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Simeio Solution Announces Release of Simeio Identity Vault

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ATLANTA, Dec. 03, 2019 (GLOBE NEWSWIRE) — Simeio Solutions today announced the release of Simeio Identity Vault. The mobile and web application offering is designed for modern identity proofing approaches, which reduces the effort and cost associated with traditional identity proofing and demonstrates the strength of assurance in an identity by leveraging government IDs and facial recognition. Simeio Identity Vault enables users to prove their identity to organizations in a privacy-preserving manner making transactions easy and secure.

“Simeio Identity Vault provides a solution to current legacy identity proofing methodologies,” said Shawn Keve, Chief Revenue Officer at Simeio Solutions. “With a multi-pronged approach, businesses and governments can digitally transform by verifying their customers’, employees’, and all stakeholders’ identities based upon information that we can collect and confirm.”

Simeio Identity Vault provides the following capabilities:

  • Fundamental Identity Proofing: Initiate verification using an official government form of identification (e.g., a driver’s license), uses facial recognition to establish authenticity, then validate using a secondary form of identity (e.g., information from utility provider or telecom carrier)
  • Progressively build a Digital ID card: Save verified claims onto a digital wallet (IOS or Android), and allow for peer attestations
  • Easy Sharing of Claims: Ability to share verified information about an individual to an organization in a privacy-preserving manner
  • TrueID Score with Machine Learning: Evaluate Identity Assurance Level (IAL) and generate a granular trust score that adapts as the identity footprint grows
  • Secure Data Storage & Transmission: Cryptographically secure, verified claims on the users’ mobile device

According to Gartner1, “Security and risk management (SRM) leaders with a responsibility for fraud prevention and secure payment, as well as those responsible for underwriting functions or authentication strategy must invest in new technologies now to bolster or replace legacy identity proofing tools and processes. Accept that any sense of security that comes from using highly compromised static data as a means of corroborating identity is a dangerous illusion.”

Simeio Identity Vault is now available. Visit https://www.simeiosolutions.com/identity-proofing, or contact your Simeio Solutions’ Advisor today for more information.

Market Guide for Identity Proofing and Corroboration, Gartner, April 24, 2018

About Simeio Solutions

Simeio Solutions provides the industry’s most complete Identity and Access Management solution delivered as a service and interoperable with leading IAM tools. We protect over 150 million identities globally for enterprises, institutions, and government entities of all sizes. Our platform and service provides the following set of enterprise-grade security and identity capabilities: Access Management and Federation, Access Request, Directory Services, Identity Governance and Administration, Identity Management and Administration, Privileged Access Management, Security & Risk Intelligence, Data Security & Loss Prevention, and Cloud Security. Simeio IDaaS—which consists of Simeio Identity Orchestrator™ (IO), Simeio Identity Intelligence Center™ (IIC), and managed identity services—brings together best-in-class processes, professionals, and technologies focused entirely on management and protection of identities and related access controls. Headquartered in Atlanta, Georgia, and with Security Operations Centers worldwide, Simeio provides services to Global 2000 companies across all industries, and government entities. For more information, please visit www.simeiosolutions.com.

Simeio Solutions
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Media Contact:
Danya Harper
info@simeiosolutions.com
770-282-4442

Mike Bradshaw
Connect Marketing
mikeb@connectmarketing.com
801-373-7888

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

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Rackspace Expands Professional and Managed Services to Accelerate Customer Cloud Adoption with Amazon Web Services

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SAN ANTONIO and LAS VEGAS, Dec. 03, 2019 (GLOBE NEWSWIRE) — Announced today from AWS re:Invent 2019, Rackspace accelerates its growth as a full stack service provider by expanding its portfolio of Rackspace Service Blocks™. This news expands Rackspace’s leadership in providing professional and managed services for Amazon Web Services (AWS).

With the expansion of the Service Blocks portfolio, Rackspace further empowers customers to keep pace with innovation and capitalize on new services and features like Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), and Serverless Computing.

