Category Archives: Business: Executives

News for Business Executives, current, trending, fresh , Press Releases about whats currently happening in the Business Place for executives.

TPx Communications Announces New Channel Leadership Change


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“TPx is opening up a new chapter in its long and successful narrative of growth and partnership, and we’re delighted to have Jim expanding the great relationships he has across the channel.”

TPx Communications, the premier managed services provider, whose award-winning product line includes unified communications, contact center, managed security, managed WAN, other managed IT services, and network connectivity solutions, today announced that Jim Delis will assume expanded responsibility as Senior Vice President in charge of TPx’s Partner channel across all regions.

For more than two decades, TPx has delivered critical communications services to business, government, and not-for profit customers, today serving approximately 25,000 enterprises with more than 50,000 locations across the United States.

“The Channel is tremendously important to TPx,” said Greg Daily, TPx’s new Chief Revenue Officer, who leads the company’s sales organization. “It accounts for more than half of our sales and having Jim take complete responsibility for our agents ensures that we can bring enhanced focus, accountability, and resources to those all-important relationships.”

For the past year and a half, Delis has led TPx’s national channel development and Eastern sales organizations. Prior to joining TPx, he was Senior Vice President, Partner Channel at Time Warner Cable Business Class, where he was responsible for the growth of agent and value-added reseller (VAR) partnerships in telecommunications and cloud services. He brings more than 25 years of sales and marketing leadership to his expanded role.

Delis’ broader responsibility comes in conjunction with the completion of TPx’s acquisition by affiliates of Siris Capital Group LLC (“Siris”), also announced today. As part of a reorganization of the executive ranks, Ken Bisnoff, a long-time leader of TPx’s channel business, is leaving the company to pursue new opportunities.

The leadership change is part of a broader refocusing of TPx that is reshaping the company for accelerating success in a solutions-centric managed services world.

“TPx is opening up a new chapter in its long and successful narrative of growth and partnership, and we’re delighted to have Jim expanding the great relationships he has across the channel,” said Joe Cozzolino, TPx Executive Chairman of the Board and interim CEO. “He is a key member of my leadership team. Together, we’re committed to quickly bringing additional resources and improved systems and processes to the channel to enable our partners’ and customers’ success.”

About TPx

Founded in 1998, TPx is a leading provider of UCaaS, Managed IT services and Managed Connectivity services, with approximately 25,000 customers with more than 50,000 customer locations across the U.S. TPx has best-in-class customer service embedded in its corporate DNA, offering guaranteed performance to all customers wherever there’s a broadband connection. TPx customers serve every business sector and include many government and not-for-profit enterprises. For more information, visit http://www.tpx.com or follow @TPxComm on Twitter.

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Dropsuite Builds on the Success of its Ingram Micro Relationship to Accelerate Global Channel Growth


Dropsuite (ASX:DSE), a leading cloud data backup and archiving platform for businesses, today announced it has expanded and strengthened its relationship with Ingram Micro Inc., the largest distributor of information technology products in the world, and Ingram Micro Cloud. As part of the expanded agreement, Dropsuite is building on its success with Ingram Micro Cloud and now integrates with Ingram Micro Connect, a supply automation platform that manages products and services, contracts, ordering and fulfillment, usage and subscriptions. The new integration makes it even easier for resellers to trial, order and provision Dropsuite’s signature products like Cloud Backup and Archiving for Office 365 and Website Backup.

IDC claims worldwide data will grow 61% to 175 zettabytes by 2025, with as much of the data residing in the cloud as in data centers. With data threats such as phishing attacks, employee theft, ransomware and even accidental deletion on the uptick, many organizations are expanding their data security toolkit by deploying cost-effective backup and archiving solutions in the cloud.

Dropsuite Backup and Archiving for Office 365 is a scalable and secure sway to store copies of business communications in the cloud, with advanced search tools that can help any business find or restore data on demand. Microsoft applications that are safeguarded include Exchange Online, SharePoint, OneDrive, Groups and Teams. Dropsuite’s multi-tenant management console and advanced product features such as eDiscovery, GDPR Responder and Insights BI empower administrators to manage all data protection efforts efficiently and effectively.

Dropsuite Website Backup empowers customers to fight back against cyberthreats by automatically securing copies of their websites and databases in the cloud, ensuring that victimized websites can be brought back to life — anytime, from anywhere. Dropsuite’s easy-to-use user experience (UX) and military-grade security has catapult-ed the Dropsuite Website Backup product into a leadership position amongst professional website security vendors.

