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Coherent Market Insights recently released a study report titled Global Document Management System Market from 2022 to 2028, which is a brilliant blend of industry expertise, innovative ideas, solutions, and cutting-edge technology to provide a better experience. A trustworthy and dependable source of information, the Document Management System Industry Report offers a thorough picture of current industry trends, developing products, conditions, and opportunities. The market research includes thorough and current data on consumer needs, preferences, and likes regarding a particular product. It makes predictions about overall market circumstances, development opportunities, and potential barriers.
𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗮 𝘀𝗮𝗺𝗽𝗹𝗲 𝘁𝗼 𝗼𝗯𝘁𝗮𝗶𝗻 𝗮𝘂𝘁𝗵𝗲𝗻𝘁𝗶𝗰 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗰𝗼𝗺𝗽𝗿𝗲𝗵𝗲𝗻𝘀𝗶𝘃𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗮𝘁-
https://www.coherentmarketinsights.com/insight/request-sample/3115
The Document Management System market study contains a comprehensive analysis of the industry’s situation right now, as well as important players, regions, categories, and applications. The research covers a thorough examination of growth determinants, market definition, market potential, and driving trends to understand future demand and forecast for the global industry. This report provides specific information about the market size, company share, sales volume, and revenue for Document Management System for both the previous and the year 2028. The research study focuses at key market participants, CAGR figures, market drivers, restrictions, and competition strategies globally. This market research also discusses obstacles, market share, future growth, and industry trends. Additionally, it does market research to determine the growth strategies, plans, and procedures of important companies.
𝗧𝗼𝗽 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗜𝗻𝗰𝗹𝘂𝗱𝗲: Atlassian, OpenText Corporation, Xerox Corporation, IBM Corporation, eFileCabinet Inc., SpringCM, Oracle Corporation, Hyland Software Inc., Ricoh USA, Inc., Open Document Management System S.L., Microsoft Corporation, Synergis Technologies, R2 Technologies Limited, and Zoho Corporation.
Detailed Segmentation:
𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀:
» 𝗡𝗼𝗿𝘁𝗵 𝗔𝗺𝗲𝗿𝗶𝗰𝗮: United States, Canada, and Mexico
» 𝗦𝗼𝘂𝘁𝗵 & 𝗖𝗲𝗻𝘁𝗿𝗮𝗹 𝗔𝗺𝗲𝗿𝗶𝗰𝗮: Argentina, Chile, Brazil and Others
» 𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁 & 𝗔𝗳𝗿𝗶𝗰𝗮: Saudi Arabia, UAE, Israel, Turkey, Egypt, South Africa & Rest of MEA.
» 𝗘𝘂𝗿𝗼𝗽𝗲: UK, France, Italy, Germany, Spain, BeNeLux, Russia, NORDIC Nations and Rest of Europe.
» 𝗔𝘀𝗶𝗮-𝗣𝗮𝗰𝗶𝗳𝗶𝗰: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia and Rest of APAC.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.coherentmarketinsights.com/insight/request-customization/3115
Key Reasons to Buy this Report:
⁃ Utilize current information gathered by our own researchers. This gives you access to historical and projected data that is analysed to reveal the reasons the Document Management System industry is changing; this enables you to foresee market changes and preserve a competitive advantage.
⁃ The clear graph, succinct analysis, and table style make it easy to get the data you need.
⁃ Defines the region and market sector most likely to see rapid growth and market dominance.
⁃ A geographical analysis showing the factors influencing the market in each region as well as how the product or service is used there.
⁃ Detailed company profiles for the major market players, including executive summaries, corporate insights, product benchmarking, SWOT analysis, and information on recent service/product launches, business expansions, and acquisitions by the companies profiled.
⁃ A forecast of the market for the sector’s current and upcoming years that takes into consideration recent changes, such as growth prospects, drivers of that growth, and challenges and constraints in both emerging and developed economies.
⁃ Porter’s five forces analysis offers a thorough examination of the industry from a wide range of perspectives.
⁃ Provides information on potential future market growth as well as industry knowledge through a Value Chain – Market Dynamics scenario.
FAQ:
➣ What is the anticipated growth rate and market size of the Document Management System industry for the forecast period 2022-2028?
➣ What major variables are affecting the global Document Management System market?
➣ What strategies have market leaders used to stay one step ahead of the competition?
➣ Which industry trends and reveal most likely to keep the Document Management System Market’s prospects favourable for the anticipated period of 2022–2028?
➣ What challenges can prevent market expansion in different regions?
➣ What opportunities are the top players in the Document Management System Market staking their bets on for the upcoming years?
➣ What are the key conclusions of the five-point analysis of the global Document Management System market?
𝗚𝗲𝘁 𝟮𝟬𝟬𝟬 𝗨𝗦𝗗 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 𝗼𝗻 𝗕𝘂𝘆𝗶𝗻𝗴 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁:
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𝗧𝗮𝗯𝗹𝗲 𝗼𝗳 𝗖𝗼𝗻𝘁𝗲𝗻𝘁:
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
– Market Definition and Scope
Executive Summary
– Market Snippet, By Type
– Market Snippet, By Application
– Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
– Drivers
– Restraints
– Market Opportunities
Continue…
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Knowledge management is where technology and people combine for a tailored management of assets. It could also help to unlock potential in your organisation
Search for a description of knowledge management (KM) and you’re likely to have a better chance of finding an agreed version of the best Avenger hero. Atlassian describes KM as “the process of creating, curating, sharing, using and managing knowledge across an organization, even across industries”. Gartner takes a similar view, positing that “KM promotes a collaborative and integrative approach to the creation, capture, organization, access and use of information assets, including the tacit, uncaptured knowledge of people” – but there still remains no single, accepted definition.
This positions KM as an esoteric discipline, but consensus suggests that when it is implemented effectively, KM is a collective endeavour; an organisational movement where technology intersects with the levers of people, process, tools and content.
