Posts Tagged ‘Enprise’

New senior consultant for Enprise in Melbourne

May 30, 2015

This week we gained a new senior consultant and team leader for our Melbourne branch. Sean Cooper has extensive experience in a number of mid-market ERP systems, in particular MYOB EXO and MYOB Advanced.

Sean Cooper

We are delighted to welcome Sean to our team. His appointment lifts Enprise’s local capability to implement and support both MYOB EXO and MYOB Advanced in Australia, particularly the Melbourne region.

Enprise’s rapid growth in 2015 starts now

February 10, 2015

This week Enprise has announced a three-part initiative to kick this year off to a strong start. With an acquisition, a brand new Cloud ERP and a share purchase plan, we’re putting new products, improved customer service and business expansion firmly on the 2015 agenda.

GlobalBizpro_logo

Firstly; Enprise has acquired the MYOB practice of GlobalBizpro, formerly our primary competitor in the New Zealand MYOB EXO market and formerly the second largest New Zealand based MYOB EXO reseller, after us. This acquisition adds a further 142 MYOB EXO customers to our New Zealand client base and around $1.6M to our top-line revenue, including around $762K of contracted recurring revenue per annum.

We welcome the GlobalBizpro team members into our team, giving us a larger pool of qualified and experienced ERP professionals to give “Gold Standard” service and support to our ever-expanding customer base.

ADVANCED-LAUNCH-BANNER-728x90-NZ

Secondly; our increased scale as an MYOB Enterprise partner (the largest in New Zealand and the only MYOB Enterprise partner with branches on both sides of the Tasman), places us well to be the leading sales partner for the newly announced “MYOB Advanced” Cloud ERP platform.

The Cloud is a major driver of business IT innovation and investment. MYOB Advanced has everything going for it to become the dominant mid-market Cloud ERP for New Zealand and Australia – because it is a brand new (yet well proven in America) Cloud ERP, using the latest technology, from Australasia’s largest and leading business software vendor.

I see this as a very exciting and significant new offering and addition to our business in both New Zealand and Australia.

EnpriseLogo

Thirdly; we are launching a Share Purchase Plan (SPP) offering all Enprise Group shareholders as at 20th February 2015 the opportunity to buy up to 30,000 ENS shares at 50 cents each.

This offer enables shareholders to participate further in Enprise Group’s growth and value creation strategies. It also strengthens our balance sheet and increases our cash reserves to fund ongoing expansion activities, including investment in MYOB Advanced Cloud ERP capabilities as well as the GlobalBizpro and other acquisitions.

All four of the company’s directors, including myself, will be buying shares in the SPP, either directly or indirectly.

New products, improved customer service and business expansion are firmly on our 2015 agenda. This is where it starts.

Enprise acquires MYOB partner, GlobalBizpro

February 9, 2015

GlobalBizpro_logo

Today Enprise Group announced its acquisition of the MYOB practice of New Zealand software services company, Global Bizpro Ltd. The deal brings together two top MYOB Enterprise partners to form a combined business with around 850 mid-market business customers and by far the largest team of qualified MYOB consultants in New Zealand, with branches in Auckland, Hamilton, Wellington, Sydney and Melbourne.

From a customer perspective the deal continues our strategy to grow our business by striving to deliver the very best customer service and support for MYOB EXO customers across Australia and New Zealand – “The Gold Standard in MYOB EXO service”. The Global Bizpro acquisition adds scale and further depth of expertise to the Enprise team and improves our ability to give exceptionally good service and support to our customers.

The additional scale and resources are also important as we ramp up to support MYOB’s powerful new mid-market Cloud ERP software “MYOB Advanced”. I predict that MYOB Advanced will take the New Zealand and Australian ERP market by storm this year.

MYOB EXO is the leading business software solution used by mid-sized companies and organizations across New Zealand and Australia. MYOB EXO is a client server, on-premise solution which is still the preference of many businesses.

Other businesses are looking for a Cloud solution. MYOB Advanced is a very powerful and sophisticated Cloud offering. It leapfrogs existing Cloud competitors and we already have a number of new customers who are ready to go with MYOB Advanced.

