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Innoveo Launches Accelerator for Small Commercial Insurance

Innoveo | March 16, 2023 | Read time : 02:28 min

Innoveo Launches Accelerator for Small Commercial Insurance

On March 15, 2023, Innoveo, a leading provider of no-code technology for insurance enterprises, announced the release of its accelerator for the small commercial insurance space. The accelerator aims to empower insurers to quickly launch and offer personalized insurance to the booming small and medium enterprises (SME) market.

To improve penetration in this flourishing market, the accelerator offers customizable insurance products that allow small businesses to adjust their coverage to their specific needs. The user-friendly digital interface simplifies the insurance purchasing process. At the same time, automated underwriting and real-time data analysis enable enterprises to analyze their risks and make informed decisions about their coverage.

By using this accelerator, innovative insurers can swiftly develop in this burgeoning yet underserved market, increase customer loyalty, and drive informed cross- and up-sell opportunities. Innoveo's Small Commercial Insurance Solution also provides many benefits to small business owners, including streamlined processes, cost savings and improved customer experience.

Small business insurance provides vital financial protection against a wide range of risks, giving business owners peace of mind. A BOP combines commercial liability insurance, commercial property insurance, business interruption insurance, commercial auto insurance, professional liability insurance and worker's compensation insurance.

The Small Business insurance accelerator adds to the leading Innoveo Skye platform, which includes ready-made accelerators and products that can be adjusted and configured to insurer needs. In addition, Innoveo's integrated development environment automates a substantial percentage of the application development process, resulting in 5-10x productivity improvements with up to 75% fewer technical resources.

About Innoveo

Founded in 2007, Innoveo is a leading provider of no-code technology for the insurance industry. The company is headquartered in Zurich, Switzerland, and has offices in New York, Hong Kong, Budapest, and Valencia. Its mission is to empower insurers to rapidly develop and deploy innovative products and services to meet the evolving needs of their customers. Innoveo's no-code platform, Innoveo Skye, allows insurers to quickly build and customize insurance products without extensive coding or technical resources. This enables insurers to quickly bring new products to market and respond to changing market demands. Its solutions have been widely adopted by some of the world's leading insurers, including AIG, Zurich, and Generali. The company has also won numerous awards for its innovative technology and commitment to customer success.

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BILL Unveils the Only Platform for SMBs: Integrating Finance

BILL | September 11, 2023

BILL, a leading in financial automation software provider for small and midsize businesses (SMBs), has announced the introduction of a new BILL Financial Operations Platform for SMBs, which integrates category-leading solutions across accounts receivable (AR), accounts payable (AP), and expense and spend management. With this new launch, BILL is delivering the most extensive capabilities for SMBs to enhance and manage cash flow within a single platform. According to BILL's State of Finance Automation report for 2023, over 80% of respondents believe that automation is essential for managing their finances in order to achieve more strategic business objectives. Bill payment is crucial, but they are also seeking more comprehensive and integrated solutions for managing more of their cash flow. The challenge is that, until recently, many SMBs were required to manage their incoming and outgoing cash flow across disparate systems and applications that are not integrated. With the latest integrated financial operations platform by Bill, SMBs can acquire better real-time business insights into their cash flow. In addition, businesses can optimize their cash flow more effectively with a variety of payment and funding options, such as Pay By Card, international payments, virtual card, the BILL Divvy Corporate Card, and real-time payments like instant transfer. The BILL’s New Financial Operations Platform includes: BILL Accounts Payable automates the complete AP process to simplify invoice entry for SMBs by leveraging data capture and artificial intelligence to streamline approvals. It also offers flexible payment options, enhancing the efficiency and transparency of financial operations. BILL Accounts Receivable automates AR through invoice generation, estimations, payment tracking, and collections, allowing SMBs to be paid quicker via ACH, credit, and debit cards. BILL Spend & Expense is an all-inclusive expense and spend management solution that incorporates free software with corporate cards to offer SMBs customizable control and real-time visibility over their business finances. To simplify the customer experience, Divvy from BILL will now be known as BILL Spend & Expense. The features and capabilities of Divvy, such as setting budgets, monitoring expenses, and gaining access to the credit businesses need to expand, will remain unchanged. Irana Wasti, Chief Product Officer at BILL, mentioned, “By offering ongoing innovation in our platform, BILL continues to revolutionize the way SMBs and accountants use financial automation to succeed. We’ve pioneered a more integrated and exhaustive experience to provide SMBs the ability to enhance and manage their financial operations in one place – assisting them make the right financial decisions so their businesses can thrive.” [Source – Business Wire] About BILL BILL, headquartered in California, is the industry-leading financial operations platform for small and midsized businesses (SMBs). As an advocate for SMBs, the company is automating the future of finance so that businesses can flourish. Its integrated platform enables businesses to more effectively manage their payables, receivables, expenditures, and expenses. Hundreds of thousands of businesses rely on BILL's network of millions of members to pay or get paid faster. BILL is a trusted partner of prominent U.S. financial institutions, accounting software vendors, and accounting firms.

