CS TAs report systemic issues with overworking, Brown's HR system – The Brown Daily Herald
Unionizing was not the first solution explored by exasperated teaching assistants in the computer science department.
Facing what they saw as systemic issues within the department, such as overworking and inaccurate hour logs, the TAs sought department help. They communicated with and met department leaders and secured a raise for their colleagues. But they found that change insufficient.
Months after presenting their concerns, a group of computer science undergraduate TAs announced their intention to unionize in an Instagram post on Monday. Organizers described issues in the department in their announcement, including TAs frequently working overtime, underreporting hours and playing the “role of professors” by “writing handouts, rubrics and lecture slides,” according to the Teaching Assistant Labor Organization’s press release.
And these issues span courses across levels in the department and are persistent, The Herald found through interviews with organizers, other undergraduate TAs and department officials.
Before the union was officially announced, The Herald interviewed nine students involved in organizing TALO about departmental issues and TAs’ attempts to address them prior to unionization. They said TAs often work more hours than the University allows, are tasked with developing large portions of course material and have worked without official positions through Workday — the University’s human resources management system — which causes hours to be backlogged and has led to students choosing to work without Workday positions.
Working without Workday positions violates labor laws, said Tom Doeppner, associate professor of computer science in research and the department’s director of undergraduate studies.
Seven other TAs not involved with the union’s organizing committee had noticed many of the same problems but said issues vary between courses, and larger classes with fewer TAs feel a more intense burden.
TA workloads have “been a tough problem,” Doeppner said. “Many TAs felt that (their) course really needed them to work, and they would put in the time.”
Doeppner, who spoke to The Herald on behalf of the entire department, noted that the department has procedures in place meant to alleviate many problems that TAs and TALO described. But union organizers said that implementation of the guidelines varies across the department, and when problems arise there is no formal avenue for TAs to report concerns.
If TAs have an issue with a professor, Doeppner has encouraged them to reach out to him or Roberto Tamassia, professor of computer science and department chair. He added that when students bring him complaints, he will discuss them with the professor for those students’ courses and send the relevant faculty member the anonymized complaint.
Several TAs also noted that intense pressure and emotional burden comes from being overworked and bearing responsibility for course development.
“I feel like the CS department could not exist without the TA program,” said Parker Simon ’24, a head teaching assistant for CSCI 0330: “Introduction to Computer Systems.”
“Growing pains”: A rapidly expanding department
In 2011, 57 students graduated with degrees in computer science, including joint concentrators, Doeppner said. In the spring, 366 computer science concentrators graduated from the department.
This semester, CSCI 0150: “Introduction to Object-Oriented Programming and Computer Science” has 424 students enrolled, according to Courses@Brown. In 2016, the same course had 323 students.
The TA program has grown as well, with “about 400” TAs working for pay or course credit this semester, according to Doeppner. Those TAs are primarily undergraduate teaching assistants and HTAs, who manage and hire UTAs and help plan courses.
UTAs are primarily responsible for grading assignments and answering student questions during office hours and on Ed Stem, the department’s online forum for students to ask questions about courses. The role’s responsibilities are outlined in the UTA missive, a document written by department representatives and meta teaching assistants, who oversee the department’s hiring and physical space assignments.
“The department across the board is dealing with these growing pains,” said Daniel Ritchie, assistant professor of computer science and instructor of CSCI 1230: “Introduction to Computer Graphics.”
“A central question we’re dealing with (is) how do we scale to the demand we’re experiencing,” Ritchie said. To address issues in the past, “typically informal processes worked” because “the department was small.”
“As things scale up, you need to impose more structure sometimes,” he added.
Last spring, an open letter from UTAs and HTAs circulated within the department asking the department and University administration to work with TAs to change how they were treated. Signed by 44 people, including 33 who identified themselves as TAs, it called for clearer expectations for workloads and job descriptions, better compensation and reduced course material creation responsibilities after the start of the semester.
Eight TAs who spoke with The Herald said their work creates an emotional burden. The letter noted that “TAs have often felt personally responsible for a course’s success and operation.”
The open letter also called for “formalized reporting mechanisms,” which the department lacks, said Nick Young ’23, a five-time TA who was not involved in union organizing.
The letter was written after the first of four meetings last spring between nine TAs and three department representatives: Doeppner, Kathi Fisler — professor of computer science for research and the department’s associate director of undergraduate studies — and Ugur Cetintemel, professor of computer science and chair of the department at the time.
The meetings prompted some changes, said Colton Rusch ’23 and Eva Lau ’23, HTAs for CSCI 0320: “Introduction to Software Engineering” who helped write the letter and served on the union organizing committee. The union organizing committee and working group have overlap but are not the same.
This summer, the department received University permission to raise TA wages roughly 20% across the board, Doeppner said. UTAs are now paid $15.50 per hour, HTAs are paid $17.50 per hour and MTAs are paid $23 per hour, according to an August email sent to the department reviewed by The Herald.
The department also edited job descriptions and the missive for HTAs and UTAs, Rusch said.
“The old HTA missive said generally, ‘You should do whatever it takes to keep the course running smoothly,’ ” Ritchie said. Fisler added that the group designed a form meant to assign “key tasks” ahead of time to faculty course instructors and TAs that a “handful” of courses have used this fall, including Ritchie’s.
Still, TALO’s organizers felt the department’s decentralized structure prevents enforcement of guidelines, with some TAs still putting in too many hours and taking on course development well into the semester that is meant for breaks and TA camp — when TAs come back to campus early to put together key pieces of a course. Some also said they have continued to experience problems with their Workday positions.
Doeppner clearly outlined workload expectations for UTAs — and noted that TAs should be paid for all hours worked — in a 2021 all-TA email and a speech at an all-TA meeting during fall 2022 TA camp, both of which were reviewed by The Herald. He relayed a similar message to faculty members, he said, adding that he did not mention HTAs’ workloads to student staff but did to faculty.
On Oct. 20, Fisler reached out to members of the working group, many of whom had joined the organizing committee, to resume work, according to an email reviewed by The Herald. Rusch explained to The Herald that the working group decided not to respond because many of their broader concerns about the department had gone unaddressed in the spring. By then, members were instead focused on organizing the union.
Inaccurate timesheets and working without positions
Earlier this year, two courses entered TA camp with multiple student workers not having positions in Workday, according to multiple HTAs. Both incidents, which were in larger courses with more than 10 TAs and 125 students, were confirmed by Doeppner.
In the first instance, the course began work with UTAs who did not realize they weren’t yet registered in Workday, where TAs log their hours to be paid. Upon learning this, unregistered TAs stopped work until they were onboarded.
In the second, UTAs without positions initially were instructed not to work by their HTAs, but then were instructed to begin course development shortly after — despite not yet being in Workday’s system — in an effort to prevent extending work into the semester. They later backlogged those hours.
In an August meeting at the start of TA camp, Doeppner said students not in Workday were not allowed to work. He also said he received a “number of emails about TAs not having their positions,” according to a meeting recording reviewed by The Herald.
MTAs manage hiring for UTAs in consultation with Doeppner and Fisler, and professors hire HTAs, but it is the department’s responsibility to onboard TAs into Workday, Doeppner said. One administrative staff member is primarily responsible for enrolling the roughly 400 TAs in Workday and managing hours, Doeppner confirmed.
As an employer, the University is subject to the federal Fair Labor Standards Act, which requires employers to accurately log time worked by employees. Hourly workers are also required to record all time worked, according to University guidelines.
TAs who have been hired but do not yet have Workday positions over academic breaks or during TA camp often continue to work while waiting for their Workday positions, said Young, the five-time TA. When students do that work, it violates the University’s policy, Doeppner said.
Doeppner emphasized that the department aims to compensate TAs for every hour they work, regardless of if they were in the system — rhetoric that Young said he has noticed.
The department has implemented a new strategy to address previous administrative issues: onboarding TAs onto Workday immediately after they are offered a job, Doeppner explained. Previously, students were onboarded during or after breaks in the academic calendar. Hiring all TAs “by default” keeps the department from making errors, he added.
Course development and professor bandwidth
Course development was mentioned as a source of extra work for seven TAs interviewed, all of whom were involved in TALO.
Each TA said their respective professor took a different approach to course development. Because computer science is ever-evolving, courses constantly change to keep up, Young said.
This semester, Tim Nelson — assistant professor of computer science and the instructor for the course Lau and Rusch TA — has increased his role in course development, removing work that would have previously fallen upon HTAs.
Nelson did not respond to multiple requests for comment by press time.
“The problem is, that’s Tim’s decision,” said Galen Winsor ’22.5. Winsor, a CSCI 0320 UTA and socially responsible computing teaching assistant, meaning he is responsible for ethics-focused elements of the course, as well as a union organizing committee member, also helped write the letter. The department lacks standards to ensure all professors develop courses beyond lecturing, said Derick Toth ’23, a UTA for CSCI 1230.
Doeppner said CS professors face a “huge amount of pressure” to ensure TAs do not have excessive hours, and that management intervenes if there is concern TAs are overworked. Professors are accountable for their courses through feedback and course review and should be “familiar enough with the assignments to help students that might otherwise go to a TA,” he added.
Anika Ahluwalia ’23, HTA for CSCI 1300: “User Interfaces and User Experience,” said that while course instructor Jeff Huang, associate chair and associate professor of computer science, is involved in course development, HTAs were responsible for adding an assignment, changing the structure of a studio and creating a two-day “user interface camp.” This work stretched into the semester. She attended two union meetings but was not involved in its organization.
In response to questions about Ahluwalia’s workload for his course, Huang wrote in an email to The Herald that he appreciated his HTAs’ dedication and has spoken with them about managing their workload. One provision resulting from those conversations was a 15-hour work limit, after which “work should cease.”
Zack Cheng ’23, an HTA for CSCI 1230 who did not sign the letter but helped organize the union, said that he was polishing course materials — examples of completed assignments — through the beginning of the semester. Ritchie, the course’s instructor, said that he “inherited” the course with the intent to modify its curriculum while keeping high-level topics the same. While Cheng expected to make large changes, he said that work hours were greater than he expected.
“It’s hard to work to develop a course while you’re working on your own courses,” said Rusch, “and trying to be a person.”
Ritchie said that when he sees Cheng getting “overworked,” he has tried to intervene. But Cheng noted that Ritchie does not review materials unless Cheng asks.
Ritchie said he oversaw planning for course development and was happy to “take passes” on materials but does not have the “bandwidth” to write code because of his additional responsibilities in advising and research.
Other TAs, such as Paul Biberstein ’23, Simon and Harisen Luby ’23 — another HTA for CSCI 0330 — said their course development work primarily ended with TA camp. In CSCI 0330, HTAs planned the course’s logistics and wrote a script, but Doeppner is “very involved,” Simon said.
Last semester, TAs for CSCI 0200: “Program Design with Data Structures and Algorithms” struggled with work that began in summer 2021 to develop a course merging former classes CSCI 0160: “Introduction to Algorithms and Data Structures” and CSCI 0180: “Computer Science: An Integrated Introduction,” said UTA Harshini Venkatachalam ’23, a Herald illustrator.
Venkatachalam is a member of the organizing group, a UTA for CSCI 1810: “Computational Molecular Biology” and a former HTA for CSCI 0200. CSCI 0200 canceled its final two labs, a move TAs encouraged, Venkatachalam said.
This semester, most of CSCI 0200’s course content was “predeveloped,” Seth Sabar ’24 said, noting that the HTAs occasionally “touch up” labs and projects.
Ahluwalia said she often feels like the “face” of her course, a sentiment echoed by other TAs.
“Immense amount of pressure”: TAs working extra hours
In the spring, beyond the changes from the meetings, the working group distributed a survey reviewed by The Herald in which 65 TA respondents cited a culture in which extra work hours were expected. It also showed that a slight majority had underreported their hours when logging them.
Two TAs, who were involved with either the organizing committee or letter group, told The Herald that they had worked significantly more than their authorized 20 weekly hours in 2022 — Ahluwalia this fall and Joe Han ’22, a member of the spring’s working group, last semester.
Department guidelines state that UTAs should work no more than 10 hours each week, Doeppner said. The expectation for HTAs is less “spelled out,” he said, but HTAs should never work more than 20 hours weekly, the University’s recommended limit for undergraduate employees. TAs are allowed to work 40 hours per week during TA camp.
Ahluwalia worked an average of 29 hours per week for the two-week span between Oct. 23 and Nov. 5, according to a payslip reviewed by The Herald. Once she hits 15 work hours in a week, Ahluwalia now meets with Huang, the course instructor, to determine what to prioritize — but still typically works 20 to 25 hours each week, she said.
With 391 students enrolled in Ahluwalia’s course, work tends to exceed the capacity of the 15-person TA staff, she said. Because the course was smaller when it was last taught in 2020, it is understaffed in TAs, Doeppner said; as a rule, each course has one TA for every eight to 10 students. CSCI 1300 has a ratio of one TA to about 26 students.
Huang wrote that “if (TAs) end up working more” than the limit in his course, “they should be paid” for each additional hour.
Han said he logged 20 to 30 hours a week in the first half of the spring 2022 semester as an HTA for CSCI 0200. By the end of the semester, Han’s average dropped below 20 hours per week. Sabar, then a UTA for the course, said HTAs regularly logged more than 20 hours.
With a new course, “mid-semester adjustments” may be needed, Fisler, formerly one of two instructors for CSCI 0200, wrote in an email to The Herald.