Accordingly we have invested considerably in upskilling to provide the same levels of support for MYOB Advanced as we do for MYOB EXO. We see a strong future for both MYOB products.

“MYOB Advanced” – new Cloud ERP for mid-sized businesses

January 29, 2015

ADVANCED-LAUNCH-BANNER-300x250-NZ

There was exciting news this week as MYOB officially released MYOB Advanced, a new Cloud-based ERP & business management platform for mid-sized New Zealand and Australian businesses.

While newly released in New Zealand and Australia, MYOB Advanced is based on the American Cloud ERP called Acumatica, which MYOB invested $13.3M into last year. Acumatica is a powerful and successful Cloud ERP, proven in the American market, whereas MYOB Advanced is optimised for the New Zealand and Australian market.

Over the last year, Enprise has invested in evaluating, understanding and getting staff formally trained in MYOB Advanced.

We see this as a powerful and complementary addition to the MYOB EXO product range, giving Enprise customers the choice of either an on-premise ERP solution with MYOB EXO or a Cloud solution with MYOB Advanced. Hosted MYOB EXO is another popular option.

At this early stage Enprise has already sold MYOB Advanced to one customer and we have a number of other prospective customers in the process of signing up.

Watch this space, I think this product is a winner!

Enprise listing is NZAX finale

December 4, 2014

Enprise NZAX launch

Enprise Group has the historical honour of being the last company to be listed on the NZAX board. I was only advised of this on Monday by NZX staff during our listing celebration. Apparently the NZX is not accepting any more applications for the NZAX and will instead be encouraging companies to either list on the new NXT board or the Main Board, as appropriate.

The NZX states on its web site that it “intends to continue to support companies that are listed on the NZAX market for the foreseeable future”. Enprise Group will most likely shift to the NXT market some time over the next two years.

The picture above was taken at our listing celebration on Monday and includes (from L to R) Jens Neiser (Enprise director), me, Elliot Cooper (Enprise CFO & director), Sean Joyce (our NZX sponsor) and Aaron Jenkins (NZX Head of Markets). Photo by Bruce Jarvis.

NXT Announcement

Enprise listed on the NZAX

December 1, 2014

This morning at 11am NZ time, Enprise Group was listed on the NZAX board of the New Zealand Securities Exchange (NZX). The shares opened at 32 cents, peaked at 60 cents and closed the day on 55 cents.

Enprise lists on the NZAX

Here is the speech that I gave at the listing celebration that was held at the NZX’s Auckland office;

Ladies and Gentlemen, welcome and thank you for joining us here today for this very special event in the history of Enprise Group.

Today Enprise is a small software group with big aspirations.

At this time we own three software businesses that provide world-class financial & business management solutions to medium sized businesses in New Zealand, Australia and around the world.

Today we are setting off on a new journey as a public listed company in New Zealand on the NZAX board. Previously, when we were known as Datasquirt Ltd, we were listed in Australia on the ASX board and following the sale of the Datasquirt business to LiveOps of Silicon Valley, we were briefly listed on the Australian NSX board before we delisted in October to cross the Tasman to NZAX.

We have some success stories behind us – where we created software businesses and solutions that we grew and sold to larger international companies. In all we have created value for our customers, partners, staff and shareholders.

Going forward we are in the business of creating many more business successes by utilizing the talented and creative people we have in New Zealand and Australia. Taking our software and services to the world and to our own home markets in New Zealand and Australia.

We have strong, long-standing strategic partnerships with global powerhouses; MYOB, SAP and Microsoft. We have exciting new Cloud and mobile software solutions lined up for 2015. Watch this space.

We have a talented team of software professionals in which we will continue to invest in and grow. We will be looking for new software businesses, new people and new opportunities that leverage the powerful partnerships and global channels to market that Enprise Group has today.

Today we are but a small software group, but we have big aspirations and a vision for the future. We are looking for long-term investors to join us on this new journey. Today is a great time to get on board.

