Archive: October 26, 2022

Gaviti Data Shows Smart Dunning Strategy Boost Cash Flow by Up To 50%

Recently data shows a significant increase in cash flow, between 30%-50%, when dunning email data is analyzed via smart automation vs. traditional email automations. “Empowering finance teams with smart technology allows for greater impact per email,” said Yan Lazarev, Co-Founder & CEO of Gaviti.

Gaviti, an A/R collections automation system designed to help companies collect and manage client invoices, released newly collected data showing the impact of smart dunning emails vs. non-data-driven dunning emails. Organizations that rely on ‘smart’ emails have recognized an increase in revenue collected while dropping the average DSO, even at scale.

Traditional Dunning Emails are predefined collections-driven emails, which are sent out via an automation system as vendors reach late-payment thresholds. While a typical tool of finance teams, data shows a significant dropoff in recovery rate as the number of delinquent days increases. For example: “The recovery rate is highest on the due date and reduces dramatically thereafter, especially once you are past the 7-day mark from the due date, which means the odds of recovering a debt grow slimmer as the number of delinquent days increases.” On the day of delinquency, dunning emails have a 41% open rate with a 13% recovery rate. This is compared to day 30, which has an average open rate of 26% with a 4% recovery rate. While this is still higher than Mailchimp’s average open rate of 21% across industries, the lack of success highlights how 82% of small to medium businesses shut down due to poor cash flow.

Operating off the success of high open rates, applying smart analysis to dunning emails has the potential for companies to recognize the 50% revenue growth others are experiencing. Smarty finance technology becomes increasingly exciting once revenue hits a point of reliability that it can become scaleable. “Empowering finance teams with smart technology allows for greater impact per email,” said Yan Lazarev, Co-Founder & CEO of Gaviti. “Sending emails based only on how late a client has the potential to negatively impact the relationship that has been developed with the customer. Relying on data to understand their behaviors allows you to be available when they are most likely to pay and speaks to them on their terms, while meeting your organization’s needs.”

The report also cautions managers to understand the benefits and drawbacks of various automation technologies. Sending out automatic emails, based on days overdue or another threshold, without taking into account individual customer behavior, companies risk negatively impacting revenue and increasing churn due to unhappy customers or overwhelmed payment decision-makers.

Housing sales in top 7 cities to create new peak in 2022, breach previous high of 2014

Mumbai 26 October 2022: Going by the momentum in housing sales in the ongoing festive period and that of the first three quarters this year, 2022 will likely breach the previous peak of 2014 with all-time high sales across the top 7 cities. The latest ANAROCK data projects total sales in the top 7 cities to exceed 3.6 lakh units in 2022. In the previous peak year of 2014, the top 7 towns saw 3.43 lakh units sold.

The January-September period of 2022 saw housing sales and new launches surpass the full-year readings of 2019 by approx. 2.73 lakh units sold in 9M 2022 and new launches at 2.65 lakh units. 2019 saw over 2.61 lakh units sold in the entire year, while new supply stood at 2.34 lakh units.

MMR and NCR have retained their top slot rankings in the first nine months of 2022. Approx. 1,30,450 units were collectively sold in these two regions, accounting for 48% of the total sales in the top 7 cities. Other high-selling cities were Pune, Bengaluru, and Hyderabad, which accounted for a 42% cumulative sales share.

Housing sales remained strong despite average property prices increasing in 2022, with the annual price appreciation in Q3 2022 being the best in the past seven years – 6% against Q3 2021.

Source: ANAROCK Research

Anuj Puri, Chairman, of ANAROCK Group, says, “2022 will create residential market history in India, having already breached all previous highs and continuing to witness strong sales momentum in the festive season. Homeownership sentiment retained the vibrancy ushered in by the Covid-19 era – despite interest rates hikes of 190 bps, increased property rates, and the conspicuous lack of festive season offers and discounts this year.”

A combination of end-user and investor demand continues to zero in on projects by large and listed developers. These players report consistently high sales and are stepping up new supply infusions into the market. Total new launches in 2022 will remain lower than the previous peak of 2014, which saw approx. 5.45 lakh homes launched across the top 7 cities.

Current trends indicate that launches in these cities will exceed 3.4 lakh units in 2022. The first nine months of 2022 saw 2.65 lakh units launched in the top 7 cities, with MMR and Hyderabad recording the maximum new launches in this period and accounting for 54% of the total new supply

Taxi Butler participates in The Transportation Alliance’s (TTA’s)Annual Convention & Expo, Mobilize 2022 in 31st October to 2nd November 2022.

