acquisition of Cobalt expands Momentive's depth of AMS and certification offerings to help associations of any size successfully manage business processes, membership engagement, credentialing, events and their overall impact. 'Our focus is on how we can better support mission-driven organizations by simplifying the unique challenges they face, so they can concentrate on what matters most - advancing their mission and creating lasting impact,' said Mike Henricks, CEO of Momentive Software. 'Acquiring Cobalt underscores Momentive's dedication to making strategic technology investments that deliver greater value to our customers and partners. The Cobalt team is joining us at a great time in our journey, and I look forward to growing our team and continue delivering user-friendly solutions to help nonprofits and associations sustain mission growth. Our recent launch of Automated Payments for MIP Accounting and improved payment experience with Clover Go integration, coupled with these acquisitions forge the path in our ability to change the industry.' Nearly 200 enterprise organizations leverage Cobalt's Engagement Dynamics AMS and certification offerings to enhance membership and credentialing management and donor engagement, automate and streamline business processes, drive revenue and attract funding for greater community impact. The acquisition advances Momentive's efforts to enhance its end-to-end solutions portfolio, offering customers a choice to meet their unique association management needs to maximize mission impact. 'It's exciting for us to be joining Momentive Software at a time when they are leading the way in innovation to meet the evolving needs of associations by supporting their ability to make a significant impact and drive meaningful change,' said Russell Inman, CEO of Cobalt. 'We share a customer first approach, and we look forward working together to create new possibilities for our customers and partners.' Terms of the transaction were not disclosed. Sherrard Roe Voigt & Harbison, PLC (Nashville, Tennessee) acted as legal counsel to Momentive Software in the transaction. About Momentive Software Momentive Software amplifies the impact of over 30,000 purpose-driven organizations in over 30 countries. Mission–driven organizations and associations rely on the company's cloud-based software and services to solve their most critical challenges: engage the people they serve, simplify operations, and grow revenue. Built with reliability at the core and strategically focused on events, careers, fundraising, financials, and operations, our solutions suite is bound by a common purpose to serve the organizations that make our communities a better place to live. Learn more at Media Contact Momentive Software | Lisa Williams | [email protected]
Biz Bahrain
25-05-2025
- Business
- Biz Bahrain
Mobiz and ThinkSmart Collaborate to Equip Bahraini and Saudi Youth with Microsoft Dynamics 365 Skills
Mobiz IT and ThinkSmart Gulf have signed a strategic Memorandum of Understanding (MoU) to launch a Microsoft Dynamics 365 internship and training program aimed at empowering youth in Bahrain and Saudi Arabia with in-demand digital and business application skills. This partnership marks a significant step toward bridging the gap between academic learning and industry needs. Through practical internships, real-world projects, and expert-led training, the initiative supports national workforce transformation goals in line with Bahrain and Saudi Arabia's Vision 2030 strategies. Mobiz IT will offer internships that may lead to employment opportunities, providing students with real-world exposure and industry experience. ThinkSmart will deliver the training component, equipping participants with hands-on Microsoft Dynamics 365 skills through instructor-led, practical sessions that align with current market needs. Speaking at the signing ceremony, Mr. Aakash Munjal, General Manager of ThinkSmart Gulf, stated 'At ThinkSmart, we believe that learning should not stop at the classroom. Through this strategic alliance with Mobiz, we are enabling our students to take their first step into the professional world—working with real companies, on real challenges, and gaining the skills and exposure required to succeed in today's job market.' This partnership coincides with rapid technological growth across the GCC, where Microsoft operates cloud data centers in Saudi Arabia, the UAE, and Qatar. Kuwait's recent agreement with Microsoft to host a new data center further highlights the rising value of Microsoft Dynamics 365 in the regional workforce. These developments create a dynamic ecosystem that underscores the need for targeted training programs such as this one. Hamad Riaz, CEO of Mobiz IT, added:' 'Microsoft Dynamics 365 offers the ideal foundation to train Gulf youth in modern business applications. Its powerful, AI-enabled tools span finance, sales, customer service, and supply chain, making it a key driver of productivity and innovation. By launching this program, we're equipping the next generation with the skills to lead the region's digital future.' Hamdan Chitari, Operations Manager at Mobiz, noted: 'Companies using Dynamics 365 have seen a 106% ROI increase and a 40% reduction in call handling time. These results demonstrate its power, and we are excited to raise awareness of its benefits through this program.' By equipping young professionals with Microsoft Dynamics 365 expertise, the Mobiz–ThinkSmart partnership lays the foundation for a digitally skilled workforce ready to drive innovation and competitiveness across the Gulf region.
