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FULL-SPEED AHEAD FOR SAGE X3 WITH KEY PARTNERSHIPS AND INTEGRATIONS

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FULL-SPEED AHEAD FOR SAGE X3 WITH KEY PARTNERSHIPS AND INTEGRATIONS

Sage’s enterprise cloud business management solution shows continuing momentum, gaining traction through new cloud release and the development of a fast moving ecosystem

Sage, a market leader in cloud accounting software, announces today at Sage Summit the continued success of the Sage X3 business management solution with the launch of the new Sage X3 cloud release Update 10, and a growing ecosystem of cloud applications.

At last year’s Sage Summit, Sage CEO Stephen Kelly announced the end of Enterprise Resource Planning (ERP), stating it was often synonymous with ‘Expense, Regret & Pain’ for business users. Since last year, Sage X3 has delivered faster, simpler and more flexible business management to mid-sized enterprise customers, dramatically cutting the cost and complexity of typical enterprise ERP systems. As a result, Sage X3 saw its customer base grow by more than 29%globally since last year’s product update. The new Sage X3 Update 10, available to Cloud customers in August,further improves the solution functionality and user experience, reinforcing Kelly’s commitment to help midsize enterprises regain responsiveness and agility in managing complex operations.

Keeping businesses moving – Sage X3 Distribution Cloud

Sage is also demonstrating its commitment to deliver integrated Industry Solutions, designed to simplify the management of the entire value chain, end to end. This is enabled by the unique set of functionality Sage X3 can provide in the midsize enterprise market, and the strong interest from partners to build upon the Sage X3 platform, resulting in a fast growing ecosystem of complementary cloud applications integrated with the solution.

Today, Sage announced its partnership with mobile commerce solution provider XM Developments to deliver engaging and personalized shopping experiences on any device, along with the planned availability of a new connector for Sales force CRM Enterprise Editions. This completes Sage X3’s strategy to deliver an integrated, enterprise-class cloud solution for global distributors. The new Sage X3 e-commerce solution provides the following enhanced benefits to distributors:

  • Ensures webstore data are consistent with product, inventory, sales and customer data at all times.
  • Boosts online sales with advanced cross-sell and digital marketing capabilities.
  • Accelerates the creation of new stores by using pre-built templates available for specific industries.
  • Integrates with payment processing platforms (Sage Pay), and delivers enterprise-class security and scalability
  • Ensures ongoing compatibility with future Sage X3 releases.

Power to the people –Sage X3 People Cloud

In a show of strength on the Sage X3 global cloud strategy, Sage also demonstrates its continued commitment to the recently announced partnership with Fairsail, a global cloud HR management solution built on the Salesforce App Cloud. The cloud people solution will accompany the Sage X3 portfolio of enterprise cloud solutions, and offer midsize enterprise businesses a modern, cloud-first generation of integrated applications to seamlessly manage their business and workforces.

Beyond the existing Fairsail Pay flow integration which allows Fairsail customers to connect to various payroll solutions, the partnership with Sage X3 will enable deeper integration with Sage X3 financials; Sage X3 People (payroll) and other Sage payroll solutions;and Sage business intelligence solutions – to form a comprehensive enterprise cloud solution for HRand people management, available worldwide.

“Giving businesses the ability to operate in the cloud is essential in today’s digital environment,” said Adam Hale, CEO of Fairsail. “By partnering with Sage X3, we’re offering midsize enterprises a faster and simpler global solution that improves workforce visibility, increases HR productivity and delivers great workforce experiences.”

“We have a clear cloud strategy for Sage X3, building up a comprehensive cloud offering in every domain, for midsize and enterprise businesses to manage their finance, distribution, manufacturing, and HR processes more effectively.” said David Krauss, Global Vice President of Product Marketing for Sage’s enterprise cloud solutions. “We refuse to stand still, and are continuously improving the solution for our customers. The Sage X3 partnership with Fairsail sums up what we are doing: providing customers with simple access to the best possible functionality available in the industry to run their business faster, on one, cohesive enterprise cloud business management platform.We aren’t just partnering; we’re investing. Our partnerships prove that.”