Taxi Butler, the global leader in B2B taxi booking solutions for hotels, bars, and restaurants, announces its participation as an exhibitor at The Transportation Alliance’s (TTA’s) 104th Annual Convention & Expo, Mobilize 2022. The event is from October 31st to November 2nd, 2022, at Caesar’s Palace in Las Vegas. At this event, Taxi Butler will showcase and demonstrate its purpose-made one-click taxi booking devices and exhibit its latest and most advanced device, the Taxi Butler PRO.

Launched in 2021, Taxi Butler PRO has gained a tremendous reputation in the global taxi industry. This touchscreen taxi booking device allows venues like hotels, bars, and restaurants to book taxis with local taxi fleets at the press of a button. The Taxi Butler has a 5″ touchscreen and is Wi-Fi enabled. Taxi Butler PRO comes fully equipped with Live Price Estimations, instant and pre-booking capabilities, Smart Destination Suggestions, and the ability for passengers to track their taxis using a QR code. Venues can add passenger details like their name and phone number, and the staff can also choose from an unlimited number of taxi types configured by taxi companies.

Talking about the participation, Laurence Docherty, Sales Manager at Taxi Butler, said, “We are excited to showcase the Taxi Butler PRO. From the sleek and smart design of Taxi Butler itself to the quality stats communicated to your team on the Management Portal, these devices have gained an immense reputation in the global taxi industry, particularly across the United States. At Taxi Butler, we always look for new ways to connect taxi fleets more closely to their passengers. Join us at booth 410, to catch up with our Co-founder Steven. He is excited to connect with you and explain how these devices can help fleet owners generate more automated taxi bookings.”

The Taxi Butler PRO is an advanced taxi booking device with a touchscreen. It has additional booking options like pre-booking destinations and passenger details.

Taxi Butlers are built for taxi companies and designed around the needs of venues and passengers, facilitating the connection between taxi companies, venues, and passengers. It is the foundation of everything they do. Taxi Butler recently celebrated ’50 million taxis booked’ with their one-click taxi booking devices. The technology has enabled taxi fleets working with Taxi Butler to increase their market share, growth, revenue, and automation. Alongside its usability and simplicity, this taxi booking device saves time, gets more customers, reduces the pressure on the call center, and brings in significant customer loyalty, making it an easy and pleasant way for passengers to start their journey.

Attracting an array of world-class technology and services providers, the event offers the latest on dispatching platforms, routing systems, insurance, vehicles, call centers, back-office operations, and more to further advance the business of the private passenger transportation industry in the US. It offers the chance to all industry vendors to showcase their products to fleet operators in person and create one-on-one business connections.

Milestone Systems Introduces Milestone Kite for Small- to Medium-sized Businesses and Organizations

India – October 26, 2022

Milestone Systems continues to increase its range of on-premises, hybrid-cloud, and cloud-native data-driven video technology solutions; the new Milestone KiteVideo Surveillance as a Service(VSaaS) complements Milestone’s existing XProtect on Amazon Web Services (AWS). Milestone Kite is a simple, secure, and scalable VSaaSsolution for small- to medium-sized businesses, where XProtect on AWS is optimized for the enterprise market.

Milestone Kite is the ideal choice for single or distributed organizations that need an easy way to centrally manage all their sites in one unified system. Providing continuous access to new features with little or no maintenance effort, it is designed for small-medium businesses and enterprises with high value,less complexity, and multiple geographic locations such as banks, retail chains, schools, and residential buildings. Powered by  the Arculescloud platform, Milestone Kite is a simple, secure, scalable, and cost-effective cloud video management solution with integrated video analytics and access control functions. It will be available in early 2023.

“India is a key market for Milestone Systems. With a huge ecosystem of SMEs here, we understand and recognize the importance of offering a range of hybrid-cloud solutions to address different segment customer needs. We have been making investments in VSaaS offerings for many years to prepare for the future. As more small- to mid-sized organizations search for a cloud-based video technology solution that is easy to deploy, simple to use, has low bandwidth requirements, is scalable across locations, and is secure — Milestone Kite becomes the most logical choice. Milestone and Arcules have now joined forces to help serve this segment of the market,” said Thomas Jensen, CEO of Milestone Systems.