Dropsuite capabilities now available on Ingram Micro Connect include:

  • Dropsuite’s fully managed, multi-tenant Office 365 backup and archiving solution
  • Dropsuite’s fully managed, multi-tenant Office 365 website backup solution
  • Free NFR licenses for internal testing within the reseller
  • Ability to manage customer support tickets for seamless technical support
  • 24/7 access to the Dropsuite Cloud Reseller Portal


“In today’s business environment of growing cyber threats, automated data backup and archiving solutions including those offered by Dropsuite are what many of our global partners are asking for and deploying to safeguard their clients,” said Tim FitzGerald, vice president, North America marketing and sales, Ingram Micro Cloud. “Dropsuite’s relentless focus on improving the user experience and commitment to long-term partner success are business values we share — and are proud to enhance and promote within Ingram Micro Connect.”

“Being ‘Ingram Micro Connect ready’ means that our global partners can more easily safeguard their customers’ data,” said Ridley Ruth, COO, Dropsuite. “Enabling and managing Dropsuite backup, archiving and restore capabilities are now just a few clicks away.”

About Ingram Micro Cloud

At Ingram Micro Cloud™ we view cloud not just as a single technology, but as a foundational platform to run and drive a whole new way of doing business. By leveraging our platforms and ecosystem, cloud service providers, telecom companies, resellers and enterprises can quickly transform and get up and running in the cloud within minutes, with little to no investment. Our portfolio includes vetted security, communication and collaboration, business applications, cloud management services and infrastructure solutions designed to help clients monetize and manage the entire lifecycle of cloud and digital services, infrastructure and IoT subscriptions. For more information, please visit http://www.ingrammicrocloud.com.

About Ingram Micro Inc.

Ingram Micro helps businesses Realize the Promise of Technology™. It delivers a full spectrum of global technology and supply chain services to businesses around the world. Deep expertise in technology solutions, mobility, cloud, and supply chain solutions enables its business partners to operate efficiently and successfully in the markets they serve. Unrivaled agility, deep market insights and the trust and dependability that come from decades of proven relationships, set Ingram Micro apart and ahead. More at http://www.ingrammicro.com

About Dropsuite

Dropsuite Limited (ASX: DSE) is a global cloud software platform that provides cloud backup, eDiscovery, archiving and recovery solutions delivered at scale to power business defense. Dropsuite’s network of preferred reseller partners has a combined customer reach of millions of businesses worldwide. Dropsuite has partnered with some of the biggest names in the web hosting and IT service provider markets such as STRATO (Germany), Ingram Micro (USA), Pax8 (North America) UOL (Brazil) and ALSO (EU) to safeguard businesses from the threat of unexpected data loss. Dropsuite was founded in 2012 and is headquartered in Singapore. Dropsuite Delivers™. https://dropsuite.com

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EA Markets Adds Head of Business Development David Greenberg


EA Markets LLC, an independent investment bank providing capital arranging and financial advisory services, announced today the addition of David Greenberg as Head of Business Development for the firm.

Mr. Greenberg brings more than twenty-five years of experience in corporate finance and derivatives products to EA Markets. He will be responsible for expanding EA’s relationships by introducing corporations and private equity firms to EA’s unique capabilities in the capital markets in areas ranging from bank loans, direct placements, derivatives and securitizations through debt and equity securities underwriting.

Mr. Greenberg began his investment banking career with Barclays and has held senior investment banking positions with J.P. Morgan and Deutsche Bank. Most recently, he founded C-Suite Associates, an independent capital markets advisory firm.

“David combines broad capital markets experience across a variety of industries with a comprehensive view of corporate finance strategies and tools,” commented Reuben Daniels, founder and Managing Partner of EA Markets. “He will extend our reach so that we can help more clients achieve their capital markets objectives.”

About EA Markets LLC (http://www.eamarkets.com)

EA Markets is an independent investment bank focused on arranging capital. EA has raised over $100 billion dollars in debt and equity financing for public corporations and private equity portfolio companies. Our corporate finance professionals are highly experienced in executing syndicated loans, direct placements and securities underwriting transactions. For more information about EA, visit the website at http://www.eamarkets.com.

Securities activities conducted by EA Markets Securities LLC member FINRA & SIPC.

