In 2011, two entrepreneurs, Bret Taylor and Kevin Gibbs, founded Quip (opens in new tab). Before co-founding the company, Taylor founded and sold FriendFeed, an early social network, to Facebook, the leading social media (opens in new tab) platform globally. Likewise, Gibbs held a previous role at Google, where he helped launch its cloud computing platform.
The original Quip app focused on word processing (opens in new tab) and spreadsheet (opens in new tab) creation. It added more features over time and morphed into a full-fledged productivity software (opens in new tab) suite.
In 2016, Salesforce acquired Quip. Salesforce is the most popular customer relationship management (CRM) software (opens in new tab) platform globally. After acquiring Quip, it integrated the app into its broader software suite.
Quip: Plans and pricing
Unlike most note-taking apps (opens in new tab), Quip is a strictly paid tool. There’s no free version, and the paid plans are pretty costly. There are three such plans; Starter, Plus, and Advanced, costing $10, $25, and $100 per user per month respectively.
You can pay for the Starter plan on the official Quip website and start using it right away. However, you have to contact the company’s sales team if you want the Plus or Advanced package. The good thing is that you can test the Starter package under a 30-day free trial period.
If your company already has a Salesforce CRM (opens in new tab) subscription, you can create a free Quip account for personal use, but sharing files within your company has limits unless they pay for a separate workplace subscription.
Quip: Features
As we’ve mentioned, you can sign up for the Quip Starter package directly on its website without any external help. You can create a new account for your subscription or sign in with your existing Salesforce or Slack account.
The first feature you should notice on your Quip dashboard is creating notes. To do this, look for the compose icon resembling a pen on a notebook and click on it. You’ll see several options, including creating a new document, which you should click, and the app will redirect you to a text editor where you can type in notes.
Quip has a pretty good editor that allows users to format text extensively. For example, you can bold, underline, italicize, or strike-through text. You can also change the text color, which helps identify important blocks of text or make them aesthetically pleasing. Likewise, you can use the text highlighter to highlight specific blocks of text, which also helps with identifying vital information within a note.
You can insert photos or videos when typing in the text editor. Quip lets you fetch photos from Unsplash, a popular stock photography website, or insert animated GIFs from Giphy. Similarly, you can upload multimedia directly from your device.
Another great feature of the text editor is the checklist tool, which comes in handy for task management. You can create checklists, which consist of checkboxes attached to lines of text representing tasks that you want to complete. Once you complete the task, you can mark the checkbox to automatically strike through the text, indicating completion.
Once you’re done creating a note, you can save it for personal use on your Quip account or share it with other users through their usernames or email addresses. Anyone you share a note with can read, edit, or comment on it, depending on the permission you give the person.
Quip: Interface and use
The Quip app has one of the best interfaces we’ve encountered in a note-taking tool. The interface is minimal and uncluttered, making the app enjoyable. We also liked the step-by-step tutorials the app provided to help guide us through it.
Quip: Support
As a paid Quip subscriber, you can contact customer support representatives from its parent company, Salesforce, if you run into challenges. Likewise, any user can access the official Salesforce Knowledge Base, which has extensive tutorials, documentation, and answers to frequently asked questions concerning the Quip app.
Quip: The competition
Quip’s main competitors include Bear (opens in new tab), Simplenote (opens in new tab), and Ulysses (opens in new tab). We consider Quip to be better regarding functionality and ease of use. However, the app is considerably more expensive than these rivals.
Quip: Final verdict
We enjoyed using Quip all around. The app has a tidy interface that makes it easy to navigate. We also liked its comprehensive feature set, as it lets you format the content of your notes extensively and share them with other users alongside having an intuitive tool for creating spreadsheets.
The main drawback with the Quip app is its relatively high price.
We've featured the best iPad Pro notetaking apps (opens in new tab).
Salesforce Inc. (NYSE:CRM) went down by -3.96% from its latest closing price compared to the exact 1-year high of $311.75. The company’s stock price has collected -0.84% of loss in the last five trading sessions. Barron’s reported on 06/21/22 that Microsoft, Salesforce, and Apple Remain Top Picks at Wedbush. It’s Time to Focus on Secular Winners.
Is It Worth Investing in Salesforce Inc. (NYSE :CRM) Right Now?