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TECHNOLOGY

Norton Introduces New Small Business Solution with 24/7 Triple-Lock Cybersecurity for Small Teams

PR Newswire | September 29, 2023

Norton, a leading consumer Cyber Safety brand of Gen™ (NASDAQ: GEN), today announced Norton Small Business, the all-in-one cybersecurity solution to help entrepreneurs and small business owners protect their financial futures. While nearly 90%1 of businesses globally are small businesses - 99.9% in the US2 - many lack the means to protect their digital environments. Norton Small Business makes triple-lock protection accessible for small businesses to safeguard their team's online activities, devices and customer data in an easy, all-in-one cybersecurity solution. "Owning a very small business often means each member of the team wears different hats, and usually cybersecurity expert isn't one of them," said Massimo Rapparini, General Manager & Head of Small Business Safety at Gen. "Unfortunately, cybercriminals are aware of this and often target such businesses – more than half (57%) of small businesses experienced a security, data breach or both in 20223. For entrepreneurs and small businesses, falling for just one phishing email can have a devastating impact." Scams Taking Down Small Businesses Small businesses face a barrage of scams and phishing threats, just like consumers. In fact, they are targeted more than large companies. Companies with fewer than 100 employees face an average of 350% more social engineering attacks than larger enterprises4, and according to data from Gen, cyber threats that rely on manipulating people account for 85% of attacks on small businesses in the US. Of these threats, phishing – for example, emails trying to trick you into clicking a link or transferring money – is the most common way cybercriminals try to access small business systems, private data, financials and intellectual property. Businesses with under 10 employees often lack IT support, putting companies at great risk if cybercriminal attacks are successful – and many are. In 2020 alone, there were more than 700,000 attacks against small businesses totaling $2.8 billion in damages5. Norton Small Business helps small businesses disaster-proof their critical data to minimize the risk of financial loss. Entrepreneurs Pursue Financial Freedom Entrepreneurs often start their own businesses in pursuit of financial freedom and invest significant time, energy and personal savings to build their business. In fact, 61% of Gen Z small business owners believe entrepreneurship will lead them to retirement earlier than if they had gone straight to the corporate world6. Yet, small businesses are being heavily targeted by cybercriminals, leaving them at much higher risk of collapsing compared to larger firms when hit by a cyberattack. With heightened risk and so much at stake, it's surprising that about half of businesses with under 50 employees have no cybersecurity budget at all7. The effects of a cyberattack extend beyond financial consequences, and it's time cybersecurity is pushed to the forefront of small business priorities. Setting Up Your One-Person IT Department Norton is your go-to partner to make small business cybersecurity simple with an all-in-one solution that provides 24/7 cybersecurity protection and a variety of features, including: Secure Browser, Password Manager and VPN (virtual private network) to help secure day-to-day online activities Automated PC cleaning and optimization to keep healthier PCs for longer Secure Cloud Backup for PCs to help reduce the risk of loss of business data Software and driver updaters to help keep software up to date, so there are fewer vulnerabilities for cybercriminals to exploit IT coverage and maintenance for up to 20 devices A 100% Virus Protection Promise8 "We've built our small business products and services with the same approach in mind as we do with our consumer portfolio, so entrepreneurs don't need to worry about becoming cybersecurity experts," said Rapparini. "Norton is here to make cybersecurity accessible and easy so they can focus on building thriving businesses." Norton recommends these top 10 tips to protect your small business: Learn tospot signs of phishing andteach your employees Only click links or download attachments from known sources Avoid sharing personal information or private company data over email Alwayskeep your operating system, applications and drivers up-to-date Make sure yourWiFi network is protected with a strong password Regularlyback up your data Require employees to use aVPN when doing company work on a public WiFi network (think airports and coffee shops) Alwaysuse multi-factor-authenticationfor an extra layer of protection Don't neglect mobile devices – make sure they are password protected and use security software Invest in a cybersecurity solution such as Norton Small Business About Norton Norton is a leading Cyber Safety brand of Gen™ (NASDAQ: GEN), a global company dedicated to powering Digital Freedom through its family of trusted consumer brands including Norton, Avast, LifeLock, Avira, AVG, ReputationDefender and CCleaner. Gen empowers people to live their digital lives safely, privately, and confidently today and for generations to come. Gen brings award-winning products and services in cybersecurity, online privacy and identity protection to more than 500 million users in more than 150 countries.

