Author: The SaaS Outlook

SAP has announced developments to its SAP Business Suite, including enhancements to its AI assistant Joule, the launch of SAP Business Data Cloud Connect, and new AI-native applications for core business processes. Addressing fragmented enterprise stacks The company outlined its approach to tackling the issue of fragmented technology stacks within enterprises by unifying AI, data, and applications within a single suite. SAP executives highlighted that by combining these elements, organisations could make smarter decisions and speed up execution. “To thrive when volatility is the new normal, businesses need more than a patchwork of disparate best-of-breed applications,” said Muhammad Alam, Member…

SAN FRANCISCO–(BUSINESS WIRE)–Flywl, the cloud marketplace platform transforming how enterprises buy and sell software, unveiled the next generation of Flywl, a fully integrated platform that brings together four live products: Compass, Beacon, FUID, and Flywl University. Together, they form a single solution designed to modernize how software is bought and sold across cloud marketplaces. Enterprise software sales through hyperscaler cloud marketplaces, led by AWS, Microsoft, and Google Cloud, are projected to surge from $30 billion in 2024 to $163 billion by 2030, signaling the accelerating shift toward marketplace-driven procurement. Flywl addresses this growing need in the enterprise technology space, as organizations…

Microsoft at it’s Ignite conference has set out new tools and services aimed at simplifying the creation, deployment and management of artificial intelligence. The company introduced updates to Microsoft 365 Copilot, as well as new capabilities in Work IQ, Foundry IQ, Fabric IQ and a consolidated management platform called Microsoft Agent 365. AI integration Microsoft is positioning AI as an essential layer within its software suite, intending for AI to be integrated from the ground up rather than attached to existing products. Through updates to Microsoft 365 Copilot and the underlying Work IQ intelligence layer, users can connect their workflow…

SAN FRANCISCO, Nov 18 (Reuters) – In Microsoft’s (MSFT.O), opens new tab view, humans are not the only ones to manage in a workplace. Artificial intelligence needs a manager, too. The software maker on Tuesday announced Microsoft Agent 365, a program for its customers to track what it expects to be 1.3 billion agents automating office work by 2028. Agents are AI-powered programs that perform tasks on humans’ behalf. Microsoft and other companies are actively marketing agent software. While some customers have successfully deployed these systems for code generation, others have struggled with implementation, fueling concerns about a market bubble. According to Microsoft,…

Nov 10 (Reuters) – Legal artificial intelligence company Clio said on Monday it has raised $500 million in a funding round led by New Enterprise Associates (NEA), valuing the company at $5 billion. The funding comes as demand for AI tools that automate professional and office work grows, with firms looking to streamline routine tasks, reduce costs, and improve decision-making. The latest round also included participation from existing investors TCV, Goldman Sachs Asset Management, Sixth Street Growth and JMI Equity. Clio, founded by Jack Newton and Rian Gauvreau in 2008, streamlines legal work for firms of all sizes and is…

Nov 4 (Reuters) – Thomson Reuters (TRI.TO), opens new tab reported higher third-quarter revenue on Tuesday, boosted by investments in artificial intelligence products in its legal and tax and accounting divisions. The Toronto-based content and technology company also reaffirmed its full-year 2025 guidance of a 7% to 7.5% rise in organic revenue, which tracks income from existing businesses on a constant currency basis. “Our third-quarter results reflect continued momentum and the ongoing execution of our AI-driven innovation strategy,” Thomson Reuters CEO Steve Hasker said in a statement. Thomson Reuters shares fell as much as 5% on the Canadian and New York stock…

Modern supply chains have become highly digitized, producing an unprecedented volume and complexity of data. Large enterprises operate vast integration pipelines linking systems like SAP S/4HANA, SAP BTP Integration Suite (CPI), and cloud platforms like AWS. These pipelines process millions of transactions daily that must remain error-free to avoid disruptions. However, as these landscapes grow more complex, real-time anomaly detection and correction becomes increasingly challenging. Traditional monitoring methods (manual IDoc checks, log reviews, static thresholds) are slow and often miss subtle issues. High-volume EDI message flows can exhibit “silent” failures that slip past such checks. If not caught, these anomalies…

Database software firm MongoDB (MDB.O), opens new tab on Monday named Chirantan Desai, Cloudflare’s product and engineering head, as its new chief executive officer, effective November 10. Desai will succeed Dev Ittycheria, who is stepping down after more than 11 years leading the company. Ittycheria will also remain on the board and serve as an adviser to support the transition. Desai, a veteran technology executive with over 25 years of experience, previously also held senior roles at ServiceNow (NOW.N), opens new tab, EMC, Symantec and Oracle (ORCL.N), opens new tab. The leadership transition follows a comprehensive CEO search supported by an executive search firm.…

Versant Funding funded a $2.5 million non-recourse factoring facility to a company that provides software and consulting services to major multinational companies.The factoring company this business had relied upon for many years to meet its working capital needs refused to fund against invoices from a few key accounts. The resulting cash shortfall was reducing the company’s ability to service its customers.“Versant focuses solely on the credit quality of our clients’ customers,” according to Chris Lehnes, Business Development Officer for Versant Funding, and originator of this financing opportunity. “Since the company’s key accounts were financially strong entities, we were willing to factor…

Investors The round was led by Cogito Capital Partners, with participation from the Fenton/Greer Family Trust and existing investors Northzone, Atomico, 42Cap, and Lightrock. Cogito Capital Partners is a venture capital firm based in Warsaw and New York, investing in later-stage and early-growth B2B tech companies, with a particular focus on businesses with a Central European footprint and global expansion potential. The firm focuses on enterprise software, fintech, and physical AI businesses. Cogito’s portfolio includes Applica (acquired by Snowflake) and other high-growth European scale-ups. Katana Use of Funds The company will use the funding to support its global expansion, AI-driven product innovation, and continued…