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Re: vlispxpert post# 19693

Thursday, 11/15/2018 8:17:07 PM

Thursday, November 15, 2018 8:17:07 PM

Post# of 27787
Vlisxp,,,here is the exerpt: We are also deepening our partnership with SAP. For those of you new to Ameri100 SAP is increasingly a partner in the truest sense in the word. SAP recognizes the value we have in expanding its addressable market and we want a bigger piece of the cloud opportunity that is driving SAP's growth. SAPs contributions to our business development efforts are increasing. We are in the process of formalizing a partnership with SAP's Ariba division that will enhance our capabilities to help clients build digital supply chains that better address cross functional business decisions, collaborate with suppliers in real time and simplify compliance. At the time when enterprises are looking to turn their supply chains into a competitive growth driven differentiator as part of their journey towards a digital intelligent enterprise this partnership enables us to expand our SAP practice areas to include spend management. This gives us a presence across the majority of the fastest growing segments of the overall SAP ecosystem.

On our second quarter conference call, I mentioned that we were in advance discussions to formalize our partnership with one of the top three cloud vendors in the world to support mutual class migration of their SAP environments to the cloud. I can now announce that that cloud vendor is Google. And we are pursuing a premier SAP cloud partnership with them. So, we’re very encouraged by this because Google is investing it’s very, very heavily in their overall SAP cloud platform, they have hired many people from SAP and some very, very high level people that we worked with it in the past from SAP and they are – they intend on being the cloud leader for hybrid and private cloud also insure SAP. We are well down this path with Google Cloud and although we have not yet completed the formal partnership process there are already contributing to our deal pipeline. As an example the Fortune 500 insurance company project that we secured last month was a result of Google Cloud’s direct involvement in bringing us that solutions opportunity.

It is fair to say that our recent success such as risk, this Fortune 500 insurance company has elevated our profile in the market and is adding new targets to our sales topline. We are pursuing the necessary certification to secure our premier partnership and believe this puts us in a strong position with both Google Cloud and SAP in 2019 as further evidences our ability to develop sales channels to supplement our sales development efforts. We expect to have all certification secured in the first quarter of 2019.

In summary, we are proud of our operating performance today. We are today operating as one platform with one sales force with a clean balance sheet and generating higher quality revenue that underpins the path to higher and sustainable growth and profitability. We are very much in the early stages of our growth strategy and we believe the best is yet to come.

This concludes my prepared remarks. Operator, please open the call to questions.

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