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Validus Growth Investors Awarded Top Guns Designation by Informa Financial Intelligence


Validus Growth Investors

Validus Growth Investors

Validus Growth Investors has been awarded a PSN Top Guns distinction by Informa Financial Intelligence’s PSN manager database, North America’s longest running database of investment managers. Achieving the Top Guns distinction means that the Validus strategies are among the top 10 performers within one or more peer groups reporting to Informa. The Validus Global Growth strategy finished with the #1 return for the three-month period and the #5 return for the one-year period. The Validus International Growth strategy finished with the #3 return for the three-month period.

“It is certainly nice to have our strategies honored with a Top Gun rating, especially during times of such market volatility,” said Mark Scalzo, Validus Growth Investors Chief Investment Officer. “We attribute this success to Validus’ proprietary, bottom-up, process which seeks to identify mispriced secular growers that are less dependent on macroeconomic conditions. The results further affirm our mission to achieve the best risk-adjusted outcomes for our clients, regardless of the market environment.”

PSN Top Guns ranks products in six proprietary categories in more than 50 universes and is a resource for institutional asset managers and investors in their decision-making process. Top Gun firms are awarded a rating ranging from one to six stars, with the number of stars representing continued performance over time.

Validus Growth Investors was honored with three total ratings: a 1-Star and 2-Star Top Gun rating for its Global Growth strategy and a 1-Star Top Gun rating for its International Growth strategy.

In the Global Equity universe, Validus Growth Investors’ Global Growth strategy was awarded a 1-Star Top Gun rating, for a top ten return in the first quarter of 2020 along with a 2-Star Top Gun rating, for a top ten return for the one-year period.

In the International Equity universe, Validus Growth Investors’ International Growth strategy was awarded a 1-Star Top Gun rating, for a top ten return in the first quarter of 2020

“Congratulations to Validus Growth Investors for being recognized as a PSN Top Gun,” said Ryan Nauman , Market Strategist at Informa Financial Intelligence’s Zephyr. “This highly esteemed designation allows us to recognize success, excellence and performance of leading investment managers each quarter.”

The complete list of PSN Top Guns and an overview of the methodology can be located on https://psn.fi.informais.com/ (Free registration is required to view methodology).

About Validus Growth Investors

Validus is a research-focused, independent growth equity manager. Using proprietary research methods that evolve over time, Validus implements fundamentally-driven strategies with active risk-mitigation techniques to enhance down-side protection. All of Validus’ strategies employ the same philosophy and process. We seek company-specific growth wherever it leads and no matter how it’s defined by the market. We believe that an active growth strategy with an appropriate investment horizon, stock-specific focus and market risk mitigation deserves a place in every portfolio. For more information, visit http://www.validusgrowth.com.

About Informa Financial Intelligence’s Zephyr

Financial Intelligence, part of the Informa Intelligence Division of Informa plc, is a leading provider of products and services helping financial institutions around the world cut through the noise and take decisive action. Informa Financial Intelligence’s solutions provide unparalleled insight into market opportunity, competitive performance and customer segment behavioral patterns and performance through specialized industry research, intelligence, and insight. IFI’s Zephyr portfolio supports asset allocation, investment analysis, portfolio construction, and client communications that combine to help advisors and portfolio managers retain and grow client relationships. For more information about IFI, visit https://financialintelligence.informa.com. For more information about Zephyr’s PSN Separately Managed Accounts data, visit https://financialintelligence.informa.com/products-and-services/data-analysis-and-tools/psn-sma.

Investing involves risk, loss of principal is possible. There is no guarantee that any historical trend illustrated above will be repeated in the future, and there is no way to predict precisely when such a trend might begin. The information is based on the economic and market conditions as of this date. The information is not intended as a discussion of the merits of a particular offering and should not assume that any discussion or information provided herein serves as the receipt of, or as a substitute for personalized investment advice from Validus or any other investment professional.

This material is provided for informational purposes only and does not constitute a solicitation. The material is not intended to be relied upon as a forecast, research or investment advice and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. There is no guarantee that any forecasts made will come to pass.

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Machine Learning, FinTech Provider Attunely Inc. Announces Industry Veteran Jason Hiland as Vice President of Sales


Attunely Inc. is pleased to announce and welcome Jason Hiland as Vice President of Sales. Jason will be contributing to growing the sales function, developing new business opportunities, and scaling Attunely’s customized, machine learning solutions. Attunely is laser-focused on solving its customers’ pain points with an emphasis on revenue recovery for the delinquency phase in the credit ecosystem.

“With the addition of Jason, Attunely continues its philosophy of blending together Account Receivables & Revenue Cycle Management industry veterans with Machine Learning software pioneers,” said Scott Ferris, Attunely’s Founder and Chief Executive Officer. “We now live in a business climate where creditors and collection agencies must be more efficient and tailor their consumer outreach to recover precious revenue in light of exponential delinquencies and fewer agent resources caused by the COVID-19 crisis.”