Of these parts, people are arguably the key to successfully embedding KM into an organisation. They are asked to perform outside the perceived constructs of their role, for which they’re unlikely to receive plaudits. Such outputs might include profiling content with metadata using clear, unambiguous language so it can be easily found or joining a community of practice and participating in knowledge-sharing sessions (in addition to existing roles and responsibilities).
In whatever form KM activities manifest for the individual, it will involve applying intent to their activities and an understanding of how those activities intersect with other areas of the organisation. So these activities must have tangible benefits for the employee and the organisation.
Monica Danese-Perrin is head of knowledge management at digital business services firm Emergn and was tasked with creating communities of practice at Lloyds Banking Group as part of a move to an agile working model. Employees were required to upskill as part of the transformation project and, as part of the process, agile coaches were brought in to identify capability gaps.
Danese-Perrin used the hub-and-spoke model to scale and connect capability across the organisation. Parts of this process were to drive new capture processes to improve knowledge findability, and these tools were effectively used for knowledge creation, sharing and storage. At least 70,000 employees use the tools Danese-Perrin introduced and this initiative was shortlisted for the Henley Forum Advancing Organisational Change and Development Practice award.
Understanding the objectives of a project from a KM purview can save an organisation significant rectification costs. “Any KM initiative has a commercial consideration, in terms of what it can save or make the organisation, so approaching it with a clear purpose and intention is critical.”
Organisational silos can result in money sinkholes with disconnected business functions soliciting ‘silver-bullet software’ in a vacuum.
Any KM initiative has a commercial consideration, in terms of what it can save or make the organisation
Microsoft Viva is marketed as an employee experience platform – its holistic offerings are a beguiling proposition. Viva Topics teases the holy grail of information findability, using AI technology and other dependencies in the Microsoft suite. Layering AI onto a content database that hasn’t been organised, classified or governed with life-span management practices won’t of itself bring about the desired outcome. Without embedded KM processes, the underlying interdependencies might all too easily be overlooked.
By contrast, software provider ClearPeople has a digital workplace product, Atlas, which leverages the capabilities of SharePoint Syntex (a lesser-known AI-based Microsoft product). The synthesis of these products presupposes an existing taxonomy, metadata, information architecture and governance.
Silos aren’t an issue at global law firm Shearman & Sterling. Jon Beaumont, senior knowledge manager, describes the collaborative relationship between CTO and chief knowledge officer which was pivotal to the success of a project to move from a disparate on-premise file-share system to a cloud-based document management system, iManage 10, at the height of lockdown. The system has delivered increased security and centralisation of documents, and has future-proofed search capability initiatives. But it hasn’t been implemented entirely without issue, with the occasional inconsistent document profile and metadata-tagging by content owners.
In 2020, technology pivoted to facilitate a raft of business-critical requirements, one of which was remote contract exchange and esignatures. Jenni Tellyn is a KM consultant at 3Kites Consulting, who worked on a project to implement DocuSign. The contract exchange and esignature platform was a key business enabler for the organisation during the pandemic, providing a sustainable and risk-averse approach to contract completion.
While she believes that “KM bridges the gap between technologists and the wider business”, Tellyn identifies the critical role which people play in the process of KM delivery. “People often wish to subscribe to the benefits offered by KM but without having actively contributed to them,” she observes – a sentiment that is echoed by Beaumont.
There is another red flag that can be tied back to the lever of people and the imperative of providing a clear narrative around the ‘why’ of KM application, alongside the ‘how’ of technology. When the case for KM no longer needs to be argued, it will become the connective tissue of the organisation and critical to digital sustainability endeavours through the robust management of software, content and media assets.
The spirit of this outlook is summed up in Danese-Perrin’s definition of KM, which transcends its otherwise utilitarian essence: “KM is couture for data. It’s made to measure – and good KM should be both intentional and invisible.”
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Database management systems provide a backbone from which enterprises can draw data for applications and workloads, but they also offer additional features that protect data, like backup and recovery options.
Database management system (DBMS) software provides an environment for enterprises to categorize and query their data. Often, this software supports multiple data types, and it helps enterprises organize data based on the specific rules they set. DBMS software is designed for any business that needs to store its data in a highly structured yet flexible environment.
Today’s database software market has many providers, but finding the right solution requires knowing your business’s needs and challenges. Considerations when choosing a DBMS include enterprise size, application needs, and data types supported by the solution.
Table of Contents
Microsoft SQL Server is a database management system for larger organizations, particularly those with big data operations. Microsoft can assist businesses in migrating data from SQL Server to Azure.
Microsoft offers other cloud solutions that businesses can use in conjunction with SQL Server, like Azure databases. Azure Synapse is another big data tool: it’s an analytics service for multiple data technologies, like SQL, Spark, and Power BI integrations. If your business is looking for a database that integrates with a variety of big data tools, consider SQL Server.
Image credit: Microsoft
SQL Server offers Big Data Clusters, a solution that allows businesses to run clusters of SQL Server, Spark, and Hadoop Distributed File System containers on Kubernetes. Note that support for the SQL Server 2019 Big Data Clusters is set to end in 2025, so consider other big data options—like Synapse—if your business is looking at SQL Server. Big data support also allows businesses to query their unstructured data.
Through SQL Server, enterprises can create a business intelligence platform: Microsoft allows users to combine multiple data sources and use data visualization tools like Power BI and Excel through its Analysis Services. The services can be deployed on either Azure or SQL Server. Enterprises that rely heavily on analytics and want to develop a BI solution that works with their database will benefit from Microsoft’s tools for SQL Server.