This is a compliance listing with the NZAX, which means that Enprise is not issuing new shares to the market at this time. Thus we offer an opportunity for all existing Enprise Group shareholders to trade their shares and for New Zealand investors to join us on our way into a prosperous future.

I can tell you that I am not selling any of my Enprise shares and have no intention to sell for the foreseeable future.

Thank you again for joining us on this auspicious occasion.

We now count down to the listing…

Why Enprise is listing on the NZAX

November 21, 2014

Enprise Group will list on the NZAX board on Monday 1st December 2014 under the code “ENS”.

EnpriseLogo

Our reasons for choosing to list in New Zealand are as follows;

Our team at Enprise has a strong history of building successful software businesses that have been sold to larger multinational companies and thereby produced good returns to New Zealand investors. Each of these businesses has been based in New Zealand and all but one has predominantly sold its products overseas and within New Zealand.

Now that Enprise has proven its ability to build successful software businesses and return significant value to shareholders by exiting those businesses, we are about to embark on a new chapter of our evolution, which is to build a public New Zealand-based company which becomes a large profitable technology group that will return long-term value to its shareholders, staff and customers.

The “New Enprise” will be a cash earner, not a cash burner. We hope to attract investors with a long-term view, rather than speculators who look to the short term. We will be looking to grow our business by acquiring businesses that add value to our group and strategically align with our existing businesses.

Enprise Group is a platform for growing global software businesses. That platform already includes strong international partnerships with software giants SAP and MYOB, as well as a channel of nearly one hundred accounting software re-sellers who sell or have sold Enprise products, throughout North America, Australasia, Africa and the UK. Enprise already has a trusted brand around the world with it’s own SME-focused re-seller channel.

As an example of Enprise’s M&A strategy; Enprise Group recently acquired Datagate Innovation which is an early-stage start-up that has built a Cloud-based multi-tenanted billing and analytic portal for Telco and Utility companies. There is huge demand for that product in New Zealand and Datagate already has a queue of local clients waiting, as well as a strategic relationship with a major New Zealand Telco. Our strategy is to prove the business model in New Zealand, establish a base of reference clients – and then take the product to the world, leveraging our international base of partners. This is a strategy similar to what Enprise followed previously with EMS-Cortex, which successfully grew its international base of Telco customers before being sold to Citrix Corporation.

When I invest, I invest predominantly in people – and I base that on their track records. I encourage potential investors to research the track record of Enprise Group and compare what was achieved in the past with what we are aiming to do in the future. We are looking to build our base of long-term investors to join us on this journey.

That is why Enprise is listing on the NZAX on Monday 1st December.

Enprise’s team has a long history in building business value

November 18, 2014

Enprise Group and its team have a strong track record in building valuable businesses. Here are some high-profile, high-value businesses that form part of Enprise’s value-creation history.

PC Direct

PC Direct (1989–1998)
PC Direct manufactured, distributed and supported personal computers under its own brand in New Zealand. Its sales channel was the direct, phone-based, channel by-passing the reseller network. Growth of PC Direct to become the #1 reseller of desktop computers in New Zealand was leveraged off the company’s integrated system – linking design, inventory, production, sales, despatch, service and accounting. The systems developed by PC Direct provided one of the company’s main competitive advantages.
Enprise CEO Mark Loveys, Enprise CFO Elliot Cooper and Enprise Datagate COO Steve Southon were all members of the executive management team of PC Direct and all made significant contributions to building the automated systems of the business.
Business sold in 1996 for NZ$ 27M

Exonet

Exonet (1998-2000)
Exonet was an ERP software company founded by Mark Loveys, Maurice Bryham and David McKee Wright that developed the Exonet suite of business software that is the top-selling mid-market ERP in Australia and New Zealand, owned by MYOB and known as MYOB EXO. Enprise Solutions is the top reseller of MYOB EXO in New Zealand with sales offices in Auckland, Hamilton, Wellington, Sydney and Melbourne.
Enprise CEO Mark Loveys was a founder and original developer of Exonet. Enprise CFO Elliot Cooper was CFO and a product designer. Enprise Datagate COO Steve Southon was Development Manager.
Business sold in 2000 for A$ 30M

