Latest news with #EnterpriseResourcePlanning
Mid East Info
2 days ago
- Business
- Mid East Info
NBO Launches API Gateway to Accelerate Oman's Digital Financial Transformation - Middle East Business News and Information
2 July 2025, Muscat: The National Bank of Oman (NBO) has officially launched its Application Programming Interface (API) Gateway, marking a significant step towards advancing the Sultanate's digital banking landscape. The secure platform enables seamless integration between the customer's systems and NBO's channels, offering real-time access to a wide range of banking services. Commenting on the launch, Mohamed Yahya Al Jabri, Assistant General Manager & Head of Global Transactions, said, 'The launch of the NBO's API Gateway represents a significant step in our strategic drive to empower Oman's digital economy. By providing secure, real-time access to our banking services, we are not only enabling connections; we are utilising innovation and driving automation at unprecedented speeds. This initiative lays the foundation for a dynamic financial ecosystem targeting key sectors such as SMEs, e-commerce, fintech and large-scale infrastructure projects.' Live across Oman, the API Gateway serves as a foundational tool for corporate customers, government entities and fintech developers, supporting integration with Enterprise Resource Planning (ERP) systems, treasury functions and custom financial applications. It aligns with the Central Bank of Oman's vision to enable open banking and foster a digitally connected financial ecosystem. Through a robust set of APIs covering payments, accounts, mandates, CRM, cards, loans and open banking use cases, NBO's platform empowers businesses and developers to streamline operations and drive automation. The gateway supports both corporate API banking and open banking models, including AISP and PISP functions, while adhering to international security standards. Customers can access the API Gateway through a dedicated developer portal. Once approved, they can connect to the live environment. The platform is built to grow and supports future plans such as fintech onboarding and deeper digital collaboration with corporate and government clients.
Deccan Herald
27-06-2025
- Business
- Deccan Herald
Five mantras India's MSMEs must follow to scale up
As the world gears up to celebrate the MSME Day, the micro, small, and medium enterprises (MSMEs) in India stand at transformative from April 1, the classification limits for MSMEs have been raised dramatically: with the investment caps increased by 2.5 times and the turnover limits doubled. Micro enterprises can now have investments in plant and machinery or equipment up to ₹2.5 crore, and record turnover up to ₹10 crore, while small enterprises can go up to ₹25 crore and up to ₹10 crore respectively, and medium enterprises can scale up to ₹125 crore in investment and ₹500 crore in turnover. The move is a shot in the arm for MSMEs, helping them scale up without losing access to government sops for the sector. It also serves as a boost to job creation and capital growth ambitions are fuelled on the one side, the MSME sector is riddled with several challenges that continue to cast a long shadow over the sector's progress: the persistent problem of lower bargaining power vis-à-vis their bigger customers, resultant delayed payments and liquidity crises, inability to withstand competition from big players who can harness the benefits of economies of scale, unorganised and informal nature of operations, slower adoption of technology, relative inaccessibility of low-cost funding options, to name a considering scheme to help MSME exporters register goods in new markets: up brings new complexities and risks: larger operations, more employees, wider supply chains, and more exposure to market fluctuations. Hence, to scale up confidently, MSMEs must learn to straddle both resilience-building and growth resilience in MSMEs requires a comprehensive multi-pronged approach. The pandemic, for one, taught us that resilience is not a luxury but a Funding and Prudent Credit Management: To scale up, MSMEs need new funding. With enhanced credit guarantee schemes, roll out of credit card facilities for MSMEs, bill-discounting facilities, especially the TReDS platform (Trade Receivables Discounting System), and digital lending platforms, the sector now has more options than before. However, prudent financial management is keep the cost of capital minimum and to avoid mismatch of cash inflows and outflows, MSMEs should diversify funding sources and judiciously mix and match them. This also avoids over-reliance on any single funding channel. Maintaining healthy cash reserves and tracking receivables are evergreen essentials, especially given the challenge of delayed Transformation: Digital adoption is no longer optional. Implementing cloud-based accounting, ERP (Enterprise Resource Planning) and basic GRC (Governance, Risk and Compliance) systems, will help streamline operations, build better internal controls, and ring in good governance. It sure will entail initial cash outflows, but it will pay for itself many times over, by building reliable systems that infuse growth with for software-as-a-service or infrastructure-as-a-service models offers flexibility to scale up or down as needed, on demand and on the go. Embracing agentic AI and generative AI in various processes can simplify and strengthen processes, while AI-driven analytics can help MSMEs predict market trends and manage risks proactively. E-commerce platforms and digital marketing avenues can open new revenue streams, and reduce dependence on local markets, providing a buffer against the vagaries of local Chain and Market Diversification: As growth beckons, building resilient supply chains is indispensable. MSMEs must build relationships with multiple suppliers, explore local sourcing as well as imports, wherever appropriate, and leverage digital procurement tools to ensure seamless on-tap procurement. Similarly, on the downstream side of the supply chain, exploring new distribution channels, and tapping into export markets or diversifying into different regional customer bases can help spread risk while unlocking new growth and Compliance: As MSMEs scale, robust governance becomes critical. This is more so if MSMEs want to approach private equity or hit the public market through equity IPOs, which will give access to large capital without necessitating interest payments or mandatory repayments. Regular statutory and internal audits, tax and labour law compliance, robust accounting, and adherence to other legal and regulatory requirements demonstrate accountability, build investor confidence, and help prevent governance Adopting sustainable practices like energy efficiency, waste reduction, ethical sourcing and hiring practices, can have a multiplier effect on resilience. Not just that, sustainable practices are increasingly demanded by end customers and investors. Embracing sustainability and demonstrating it through sustainability reporting not only reduces operational risks but also enhances brand value and opens doors to new road ahead for MSMEs is lush with opportunities, while also being freckled with risks. It is all about dreaming with eyes open, while staying grounded, and keeping the business guarded against the known unknowns and the unknown unknowns. For now, it is time to celebrate India's entrepreneurial spirit with renewed fanfare and Ganapathy Subramanian is a Chennai-based practising company secretary, and Ranjith Krishnan is a Thane-based sustainability The views expressed above are the author's own. They do not necessarily reflect the views of DH.