Yahoo
23-05-2025
- Business
- Yahoo
Leading Microsoft Dynamics ISVs Combine to Create Global Solution Suite with Significant Growth Investment from Insight Partners; Joakim Alm Named CEO
STOCKHOLM and HOUSTON and AARHUS, Denmark and VENLO, Netherlands , May 23, 2025 /PRNewswire/ -- Four leading independent software vendors (ISVs) in the Microsoft Dynamics ecosystem – SignUp Software, SKsoft, DynamicWeb, and Axtension – have united to form a global solutions suite purpose-built for Dynamics 365. With a combined base of over 5,000 customers across 80+ countries, the new integrated organization will begin delivering a comprehensive portfolio of solutions that enhance financial, treasury, commerce, and operations workflows. This best-in-class suite of products includes ExFlow for financial and AP automation, SKsoft for treasury, payment, and reconciliation automation, DynamicWeb for omnichannel commerce and Product Information Management, and Axtension for production & project planning, document management, and shipping orchestration. Built for Microsoft Dynamics 365, the unified offering provides a scalable, tightly integrated solution set to streamline ERP processes and improve business outcomes. To lead this new phase of growth and guide continued worldwide expansion, seasoned software executive Joakim Alm has been appointed Chief Executive Officer to lead the new group. Alm previously served as CEO of Benify, a global benefits and HR platform. "Uniting these high-caliber ISVs under one roof gives our valued customers an end-to-end toolkit – enhancing financial automation and distribution workflows – all tightly tied to the Microsoft Dynamics 365 environment," said Joakim Alm, CEO. "Our shared Microsoft DNA and global partner network position us to deliver immediate value to customers & partners and accelerate innovation and AI development across the suite of products." This strategic and monumental combination was powered by global software investor Insight Partners, which will work alongside the leadership team to support continued innovation, geographic expansion, and further strategic acquisitions. "We are excited to partner with this world-class team as they build upon the strengths and proven successes of SignUp Software, SKsoft, DynamicWeb, and Axtension to establish a market leader for Dynamics-based ERP solutions," said Jared Rosen, Managing Director at Insight Partners. "The combined business and product portfolio is positioned to transform financial and operational workflows globally for Dynamics users, and we look forward to supporting its continued innovation, global expansion, and additional growth through M&A." This announcement marks a new chapter for the Dynamics ecosystem – delivering unified capabilities, accelerated feature development, and a global partner and customer experience designed for the modern ERP era. About SignUp Software: SignUp Software is a global leader in financial and AP automation for Microsoft Dynamics 365 with its solution, ExFlow. Through an extensive network of over 150 partners worldwide, the company serves more than 2,000 customers across 65 countries. About SKsoft: SKsoft is a global leader in banking and treasury automation solutions for Microsoft Dynamics 365. As the maker of global bank connectivity platform, BankFabric, SKsoft serves over 1,600 customers worldwide across 80 countries. About DynamicWeb: DynamicWeb is a global leader in delivering a product suite offering eCommerce, Product Information Management (PIM), and Content Management integrated tightly with Microsoft Dynamics 365. Through a partner network of more than 175 partners, DynamicWeb serves over 1,500 customers across the globe. About Axtension: Axtension is an independent software vendor dedicated to extending the capabilities of the Microsoft Dynamics 365 platform. The Axtension suite enhances the ERP's operational value through integrated add-ons for production & project planning, document management, and shipping orchestration. About Insight Partners: Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of December 31, 2024, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit or follow us on X @insightpartners. View original content: SOURCE SignUp Software Sign in to access your portfolio
Time Business News
22-05-2025
- Business
- Time Business News
Revolutionizing Manufacturing and Inventory Management: How Axolt's ERP Empowers Modern Supply Chains
In today's fast-paced manufacturing landscape, agility, accuracy, and automation are no longer optional—they're essential. From unpredictable supply chain disruptions to inventory mismanagement and rising customer expectations, companies face immense pressure to perform flawlessly across operations. Enter Axolt—a powerful ERP solution purpose-built to streamline and modernize inventory, supply chain, and manufacturing workflows. Axolt is a global provider of advanced ERP software solutions designed specifically for manufacturers, distributors, and supply chain-driven enterprises. Built on the robust Microsoft Dynamics 365 platform, Axolt delivers industry-specific features that drive operational efficiency, enhance visibility, and support scalable growth. Unlike traditional ERP platforms, Axolt goes beyond financials and accounting by offering deep functionality in production planning, inventory control, supply chain automation, and