Datasquirt

Datasquirt (2000-2011)
Datasquirt was a Cloud software company that developed a non-voice multi-channel messaging solution for corporate contact centres. Datasquirt floated on the ASX in 2007 and had offices in Auckland, Sydney and London. The business was sold in 2011 and the remaining listed shell acquired the Enprise businesses, renaming itself to Enprise Group Ltd.
Enprise CEO Mark Loveys was a founder and original developer of Datasquirt. Enprise CFO Elliot Cooper joined as CFO. Enprise directors Lindsay Philips and Jens Neiser were directors and investors in Datasquirt.
Business sold in 2011 for US$ 12.5M

EMS Cortex

EMS Cortex (2006-2011)
EMS Cortex was a Cloud software company that was acquired by Enprise in 2006 for NZ$ 2.52M as part of an investment in Enprise by TMT Ventures. EMS Cortex created a Cloud Control Panel for provisioning Cloud Software. Key customers were Telecom NZ, Telus of Canada, Melbourne IT and other major Telcos & Hosting Companies around the world
Enprise CEO Mark Loveys and Enprise CFO Elliot Cooper were CEO and CFO respectively, while EMS Cortex was a division of Enprise.
Business sold in 2011 for US$ 11.5M

The Future
Today our focus is on building the businesses of Enprise Group, which are Enprise Solutions, Enprise Software and Datagate Innovation.

Enprise Group Ltd will be listed on the NZAX stock exchange under the code “ENS” from Monday 1st December 2014.

Why Datagate? Why Now?

October 9, 2014

Datagate

People ask me what the logic is behind Enprise Group acquiring Cloud Portal provider, Datagate Innovation Ltd. Here is the background;

Datagate Innovation Ltd is an early-stage, cloud-software developer that is building a product called “Datagate” which is a Cloud Portal for Telco and Utility Resellers to offer on-line rating, billing and usage analysis to their customers.

Datagate is a browser-based Cloud Application which is built on the latest Microsoft technology and is deployed on the highly-scalable Microsoft Azure global platform. It has data feeds coming in from major Telcos and Utility Providers from where it collects the raw data upon which it’s billing and analytical reports are based.

Go-to-Market Strategy

Datagate is building and demonstrating the value of the Datagate product within the New Zealand Telco and Utility markets, before expanding into larger countries with much larger sales potential. New Zealand is considered an ideal test market because it is a small-scale representation of the Telco and Utility markets of larger economies.

When Datagate reaches the stage of targeting markets outside of New Zealand, it will have access to Enprise’s SAP Business One reseller channel, with nearly 100 established reseller relationships in USA, Canada, UK, Australia, New Zealand and South Africa. To these partners, Datagate is a vertical industry solution for SAP accounting software that will open opportunities in the Telco and Utility space. This channel will give Datagate an immediate effective international sales and implementation workforce.

Datagate’s sales strategy is to partner with major Telco’s and Utility companies in order that they promote Datagate to their wholesale channels. This is a win-win partnership because Datagate gets the qualified referrals to potential customers and the Telco or Utility Company gets a more efficient and effective reseller channel with tighter integration and lock-in to their own services.

Convergence of Telcos and Utilities

Datagate enables Telco resellers to sell Utility Services such as electricity and likewise, enables Utility resellers to sell Telco services, such as broadband, Cell phone services, SIP trunks etc.

Datagate’s Value Proposition to the Channel Owner

Channel Owners are Telcos and Utility companies who typically have reseller channels through which they wholesale their offerings. Datagate removes a major obstacle for small to medium sized resellers of Telco and/or Utility services – by automatically handling the complex tasks of on-line rating, billing and analytic reporting. This enables the Channel Owners to expand their reseller channels faster and wider than previously possible and for the resellers to operate more quickly and efficiently. Datagate’s agility also enables Telco’s and Utility companies to bring new products and services to market potentially faster through their wholesale channel than through their direct channel in many cases, given that their own systems are not as flexible as Datagate.