Yahoo
26-06-2025
- Business
- Yahoo
Top Stock Movers Now: Enphase Energy, McCormick, Equinix, and More
U.S. equities gained at midday as the government reported fewer initial jobless claims than had been expected. The possibility Congress may not eliminate tax incentives for rooftop solar installations lifted shares of Enphase Energy and others in the sector. Equinix gave a weak long-term outlook, leading to analyst downgrades.U.S. equities were higher at midday as the latest unemployment data suggested the job market remained strong. The Dow Jones Industrial Average, S&P 500, and Nasdaq all advanced. Enphase Energy (ENPH) was the best-performing stock in the S&P 500, and shares of other solar power companies rose as well, on indications Congress may not cut federal tax incentives for residential rooftop solar installations. McCormick (MKC) shares jumped as the spice maker posted better-than-expected profit on a higher volume and product mix, and said it was in a position to deal with the impact of higher tariffs. Shares of Freeport-McMoRan (FCX) and rival copper miners took off along with the price of the metal, which gained on concerns about supply and higher demand. Equinix (EQIX) shares tumbled on downgrades from Raymond James and BMO as the internet services firm gave a soft long-term outlook at its analyst day event. Shares of Clorox (CLX) fell when Jefferies lowered its price target, citing the potential effect of the consumer products maker's rollout of its U.S. Enterprise Resource Planning system. Kratos Security & Defense Solutions (KTOS) shares declined after the military contractor announced a $500 million stock sale. Oil futures increased. Gold prices slipped. The yield on the 10-year Treasury note ticked lower. The U.S. dollar lost ground to the euro, pound, and yen. Most major cryptocurrencies fell. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Indian Express
25-06-2025
- Business
- Indian Express
67% of Indian MSMEs show digital readiness, but gaps in skills and awareness remain: CMR study
Two out of three Indian micro, small, and medium Enterprises (MSMEs) are digitally equipped with many of them utilising enterprise tools and emerging technologies like artificial intelligence (AI) to enhance operational efficiency, according to a new study by CyberMedia Research (CMR). But while digital adoption is on the rise, challenges related to trust and reliability are slowing the pace of transformation for many businesses. The pan-India study, which surveyed over 400 MSMEs across sectors like manufacturing, education, retail, and IT services, found that 43 per cent of MSMEs were proficient in tools like Enterprise Resource Planning (ERP) and cloud computing, and 23 per cent already using advanced technologies such as AI. Despite these gains, many MSMEs remain cautious. The biggest barriers to adoption among growing businesses include a 'lack of clarity on the value and relevance' of digital tools (84 per cent), concerns over data security (81 per cent), and a lack of advanced digital skills (56 per cent). As digital choices become increasingly complex, a growing number of MSMEs are turning to advisory platforms for support. The study found that 62 per cent of MSMEs actively seek digital advisory guidance, often through MSME-centric online communities, professional forums, and peer networks. One standout in the digital advisory space is Vi Business' #ReadyForNext (RFN) program, which emerged as India's most widely recognised MSME-focused advisory platform, acknowledged by 57 per cent of surveyed businesses. Among those who used the RFN platform, more than 80 per cent reported digital fluency across both core and advanced tools, pointing to the platform's role in supporting digital upskilling. Businesses engaging with the RFN initiative reported measurable benefits: 62 per cent experienced improved business connectivity, 37 per cent saw faster decision-making enabled by real-time insights, 33 per cent reported growth in market reach or revenue, and 33 per cent achieved greater operational efficiency. User sentiment was also positive, with 64 per cent of MSMEs expressing overall satisfaction with the platform's services and 65 per cent indicating they would recommend it to their peers. 'India's digital momentum is being reshaped by a growing base of MSMEs adopting technology to drive competitiveness and innovation,' said Prabhu Ram, Vice President, Industry Research Group, CMR, in a statement. 'While the signs of digital maturity are promising, there remains a sizable segment that faces persistent barriers – especially around awareness, skills and cybersecurity,' Ram added. Ram added that initiatives like #ReadyForNext are increasingly being acknowledged for their role in guiding digital transformation journeys, especially for businesses unsure of how to evaluate or adopt emerging technologies.