Contact: Joe Hoban

646-415-6143

http://www.eamarkets.com

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David Peltz Promoted to Chief Executive Officer at Joel Isaacson & Co.


Joel Isaacson & Co. LLC (“JICO”), a leading wealth management advisor specializing in financial planning, investment management and tax strategies, announced today that David Peltz was promoted to Chief Executive Officer of JICO, effective February 1, 2020. Joel Isaacson, founder of JICO, will continue as Chairman, guiding the leadership team, working with clients and mentoring advisors as the company continues to grow.

Peltz has been with JICO for eighteen years, and was made a partner in 2012. In addition to his primary role as a wealth advisor, Peltz will assume additional management and leadership responsibilities as CEO, supported by a team of tenured professionals at the firm. Peltz is also a board member and treasurer of The Possibility Project, a not-for-profit organization which uses community action and the performing arts to empower teenagers to take positive actions in their lives and communities.

Isaacson and his partners founded JICO in 1993. Today the firm is ranked as one of the top wealth advisors in the U.S. by Barron’s, The Financial Times, Accounting Today, Forbes Inc., Worth Magazine and many other publications. Isaacson is considered a pioneer and leader in the industry and has served on the National Board of Directors of the National Association of Personal Financial Advisors, and is frequently quoted by the Wall Street Journal, New York Times, Business Week and Fortune. He also serves as Chairman of the Board of AHRC New York City Foundation.

“I am thrilled to appoint David as CEO, this is the next step in the growth of our business,” said Isaacson. “David enables us to expand our leadership team based on a set of shared values, with no disruption to our clients. He embodies outstanding client service and has been integral to growing our reputation as a market leader. I know he will do a great job in his new role and I am excited about JICO’s future under our shared leadership.”

“I am honored to assume the role of CEO,” said Peltz. “There is no better time to lead JICO. We have a deep bench of advisors with long tenure at the firm. This tremendous team of people will help us to capitalize on the many opportunities we have before us for the benefit of our clients. I look forward to serving my clients as I always have, while maintaining a close working relationship with Joel and our Partners Stan Altmark, Marty Stein, Lee Steinmetz and Robert Paul, along with all our talented employees.”

About Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC (“JICO”) is a leading wealth management advisor based in New York City. JICO serves high net worth individuals and families, as well as business owners, executives and entrepreneurs looking to grow their wealth through a combination of sophisticated planning, investment management and integrated tax strategies. The firm works on a fee-only basis to support its sole objective of helping its clients grow and protect their wealth. JICO is a partner firm of Focus Financial Partners Inc, a leading partnership of independent, fiduciary wealth management firms. For information on JICO, please visit http://www.joelisaacson.com.

For more information please contact:

Tina Madon

Tel: (646) 813-2909

tmadon@focuspartners.com

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Spirion Expands Executive Team to Strengthen Position in Data Privacy Management Market


Spirion

“Thanks to our obsession with protecting data privacy, Spirion has experienced exceptional growth by reducing the technical complexity commonly associated with data privacy and making it more manageable for organizations of all sizes.”

Spirion, a pioneer in building solutions that enable companies around the globe to take the critical first step towards data security and privacy, today announced that it has expanded its executive team, adding five senior data security and technology leaders to advance the development of its data privacy management framework. Spirion’s new executive leadership includes Michael Scott previously from The Wendy’s Company as Chief Privacy and Security Officer; Stanley Curtis from Pilgrim Quality Solutions as Executive Vice President of Development; Scott Giordano from Robert Half Legal as Vice President and Senior Counsel, Privacy and Compliance; Jennifer Holtvluwer from Alcatel-Lucent Enterprise as Vice President of Demand Marketing; and Tom Palomaki from LogRhythm as Senior Vice President of Sales.

These leadership appointments follow the recent appointment of Kevin Coppins as President and CEO, accompanied by a $20 million investment by The Riverside Company, Spirion’s private equity owner. Under the strategic guidance of Coppins, Spirion is using its latest funding to accelerate the development of products that strengthen its data privacy management framework.

“Thanks to our obsession with protecting data privacy, Spirion has experienced exceptional growth by reducing the technical complexity commonly associated with data privacy and making it more manageable for organizations of all sizes,” stated Coppins. “The addition of Mike, Stanley, Scott, Jennifer and Tom to our leadership team and the important depth of expertise they bring across data privacy, compliance and enterprise software further strengthens our ability to develop distinct security features that will continue to position Spirion ahead of the curve when it comes to trusted and effective data privacy management.”

