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The editors at Solutions Review have curated this list of the most noteworthy WorkTech news from the week of May 3rd. This round-up covers announcements and updates from companies like Planview, Epicor, Genpact, and more.
Keeping tabs on the most relevant ERP and BPM news can be time-consuming. As a result, our editorial team aims to summarize the week’s top headlines in the enterprise technology marketplace. The Solutions Review editors will compile a weekly round-up of vendor product news, mergers and acquisitions, venture capital funding, talent acquisition, and other noteworthy WorkTech information. With that in mind, here is some of the top WorkTech news for May 3rd.
Top WorkTech News From the Week of May 3rd, 2024
Agiloft Releases New Generative AI Capabilities
Agiloft, a data-first contract lifecycle management (CLM) solution provider, has announced new contract intelligence and connectivity capabilities. For example, the company has released a Generative AI Prompt Lab toolkit that allows users to leverage public or private large language models (LLMs) to improve their contract data. Agiloft has also launched ConvoAI Document Q&A, which enables authorized users to use generative AI to find, analyze, contextualize, and extract information from any contract via the standard Agiloft document viewer.
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Cin7 Acquires Inventoro
Cin7—an inventory and order management software provider—has acquired Inventoro, an AI-driven sales forecasting and replenishment optimization solution provider. The acquisition will allow Cin7 to integrate Inventoro’s capabilities into its platform, enhancing its inventory and order management features with intelligent prediction and optimization. The companies will give sellers deeper visibility into product availability, inventory capital, and optimization performance metrics.
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Deloitte and Google Collaborate a New Platform for Government Agencies
In collaboration with Google Public Sector, Deloitte has revealed the Elevating Digital Government Experiences (EDGE) platform, a new solution powered by Google Cloud’s generative AI technologies. The platform will help government agencies improve their delivery of timely information and services to the people they serve. EDGE utilizes a pre-aggregated suite of Google AI tools, enhanced by Gemini, to provide users with multi-lingual, channel-agnostic, and conversational capabilities to improve customer experiences.
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Epicor Acquires Smart Software
Epicor, an industry-specific enterprise software provider, has acquired Smart Software, a cloud-based, AI-powered inventory planning and optimization (IP&O) application provider. Additionally, since Smart Software is an existing Epicor ISV partner, its solutions are already integrated with several of Epicor’s ERP platforms. The acquisition will help Epicor accelerate the delivery of its ERP solutions, extend its functionality to help users stay informed, strengthen its inventory management processes, eliminate manual data entry tasks, improve customer satisfaction, optimize working capital, and maximize customer lifetime value.
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Gartner Releases its 2024 Magic Quadrant for Supply Chain Planning Solutions
Analyst house Gartner, Inc. recently released the 2024 edition of its Magic Quadrant for Supply Chain Planning Solutions, identifying twenty of the marketplace’s most effective SCP vendors. The researchers behind the report—Pia Orup Lund, Tim Payne, Joe Graham, Caleb Thomson, and Jan Snoeckx—evaluated each listed vendor’s strengths and weaknesses and ranked them on the signature “Magic Quadrant” graph.
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Genpact and Microsoft Announce a New Collaboration
Genpact, a global professional services firm, has announced a collaboration with Microsoft to help enterprises drive their finance transformation efforts. With Microsoft’s AI tools, Genpact will modernize its finance functions, drive better employee experiences, optimize the supplier experience, and more. Balkrishan “BK” Kalra, the President and CEO at Genpact, says, “Our strategic collaboration with Microsoft will drive the next wave of finance transformation using AI to transform finance functions into strategic, data-driven operations that support growth and competitiveness.”
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Laserfiche Details a New AI-Powered Document Summarization Tool
Laserfiche—an SaaS provider of business process automation and intelligent content management solutions—has announced the availability of a new generative AI-powered document summarization tool for Laserfiche Cloud. With this new tool, users can create and share short summaries of repository entries to increase overall productivity, improve internal communication, support informed decision-making, deploy AI at scale, and accelerate processes by making it easier for teams to utilize relevant information.