“Arcules was created to be at the forefront of innovation with a focus on building a powerful, easy-to-use new cloud offering for smaller organizations or larger organizations geographically dispersed with satellite or remote locations. What we’ve achieved is a cloud-native solution that is future-proof, scalable, and characterized by simplicity. Milestone customers no longer need to physically visit multiple sites or spend time on maintenance, they can simply install the gateway and be done. Kite will automatically integrate access control data with the incoming video data to enable access-based video verification, view camera feeds, and obtain immediate situational awareness,” said Andreas Pettersson, CEO of Arcules.

Climate Asia to Organise a Masterclass on Localization of Economy From Climate Lens

New Delhi, 26/10/22: In a globalized world, the basket of needs is met from afar. But in current times, economic loss is becoming unavoidable due to the rising threats from climate change, including infrastructure damage due to calamities, the rising cost of transportation, and geographical shifts in various countries.
The aim is to throw light on conversations around central themes of economics from the lens of climate change, degrowth in consumerism, aspirations, India’s scale view, and much more.

A masterclass on the Localizationof Economy from Climate Lens is happening on October 28, 2022, from 06:15 PM-07:45 PM (IST), highlighting the intersection of climate change with various economic indicators. The speaker for the session would be Sameer Shisodia, CEO ofRainmatter Foundation.
The idea is to help reach a larger audience about some pertinent issues around climate change and its various intersectionality.

Since climate change poses a significant threat to the local economies, it is imperative to act upon it. Further, on this theme, Sameer mentioned in his article How Gandhi’s ideas can lead us out of the climate crisis that “the subsequent breaking of the Salt Act symbolized the idea of Swaraj and autonomy not just politically but economically as well. These ideas can easily create the foundation of a localized, self-reliant economy, which holds much promise as a possible response to the gravest threat that stares us in the face: the climate crisis”.

The speaker also elaborates that “the prevalent economic reality around us is that the incentives have become so ingrained that we fail to take notice of the footprint we create. This footprint problem has become invisible because of several factors, and the local basket of needs ensures that the overall cluster economy stays negative in most cases. The ability of a cluster to meet its fundamental needs while utilizing and expanding its ecological richness, skills, and knowledge is wise.”

Sovereign Wealth Fund Institute names Lakshmi Narayanan as the chairman of the board

Mumbai, 26^th October 2022: The Sovereign Wealth Fund Institute (SWFI), the most popular and trusted source on institutional investors and global capital, has announced the appointment of the Indian-born impact investor and entrepreneur Lakshmi Narayanan to the position of Chairman of the Board.

The SWFI includes sovereign wealth funds, public pensions, central banks, and other long-term public investors from different countries. Since the last few years, members of SWFI have invested in or evinced interest in investing in Indian companies.

Narayanan possesses more than 20 years of experience in capital markets, venture investing, and real estate, and is widely respected among the global financial community for being a responsible, successful, and purpose-driven business strategist and a champion of transparency and ESG.

As Chairman, Narayanan will work closely with President and CEO Michael Maduell to accelerate the growth and expansion of SWFI’s platform, including its research, data, and subscription verticals, as well as its transparency index and events business. Moreover, Narayanan will leverage his deep relationships with domestic and international business leaders, financial professionals, and government officials to build stronger connections and drive greater benchmarking, transparency, and accountability across the entire asset management industry.

Narayanan commented, “It’s an honor to join this prestigious organization. Since 2008, SWFI has served as a trusted advocate, monitor, and partner for the asset management industry and has been a driving force in enacting greater transparency among its decision and policymakers. I look forward to helping Michael build upon what he has created, expanding the platform to serve as the go-to source of public fund data globally and the top connector for institutional investors and investment managers.”

Commenting on the appointment of Lakshmi Narayan, President and CEO Michael Maduell said, “In the past few years, we have witnessed a growing demand from global investors to invest in India. With our service offerings of SWFI Subscription (research product) and SWFI Membership, we will be catering to the needs of Indian customers. We plan to build a research center in India focused on the institutional investor community and asset management industry and creating an office in India will help customers know about investments, lead to the creation of jobs and help contribute to the growing asset management industry within the country. It gives us immense pleasure to have Lakshmi as the chairman of SWFI. With his immense experience and knowledge in the capital market, he will guide us in building a robust strategy in achieving our mission of expanding in the capital market and leveraging the true potential of India.” 