Spirion’s new executives include:

Michael Scott, Chief Privacy and Security Officer

Michael Scott is an information security leader with more than 20 years of experience providing scalable and secure solutions for global organizations. Most recently, he held the positions of Chief Information Security Officer for The Wendy’s Corporation; Executive Director, Office of the CISO with Optiv, Inc., a security solutions integrator that delivers end-to-end cybersecurity services globally; and Digital Security Services Leader with NCR Corporation where he built and managed security solutions for the retail, hospitality, and banking industries. Previously, he served as the Global Information Security Manager for Verint.

Stanley Curtis, Executive Vice President, Development

Stanley Curtis has more than 30 years of experience overseeing the development of enterprise software and hardware solutions for high-tech companies, including those in healthcare and life sciences. Most recently, Curtis was CTO of Pilgrim Quality Solutions, where he led the development of enterprise quality management software for the life sciences industry, including medical device and pharmaceutical companies. Previously, he held executive positions leading the development of enterprise software for healthcare companies, including MTS Medication Technologies, McKesson Provider Technologies, and Kronos.

Curtis holds a graduate certificate in information assurance and cybersecurity from the Florida Institute of Technology and a bachelor’s degree in physics from Old Dominion University. He also attended the AEA/Stanford Executive Institute at Stanford University.

Scott M. Giordano, Vice President and Senior Counsel, Privacy and Compliance

Scott M. Giordano, Esq., is an attorney with more than 20 years of legal, technology, and risk management consulting experience. An IAPP Fellow of Information Privacy and a Certified Information Security Systems Professional (CISSP), Giordano serves as Spirion’s subject matter expert on multinational data protection and its intersection with technology, export compliance, internal investigations, information governance, and risk management. Before joining Spirion, he served as Director, Data Protection for Robert Half Legal and established the global privacy program for Esterline Technologies Corporation. Giordano has held senior positions at several legal technology firms, holds a patent for Intelligently Searching of Electronically Stored Information, and taught the first law school course on electronic evidence and e-discovery.

Giordano is a member of the bar in Washington state, California, and the District of Columbia. He holds a master’s degree in economic crime management from Utica College, a Juris Doctor and MBA from Santa Clara University, and a bachelor’s degree in business administration from California State University, Long Beach.

Jen Holtvluwer, Vice President of Demand Marketing

Jen Holtvluwer has more than 20 years of senior marketing and business development experience with success creating compelling stories that impact audiences and ensure a customer-focused approach to business opportunities. Most recently, she served as Senior Director of Marketing and Inside Sales for Alcatel-Lucent Enterprise and as Head of Marketing and Business Development with Cherwell Software. Previously, Holtvluwer held senior marketing positions with BMC Software, Pilgrim Quality Solutions, and Dover Corporation.

Holtvluwer holds a master’s degree in communications from Grand Valley State University and a bachelor’s degree in communications from Hope College. She is a board member of AA-ISP (American Association of Inside Sales Professionals).

Tom Palomaki, Senior Vice President of Sales

Tom Palomaki has over 25 years of executive sales, services and support leadership, channel partnership, and operations experience in the software industry. Before joining Spirion, he held leadership roles with Novell, Fortinet, BDNA, Flexera, and LogRhythm. Throughout his career, Tom has successfully built high-performing sales teams that help customers address complex business problems with technology.

Palomaki holds an MBA in information systems from The Simon School of Business at the University of Rochester and a bachelor’s degree in business from Cornell University.

About the Data Privacy Management Framework

Spirion’s comprehensive data privacy management framework includes data privacy, compliance and behavior analytics solutions that protect customers by enabling them to accurately discover and classify sensitive data, understand the data within the context of their business, and then take actions to control that data so they can operate with minimal friction and comply with laws and regulations built to protect the personal data privacy of individuals.

About Spirion

Spirion (http://www.spirion.com) is a pioneer in designing the critical first step of data security and privacy through its data discovery, persistent classification, and behavior software and services. Since 2006, thousands of organizations across all industries worldwide have reduced their sensitive data footprint and proactively minimized the risks, costs, and reputational damage of successful cyberattacks and regulatory violations. The company was recently ranked by CIOReview magazine as one of the “20 Most Promising Compliance Technology Solution Providers of 2019,” an annual listing of 20 companies that are at the forefront of providing compliance technology solutions and transforming businesses.