quality assurance—core pillars of competitive manufacturing environments. One of Axolt's core strengths lies in its comprehensive inventory management capabilities. Manufacturers today deal with fluctuating demand, seasonal trends, and growing product diversity. Axolt helps businesses respond to these complexities through: Real-Time Inventory Visibility Axolt provides a 360-degree view of all inventory across multiple locations, enabling precise stock level monitoring. This transparency minimizes the risk of stockouts or overstocking, both of which can be costly. Axolt provides a 360-degree view of all inventory across multiple locations, enabling precise stock level monitoring. This transparency minimizes the risk of stockouts or overstocking, both of which can be costly. Automated Reordering and Alerts Dynamic reordering thresholds ensure you never miss a reorder point. Automated alerts notify warehouse and procurement teams when inventory dips below pre-set levels, enhancing responsiveness. Dynamic reordering thresholds ensure you never miss a reorder point. Automated alerts notify warehouse and procurement teams when inventory dips below pre-set levels, enhancing responsiveness. Demand Forecasting and Analytics Integrated demand forecasting tools allow organizations to project future stock needs based on historical trends, market dynamics, and sales data. By using Axolt, companies can manage inventory with confidence, reducing holding costs while improving order fulfillment rates. Supply chains are the backbone of manufacturing success. Axolt's ERP system enhances end-to-end supply chain performance with integrated tools that deliver seamless coordination and data-driven decision-making. Supplier and Vendor Management Axolt enables centralized management of suppliers, contracts, and performance metrics. This ensures better negotiation power, reliable sourcing, and strategic procurement. Axolt enables centralized management of suppliers, contracts, and performance metrics. This ensures better negotiation power, reliable sourcing, and strategic procurement. Warehouse and Logistics Coordination Through real-time tracking, Axolt connects production lines with logistics and warehouse operations, allowing for smarter route planning and delivery schedules. Through real-time tracking, Axolt connects production lines with logistics and warehouse operations, allowing for smarter route planning and delivery schedules. Procurement Automation Automated purchase requisitions and approval workflows minimize bottlenecks in the procurement cycle, ensuring timely replenishment of critical materials. Whether sourcing raw materials or managing third-party logistics, Axolt empowers businesses to build resilient and agile supply chains. Axolt's ERP goes beyond administrative functions—it actively enhances manufacturing operations on the shop floor and in the boardroom. Advanced Production Planning Scheduling and capacity planning tools help manufacturers allocate resources efficiently, manage work orders, and reduce idle time. Scheduling and capacity planning tools help manufacturers allocate resources efficiently, manage work orders, and reduce idle time. Integrated Quality Management Axolt supports quality checks at every stage of production, with full traceability and compliance reporting. This promotes consistent product excellence and regulatory adherence. Axolt supports quality checks at every stage of production, with full traceability and compliance reporting. This promotes consistent product excellence and regulatory adherence. Resource Optimization The platform enables tracking and optimization of machinery, tools, and labor resources to ensure maximum productivity with minimal waste. In short, Axolt acts as a digital command center for manufacturing leaders seeking to reduce costs, improve throughput, and drive continuous improvement. A key differentiator for Axolt is its cloud-first architecture and flexibility. As a Microsoft Dynamics 365 partner, Axolt offers: Scalability for growing enterprises for growing enterprises Seamless integration with existing Microsoft tools like Power BI, Office 365, and Azure services with existing Microsoft tools like Power BI, Office 365, and Azure services Custom modules to fit niche industry requirements Whether you're a small manufacturer scaling operations or a global enterprise looking to unify your digital ecosystem, Axolt adapts to your unique business model. Axolt stands out in a crowded ERP marketplace for its: Industry expertise in manufacturing and distribution Tailored ERP functionalities beyond generic solutions beyond generic solutions Proven track record with global clients with global clients Robust support and implementation services For businesses struggling with fragmented systems and manual processes, Axolt provides a unified, future-ready platform that delivers measurable ROI. In an era of global competition and supply chain uncertainty, manufacturers can no longer rely on outdated systems or siloed tools. Axolt offers a modern, cloud-based ERP solution designed to bring clarity, control, and confidence to every aspect of inventory, supply chain, and manufacturing management. Whether you're aiming to reduce operational costs, accelerate time-to-market, or improve decision-making, Axolt is the ERP partner built to deliver on every front. TIME BUSINESS NEWS