This fall’s workload for CSCI 0200 has been different, said Sabar, now an HTA. This semester, he has consistently recorded about 15 hours weekly, aside from the first two weeks when his total was near 25. The class’s unusually high TA-to-student ratio helps keep his workload lighter, he said.
“We’re unhappy if you work more hours,” Doeppner said. “We’re even more unhappy if you don’t report the hours.” Students who work more than 40 hours in a week should receive overtime pay, he added.
Cheng, Simon and Luby separately said that their workload typically ranges from 15 to 20 hours per week, though Luby worked around 25 hours in the first weeks of the semester, she said. She partially expected to go over 20 hours. She enjoys the job, she said, and feels comfortable going to Doeppner with concerns.
“It becomes a problem when professors aren’t aware” of TAs’ extra work, Luby said.
“I feel an immense amount of pressure,” Luby explained. When things go awry, “it’s hard not to feel like it’s your fault.”
“In general, faculty members should be aware of other HTAs being overly stressed,” Doeppner said. “This is sometimes difficult because a student might be feeling a huge burden by the position, and they’re doing an amazingly good job of not letting it show.”
Han recalled one instance of working until 4 a.m. “A lot of people (were) counting on me,” he said, “and I can’t afford to let this go wrong.”
Additional reporting by Sam Levine and Alex Nadirashvili
Correction: A previous version of this article incorrectly stated that Cheng was remaking course materials and demos. The Herald regrets the error.
Clarification: A previous version of this article did not accurately reflect how Cheng asked Ritchie to review materials. The story has been updated.
Will Kubzansky is a University News editor from Washington, D.C. who oversees the admission & financial aid and staff & student labor beats. In his free time, he plays the guitar and soccer — both poorly.
The Brown Daily Herald, Inc. is a financially independent, nonprofit media organization with more than 250 students working across our journalism, business and web divisions.
Donations are integral to the continued success of the Brown Daily Herald. If you are able, please take one minute to make a tax-deductible contribution to support our student journalists and keep us online and growing. Thank you!
- Published in Uncategorized
New Document Management Tools Cure HR's Paperwork Blues – SHRM
96% of members agree: “SHRM’s information is very useful to me”
SHRM India has India-specific pricing and certification details.
Check out our recently added articles.
Do you need help with your HR questions? An HR Advisor is here to help by email, live chat, or phone.
Members may download one copy of our sample forms and templates for your personal use within your organization. Please note that all such forms and policies should be reviewed by your legal counsel for compliance with applicable law, and should be modified to suit your organization’s culture, industry, and practices. Neither members nor non-members may reproduce such samples in any other way (e.g., to republish in a book or use for a commercial purpose) without SHRM’s permission. To request permission for specific items, click on the “reuse permissions” button on the page where you find the item.
When the human resource team at Impact Networking invested in a next-generation document management system, it shifted the department’s efforts to go paperless into overdrive. The new technology allowed HR to digitize myriad paper forms and documents, eliminate cumbersome e-mail threads, collaborate on documents, and track and store digital forms more efficiently and securely.
Mary Zellers, director of HR at Impact Networking, a managed services provider in Lake Forest, Ill., said the platform from vendor PandaDoc enabled her team to digitize offer letters to job candidates; compensation plans; and administrative documents like position changes, salary adjustments, leave requests and offboarding forms.
"We were able to accelerate the digitization of paper documents but also added important new efficiencies to how we organize, track, approve and store all of those forms," Zellers said.
The platform proved its mettle during the pandemic when Impact’s workforce started working remotely, she said. "We had to send a lot of documents out quickly to employees, like work-from-home contracts and other agreements and training resources. We were able to rapidly create those digitally and automatically send them to large groups. In the first three months of the pandemic, we sent out about 1,800 digital documents."
The system’s reusable templates and collaboration tools also have streamlined HR workflows, Zellers said. "Many of our documents require multi-employee sign off from finance, line managers and employees. We no longer need to send out individual versions to people because we can collect multiple e-signatures on the same document."
Zellers said the platform allows her to know at a glance who’s received and signed documents.
Value of Next-Generation Document Management Platforms
Experts say that while HR has made progress in digitizing the many forms and documents used in the department, it still lags other organizational functions in that effort. In its 2021 Global Enterprise Content Management survey, Forrester found that overall adoption of document and content management platforms rose steadily in the last year. The top three reasons for implementing these platforms were to digitize business processes, achieve cost-effective automation, and improve legal and regulatory compliance, the study noted.
Vendors have recently launched new applications designed specifically for employee file management, onboarding and contractor compliance, according to the study.
A 2020 study by Aberdeen Strategy and Research in Austin, Texas, found that one of HR’s top challenges is that the sheer volume of requests to the department is growing too fast for current technology solutions to handle. The study’s authors concluded now is the time to digitize processes that still have manual and paper-based steps.
The Aberdeen study found that HR functions using simple techniques such as e-signatures can improve employee productivity by up to 70 percent and allow organizations to be up to four times faster in time-to-hire for job candidates than those not using e-signatures.
Experts say document management systems also help HR avoid the headaches and time delays related to the still-common practice of sending out forms via e-mail to be reviewed and signed.
"In the past, important documents here would get stuck in e-mail inboxes and never make it to a personnel file," Zellers said. "With the digital storage, automated workflows and notifications provided by our new system, there’s a reassurance forms end up where they’re supposed to be. It’s extremely important in HR to have processes in place that ensure safe storage of documents and a clear audit trail if needed."
Innovations in Document Management Systems
Cheryl McKinnon, a principal analyst for Forrester, said innovations from document and content management vendors are helping to accelerate the move to "digital-first" HR documents, processes and file management.
Those innovations include a growing use of artificial intelligence and machine learning. "New, intelligent services are helping HR extract useful data and text more quickly from a broader range of less-structured document types and are helping to solve new problems," McKinnon said.
For example, this new technology is being used to auto-detect missing signatures on documents and ensure remediation quickly, rather than delaying a new hire or manager approval, she said. In addition, "intelligent data extraction" platforms no longer depend on human operators to define specific "zones" on a document to extract an employee ID number or address.
"New AI tools can find the relevant piece of data even if the documents are laid out differently, such as with resumes," McKinnon said.
Improvements to integration and search features on these platforms have allowed HR teams to better manage documents and forms alongside the employee data in human resource information systems and case management or service desk applications, she added. "That helps provide a more contextual view of an employee record or a transaction."
McKinnon said cross-repository or cross-application search ability also is increasingly essential for HR, particularly for those operating a mix of on-premises and cloud applications or who have a strategy of growing via merger and acquisition where there are multiple systems holding digital records.
Challenges of Digitizing HR Forms
Digital transformation doesn’t come without challenges and potential risks. Among the key challenges is integrating and creating a common interface when paper documents still exist alongside digital ones, experts say.
"There are some records management applications that do indeed support common search tools to find both types of documents or employee information," McKinnon said. "But it requires that an organization make the effort to import or otherwise capture relevant metadata on the physical folders, boxes or individual items."
For example, a search could return relevant digital items for viewing as well as provide information on where to go to retrieve the physical items by box number, shelf location or warehouse location, she said.
Digital records also can present long-term storage challenges that tend to be overlooked. McKinnon said employee records may have retention rules that span decades based on specific laws or regulations. Examples would be employee certification records, records pertaining to health or safety regulations, and documents about pension obligations.
"Long-term digital preservation is often an afterthought in enterprises," McKinnon said. "But after 10 or 20 years there is a risk of file formats becoming obsolete, as well as risks tied to underlying storage devices not being well-maintained or if a third-party storage provider or app exits the business."
Experts say planning for long-term readability, accessibility and trustworthiness of digital records should be a criterion when selecting HR document or content management platforms.
Dave Zielinski is a freelance business writer and editor in Minneapolis.
Members may download one copy of our sample forms and templates for your personal use within your organization. Please note that all such forms and policies should be reviewed by your legal counsel for compliance with applicable law, and should be modified to suit your organization’s culture, industry, and practices. Neither members nor non-members may reproduce such samples in any other way (e.g., to republish in a book or use for a commercial purpose) without SHRM’s permission. To request permission for specific items, click on the “reuse permissions” button on the page where you find the item.
You have successfully saved this page as a bookmark.
Please confirm that you want to proceed with deleting bookmark.
You have successfully removed bookmark.
Delete canceled
Please log in as a SHRM member before saving bookmarks.
Your session has expired. Please log in as a SHRM member.
Please purchase a SHRM membership before saving bookmarks.
An error has occurred
Give the Gift of Options with Uber for Business
Choose Your Certification
$(document).ready(function () {
var currentUrl = window.location.href.toLowerCase();
var currentLocation = getCookie(“SHRM_Core_CurrentUser_LocationID”);
if(currentUrl.indexOf(“/about-shrm/pages/shrm-china.aspx”) > -1) {
$(“span.current-site”).html(“SHRM China “);
}
else if(currentUrl.indexOf(“/about-shrm/pages/shrm-mena.aspx”) > -1) {
$(“span.current-site”).html(“SHRM MENA “);
}
});
if($(‘.container-footer’).length > 1){
$(‘.container-footer’).first().hide();
}
- Published in Uncategorized
Microsoft Cloud for Sovereignty: The most flexible and comprehensive solution for digital sovereignty – The Official Microsoft Blog – Microsoft
Jul 19, 2022
Governments and public sector customers around the world are looking to accelerate their digital transformation, creating opportunities for social and economic growth and enhancing citizen services. Today, I am excited to announce Microsoft Cloud for Sovereignty, a new solution that will enable public sector customers to build and digitally transform workloads in the Microsoft Cloud while meeting their compliance, security and policy requirements. Today, public sector customers can harness the full power of Microsoft Cloud, including broad platform capabilities, resiliency, agility and security. With the addition of Microsoft Cloud for Sovereignty, they will have greater control over their data and increased transparency to the operational and governance processes of the cloud.
Governments are obligated to meet specific requirements for varying data classifications including data governance, security controls, privacy of citizens, data residency, sovereign protections and compliant operations following legal regulations like the GDPR (General Data Protection Regulation). The Microsoft Cloud for Sovereignty — offering governance, security, transparency and sovereign technology — combined with strategic partners can support the digital transformation of government customers unlike any other cloud provider in the world.
Helping customers leverage the cloud while meeting their unique needs
Microsoft Cloud for Sovereignty is being built on the Microsoft public cloud to accelerate digital transformation while creating a customized experience adhering to government requirements. Government customers will have the power of the public cloud, addressing low cost, agility and scale expectations, with the full breadth of capabilities like modern developer services, agile infrastructure, secure DevOps, open-source platforms, modern collaboration and low-code development. Additionally, Microsoft Cloud for Sovereignty customers will continue benefiting from Microsoft’s global security signals, analyzing over 24 trillion signals every day to identify and help protect against local attacks.
Data residency
The foundation of Microsoft Cloud for Sovereignty will start with our Azure regional datacenters. Today, with 60-plus cloud regions, the Microsoft Cloud delivers the broadest capabilities and innovation with data residency and proximity in more locations than any other cloud provider, enabling residency options for the entire Microsoft Cloud including Microsoft 365, Dynamics 365 and Azure. Enabled by our industry-leading policy controls, customers today can meet many regulatory requirements and implement policies to contain their data and applications within their preferred geographic boundary. Customers can specify the country or region for most service deployments with the ability to satisfy industry, national, or global security, privacy and compliance requirements.
Microsoft has the most comprehensive compliance coverage of any cloud service provider with 100-plus offerings including more than 50 which are specific to global regions and countries. Microsoft engages with governments, regulators, standards bodies and nongovernmental organizations to understand emerging requirements and ensure a fast and effective enablement of critical compliance needs. Specifically in Europe, expanding on our data residency commitment, the forthcoming EU Data Boundary will ensure Microsoft not only stores but also processes customer data in the EU and European Free Trade Association.
Sovereign controls
With Microsoft Cloud for Sovereignty, we will deliver capabilities that will provide customers with additional layers to protect and encrypt sensitive data. These capabilities span the entire Microsoft Cloud from cloud infrastructure, platform services and Software as a Service (SaaS) offerings like Microsoft 365, Dynamics 365 and Power Platform. Customers can leverage Azure Confidential Computing, an innovative technology offering sovereign protection with Confidential Virtual Machines and Confidential Containers. Our unique offering utilizes specialized hardware to create isolated and encrypted memory called Trusted Execution Environments (or TEEs). Customer-owned encryption keys are confidentially and securely released directly from a Managed HSM (Hardware Security Module) into the TEEs executing on customer encrypted data. This secures customer keys, even while in-use, and ensures data is encrypted while at rest, in transit, and in use, helping protect data and keys against numerous security risks and operator access. Customers can benefit from this capability without having to change their application, creating an easy opportunity to leverage the power and scale of the public cloud while still ensuring their data is encrypted at all times. Confidential Compute capabilities extend into purpose-built platform services such as Azure SQL Always Encrypted with secure enclaves and Azure Confidential Ledger.
SaaS solutions like Double Key Encryption allow users in Microsoft 365 to classify emails and documents as “sensitive,” encrypting the customer data using customer-provided keys to protect data from both security risks and operator access. Furthermore, the Customer Lockbox for Microsoft 365, Customer Lockbox for Microsoft Azure, Customer Lockbox for Power Platform, and the forthcoming Customer Lockbox for Dynamics 365, all ensure that Microsoft will only access customer data to execute service operations when given explicit customer approval.
For customer workloads that require additional proximity, physical/operator control and separation, Azure Arc extends our Azure cloud services, management and governance capabilities into an existing or new on-premises environment. With this, customers can already secure and govern infrastructure and apps anywhere, build cloud-native apps faster with familiar tools and services to run them and modernize their data estate for consistent cloud operations.