Narayanan is an impact investor and serial entrepreneur with experience building businesses and investing in real estate and startups in the U.S., Asia, Europe, and the Middle East. He has built a strong global network and serves as a Certified Senior Executive Fellow at Harvard University’s Kennedy School of Government. Lakshmi is a responsible business strategist who has helped numerous entrepreneurs in India in establishing profitable ventures with purpose-driven objectives for over two decades. He is a Co-Founder and Managing Director at the recently-launched Homz Global, the first national housing company dedicated to building a portfolio of sustainable, wellness-focused communities centered around branded attainable housing in key markets across the U.S.

In the past, he has also founded Real Estate Fund in the Asian market (exited in 2011), one of India’s largest Real Estate underwriting companies (exited in 2012), underwrote and managed $8 billion in assets, one of India’s leading education entities (partially exited in 2017) and one of India’s leading franchising advisory companies (exited in 2014).

6 Ways to Earn Extra Income From Home in India

By CA Amit Gupta, MD, SAG Infotech

Where there is a will there will be a way also. In the present time, people don’t want to leave their homes to make some earnings. Although there were ways earlier as well, only now more and more people prefer those ways “over or along with” the traditional ones. As per my observation top 6 ways people are preferring to earn extra income from home in India are as below:

1. YouTube Channel
   If you are good at something and you believe that people will also love it then start making videos and then upload them to your Youtube channel. Moto vlogging; product, movies, songs, food reviews; gaming videos; tips & tricks videos; cooking videos, and dance or singing videos; normally does well on YouTube. And if you are good at conversation and video editing then you can make thousands of rupees every month.
2. Freelancing
   If you are a content writer, video editor, developer, graphic designer or have any of the skills the world needs, you can easily find freelancing work to earn without stepping out of your home. There are also some platforms available to help you find the work easily.
3. Airbnb Hosting
   If you have a spare room at home, you can put it to use by hosting travellers who are looking for good places to stay in your city. Airbnb is the leading platform where you can list your place and travellers can book it for a short period of time and get paid for it.
4. Tutoring
   If you have a passion for teaching others and have expertise in a particular subject, you can earn a significant income by teaching students online. You can use Youtube or video conferencing sites to do so.
5. Affiliate Marketing
   Blogging is not dead at all but it has become very competitive. If you are a good content creator or have the skill to sell things to people then you can make huge money (commission) with affiliate marketing. There are many businesses, eCommerce sites and brands that are looking for people who can sell their products.
6. Online support and counselling
   When people get stuck in something complicated whether it is technical or something related to mental, relationships, or life they need proper help. And if you have expertise in providing support or doing counselling. Then you can do all this online as well and make some good earnings with it.

Whether you started liking the work-from-home way of working or want to earn extra, there is always a way to earn without leaving home. So just check the above list or do some research online and you will find a way to earn without leaving your home.

Check Point Software Brings Faster, AI-Enabled Network Security and Advanced Threat Prevention for On-Premise, Cloud and IoT

New Delhi, October 26, 2022 — Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cybersecurity solutions globally, introduces Check Point Quantum Titan, a new release of the Check Point Quantum cyber security platform. The Quantum Titan release introduces three new software blades that leverage artificial intelligence (AI) and deep learning, to deliver advanced threat prevention against advanced domain name system exploits (DNS) and phishing, as well as autonomous IoT security. Check Point Quantum Titan is now one of the industry’s only platforms that can provide both IoT device discovery and automatically apply zero-trust threat prevention profiles to protect IoT devices.

“Cyber threats have become more sophisticated, frequent, and costly. The expansion of IoT devices and multi-cloud has dramatically increased complexity and the opportunity for more impactful breaches. Therefore, enterprises must apply security measures that are not only effective but efficient, leveraging security analytics and automation to prevent the stealthy cyberattacks that are common today”, said Frank Dickson, IDC Group Vice President of Security and Trust, “Check Point looks to prevent these elusive cyberattacks with Titan, the newest release of their Quantum security platform. Check Point innovative threat prevention, automation, threat intelligence analytics, and unified security management to simplify operations and increase security effectiveness across the network, data center, cloud, endpoints, and IoT.”

Eyal Manor, VP Product Management at Check Point Software Technologies said: “Keeping up with the ever-evolving threat landscape is becoming more complex and challenging, especially when traditional network security management tools need weeks, if not months, to process updates. The new Quantum Titan platform, powered by AI and deep learning, is faster and more effective, bringing together innovative capabilities to help stop even more threats”

Check Point’s new Quantum Titan addresses the need for better security and less complexity by consolidating and automating threat prevention technologies, processes, and policies. This enables smarter and more efficient protection across an organization’s complex, distributed networks both on-premise and in the cloud.

