BUSINESS STRATEGY

ADP Reimagines RUN Powered by ADP to Help Small Businesses Accelerate Growth

ADP | September 16, 2021

ADP, a leading global technology company providing HCM solutions, has provided a significant update to its RUN Powered by ADP payroll platform to help small-business owners manage their businesses more easily than ever before. This redesign comes at a critical time, as small businesses redefine and rebuild amid the continued impact of the global pandemic and economic recovery.Leveraging direct feedback from our small business clients using RUN, ADP employed the latest in user design, artificial intelligence, and machine learning to deliver a payroll and HR experience to meet the needs of the moment. The new RUN Powered by ADP platform makes payroll even more user-friendly with intelligent search capabilities, streamlined user interface and a personalized dashboard with actionable insights. Learning and tailoring its offerings to each company's different needs, RUN's new user experience can help small businesses save time and effort.

The software also offers protection via smart technology that learns a company's payroll system, reviews the data provided and flags possible payroll errors before they happen. It can also help reduce errors by guiding users with helpful notifications and tips served up at the right time. Users will even get alerts from state and local tax jurisdictions directly in RUN, along with instructions on how to address them.

"Anyone who has turned a dream into a business knows that going at it alone or with limited support is tough," said Joe DeSilva, ADP's President of Small Business Services. "Small business owners had the courage to bet on themselves, and to grow in today's dynamic environment, they need resources and support. The new RUN by ADP is that support system; it gives them the data and agility they need to help them be successful in their journeys, all in a new innovative and streamlined experience."

These new tools join popular existing RUN features including RUN & Done, which can help save time by automating the payroll process. RUN can additionally help manage payroll deductions for retirement and insurance plans, and small business owners can post open positions to more than 100 of the web's leading job boards with one click via its integration with ZipRecruiter.

About ADP 
Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people.

Spotlight

Demand variations are also apparent on a regional basis, compounding the imbalance in supply of growth capital across the UK. In 2017 the volume and value of equity received by London-based businesses exceeded that for the rest of the country combined. Angel deals are also concentrated in London and the South East. Increasing such activity in regions outside London and the South East has the potential to help close well-documented imbalances in regional growth.


Other News
FINANCE

Velocity Financial, Inc. Acquires Majority Interest in Century Health & Housing Capital

Velocity Financial, Inc | December 29, 2021

Velocity Financial, Inc., a leading provider of small balance investor loans, today announced it has acquired a majority stake in Century Health & Housing Capital (“Century”). Founded in 1992, Century is a licensed “Ginnie Mae” issuer/servicer that provides government-insured Federal Housing Administration (FHA) mortgage financing for multifamily housing, senior housing and long-term care/assisted living facilities. Century originates loans through its borrower-direct origination channel and services the loans through its in-house servicing platform, which enables the formation of long-term relationships with its clients and drives strong portfolio retention. Century issued $158 million in unpaid principal balance (UPB) of loans for the 11 months ended November 30, 2021, and manages a servicing portfolio in excess of $500 million in UPB. Transaction Highlights: Expands growth opportunities via new products for Velocity’s broker network Capital light, fee-based business diversifies revenue and enhances return on equity Immediately accretive to EPS and ROE with minimal book value impact Stable and durable MSR income due to long term loan characteristics Substantial organic growth opportunity by leveraging Velocity’s national origination footprint Century’s government-insured product focus acts as a natural hedge through market cycles Longer-term opportunity to further expand the product suite The Century acquisition expands Velocity’s commercial mortgage product offerings through growth in a new channel and the ability to offer new products to Velocity’s broker network. The addition of Century is expected to be immediately accretive to Velocity’s earnings with minimal impact to tangible book value. The transaction also diversifies Velocity’s revenue with fee-based origination and servicing income which generates strong returns on capital and is durable through market cycles, in addition to providing the opportunity for Century to leverage Velocity’s technology-driven platform to broaden their Northeast-focused origination footprint. “The entire Century team is pleased to be joining Velocity’s family and we look forward to realizing the opportunities this transaction offers to both companies. Velocity’s national footprint and operational capabilities will significantly expand our ability to grow customer relationships and origination volume.” Kyle Perry, Century’s Chief Executive Officer “We are very excited to partner with a proven leader in Kyle and accelerate the growth of the Century platform in this important lending segment. We believe the long-term demographic trends will be a strong tailwind for the healthcare lending area in particular,” said Chris Farrar, President and Chief Executive Officer. “The ability to offer government-insured products to our brokers will drive incremental origination growth and enables further expansion of our product menu in the future.” About Velocity Financial, Inc. Based in Westlake Village, California, Velocity Financial, Inc. (NYSE: VEL) is a vertically integrated real estate finance company that originates and manages investor loans secured by 1-4 unit residential rental and small commercial properties. Velocity originates loans nationwide across an extensive network of independent mortgage brokers it has built and refined over 17 years. About Century Founded in 1992, Century provides government-insured mortgage financing for the multifamily housing industry, senior living and long-term care facilities and hospitals. Century is an approved Federal Housing Administration (“FHA”) mortgagee and Governmental National Mortgage Association (“Ginnie Mae”) issuer/servicer, including approvals for FHA Multifamily Accelerated Processing (MAP) and LEAN healthcare lender programs. Century also acts as financial advisor for non-FHA insured transactions and will assist in arranging Bridge-to-HUD financing. Century is a relationship driven lender that not only originates, processes, underwrites and funds its own loans, but also services its loans during both the construction and permanent loan stages – enabling it to form long term relationships with clients. Century’s mission is to provide its clients with personalized, responsive, and professional service while focusing on their immediate financing needs and long-term goals.