To simplify the complexity of the spectrum of data classification requirements, Microsoft Cloud for Sovereignty will include a Sovereign Landing Zone, a solution to simplify the architecture, deployment workflow and provide intelligent tools to orchestrate operations of our various security services and policy controls in a streamlined manner. The Sovereign Landing Zone is being built upon the enterprise scale Azure Landing Zone to recommend and enforce regulatory compliance using Infrastructure-as-Code (IaC) and Policy-as-Code (PaC) capabilities built into Azure, which make deployments automatable, customizable, repeatable and consistent. This landing zone will also extend into Azure Information Protection (AIP), enabling policy and labeling for access control and protection on email and document data. This landing zone will be flexible enough to allow customers to define custom policies to meet specific industry and regulatory requirements. The landing zone will span the Microsoft public cloud, with tools to maintain data residency, deploy sovereign controls, protect data classification and extend into hybrid deployments, creating a single solution for all application needs.
Governance and transparency
Microsoft Cloud for Sovereignty will increase cloud transparency by expanding the Microsoft Government Security Program (GSP) to critical elements of our cloud offering, starting with key Azure infrastructure components. The GSP provides participants with the confidential security information and resources they need to trust Microsoft’s products and services. GSP participants currently include over 45 countries and international organizations represented by more than 90 agencies. Eligible participants receive controlled access to source code, engage on technical content about Microsoft’s products and services, and have access to five globally distributed Transparency Centers. Microsoft Cloud for Sovereignty will also enable audit rights to examine Azure’s compliance processes and evidence under non-disclosure agreements and available audit terms.
Expertise
From the outset, Microsoft Cloud for Sovereignty is being designed as a partner-led and partner-first solution. In-country partners will play a pivotal role in enabling customer success and delivering on government requirements. Back in May, we shared a set of new European Cloud Principles to guide our business in Europe, which includes a focus on providing cloud offerings that meet European government sovereign needs in partnership with local trusted technology providers. This includes working closely with partners like Arvato, Capgemini, Minsait, Orange, SAP, Telefonica and many more, to deliver upon the unique sovereign requirements of each government. This approach of working with local partners to deliver on the needs of public sector organizations is a cornerstone of our approach with the Microsoft Cloud for Sovereignty.
Public sector customers worldwide are increasingly looking for customized cloud solutions that offer additional choice, flexibility and control. With the Microsoft Cloud for Sovereignty, customers will work with in-country partners that have industry and technical experience to help them plan, onboard, govern and operate their cloud environments with capabilities including data residency, confidential computing, document classification and hybrid deployments. Partners will also add value by working with customers to customize the Sovereign Landing Zone, assisting with the audit programs mentioned above, and providing extra readiness, support and transparency. We recognize that our public sector customers have valued relationships with local technology providers and that every country has unique needs. Microsoft Cloud for Sovereignty will offer the tools, the innovation, the processes and the transparency to put the power into the hands of knowledgeable and trusted partners that will support local governments on their digital transformation journey.
For example, in Italy we are working with Leonardo to build a solution that meets the national government’s data classification standards and supports the country’s digital transformation goals with public cloud-based solutions, controls, policy governance and hybrid management.
“Institutions and critical national infrastructures need the modeling, building and management of resilient-by-design Secure National Clouds able to guarantee data integrity, availability and protection in line with country-systems guidelines. Thanks to our extended research and innovation capabilities we can leverage the best from Microsoft Cloud with our capabilities in the cyberspace and in protecting national assets. Our long-term collaboration comes together in a solution that helps ensure the sovereignty of data while at the same time benefiting from the innovation of the public cloud.”
— Gennaro Faella, Senior Vice President Innovation, Leonardo
YouTube Video
Another example is the work we are doing with Proximus in Belgium, where we are collaborating to help meet the privacy and sovereignty challenges of companies and organizations in public and regulated sectors.
“Together, Microsoft’s Azure hyperscale capabilities and Proximus’s hybrid capabilities have the ability to meet many of today’s sovereignty needs. Customers are able to use the most powerful public cloud capabilities while benefiting from the ultimate sovereign and privacy controls relying on our own Proximus infrastructure or the upcoming Microsoft datacenter region in Belgium.
This is building on technical innovations from Microsoft like Azure Confidential Computing, combined with the local anchoring and expertise of Proximus as a trusted cloud service provider. Proximus and Microsoft have a long existing partnership in place, and with today’s announcement will be able to further deliver safe, connected and secure solutions to our shared customers in Belgium, Luxembourg, and The Netherlands.”
— Guillaume Boutin, CEO Proximus Group
We are beginning the initial private preview of Microsoft Cloud for Sovereignty in select locations, and we will share further details over time. As we continue to roll out and expand our solution footprint across our datacenter regions, we look forward to working closely with partners throughout the world to help government customers digitally transform, leveraging today’s powerful capabilities of the Microsoft Cloud.
Tags: Government, Microsoft Cloud for Sovereignty, Security
Jul 13, 2022 Mikhail Parakhin, President Web Experiences, Microsoft
Jun 15, 2022 Judson Althoff
Jun 15, 2022 Charlotte Vuyiswa McClain-Nhlapo, Global Disability Advisor of the World Bank Group, and Jenny Lay-Flurrie, Microsoft Chief Accessibility Officer
May 31, 2022 Çağlayan Arkan
Follow us:
- Published in Uncategorized
Document Outsourcing Services Market is slated to increase at a CAGR of 6.3% to reach US$ 11.74 Bn by the end of 2030 – Future Market Insights
FMIBlog
Future Market Insights Blog
Prominent market research company Future Market Insights infers that the global document outsourcing services market shall expand at a CAGR of 6.3% between 2022 and 2030.
The COVID-19 outbreak has compelled business organizations to institute remote working arrangements, requiring remote communication, preparation of paperless documents, tax filings and payroll processes. All these procedures have compelled companies to shift to virtual platforms, resulting in an uptake of document outsourcing services.
Besides the pandemic, a general requirement to streamline business operations has prompted small, medium and large scale corporations to invest a major chunk of their revenue in document outsourcing services. All these factors are acting as growth catalysts for the market during the forecast period.
The banking, financial services and insurance (BFSI) sector has effectively adopted document outsourcing services, owing to the voluminous nature of its operations. Looking at the nature of its operations, adoption of document outsourcing services has risen exponentially in the past, and will continue to do so across the forecast period.
Request Sample Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-256
List of Key Players Covered in Document Outsourcing Services Market are:
Key Takeaways from FMI’s Document Outsourcing Services Market:
Browse Detailed Summary of Research Report with TOC @ https://www.futuremarketinsights.com/reports/document-outsourcing-services-market
Document Outsourcing Services Market: Key Trends
Document Outsourcing Services Market: Region-wise Analysis
Document Outsourcing Activities Market: Competitive Analysis
The document outsourcing activities market is composed of a handful of players, which include: Symcor, Hewlett-Packard Co., Max BPO, Lexmark International, Inc., Ricoh Co. Ltd., Fuji Xerox Co., Ltd. and Iron Mountain Incorporated.
The abovementioned market players concentrate on developing and launching new solutions. This is primarily driven by the BFSI industry. Besides, they are also forging partnerships with cloud service providers in the wake of the pandemic crisis to offer remote working solutions. For example, Indigenous Link and Symcor are jointly providing to monitor, track and calibrate document management process in real-time across Canada while collecting data of the indigenous population.
Order a Complete Research Report @ https://www.futuremarketinsights.com/checkout/256
Detailed Table of Content:
TOC Continued…
Speak to our Research Expert @ https://www.futuremarketinsights.com/ask-question/rep-gb-256
Related Link :
https://globalsocials.mn.co/posts/29913242
https://drujrake.mn.co/posts/29913249
https://cigarbook.mn.co/posts/29913263
https://howtolive.tribe.so/post/visitor-identification-software-market-key-players-applications-outlook-swo–6392d29e507e1bca5137b8c2
https://hackmd.io/@GIMvuahJRQum99QNHVR2-A/SJICM8eOj
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs
Your email address will not be published. Required fields are marked *
- Published in Uncategorized
Document Management Market to Witness Growth Acceleration | eFileCabinet, Zoho Corporation, Microsoft – Digital Journal
Hi, what are you looking for?
By
Published
New Jersey, N.J., July 19, 2022 The Document Management Market research report provides all the information related to the industry. It gives the outlook of the market by giving authentic data to its client which helps to make essential decisions. It gives an overview of the market which includes its definition, applications and developments, and manufacturing technology. This Document Management market research report tracks all the recent developments and innovations in the market. It gives the data regarding the obstacles while establishing the business and guides to overcome the upcoming challenges and obstacles.
Document management is a system or process used to capture, track, and store electronic documents such as PDF files, word processing files, and digital images of paper content. Document management can save you time and money. The emergence of paperless offices and the need for increased efficiency is driving the growth of the market. Moreover, high scanning requirements to save space further fuel the growth.
Get the PDF Sample Copy (Including FULL TOC, Graphs, and Tables) of this report @:
https://www.a2zmarketresearch.com/sample-request/659738
Competitive landscape:
This Document Management research report throws light on the major market players thriving in the market; it tracks their business strategies, financial status, and upcoming products.
Some of the Top companies Influencing this Market include:eFileCabinet, Zoho Corporation, Microsoft, Google, Ascensio System SIA, Dropbox Business, Box, Adobe Systems, Evernote, M-Files, Office Gemini, Salesforce, Kofax, LSSP, Ademero, Konica Minolta, Lucion Technologies, Speedy Solutions, Blue Project Software, Templafy, SutiSoft, LogicalDOC, DocuXplorer Software, Laserfiche,
Market Scenario:
Firstly, this Document Management research report introduces the market by providing an overview which includes definition, applications, product launches, developments, challenges, and regions. The market is forecasted to reveal strong development by driven consumption in various markets. An analysis of the current market designs and other basic characteristics is provided in the Document Management report.
Regional Coverage:
The region-wise coverage of the market is mentioned in the report, mainly focusing on the regions:
Segmentation Analysis of the market
The market is segmented on the basis of the type, product, end users, raw materials, etc. the segmentation helps to deliver a precise explanation of the market
Market Segmentation: By Type
On-premise
Cloud-based
Market Segmentation: By Application
Government
Healthcare
BFSI
Others
For Any Query or Customization: https://a2zmarketresearch.com/ask-for-customization/659738
An assessment of the market attractiveness with regard to the competition that new players and products are likely to present to older ones has been provided in the publication. The research report also mentions the innovations, new developments, marketing strategies, branding techniques, and products of the key participants present in the global Document Management market. To present a clear vision of the market the competitive landscape has been thoroughly analyzed utilizing the value chain analysis. The opportunities and threats present in the future for the key market players have also been emphasized in the publication.
This report aims to provide:
Table of Contents
Global Document Management Market Research Report 2022 – 2029
Chapter 1 Document Management Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Document Management Market Forecast
Buy Exclusive Report @: https://www.a2zmarketresearch.com/checkout
Contact Us:
Roger Smith
1887 WHITNEY MESA DR HENDERSON, NV 89014
[email protected]
+1 775 237 4157
Related Reports:
Biodegradable Bubble Wrap Market to Witness Growth Acceleration | Automated Packaging Systems, AP Packaging, Dana Poly
Utility Locator Market with Tremendous growth by 2029 Vivax-Metrotech, The Charles Machine Works, Radiodetection
Communications-based Train Control (CBTC) Market See Huge Growth for New Normal | Thales, Hitachi, Alstom
Intelligent Driving Solutions Market Scope and overview, To Develop with Increased Global Emphasis on Industrialization 2029 | Mobileye, Nvidia, Huawei
Pedestrians AEB System Market Report Covers Future Trends with Research 2022-2029 | ZF TRW, Continental AG, DENSO Corporation
Neuromuscular Stimulators Market to Witness Growth Acceleration | Medtronic, Boston Scientific, St. Jude Medical
Pancreatic Stone Protein Testing Market Is Booming Worldwide RayBiotech, Inc., Thermo Fisher Scientific
Cardiac Catheter Sensors Market to See Booming Growth GE Healthcare, Medtronic PLC, Honeywell International
Sperm Analysis System Market Growing Massively by QingHua TongFang, Hamilton Thorne Inc, Stormoff
Biodegradable Bubble Wrap Market to Witness Growth Acceleration | Automated Packaging Systems, AP Packaging, Dana Poly0
COMTEX_410512915/2769/2022-07-19T08:22:27
Social Media platforms’ competition for attention with short-form content has been the epicentre of 2022 and will continue to be the focus in 2023.
Dozens of scientists, experts and campaigners called for a ban on the release of genetically-edited organisms into the wild.
The same vulnerabilities, threats and risks apply to chatbots as they do to other customer-facing online applications.
A 60-140-meter asteroid is approaching Earth, and the ESA challenges amateur astronomers to help them find it.
COPYRIGHT © 1998 – 2022 DIGITAL JOURNAL INC. Sitemaps: XML / News . Digital Journal is not responsible for the content of external sites. Read more about our external linking.
- Published in Uncategorized
Global Laboratory Informatics Market Report 2022 to 2032 – Decreasing Cost Due to Increasing Use of Cloud-Based Systems Presents Opportunities – ResearchAndMarkets.com – Business Wire
DUBLIN–(BUSINESS WIRE)–The “Laboratory Informatics Market – A Global Market and Regional Analysis: Focus on Type, Offering, Component, Deployment, End User, and Region Analysis – Analysis and Forecast, 2022-2032” report has been added to ResearchAndMarkets.com’s offering.