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Nokod Security Announces the General Availability of its Platform
Nokod Security, a security company for low-code/no-code (LCNC) application development, has announced the general availability of the Nokod Security Platform. With this platform, organizations can improve their protection against the security threats, vulnerabilities, misconfiguration, and compliance issues introduced by LCNC and robotic process automation (RPA) applications. The platform’s capabilities include uniform policy enforcement, inventory management, continuous improvement, customizable security policies, and security management, governance, and reporting tools.
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Planview Introduces New Innovations to its Platform
Planview, an end-to-end platform for Strategic Portfolio Management (SPM) and Digital Product Development (DPD), announced several platform innovations. The additions include the launch of Planview.Me and Planview Copilot, alongside enhancements to its AI-enabled platform capabilities. These tools will provide companies with bi-directional visibility and governance to help them create tighter alignment between strategies and teams. It will also enable users to harness AI to enhance strategic decision-making, maximize predictability, and curate personalized user experiences that uplevel productivity.
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Rocket Software Acquires the Application Modernization and Connectivity (AMC) Business of OpenText
Rocket Software, a global provider of modernization software, has acquired the Application Modernization and Connectivity (AMC) business of OpenText, formerly part of Micro Focus, for $2.275 billion. The acquisition will allow Rocket Software to provide its customers with modernization software solutions that span the mainframe to the cloud. Rocket Software will also welcome over 770 software engineers, go-to-market professionals, and other supporting team members to its business as part of the acquisition.
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Rootstock Software Appoints a New CEO
Rootstock Software, a cloud-based manufacturing ERP provider, has appointed Richard (Rick) Berger as its Chief Executive Officer. In this role, Berger will lead Rootstock’s vision and strategy as it embraces a new chapter of innovation. Berger succeeds Interim CEO Jeff Ralyea, who will continue to act as the Executive Chairman of the Board and maintain his advisory role. Berger has over twenty-five years of experience in technology, software, and leadership roles, having previously served various roles at companies like NewStore, Infor, and Oracle.
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SymphonyAI Reveals the Apex Enterprise IT Copilot
SymphonyAI, a predictive and generative AI SaaS provider, has released Apex Enterprise IT Copilot, a new solution designed to boost agent productivity, accelerate problem resolution, and improve customer satisfaction by providing on-demand information and support for users. The co-pilot will integrate with existing service management tools to provide end-user employees, analysts, and executive leadership with a secure, holistic, and intelligent view of their enterprise services.
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Tabnine and Atlassian Expand Their Integration Partnership
Tabnine, an AI coding assistant provider, has expanded its partnership and integration with the Atlassian platform to improve its ability to build and maintain applications faster and with higher quality through AI. Tabnine’s first-to-market AI coding assistant will also be embedded as an agent within Atlassian’s product suite. Dror Weiss, CEO at Tabnine, says, “Our extended partnership with Atlassian is a natural step forward in supporting engineering teams anywhere and anyhow they do their work, empowering them with cutting-edge AI capabilities within the Atlassian ecosystem.”
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Tech Mahindra Details its New Strategic Partnership with Atento
Tech Mahindra, a global technology consulting and digital solution provider, has announced a strategic partnership with Atento, a customer relationship management (CRM) and business transformation outsourcing (BTO) company in Latin America. The collaboration will focus on delivering end-to-end business transformation solutions and services using generative AI-powered technologies alongside customer experience (CX) consulting services across the United States, Europe, the Middle East, and Africa and Latin American regions.
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Wix Debuts a New Proposal Creation Tool
Wix.com, a SaaS website builder platform, has launched Wix Proposals, powered by Prospero, a proposal creation platform. This new tool is designed to streamline long-term financial engagement management, providing users with a suite of features for creating, customizing, and finalizing proposals customized to their business needs. Specific features of Wix Proposals include a payment scheduler, in-depth design capabilities, and support for digital signatures. The tool is available now to users with Selected Wix Premium Packages.
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