The ERP Minute Episode 76 - February 14, 2023

Workday made headlines with its Super Bowl commercial this last weekend, enlisting the help of major Rockstars to oppose the use of the term “rockstar” to describe executives reaching success with the help of Workday. This comes on the tail-end of the appointment of its new CEO and its recent commitment of $250 million in investment capital into Workday Ventures, the strategic capital arm of Workday, Inc., announcements that all support the growth trajectory of Workday. The $250 million investment will further reinforce Workday Ventures’ strategic focus on AI & ML, Intelligent Automation, and Serving Targeted Markets. Microsoft announced the launch of an all-new, AI-powered Bing search engine and Edge browser, now available in preview at Bing.com, to deliver better search, more complete answers, a new chat experience, and the ability to generate content. Planful announced strong recurring revenue growth in fiscal 2022, while increasing profitability for the second consecutive year. Planful’s operating margins were up 75% year-over-year, with subscription bookings growth up 25% year-over-year and 30% year-over-year growth in North America. Planful’s global expansion also continued with international growth up 50% year-over-year. Aptean entered into a definitive agreement to acquire Drink-IT, a provider of enterprise resource planning software designed to meet the needs of beverage companies, including breweries, distilleries, bottlers, and wholesalers. 

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