The global laboratory informatics market was valued at $4,341.2 million in 2021 and is anticipated to reach $12,677.0 million by 2032, witnessing a CAGR of 10.27% during the forecast period 2022-2032.
The growth in the global laboratory informatics market is expected to be driven by the increased efficiency of laboratories due to their usage and better data management. Additionally, it saves time and money.
Laboratory informatics plays an essential role in laboratories fulfilling quality standards, eliminating transcribing mistakes, shortening the time it takes from specimen receipt to results reporting, and improving patient outcomes. Over the last decade, technical developments in laboratory equipment have resulted in increasing specimen numbers, as well as a growing need for and dependence on laboratory data to support clinical and public health demands.
These advancements indicated that paper-based record keeping and results reporting were impractical and could not serve the laboratory’s commercial demands. As a result, there has been a significant increase in the need for laboratory informatics adoption at all levels. This expanded usage of laboratory informatics has enabled end customers to describe particular system requirements, prompting suppliers to design more appealing and practical products and feasible laboratory informatics choices.
Recent Developments in the Global Laboratory Informatics Market
Market Dynamics
Drivers
Challenges
Opportunities
Companies Mentioned
Market Segmentation
Segmentation 1: by Type
Segmentation 2: by Offering
Segmentation 3: by Component
Segmentation 4: by Deployment
Segmentation 5: by End User
Segmentation 6: by Region
For more information about this report visit https://www.researchandmarkets.com/r/nn7nu3
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
- Published in Uncategorized
New to The Street / Newsmax TV Announces its Line-up for Episode #412, Nine Interviews, Airing Sunday, December 4, 2022, 10-11 AM ET – GlobeNewswire
December 02, 2022 09:30 ET | Source: FMW Media Works Corp FMW Media Works Corp
New York City, New York, UNITED STATES
NEW YORK, Dec. 02, 2022 (GLOBE NEWSWIRE) — New to The Street / Newsmax TV announces the broadcasting line-up of its nationally syndicated 1- hour TV show this Sunday, December 4, 2022, airing time 10-11 AM ET.
New to The Street’s 412th TV episode line-up, features the following nine (9) corporate interviews:
1). Quantum Computing- Quantum Computing, Inc.’s (NASDAQ: QUBT) ($QUBT) interviews with Robert Liscouski, President, CEO, and Chairman, and Hunter Gaylor, Industry Expert/Advisor
2). American Made Product – American Rebel, Inc.’s (NASDAQ: AREB) ($AREB) interview with Andy Ross, Chairman, and CEO.
3). Ecological Solutions- The Sustainable Green Team (OTC: SGTM) ($SGTM) and VRM BioLogik Group (VRM) presentation by Ken Bellamy, Founder VRM BioLogik.
4). Cryptocurrency – Volt Inu’s (CRYPTO: VOLT) ($VOLT) interviews with Community Leaders, Pablo Cro, Ozzy, and Power Wright.
5). Hemp Cigarettes – Hempacco Co., Inc.’s (NASDAQ: HPCO) ($HPCO) interviews with Sandro Piancone, Co-Founder/CEO, and Jorge Olson, Co-Founder/ Chief Marketing Officer.
6). Cryptocurrency- Apotheosis Investments Global, Inc.’s ($OSIS) (“OSIS”) interviews with Co-founders Chris Tabaro and Jalal Ibrahimi.
7). Email/Messenger Privacy Solutions – Sekur Private Data, Ltd.’s (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0) interview with Alain Ghiai, CEO.
8). Super Food- GMSacha Inchi’s (OTC: QEDN) ($QEDN) interview with Kate Bahnsen, CEO.
9). “Sekur Privacy & Sekur Security Segment” interview with internet privacy expert Mr. Alain Ghiai, CEO, Sekur Private Data Ltd. (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0) (Sekur®).
From the Nasdaq MarketSite studio, New to The Street’s Co- Host Jane King and Hunter Gaylor have a conversation about the significance of Quantum Computing, Inc. (NASDAQ: QUBT) ($QUBT) (“QCI”). Hunter, who is an industry expert/advisor to QCI, and podcast host of “Hunting Opportunities to Consider,” believes that Quantum Computing, Inc.’s software and hardware solutions can democratize the computer industry, which can solve everyday problems faster and more efficiently. Robert ‘Bob’ Liscouski , President, CEO, and Chairman of Quantum Computing, Inc., appears on set with Jane King, explaining further about the Company. As a leader in quantum computer software products, QCI’s ecosystem offers end-users easy access to quantum solutions for mainstream uses. Robert explains that current and classical technologies are in every aspect of our lives. QCI has a full stack of quantum software/hardware solutions to bring quantum computations to a new evolution beyond classical technology. Bob explains the significance of the Company’s June 2022 acquisition of QPhoton, Inc., a quantum photonics innovation company that has developed a quantum photonic system (QPS). AI, new drugs, energy, and many other industries can quickly deploy a QCI software solution ready-to-run. Quantum’s flagship product Qatalyst™ is a first of its kind for the marketplace, which does not involve substantial operational and human resource expenses to deploy. The on-screen QR code is available during the show; download or visit Quantum Computing, Inc. – https://www.quantumcomputinginc.com/.
New to The Street’s TV Host Jane King from the Nasdaq MarketSite studio welcomes Andy Ross, Chairman/CEO of America Rebel, Inc. (NASDAQ: AREB) ($AREB). Inspired by the song “American Rebel,” the Company started in 2015, making American-made safes and concealed carry weapons (CCW) apparel and backpacks. Andy passionately explains the Company’s mission, branded as “America’s Patriotic Brand.” The Company owns eight retail locations selling its products. Additionally, consumers can find products at 400 other retailers and sporting goods stores. The full stand-alone safes are the Company’s flagship product, and along with its CCW apparel/backpacks and weapon lockers, the Company continues to grow. The Company will soon release its e-Bike into the market. Andy talks about his music career. His inspiration when he hosted an Outdoor Channel show evolved into his current position with American Rebel, Inc. The Company will feature its products at the upcoming SHOT trade show in Las Vegas in January 2023. As a patriotic Company – “Made in America,” Andy explains that demand is growing for American-made products, and he is excited about the Company’s future. With a strong social media presence, and websites, www.americanrebel.com and www.andyross.com, viewers can learn more about the Company’s mission and products. The on-screen QR code is available during the show; download or visit America Rebel, Inc. – http://www.americanrebel.com/.
The Sustainable Green Team (OTC: SGTM) ($SGTM) and VRM BioLogik Group (VRM), an Australian Company, are in collaboration to bring VRM’s HumiSoil product into the US Market. Airing on New to The Street, Ken Bellamy, VRM’s founder, explains the hydrosynthesis science which manufactures water. Ken explains how sunlight absorbs solar energy into panels that convert light into usable energy. Plants capture sunlight, too, and convert the sun’s energy using carbon dioxide to create carbohydrates and water. After a couple of decades, Ken was able to figure out this relationship between sunlight and plants. The hydrosynthesis process is a hydrogen oxidization process that brings nutrients and water back into the soil. The more water and nutrients in the soil, plants, and crops yield high amounts of food. VRM’s hydrosynthesis can occur anywhere on the planet, day and night. Taking organic byproducts and stimulating the naturally occurring biological processes creates water. Soil has amazing water storage capability, and VRM developed a successful technique to increase crop yields and soil hydrations. Taking green wastes and food byproducts and converting them using VRM’s hydrosynthesis technology in “Growing Water” can create sustainable solutions for worldwide food production. The documentary gives views on the ecological visions of both entities and shows the practical solutions now available. Websites: VRM BioLogik Group – https://www.vrm.science/ and The Sustainable Green Team – https://www.thesustainablegreenteam.com/.
Volt Inu’s (CRYPTO: VOLT) ($VOLT) Community Leaders, Pablo Cro, Ozzy, and Power Wright join New to The Street’s TV Host Jane King from the Nasdaq MarketSite studio to discuss the Company’s DeFi products. Since its inception in December 2021, Volt Inu is a one-stop shop for DeFi products, with its generated profits going back to burning its native token, $VOLT. The burn rate is deflationary to its token supply, a Company objective. Community Leader, Pablo Cro, informs viewers that Volt has a uniqueness that other crypto companies don’t have, their ability to succeed during bear markets. The Company was formed during a bear market, giving attention to many details perhaps not accomplished during a boom cycle. Ozzy, also a Community Leader, talks about the relationships established within Volt’s community ecosystem and how they continue to grow and mature. The success of some of the largest crypto entities, including Bitcoin and Etherium, all have a common attribute, their communities. Community Leader, Power Wright, explains the importance of communicating effectively with Volt’s community, giving update details and transparency on products and operations. Volt is considered a meme coin with real-life utilities with everyday purchases using the $VOLT token. All three community leaders work diligently to enhance the ecosystem, ensuring community awareness and focusing on growing Volt’s brand name recognition. The on-screen QR code is available during the show; download or visit Volt Inu – https://voltinu.in/.
New to The Street’s TV Host Jane King interviews Hempacco Co., Inc.’s (NASDAQ: HPCO) ($HPCO) Sandro Piancone, Co-Founder/CEO, and Jorge Olson, Co-Founder/Chief Marketing Officer. From the Nasdaq MarketSite studio, viewers learn about the Company’s hemp Disrupting Tobacco™ products. Jorge explains the Company’s goal in Disrupting Tobacco™ products with hemp cigarettes. The tobacco industry is a $1T global industry, while the hemp and cannabis industry is only at $25B. The growing market share for hemp-based smokable products provides opportunities. Jorge explains the different types of cannabinoid infusions that the Company uses to create other effects, from sleep to energy. Sandro discusses its successful celebrity joint venture partnerships with Cheech & Chong and Rick Ross. The Company makes smokable hemp products and wrapping, rolling papers that cater to celebrities’ fans. Management continues to sign-up master distribution agreements, looks for new technological advancements, and will look at accretive acquisitions to grow its hemp-based product footprint. Hempacco owns its production facility, has vending machine locations, and has private-label products. The growth in their herb and hemp-based alternatives to nicotine cigarettes by manufacturing and marketing herb, spice, and cannabinoid smokables and rolling papers continues. It took the Company two years to create its unique smokable hemp product line. Now, with patents and proprietary intellectual property (IP), the Company is positioned to gain more market share out of the $1T tobacco marketplace. The 2018 US Farm Bill allows hemp products to be sold legally in all 50 states and without special taxes. Displayed on countertops, merchants sell CBD-infused cigarettes. The on-screen QR code is available during the show; download or visit Hempacco Co., Inc. – https://hempaccoinc.com/ & https://realstuffsmokables.com/. The segment is an updated version that originally aired on November 6, 2022.
New to The Street airs from the Nasdaq MarketSite studio TV Host Jane King’s interview with Chris Tabaro, President / Co-Founder, and Jalal Ibrahimi, Vice-President/ Co-Founder of Apotheosis Investments Global, Inc. ($OSIS) (“OSIS”). OSIS offers an ecosystem for end-users who like to tokenize their assets, goods, and services. The Company focuses on getting everyday people involved with Web 3.0, using simple applications to create NFTs, tokens, and “Smart Contracts.” Jalal has a finance and accounting background and talks to viewers about his responsibilities to the Company’s business operations. Chris talks about his vision; seeing a world that lacks trust in financial transactions, he saw an opportunity with blockchain technology to secure and verify assets and transactions. Chris shows viewers his 1,500-page, 50-month road map for the Company’s future. Together Chris and Jalal started the OSIS platform with a 5-year plan to be one of the largest tokenized ecosystems where industries, governments, businesses, and individuals can utilize “Smart Contracts” for all transactions. The on-screen QR code is available during the show; download or visit Apotheosis Investments Global, Inc. ($OSIS) (“OSIS”) – https://osisplatform.com/.
Mr. Alain Ghiai, CEO of Sekur Private Data, Ltd. (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0), joins New to The Street’s TV Host Jane King from the Nasdaq MarketSite studio. Sekur Private Data, Ltd. offers Sekur, a Swiss secure email and messenger communication application available on any mobile device, tablet, and desktop. Subscribers get cybersecurity protections not available with open-source programs for reasonable pricing, a complete and affordable cybersecurity solution for individuals and businesses. Many banks in the US violated banking privacy laws while using Big Tech open platforms to communicate banking information. Some banks used WhatsApp to message clients and for internal uses, which is a privacy violation, resulting in over $2B in fines. The solution is Sekur Private Data’s Sekur products which offer encrypted secure communications and data management. SekurMessenger allows for private and secure texting and provides the receiver of text messages from the subscriber with the same encrypted features. Sekur’s “Chat-by-Invite” app, available in 61 countries, allows texting to occur in a closed-loop system hosted and owned by Sekur in Switzerland. The platform offers archiving, a requirement for many regulated industries, including banks and other financial institutions. Alain told viewers that growth continues in Central America and other South American countries and expects more small-medium business (SMB) enterprises and governments to sign up for Sekur. In the US market, B2B partnerships are growing, too. Sekur’s “Chat-by-Invite” app is available on iOS and Android; go to Sekur.com to download it. Sekur Private Data, Ltd. operates its internet platforms and security businesses under the country of Switzerland’s very tough privacy laws. The Company never asks for a phone number to subscribe. Sekur is on track for an exciting 2023. The on-screen QR code is available during the show to download more info or visit Sekur Private Data, Ltd. – https://www.sekurprivatedata.com/ and http://www.Sekur.com. The segment is an updated version that originally aired on November 6, 2022.