“Our customers need deep AWS expertise that helps them develop, deploy, and integrate the latest applications, improve and secure their infrastructure, and ultimately make the most of what AWS has to offer so that they can move their businesses forward,” said Matt Stoyka, Chief Relationship Officer, Rackspace. “Our enhancement of Rackspace Service Blocks bridges the skills gap faced by customers who are quickly maturing on AWS.”

“For 15 years, we’ve trusted Rackspace to hear and understand our challenges, diagnose our problems, and quickly develop solutions that fit our evolving needs as a company,” said Bill Dalton, Vice President of Firefly Digital. “Today, bringing their expertise to manage our entire container services journey, Rackspace ensures we’re getting the most from AWS so we can focus on innovating and staying competitive.” 

Enhanced Portfolio for AWS Services: Rackspace Introduces Three New Rackspace Service Block Patterns

Rackspace Service Blocks is the modular cloud services portfolio comprised of discrete, customizable services provided on a flexible consumption model, which allows customers to only pay for the cloud services they need, optimizing IT economics. 

Today’s newly introduced Rackspace Service Block patterns are designed to streamline the adoption of AWS by consolidating broad expertise across infrastructure, applications, data, strategy and integration. This expertise is distilled into solution roadmaps designed to help customers deploy three key types of solutions:

  • Container Services Journey – A combination of Professional Services, Managed Cloud and Advanced Kubernetes Management Service Blocks, this offering helps customers outline their container strategy, build containerized applications and transition them into ongoing management.
  • Hybrid Transformation with VMware Cloud on AWS – A grouping of managed and professional services designed to provide customers with the tools and expertise needed to make a smooth transition to hybrid cloud with VMware Cloud on AWS.
  • Data Modernization – This configuration helps customers streamline analytics processes, uncover deficiencies within processes and derive meaning from data to enable better data-driven business decisions and serve their customers with accurate and timely data.

Learn more about Rackspace Service Blocks at rackspace.com/lp/new-aws-service-blocks. 

Visit Rackspace at Booth #1637 in the Venetian at AWS re:Invent 2019.

About Rackspace
At Rackspace, we accelerate the value of the cloud during every phase of digital transformation. Across applications, data, security, hybrid and multiple clouds worldwide, we provide cloud specialists with unbiased expertise, continuous modernization and Rackspace Service Blocks. We work with leading partners and alliances. As a recognized Gartner Magic Quadrant leader, we deliver Fanatical Experience™ across every interaction. Rackspace has been honored by Fortune, Forbes, Glassdoor and others as one of the best places to work.

Media Contact
Mikala Ferguson
mikala.ferguson@rackspace.com
210-550-6452

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New Research Finds Latest Accounting Regulations Are Significantly Driving Up Audit Costs

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LOS ANGELES, Dec. 03, 2019 (GLOBE NEWSWIRE) — FloQast, a provider of close management software created by accountants for accountants to close the books faster and more accurately, today announced the results of a just released survey entitled “The Ugliness of the Audit.” The study, based on feedback from more than 200 financial audit stakeholders, clearly demonstrates that audits are becoming significantly more costly and burdensome for companies of all sizes and the situation is not expected to improve in the next two years. It is important to note that these cost increases are driven primarily by changing accounting rules and regulations such as ASC 606.

“The audit is an essential part of the accounting process, but it is abundantly clear that the process has become overly taxing and expensive for companies of all sizes,” said Diane Hagglund, senior research analyst at Dimensional Research. “As audits become increasingly painful and burdensome, it is driving demand for innovative software solutions that help mitigate this pain by delivering a level of sanity into the process.”