Also read: 12 Key Steps for Unstructured Data Analysis
MongoDB is a database management provider that offers support for unstructured data operations and edge-to-cloud data syncing. MongoDB Realm, which offers managed back-end services, allows businesses to build mobile applications and deploy the apps on Android, iOS, and the web. Realm also offers object-oriented data models and syncing between cloud environments and Realm Mobile Database.
MongoDB Atlas is a multi-cloud database and data services platform for users, provided as a service. The document model within Atlas allows users to create files in a JSON format. Consider MongoDB if your business has JavaScript developers and uses JavaScript frequently for data operations. Users overwhelmingly cited how easy MongoDB was to learn and use, especially for new developers.
Image credit: MongoDB
Multiple MongoDB users also mentioned a 16 MB size limit on documents within the database; the database also requires a large amount of random access memory. If your business needs to store large documents that exceed that size, you may want to consider another database.
MongoDB offers a free community server edition of the database, with a 512 MB cluster. Users also have the option to migrate from the free edition to Atlas.
PostgreSQL is an open-source database management system that supports over fifteen data types, including JSON, XML, and custom types. It also supports multiple advanced indexing features, including GiST and bloom filters; indexing improves data retrieval speeds. These features are useful for businesses that need flexibility of data types and the ability to speedily access data.
PostgreSQL has been ACID compliant (atomicity, consistency, isolation, durability) for over twenty years. If your business is in the financial or healthcare industry and has heavy data protection requirements, consider a database like PostgreSQL that is ACID compliant.
pgAdmin, PostgreSQL’s development and administration platform, allows users to create and edit PostgreSQL objects, as well as view object statistics when possible. It permits asynchronous, synchronous, and logical replication, which gives enterprises more flexibility to choose a replication strategy that works best. PostgreSQL can be deployed in desktop mode or server mode, which permits multiple users across the web.
Image credit: PostgreSQL
PostgreSQL also has a community that’s segmented into multiple topic category email lists, including announcements and general support. PostgreSQL also has a wiki that contains user-generated content and directions for contributing code to the database. Users that want to be active in a database community will benefit from PostgreSQL’s documentation and content.
Users noted that PostgreSQL is sometimes slow while executing large or heavy queries. Consider PostgreSQL for applications with stable workloads, but it’s not the best choice for mission-critical enterprise apps that consistently process big data.
MySQL is an open-source database for businesses of any size. MySQL’s enterprise edition offers data-at-rest encryption for files of the database. It also integrates with Pluggable Authentication Modules (PAM) and Active Directory for user authentication.
Image credit: MySQL
MySQL Heatwave is a cloud-managed database service, offered through Oracle, that allows machine learning and OLAP workloads to run from a MySQL database. It provides analytics without requiring ETL duplication, which follows a three-step process to pull data out of a store to eventually be analyzed. Internal analytics require less preparatory work for data analysts.
By using Heatwave, developers can run OLTP and OLAP workloads from a MySQL database, and the service also integrates with business intelligence tools like Tableau and Looker. Businesses that want additional services, particularly analytics, included in their database solution will benefit from a tool like HeatWave.
MySQL Cluster, a technology that clusters in-memory databases together, is intended for real-time access to distributed data sets. Because multiple databases are used for the same operations, the database architecture is more fault tolerant—if one storage node fails, another can take its place.
Cluster offers replication for clusters in distributed geographic locations, and it can run on commodity hardware. MySQL Cluster supports up to four replicated copies of data, and users can store over 100 terabytes in one cluster. The solution offers five nines of availability.
MySQL is a widely used database; because it’s open source and highly popular, developers have access to a wide variety of online forum posts that can assist them with questions or problems.
Oracle Database is a DBMS intended to be used for enterprise grid computing, a method of IT infrastructure that combines distributed server resources for use by one enterprise. The most recent release is Oracle 21c, which added in-database machine learning algorithms. Data scientists are able to design predictive models that run on the data within database tables, rather than having to move the data to a sandbox environment.
21c also introduced blockchain tables, which apply a cryptographic hash to rows once they’re added to a table. The row can’t be edited later, which ensures that recorded transactions aren’t tampered with and remain accurate.
21c permits developers to execute JavaScript code directly within the database, rather than needing to run the code in another location. Dev teams that rely heavily on dynamically typed languages will benefit from the ability to run JavaScript within the database.
Image credit: Oracle
Oracle Database supports multiple data types, including JSON and XML. It also provides transaction controls: each transaction receives an individual ID, and transactions are ACID compliant. If one part of a transaction fails, the transaction does not complete but rather rolls back to the data’s original state. This helps operations stay consistent and prevents inaccurate or imbalanced data.
Oracle’s Real Application Clusters (RAC) support enterprise grid computing by distributing a database’s operations across multiple servers. The servers access shared data storage, and if a user session connected to the clusters has an outage, it can failover to another server. This improves organizational uptime, decreasing the likelihood of total session failure.
Teradata Database is a solution designed specifically for data warehousing and analytics. Teradata’s warehouses rely on the database, which supports multiple installations of data stores ranging in size.
One of Teradata’s main differentiators is its in-database analytics: it supports data mining and modeling, among other analysis techniques. Businesses aren’t required to integrate third-party analytics tools to Teradata to receive data insights.
Teradata Database offers capacities up to 234 petabytes (PB) and scales to 2,048 nodes total. The database manages mixed workloads, using Teradata Active System Management (TASM) to provide admins with workload requests and help them allocate resources according to the business’s needs and priorities.
Image credit: Teradata
Teradata supports symmetric multiprocessing, massively parallel processing, public cloud, private cloud, hybrid cloud, and on-premises architectures. Symmetric multiprocessing allows multiple operations to occur simultaneously, and massively parallel processing (MPP) provides non-shared memory for separate nodes to process the same computation. Enterprises that need to process large volumes of critical data benefit from MPP architectures. Teradata is a solution for businesses with intense processing requirements.