From the New to The Street’s Nasdaq Marketsite studio, Kate Bahnsen, Chief Executive Officer of GMSacha Inchi (OTC: QEDN) ($QEDN), joins TV Host Jane King to talk about the Company. Established in 2013 in Columbia, the Company creates nutritional products. It looks for sustainable farming initiatives which could help farmers make a better wage and plant crops that are not considered illegal. Known as a super food, the Sacha Inchi plant is grown for its seeds. The plant is high in nine essential amino acids, proteins, and Omega 3,6 and 9. The harvesting is about every 15 days giving farmers a sustainable crop with profits and growing consumer markets. The Company is working on a beverage with only 30 grams of calories and full of nutritional benefits, the only Sacha Inchi seed beverage worldwide. Because it is a seed and not a nut, there are no known allergies from consumption. The Company makes flour out of the seed, which adds nutrition to other food preparations. Also, the Company has products for athletes, pets, and snack food industries. Kate talks about a pending US SEC Reg A offering as either a Tier 1 or Tier 2; upon effectiveness, this will allow the Company to obtain investment funding. Kate believes 2023 will be an excellent year for the Company as it rolls out its beverage and other products into the marketplace. The on-screen QR code is available during the show to download more info or visit GMSacha Inchi – https://gmsacha.com/.
On New to The Street’s “Sekur Privacy & Sekur Security Segment,” Alain Ghiai, internationally acclaimed internet privacy expert and CEO of Sekur Private Data, Ltd. (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0) talks about online shopping with TV Host and Multi-media Journalist Ana Berry. Ana says it is easy to store credit card information online on sites frequently used to shop. With the holiday season, online consumer sites are targets for hackers. Alain gives an analogy: would you leave your credit card at a retail location, informing the cashier you will come back tomorrow? So, leaving your credit card information stored on the web is the same premise. The answer is NO, so don’t keep your credit card or other private data on the web. Most online retail sites use a Big Tech platform for their transactions, with credit cards held in a database. Consumers often hear about database hacks where stolen credit card information and other sensitive data occurs. The SekurMail/SekurMessenger products can ensure a private communication platform for emails and texts. SekurMail sends a link to a recipient, which opens an email link for secure communication. Similarly, the SekurMessenger, with its “Chat-by-Invite” app, available in 61 countries, allows text messaging on a close-loop encrypted platform. When a non-Sekur subscriber agrees to link with a Sekur account holder, they, too, are part of the close-loop encryption available through Sekur Private Data’s fully-owned and controlled servers based in Switzerland. The Company never asks for cell phone numbers for any of its services and prides itself as an encrypted end-to-end privacy and data security company. Its Sekur products are available to businesses and consumers for reasonable monthly rates. The Company never shares data, never data mines and has no third-party programs. The on-screen QR code is available during the show; download or visit Sekur Private Data, Ltd. – https://www.sekurprivatedata.com/ & http://www.Sekur.com. “What is your privacy worth during the holidays”?
About Quantum Computing, Inc. (NASDAQ: QUBT) ($QUBT)
Quantum Computing ,Inc. (QCI) (NASDAQ: QUBT) is a full-stack quantum software and hardware company on a mission to accelerate the value of quantum computing for real-world industry applications, delivering the future of quantum computing today. The combination of QCI’s flagship ready-to-run software product, Qatalyst, with its industry-leading Entropy Quantum Computing (EQC) system, Dirac 1, provides a broadly accessible and affordable enterprise quantum solution capable of solving real business problems now. QCI’s expert team in finance, computing, security, mathematics, and physics has over a century of combined experience with complex technologies, from leading-edge supercomputing to precision sensors and imaging technology, to the security that protects nations – https://www.quantumcomputinginc.com/.
About American Rebel Holdings, Inc. (NASDAQ: AREB) ($AREB):
American Rebel, Inc. (NASDAQ: AREB), through its wholly-owned operating subsidiaries, operates primarily as a designer, manufacturer, and marketer of branded safes and personal security and self-defense products. The Company also designs and produces branded apparel and accessories and now intends to enter the E-Bike market – www.americanrebel.com.
About The Sustainable Green Team, Ltd. (OTC: SGTM) ($SGTM)
The Sustainable Green Team, Ltd. (OTC: SGTM) ($SGTM) is an emerging provider of environmentally beneficial solutions for preserving natural resources and the municipal waste and recycling industries. The Company is a wholesale manufacturer and supplier of wood-based mulch and lumber products, primarily in the Midwest, Southeast, and Ohio Valley regions. The Company also provides arbor care and storm recovery services to municipalities, corporations, and consumers, primarily in the southeastern United States. The Company plans to expand its operations through organic growth and strategic acquisitions that are both accretive to earnings and positioned for rapid growth from the resulting synergistic opportunities identified. The Company’s customers include governmental, residential, and commercial clients – https://www.thesustainablegreenteam.com/.
About VRM BioLogik Group:
Since 1987, VRM BioLogik has developed and implemented technological advances globally that catalyze natural reactions, aiding in soil restoration, resolving environmental emergencies, and cleaning through attaining and sustaining ecosystem balance. VRM’s agricultural product range works to enhance crop yield while restoring the nutrients in soils naturally. Its cleaner product range naturally removes residues from surfaces that harbor viruses and pathogens. The environmental management product range works to address and amend difficult environmental circumstances, including balancing wastewater, control of odor and organics digestion during emergency spills, and eliminating odors. VRM’s livestock product range is a probiotic approach to environmental management in intensive growing situations – https://www.vrm.science/.
About Volt Inu (CRYPTO: VOLT) ($VOLT):
Volt Inu (CRYPTO: VOLT) ($VOLT) is a hyper-deflationary token aiming to invest in multiple asset classes such as NFTs, nodes, altcoins, staking & farming of stablecoins. This investment diversity allows for mitigating the risk while taking advantage of the possible non-correlated growth of the trending assets. Since $VOLT is intended to be a hyper-deflationary token, profits made on treasury investments are then used to buyback & burn $VOLT tokens – https://voltinu.in/.
About Hempacco Co., Inc. (NASDAQ: HPCO) ($HPCO):
Hempacco Co., Inc.’s (NASDAQ: HPCO) ($HPCO) goal is Disrupting Tobacco’s™ nearly $1 trillion industry with herb and hemp-based alternatives to nicotine cigarettes by manufacturing and marketing herb, spice, and cannabinoid smokables and rolling paper. Hempacco owns The Real Stuff™ functional hemp cigarette and rolling paper brands. Hempacco’s operational segments include manufacturing of smokables and hemp rolling paper, smokable technology development, The Real Stuff™ brand of functional smokables and rolling paper, and Cheech & Chong Hemp Cigarettes and Hemp Hop Smokables with Rick Ross. Learn more at www.hempaccoinc.com and order products at www.realstuffsmokables.com.
About Apotheosis Investments Global, Inc. ($OSIS) (“OSIS”):
Apotheosis Investments Global, Inc. ($OSIS) (“OSIS”) created the OSIS utility token. The OSIS token is behind the education, tokenization, and exchange ecosystem that offers users the ability to launch their own NFTs & tokens. OSIS’ mission is to help all transition from Web2 to Web3 by simplifying access to the blockchain & ushering in a tokenized economy. The OSIS ecosystem includes everything you need to start your Web3 journey and take advantage of the tokenization revolution – https://osisplatform.com/.
About Sekur Private Data Ltd. (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0):
Sekur Private Data, Ltd. (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0) is a cybersecurity and internet privacy provider of Swiss-hosted solutions for secure communications and secure data management. The Company distributes encrypted emails, secure messengers, secure communication tools, secure cloud-based storage, disaster recovery, and document management products. The Company sells and serves consumers, businesses, and governments worldwide through approved wholesalers, distributors, and telecommunications companies. Contact Sekur Private Data, Ltd. at corporate@globexdatagroup.com or visit https://www.sekurprivatedata.com and https://www.sekur.com.
About GMSacha Inchi (OTCMKTS: QEDN) ($QEDN):
GMSacha Inchi (OTC: QEDN) ($QEDN) is a Company dedicated to the transformation and commercialization of the Sacha Inchi seed which is rich in omegas 3, 6 and 9, contains 100% vegan protein with the 9 essential amino acids. The Company is working to expand at a national and international level, achieving high-quality standards and competitive prices that will allow them to export their nutritional products. Since 2013 management works to help many communities in Colombia to change crops, many of farmers are illegal farmers, heads of families or victims of the conflict who are looking for short-term crops that have good profitability – https://gmsacha.com/.
About New to The Street:
New to the Street is an FMW Media production that operates one of the longest-running US and International sponsored and syndicated Nielsen Rated programming television brands, “New to The Street,” and its blockchain show, “Exploring The Block.” Since 2009, these brands have run biographical interview segment shows across major U.S. television networks. The paid-for-television programming platforms can potentially reach over 540 million homes in the US and international markets. FMW’s New to The Street / Newsmax televised broadcasting platform airs its syndication on Sundays at 10 -11 AM ET. FMW is also one of the nation’s largest buyers of linear television, long and short-form paid programming – https://www.newsmaxtv.com/Shows/New-to-the-Street & https://www.newtothestreet.com/.
Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. In some cases, you can identify forward-looking statements by the following words: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” or the negative of these terms or other comparable terminology. However, not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at which such performance or results are achieved. This press release should be considered in all filings of the Companies contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.
CONTACT:
FMW Media Contacts:
Bryan Johnson
+1 (631) 766-7462
Bryan@NewToTheStreet.com
“New to The Street” Business Development Office.
1-516-696-5900
Support@NewToTheStreet.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f7b158cb-487e-4693-ae71-e3de1f4f8f12
- Published in Uncategorized
File Sharing and Document Management Software Market Prime Factors, Competitive Outlook Analysis and Forecast To 2030 – Taiwan News
密碼設定成功,請使用新密碼登入
Quadintel’s recent global File Sharing and Document Management Software market research report gives detailed facts with consideration to market size, cost revenue, trends, growth, capacity, and forecast till 2030. In addition, it includes an in-depth analysis of This market, including key factors impacting the market growth.
This study offers information for creating plans to increase the market’s growth and effectiveness and is a comprehensive quantitative survey of the market.
Download Free Sample of This Strategic Report :-https://www.quadintel.com/request-sample/global-file-sharing-and-document-management-software-market/QI045
For industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders searching for vital industry data in easily accessible documents with clearly presented tables and graphs, the research contains historical data from 2017 to 2020 and predictions through 2030.
This market report provides accurate market research that can exponentially accelerate the business.
The main location, economic conditions, as well as the item value, benefit, limit, generation, supply, demand, and market growth rate and figure, are provided in the study.
This industry study also includes a new project SWOT analysis, speculation attainability analysis, and venture return analysis.
This market study offers information on segmentation and its subsegments, competitors and their earnings, size, and pricing, among other things.
Request full Report Description, TOC, Table of Figure, Chart, etc :-https://www.quadintel.com/request-sample/global-file-sharing-and-document-management-software-market/QI045
Key Segments and leading prominent companies profiled Included in the Report are
Major Players in File Sharing and Document Management Software market are:
Zoho
Google
PDFelement
BizPortals 365
Dropbox
Citrix Systems
WeTransfer
Microsoft
Wrike
Synology
PandaDoc
EFileCabinet
Hightail
Samepage
Bitrix
FileInvite
Backlog
Templafy
Droplr
Most important types of File Sharing and Document Management Software products covered in this report are:
Cloud Based
On-Premise
Most widely used downstream fields of File Sharing and Document Management Software market covered in this report are:
Large Enterprise
SMEs
Top countries data covered in this report:
United States
Canada
Germany
UK
France
Italy
Spain
Russia
China
Japan
South Korea
Australia
Thailand
Brazil
Argentina
Chile
South Africa
Egypt
UAE
Saudi Arabia
Request full Report :-https://www.quadintel.com/request-sample/global-file-sharing-and-document-management-software-market/QI045
About Quadintel:
We are the best market research reports provider in the industry. Quadintel believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Quadintel is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
We will help you in finding the upcoming trends that will entitle you as a leader in the industry. We are here to work with you on your objective which will create an immense opportunity for your organization. Our priority is to provide high-level customer satisfaction by providing innovative reports that enable them to take a strategic decision and generate revenue. We update our database on a day-to-day basis to provide the latest reports. We assist our clients in understanding the emerging trends so that they can invest smartly and can make optimum utilization of resources available.
Get in Touch with Us:
Quadintel:
Email:sales@quadintel.com
Address: Office – 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, UNITED STATES
Tel: +1 888 212 3539 (US – TOLL FREE)
Website : https://www.quadintel.com/
Updated : 2022-12-10 09:02 GMT+08:00
Taiwan News © 2022 All Rights Reserved.
- Published in Uncategorized
DocuSign Announces Third Quarter Fiscal 2023 Financial Results – PR Newswire
Searching for your content…
In-Language News
Contact Us
888-776-0942
from 8 AM – 10 PM ET
News provided by
Dec 08, 2022, 16:05 ET
Share this article
SAN FRANCISCO, Dec. 8, 2022 /PRNewswire/ — DocuSign, Inc. (NASDAQ: DOCU), which offers the world’s #1 e-signature product as part of its industry leading lineup, today announced results for its fiscal quarter ended October 31, 2022.
“We delivered solid third quarter results, and are pleased with the continued progress against our critical priorities,” said Allan Thygesen, CEO of DocuSign. “DocuSign is the pioneer and leader in eSignature. This gives us a strong foundation to create and deliver a delightful and differentiated workflow experience, making agreements smarter and easier for companies of all sizes. I look forward to continuing to advance our business, as we both innovate and operate at scale to deliver value for all of our stakeholders.”