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IMPACT

Bubblr, Inc Launches Community App Based Licensing Opportunity

Bubblr Inc. | December 22, 2021

Bubblr Inc., an ethical technology company focused on the development of Open Source 3.0 tools for the advancement of a better Internet, today announces another licensing for their Open Source Platform. Two weeks ago, Bubblr announced their first licensing agreement with media company UFF (Ultimate Football Fan). UFF and AFTV (Arsenal Football TV). Now Bubblr is adding the community app-based licensing opportunity as an entirely different marketing channel geared towards helping local communities. Utilizing Bubblr, Inc's open source app templates, a city or a town can build their own community app as a platform for local businesses. Many small businesses already subscribe to single-purpose app platforms. Example market sectors dominated by single-purpose apps include fast-food, hotels/accommodation, restaurants, trades-people and ticketing. These single-purpose apps are typically very costly for small businesses, often involving significant monthly subscriptions combined with a percentage of any sales generated through the apps. The Bubblr open-source app templates make it easy for towns and cities to build multi-purpose community apps for any market sector quickly. Initially, these community apps will operate on a freemium model. Eventually, local businesses will be charged a low-cost monthly subscription fee to be listed on the community app. The community will retain most of the revenue generated by these community apps, with Bubblr, Inc. charging a license fee. These community apps will provide a much needed new revenue source for hard-pressed local services. Bubblr, Inc. are already in negotiation with several candidate towns/cities to become the candidate for their own community app. Bubblr expects to make an announcement for its first community app licensee in January 2022. "All of the back-end development work to provide these community apps has already been completed. We are already in the process of building the open-source community app templates that will be completed by March 2022. From a business point of view, it is a win for all parties involved. Local businesses get a new low-cost marketing channel. Local communities get a new revenue source. Bubblr, Inc. does not have to pick up the high cost of acquisition of the local businesses or local app users." Bubblr, Inc.'s Chief Technology Officer Steve Morris About Bubblr, Inc. Bubblr, Inc. is an ethical technology company focused on mobile-first technology that aims to bring back privacy to users, trust in online content, and sustainability to the digital marketplace. Our mission is to empower developers to join in our commitment to improve the Internet and create a new Ethical Internet Ecosystem (EIE) by leveraging our intellectual property through our open-source platform advanced digital tools that enable the building of fair-forward digital solutions.