Key findings in the report include:

  • Audit costs are rapidly growing – Audits are becoming increasingly expensive for organizations of all sizes, with over half of finance teams (53%) reporting substantial increases in audit costs in the past two years, driven primarily (64%) by new accounting regulations. The vast majority (81%) of companies that have adopted ASC 606 in their audit procedures report that it has negatively impacted their audit, increasing the cost and time to complete it and adding additional stress and frustration to the process. Ninety percent (90%) expect audit costs to further increase in the next two years and more than half (55%) of large companies (over 1,000 employees) have annual audit fees of more than $250,000.
  • Audits are lengthy and disruptive for finance teams The audit process places a big strain on finance and accounting departments with ninety-five percent (95%) stating they face challenges with their audits, including conflicts with other work (82%), the complexity of accounting rules (58%), and dealing with the stressful time that has a personal impact on their staff (50%). Most telling, 66% say that CFOs and controllers live with persistent fear that they may have missed something in their financials that will come under the scrutiny of the auditors.
  • Financial software improves the audit process – Close management software is providing improvements to the audit process for 91% of the finance teams that use it, and they are less likely to expect significant increases in the cost of their audit in the future. Eighty-nine percent (89%) of those surveyed indicated they would benefit from additional software capabilities, commonly found in close management, during their audit.

“This survey validates what we hear from our customers every day – the audit has become a black hole that sucks the money, time and morale from accounting teams every year,” said Mike Whitmire, CPA*, co-founder and CEO of FloQast. “FloQast’s goal is to provide controllers and CFOs with the financial software and tools that drive more efficient audits meaning less billable hours by auditors and a quicker return to focusing on what really matters, and that’s running the business.”

A complimentary copy of the report is available at www.floqast.com/auditsurvey.

Join Dimensional Research and FloQast for a live webinar on “The Ugliness of the Audit – and How to Avoid It” on December 11 at 11:00 am PT/2:00 pm ET during which they will walk through the survey results and share best practices for how to improve audit readiness. Register at www.floqast.com/auditsurveywebinar.

To learn about FloQast close management software and how it will help your accounting team to streamline your annual audit, visit www.floqast.com/audit.

Survey Methodology
The survey was conducted by Dimensional Research, on behalf of FloQast, in November 2019. A total of 203 accounting and finance professionals participated in the survey, all of whom were directly responsible for activities and outcomes of year-end financial audits. The purpose of the survey was to gauge finance and accounting professionals’ opinions of and experiences with the annual audit process, particularly in the light of the adoption of new accounting regulations such as ASC 606 and 842.

About Dimensional Research
Dimensional Research® provides practical market research to help technology companies make their customers more successful. Our researchers are experts in the way technology organizations operate to meet the needs of their business stakeholders. We partner with our clients to deliver actionable information that reduces risks, increases customer satisfaction, and improves business results. For more information, visit dimensionalresearch.com.

About FloQast
FloQast is close management software, created by accountants for accountants to close faster and more accurately. On average, accounting teams who rely on FloQast close three days faster. Seamlessly integrated with ERPs and leveraging existing checklists and Excel, FloQast provides a single place to manage the month-end close and gives everyone visibility. The cloud-based software is trusted by more than 750 accounting departments, including those at Lyft, Twilio, Zoom and The Golden State Warriors. To learn more, visit www.floqast.com and join the conversation on Twitter at @floqast.

*inactive

Rebecca Mettler
BOCA Communications for FloQast
floqast@bocacommunications.com
914-215-0113

 

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Resilience360 Research Reveals 66% of Global Manufacturing Customers Have Been Impacted by the U.S.-China Trade War

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TROISDORF, Germany, Dec. 03, 2019 (GLOBE NEWSWIRE) — Resilience360 has released the results of a customer survey launched to assess the impact of the U.S.-China trade war for companies with global manufacturing networks. Among other findings, the results revealed that two-thirds (66%) of the nearly 300 customer respondents have been impacted by the business disruptions and significant operational challenges presented to them by the U.S.-China trade war.

Resilience360 surveyed global customers from disparate industries including life sciences, technology, automotive, mobility, engineering, manufacturing, consumer, retail, energy, chemicals, aerospace, and transportation.

To download the full findings of the report, please click here.