Third Quarter Financial Highlights
A reconciliation of GAAP to non-GAAP financial measures has been provided in the tables included in this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures and Other Key Metrics.”
Operational and Other Financial Highlights:
Outlook
The company currently expects the following guidance:
▪ Quarter ending January 31, 2023 (in millions, except percentages):
Total revenue
$637
to
$641
Subscription revenue
$624
to
$628
Billings
$705
to
$715
Non-GAAP gross margin
82 %
to
83 %
Non-GAAP operating margin
20 %
to
22 %
Non-GAAP diluted weighted-average shares outstanding
205
to
210
▪ Year ending January 31, 2023 (in millions, except percentages):
Total revenue
$2,493
to
$2,497
Subscription revenue
$2,423
to
$2,427
Billings
$2,626
to
$2,636
Non-GAAP gross margin
81 %
to
82 %
Non-GAAP operating margin
18 %
to
20 %
Non-GAAP diluted weighted-average shares outstanding
205
to
210
The company has not reconciled its guidance of non-GAAP financial measures to the corresponding GAAP measures because stock-based compensation expense cannot be reasonably calculated or predicted at this time. Accordingly, a reconciliation has not been provided.
Webcast Conference Call Information
The company will host a conference call on December 8, 2022 at 1:30 p.m. PT (4:30 p.m. ET) to discuss its financial results. A live webcast of the event will be available on the DocuSign Investor Relations website at investor.docusign.com. A live dial-in will be available domestically at 877-407-0784 or internationally at 201-689-8560. A replay will be available domestically at 844-512-2921 or internationally at 412-317-6671 until midnight (ET) December 22, 2022 using the passcode 13734316.
About DocuSign
DocuSign helps organizations connect and automate how they navigate their systems of agreement. As part of its industry leading product lineup, DocuSign offers eSignature, the world’s #1 way to sign electronically on practically any device, from almost anywhere, at any time. Today, over 1.3 million customers and more than a billion users in over 180 countries use the DocuSign platform to accelerate the process of doing business and simplify people’s lives. For more information visit http://www.docusign.com
Copyright 2022. DocuSign, Inc. is the owner of DOCUSIGN® and all its other marks (www.docusign.com/IP).
Investor Relations:
DocuSign Investor Relations
[email protected]
Media Relations:
DocuSign Corporate Communications
[email protected]
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on our management’s beliefs and assumptions and on information currently available to management, and which statements involve substantial risk and uncertainties. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements in this press release include, among other things, statements under “Outlook” above and any other statements about expected financial metrics, such as revenue, billings, non-GAAP gross margin, non-GAAP diluted weighted-average shares outstanding, and non-financial metrics, such as customer growth, as well as statements related to our expectations regarding our growth. They also include statements about our future operating results and financial position, our business strategy and plans, market growth and trends, and our objectives for future operations. These statements are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.
These risks and uncertainties include, among other things, risks related to our expectations regarding global macro-economic conditions, including the effects of inflation, rising and fluctuating interest rates and market volatility on the global economy; our ability to estimate the size and growth of our total addressable market, and the development of the market for our products, which is new and evolving; our ability to effectively sustain and manage our growth and future expenses, achieve and maintain future profitability, attract new customers and maintain and expand our existing customer base; our ability to effectively implement and execute our restructuring plan; the impact of the coronavirus pandemic (the “COVID-19 pandemic”) or its abatement, on our business, results of operations, financial condition, and future profitability and growth; the impact of the evolving COVID-19 pandemic on the businesses of our customers, partners and suppliers, and the economy; our ability to scale and update our platform to respond to customers’ needs and rapid technological change; the effects of increased competition in our market and our ability to compete effectively; our ability to expand use cases within existing customers and vertical solutions; our ability to expand our operations and increase adoption of our platform internationally; our ability to strengthen and foster our relationships with developers; our ability to expand our direct sales force, customer success team and strategic partnerships around the world; the impact of any data breaches, cyberattacks or other malicious activity on our technology systems; our ability to identify targets for and execute potential acquisitions; our ability to successfully integrate the operations of businesses we may acquire, and to realize the anticipated benefits of such acquisitions; our ability to maintain, protect and enhance our brand; the sufficiency of our cash, cash equivalents and capital resources to satisfy our liquidity needs; limitations on us due to obligations we have under our credit facility or other indebtedness; our failure or the failure of our software to comply with applicable industry standards, laws and regulations; our ability to maintain, protect and enhance our intellectual property; our ability to successfully defend litigation against us; our ability to attract large organizations as users; our ability to maintain our corporate culture; our ability to offer high-quality customer support; our ability to hire, retain and motivate qualified personnel, including executive level management; our ability to successfully manage and integrate executive management transitions; uncertainties regarding the impact of general economic and market conditions, including as a result of regional and global conflicts or related government sanctions; our ability to successfully implement and maintain new and existing information technology systems, including our ERP system; and our ability to maintain proper and effective internal controls. Additional risks and uncertainties that could affect our financial results are included in the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our annual report on Form 10-K for the fiscal year ended January 31, 2022 filed on March 25, 2022, our quarterly report on Form 10-Q for the quarter ended October 31, 2022, which we expect to file on December 8, 2022 with the Securities and Exchange Commission (the “SEC”), and other filings that we make from time to time with the SEC. In addition, any forward-looking statements contained in this press release are based on assumptions that we believe to be reasonable as of this date. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.
Non-GAAP Financial Measures and Other Key Metrics
To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, we use certain non-GAAP financial measures, as described below, to understand and evaluate our core operating performance. These non-GAAP financial measures, which may be different than similarly-titled measures used by other companies, are presented to enhance investors’ overall understanding of our financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.
We believe that these non-GAAP financial measures provide useful information about our financial performance, enhance the overall understanding of our past performance and future prospects, and allow for greater transparency with respect to important metrics used by our management for financial and operational decision-making. We present these non-GAAP measures to assist investors in seeing our financial performance using a management view, and because we believe that these measures provide an additional tool for investors to use in comparing our core financial performance over multiple periods with other companies in our industry. However, these non-GAAP measures are not intended to be considered in isolation from, a substitute for, or superior to our GAAP results.
Non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income from operations, non-GAAP operating margin, non-GAAP net income and non-GAAP net income per share: We define these non-GAAP financial measures as the respective GAAP measures, excluding expenses related to stock-based compensation, employer payroll tax on employee stock transactions, amortization of acquisition-related intangibles, amortization of debt discount and issuance costs, acquisition-related expenses, fair value adjustments to strategic investments, executive transition costs, lease-related impairment and lease-related charges, restructuring and other related charges, as these costs are not reflective of ongoing operations and, as applicable, other special items. The amount of employer payroll tax-related items on employee stock transactions is dependent on our stock price and other factors that are beyond our control and do not correlate to the operation of the business. When evaluating the performance of our business and making operating plans, we do not consider these items (for example, when considering the impact of equity award grants, we place a greater emphasis on overall stockholder dilution rather than the accounting charges associated with such grants). We believe it is useful to exclude these expenses in order to better understand the long-term performance of our core business and to facilitate comparison of our results to those of peer companies and over multiple periods. In addition to these exclusions, we subtract an assumed provision for income taxes to calculate non-GAAP net income. We utilize a fixed long-term projected tax rate in our computation of the non-GAAP income tax provision to provide better consistency across the reporting periods. For fiscal 2023, we determined the projected non-GAAP tax rate to be 20% tax rate.
Free cash flow: We define free cash flow as net cash provided by operating activities less purchases of property and equipment. We believe free cash flow is an important liquidity measure of the cash that is available (if any), after purchases of property and equipment, for operational expenses, investment in our business, and to make acquisitions. Free cash flow is useful to investors as a liquidity measure because it measures our ability to generate or use cash in excess of our capital investments in property and equipment. Once our business needs and obligations are met, cash can be used to maintain a strong balance sheet and invest in future growth.
Billings: We define billings as total revenues plus the change in our contract liabilities and refund liability less contract assets and unbilled accounts receivable in a given period. Billings reflects sales to new customers plus subscription renewals and additional sales to existing customers. Only amounts invoiced to a customer in a given period are included in billings. We believe billings is a key metric to measure our periodic performance. Given that most of our customers pay in annual installments one year in advance, but we typically recognize a majority of the related revenue ratably over time, we use billings to measure and monitor our ability to provide our business with the working capital generated by upfront payments from our customers.
For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measure, please see “Reconciliation of GAAP to Non-GAAP Financial Measures” below. In this press release, we have not reconciled our guidance of non-GAAP financial measures to the corresponding GAAP measures because stock-based compensation expense cannot be reasonably calculated or predicted at this time.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
Three Months Ended
October 31,
Nine Months Ended
October 31,
(in thousands, except per share data)
2022
2021
2022
2021
Revenue:
Subscription
$ 624,055
$ 528,573
$ 1,798,500
$ 1,473,266
Professional services and other
21,408
16,890
57,839
53,119
Total revenue
645,463
545,463
1,856,339
1,526,385
Cost of revenue:
Subscription
102,524
84,579
315,614
247,105
Professional services and other
27,018
31,396
83,048
87,892
Total cost of revenue
129,542
115,975
398,662
334,997
Gross profit
515,921
429,488
1,457,677
1,191,388
Operating expenses:
Sales and marketing
313,783
275,619
938,062
777,110
Research and development
115,934
102,603
354,693
282,670
General and administrative
85,553
54,624
224,587
168,314
Restructuring and other related charges
28,082
—
28,082
—
Total operating expenses
543,352
432,846
1,545,424
1,228,094
Loss from operations
(27,431)
(3,358)
(87,747)
(36,706)
Interest expense
(1,456)
(1,485)
(4,737)
(4,826)
Interest income and other income (expense), net
820
(940)
(2,827)
4,034
Loss before provision for (benefit from) income taxes
(28,067)
(5,783)
(95,311)
(37,498)
Provision for (benefit from) income taxes
1,799
(107)
7,006
2,033
Net loss
$ (29,866)
$ (5,676)
$ (102,317)
$ (39,531)
Net loss per share attributable to common stockholders, basic and diluted
$ (0.15)
$ (0.03)
$ (0.51)
$ (0.20)
Weighted-average number of shares used in computing net loss per share attributable to common stockholders, basic and diluted
201,393
197,597
200,569
195,996
Stock-based compensation expense included in costs and expenses
Cost of revenue—subscription
$ 11,665
$ 8,095
$ 35,272
$ 21,652
Cost of revenue—professional services and other
6,767
7,270
18,327
19,250
Sales and marketing
57,925
49,663
166,574
134,720
Research and development
35,506
30,074
108,689
76,811
General and administrative
23,384
14,338
58,314
38,103
Restructuring and other related charges
5,590
—
5,590
—
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
(in thousands)
October 31, 2022
January 31, 2022
Assets
Current assets
Cash and cash equivalents
$ 632,620
$ 509,059
Investments—current
342,730
293,763
Accounts receivable, net
422,612
440,950
Contract assets—current
13,609
12,588
Prepaid expenses and other current assets
68,814
63,236