Datagate Value Proposition to Retail Resellers (Datagate’s customers)

Rating and billing of Telco services is very complicated, with high volumes of billing lines, complex pricing formulae and relatively low values per line – all typically on a monthly recurring basis. Standard, off-the-shelf accounting software cannot handle this complexity, so specialized billing and analytical systems, such as Datagate are required. Some resellers have attempted to create their own in-house software at large development and on-going support cost. Datagate lowers this barrier and is cheaper to maintain as it is spread across multiple resellers.

Datagate enters the market at a time when hugely scalable host platforms are now available, such as Microsoft Azure that can handle “big data” at relatively low cost. Datagate makes the complex job of Telco billing easy and is charged on a friendly monthly subscription basis, with relatively low up-front costs.

Datagate Value Proposition – End Customer

End customers have now come to expect on-demand access to their Telco and Utility billing accounts on-line in a similar manner to which the large players such as Spark, Vodafone and the large power companies provide their billing and usage analysis reporting. End customers of the smaller resellers who use Datagate will get all the advantages of data immediacy that they would have in dealing with a large corporate supplier (thanks to Datagate billing and analytic services) with the added advantage of dealing with a smaller, more flexible supplier. This expectation will continue to grow; something that many resellers are unable to economically provide.

Datagate will continue to raise these end-user expectations in the market, whilst giving resellers an effective way of delivering to this expectation.

Optimum Time

Datagate is entering the market at an optimum time when global Telcos and Utility Companies are under increasing price and margin pressure and are seeking to expand their reach through wholesale reseller channels (on the basis that smaller business customers are best served by smaller, more agile resellers). A major barrier to smaller resellers operating in this space is the complexity of Telco and Utility billing. It is not economically viable for smaller resellers to develop their own specialized systems and standard off-the-shelf accounting systems will not handle this billing complexity (nor be able to automatically process the Telco & Utility data-feeds).

From a technology perspective, Datagate’s timing is perfect, as Cloud software and mobile computing have reached widespread acceptance and massively-scalable yet relatively low-cost global deployment platforms such as Microsoft Azure have emerged.

The technology answer to the needs of large Telco’s & Utility companies and their reseller channels, is a common Cloud-based solution charged on a subscription (per end-customer) basis, with relatively low up-front costs. This is Datagate.

The need is there, the technology and the low-cost scalable hosting platform is there. The time is right for Datagate.

Enprise Job & SAP B1 for DCAA compliance

April 14, 2014

DCAA Compliance

Contractors that supply goods and services to the United States Department of Defense must adhere to regulations governing the way they configure and operate their accounting systems. The DCAA (Defense Contract Audit Agency) is the government agency that audits and assesses their compliance with these regulations based on the type of contract they have with the government.

A contractor is said to be “DCAA Compliant” when their accounting systems and processes comply with the regulations set out in the web site www.dcaa.mil

The following capabilities of SAP Business One and Enprise Job provide an ideal and powerful platform for configuring a DCAA compliant accounting and project costing solution;

  • Proper segregation of direct costs from indirect costs
  • The ability to identify and accumulate direct costs by contract
  • A logical and consistent method for the allocation of indirect costs to intermediate and final cost objectives
  • Accumulation of costs under general ledger control
  • A timekeeping system that identifies employee’s labor by intermediate or final cost objectives
  • A labor distribution system that charges direct and indirect labor to the appropriate cost objectives
  • Interim determination of costs charged to a contract through routine posting to books of account.
  • Exclusion from costs charged to Government contracts of amounts that are not allowable pursuant to FAR Part 31, Contract Cost Principles and Procedures, or other contract provisions
  • Identification of costs by contract line item and units (as if each unit or lines was a separate contract) if required by the proposed contract
  • Segregation of pre-production costs from production costs

For more specific information on Enprise Job, SAP Business One and DCAA compliance, please refer to our white paper, Enprise Job and DCAA Compliance.