Read More

FINANCE

Nav Revolutionizes SMB Finance with Innovative Platform and Card

Nav Technologies, Inc. | September 13, 2023

On September 12, 2023, Nav, a leading fintech company specializing in serving small and medium-sized businesses (SMBs), unveiled its latest offerings, Nav Prime, along with the Nav Prime Card for small businesses. For Nav, the launch of Nav Prime represents a natural evolution of its financial health platform. Nav distinguishes itself by being the only platform that provides small businesses with a transparent overview of their financing options and pre-qualification insights before they apply. By consolidating credit and financial data from SMBs, Nav aligns their financing eligibility with its network, which comprises over 160 diverse financial products and providers. In this year alone, Nav has facilitated access to financing and funding for more than 100,000 small businesses. Nav Prime emerges as a fully integrated financial management solution tailored for contemporary small businesses. Covering aspects from cash flow monitoring to business credit reporting, banking, deposits, and business card solutions, Nav Prime empowers businesses to streamline both their financial management and enhancement efforts, all within a single platform. Furthermore, the introduction of Nav Prime includes an industry-first innovation, the Nav Prime Card, a business credit-building charge card specifically designed for the SMB sector. Notably, the Nav Prime Card boasts no annual fees and does not necessitate a personal guarantee, thereby preserving users' personal credit ratings. This innovative card also reports spending activities to all three major commercial credit bureaus, allowing users to potentially boost their business credit scores by simply utilizing the card for everyday expenditures. Another distinctive feature of the Nav Prime Card is its flexibility in linking to any pre-existing business checking account of the user's choice, including Nav's own. This sets it apart from other corporate card and expense management fintech solutions that have previously targeted the SMB market. With Nav Prime, Nav has established itself as the singular destination where businesses can enhance their financing eligibility, evaluate the impacts of their actions, and seamlessly access their most advantageous financial options—all within a unified platform. Nav provides invaluable data and insights crucial to a business owner's financial well-being, including their borrowing capacity. For the first time, SMBs gain transparency into their best financing choices and rates, facilitating informed decisions about lenders and funding types that align with their specific business needs. Greg Ott, Chief Executive Officer at Nav, commented, Small business owners have been left in the dark in terms of knowing how lenders see their business. Nav Prime and the unique Nav Prime charge card gives owners a new tool to improve their business' financial qualifications by making their everyday transactions help build their business credit score, and ultimately lead to better working capital options. [Source: PR Newswire] Historically, the fintech industry has often overlooked small businesses, or they have been catered to solely in favorable, low-interest-rate environments. Recent interest rate hikes have prompted several fintech companies to withdraw abruptly from the small business sector, placing the survival of these Main Street businesses at risk. Many of these businesses possess strong creditworthiness with substantial revenue and cash reserves. Nav addresses this gap by empowering small business borrowers to view the same information that lenders see before they seek financing opportunities. This not only improves the likelihood of loan approvals but also reduces the risk of negatively impacting their business credit ratings with major commercial credit bureaus, such as Experian and Equifax. About Nav Nav is a leading fintech company specializing in serving small and medium-sized businesses. It is uniquely positioned as the sole platform that seamlessly integrates financial and credit data to offer small businesses clear insights, expert guidance, and streamlined access to an extensive portfolio of over 100 diverse financing options. The company holds a remarkable track record of assisting over 2 million small businesses in enhancing their financial health and securing vital funding. It leverages authentic business data to precisely align qualifications, empowering small business proprietors to effortlessly identify the most suitable loans, credit cards, banking solutions, and other essential business services tailored to their precise requirements. Nav's exceptional financial health platform provides an integrated view of cash flow and credit insights alongside personalized financing choices, serving as the exclusive destination where small business owners can ascertain their pre-qualification status before initiating the application process.

