Red Wing Software releases version 14, Oracle named market leader by Gartner, and Tradeshift intros new payment tool.
Ricoh buys DocuWare
Japanese imaging and electronics company Ricoh Company Ltd. has bought document management and workflow products provider DocuWare. DocuWare, with headquarters in both Germany and the United States, is a popular document management solution in America. Ricoh has a long-term existing partnership with DocuWare and employs its software both internally in its own operations and with existing customers.
Michael Berger and Max Ertl, presidents of DocuWare, provided the following statement: “DocuWare has a bold growth plan, and that includes enabling current and future partners with leading document management and workflow automation technology. Having Ricoh as a strong investor and owner gives us the certainty that we can achieve our goals and continue to be a reliable, trustworthy and innovative provider for the entire DocuWare partner and customer community.”
The deal with DocuWare is expected to close over summer 2019, subject to receiving clearance from antitrust authorities in Germany and Austria, as well as completion of other customary closing conditions. Following completion of the deal, DocuWare will operate as a subsidiary of Ricoh with Berger and Ertl remaining as presidents.
Red Wing Software releases CenterPoint v. 14
Red Wing Software has released version 14 of its signature accounting and payroll platform CenterPoint. The new version features an overhauled publish pay advice function for CenterPoint Payroll. For CenterPoint Accounting for Agriculture, mapping has been added and the production analysis tool has been redesigned for more flexibility and extensive analysis.
Publish Pay Advice, which allows employees to view their pay stubs online, has been optimized for mobile viewing. Accountants can now set availability of published “advices” for a future date, so there is no need to revisit them after processing payroll. Users of the CenterPoint time clock may also now use the same login credentials from that application to log in to the Publish Pay Advice application.
The new maps function in CenterPoint Accounting for Agriculture allows users to define geo-spatial boundaries of a production center or production center details. The goal is to help farmers analyze financial information in a visually appealing and easy to understand map, which can lead to better decision making. Boundaries can be drawn or imported from ESRI Shape files. Users can add labels and tooltips to describe that field, and the maps can be printed or exported. Multiple fields in a production center group can be displayed, printed and exported as one geospatial map.
The production analysis tool within CenterPoint Accounting for Agriculture has also been completely redesigned for added flexibility and analysis capabilities. Comparisons can now be made according to any of the production details maintained in the system. An analysis spreadsheet is available, which gathers data columns from transaction activity and performs calculated columns and rows. Calculations can access other sources as well, such as acres and total production stored in production center details.
Gartner names Oracle a market leader for cloud financial management suites
Oracle has been named a leader in Gartner’s 2019 “Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises” report. Gartner’s rating for Oracle ERP Cloud was based on Oracle’s ability to execute and completeness of vision. A copy of the report is available here.
Oracle ERP Cloud includes ERP capabilities across Financials, Procurement, and Project Portfolio Management (PPM), as well as Enterprise Performance Management (EPM) and Governance Risk and Compliance (GRC), together with Supply Chain Management (SCM) and native integration with the broader Oracle Cloud Applications suite, which includes Human Capital Management (HCM) and Customer Experience (CX) SaaS applications.
Tradeshift introduces “team” version of signature payments product
Tradeshift, which makes supply chain payment and marketplace solutions, has introduced a new “team” version of its payments product Tradeshift Go. The tool offers increased visibility into employee spending. With the update, front-line managers can extend payment capability to all of their team’s employees with virtual credit cards on demand.