Also read: Teradata vs. Snowflake: Compare Data Warehousing Tools
Redis is a data store that functions as a database, among other tools, for software developers. This open-source “data structure server” supports multiple data types and permits server-side scripting through Lua, a scripting language for applications. Redis is also a very fast data platform, which makes it useful for real-time data access.
Redis has multiple methods of persisting data, including writing dataset snapshots and logging write commands to storage hardware like SSDs. If users don’t want to keep the data or the data needs to be unavailable after a period of time, however, they can disable persistence. Users are able to configure how often snapshots are taken based on a determined number of seconds and dataset changes. This allows them to create backup materials in a time frame that suits their business needs.
Redis Cluster allows enterprises to automatically distribute data among nodes so the corresponding workload can continue to run if one node fails. Clustering can belong to a business continuity plan, which helps organizations prepare for risks and unexpected outages.
Redis also offers detailed documentation on its Cluster TCP ports, data sharding, and configuration parameters, among other features. If you have new developers or teams that are unfamiliar with Redis, the available Cluster documentation is extensive.
Redis offers an API for building and implementing modules. Modules add data models to the existing Redis data structures, allowing developers to extend Redis commands to additional libraries.
Database management system software is a program that allows database administrators to manage stored enterprise data from any device where the database application is installed. Database system administrators are able to make advanced searches and format data. DBMS software provides support for enterprise applications that require regular data queries to meet customer needs.
DBMS software is either relational or non-relational. Relational databases use structured query language (SQL), which uses established commands to present data to users. Non-relational databases aren’t limited to SQL and use multiple methods to manipulate data; the majority of the data structures aren’t clearly related to each other.
A database management system’s primary purpose is organized storage. Though a DBMS may integrate with analytics software or include some BI capabilities, data warehouses are specifically designed for intelligence purposes, not DBMS software. DBMS software is also different from data lakes because the data is thoroughly organized. Data lakes, on the other hand, aren’t intended to be organized but to store massive volumes of data in one non-hierarchical pool. Data stored in lakes is often raw and unstructured.
Also read: What is a Database Management System (DBMS)?
Security, disaster recovery, and automation are all common features of database management system software. Some DBMS software includes additional features that don’t appear in all solutions, like machine learning features and support for unstructured data.
Databases provide storage and access for critical and sensitive enterprise data, which needs to be secured. Database administrators should also be able to set access policies for individuals or groups so the business knows exactly who can see the data.
Even basic disaster recovery features, like the ability to make remote backups to another business location, help protect against total data loss. Look for replication and failover in database software, too.
DBMS software should offer, at minimum, automatic load balancing features and policies set for creating backups. This lightens the burden on human administrators to improve performance and protect data manually.
Machine learning tools, like the option to set up ML models for the database, help enterprises further automate their data processing. If your business has multiple applications that require machine learning technology, look for a database that supports ML modeling.
Some NoSQL databases will store unstructured data, which enterprises increasingly produce. If your enterprise heavily relies on unstructured data, consider a database that supports it.
Also read: Top Big Data Tools & Software
Advantages of DBMS solutions include:
Also read: What is a 3-2-1 Backup Strategy?
If you’re choosing a cloud DBMS, check whether the vendor locks in customers. Vendor lockin makes transitioning to other technology very difficult because the cost of switching solutions is high and the vendor doesn’t support other software. Before purchasing, decide whether you’re willing to use that vendor’s technology alone.
Also count the cost of moving that much data into the cloud, especially if your database has been around for years and already stores many petabytes. Such a migration will take time and could be expensive.
Decide what applications you need to support and choose a DBMS that supports operations necessary for the types of applications your enterprise uses. If your business plans to implement machine learning models in the next couple of years, you may need a more advanced database that already permits ML modeling.
Your business might need documentation if you have less experienced developers. If your enterprise will need heavy support, choose a DBMS provider that has plenty of documentation that’s easy to understand. If a provider doesn’t offer the amount of documentation your developers need, look for highly-rated, consistently available technical support as an alternative solution.
Read next: Best Data Modeling Tools
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Study finds taxpayers' appetite for tax advisory, rigorous data security, and audit protection among the top expectations when working with tax professionals
Today, INTUit (NASDAQ: INTU), the global financial technology platform that makes TurboTax , QuickBooks , Credit Karma , and Mailchimp released its first-annual 2022 Taxpayer Insights & Intelligence Brief . This comprehensive study surveyed over 3,000 United States taxpayers using a tax professional to prepare their taxes.* The study provided a holistic view of a taxpayer's experience when working with a tax professional to gain insights into their expectations and service needs.
The results showed as the tax and accounting industry shifts from leading with compliance based work to offering tax advisory services, there is a strong appetite from taxpayers for tax advisory and audit protection/resolution services. Additionally, the remote work revolution has increased the value of data storage, security, and electronic signatures in the minds of taxpayers.
"At Intuit we strongly believe that to best deliver for tax professionals it is important to understand what matters utmost to them – and that is their clients," said Dustin Kroeger, ProTax Group VP of Marketing. "This study sheds light on what's important to clients regarding not only the services they receive from their pros, but also how they work with their pros. As we gain these insights, we can work together to drive better financial outcomes for their clients."
The study's results additionally showed a strong market opportunity for tax professionals to adapt their portfolio of services to meet the needs of taxpayers. "Intuit works to solve pain points for our customers," said Kroeger. "As we gain these insights, we can all work more seamlessly in tandem for taxpayer and firm needs to power growth and success."
Topics highlighted in the study include:
Tax advisory
Audit protection and resolution
Data storage, transfer, and security
For more information about Intuit's ecosystem of tax solutions, visit https://proconnect.intuit.com/ .
ABOUT INTUIT : Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. Serving more than 100 million customers worldwide with TurboTax , QuickBooks , Credit Karma , and Mailchimp , we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us for the latest information about Intuit , our products and services, and find us on social .
