Despite a fairly disruptive week of trading for the technology market, Anaplan saw a significant surge after joining the stock market at the end of last week. Shares for Anaplan increased by over 30% to around $24 by the end of their first day of trading, providing a market value of nearly $3 billion. Anaplan confirmed last week that it had raised just over $263 million in its offering, selling individual shares at a price of $17.

Anaplan launched their $263.5 IPO last week

Frank Calderoni, the CEO of Anaplan explained to media that they had no intention of delaying the IPO despite disruptions to the market which moved Nasdaq to its lowest point since May. Calderoni highlights that business remains positive, with new technology jobs at the business and reaching nearly 1,000 clients, including some significant players within other industries. Calderoni was previously the chief financial officer at Cisco and Redhat and replaced the previous CEO at the start of 2017.

Anaplan now joins a series of other emerging software businesses that have joined the public market this year, These include companies such as Dropbox, DocuSign, Elastic and Smartsheet. Most of these emerging companies have had little regard to recent market volatility, with most tech stocks continuing to climb throughout this year.

What is Anaplan?

Anaplan is a market leading cloud-based platform for integrating planning focused systems to large companies. During its IPO, Anaplan intended to raise $217 million but exceeded $263 million. The financial performance of the business is relatively similar to a typical SaaS company, experiencing rapid revenue growth, combined with a continued decline in operational losses. Nearly a thousand businesses spanning 46 nations are using the platform to support a range of business activities including budget management, sales and operational planning.

The Anaplan platform enables the combination of all employees, data and projects of a business to create a strategic plan and make real-time decisions. Key customers of Anaplan include some leading large corporations such as Coca-Cola, United Airlines and HP.

The Anaplan IPO commenced on the NYSE on October the 12th. Earlier this year, one of Anaplan’s key competitors, Adaptive Insights was acquired for just over $1.5 billion. Despite having a large number of competitors and a lengthy history of losses, the existing price indicates a fairly positive upside potential for Anaplan.

Anaplan was founded in 2008 and focuses on selling cloud-based software that businesses utilise for overall planning strategies. The main competition facing Anaplan comes from IBM, Oracle and SAP. In the last month, Anaplan hired Dave Morton as the Chief Financial Officer after a small placement period at Tesla. Calderoni explained that Morton has been a long-term customer of Anaplan and so fitted naturally into the business and its overall strategy.

OneStream has experienced a 189% growth in software sales, driven by the acquisition of new enterprise customers and enhanced cloud adoption.

Following on from its strong progress in 2017, OneStream Software, a market leader in Corporate Performance Management solutions for medium and large businesses recorded a significant increase in software revenue for the first period of 2018. The surge of revenue was driven particularly by the addition of new enterprise customers, expanding its existing customer platform base and an overall increase in cloud developments.

New customers for this year include UPS, Toyota, Burton Snowboards and Alliance Data Systems. Nearly three-quarters of new customers added OneStream to replace Oracle Hyperion, SAP BPC and other traditional popular technology tools.

Industry recognition for OneStream

Just this year OneStream has received recognition from five independent research companies for its industry leadership and high customer support. Gartner highlighted OneStream as a Visionary in its Cloud Financial Close, Planning and Analysis Solutions. Nucleus Research selected OneStream in its leader Quadrant for the 2018 CPM Value Matrix. Dresner Advisory Services awarded OneStream with a perfect Customer Recommend score and named the company at the leader for customer experience and credibility within their enterprise and planning study.

Tom Shea, the CEO of OneStream Software explains that achieving 100% customer success is not their main goal, but is a key factor that is considered within the company. Shea explains that the recent success is driving continued growth, creating more customers and supporting product development decisions.

OneStream solutions for new lease accounting and tax provision

At a conference earlier this year, OneStream launched a series of new products for its XF MarketPlace, the only app store available for CPM, offering tested and proven solutions for the industry. In May, OneStream launched its lease accounting solution to support businesses to meet the required accounting guidelines. OneStream also confirmed the launch of a Tax Provision product to support businesses with tax reporting and planning. The XF MarketPlace portfolio now offers 40 solutions and continues to expand further.

Craig Colby, the chief revenue officer of OneStream explains that they are experiencing continued growth from new customers and their existing customer base. There is a notable increase in the leverage of their XF MarketPlace solutions which Colby suggests is down to the customer-focused approach. Working with customers to replace traditional applications and at the same time manage new issues with the OneStream XF platform is proving to be a successful approach.

What is the OneStream Software?

OneStream Software offers a new corporate performance management (CPM) system that integrated and simplifies financial consolidation, planning, reporting and analytics for businesses. The platform can be utilised via the cloud or on-site. OneStream XF is the first and only existing solution that provides corporate standards and controls, enabling businesses to report and plan specific details without affecting corporate standards. The OneStream XF MarketPlace system includes a range of downloadable solutions enabling customers to enhance the CPM platform and manage the changing financial and operational needs of their business.

What is the Oracle OpenWorld 2018 Event?

Leading CEOs and industry representatives will be attending the Oracle OpenWorld 2018 in San Francisco next week.

Attendees at the 2017 Oracle OpenWorld event

For years Oracle’s community hub of technology and business professional have collaborated at the Oracle OpenWorld to discuss and solve challenges, learn about innovative products and find inspiration. The event provides a conference pass enabling attendees to gain access to over 2,000 educational sessions, training and tutorials on emerging technologies and networking opportunities.

Oracle OpenWorld 2018 will include case studies from over 300 Oracle customers, including FedEx, Gap and American Red Cross and how these businesses use the latest cloud products and technology. The conference will focus on how companies like these have transformed their products, integrated their business processes and successfully implemented their own strategies.

As in previous years, registrants can utilise an online tool to schedule all their sessions via the Oracle OpenWorld site. Some of the key themes at the conference include Your Autonomous Future (autonomous database, AI and machine learning), Tomorrow’s ERP, Evolving Customer Experience and Actionable Business Insights (data analytics, business intelligence and forecasting). High profile speakers at the event include former US Homeland Security head Jeh Johnson, Glitch CEO Anil Dash and Snips CEO Rand Hindi. Oracle will also be hosting three additional events in San Francisco to complement Oracle OpenWorld.

Oracle Code One event will expand on previous JavaOne developer events with more languages, technology and developer communities. Oracle Leaders Circle event will include presentations from leading industry members, such Amity Millhiser, the Chief Client Officer at PwC.

Oracle Product Focus: Financial Consolidation and Close Cloud Services

For many businesses, managing financial consolidation is a challenge that involves time and multiple resources that could be used more effectively for analysis and decision making. Oracle Financial Consolidation and Close Cloud Service provides an end to end solution for effectively managing the consolidation and closed process.

Whatever size the company is, businesses can have complete confidence in their financial consolidation and overall reporting processes. The system enables the process is correct, timely. completely transparent, compliant and auditable.

Oracle’s Financial Consolidation and Close Cloud Service is a cloud solution that can be implemented to meet the requirements of each individual business. Applying best practices enables companies to develop an application that meets their business needs, without the addition of other functions that are not required. Oracle explains that the service enables companies to combine a leading consolidation solution with the capability to customise the solution for all the features they require.

Oracle highlight that it is essential that businesses implement a consolidation and close solution to make their activities more effective, efficient and easier to manage. The Oracle Financial Consolidation and Cloud Service provide a range of useful reasonings for businesses to choose this solution for their close and consolidation strategies.

View the agenda of the upcoming Oracle OpenWorld 2018 event.