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BUSINESS STRATEGY

Tarci's New Dynamic Data Suite Transforms Foodservice SMB Strategies

Tarci | September 15, 2023

Tarci, a leading continuous intelligence platform that generates dynamic SMB data, has recently introduced the Tarci for Foodservice data suite. This cutting-edge new series of dynamic data modules is crafted to empower enterprises that cater to SMBs in the food service sector with insights to optimize their sales, marketing, risk management, and client retention strategies. By integrating precise and up-to-date SMB profiles with industry-specific data-driven insights, Tarci provides invaluable support to food and beverage manufacturers and distributors, enabling them to proactively identify both opportunities and potential risks among their current and prospective clients. Within the Tarci for Foodservice suite, the following data modules are presently available: Restaurant with Emerging Needs: New and emerging SMBs engaged in preparing food for immediate consumption. Food & Beverage Retailers: New and emerging specialty food, grocery, and convenience retailers. Licensed Establishments: New and growing SMBs that offer alcohol for on-premise consumption. SMBs with Refreshment Needs: Growing SMBs with 50 or more on-site employees who may be interested in enhancing workplace experiences by offering refreshment perks. Foodservice Risk Management: Enhanced credit term decisions by augmenting existing SMB profiles with business stability, growth, or decline indicators. Tarci's continuous intelligence engine draws from a diverse array of external data sources to craft dynamic SMB profiles, which are updated on a weekly basis. What sets Tarci apart is its proactive approach; it not only monitors these profiles for changes but also analyzes them for emerging trends. This distinctive methodology in parsing and interpreting SMB data accurately mirrors the dynamic nature of the marketplace. With Tarci, clients can seize opportunities and respond to changes in real-time. Tarci's Co-Founder and CEO, Leetal Gruper, commented, With the launch of Tarci for Foodservice, we address the churn challenges in the Foodservice industry. Our real-time insights and dynamic data modules empower businesses to adapt, thrive, and build lasting client relationships with the right SMBs, offering stability and growth in an industry where change is constant. [Source: Cision PR Newswire] About Tarci Tarci is a prominent, continuous intelligence platform that generates dynamic SMB data. Employing a cutting-edge continuous intelligence engine, Tarci consistently collects, analyzes, and translates an extensive array of signals sourced from diverse outlets, effectively transforming vast datasets into actionable insights. The company's impact is felt prominently across customer-facing teams within Fortune 200 corporations, spanning leading financial institutions, insurance entities, and enterprises catering to small and mid-size businesses. Tarci garners support from esteemed backers, including Sound Ventures, Liberty Mutual Strategic Ventures, Global Founders Capital, and strategic investors.