* Source: " Taxpayer" study, Radius Research, April 2022 .
View source version on businesswire.com: https://www.businesswire.com/news/home/20221213005216/en/
Debra Hammer
Debra_hammer@intuit.com
News Provided by Business Wire via QuoteMedia
New Offerings Introduced Power Prosperity for Accountants and High-Growth Product-based and Mid-Market Businesses with Expanding Workforce Needs
Today, Intuit (NASDAQ: INTU), the global financial technology platform that makes TurboTax , Credit Karma , QuickBooks , and Mailchimp , announced new innovations designed to drive accountant and small business success at its ninth annual QuickBooks Connect conference in Las Vegas.
In-person for the first time since 2019, more than 3,000 accountants, bookkeepers, and developers joined the company at sold-out QuickBooks Connect to build relationships, be inspired, and learn about the latest offerings from Intuit QuickBooks, the world's leading financial technology platform that helps more than 8 million small and mid-sized businesses start up and scale up.
"We're thrilled to be back together in-person at QuickBooks Connect with our most valued partners," said Jeremy Sulzmann, vice president and general manager of the Partners Segment Business at Intuit QuickBooks. "This year, we reimagined our event to focus solely on accounting professionals, solution providers, and third-party developers – all of whom share our mission to help small businesses succeed. The ability to gather as a community and showcase our latest product innovations that will help our partners and their clients grow is truly special."
New innovations highlighted at QuickBooks Connect include:
QuickBooks Commerce Accounting
A 2021 Intuit survey of U.S. product-based businesses found 84% used a combination of pen and paper, and spreadsheets to manage inventory – spending 80 to 90 hours per month on this task. With Commerce Accounting, QuickBooks allows these businesses and their accountants to save time, increase accuracy, get powerful insights, and improve financial performance.
Commerce Accounting seamlessly connects sales channels such as Amazon, Shopify, and eBay to QuickBooks, automatically bringing in orders and matching sales and fees with bank deposits to reduce the need for manual data entry. Soon, additional commerce accounting and operations capabilities such as accurately tracking inventory, cost of goods sold, performing stocktakes, and tracking sales orders across all sales channels in one consolidated dashboard also will be available. These real-time data insights on order and fulfillment status, inventory levels, top selling products and channels, and more will allow product-based business owners and their accountants to make strategic business decisions and optimize sales to build successful e-commerce businesses.
Mid-Market Solutions
QuickBooks serves the mid-market with advanced accounting capabilities, automated workflows, and deep integrations to third-party applications to create efficiencies and meet the needs of these more complex businesses.
To meet the unique needs of these growing businesses, QuickBooks has introduced new integrations and features. This includes Spreadsheet Sync, which enables two-way syncing with Excel to help customers streamline their reporting processes and enter data in bulk, and the Custom Report Builder with Chart View, which can help create clear explanations of key performance indicators. Revenue Recognition and Project Estimates vs. Actuals were also introduced to help increase efficiencies for accountants and business owners.
QuickBooks Workforce Solutions
QuickBooks Workforce Solutions is evolving to provide a complete Human Resources Information System (HRIS) platform for employers so they can easily manage each employee's employment journey as well as their increasingly complex HR needs. New capabilities coming within QuickBooks Workforce Solutions that will broaden its HRIS functionality to serve small and mid-market businesses include:
QuickBooks Online Accountant
Providing the one place accountants and bookkeepers need to grow their practice and scale their impact across clients and services, QuickBooks Online Accountant (QBOA) helps accountants increase efficiency through streamlined and standardized workflows.
Key new features within QBOA include:
QuickBooks ProAdvisor Program
Celebrating the 25th anniversary of the program, Intuit unveiled a fully redesigned training portal created to meet the knowledge needs of the more than 600,000 active QuickBooks ProAdvisors worldwide. With a broad spectrum of training, education, and certifications, the new portal, first available for ProAdvisors in the U.S., makes it even easier to identify and find trainings that ProAdvisors need to grow their skills and knowledge as well as create personalized goals and learning paths. New content will be added on an ongoing basis to help ProAdvisors grow skills and knowledge across the QuickBooks platform and accounting industry as a whole.
To learn more about how the QuickBooks Online platform is helping accounting professionals and small businesses thrive, visit QuickBooks.com.
About Intuit
Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With more than 100 million customers worldwide using TurboTax , Credit Karma , QuickBooks , and Mailchimp , we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us for the latest information about Intuit , our products and services, and find us on social .
This information is intended to outline our general product direction, but represents no obligation and should not be relied on in making a purchasing decision. Additional terms, conditions and fees may apply with certain features and functionality. Eligibility criteria may apply. Product offers, features, functionality are subject to change without notice.
Source: Intuit Inc.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221208005160/en/
Intuit QuickBooks:
Kim Amsbaugh
650-224-3645
Kim_Amsbaugh@intuit.com
News Provided by Business Wire via QuoteMedia
Key facts:
Ten growth-stage fintech companies presented their technology at the new FIS ® (NYSE: FIS) Innovation Center as part of the 2022 FIS Accelerator Demo Day on Nov. 16. The event was attended by investors, bankers, fintech decisionmakers and community leaders and concluded the seventh year of the FIS Fintech Accelerator program.
Neural Payments won the Demo Day Award for its embedded payments solution that allows banks to send and receive money using a multitude of solutions in the market, putting banks at the center of P2P (peer-to-peer) payments. Other technologies showcased at Demo Day included green banking, lending, financial wellness, data privacy automation, realtime transaction risk management engine, fraud transaction monitoring, cloud-based compliance, earned wage access and regulatory compliance solutions.
"Opening the Innovation Center at our new headquarters with FIS Demo Day was an exciting way to bring hundreds of fintech enthusiasts together to recognize this talent," said Rob Lee, President, FIS Impact Ventures. "Congratulations to these companies for all their hard work and commitment to building the next generation of financial technology."
