Highlights:
- The company claims that its platform automates much of the manual effort required for testing ERP updates.
- Opkey states that its platform can analyze a company’s script library and detect potential gaps.
A startup that assists companies in testing the reliability of their enterprise resource planning software, Opkey has secured a USD 47 million investment to support its financial growth initiatives.
PeakSpan Capital spearheaded the Series B round. In its recent funding announcement, Opkey, officially known as Smart Software Testing Solutions Inc., revealed that UST Global, Verica, Vertical, and YouNest also contributed. The company’s total external funding now amounts to USD 59 million.
Enterprise Resource Planning (ERP) platforms are intricate applications that companies use to manage their back-office operations. Accounting teams and various other departments commonly utilize ERP software to perform daily tasks. These business units also use the software to store their data.
Centralizing records in a single ERP system simplifies data management tasks. When important documents are stored in one place, departments don’t need to keep separate copies of the files. This minimizes the risk of inconsistencies between data versions across different departments.
Before upgrading to a new version of ERP software, companies conduct tests to ensure the update will not introduce technical problems. For large enterprises with complex, heavily customized ERP systems, this process can be time-consuming. Opkey has created a platform designed to streamline this workflow.
The company claims that its platform automates much of the manual work required for testing ERP updates. Opkey can also assess the reliability of integrations connecting ERP software to third-party applications. For instance, a retailer could use the platform to stress-test an integration that synchronizes product availability data with a third-party inventory management system.
Companies usually don’t test their ERP software manually; instead, they create scripts that simulate user activity to identify issues. Many organizations have developed a library of reliable scripts, which has accumulated over the years.
Opkey’s platform can analyze a company’s script library to pinpoint potential gaps, according to the company. For instance, it might reveal if the current testing workflows don’t adequately cover the procurement module of the ERP system. Developers can then use Opkey to create new tests that address these deficiencies.
The company offers a catalog of over 30,000 test workflows to spare customers the effort of developing them from scratch. Additionally, it features an AI chatbot named Wilfred, which enables users to create new tests using natural language prompts. For instance, a user could instruct the bot to generate a script that assesses the forms in an ERP platform’s interface to ensure they function correctly.
When companies introduce a new feature to an ERP environment, merely checking for bugs isn’t always sufficient to prevent technical issues. Developers also need to run tests to confirm that the new feature won’t disrupt the platform’s existing functions. Opkey asserts that its platform is well-suited for this purpose as well.
The company’s client roster includes Cigna Group, Gap Inc., and approximately 200 other large enterprises. With its newly secured funding, it plans to expand its sales and marketing teams to grow its customer base further. Additionally, a portion of the budget will be allocated to product development, with a focus on creating new AI features.