Read More

FINANCE

BILL Unveils the Only Platform for SMBs: Integrating Finance

BILL | September 11, 2023

BILL, a leading in financial automation software provider for small and midsize businesses (SMBs), has announced the introduction of a new BILL Financial Operations Platform for SMBs, which integrates category-leading solutions across accounts receivable (AR), accounts payable (AP), and expense and spend management. With this new launch, BILL is delivering the most extensive capabilities for SMBs to enhance and manage cash flow within a single platform. According to BILL's State of Finance Automation report for 2023, over 80% of respondents believe that automation is essential for managing their finances in order to achieve more strategic business objectives. Bill payment is crucial, but they are also seeking more comprehensive and integrated solutions for managing more of their cash flow. The challenge is that, until recently, many SMBs were required to manage their incoming and outgoing cash flow across disparate systems and applications that are not integrated. With the latest integrated financial operations platform by Bill, SMBs can acquire better real-time business insights into their cash flow. In addition, businesses can optimize their cash flow more effectively with a variety of payment and funding options, such as Pay By Card, international payments, virtual card, the BILL Divvy Corporate Card, and real-time payments like instant transfer. The BILL’s New Financial Operations Platform includes: BILL Accounts Payable automates the complete AP process to simplify invoice entry for SMBs by leveraging data capture and artificial intelligence to streamline approvals. It also offers flexible payment options, enhancing the efficiency and transparency of financial operations. BILL Accounts Receivable automates AR through invoice generation, estimations, payment tracking, and collections, allowing SMBs to be paid quicker via ACH, credit, and debit cards. BILL Spend & Expense is an all-inclusive expense and spend management solution that incorporates free software with corporate cards to offer SMBs customizable control and real-time visibility over their business finances. To simplify the customer experience, Divvy from BILL will now be known as BILL Spend & Expense. The features and capabilities of Divvy, such as setting budgets, monitoring expenses, and gaining access to the credit businesses need to expand, will remain unchanged. Irana Wasti, Chief Product Officer at BILL, mentioned, “By offering ongoing innovation in our platform, BILL continues to revolutionize the way SMBs and accountants use financial automation to succeed. We’ve pioneered a more integrated and exhaustive experience to provide SMBs the ability to enhance and manage their financial operations in one place – assisting them make the right financial decisions so their businesses can thrive.” [Source – Business Wire] About BILL BILL, headquartered in California, is the industry-leading financial operations platform for small and midsized businesses (SMBs). As an advocate for SMBs, the company is automating the future of finance so that businesses can flourish. Its integrated platform enables businesses to more effectively manage their payables, receivables, expenditures, and expenses. Hundreds of thousands of businesses rely on BILL's network of millions of members to pay or get paid faster. BILL is a trusted partner of prominent U.S. financial institutions, accounting software vendors, and accounting firms.

Read More

TECHNOLOGY

Norton Introduces New Small Business Solution with 24/7 Triple-Lock Cybersecurity for Small Teams

PR Newswire | September 29, 2023

Norton, a leading consumer Cyber Safety brand of Gen™ (NASDAQ: GEN), today announced Norton Small Business, the all-in-one cybersecurity solution to help entrepreneurs and small business owners protect their financial futures. While nearly 90%1 of businesses globally are small businesses - 99.9% in the US2 - many lack the means to protect their digital environments. Norton Small Business makes triple-lock protection accessible for small businesses to safeguard their team's online activities, devices and customer data in an easy, all-in-one cybersecurity solution. "Owning a very small business often means each member of the team wears different hats, and usually cybersecurity expert isn't one of them," said Massimo Rapparini, General Manager & Head of Small Business Safety at Gen. "Unfortunately, cybercriminals are aware of this and often target such businesses – more than half (57%) of small businesses experienced a security, data breach or both in 20223. For entrepreneurs and small businesses, falling for just one phishing email can have a devastating impact." Scams Taking Down Small Businesses Small businesses face a barrage of scams and phishing threats, just like consumers. In fact, they are targeted more than large companies. Companies with fewer than 100 employees face an average of 350% more social engineering attacks than larger enterprises4, and according to data from Gen, cyber threats that rely on manipulating people account for 85% of attacks on small businesses in the US. Of these threats, phishing – for example, emails trying to trick you into clicking a link or transferring money – is the most common way cybercriminals try to access small business systems, private data, financials and intellectual property. Businesses with under 10 employees often lack IT support, putting companies at great risk if cybercriminal attacks are successful – and many are. In 2020 alone, there were more than 700,000 attacks against small businesses totaling $2.8 billion in damages5. Norton Small Business helps small businesses disaster-proof their critical data to minimize the risk of financial loss. Entrepreneurs Pursue Financial Freedom Entrepreneurs often start their own businesses in pursuit of financial freedom and invest significant time, energy and personal savings to build their business. In fact, 61% of Gen Z small business owners believe entrepreneurship will lead them to retirement earlier than if they had gone straight to the corporate world6. Yet, small businesses are being heavily targeted by cybercriminals, leaving them at much higher risk of collapsing compared to larger firms when hit by a cyberattack. With heightened risk and so much at stake, it's surprising that about half of businesses with under 50 employees have no cybersecurity budget at all7. The effects of a cyberattack extend beyond financial consequences, and it's time cybersecurity is pushed to the forefront of small business priorities. Setting Up Your One-Person IT Department Norton is your go-to partner to make small business cybersecurity simple with an all-in-one solution that provides 24/7 cybersecurity protection and a variety of features, including: Secure Browser, Password Manager and VPN (virtual private network) to help secure day-to-day online activities Automated PC cleaning and optimization to keep healthier PCs for longer Secure Cloud Backup for PCs to help reduce the risk of loss of business data Software and driver updaters to help keep software up to date, so there are fewer vulnerabilities for cybercriminals to exploit IT coverage and maintenance for up to 20 devices A 100% Virus Protection Promise8 "We've built our small business products and services with the same approach in mind as we do with our consumer portfolio, so entrepreneurs don't need to worry about becoming cybersecurity experts," said Rapparini. "Norton is here to make cybersecurity accessible and easy so they can focus on building thriving businesses." Norton recommends these top 10 tips to protect your small business: Learn tospot signs of phishing andteach your employees Only click links or download attachments from known sources Avoid sharing personal information or private company data over email Alwayskeep your operating system, applications and drivers up-to-date Make sure yourWiFi network is protected with a strong password Regularlyback up your data Require employees to use aVPN when doing company work on a public WiFi network (think airports and coffee shops) Alwaysuse multi-factor-authenticationfor an extra layer of protection Don't neglect mobile devices – make sure they are password protected and use security software Invest in a cybersecurity solution such as Norton Small Business About Norton Norton is a leading Cyber Safety brand of Gen™ (NASDAQ: GEN), a global company dedicated to powering Digital Freedom through its family of trusted consumer brands including Norton, Avast, LifeLock, Avira, AVG, ReputationDefender and CCleaner. Gen empowers people to live their digital lives safely, privately, and confidently today and for generations to come. Gen brings award-winning products and services in cybersecurity, online privacy and identity protection to more than 500 million users in more than 150 countries.