Total current assets
1,480,385
1,319,596
Investments—noncurrent
129,783
94,938
Property and equipment, net
196,127
184,664
Operating lease right-of-use assets
92,155
126,021
Goodwill
352,423
355,058
Intangible assets, net
75,232
98,816
Deferred contract acquisition costs—noncurrent
329,958
311,835
Other assets—noncurrent
75,521
50,337
Total assets
$ 2,731,584
$ 2,541,265
Liabilities and stockholders’ equity
Current liabilities
Accounts payable
$ 47,176
$ 52,804
Accrued expenses and other current liabilities
96,227
91,377
Accrued compensation
146,297
160,163
Convertible senior notes—current
36,921
—
Contract liabilities—current
1,088,197
1,029,891
Operating lease liabilities—current
34,713
37,404
Total current liabilities
1,449,531
1,371,639
Convertible senior notes, net—noncurrent
684,861
718,487
Contract liabilities—noncurrent
15,242
16,725
Operating lease liabilities—noncurrent
81,237
126,340
Deferred tax liability—noncurrent
10,400
9,316
Other liabilities—noncurrent
21,807
23,255
Total liabilities
2,263,078
2,265,762
Stockholders’ equity
Common stock
20
20
Treasury stock
(1,785)
(1,532)
Additional paid-in capital
2,108,062
1,720,013
Accumulated other comprehensive loss
(34,244)
(4,809)
Accumulated deficit
(1,603,547)
(1,438,189)
Total stockholders’ equity
468,506
275,503
Total liabilities and stockholders’ equity
$ 2,731,584
$ 2,541,265
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
Three Months Ended
October 31,
Nine Months Ended
October 31,
(in thousands)
2022
2021
2022
2021
Cash flows from operating activities:
Net loss
$ (29,866)
$ (5,676)
$ (102,317)
$ (39,531)
Adjustments to reconcile net loss to net cash provided by operating activities
Depreciation and amortization
21,532
20,166
63,976
61,163
Amortization of deferred contract acquisition and fulfillment costs
44,806
37,283
134,381
100,759
Amortization of debt discount and transaction costs
1,243
1,255
3,725
3,848
Non-cash operating lease costs
7,002
6,527
20,468
20,176
Stock-based compensation expense
140,835
109,441
392,765
290,536
Deferred income taxes
(23)
(1,110)
3,045
(2,360)
Other
5,441
3,159
13,540
5,598
Changes in operating assets and liabilities:
Accounts receivable
(83,084)
(20,869)
18,338
17,969
Prepaid expenses and other current assets
8,435
(2,523)
(7,593)
(12,890)
Deferred contract acquisition and fulfillment costs
(53,305)
(52,528)
(161,620)
(147,946)
Other assets
(8,452)
(7,434)
(15,707)
(11,290)
Accounts payable
2,948
16,146
(1,739)
6,703
Accrued expenses and other liabilities
(2,094)
(5,136)
873
11,886
Accrued compensation
(1,808)
(9,734)
(15,827)
(22,781)
Contract liabilities
15,010
24,423
56,824
161,047
Operating lease liabilities
(16,083)
(7,979)
(33,430)
(24,212)
Net cash provided by operating activities
52,537
105,411
369,702
418,675
Cash flows from investing activities:
Cash paid for acquisition, net of acquired cash
—
—
—
(6,388)
Purchases of marketable securities
(105,956)
(117,134)
(402,249)
(302,762)
Sales of marketable securities
—
68
—
3,070
Maturities of marketable securities
121,590
79,900
311,769
193,071
Purchases of strategic and other investments
(1,000)
(250)
(3,625)
(750)
Purchases of property and equipment
(16,477)
(15,392)
(53,590)
(43,926)
Net cash used in investing activities
(1,843)
(52,808)
(147,695)
(157,685)
Cash flows from financing activities:
Repayments of convertible senior notes
—
(3,121)
(16)
(64,835)
Repurchases of common stock
(38,034)
—
(63,041)
—
Payment of tax withholding obligation on net RSU settlement and ESPP purchase
(23,263)
(94,534)
(67,120)
(323,109)
Proceeds from exercise of stock options
383
9,358
11,009
21,176
Proceeds from employee stock purchase plan
12,375
22,910
36,526
46,077
Net cash used in financing activities
(48,539)
(65,387)
(82,642)
(320,691)
Effect of foreign exchange on cash, cash equivalents and restricted cash
(6,612)
(1,909)
(14,652)
(2,472)
Net increase (decrease) in cash, cash equivalents and restricted cash
(4,457)
(14,693)
124,713
(62,173)
Cash, cash equivalents and restricted cash at beginning of period (1)
638,849
518,857
509,679
566,336
Cash, cash equivalents and restricted cash at end of period (1)
$ 634,392
$ 504,164
$ 634,392
$ 504,163
(1) Cash, cash equivalents and restricted cash included restricted cash of $1.8 million and $0.6 million at October 31, 2022 and January 31, 2022.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(Unaudited)
Reconciliation of gross profit and gross margin:
Three Months Ended
October 31,
Nine Months Ended
October 31,
(in thousands)
2022
2021
2022
2021
GAAP gross profit
$ 515,921
$ 429,488
$ 1,457,677
$ 1,191,388
Add: Stock-based compensation
18,432
15,365
53,599
40,902
Add: Amortization of acquisition-related intangibles
2,425
2,766
7,232
9,266
Add: Employer payroll tax on employee stock transactions
471
1,800
1,792
6,695
Add: Lease-related impairment and lease-related charges
413
—
678
—
Non-GAAP gross profit
$ 537,662
$ 449,419
$ 1,520,978
$ 1,248,251
GAAP gross margin
80 %
79 %
79 %
78 %
Non-GAAP adjustments
3 %
3 %
3 %
4 %
Non-GAAP gross margin
83 %
82 %
82 %
82 %
GAAP subscription gross profit
$ 521,531
$ 443,994
$ 1,482,886
$ 1,226,161
Add: Stock-based compensation
11,665
8,095
35,272
21,652
Add: Amortization of acquisition-related intangibles
2,425
2,766
7,232
9,266
Add: Employer payroll tax on employee stock transactions
310
873
1,150
3,286
Add: Lease-related impairment and lease-related charges
127
—
321
—
Non-GAAP subscription gross profit
$ 536,058
$ 455,728
$ 1,526,861
$ 1,260,365
GAAP subscription gross margin
84 %
84 %
82 %
83 %
Non-GAAP adjustments
2 %
2 %
3 %
3 %
Non-GAAP subscription gross margin
86 %
86 %
85 %
86 %
GAAP professional services and other gross loss
$ (5,610)
$ (14,506)
$ (25,209)
$ (34,773)
Add: Stock-based compensation
6,767
7,270
18,327
19,250
Add: Employer payroll tax on employee stock transactions
161
927
642
3,409
Add: Lease-related impairment and lease-related charges
286
—
357
—
Non-GAAP professional services and other gross profit (loss)
$ 1,604
$ (6,309)
$ (5,883)
$ (12,114)
GAAP professional services and other gross margin
(26) %
(86) %
(44) %
(65) %
Non-GAAP adjustments
33 %
49 %
34 %
42 %
Non-GAAP professional services and other gross margin
7 %
(37) %
(10) %
(23) %
Reconciliation of operating expenses:
Three Months Ended
October 31,
Nine Months Ended
October 31,
(in thousands)
2022
2021
2022
2021
GAAP sales and marketing
$ 313,783
$ 275,619
$ 938,062
$ 777,110
Less: Stock-based compensation
(57,925)
(49,663)
(166,574)
(134,720)
Less: Amortization of acquisition-related intangibles
(2,688)
(3,205)
(8,522)
(9,896)
Less: Employer payroll tax on employee stock transactions
(1,277)
(5,184)
(5,250)
(17,668)
Less: Lease-related impairment and lease-related charges
(1,467)
—
(2,353)
—
Non-GAAP sales and marketing
$ 250,426
$ 217,567
$ 755,363
$ 614,826
GAAP sales and marketing as a percentage of revenue
49 %
51 %
51 %
51 %
Non-GAAP sales and marketing as a percentage of revenue
39 %
40 %
41 %
40 %
GAAP research and development
$ 115,934
$ 102,603
$ 354,693
$ 282,670
Less: Stock-based compensation
(35,506)
(30,074)
(108,689)
(76,811)
Less: Employer payroll tax on employee stock transactions
(608)
(2,316)
(3,009)
(9,244)
Less: Lease-related impairment and lease-related charges
(434)
—
(819)
—
Non-GAAP research and development
$ 79,386
$ 70,213
$ 242,176
$ 196,615
GAAP research and development as a percentage of revenue
18 %
19 %
19 %
19 %
Non-GAAP research and development as a percentage of revenue
12 %
13 %
13 %
13 %
GAAP general and administrative
$ 85,553
$ 54,624
$ 224,587
$ 168,314
Less: Stock-based compensation
(23,384)
(14,338)
(58,314)
(38,103)
Less: Acquisition-related expenses
—
—
—
(387)
Less: Employer payroll tax on employee stock transactions
(180)
(804)
(926)
(4,365)
Less: Executive transition costs
(830)
—
(2,634)
—
Less: Lease-related impairment and lease-related charges
(363)
—
(655)
(3,892)
Non-GAAP general and administrative
$ 60,796
$ 39,482
$ 162,058
$ 121,567
GAAP general and administrative as a percentage of revenue
13 %
9 %
12 %
10 %
Non-GAAP general and administrative as a percentage of revenue
9 %
7 %
9 %
8 %
Reconciliation of income (loss) from operations and operating margin:
Three Months Ended
October 31,
Nine Months Ended
October 31,
(in thousands)
2022
2021
2022
2021
GAAP loss from operations
$ (27,431)
$ (3,358)
$ (87,747)
$ (36,706)
Add: Stock-based compensation
135,247
109,440
387,176
290,536
Add: Amortization of acquisition-related intangibles
5,113
5,971
15,754
19,162
Add: Employer payroll tax on employee stock transactions
2,536
10,104
10,977
37,972
Add: Acquisition-related expenses
—
—
—
387
Add: Restructuring and other related charges
28,082
—
28,082
—
Add: Executive transition costs
830
—
2,634
—
Add: Lease-related impairment and lease-related charges
2,677
—
4,505
3,892
Non-GAAP income from operations
$ 147,054
$ 122,157
$ 361,381
$ 315,243
GAAP operating margin
(4) %
(1) %
(5) %
(2) %
Non-GAAP adjustments
27 %
23 %
24 %
23 %
Non-GAAP operating margin
23 %
22 %
19 %
21 %
Reconciliation of net income (loss) and net income (loss) per share, basic and diluted:
Three Months Ended
October 31,
Nine Months Ended
October 31,
(in thousands, except per share data)
2022
2021
2022
2021
GAAP net loss
$ (29,866)
$ (5,676)
$ (102,317)
$ (39,531)
Add: Stock-based compensation
135,247
109,440
387,176
290,536
Add: Amortization of acquisition-related intangibles
5,113
5,971
15,754
19,162
Add: Employer payroll tax on employee stock transactions
2,536
10,104
10,977
37,972
Add: Amortization of debt discount and issuance costs
1,197
1,255
3,679
3,848
Less: Fair value adjustments to strategic investments
45
—
(384)
(5,270)
Add: Acquisition-related expenses
—
—
—
387
Add: Restructuring and other related charges
28,082
—
28,082
—
Add: Executive transition costs
830
—
2,634
—
Add: Lease-related impairment and lease-related charges
2,677
—
4,505
3,892
Add: Income tax effect of non-GAAP adjustments (1)
(27,733)
—
(64,416)
—
Non-GAAP net income
$ 118,128
$ 121,094
$ 285,690
$ 310,996
Numerator:
Non-GAAP net income
$ 118,128
$ 121,094
$ 285,690
$ 310,996
Add: Interest expense on convertible senior notes
46
(84)
75
12
Non-GAAP net income attributable to common stockholders, diluted
$ 118,174
$ 121,010
$ 285,765
$ 311,008
Denominator:
Weighted-average common shares outstanding, basic
201,393
197,597
200,569
195,996
Effect of dilutive securities
4,255
10,508
5,721
12,221
Non-GAAP weighted-average common shares outstanding, diluted
205,648
208,105
206,290
208,217
GAAP net loss per share, basic and diluted
$ (0.15)
$ (0.03)
$ (0.51)
$ (0.20)
Non-GAAP net income per share, basic
0.59
0.61
1.42
1.59
Non-GAAP net income per share, diluted
0.57
0.58
1.39
1.49
(1) Represents the income tax adjustment using our estimated non-GAAP tax rate of 20%. Estimating a non-GAAP tax rate of 20%, the income tax effect of non-GAAP adjustments was $24.3 million for the three months ended October 31, 2021, and $60.6 million for the nine months ended October 31, 2021.
Computation of free cash flow:
Three Months Ended
October 31,
Nine Months Ended
October 31,
(in thousands)
2022
2021
2022
2021
Net cash provided by operating activities
$ 52,537
$ 105,411
$ 369,702
$ 418,675
Less: Purchases of property and equipment
(16,477)
(15,392)
(53,590)
(43,926)
Non-GAAP free cash flow
$ 36,060
$ 90,019
$ 316,112
$ 374,749
Net cash used in investing activities
$ (1,843)
$ (52,808)
$ (147,695)
$ (157,685)
Net cash used in financing activities
$ (48,539)
$ (65,387)
$ (82,642)
$ (320,691)
Computation of billings:
Three Months Ended
October 31,
Nine Months Ended
October 31,
(in thousands)
2022
2021
2022
2021
Revenue
$ 645,463
$ 545,463
$ 1,856,339
$ 1,526,385
Add: Contract liabilities and refund liability, end of period
1,113,131
961,243
1,113,131
961,243
Less: Contract liabilities and refund liability, beginning of period
(1,094,939)
(939,826)
(1,049,106)
(800,940)
Add: Contract assets and unbilled accounts receivable, beginning of period
13,695
18,067
18,273
21,020
Less: Contract assets and unbilled accounts receivable, end of period
(17,945)
(19,708)
(17,945)
(19,708)
Non-GAAP billings
$ 659,405
$ 565,239
$ 1,920,692
$ 1,688,000
SOURCE DocuSign, Inc.
More news releases in similar topics
Cision Distribution 888-776-0942
from 8 AM – 9 PM ET
- Published in Uncategorized
Medical Document Management Systems Market Size to Grow by USD 412.45 million From 2022 to 2027, Assessment on Parent Market, Five Forces Analysis, Market Dynamics & Segmentation – Technavio – Yahoo Finance
NEW YORK, Nov. 15, 2022 /PRNewswire/ — The Global Medical Document Management Systems Market share is set to increase by USD 412.45 million from 2022 to 2027. Moreover, the market’s growth momentum will accelerate at a CAGR of 12.13% as per the latest market forecast report by Technavio. The market will also record a 12.05% Y-O-Y growth rate during the forecast period.
To know more about the historic market size– Request a Free Sample Report!
Global Medical Document Management Systems Market – Parent Market Analysis
Technavio categorizes the global medical document management systems (MDMS) market as a part of the global systems software market within the global IT software market. The super parent global systems software market covers companies engaged in developing and producing applications and systems software. It also includes companies offering database management software. The global systems software market covers organizations that are engaged in developing application development and management software, cloud computing software, data center and hosting software, IT management software, mobility software, networking software, security software, and storage software. It excludes companies classified in the development and production of home entertainment software.
For more information parent market along with value chain analysis – Grab an Exclusive sample!
Global Medical Document Management Systems Market Characteristics with Five Forces–
The Global Medical Document Management Systems Market is fragmented and the five forces analysis by Technavio gives the accurate vision –
Bargaining Power of Buyers
The threat of New Entrants
Threat of Rivalry
Bargaining Power of Suppliers
For information on the impact of the five forces analysis– Click Now!