Salesforce Inc. (NYSE:CRM) scored a price-to-earnings ratio above its average ratio, recording 176.93 x from its present earnings ratio. Plus, the 36-month beta value for CRM is at 1.08. Opinions of the stock are interesting as 40 analysts out of 48 who provided ratings for Salesforce Inc. declared the stock was a “buy,” while 3 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $241.44, which is $62.33 above the current price. CRM currently public float of 962.16M and currently shorts hold a 1.18% ratio of that float. Today, the average trading volume of CRM was 7.30M shares.
CRM’s Market Performance
CRM stocks went down by -0.84% for the week, with a monthly jump of 4.52% and a quarterly performance of 11.39%, while its annual performance rate touched -26.91%. The volatility ratio for the week stands at 3.00% while the volatility levels for the past 30 days are set at 3.45% for Salesforce Inc. The simple moving average for the period of the last 20 days is 2.06% for CRM stocks with a simple moving average of -15.16% for the last 200 days.
Analysts’ Opinion of CRM
Many brokerage firms have already submitted their reports for CRM stocks, with ROTH Capital repeating the rating for CRM by listing it as a “Buy.” The predicted price for CRM in the upcoming period, according to ROTH Capital is $242 based on the research report published on May 18th of the current year 2022.
Wedbush, on the other hand, stated in their research note that they expect to see CRM reach a price target of $275, previously predicting the price at $315. The rating they have provided for CRM stocks is “Outperform” according to the report published on March 02nd, 2022.
UBS gave a rating of “Neutral” to CRM, setting the target price at $225 in the report published on March 02nd of the current year.
CRM Trading at 3.82% from the 50-Day Moving Average
After a stumble in the market that brought CRM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -41.54% of loss for the given period.
Volatility was left at 3.45%, however, over the last 30 days, the volatility rate increased by 3.00%, as shares surge +9.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.18% upper at present.
During the last 5 trading sessions, CRM fell by -0.84%, which changed the moving average for the period of 200-days by -37.12% in comparison to the 20-day moving average, which settled at $179.35. In addition, Salesforce Inc. saw -28.29% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CRM starting from Benioff Marc, who sale 2,300 shares at the price of $189.64 back on Aug 05. After this action, Benioff Marc now owns 27,761,368 shares of Salesforce Inc., valued at $436,165 using the latest closing price.
Benioff Marc, the Chair and Co-CEO of Salesforce Inc., sale 2,300 shares at $189.53 during a trade that took place back on Aug 04, which means that Benioff Marc is holding 27,761,368 shares at $435,913 based on the most exact closing price.
Stock Fundamentals for CRM
Current profitability levels for the company are sitting at:
- +2.07 for the present operating margin
- +65.65 for the gross margin
The net margin for Salesforce Inc. stands at +5.45. Equity return is now at value 1.70, with 1.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.98.
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In brief
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At Helium.com, the company website for a much-talked-about Web3 startup, the section under the header "HELIUM IS USED BY" included 14 logos yesterday, but there are only 12 such logos today. The missing logos, for the cloud-based software company Salesforce, and the e-scooter rental giant Lime, were both mentioned in a report on Friday by Mashable's Matt Binder.
The status of Helium's partnership with Lime was seriously in doubt after Russell Murphy, Lime's senior director of communications, told Mashable, "Beyond an initial test of its product in 2019, Lime has not had, and does not currently have, a relationship with Helium." Lime indicated that as of Friday it was preparing a cease and desist letter addressed to Helium.
In a statement to Mashable, Nova Labs, Helium's parent company, acknowledged Friday that Lime and Helium had grown apart after that 2019 product test. "Lime has since restructured and the team members we worked with are no longer employed there," the statement read.
Lime's supposed status as a client was not trivial, but part of what appeared to be a core part of Helium's marketing pitch. Helium bills itself as a decentralized network of Internet of things (IoT) devices, capable of providing their own connectivity where existing internet service providers can't or won't. Helium's hardware is, in a sense, only as good as the network of users keeping it functioning — except there's a bonus value proposition: the devices also mine a cryptocurrency, $HNT, whenever the network is used. And as long as major tech companies are customers, there is, in theory, plenty of crypto to be mined.
In a New York Times story from February, the use of the Helium network by Lime is cited as evidence that Helium is "a real product used by real people and companies every day." In fairness, the Times story also mentions that Helium is used by the Victor mouse trap company as well — apparently for its line of IoT-enabled mouse traps — and the reality of that partnership does not appear to be in dispute at this time.
However, as of yesterday, Salesforce, the other company associated with a logo now missing from Helium.com (and from the site's "Enterprise" page as well) had not commented publicly on its relationship with Helium.