"FIS has been an invaluable partner for the last seven years as we've worked together to introduce more than 70 entrepreneurial innovators from across the globe to a network of industry experts through this world-class fintech accelerator," said Mimi San Pedro, executive director for The Venture Center. "Collaboration between the banking industry, subject-matter experts and our organization will continue to inspire the growth of cutting-edge financial technologies and the success of early-to-growth stage companies poised to advance the financial services industry."
Each of the ten companies will also pitch their solutions to a wider audience as part of FIS' Virtual Demo Day on Dec. 7. Anyone is welcome to take part in the online event which will include seven-minute pitch videos, the opportunity to help choose the winner of the Audience Choice Award, and a virtual networking session with company founders. Learn more and register online .
The FIS Fintech Accelerator program is presented by FIS Impact Ventures , which actively seeks new fintech startups, provides them with investment support, and nurtures their creative ideas to bring innovative technologies to FIS clients. Impact Ventures represents the largest ready-made ecosystem for fintechs, providing them the unique combination of infrastructure to build on, a vast distribution network to tap, and subject matter expertise to guide them toward success. This is an evolution and culmination of nearly a decade's worth of work providing support for fintech startups by offering one-on-one guidance complemented by FIS' deep expertise and industry experience. A significant percentage of FIS clients interact with Accelerator cohorts each year.
Read more about the ten growth-stage fintech companies from the 2022 program in our previous announcement or visit www.venturecenter.co/fisfintech .
About FIS
FIS is a leading provider of technology solutions for financial institutions and businesses of all sizes and across any industry globally. We enable the movement of commerce by unlocking the financial technology that powers the world's economy. Our employees are dedicated to advancing the way the world pays, banks and invests through our trusted innovation, system performance and flexible architecture. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500 ® and the Standard & Poor's 500 ® Index. To learn more, visit www.fisglobal.com . Follow FIS on Facebook , LinkedIn and Twitter ( @FISGlobal ).
View source version on businesswire.com: https://www.businesswire.com/news/home/20221205005127/en/
Kim Snider, 904.438.6278
Senior Vice President
FIS Global Marketing and Communications
kim.snider@fisglobal.com
News Provided by Business Wire via QuoteMedia
Key facts:
Global financial technology leader FIS ® (NYSE: FIS) today announced the expansion of its annual InnovateIN48 fintech competition to include early-stage fintech startups in the APAC region. Originally an employee-based innovation competition in 2013, FIS expanded the InnovateIN48 program to students in 2021 . InnovateIN48-Partner Edition is the first time the company has hosted an ideation competition for startups in the APAC region.
Open to early-stage APAC fintech startups with market-ready solutions, InnovateIN48-Partner Edition welcomed nearly 200 companies from 11 markets, including India, Singapore and Australia, to develop and pitch their innovative ideas to FIS leaders within a 48-hour window. Participants had the option to create standalone solutions or integrate their ideas with FIS technology to solve industry challenges all under the 2022 themes of Data Innovation, Digital Assets, and AI in Fintech.
Keynote speaker Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore, and other speakers discussed current industry trends aligned with these themes, while registrants from 35 countries learned about FIS' innovation ecosystem, products and APIs.
The event concluded with a demo day for presentations.
The InnovateIN48-Partner Edition finalists are:
Winners of the 2022 APAC competition will receive support from event partners and regulators , including a possible entry (subject to eligibility criteria) into the regulatory/innovation sandbox and fintech grants (as applicable) from IFSCA, which is a unified regulator regulating financial products and services in the specially created jurisdiction of IFSC in India. Those selected will also have potential opportunities to further develop their ideas and build a proof-of-concept through FIS initiatives such as FIS Impact Ventures , FIS Fintech Accelerator and FIS Alliance Network .
"InnovateIN48 is in its tenth year at FIS and we're thrilled to open the competition to startups in the APAC region, one of the fastest growing economies in the world," said Vishad Gupta, Head of the Global Delivery Organization at FIS. "Our goal is to engage early innovators who have new ideas with a lot of potential to help shape how the world pays, banks and invests. We're so pleased to have worked with such a strong group of cohorts and congratulate all the finalists on their outstanding presentations."
Learn more about FIS' InnovateIN48-Partner Edition as well as InnovateIN48 .
About FIS
FIS is a leading provider of technology solutions for financial institutions and businesses of all sizes and across any industry globally. We enable the movement of commerce by unlocking the financial technology that powers the world's economy. Our employees are dedicated to advancing the way the world pays, banks and invests through our trusted innovation, system performance and flexible architecture. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500 ® and the Standard & Poor's 500 ® Index. To learn more, visit www.fisglobal.com . Follow FIS on Facebook , LinkedIn and Twitter ( @FISGlobal ).
View source version on businesswire.com: https://www.businesswire.com/news/home/20221201005121/en/
Kim Snider, 904.438.6278
Senior Vice President
FIS Global Marketing and Communications
kim.snider@fisglobal.com
News Provided by Business Wire via QuoteMedia
SeedFi's Credit Builder feature will join Intuit's Credit Karma business to help more members build credit while saving money
Intuit (Nasdaq: INTU), the global financial technology platform that makes TurboTax , Credit Karma , QuickBooks , and Mailchimp , announced today it has entered into an agreement to acquire SeedFi, the partner behind Credit Karma's Credit Builder 1 , which helps low, or no-credit borrowers build credit while saving money, all for free. Credit Builder offers a line of credit and a secured savings account enabling members to build their credit while building up savings. By combining SeedFi's Credit Builder technology with Credit Karma's long standing relationships with credit bureaus and others in the credit ecosystem, Intuit will be able to move with greater speed and scale to help Credit Karma members make financial progress.
