Priority Software Ltd | June 28, 2022
Priority Software Ltd., a leading global provider of business management solutions, announced the enhancement of its product offering with the acquisition of Silverbyte, a leading provider of property management software.
The purchase agreement with Silverbyte will broaden Priority's business management suite offering to customers operating in the hospitality sector.
Operating in over 30 countries, Silverbyte provides an innovative, scalable platform that allows accommodation providers of all sizes and from various hospitality industry segments to easily and intuitively manage all aspects of their property, from end-to-end in-house operations to external distribution and booking systems. Silverbyte's solution is implemented in leading hotel chains worldwide, such as Leonardo, Fattal, Crowne Plaza, and Holiday Inn.
The acquisition of Silverbyte is the fifth acquisition made in the past 15 months by Priority, which continues to expand with an impressive range of solutions that give Priority a significant advantage over competitors.
Silverbyte's acquisition is synergetic to the company's operation and will enable Priority to continue delivering highly advanced solutions through the integration with Priority's cloud ERP and retail solutions.
By acquiring leading solution providers in multiple business sectors, Priority assumes a leading position in different market verticals, including retail, education, and hospitality.
"Silverbyte's innovative solutions expand our business management offering for the hospitality industry. Combining our technology and market reach with Silverbyte's solutions will increase our capability to deliver new, innovative solutions to the global market. This acquisition is another important step in Priority's evolution and vertical expansion, positioning the company as a market leader in the fields of ERP, Retail management, HRM, Logistics, Education, and now hospitality."
-Sagive Greenspan, Priority CEO.
Silverbyte CEO, Einav Peleg, said: I am very pleased to join a leading technology company. Being part of Priority will allow us to offer an end-to-end solution, developed by a single company, that includes an ERP system, point of sale (POS), workforce management and Silverbyte's PMS system. The synergy between the companies will provides a unique value to the hospitality market.
Priority Software Ltd., a Fortissimo and TA Associates company, is a leading provider of scalable, agile, and open cloud-based business management solutions for various industries and organizations of all sizes, from global enterprises to small and growing businesses. Recognized by top industry experts and analysts for its product innovation, Priority provides real-time access to business data and insights from any desktop or mobile device, enabling organizations to increase operational efficiency, improve the customer experience, identify new opportunities, and outpace the competition. With offices in the US, UK, Belgium, and Israel and a global network of business partners, Priority empowers 75,000 customers in 40 countries with smart and intuitive business management platforms that drive accelerated organizational growth. For more information, visit www.priority-software.com.
Wolters Kluwer | June 28, 2022
Given that many financial institutions' transformation lists to adopt new technologies have grown in recent years, having a clear understanding of the ultimate purpose of that technology is critical to getting it right and embracing significant change. According to the CEO of Wolters Kluwer Compliance Solutions, in a recently published interview, the mindset required for technology teams to successfully develop—and implement—those same technologies to meet the complex challenges of financial services customers.
“They’re not just creating code… (or) different architectures. It’s linking it all the way to the actual impact that it has for our end customers, in a Mortgage Professional America feature, Tech Must be Purpose-Built. It sounds like simple work, but I’ve seen a lot of organizations where you ask somebody what they’re working on and how that impacts their own community, and someone would say ‘I don’t really know.’ That’s been a major initiative for us—to further engage our entire technology organization to not only create great technology, but to know how it benefits others.”
-Steve Meirink, Executive Vice President and General Manager for Wolters Kluwer Compliance Solutions
He notes that purpose-built technology has led the way in many financial services arenas, from Wolters Kluwer assisting lenders in quickly accessing critical small business funding during the pandemic crisis to the development of digital assets "in all lending areas, including mortgage" that are fundamentally changing the lending industry for the better.
Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to insurance companies, banks and credit unions, and securities firms in the United States. The company, which is part of Wolters Kluwer's Governance, Risk & Compliance (GRC) division, assists financial institutions in efficiently managing risk and regulatory compliance obligations, as well as gaining the insights required to focus on better serving their customers and growing their business.
Intuit | June 30, 2022
On July 5, Intuit QuickBooks will launch a new campaign to encourage Latino business owners to think like a "negocito" — a small business — and instead focus on the tools that will help them become a "negociote," with a big business mindset. Intuit, the global technology platform that produces QuickBooks, TurboTax, Mint, Credit Karma, and Mailchimp, will feature soccer legend Javier "Chicharito" Hernández in a new commercial. The commercial and campaign aim to reach both English- and Spanish-speaking Latino-owned small businesses, who are the fastest-growing group of entrepreneurs in the United States, having grown by 34% in the last decade.
Chicharito has become a cultural icon in many Latino communities due to his achievements on the soccer field. Chicharito embodies what it means to work hard and achieve great things.
Access to private funding is one of the most significant barriers that Latino small businesses face. Businesses can use QuickBooks to automate and streamline their financial processes, pay employees, get paid quickly, and gain access to capital.
Almost 60% of QuickBooks Capital customers would not have qualified for a loan anywhere else. Furthermore, entrepreneurs who applied through QuickBooks Capital saw a threefold increase in approval rates.
“The rapid growth of Latino-owned small businesses has accelerated our efforts to drive more awareness of our financial tools, Knowing the many challenges that they are facing on a daily basis, we believe that it’s a critical time for QuickBooks to be a partner to Latino entrepreneurs and help them prosper.”
-Dan McCarthy, senior vice president and chief business officer at Intuit