Global Medical Document Management Systems Market– Customer Landscape
The disruption threats are strategic in nature, and operational risks for suppliers have been mapped based on their negative business impact and probability of occurrence.
The potential for the customer landscape will be available with Technavio Reports – Buy Now!
Global Medical Document Management Systems Market– Segmentation Assessment
Geography Segment Overview
Technavio’s market research report entails detailed information on regional opportunities in store for vendors, which will assist in generating sales revenues. The Global Medical Document Management Systems Market as per geography is categorized into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides an accurate prediction of the contribution of all regions to the growth of the Global Medical Document Management Systems Market Size and actionable market understandings.
Regional Highlights:
North America is the fastest-growing region in the global Medical Document Management Systems Market compared to other regions. 39% growth will originate from North America. The US, Canada, and Mexico are the three countries that provide the most income for the MDMS market in North America. In North America, there is a growing need for accessible, individualized healthcare systems, which has prompted more doctors and hospitals to employ MDMS products. The US and Canada are leading North American nations when it comes to the adoption of MDMS and other cutting-edge healthcare information systems.
Type Segment Overview
The Global Medical Document Management Systems Market as per Deployment segmentation is categorized into On-premise and Cloud.
Revenue Generating Segment – The market share growth by the on-premise segment will be significant during the forecast period. This is because more small and medium-sized businesses (SMEs), including hospitals and clinics, around the world are implementing on-premise MDMS. In the global medical document management systems (MDMS) market, these factors are anticipated to fuel the on-premise segment’s expansion during the course of the forecast period.
Download a FREE Sample Report that can help you to strategize your sales revenue – Get it now!
Global Medical Document Management Systems Market– Market Dynamics
Major Driver Boosting the Market
Key elements fueling the expansion of the global market for medical document management systems include MDMS’s greater efficiency and productivity. Medical document management systems (MDMS) assist in the management of patient demographic data, spend analysis, overheads, inventory management, insurance claims, patient analysis, regulatory and compliance data, license information, and emergency management.
Additionally, the program creates clinical and administrative performance data that can be used in plans for improving medical documents. It assists medical professionals with every part of company optimization, such as setting up fee schedules, managing accounts receivables, providing support, covering overhead, doing marketing analyses, and calculating returns on investment (ROI).
The program keeps track of corporate operations and finds financial abnormalities that can be reported to management for remedial action. As a result, healthcare organizations are looking for MDMS that can boost productivity and efficiency while also lowering expenses and accelerating the organization’s growth.
Major trends influencing the growth of glamping
The demand for detailed and customized reporting will drive the expansion of the global market for medical document management systems. Physicians rely on the reporting features of their software systems to give them access to accurate data and statistics that may help them gauge the effectiveness of their practices.
Daily reports from MDMS give information about unassigned credits, completed appointments, and post-op calls. To learn more about administrative activities such as prescriptions, deleted transactions, past-due accounts, unpaid claims, and credit distribution audit trails of medical records, the reports can be checked daily or weekly. Therefore, the above-mentioned factors are anticipated to propel the growth of the worldwide MDMS market.
Major Challenges interrupting the market growth
A major challenge to the expansion of the global market for medical document management systems is the threat posed by open-source MDMS. A variety of business analytics tools and applications are offered by open-source suppliers in the worldwide MDMS industry.
Many small- and medium-sized organizations (SMEs) and individual users favor open-source technologies, which are freely available on the Internet because the purchasing and licensing expenses of commercial MDMS are exorbitant.
Demand will decline due to the availability of subscription-based MDMS solutions, including cloud-based and on-premises MDMS solutions, as well as open-source MDMS solutions, and these factors may restrain the expansion of the worldwide MDMS market during the course of the projected period.
To know about other factors of market dynamics – Request a Free Sample!
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19-impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio’s SUBSCRIPTION platform
Medical Document Management Systems Market 2023-2027: Key Highlights
CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist the Medical Document Management Systems Market growth during the next five years
Estimation of the cloud data warehouse market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the Medical Document Management Systems Market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of Medical Document Management Systems Market vendors
Related Reports:
The Demand Side Platforms (DSP) for the Programmatic Advertising Market are projected to grow by USD 473.66 million with a CAGR of 9.48% during the forecast period 2021 to 2026. The report extensively covers the demand side platforms (DSP) for programmatic advertising market segmentation by deployment (cloud and on-premise) and geography (North America, Europe, APAC, South America, and the Middle East and Africa).
The Cloud Security Solutions Market is projected to grow by USD 8.63 billion with a CAGR of 15.16% during the forecast period 2021 to 2026. The report extensively covers the cloud security solutions market segmentation by end-user (BFSI, healthcare, retail, government, and others), component (cloud IAM, cloud e-mail security, cloud DLP, cloud IDS/IPS, and cloud SIEM), and geography (North America, Europe, APAC, the Middle East and Africa, and South America).
Medical Document Management Systems Market Scope
Report Coverage
Details
Page number
120
Base year
2022
Historical year
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 12.13%
Market growth 2023-2027
$412.45 million
Market structure
Fragmented
YoY growth (%)
12.05
Regional analysis
North America, Europe, APAC, the Middle East and Africa, and South America
Performing market contribution
North America at 39%
Key consumer countries
US, Japan, China, Germany, and UK
Competitive landscape
Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled
3M Co., Allscripts Healthcare Solutions Inc., Athenahealth Inc., Canon Inc., Compulink Management Center Inc., Epic Systems Corp., Exela Technologies Inc., General Electric Co., Hyland Software Inc., International Business Machines Corp., Konica Minolta Inc., McKesson Corp., Microsoft Corp., Open Text Corp., Oracle Corp., Siemens AG, Thoma Bravo LP, Thomson Reuters Corp., NextGen Healthcare Inc., and Pericent BPM and DMS Software Pvt. Ltd.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents:
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
4 Historic Market Size
4.1 Global medical document management systems market 2017 – 2021
4.2 Deployment Segment Analysis 2017 – 2021
4.3 End-user Segment Analysis 2017 – 2021
4.4 Geography Segment Analysis 2017 – 2021
4.5 Country Segment Analysis 2017 – 2021
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Deployment
6.1 Market segments
6.2 Comparison by Deployment
6.3 On-premise – Market size and forecast 2022-2027
6.4 Cloud – Market size and forecast 2022-2027
6.5 Market opportunity by Deployment
7 Market Segmentation by End-user
7.1 Market segments
7.2 Comparison by End-user
7.3 Hospitals and clinics – Market size and forecast 2022-2027
7.4 Nursing and home healthcare – Market size and forecast 2022-2027
7.5 Others – Market size and forecast 2022-2027
7.6 Market opportunity by End-user
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America – Market size and forecast 2022-2027
9.4 Europe – Market size and forecast 2022-2027
9.5 APAC – Market size and forecast 2022-2027
9.6 Middle East and Africa – Market size and forecast 2022-2027
9.7 South America – Market size and forecast 2022-2027
9.8 US – Market size and forecast 2022-2027
9.9 Germany – Market size and forecast 2022-2027
9.10 Japan – Market size and forecast 2022-2027
9.11 UK – Market size and forecast 2022-2027
9.12 China – Market size and forecast 2022-2027
9.13 Market opportunity by geography
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks
12 Vendor Analysis
12.1 Vendors covered
12.2 Market positioning of vendors
12.3 3M Co.
12.4 Allscripts Healthcare Solutions Inc.
12.5 Athenahealth Inc.
12.6 Canon Inc.
12.7 Compulink Management Center Inc.
12.8 Epic Systems Corp.
12.9 General Electric Co.
12.10 Hyland Software Inc.
12.11 McKesson Corp.
12.12 NextGen Healthcare Inc.
12.13 Oracle Corp.
12.14 Pericent BPM and DMS Software Pvt. Ltd.
12.15 Siemens AG
12.16 Thoma Bravo LP
12.17 Thomson Reuters Corp.
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download multimedia:https://www.prnewswire.com/news-releases/medical-document-management-systems-market-size-to-grow-by-usd-412-45-million-from-2022-to-2027—assessment-on-parent-market-five-forces-analysis-market-dynamics–segmentation—technavio-301676832.html
SOURCE Technavio
The latest decision from ExxonMobil won't win any popularity contest, but it will make it a champion to its investors. On Thursday, the oil giant…
Taiwan Semi's expansion to the U.S. is a big deal, but there are ways to profit during construction.
On Dec. 9, the leaders of Saudi Arabia and China met in Riyadh—Xi Jinping’s first visit there since 2016. He and his counterpart, crown prince Mohammed bin Salman, agreed meet more often and signed a number of deals broadly aimed at aligning the countries’ mid-term development agendas, China’s Belt and Road Initiative and Saudi’s Vision 2030.
MOSCOW (Reuters) -Russia, the world's biggest exporter of energy, could cut oil production and will refuse to sell oil to any country that imposes the West's "stupid" price cap on Russian oil, President Vladimir Putin said on Friday. The Group of Seven major powers, the European Union and Australia last week agreed to a $60 per barrel price cap on Russian seaborne crude oil after EU members overcame resistance from Poland.
(Bloomberg) — The offer seemed too good to be true: Up to 200,000 barrels of heavy-sour crude at a $30 discount to the US benchmark. Most Read from BloombergPutin Calls Russian Nukes Deterrent Factor, Says War Risk RisingPeru’s President Accused of Coup After Move to Dissolve CongressWNBA Star Griner Freed in One-for-One Swap for Arms DealerElon Musk’s Bankers Consider Tesla Margin Loans to Cut Risky Twitter DebtWhy Did So Many US Men Quit Working? Social Status May Hold the Key, Study SaysThe
A judge recommends three ex-Wells Fargo executives pay a combined $18.5 million in fines over their alleged roles in the mega-bank's fake accounts scandal.
Since midstream operations have lower exposure to volatility in commodity prices, the outlook for the Zacks Oil and Gas – Production & Pipelines industry is bullish. Kinder Morgan (KMI), Williams Companies (WMB) and MPLX LP (MPLX) are the frontrunners in the industry.
Yahoo Finance Live anchors discuss Amazon rolling out a new tip incentive program when customers thank delivery drivers via Alexa.
An oil spill that shut TC Energy's Keystone pipeline in the United States on Wednesday could squeeze crude inventories at the country's primary storage hub and in two main refining regions, the Midwest and Gulf Coast, analysts and traders said on Friday. The Keystone line is a key artery bringing more than 600,000 barrels of Canadian crude per day (bpd) to various parts of the United States. It was shut late Wednesday after leaking more than 14,000 barrels of oil into a creek in Kansas, making it the largest crude spill in the United States in nearly a decade.
Many Americans dream of early retirement. It's even the basis for movements like FIRE, which stands for Financial Independence, Retire Early. But if you want to retire as soon as 52, you need a solid strategy to help you get … Continue reading → The post How to Retire at 52: Step-by-Step Plan appeared first on SmartAsset Blog.
Walmart Inc. has rallied from lows in May and June into late November. Prices moved above the 50-day and 200-day moving average lines in late October. The slopes of both the 50-day and the 200-day moving averages turned positive in November and we can see a buy signal from the golden cross — the 50-day line crossed above the 200-day moving average line.
ISLAMABAD (Reuters) -Pakistan's Supreme Court endorsed on Friday a settlement for Barrick Gold to resume mining at the Reko Diq project, one of the world's largest underdeveloped sites of copper and gold deposits, it said in an order. The endorsement was a condition of the settlement for Barrick to resume work on the project in the southwestern province of Balochistan, bordering Afghanistan and Iran, in which it will invest $10 billion. Chief Justice Umar Ata Bandial, the head of a five-judge panel, read out the operative part of the brief order in court.
Bank of America CEO Brian Moynihan, who has struck an upbeat tone on the economy in recent interviews, recently discussed the Charlotte-based bank's strategy for adjusting its headcount, which it is currently looking to do.
(Reuters) -Canada's TC Energy shut its Keystone pipeline in the United States after more than 14,000 barrels of crude oil spilled into a creek in Kansas, making it one of the largest crude spills in the United States in nearly a decade. The cause of the leak, which occurred in Kansas about 20 miles (32 km) south of a key junction in Steele City, Nebraska, is unknown. It is the third spill of several thousand barrels of crude on the pipeline since it first opened in 2010.
The tax-free deal on the Roth IRA may seem too good to be true, but rest assured that there are at least five good reasons for it to stay that way.
The provider of electronic signature software has been in a lengthy downtrend and still needs to prove itself.
(Bloomberg) — Silvergate Capital Corp. was dealing with the same problem many small US banks face: How do you differentiate yourself when larger competitors do everything you do, only better?Most Read from BloombergCeline Dion Brings Attention to Stiff Person Syndrome: Here’s What It IsStocks in Choppy Waters With Focus on Fed Decision: Markets WrapTesla's Troubles Are Piling Up While Elon Musk Is Distracted With TwitterMusk Twitter Leak Raises Concern About Outside Data AccessTop Money Manager
Cutting-edge aircraft and next-generation spacecraft maker Northrop Grumman has been ignoring the 2022 bear market and has been trending higher the past 12 months. The On-Balance-Volume (OBV) line shows a positive trend and confirms the price gains. The Moving Average Convergence Divergence (MACD) oscillator has stayed above the zero line for much of the past year.
Coca-Cola, PepsiCo, Coca-Cola FEMSA, Keurig Dr Pepper and Monster Beverage have been highlighted in this Industry Outlook article.
Enterprise Products (EPD) has a stable business model and is not significantly exposed to the volatility in oil and gas prices.
- Published in Uncategorized