Late last year, Credit Karma entered into a partnership with SeedFi to offer Credit Builder to its members, enabling them to make regular payments, starting with as little as $20 per month or $10 per paycheck. By reporting these payments to the credit bureaus, members took steps toward improving their financial health. Through this partnership, members increased their score by an average of 21 points in as little as 30 to 45 days 2 and built up over $10 million in savings. This acquisition will enable Credit Karma Money to continue to build on that momentum and help put more members on a path to financial security.
"Credit Karma Money was built to change consumers' relationship with money and help them develop responsible financial habits, like staying on top of their bills and spending within their means," said Poulomi Damany, SVP and GM for Credit Karma Money and Tax. "With Credit Builder, we are able to differentiate ourselves as one of the best accounts for building credit. We have long standing relationships with credit bureaus and others in the credit ecosystem, and SeedFi has built great technology, so when combined, we will move even faster and build products to help more members, including those who need it the most."
A recent study from the Consumer Financial Protection Bureau (CFPB) showed that nearly three-quarters of Americans with no emergency savings have credit scores below 660. The correlation between low credit scores and lack of emergency savings persists over time, and SeedFi takes that problem head-on. Similar to Credit Karma, SeedFi's mission is to break the cycle of debt and help Americans realize their financial potential.
"We have already been working with the Credit Karma Money team for over a year to help members build their credit score and have been impressed with how Credit Karma's mission comes through in everything the company does. SeedFi has a similar mission to help consumers become financially fit, so joining forces just makes sense," said SeedFi co-founder and CEO Jim McGinley. "Together, leveraging Credit Karma's resources and scale, we will be able to accelerate the momentum of Credit Builder and SeedFi's technology capabilities to help more consumers improve their financial health."
The transaction between Intuit and McBurberod Financial, Inc. which does business as SeedFi, is subject to closing conditions, and is expected to close in the coming months. Upon close, SeedFi will become part of Intuit's Credit Karma business. The transaction is not expected to have a material impact on Intuit's operating results for the full fiscal year 2023. Terms of the transaction have not been disclosed. Intuit Ventures was an investor in SeedFi's last financing round.
About Intuit
Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With more than 100 million customers worldwide using TurboTax , Credit Karma , QuickBooks , and Mailchimp , we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us for the latest information about Intuit , our products and services, and find us on social .
About Credit Karma
Founded in 2007 by Ken Lin, Credit Karma, an INTUit company (Nasdaq: INTU), is a consumer technology company with nearly 130 million members in the United States, U.K. and Canada, including almost half of all U.S. millennials. While best known for pioneering free credit scores, the company's members turn to Credit Karma for everything related to their financial goals, including identity monitoring, applying for credit cards, shopping for loans (car, home and personal), auto insurance, savings accounts and now checking accounts through our bank partner, MVB Bank, Inc., Member FDIC — all for free. Learn more about how Credit Karma members are making financial progress on TikTok, Instagram and Twitter.
Cautions About Forward-looking Statements
These materials contain forward-looking statements, including expectations regarding the impact of the transaction on Intuit's operating results. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results to differ materially from the expectations expressed in the forward-looking statements. These risks and uncertainties may be amplified by the effects of global developments, conditions or events like inflationary pressures, the Russia-Ukraine war and the COVID-19 pandemic, which have caused significant global economic instability and uncertainty. These factors include, without limitation, the following: our ability to compete successfully; potential governmental encroachment in our tax businesses; our ability to adapt to technological change; our ability to predict consumer behavior; our reliance on third-party intellectual property; our ability to protect our intellectual property rights; any harm to our reputation; risks associated with acquisition and divestiture activity, including the integration of Credit Karma and Mailchimp; the issuance of equity or incurrence of debt to fund an acquisition; cybersecurity incidents (including those affecting the third parties we rely on); customer concerns about privacy and cybersecurity incidents; fraudulent activities by third parties using our offerings; our failure to process transactions effectively; interruption or failure of our information technology; our ability to maintain critical third-party business relationships; our ability to attract and retain talent; any deficiency in the quality or accuracy of our products (including the advice given by experts on our platform); any delays in product launches; difficulties in processing or filing customer tax submissions; risks associated with international operations; changes to public policy, laws or regulations affecting our businesses; litigation in which we are involved; the seasonal nature of our tax business; changes in tax rates and tax reform legislation; global economic conditions (including, without limitation, inflation); exposure to credit, counterparty and other risks in providing capital to businesses; amortization of acquired intangible assets and impairment charges; our ability to repay or otherwise comply with the terms of our outstanding debt; our ability to repurchase shares or distribute dividends; volatility of our stock price; and our ability to successfully market our offerings. More details about these and other risks that may impact our business are included in our Form 10-K for fiscal 2022 and in our other SEC filings. You can locate these reports through our website at http://investors.intuit.com . Forward-looking statements represent the judgment of the management of Intuit as of the date of this presentation. Except as required by law, we do not undertake any duty to update any forward-looking statement or other information in this presentation.
1 Credit Builder plan is serviced by SeedFi and requires a no-fee SeedFi line of credit and SeedFi savings account provided by Cross River Bank, Member FDIC. You're eligible to apply through Credit Karma Money if your TransUnion credit score is 619 or below at the time of application. Banking services for Credit Karma Money accounts are provided by MVB Bank, Inc, Member FDIC. Maximum balance and transfer limits apply per account. Credit Builder is not provided by MVB Bank.