Twitter: @Spirion

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Spirion is a registered trademark of Spirion Software. All other trademarks and registered trademarks are the property of their respective owners.



DHJJ Financial Advisors Welcomes Samantha Bonamassa As Chief Compliance Officer


Our team here understands the importance of paying attention to the details of their clients’ lives in order to offer the best approach.

DHJJ Financial Advisors welcomes Samantha Bonamassa as the firm’s new Chief Compliance Officer. Due to significant growth of the firm, Samantha will be taking over this role in a full-time capacity from Managing Principal Paul Minta who served as the firm’s CCO for the past 14 years in addition to his role as an investment advisor.

“We are so pleased to have Samantha join DHJJ Financial Advisors as our new CCO,” Managing Principal Paul Minta said. “Her professionalism and expertise in the RIA compliance area will make her a valuable part of our financial advisory team.”

As Chief Compliance Officer, Samantha is responsible for ensuring that DHJJ Financial Advisors maintains a culture of compliance and abides by the rules and regulations as set forth by the Securities and Exchange Commission.

Samantha has extensive experience in providing carefully tailored compliance programs and proactive compliance consulting services to registered and non-registered investment advisors, venture capital firms, hedge funds, private equity firms, and other financial entities.

“I am so excited to be a part of the team at DHJJ Financial Advisors and am very much looking forward to working with such a dynamic financial advisory firm,” new CCO Samantha Bonamassa said. “Our team here understands the importance of paying attention to the details of their clients’ lives in order to offer the best approach.”

Samantha earned her B.A., cum laude, from the University of Florida and her J.D. from Ave Maria School of Law. She is an attorney admitted to the Bar in both Illinois and Florida, and is an active member of Chicago Financial Women, Association for Corporate Growth, and several other organizations in Chicago.

About DHJJ Financial Advisors

DHJJ Financial Advisors, a registered investment advisory firm, provides investment and financial planning services to clients. DHJJ Financial Advisors focuses on working with individuals, families, trusts, and retirement plans alongside our affiliate DHJJ Certified Public Accountants and Business Advisors. Our Certified Financial Planners™ are also Certified Public Accountants able to overlap their expertise in investment management, financial planning, and income tax planning to provide their clients with unique solutions to their financial challenges. For more information, visit http://www.dhjjfinancial.com.

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Evoke Consulting Names Joshua Rubin Chief Growth Officer


Evoke Consulting, a top provider of management consulting, information technology and business services to the federal government, is proud to announce Joshua Rubin as its new Chief Growth Officer. With his appointment, Mr. Rubin will have responsibility for leading Evoke’s growth strategy, marketing the firm’s strategic capabilities, and overseeing the business development, capture and proposal lifecycle. As a member of the executive leadership team, he will play a key role in the company’s initiatives to strengthen its position with core customers and expand into new markets.

Prior to joining Evoke, Mr. Rubin spent over fourteen years at Sevatec, Inc., building an impressive portfolio of high-value and sought-after contracts across the Federal Civilian and National Security markets.

“This hire changes the game for Evoke. Josh has proven his ability to successfully build and execute a pipeline that results in large scale growth. This enables Evoke to continue to invest in our most important assets, our employees and customers,” Evoke Managing Partner Greg Blaisdell states. “Josh will bring invaluable experience and strategies that accelerate Evoke’s transition out of small business, while ensuring we retain our employee and customer-centric culture.”

Mr. Rubin’s leadership and drive to develop a robust and mature new business pipeline produced significant wins and revenue growth throughout his career. “We are ecstatic to add Josh to our leadership team,” Evoke Managing Partner Jim Loreto said. “Hiring a Chief Growth Officer substantiates Evoke’s commitment to expanding our ability to reach customers and create more opportunities for our employees. This is a force multiplier that will impact the company for years to come.”

About Evoke

Evoke Research and Consulting LLC is a Service-Disabled Veteran-Owned Small Business that provides professional services and technology support in management, organizational improvement, and technology and engineering services. Evoke is an ISO 9001:2008, ISO 20000, CMMIDEV/3SM and CMMISVC/3 SM Certified Management Consulting firm headquartered in Arlington, Virginia. evokeconsulting.com.