UPDATE: August 2, 2022, 10:25 a.m. ET. A Spokesperson for Helium gave the following statement: "Since the Network launched in 2019, we’ve worked with a variety of companies on various applications and pilots. In the case of the brands mentioned in exact articles, we had approvals to talk about the use cases but we’re going to be much more rigorous now about the logo approval process going forward to avoid any confusion. Both Nova and our partner the Helium Foundation have removed the reference."
August 2, 2022, 10:25 a.m. ET. Eddie McGraw, a spokesperson for Salesforce, gave the following statement: "Helium is not and has never been a Salesforce partner."
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SUGAR LAND, Texas, Aug. 3, 2022
SUGAR LAND, Texas, Aug. 3, 2022 /PRNewswire/ -- AdvoLogix(R), a leading provider of cloud-based enterprise legal management solutions for Law Firms, Legal Departments, and Government Agencies, today announced the availability of a new integration between iManage and the Salesforce platform, which allows users at law firms, corporate legal departments and public sector organizations, to access their iManage workspaces, folders, documents and emails - right from within their Salesforce platform - eliminating the friction of switching between two different environments.
"The iManage - to Salesforce integration, powered by AdvoLogix, supports our goal of meeting users where they work and transforming how they get work done," said Clint Crosier, General Counsel at iManage. "The ability to manage and browse iManage content from the context of a Salesforce record is a gamechanger for professionals who spend large portions of their day within Salesforce, but need quick, secure access to content in iManage, such as contracts, legal agreements, and other key work products."
Through its research and development division, AdvoLogix, a technology partner of iManage, developed this integration with Salesforce Sales Cloud for global availability. Fully compliant with all Salesforce security and compliance requirements, the app is available for purchase on the Salesforce AppExchange, as well as directly from iManage.
"iManage is a leading knowledge work platform and AdvoLogix is a leading cloud-based enterprise legal management platform for legal entities," said Dan Bellopede, Chief Revenue Officer at AdvoLogix. "It only made sense to create a way for the benefits of one to extend to the other, which is what the iManage - Salesforce integration has achieved. It's an example of strength building on strength." The integration can be added to any record within Salesforce and then mapped to an iManage workspace. Previously, users had to exit their Salesforce workflow to manage documents. Now, they can upload, download, or view documents through the integrated solution.
"iManage is a valuable addition to AppExchange, putting valuable documents at professionals' fingertips, helping to transform how business development, marketing, and other departments within law firms and organizations interact with lawyers and legal teams on the critical documents they manage," said Woodson Martin, GM of Salesforce AppExchange. "AppExchange is constantly evolving to connect customers with the right apps and experts for their business needs."
For more information about iManage, powered by AdvoLogix, and the benefits it can bring to your organization please contact your account representative or visit: www.advologix.com In addition, both iManage and AdvoLogix will be exhibiting vendors at the International Legal Technology Conference from August 21-25 in National Harbor, Maryland. To learn more about the integration please visit iManage at Booth #421 and AdvoLogix at Booth #807.
About AdvoLogix(R)Founded in 2006, AdvoLogix is a leading enterprise legal management solution that helps law firms, general counsel and state and local governments automate processes and simplify legal matter management. The AdvoLogix cloud-based enterprise solution centralizes matter management, conforms to unique workflows and practice standards, and provides industry-leading security and reliability. AdvoLogix offers comprehensive configuration and integration with thousands of add-on applications to extend the solution to meet specific business needs. For more information, visit www.advologix.com and follow AdvoLogix on Twitter @AdvoLogix.
About Salesforce AppExchangeSalesforce AppExchange, the world's leading enterprise cloud marketplace, empowers companies, developers and entrepreneurs to build, market and grow in entirely new ways. With more than 7,000 listings, 10 million customer installs and 117,000 peer reviews, AppExchange connects customers of all sizes and across industries to ready-to-install or customizable apps and Salesforce-certified consultants to solve any business challenge.
Salesforce, AppExchange and others are among the trademarks of salesforce.com, inc.
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The UK Government’s Crown Commercial Service (CCS) procurement body has signed a Memorandum of Understanding (MoU) with Salesforce to make it easier and cheaper for public sector organizations to buy from the supplier.
According to Philip Orumwense, Commercial Director and Chief Technology Procurement Officer at CCS:
The agreement will further ensure increased collaboration and aggregation of government and wider public sector spend to achieve increased automation, forecasting, reporting and customer engagement management tools.
