TECHNOLOGY, SMALL BUSINESS TRENDS
HG Insights | February 24, 2023
On February 23, 2023, HG Insights®, a global leader in Technology Intelligence, announced the enhancement of its flagship platform by introducing the Small Business Data Set, enabling users to gain a broader perspective of their target markets, including both large businesses and small and midsize businesses. This update will help companies to develop comprehensive targeting strategies.
Following Platform 2.0 in July 2022, HG's clients have been empowered to gain valuable insights, make informed decisions regarding their markets, and develop effective organizational strategies with increased accuracy and certainty.
HG Insights' inclusion of the Small Business Data Set in its platform without any additional charges to customers is a key component of the firm's plan to leverage its offline insights to enable GTM teams to identify new business prospects and facilitate decision-making across various departments within an organization.
Some benefits of integrating the Small Business Data Set are:
Curated for small business coverage: HG Platform's inclusion of small and midsize businesses is ensured by carefully selecting data from billions of records.
Doubling the records: The existing data set on the HG Platform has been updated with 780,000 new small and midsize business records.
Additional coverage: The data set comprises information from over 200 countries, 7.4 million global product installations, and 1.1 billion contextual intent signals.
Quality data-driven insights: This data has been filtered to remove irrelevant information, enabling customers to develop effective sales strategies for their small and midsize business markets.
CTO of HG Insights, Robert Fox, said, "We continue to expand HG Insights' market-leading Technology Intelligence through the most recent addition of our small and midsize business data set." He added, "Building on the value provided through the HG Platform experience, we continue to expand insights for small and midsize companies and unlock value throughout these markets. I am pleased to bring this additional value to our customers as we continue to deliver Technology Intelligence that fuels customer growth."
(Source – Businesswire)
By integrating the Small Business Data Set, customers can use the HG Platform to identify market opportunities in small and midsize businesses and maximize potential revenue streams.
About HG Insights®
HG Insights® is a technology intelligence company that provides organizations with data-driven insights to make informed business decisions. It specializes in providing market intelligence and competitive analysis to technology companies to help them identify and target potential customers and optimize their sales and marketing efforts. The company uses advanced data analytics and machine learning technologies to gather and analyze data from various sources, including social media, news articles, and public databases. Its products and services include market intelligence, predictive analytics, technographic data, and consulting services. Headquartered in Santa Barbara, California, HG Insights serves clients from various industries, including IT, healthcare, finance, and manufacturing.
Read More
MANAGEMENT
LegalZoom | February 08, 2023
On February 7, 2023, LegalZoom, a leading online legal and compliance solutions platform, and NEXT Insurance, a renowned digital insurtech firm transforming small business insurance, announced a partnership to better assist small business owners in creating and protecting their businesses online.
NEXT's best-in-class, fully embedded insurance solution, NEXT Connect, enables small company owners to receive an estimate for small business insurance and obtain a plan that works for them without ever leaving the LegalZoom platform.
According to a LegalZoom poll of small company owners, just 9% of entrepreneurs reported having business insurance at the time of business formation. However, obtaining business insurance is essential when establishing a firm to ensure success. From giving benefits to employees to defending a firm from damages to protecting consumers, business insurance is necessary for U.S. enterprises and is sometimes legally mandated.
When it comes to partnerships and the goods and services given to small business owners, LegalZoom continues to adopt a technology-forward approach. Thanks to new partners such as Wix and now NEXT Insurance, customers of LegalZoom now have access to a simple, unified experience that allows them to establish, manage, protect, and expand their business without ever leaving LegalZoom.com.
Customers looking for small business insurance will have their information automatically entered within NEXT Connect, with their approval, in addition to the embedded experience with the LegalZoom platform, making it simple to explore the insurance alternatives that are suited for them. Furthermore, for those who are still deciding whether to buy insurance but want to learn more, LegalZoom's Business Toolkit includes educational content that might provide crucial insurance information for entrepreneurs.
About LegalZoom
Founded in 2001, LegalZoom is a leading online business formation and an online platform for legal and compliance solutions in the United States. With a mission to democratize law, it operates in 50 states and over 3,000 counties across the United States, having over 20 years of expertise in navigating complicated legislation and simplifying its clients' legal and compliance processes. Millions of customers trust LegalZoom to officially establish and operate their businesses and protect brands and intellectual property.
About NEXT Insurance
Founded in 2016, NEXT Insurance is a renowned digital insurtech firm redefining small business insurance with digital, easy, and affordable coverage customized for the self-employed. The company is trusted by over 420K business owners and offers 24/7 access to live certificates of insurance, additional insured, and more with no additional costs. In addition, it is revolutionizing the insurance industry by leveraging machine learning and AI to streamline the purchase process and deliver more affordable coverage.
Read More
TECHNOLOGY
MANTL | January 30, 2023
Grasshopper Bank, the leading digital bank serving the business and innovation economy, recently announced a new partnership with MANTL, a renowned provider of account origination solutions, to achieve efficiencies that will better serve its SMB clients. Grasshopper Bank will utilize Commercial Deposit Origination by MANTL to enhance its digital deposit origination platform for businesses and provide a better client experience. The bank will also work with MANTL to establish an entirely automated online business loan origination solution, which is currently in development.
MANTL was chosen by Grasshopper Bank to improve and streamline its existing online business account opening process, enabling the bank to access new revenue streams and efficiently scale while providing best-in-class digital banking experiences to the SMB market.
The MANTL solution is entirely digital and automates up to 97% of application decisions, including customer and enhanced due diligence (EDD), to provide organizations with an intuitive, straightforward, and speedy digital onboarding experience. In addition, this collaboration will streamline Grasshopper Bank's document collection by eliminating manual processes and enabling business applicants to upload and examine documents digitally.
After assessing the available loan solutions on the market, including technology vendors that offer both loan and deposit origination, Grasshopper Bank decided to join MANTL to develop a brand-new digital business loan origination solution. This solution, which is expected to launch in the second half of 2023, will extend MANTL's product line and bring its high-performing and ROI-optimizing technology to the other side of the balance sheet, filling a crucial technology gap in the loans market. Key MANTL features for Grasshopper Bank include the ability to personalize the underwriting, intuitively manage risk thresholds and KYC, enhanced back-end data processing, and an industry-leading time to market.
About MANTL
Founded in 2016, MANTL is an enterprise SaaS firm that assists traditional financial institutions in modernizing and growing. The company's Commercial Deposit Origination is a first-of-its-kind solution that automates up to 97% of application decisions, reimagining account creation for businesses of all sizes. Its Consumer Deposit Origination is one of the market's fastest and most efficient solutions, allowing net-new prospects to open accounts in just 2 minutes and 37 seconds, enabling existing account holders to open additional accounts with a single click, and reducing fraud by up to 67%. In addition, its software transforms the cost structures of banks and credit unions, facilitating expansion that is up to ten times more cost-effective than opening a brick-and-mortar branch.
Read More