by Thomas Wieberneit | May 23, 2025 | Blog, Case Study, Sponsored |
During the recent ZohoDay 2025, I had the pleasure of talking to Jaroslaw Pietraszko, CIO for IFFCO Group, about what IFFCO is doing with Zoho, why, and what the outcomes of their Zoho implementation are. IFFCO is a privately held multinational company that is active in the fast-moving consumer goods (FMCG) sector that also has some beauty business and is active in packaging and transportation. The company has its headquarters in Dubai, UAE and has operations in 50+ countries on five continents. The company has more than fifteen thousand employees. Due to its distributed nature and also multiple ERP systems in the back end, IFFCO – and in particular also IFFCO’s employees – suffered from slow, inconsistent and regularly manual expense management process. This also caused a policy adherence and compliance problem, as reporting was virtually impossible. Only two countries used an Intranet based digital process that still was cumbersome due to the company’s matrix organization. “It was completely manual process. So just imagine that someone from the one category of the businesses has some marketing spend in Indonesia. Line manager sometimes is not aware because it’s a matrix reporting. They need to exchange multiple emails between the Indonesia then the finance and the potential marketing from UAE to get this approval and that you can proceed and claim this expense. So, it was very inefficient process. It could take between two to three weeks to get this something approved.” So, there was very clearly a need for a streamlined solution that could be rolled out globally and that ultimately could cover travel, expenses, and petty cash transactions. Here...
by Thomas Wieberneit | Feb 11, 2025 | Analysis, Blog |
Zoho held its annual ZohoDays outside of Austin in the beautiful Horseshoe Bay resort. While this is a good way away from Austin proper, it also gave the opportunity to have long and good conversations with Zoho execs, customers and fellow analysts outside of the conference and meeting rooms. And guess what, this is exactly what happened. Big time kudos to Sandy Lo with her amazing team for organizing this and of course also to all the Zoho execs, including the newly minted Chief Scientist Sridhar Vembu, Zoho’s new CEO Mani Vembu, Tony Thomas, Raju Vegesna, Vijay Sundaram and many more, who all were more than willing to share information and, even more importantly, get feedback. The latter is not something that we analysts take for granted. Besides the usual – and important – state of the business update by Vijay Sundaram, the event revolved around three main topics · AI · Enterprise and partner strategy · Industry strategy As Zoho is privately held, we are not given details, nor at liberty to divulge as much as we learned. So, suffice it to say, that Zoho grows healthily in the value chain from unpaid users to customers, to revenue to retention. The company announced having hit the milestone of $1bn US in revenue already in 2022 and is growing healthily in all of these categories while being healthily profitable. With this out of the way, let’s have a look at the main topics. Artificial Intelligence Artificial Intelligence is one of the main reasons for Sridhar Vembu focusing on technology. He was very hands-on...
by Thomas Wieberneit | Feb 13, 2024 | Blog |
The news On February 7 and 8 2024, Zoho held its annual ZohoDay conference, along with a pre-conference get together and an optional visit to SpacX’s not-too-far-away Starbase. Our guide, who went by Chief, and is probably best described as a SpaceX-paparazzi was full of facts and anecdotes, which made the visit very interesting although we couldn’t enter Starbase itself. The event was jam-packed with 125 analysts, 17 customer speakers, and of course Zoho staff for us analysts to talk to. This was a chance we took up eagerly. This time, the event took place in MacAllen, TX, instead of Austin, TX. The reason behind this is once more Zoho’s ruralization strategy, transnational localism. Which gives also one of the main themes of the event. It was more about understanding Zoho than about individual products, although Zoho disclosed some roadmaps. More about understanding Zoho in a second. The second main theme was customer success and testimonials. Instead of bombarding us with presentations ad infinitum, Sandy Lo and her team did an amazing job of organizing a series of panels with customers talking about – and being questioned about – their use of Zoho products. And questioned they were. In what cannot be taken for granted, they gave very candid answers, making a learning opportunity out of the event. The third main theme was the “state of the business” session, as usual presented by Zoho’s Chief Strategy Officer Vijay Sundaram. As Zoho is a privately held business, this information is largely under NDA. So, suffice it to say that Zoho is continuously growing across a variety of metrics including users,...