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SMALL BUSINESS TRENDS

Sustainable Earth Launches the Small Business Sustainability Awards

Sustainable Earth | April 23, 2022

Sustainable Earth, a collaboration between Arizona State University (ASU) and Wells Fargo, has announced the launch of the Sustainable Earth Small Business Awards (SESBA) to celebrate the innovative solutions small businesses throughout the US are developing to support their communities and the planet. The program will award more than $50,000 in prize money, with individual award amounts up to $5,000, to 15 US small businesses making strides toward a more sustainable future. The award program, which is seeking nominations now through July 1, 2022, is open to any US-based small business and its employees who demonstrate innovation in sustainability. This can include, but is not limited to, the use of renewable energy, water conservation, waste reduction, creating closed-loop systems, increasing equity and accessibility, etc. Solutions may be in development or currently in practice. “The collective efforts and innovative solutions by small businesses and individuals within those organizations are making a profound impact on the future of our earth and communities. Our goal with the Sustainable Earth Small Business Awards is to celebrate those taking action in big and small ways and share their stories so that it may trigger ideas for other businesses and leaders.” Sustainable Earth Program Manager Katelyn Armbruster, M.Ed. Businesses with fewer than 500 employees are invited to share their sustainability stories via video or podcast. Nominations must include a description of the challenge, what solutions were tested and implemented, and what worked, what didn’t, and the outcomes. “Small businesses have long been the backbone of our economy and they have become integral to moving the needle on sustainability,” said Alicia Marseille, Interim Deputy Director, Rob and Melani Walton Sustainability Solutions Service. “This award program honors their hard work and dedication, and perhaps more importantly, will also serve as inspiration for other small businesses wanting to implement sustainability, but may not know where or how to start.” About Sustainable Earth Sustainable Earth, powered by ASU, is a sustainability-, knowledge- and idea-sharing website created to empower individuals, businesses and educators to contribute to a more sustainable tomorrow. The platform provides sustainability information, news and education presented in an approachable format, and includes sustainable-focused micro-courses, educational tools and learning activities, and new research coming out of ASU and other institutions. Sustainable Earth is a collaborative effort, funded by Wells Fargo and developed by Arizona State University (ASU). For more information, visit sustainable-earth.org. About Wells Fargo Wells Fargo & Company is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is the leading middle market banking provider in the U.S.

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FINANCE

National Funding Announces Strategic Growth Investment in Finova Capital

National Funding | March 24, 2022

National Funding, Inc., one of the largest U.S. specialty finance companies serving small- and medium-sized businesses, announced it has made a strategic growth investment in Finova Capital, a business lender focused on merchant finance and the payments industry. National Funding’s significant investment in Finova comes on the heels of market momentum for both financial services companies. Finova Capital will continue to operate as an independent business unit with its current leadership and platform. Finova Capital’s suite of products complements and expands National Funding’s small business loan and working capital funding offerings. With its combined 50+ years of experience in financing and merchant acquiring and one million merchants served, Finova Capital primarily supports ISOs, processors, and POS equipment manufacturers. In addition, it works with partners to build leasing programs that allow merchants to conserve capital while accessing the latest technology. Finova Capital’s suite of services includes point of sale (POS) equipment financing solutions, working capital loans, term loans, and merchant cash advances. “Our significant investment in Finova Capital supports our vision of providing whatever products it takes to help small businesses to succeed. Finova’s leaders mirror National Funding’s commitment to modern technology and trusted relationships, and we are pleased to provide access to banking and liquidity opportunities to support its growth.” National Funding CEO Dave Gilbert “The Finova team greatly appreciates Dave Gilbert’s vote of confidence in our business model, business philosophy, and leadership team. The National Funding investment will allow us to focus on continuous product and platform enhancements that we believe will result in significant value for our merchant clients and referral partners,” said Finova CEO Bob Neagle. About Finova Capital Finova Capital is a new kind of merchant finance partner. The company is backed by decades of experience and is dedicated to transparency and acquirer growth. Founded in New Jersey by best-in-industry merchant finance experts and powered by retention-focused products and acquirer-enabling technology, Finova is quickly building relationships where acquirers and merchants all win. About National Funding, Inc. Founded in 1999, National Funding is a leading U.S. specialty finance company serving small- and medium-sized businesses. The Company’s foundation serves American small business owners by providing funding solutions to meet their needs to reinvest in their day-to-day operations and help them grow. National Funding has provided more than $4.5 billion in working capital and equipment leasing for more than 80,000 small- to medium-sized businesses nationwide. In addition, National Funding’s digital funding process has elevated its digital capabilities by delivering a fast and simple online application.

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Spotlight

Demand variations are also apparent on a regional basis, compounding the imbalance in supply of growth capital across the UK. In 2017 the volume and value of equity received by London-based businesses exceeded that for the rest of the country combined. Angel deals are also concentrated in London and the South East. Increasing such activity in regions outside London and the South East has the potential to help close well-documented imbalances in regional growth.

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