“Attunely’s Machine Lerning models have proven to lift revenue recovery and liquidation rates by intelligently prioritizing delinquent accounts in a compromised agent workforce environment,” added Rob Nadler, Attunely’s Senior Vice President of Sales.

Jason is a seasoned sales veteran with more than 16 years’ experience in accounts receivable, healthcare, and financial services. He has held leadership positions with responsibilities over Sales, Business Development, Customer Service, and Operations. In addition, Jason has a proven record of building long term business relationships across these industries.

Prior to joining Attunely, Jason was Vice President of Sales for BillingTree. During his tenure he was instrumental in growing market share through direct client sales, training staff, and working with product and development teams on the design of new platforms. In addition to BillingTree, Jason held positions in the Accounts Receivable Management industry with Ontario Systems and CACi. Jason graduated with a B.S. in Accounting/Economics from Ball State University.

“After a phenomenal decade with BillingTree, I felt a burning desire to seek an opportunity that truly transforms the way companies in the Financial Services industry conduct their operations. Today’s environment requires a fundamental shift in revenue recovery workflows by leveraging predictive de-identified data to create efficiencies while protecting resources and financial capital. I am thrilled to join the Attunely team and collaborate with industry colleagues and friends about the dynamic impact Machine Learning can have on their financial well-being,” said Jason.

About Attunely Inc.: Attunely is a Machine Learning, SaaS optimization platform for the Accounts Receivable & Revenue Cycle Management industry that pioneers dynamic scoring models to increase revenue recovery yield in the collection process, in turn, improving outcomes for creditors, lowering risk in the credit ecosystem, and facilitating a better consumer experience. http://www.attunely.com

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XBRL International elects Wes Bricker to Board of Directors


XBRL International today announced the election of Wesley “Wes” Bricker to its Board of Directors. Mr. Bricker’s appointment begins on 29 June 2020 for a two year term and he is eligible to serve a maximum of three terms.

“The Covid-19 pandemic underlines the importance of accurate, timely, comparable and digital information for decision-makers in all walks of life” said Hans Buysse, Chairman of the Board. “The XBRL standard is being used around the world to help shift business reporting from paper to data in support of vital digital transformation. We are very pleased to welcome Wes to the Board at this important moment.”

CEO John Turner adds “The XBRL standard draws on the knowledge and skills of professionals from across the public and private sectors. I’m delighted to add my welcome to Wes. His involvement signals the importance of digitization to the audit and accounting profession. XBRL International’s modernization of its standard is opening up new opportunities and reinforcing the digital work not just of regulators and enterprises around the world, but also that of audit and accounting firms.”

“I have seen the importance of XBRL and the positive impact it can have on the usefulness of business reporting through digitization and standardization” said Wes Bricker, incoming XBRL International Board Director and PwC Vice Chair and US and Mexico Assurance Leader. “This globally important standard helps promote an information environment that can lead to better decision making. XBRL can also help management and auditors in promoting quality, credible information in the markets.”

Ends.

Notes to Editors

About Wes Bricker

Wes is currently PwC’s Vice Chair and Assurance Leader for the US and Mexico. In this capacity, he serves as a member of the US Leadership Team and the Global Assurance Executive Leadership Team. Wes’s leadership and oversight of the Assurance practice encompasses audit quality, business development and portfolio strategy, human capital, diversity, innovation, and technology.

Prior to joining PwC US, Wes served as the Chief Accountant of the US Securities and Exchange Commission (SEC) beginning in 2016, after serving as the deputy chief accountant following a role as a professional accounting fellow. In his role as the SEC’s Chief Accountant, Wes was the principal advisor to the Commission on accounting and auditing matters, and led the Commission’s Office of the Chief Accountant, a group of professionals widely regarded for promoting useful and reliable financial reporting in the capital markets in the US and internationally.

About XBRL International, Inc

XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting. The standards are used by more than 150 regulators in more than 50 countries to collect high quality, reliable and timely digital business information from millions of companies around the world. We are the standards development organisation behind the freely-licensed XBRL specifications. XBRL International produces and supports the Data Amplified Conference, and certifies XBRL Software for third party software applications. @xbrlINT @DataAmplified #xbrl

Media Contact:

Debra Cagigal

+1 248 760 5085

Deb.cagigal@xbrl.org

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Casco Manufactures Affordable, Reusable, Washable PPE Line– and Business is Booming


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Melissa Mangold, left, with Bernice Hudler, assistant production manager. (Photo Provided.)

While we are all tired of social distancing, we can’t forget that people are still getting sick and dying. This is a sober reminder that the pandemic is dangerous, and we have a responsibility to protect ourselves, our loved ones and others in our communities by wearing PPE when necessary.

Casco Manufacturing Solutions of Cincinnati has created three new personal protection equipment (PPE) products that are not only made in the U.S.A. by a woman-owned company, they are affordable, washable and reusable.

Casco president and CEO Melissa Mangold said the 60-year-old company is making face masks, boot and shoe covers and gowns of polypropylene fabric under its Casco C-Matt brand.