Check Point Quantum Titan’s capabilities include:

• Threat prevention with new AI Deep Learning engines:  Traditional reputation services are not able to identify sophisticated, zero-day phishing campaigns. Quantum Titan introduces two new software blades that leverage AI and deep learning technologies and stop 5X more DNS attacks, as well as 4X more zero-day phishing vulnerabilities compared to traditional signature-based technologies.
• Unique autonomous IoT security: Traditional security solutions for IoT require additional hardware sensors and investment as well as significant time spent to manually deploy and administer, just to detect and manage attacks – not prevent them. The new version of Quantum IoT Software blade, enabled via Quantum Titan’s platform not only adds proprietary, quick, and efficient discovery for every IoT device but also automatically applies zero-trust profiles so organizations can start preventing attacks in less than 5 minutes.
• Business-driven security performance: Legacy on-premise security systems do not automatically scale or prioritize performance for peak workloads and mission-critical applications. Quantum Titan delivers a significant performance boost for critical applications with over 20 features, focused on efficiency and performance. With auto-scaling, the platform instantly prioritizes applications and large workloads during peak periods or to cope with unexpected traffic spikes.

Check Point Software is transforming how organizations secure their network security with Check Point Quantum Titan security platform, Quantum Maestro, and Quantum IoT solutions. Organizations can now simplify their data center workflow orchestration and scale up their security gateways on demand.

Let’s build ‘A Better Bengaluru’, reimagining the future of Bengaluru

October 26th 2022, Mumbai: Bengaluru is globally celebrated as the silicon valley of India which comes on the back of being one of the largest IT/tech corridors in the world. This city needs world-class infrastructure and services which requires deploying the best global practices. The city needs to bring together the stakeholders and government to improve and enhance this globally acclaimed city and present ‘A Better Bengaluru’. ‘A Better Bengaluru’ is a unique initiative where the stakeholders – both industry and government, get together to discuss, assess and express the opportunities and solutions for better and improved infrastructure in Bengaluru.

Corporates in Real Estate (CiRE) is created with the intention of coalescing all the constituents of the ‘corporate real estate industry in India’. Started in 2020, CiRE is spearheaded by veterans of the trade and is a holistic thought leadership platform which has brought together the leaders/change-makers from the corporate, real estate and government to initiate the much-needed discourse on ‘A Better Bengaluru’.

Addressing the forum on this initiative, Mr. Jayaram Govindaiah, Founder, CiRE, said, “It is time we step back and imagine our future together in Bengaluru. We have the opportunity to create a more inclusive society, work culture and enjoyable cityscape. Our aspiration is to support the government as the industry body, representing the entire corporate real estate (CRE), to understand the requirements of the Bengaluru infrastructure. We aim to build an ecosystem and become the industry’s voice and the bridge between the government and trade.”

Mr. Sanjay Gulati, Managing Director, Gensler also addressed the forum and spoke on the role and responsibilities of the corporate in building the future cities. Mr. Anil Shetty, Social Activist & Entrepreneur encouraged the corporate support in considering possibilities that would breathe life into the cities. Another distinguished guests who attended the event were Dr. Mohan Alva. Chairman, Alvas Education Foundation; Shri Rakesh Singh, IAS, Additional Chief Secretary to Government, Urban Development Department, among eminent leaders from the corporate real estate.

Steal The Show Wherever You Go: Footwear for Women by Language

Language helps you maintain an impeccable sense of style with their large selection of exclusive and trendy footwear. They strike a perfect balance between comfort and luxury that emphasizes the look for all your occasions. Language presents a range of sandals and ballerinas, which is a modern expression of Language’s exquisite craftsmanship.

If you are into a more casual look, try the beautiful blend of subtle elegance in the style of our sandals which are crafted keeping your comfort in mind. A busy workday or a day in the sun will keep you going. Easy to wear and made from premium leather, these sandals are a must-have for every modern woman.

Versatile and stylish ballerinas are a timeless addition to your everyday wardrobe. Whether you are going for a meeting or stepping out for a dinner date, stride out with confidence with these shoes. Here is a pair that will steal the show, wherever you go.

These premium leather footwear for women from Language are handmade and available in an assortment of exciting color options. Explore the collection of footwear for women from Language at its exclusive brand outlets at Nungambakkam Chennai, VR Mall Chennai, Express Avenue Chennai, Sarath City Mall, Hyderabad, Lulu Global Mall Bengaluru, and Lulu Mall Kochi. You can also shop the collection online at www.languageshoes.com and www.amazon.in