“The survey confirms what many have suspected—the volatility of the U.S.-China trade war has brought about considerable uncertainty for companies with global manufacturing networks,” said Tobias Larsson, Chief Executive Officer, Resilience360. “Successive tariff escalations, regulatory burdens, and other non-tariff barriers have raised serious questions about how companies can adapt their supply chains to prepare for commercial risks amid escalating trade tensions.”

“This research provides our customers the ability to benchmark their own risk planning efforts with industry peers, assess current contingency plans, adapt supply chain networks where needed and ultimately—protect the bottom line as global trade tensions continue to persist,” he continued.

The U.S.-China trade war is a high-profile example of the type of supply chain disruption that Resilience360 helps companies monitor, mitigate and make contingency plans against. The supply chain risk management company predicts, monitors, and mitigates disruptions both man-made and natural, including hurricanes, cyberattacks, labor strikes, protests and a rapidly changing regulatory environment.

Key findings from the study show that:

  • Lack of contingency planning to mitigate risks:
    25.3 percent of respondents cited that they had not planned any contingency plans to mitigate the risks posed by the trade war. In particular, 47.6 percent of respondents from the engineering & manufacturing and 40 percent of automotive and mobility sectors declared that they had no contingency plans at all despite being industries heavily targeted in the trade war.
  • More than two-thirds of the total respondents are impacted by the trade war:
    Two-thirds of respondents (66%) indicated that they were either highly affected or somewhat affected by the challenges created by the U.S.-China trade war.
  • Tariff costs are the reason for relocating from China:
    The primary reason why organizations are considering either shifting production or relocating manufacturing activities out of China is the need to avoid tariff costs (57 percent), which is followed by market access and regulatory restrictions (33 percent), rising labor costs (31 percent), and increasing domestic competition from Chinese firms (13 percent).
  • India and Vietnam are the preferred destinations for rerouting production/manufacturing: India (11 percent) and Vietnam (11 percent) are the preferred options for respondents when looking to shift production or move manufacturing operations outside of China due to the trade war. Other major areas that identified include the European Union (7.7 percent), Mexico (6.7 percent), U.S. (6.5 percent), Malaysia (6.1 percent), Thailand (5.8 percent), Indonesia (5.5 percent), Cambodia (3.2 percent) and Japan (2.5 percent).
  • Regulatory restrictions/uncertainty are also a factor:
    For multinational companies with supply chain operations in China, more than half of the respondents view regulatory uncertainty and restrictions as being the largest non-tariff barrier (53 percent); followed by customs clearance delays (36 percent); increased inspections such as environmental, product review, or security audits (28 percent); and business licensing and administrative barriers (17 percent).

Resilience360’s risk mitigation tools provide businesses with the information they need for supply chain visualization, trade compliance and to help provide near real time monitoring of incidents.

Resilience360 builds a model of a customer’s extended supply chain based on the company’s product bills of materials and supply chain partners, and then accesses millions of open source media sites to provide an accurate assessment of potentially disruptive events that can impact the supply chain. Machine learning is used to detect and classify risk events, monitoring millions of data points every day against risk-related conversations that are taking place across a given supplier base. Analysts are used to help verify that events truly are material and to improve the machine learning engine. The platform provides a comprehensive set of tools that evaluate and monitor supply chain risks with potential resolutions, which are then automatically routed to customers.

To download the full findings of the report, please click here.

About Resilience360
Resilience360 helps companies to visualize, track and protect their business operations. The Resilience360 solution facilitates intuitive supply chain visualization, tracks shipments and ETAs across different transport modes and enables near real-time monitoring of incidents capable of disrupting supply chains. Resilience360 easily integrates with business systems and helps companies keep track of risk in combination with their business performance indicators. It enables companies to better ensure business continuity, building risk profiles based on over 30 risk databases, and identifying critical hotspots using heat-maps to mitigate risks and to turn potential disruptions into a competitive advantage. For more information, go to https://www.resilience360.dhl.com/. 

Media Contact:

Will Haraway
Backbeat Marketing
404.593.8320
william@backbeatmarketing.com
www.linkedin.com/in/willharaway
www.backbeatmarketing.com

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