Yahoo
16-06-2025
- Business
- Yahoo
PEAK ROCK CAPITAL AFFILIATE SELLS AMTECH SOFTWARE TO VISTA EQUITY PARTNERS
Amtech more than tripled its annual recurring revenue and more than doubled its team during Peak Rock's ownership AUSTIN, Texas, June 16, 2025 /PRNewswire/ -- An affiliate of Peak Rock Capital ("Peak Rock"), a leading middle-market private equity firm, announced today it has signed a definitive agreement for the sale of Amtech Software ("Amtech" or the "Company") to Vista Equity Partners. Amtech is a leading provider of industrial software to the global packaging industry. The Company provides an end-to-end suite of products including Enterprise Resource Planning (ERP), Manufacturing Execution System (MES), and Customer Relationship Management (CRM) solutions. The Company's comprehensive platform provides digital connectivity across these product suites with functionalities spanning the entire value chain from order to cash. Since acquiring Amtech from its founder, Peak Rock has supported the Company's strategic growth and operational initiatives. This included converting the Company to a recurring subscription revenue model, launching new products, executing a strategic acquisition, and expanding in multiple geographies and end markets. The Company also invested heavily in additional corporate infrastructure, including new information technology systems and enhanced operational capabilities. During its partnership with Peak Rock, Amtech more than tripled its annual recurring revenue (ARR) and more than doubled its headcount. Preston Thomas, Managing Director of Peak Rock, said, "We are extremely proud of the success Amtech has achieved under Peak Rock's ownership. Since partnering with Amtech's founder, Cosmo DeNicola, we have helped support the Company with strategic and operational resources to achieve transformational growth, convert to a highly recurring subscription revenue model, and significantly increase its product differentiation through investments in research and development." Chuck Schneider, Chief Executive Officer of Amtech, added, "Peak Rock's partnership has been critical to Amtech's impressive growth through significant investments in the Company's team, technology and capabilities. We look forward to continuing to support our customers with our leading software solutions." "Amtech combines deep industry expertise with strong customer relationships and a clear perspective on the future of packaging technology," said Jake Hodgman, Managing Director at Vista Equity Partners. "We share their commitment to modernizing operations for manufacturers and are thrilled to support them in this next chapter of growth." Anthony DiSimone, Chief Executive Officer of Peak Rock, said, "This transaction is another great example of Peak Rock's software investing strategy and the breadth of our portfolio featuring market leading technology businesses. Peak Rock has expertise in providing resources and strategic partnership to support the rapid growth of family and founder-owned businesses. We look forward to partnering with additional software businesses that can benefit from our capabilities to achieve transformational outcomes." Houlihan Lokey and Macquarie acted as financial advisors and Kirkland & Ellis LLP acted as the legal advisor to the Company on the transaction. ABOUT AMTECH SOFTWARE Founded in 1981, Amtech Software is a leading provider of industrial software to the global packaging industry. The Company's fully-integrated product suite of modules and enterprise solutions provides a compelling value proposition to the full spectrum of manufacturers. Amtech is headquartered in Fort Washington, Pennsylvania. For more information visit ABOUT PEAK ROCK CAPITAL Peak Rock Capital is a leading middle-market private investment firm that makes equity and debt investments in companies in North America and Europe. Peak Rock's equity investment platform focuses on opportunities where it can support senior management to drive rapid growth and performance improvement, with expertise in corporate carve-outs and partnering with families and founders seeking first-time institutional capital. Peak Rock's credit platform invests across capital structures, with a broad mandate to provide flexible, tailored capital solutions to middle-market and growth-oriented businesses. Peak Rock's real estate platform makes equity and debt investments in small to mid-sized real estate assets in attractive, growing geographies. For further information about Peak Rock Capital, please visit ABOUT VISTA EQUITY PARTNERS Vista is a global technology investor that specializes in enterprise software. Vista's private market strategies seek to deliver differentiated returns through a proprietary and systematic approach to value creation developed and refined over the course of 25 years and 600+ transactions. Today, Vista manages a diversified portfolio of software companies that provide mission-critical solutions to millions of customers around the world. As of December 31, 2024, Vista had more than $100 billion in assets under management. Further information is available at Follow Vista on LinkedIn, @Vista Equity Partners, and on X, @Vista_Equity. Media Contact:Daniel YungerKekst View original content: SOURCE Peak Rock Capital Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