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Facebook ‘refriends’ Australia after changes to media laws

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Facebook 'refriends' Australia after changes to media laws 1

By Byron Kaye and Colin Packham

CANBERRA (Reuters) – Facebook will restore Australian news pages, ending an unprecedented week-long blackout after wringing concessions from the government over a proposed law that will require tech giants to pay traditional media companies for their content.

Both sides claimed victory in the clash, which has drawn global attention as countries including Canada and Britain consider similar steps to rein in the dominant tech platforms and preserve media diversity.

While some analysts said Facebook had defended its lucrative model of collecting ad money for clicks on news it shows, others said the compromise – which includes a deal on how to resolve disputes – could pay off for the media industry, or at least for publishers with reach and political clout.

“Facebook has scored a big win,” said independent British technology analyst Richard Windsor, adding the concessions it made “virtually guarantee that it will be business as usual from here on.”

Australia and the social media group had been locked in a standoff after the government introduced legislation that challenged Facebook and Alphabet Inc’s Google’s dominance in the news content market.

Facebook blocked Australian users on Feb. 17 from sharing and viewing news content on its popular social media platform, drawing criticism from publishers and the government.

But after talks between Treasurer Josh Frydenberg and Facebook CEO Mark Zuckerberg, a concession deal was struck, with Australian news expected to return to the social media site in coming days.

“Facebook has refriended Australia, and Australian news will be restored to the Facebook platform,” Frydenberg told reporters in Canberra.

Frydenberg said Australia had been a “proxy battle for the world” as other jurisdictions engage with tech companies over a range of issues around news and content.

Australia will offer four amendments, which include a change to the proposed mandatory arbitration mechanism used when the tech giants cannot reach a deal with publishers over fair payment for displaying news content.

‘UNTESTED’

Facebook said it was satisfied with the revisions, which will need to be implemented in legislation currently before the parliament.

“Going forward, the government has clarified we will retain the ability to decide if news appears on Facebook so that we won’t automatically be subject to a forced negotiation,” Facebook Vice President of Global News Partnerships Campbell Brown said in a statement online.

The company would continue to invest in news globally but also “resist efforts by media conglomerates to advance regulatory frameworks that do not take account of the true value exchange between publishers and platforms like Facebook.”

Analysts said while the concessions marked some progress for tech platforms, the government and the media, there remained many uncertainties about how the law would work.

“Retaining unilateral control over which publishers they do cash deals with as well as control over if and how news appears on Facebook surely looks more attractive to Menlo Park than the alternative,” said Rasmus Nielsen, head of the Reuters Institute for the Study of Journalism, referring to Facebook headquarters.

Any deals that Facebook strikes are likely to benefit the bottom line of News Corp and a few other big Australian publishers, added Nielsen, but whether smaller outlets win such deals remains to be seen.

Tama Leaver, professor of internet studies at Australia’s Curtin University, said Facebook’s negotiating tactics had dented its reputation, although it was too early to say how the proposed law would work.

“It’s like a gun that sits in the Treasurer’s desk that hasn’t been used or tested,” said Leaver.

COOLING-OFF PERIOD

The amendments include an additional two-month mediation period before the government-appointed arbitrator intervenes, giving the parties more time to reach a private deal.

It also inserts a rule that an internet company’s existing media deals be taken into account before the rules take effect, a measure that Frydenberg said would encourage internet companies to strike deals with smaller outlets.

The so-called Media Bargaining Code has been designed by the government and competition regulator to address a power imbalance between the social media giants and publishers when negotiating payment for news content used on the tech firms’ sites.

Media companies have argued that they should be compensated for the links that drive audiences, and advertising dollars, to the internet companies’ platforms.

A spokesman for Australian publisher and broadcaster Nine Entertainment Co Ltd welcomed the government’s compromise, which it said moved “Facebook back into the negotiations with Australian media organisations.”

Major television broadcaster and newspaper publisher Seven West Media Ltd said it had signed a letter of intent to strike a content supply deal with Facebook within 60 days.