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Radius Bank Appoints Grant Skeens as Executive Vice President and National Director of Government Guaranteed Lending


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Radius Bank, an industry-leading digital bank, announced today that Grant Skeens has joined the company as Executive Vice President and National Director of Government Guaranteed Lending (GGL). In this role, Skeens brings his nearly 25 years of experience as a senior banking and financial services executive to oversee Radius’ participation in 7a, 504, and USDA’s B&I loan programs.

Prior to joining Radius, Skeens was the Chief Executive Officer of Security National Automotive Acceptance Company. He also spent five years with USAA Federal Savings Bank, one of the 30 largest banks in the U.S., where he served as head of USAA’s $12.5 billion consumer lending business before being promoted to Chief Operating Officer. Skeens also held executive roles at KeyBank and GE Capital.

“Grant has demonstrated an impressive track record of profitability growing and improving businesses and acting as a catalyst for bottom-line results,” says President and CEO, Mike Butler. “His breadth of knowledge across marketing, financial management, operations, human capital development and more will be a perfect complement to the highly experienced GGL team in place and accelerate the expansion plans of the business. Grant will be an excellent complement to our Executive team.”

Skeens received his MBA in Finance and Marketing from the University of Chicago Booth School of Business, and his bachelor’s degree in Finance from the University of Illinois-Urbana. He is a member of the Board of Directors of PayLink Direct, a private equity-backed financial services firm.

Grant will be working for the Bank from Chicago, IL and will be interfacing with the rest of the executive leadership team based in Boston, MA.

To learn more about Radius Bank, visit http://www.radiusbank.com.

About Radius Bank

With assets of approximately $1.4 billion, Radius Bank is a forward-thinking digital bank committed to providing a full complement of accounts and services to meet the banking needs of consumers and businesses nationwide. Radius provides the product depth of a national brand, the technology of a fintech, and the personalized attention typically reserved for a local bank to consumers, small and middle market businesses, unions, government entities and non-profit organizations. The Bank’s award-winning digital banking platform allows consumer clients to bank from anywhere with a computer or mobile device and provides convenient features such as check deposit, bill pay, card management, and a personal financial management dashboard. Business clients enjoy a wide array of award-winning deposit products, advanced treasury management services, and loan and payment solutions. In addition, Radius’ suite of open APIs deliver a robust banking-as-a-service (Baas) platform for fintechs to quickly access core banking features and build best-in-class financial solutions. Radius specializes in partnering with forward-thinking fintechs to provide white-label deposit products, cards, digital onboarding, and account management. Radius Bank is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender. For further information, visit the Bank’s website at radiusbank.com, or follow the Bank on Twitter, LinkedIn, Facebook, and Instagram.

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Nacha to Recognize Nearly 300 New Recipients of the Accredited ACH Professional Credential During National AAP Recognition Day on Feb. 11


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We celebrate the achievements and contributions of AAPs nationwide as they work with financial institutions, fintechs, processors and businesses to enhance their payments processes, maintain sound payments practices, and ensure compliance with regulations.

In honor of National AAP Recognition Day, Nacha will recognize 292 newly credentialed Accredited ACH Professionals who passed the 2019 AAP exam, as well as more than 4,600 professionals who currently hold the credential.

To become an AAP, individuals must pass a comprehensive exam that is administered by Nacha each fall. The exam tests an individual’s knowledge of subjects including the Nacha Operating Rules, the ACH Network and other payment systems, technical and operational ACH requirements, risk management, and payments-related regulations.

“The AAP accreditation establishes an individual’s professional competency and expertise within the payments industry,” said Stephanie Prebish, AAP, CTP, Association Services senior director & group manager at Nacha.

“These highly skilled payments professionals are part of an elite group, and it is our honor to congratulate them on their special day. We celebrate the achievements and contributions of AAPs nationwide as they work with financial institutions, fintechs, processors and businesses to enhance their payments processes, maintain sound payments practices, and ensure compliance with regulations,” Prebish said.

Nacha, with its member Payments Associations and more than 2,000 organizations with AAPs on staff, will celebrate National AAP Recognition Day, which is commemorated annually on the second Tuesday of February. The day honors recently credentialed and current AAPs.

In Washington, D.C., Nacha and the Payments Associations will fly an American flag over the U.S. Capitol. The flag then will be awarded to an AAP at an annual reception, sponsored by the Center for Payments, at the Smarter Faster Payments 2020 conference, which will be held April 19-22 in Washington, D.C.

To learn more about the AAP program, visit http://www.nacha.org/accredited-ach-professional.