Read More

FINANCE

Nav Revolutionizes SMB Finance with Innovative Platform and Card

Nav Technologies, Inc. | September 13, 2023

On September 12, 2023, Nav, a leading fintech company specializing in serving small and medium-sized businesses (SMBs), unveiled its latest offerings, Nav Prime, along with the Nav Prime Card for small businesses. For Nav, the launch of Nav Prime represents a natural evolution of its financial health platform. Nav distinguishes itself by being the only platform that provides small businesses with a transparent overview of their financing options and pre-qualification insights before they apply. By consolidating credit and financial data from SMBs, Nav aligns their financing eligibility with its network, which comprises over 160 diverse financial products and providers. In this year alone, Nav has facilitated access to financing and funding for more than 100,000 small businesses. Nav Prime emerges as a fully integrated financial management solution tailored for contemporary small businesses. Covering aspects from cash flow monitoring to business credit reporting, banking, deposits, and business card solutions, Nav Prime empowers businesses to streamline both their financial management and enhancement efforts, all within a single platform. Furthermore, the introduction of Nav Prime includes an industry-first innovation, the Nav Prime Card, a business credit-building charge card specifically designed for the SMB sector. Notably, the Nav Prime Card boasts no annual fees and does not necessitate a personal guarantee, thereby preserving users' personal credit ratings. This innovative card also reports spending activities to all three major commercial credit bureaus, allowing users to potentially boost their business credit scores by simply utilizing the card for everyday expenditures. Another distinctive feature of the Nav Prime Card is its flexibility in linking to any pre-existing business checking account of the user's choice, including Nav's own. This sets it apart from other corporate card and expense management fintech solutions that have previously targeted the SMB market. With Nav Prime, Nav has established itself as the singular destination where businesses can enhance their financing eligibility, evaluate the impacts of their actions, and seamlessly access their most advantageous financial options—all within a unified platform. Nav provides invaluable data and insights crucial to a business owner's financial well-being, including their borrowing capacity. For the first time, SMBs gain transparency into their best financing choices and rates, facilitating informed decisions about lenders and funding types that align with their specific business needs. Greg Ott, Chief Executive Officer at Nav, commented, Small business owners have been left in the dark in terms of knowing how lenders see their business. Nav Prime and the unique Nav Prime charge card gives owners a new tool to improve their business' financial qualifications by making their everyday transactions help build their business credit score, and ultimately lead to better working capital options. [Source: PR Newswire] Historically, the fintech industry has often overlooked small businesses, or they have been catered to solely in favorable, low-interest-rate environments. Recent interest rate hikes have prompted several fintech companies to withdraw abruptly from the small business sector, placing the survival of these Main Street businesses at risk. Many of these businesses possess strong creditworthiness with substantial revenue and cash reserves. Nav addresses this gap by empowering small business borrowers to view the same information that lenders see before they seek financing opportunities. This not only improves the likelihood of loan approvals but also reduces the risk of negatively impacting their business credit ratings with major commercial credit bureaus, such as Experian and Equifax. About Nav Nav is a leading fintech company specializing in serving small and medium-sized businesses. It is uniquely positioned as the sole platform that seamlessly integrates financial and credit data to offer small businesses clear insights, expert guidance, and streamlined access to an extensive portfolio of over 100 diverse financing options. The company holds a remarkable track record of assisting over 2 million small businesses in enhancing their financial health and securing vital funding. It leverages authentic business data to precisely align qualifications, empowering small business proprietors to effortlessly identify the most suitable loans, credit cards, banking solutions, and other essential business services tailored to their precise requirements. Nav's exceptional financial health platform provides an integrated view of cash flow and credit insights alongside personalized financing choices, serving as the exclusive destination where small business owners can ascertain their pre-qualification status before initiating the application process.

