Rootstock Software snaps up cloud ERP software firm Kenandy Inc.
Cloud supply chain and manufacturing Enterprise Resource Planning (ERP) solution provider, Rootstock Software, has announced the acquisition of Kenandy Inc., a developer of cloud ERP software.
Rockstock said the deal solidifies its standing as a leading developer of cloud ERP applications focused on the needs of manufacturers, distributors and supply chain organisations utilising the Salesforce Platform.
“By combining the talent, skills and intellectual property of both companies, Rootstock will achieve greater economies of scale to compete with the likes of Oracle-NetSuite, Microsoft and SAP, while giving us the ability to create more cutting-edge capabilities for Kenandy and Rootstock customers,” said Patrick Garrehy, CEO of Rootstock.
“Both Rootstock and Kenandy are known for taking a customer-centric approach to ERP, and this furthers Rootstock’s recent focus on advancing personalized manufacturing with capabilities that deliver a more individualized customer experience across all customer touch points in an organisation.”
The deal means that customers will be able to utilise a combination of Rootstock Cloud ERP, Salesforce Sales Cloud, Salesforce Service Cloud and the underlying Salesforce Platform technologies, such as Salesforce IoT and Einstein Analytics.
“As the cloud marketplace has matured, buyers are increasingly making CRM and ERP decisions in the context of an overall cloud platform strategy,” said Garrehy. “This acquisition creates a bigger, stronger entity focused on building cloud ERP applications for those who choose the Salesforce Platform as their underlying technology.
“When it comes to cloud ERP implementations, customer success is often determined by how you implement, not just what you implement.
“Our combined company is dedicated to making the transition from legacy ERP easier for our customers. We welcome Kenandy customers into the Rootstock fold.”
Vizibl: The Future of Supplier Relationship Management (SRM)
Even the best procurement team on the planet can only derive so much value from their suppliers by tinkering with spreadsheets or negotiating another half-percent-per-unit from a regular bulk-buy.
The value of relationships count in today’s fast-paced and disrupted business environment, where partnerships, future efficiencies and risk mitigation are just as vital a measure of an organisation’s maturing procurement organisation as overhead reduction.
A recent McKinsey survey into 100 large organisations found that the more cooperative an organisation, the more financially competitive it could become. "Companies with advanced supplier-collaboration capabilities tend to outperform their peers,” it found, but also admitted that this value is not a simple thing to access.
Visibl is a company built from the ground up with the philosophy of ‘delivering mutual value' in mind. Its digital procurement platform is designed to place collaboration at the centre of supplier relationships. Greater transparency for all stakeholders not only simplifies and quantifies contractual obligations, but also provides opportunities to discover and align on common goals and business objectives.
How does Vizibl’s platform work?
Vizibl’s supplier relationship management platform feeds off data. By leveraging data from existing enterprise applications such as ERP, P2P, risk management, or project management systems, all stakeholders can share a central source of truth. The result is greater transparency, visibility and accountability on both sides of a contract. The platform is divided into several focus areas:
- Vizibl Relationships: This system helps organisations move beyond transactional interactions with their suppliers, instead building trust and applying a governance framework that is both scalable and consistent to better support core business objectives.
- Vizibl Workspace: Operating in one virtual workspace removes friction in collaborative endeavours and aligned initiatives. Vizibl Workspace enables partners to drive goals together, whether improved cost-savings, ESG commitments, new product launches or boosting operational efficiency.
- Vizibl Reporting: Measuring results is critical in achieving business objectives, forward planning and risk management. This system helps business leaders leverage actionable data to quantify and drive initiatives, support and mange supplier performance, and understand true ROI.
Key Vizibl customers: Heineken, Vodafone, Astellas
“Gartner lists supplier collaboration as supply chain leaders’ number one focus to solve for agility and resilience”
Speaking to SupplyChainDigital.com earlier this year in June, Mark Perera, CEO and co-founder of Vizibl said: “We work with companies across multiple industries, but regardless of sector, we really see agility and resilience as overarching topic areas in the supply chain. From a resilience perspective, that’s both in terms of operational resilience, but also strategic resilience; we see organisations looking at implementing the desired levels of flexibility and the ability to change with demand, as they look towards the future of their company.”
“Gartner lists supplier collaboration as supply chain leaders’ number one focus to solve for agility and resilience,” he added. “The mindset and process change to switch to a supplier collaboration model will be a challenge for organisations that are falling behind.”