The main items on the Salesforce MoU are:
- A discount on licences (Salesforce, Mulesoft, Tableau & Slack) and services for eligible UK public sector bodies, including health bodies.
- Free experimentation projects, so that eligible bodies can test and learn how Salesforce solutions can be used to meet their requirements.
- Direct access to a panel of Salesforce’s SME implementation partners.
- Discounted training and support.
- A discounted trial of Salesforce’s Net Zero Cloud, supporting the UK government’s drive towards Net Zero.
Salesforce has a number of UK public sector customers, including the Health Service Executive, Department for Works & Pensions, various local authorities and CCS itself.
More MoUs
CCS has signed a number of such MoUs in exact years with cloud suppliers, including the likes of Oracle, Google and Microsoft. Oracle’s agreement was first signed as far back as 2012 with an updated and expanded deal signed last year. At that time, Orumwense commented:
This enhanced Memorandum of Understanding will continue to deliver savings and benefits for new and existing public sector customers using Oracle's cloud based technologies. It will continue delivering value for money whilst supporting public sector customers' journey to the cloud.
Expanding the list of suppliers offering cloud services has become a political agenda item in the UK as legislators have queried the amount of business that has gone to Amazon Web Services (AWS). As of February last year, some £75 million of contracts had been awarded in the previous 12 months.
Lord Maude, who previously ran the UK Cabinet Office where he waged a war on excessively priced tech contracts and essentially began the MoU process in earnest as part of his reforms, was quoted as warning:
When it comes to hosting, we've regressed into allowing a small group, and one vendor, in particular, to dominate. If you take a view of the government as simply as a customer, it makes absolutely no sense for the government to be overly dependent on one supplier. No one would sensibly do that.
The Salesforce MoU looks well-timed as CCS recently launched a tender for a range of cloud services in a set of deals that could be worth up to £5 billion in total. Procurement notices have been issued under the G-Cloud 13 framework, covering cloud hosting, cloud software and cloud support, with a further lot for migration and set-up services to follow. Contracts can last for 3 years with an option to extend by a further year.
Eligible suppliers must be able to offer services in the following capabilities:
- Planning - the provision of planning services to enable customers to move to cloud software and/or hosting services;
- Setup and Migration- the provision of setup and migration services which involves the process of consolidating and transferring a collection of workloads. Workloads can include emails, files, calendars, document types, related metadata, instant messages, applications, user permissions, compound structure and linked components.
- Security services - Maintain the confidentiality, integrity and availability of services and information, and protect services against threats.
- Quality assurance and performance testing - Continuously ensure that a service does what it’s supposed to do to meet user needs efficiently and reliably.
- Training
- Ongoing support - Support user needs by providing help before, during and after service delivery.
My take
Having a wider range of potential providers operating under such MoUs is crucial for government to deliver value for taxpayers money.
Those of us who lived through the crusading days of Maude insisting that tech vendors - mostly large US systems houses and consultancies - come back to the negotiating table, tear up their existing contracts and start from scratch, have been dismayed, but not surprised, that the so-called ‘oligopoly’ simply had to sit it out and wait for a change of government/minister to get things back to ‘normal’.
There were successes that linger. The UK’s G-Cloud framework was a triumph when set up and continues to do good work. As an aside, and given this article has been triggered by a Salesforce announcement, I do remember talking to CEO Marc Benioff in London prior to the formal announcement of G-Cloud and how it would work.
At the time there was a heavy push from certain quarters to make G-Cloud all about virtualization and private cloud rather than the public cloud push it was to become. I asked Benioff if he thought this was the right direction of travel and got a very firm rebuttal as he told me:
The UK government is way behind in this, and way too much into virtualization…Government needs to stop hiding behind the private cloud.
I was in good company - Benioff had been in at the Cabinet Office the previous day and given Maude the same message. Thirteen years on, the Public Cloud First policy that was shaped later that year still stands, but progress hasn’t been made at the rate that was promised back in those heady launch days and which needs to be achieved.
In 2022, there’s the risk of a different sort of oligopoly, as the concern around AWS' grip on government contracts suggests - and not just in the UK - but unfortunately there’s no sign of a Maude to take charge this time and bang the negotiating table.
Instead the Secretary of State with responsibility for digital thinks the internet has been around for ten years and retweets memes of politicians being stabbed. Meanwhile a putative, unelected new Prime Minster has just announced that she (somehow) intends to redesign the internet into adults-only and kid-friendly versions. Sigh.