Read More

BUSINESS STRATEGY

Tarci's New Dynamic Data Suite Transforms Foodservice SMB Strategies

Tarci | September 15, 2023

Tarci, a leading continuous intelligence platform that generates dynamic SMB data, has recently introduced the Tarci for Foodservice data suite. This cutting-edge new series of dynamic data modules is crafted to empower enterprises that cater to SMBs in the food service sector with insights to optimize their sales, marketing, risk management, and client retention strategies. By integrating precise and up-to-date SMB profiles with industry-specific data-driven insights, Tarci provides invaluable support to food and beverage manufacturers and distributors, enabling them to proactively identify both opportunities and potential risks among their current and prospective clients. Within the Tarci for Foodservice suite, the following data modules are presently available: Restaurant with Emerging Needs: New and emerging SMBs engaged in preparing food for immediate consumption. Food & Beverage Retailers: New and emerging specialty food, grocery, and convenience retailers. Licensed Establishments: New and growing SMBs that offer alcohol for on-premise consumption. SMBs with Refreshment Needs: Growing SMBs with 50 or more on-site employees who may be interested in enhancing workplace experiences by offering refreshment perks. Foodservice Risk Management: Enhanced credit term decisions by augmenting existing SMB profiles with business stability, growth, or decline indicators. Tarci's continuous intelligence engine draws from a diverse array of external data sources to craft dynamic SMB profiles, which are updated on a weekly basis. What sets Tarci apart is its proactive approach; it not only monitors these profiles for changes but also analyzes them for emerging trends. This distinctive methodology in parsing and interpreting SMB data accurately mirrors the dynamic nature of the marketplace. With Tarci, clients can seize opportunities and respond to changes in real-time. Tarci's Co-Founder and CEO, Leetal Gruper, commented, With the launch of Tarci for Foodservice, we address the churn challenges in the Foodservice industry. Our real-time insights and dynamic data modules empower businesses to adapt, thrive, and build lasting client relationships with the right SMBs, offering stability and growth in an industry where change is constant. [Source: Cision PR Newswire] About Tarci Tarci is a prominent, continuous intelligence platform that generates dynamic SMB data. Employing a cutting-edge continuous intelligence engine, Tarci consistently collects, analyzes, and translates an extensive array of signals sourced from diverse outlets, effectively transforming vast datasets into actionable insights. The company's impact is felt prominently across customer-facing teams within Fortune 200 corporations, spanning leading financial institutions, insurance entities, and enterprises catering to small and mid-size businesses. Tarci garners support from esteemed backers, including Sound Ventures, Liberty Mutual Strategic Ventures, Global Founders Capital, and strategic investors.

Read More

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