Marking our sixth acquisition for Team Magnitude – and right on the heels of our Agility Multichannel acquisition – Magnitude is closing out 2017 with another celebratory and significant milestone: Today, we acquired Innowera, a global software provider that enables users to more efficiently manage SAP processes and workflows for productivity and data management. Read more
Our 4Q17 announcement that Magnitude acquired Agility Multichannel generated significant buzz and excitement among customers, partners, industry analysts and the media. Here’s what industry and business leaders are saying as they reflect on our acquisition news. Read more
2017 is a year of strong momentum for Magnitude Software and we’ve just achieved another major milestone with the acquisition of Agility Multichannel, a product information management (PIM) solutions provider focused on product content management and syndication for transforming multichannel commerce.
Having spent more than two decades at the leading edge of the data management sector entrenched in its evolution and leading businesses across big data, data management and connectivity, I’m an ‘industry veteran’ in corporate speak. So at this defining point in my career, there are many boxes to tick in choosing my next move. After careful deliberation, I’m thrilled to announce that I’ve joined Magnitude Software as General Manager for its Connectivity business. Read more
The value of using pre-built integrations for non-SAP data sources was the focus of a previous post on Third Party Integration for SAP Central Finance. Here is a follow-up, providing an overview of the main components of the Magnitude SourceConnect for SAP solution set, which provides solutions to both physical and logical data integration into SAP Central Finance: Read more
The allure of SAP Central Finance for Finance organizations to completely reimagine business processes for the digital age is compelling. SAP rightly claims some significant benefits from Central Finance and the impact of pulling together all financial information as a single source of truth is strategic and powerful.
In moving forward with your Central Finance implementation, you will quickly discover that SAP does not provide source system connectors for non-SAP data so the question of how to integrate ‘external’ source data quickly becomes a hot topic. Any company considering Central Finance has certainly done many system integration projects before, and at first glance it may seem natural to tackle this project as a typical in-house (or system integrator-led) custom development effort, but with a little consideration, you will see that is it not so simple, and that in fact, custom development is fraught with risk. Read more
The data-driven business world demands near-real-time insights and action. In an earlier post, I discussed how the role of the CFO is expanding to encompass “data arbiter.” Today, some CFOs are not only responsible for managing and forecasting based on financial data, but on operational data as well. These CFOs are critical support, a veritable lighthouse of data and strategic insights for CEOs, COOs, CROs and Boards of Directors. Read more
A CRO’s Perspective
The Office of the CFO is undergoing transformation, with data as the catalyst. A recent survey by Intacct indicates CFOs now spend less than 30% of their time closing the books. They’re spending more time getting their arms around company data … beyond financials. This includes CRM, ERP, R&D and other critical data, which are essential to managing corporate performance. Read more
As a CTO, I find it it fascinating to watch the explosive growth of the API economy. APIs have become the fuel that’s enabling companies to create and launch new business models at unprecedented speeds. According to programmableweb.com, there are more than 16,000 APIs. HBR cites that Salesforce.com generates 50% of its revenue through APIs, Expedia.com generates 90%, and eBay, 60%. Read more