About Nacha

Nacha is a nonprofit organization that convenes hundreds of diverse organizations to enhance and enable ACH payments and financial data exchange within the U.S. and across geographies. Through the development of rules, standards, governance, education, advocacy, and in support of innovation, Nacha’s efforts benefit all stakeholders. Nacha is the steward of the ACH Network, a payment system that universally connects all U.S. bank accounts and facilitates the movement of money and information. In 2019, 24.7 billion payments and nearly $56 trillion in value moved across the ACH Network. Nacha also leads groups focused on API standardization and B2B payment enablement. Visit Nacha.org for more information, and connect with us on LinkedIn, Twitter, Facebook and YouTube.

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RAIN Group Releases Results from Global Study on Sales Negotiation


RAIN Group

Top Performers are 1.7x more likely to find coming in high on price and negotiating down a very effective approach vs. coming in at core price and holding firm.

RAIN Group, a global sales training company, announced today that its research division released key findings from its newest global study Top Performance in Sales Negotiation.

Spearheaded by the RAIN Group Center for Sales Research, the group of analysts studied responses from 264 sellers and 449 buyers (247 business buyers and 202 procurement and purchasing professionals) representing $2.59 billion in annual purchases in over 26 industries across the Americas, EMEA, and APAC.

“Negotiation is different than it was even just a decade ago. We wanted to better understand the factors influencing negotiation outcomes, the tactics used by both sellers and buyers, and to learn what works and what doesn’t in negotiations today,” said Mike Schultz, president of RAIN Group and director of the Center for Sales Research.

The study looked at what top performers in sales negotiation do differently from the rest, negotiation tactics used by both buyers and sellers, what buyers want, the role of price, and the impact of negotiation training.

Schultz added, “We studied major factors that affect negotiations such as how prepared a seller is, to what degree the buyer is price sensitive, seller understanding of power and leverage as well as negotiation tactics. What we found is fascinating.”

Below are a few discoveries from the study:

Top Performance in Sales Negotiation

  • Top Performers are 3.1x more likely than The Rest to achieve their pricing target.
  • Top Performers are 12.5x more likely than The Rest to be very satisfied with the outcome of the negotiation.
  • Top Performers are 3.5x more likely than The Rest to be extremely confident participating in negotiations.

Negotiation Success Factors and Tactics

  • Buyers find a wide variety of the negotiation tactics they use with sellers effective from 63% to 85%.
  • The #1 factor most separating Top Performers from The Rest is understanding the power and leverage held by each side in the negotiation.

What Buyers Want

  • Only 1 in 5 buyers believe sellers deeply understand their ROI case.
  • Only 19% of buyers strongly agree sellers provide ideas in the selling process.

Role of Price

  • Top Performers are 1.7x more likely to find coming in high on price and negotiating down a very effective approach vs. coming in at core price and holding firm.
  • 88% of buyers receive a discount in the final agreement.
  • 62% of buyers agree they have the flexibility to pay more if the supplier demonstrates why doing do is worth it.

Impact of Training

  • Buyers are 1.5x more likely than sellers to have received extremely effective negotiation training.
  • Top Performers are 9.3x more likely to receive extremely effective negotiation training than The Rest.

“One in five sellers are Top Performers in Negotiation. There’s a lot of room for improvement. To achieve the greatest sales success, your team needs to know which tactics to expect and which strategies are actually going to work. If you’re getting beat up in negotiations, this report will give you the insights to turn it around,” shared Schultz.

To gain access to more data, register for the complimentary webinar The State of Sales Negotiation here: https://hubs.ly/H0mYZyS0

Purchase the full 81-page report, including graphs and analyst commentary, here: https://hubs.ly/H0mYZ1j0

Since 2005, the RAIN Group Center for Sales Research has provided leaders with critical insights to support strategic decision making and sales performance improvement. The division produces rigorous research reports and benchmarks the company’s clients across a variety of topics, with a special focus on learning the keys to top performance and understanding the psychology behind why buyers buy.

About RAIN Group

Founded in 2002, RAIN Group is a global sales training and performance improvement company that has helped hundreds of thousands of salespeople, managers, and professionals in more than 75 countries significantly increase their sales results. Headquartered in the greater Boston area, office locations include Bogotá, Geneva, Johannesburg, London, Mumbai, Seoul, Sydney, and Toronto. To learn more, visit http://www.raingroup.com or follow us on LinkedIn.

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