2 From January to June of 2022, members with a TransUnion credit score of 619 or below who opened a Credit Builder plan and had it reported on their TransUnion report saw an average credit score increase of 21 points within 2 months of opening the plan. Late payments and other factors can have a negative impact on your score, including activity with your other credit accounts.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221201005348/en/
Media contact:
Emily Donohue
pr@creditkarma.com
News Provided by Business Wire via QuoteMedia
Intuit ProTax Group software updates equip tax professionals with the latest tools and technology ahead of tax season
Today, Intuit (Nasdaq: INTU), the global financial technology platform that makes TurboTax , Credit Karma , QuickBooks , and Mailchimp , is announcing its latest updates to products and services including Intuit Tax Advisor, Intuit ProConnect Tax, Intuit Link, Intuit ProSeries Tax, and Intuit Lacerte Tax for the upcoming tax year.
Intuit is committed to help tax and accounting professionals focus on their clients' needs and the future of their businesses. Intuit offers a variety of tools and services for tax professionals to take the next steps in their businesses and with their clients to move toward advisory services, including the Path to Advisory Guide , the AccounTrends podcast , and the Tax Pro Center.
"Intuit is continually listening to customers and making updates to its tools and products," said Jorge Olavarrieta, VP of Product Management and Design at Intuit. "We continue to deliver more capabilities to our customers across all offerings, and we are committed to bringing a variety of the best resources to tax and accounting professionals to save time, build businesses, and better serve clients every day."
Intuit Tax Advisor
Intuit is continually updating the new Intuit Tax Advisor product, integrated with ProConnect Tax and Lacerte, to help tax and accounting professionals on their path to advisory in an effort to go beyond tax compliance.
New features include:
Featured improvements to Intuit Accountant's product suite for 2022 include:
Updates to ProConnect Tax
Updates to Intuit Link in ProConnect Tax
Updates to ProSeries
Updates to Lacerte
*This information is our general product direction, but represents no obligation and should not be relied on in making a purchasing decision. Additional terms, conditions and fees may apply with certain features and functionality. Eligibility criteria may apply. Product offers, features, and functionality are subject to change without notice.
About Intuit
Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. Serving more than 100 million customers worldwide with TurboTax , QuickBooks , Credit Karma , and Mailchimp , we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us for the latest information about Intuit, our products and services, and find us on social .
View source version on businesswire.com: https://www.businesswire.com/news/home/20221201005198/en/
Debra Hammer
debra_hammer@intuit.com
News Provided by Business Wire via QuoteMedia
TurboTax Live Full Service tax experts can now fully prepare, finish, and file taxes in one meeting
TurboTax Online delivers new and enhanced experiences for crypto investors, creators, and self-employed individuals
TurboTax, from INTUit (NASDAQ: INTU), the global financial technology platform that makes TurboTax , QuickBooks , Credit Karma , and Mailchimp , announces the launch of its TurboTax Live and TurboTax Online products and services for tax year 2022. Eliminating the work and worry of tax time, TurboTax gives tax filers of any income and any complexity total confidence their taxes are done right and they are getting every dollar they deserve, regardless of if they want to fully hand their taxes off to a tax expert or do them themselves.
No more wait and wonder that taxpayers often experience when they take their taxes to someone who doesn't share status updates and delays filing. They can then review everything with their dedicated expert before the tax expert signs and files for them.
"Today's technology means we're always connected, so the idea of taking the time away from work, family, or free time to travel to a tax store is antiquated and unnecessary when TurboTax Live is available anytime, anywhere, on any device," said Varun Krishna, Intuit's Consumer Group, General Manager. "Leveraging Intuit's Virtual Expert Platform, customers are matched with a TurboTax Live tax expert, in English and Spanish, experienced in their unique situation. Our thousands of U.S.-based, TurboTax Live tax experts go through a thorough vetting process, leaving the work of searching for a qualified tax professional to us. Customers can sit down from the comfort of home and in one meeting, have their taxes prepared, signed, and filed by a trusted tax expert."
New in TurboTax Live Full Service this year:
In addition, Full Service will expand to better serve the growing Hispanic population this year. Starting in January 2023, customers can choose to go through a Spanish language Full Service experience. This includes fully translated shopping and onboarding experiences, as well as matching to a bilingual tax expert who will prepare, sign and file their taxes.
TurboTax will also expand to corporate small business returns with the launch of TurboTax Live Full Service Business Tax in December 2022. Incorporated business owners with multi-member LLCs, S-corps, and partnerships will be matched with and can fully hand their taxes off to a specialized tax expert experienced in the complexities of small business taxes.
Today, TurboTax is also launching its TurboTax Online and TurboTax Live Assisted products. Customers will see enhanced guidance and technological advances for crypto investments , stocks, self-employed and 1099-K income , giving customers confidence their taxes are done right regardless of their tax situation.
For those who want help along the way, TurboTax Live Assisted gives customers access to experts to help them complete their taxes, fix any mistakes, and explain what's next. They can also get an expert final review of their taxes before they file.
Investor: With the growth in investors and market volatility, TurboTax is focused on helping investors easily and accurately report their investment gains and losses.
Some of the new product features for investors include:
Self-Employed: With the rise of self-employed workers and new creative ways to earn an income, TurboTax Self-Employed uses advanced import capabilities and artificial intelligence to guide customers through their self-employed taxes and Form 1099-K changes.
Some of the new features for self-employed include:
1099-K Income Recipients: Millions of people, from self-employed to hobbyist, will receive Form 1099-K (Payment Card and Third Party Transactions form) for the first time and may not understand how the income reported on that form impacts their taxes. All TurboTax products will include:
All TurboTax Live and TurboTax Online products are now available at www.TurboTax.com , the Apple App Store and Google Play Store . See product pricing for product forms availability.
ABOUT INTUIT
Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With more than 100 million customers worldwide using TurboTax , Credit Karma , QuickBooks , and Mailchimp , we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us for the latest information about Intuit , our products and services, and find us on social .
View source version on businesswire.com: https://www.businesswire.com/news/home/20221130005404/en/
Lisa Greene-Lewis
Lisa_Greene-Lewis@intuit.com
News Provided by Business Wire via QuoteMedia
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