A representative of News Corp, which has a major presence in Australia’s news industry and last week announced a global licensing deal with Google, was not immediately available for comment.

Frydenberg said Google had welcomed the changes. A Google spokesman declined to comment.

Google also previously threatened to withdraw its search engine from Australia but later struck a series of deals with publishers.

The government will introduce the amendments to Australia’s parliament on Tuesday, Frydenberg said. The country’s two houses of parliament will need to approve the amended proposal before it becomes law.

(Reporting by Colin Packham and Byron Kaye; additional reporting by Renju Jose, Kate Holton and Douglas Busvine; Writing by Jonathan Barrett; Editing by Sam Holmes and Mark Potter)

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Oil rises on positive forecasts, slow U.S. output restart

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Oil rises on positive forecasts, slow U.S. output restart 2

By Bozorgmehr Sharafedin

LONDON (Reuters) – Oil prices rose on Tuesday, underpinned by the likely easing of COVID-19 lockdowns around the world, positive economic forecasts and lower output as U.S. supplies were slow to return after a deep freeze in Texas shut down crude production.

Brent crude was up 36 cents, or 0.5%, at $65.60 a barrel by 1212 GMT, and U.S. crude rose 39 cents, or 0.6%, to $62.09 a barrel.

Both contracts rose more than $1 earlier in the session.

“Vaccine news is helping oil, as the likely removal of mobility restrictions over the coming months on the back of vaccine rollouts should further boost the oil demand and price recovery,” said UBS oil analyst Giovanni Staunovo.

Commerzbank analyst Eugen Weinberg said optimistic oil price forecasts issued by leading U.S. brokers had also contributed to the latest upswing in prices.

Goldman Sachs expects Brent prices to reach $70 per barrel in the second quarter from the $60 it predicted previously, and $75 in the third quarter from $65 forecast earlier.

Morgan Stanley expects Brent crude to climb to $70 in the third quarter.

“New COVID-19 cases are falling fast globally, mobility statistics are bottoming out and are starting to improve, and in non-OECD countries, refineries are already running as hard as before COVID-19,” Morgan Stanley said in a note.

Bank of America said Brent prices could temporarily spike to $70 per barrel in the second quarter.

Disruptions in Texas caused by last week’s winter storm also supported oil prices. Some U.S. shale producers forecast lower oil output in the first quarter.

Stockpiles of U.S. crude oil and refined products likely declined last week, a preliminary Reuters poll showed on Monday.

A weaker dollar also provided some support to oil as crude prices tend to move inversely to the U.S. currency.

(Reporting by Bozorgmehr Sharafedin in London, additional reporting by Jessica Jaganathan in Singapore; editing by David Evans and John Stonestreet)

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UK-Japan trade deal settled nerves for Japanese firms, Honda executive says

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UK-Japan trade deal settled nerves for Japanese firms, Honda executive says 3

LONDON (Reuters) – Britain’s trade deal with Japan settled the nerves of a lot of Japanese businesses in the United Kingdom and gives them confidence about their future prospects there, a senior Honda executive said on Tuesday.

Japan, the world’s third-largest economy, has since the 1980s made the United Kingdom its favoured European destination for investment, with the likes of Nissan, Toyota and Honda using the country as a launchpad into Europe.

But Britain’s shock 2016 decision to leave the European Union had prompted Japan to express unusually strong public concerns. Their companies and investors warned that a disorderly exit from the EU would force them to rethink their four-decade bet on Britain.

“We welcome very much the Japanese trade agreement which as a Japanese businesses was very welcomed,” Ian Howells, senior vice president at Honda Motor Europe, told a parliamentary committee.

“On the point around confidence, that certainly amongst my peers in Japanese companies was very much welcomed, and probably settled a lot of nerves in terms of their trading prospects in the UK going forward.”

Britain and Japan formally signed a trade agreement in October, marking Britain’s first big post-Brexit deal on trade. It has also made a formal request to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), of which Japan is also a member.

(Reporting by Kate Holton)

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