The products are best used for frontline medical providers or medical professionals dealing with patients, such as nurses, technicians or physical therapists. The masks work up to Level 2 medical care; Casco is currently testing Level 3 masks.

The PPE can also be used by medical office administrative staff; long-term care facilities; surgical centers; home-care health providers; manufacturing, meatpacking; retail stores; and the general public to prevent the spread of infection.

The products are Food and Drug Administration (FDA)-registered, and can be washed and reused multiple times, which will save on landfill space, said Mangold.

According to the Asian Development Bank in the Philippines, during the coronavirus outbreak in Hubei province in the People’s Republic of China, infectious medical waste increased 600 percent from 40 tons per day to 240 tons per day.

In the U.S., American hospitals normally produce more than five million tons of medical waste each year, according to Practice Greenhealth of Reston, Va., a nonprofit working for sustainable, environmental stewardship and best practices by health care communities.

“Can you image the impact on our landfills and our air quality from incineration if our medical waste in the U.S. is increased six times, as China’s has been?” asked Mangold. “In addition to our healthcare crisis, we may be facing a landfill crisis for products that don’t biodegrade for many years. By washing and reusing protective gear, we can reduce at least some of that landfill waste.”

Casco Matt Reusable Face Masks are white, with a two-tie attachment, and are machine-washable and latex-free. They are made of 10-millimeter, spunbond polypropylene and designed for moderate to high-risk fluid environments, with a wide, pouch-style design that gives users more room to breathe. They come in cases of 200 and cost $123 to $132 per case. They will soon be available on Amazon for $158 per case of 200. They are not designated N95.

Casco-branded Black Shoe and Boot Covers (Booties) are one-size fits-most and made from latex-free, hydrophobic polypropylene that prevents fluids from penetrating the product or shoes. They are durable, washable in warm or cold water, and can be air-dried or placed in a dryer on a low temperature. They also have a slip-resistant, floor-gripping bottom and are sold in 50-pair boxes at recommended prices ranging from $105 to $123 per box. They are also available on Amazon in boxes of five pairs for $20; 10 pairs for $35; and 25 pairs for $75.

Casco’s white gowns are made of spunbond polypropylene fabric. Based on market research, Casco took elastic off the wrist for user convenience. They cost $1,000 to $1,154 per box of 200 units.

Casco’s new products have been so popular that Mangold is exploring a second shift for its production team and is adding an overtime shift on Saturdays, she said.

“There is plenty of room in the U.S. market for entrepreneurs to make products that are washable and reusable,” she said. “You get more life out of your product for the money you spend, as well as reduce transportation costs and landfill waste.

“The bottom line is, American jobs are at stake. There is no reason to buy this kind of equipment from outside the U.S. when we make it here in Ohio with Cincinnati labor and can ship anywhere in the world within a short window of time.”

A fourth product Casco has added to its production line is something it’s not actively promoting. Casco made body bags during the First Gulf War and has been making them again since the COVID-19 outbreak began.

“While we are all tired of social distancing, we can’t forget that people are still getting sick and dying,” she said. “This is a sober reminder that the pandemic is dangerous, and we have a responsibility to protect ourselves, our loved ones and others in our communities by wearing PPE when necessary.”

Casco is one of a handful of soft goods manufacturers left in the U.S. It follows the Centers for Disease Control, the National Institutes of Health, and local boards of health guidelines on how to help prevent the spread of the coronavirus.

Casco manufactures its own C-Matt hospital line of mattresses and covers, and the Casco Prevention Plus Pad, a wheelchair pad designed to help eliminate “hot spots” for wheelchair patients to prevent, as well as heal, pressure injuries.

For information about Casco Manufacturing Solutions products, visit http://www.cascomfg.com or call Casco assistant general manager Jeff Hummeldorf at (513) 681-0003.

Contact: Melissa Mangold

Email: mmangold@cascomfg.com

PHone: (513) 681-0003

About Casco Manufacturing Solutions:

Casco Manufacturing Solutions in Cincinnati is an original equipment manufacturer specializing in cutting, sealing, and sewing top-quality products for soft goods industry leaders. A third-generation, certified woman-owned company, Casco also manufactures its own C-Matt hospital line of mattresses, covers and the Casco Prevention Plus Pad, a wheelchair pad designed to help eliminate “hot spots” for wheelchair patients to prevent as well as heal pressure injuries.

Charlie Thackston Added to Selling Power List of Leading Sales Consultants, Sales Training & Coaching, 2020


Selling Power http://sellingpower.com/, producer of Selling Power magazine, the top periodical for B2B sales leaders, has added Charlie Thackston to its list of Leading Sales Consultants in the category of Sales Training and Coaching. The official launch of the list was announced earlier in 2020.

Charlie Thackston has a passion for helping companies grow. This passion led to the founding of SOAR Performance Group, a consulting and training company, where he serves as president. SOAR Performance Group has a constant focus on helping clients drive changes in go-to-market strategy, sales approach, and sales skills to achieve new levels of performance. His prior experience includes sales and marketing leadership roles for early-stage venture capital-backed technology companies.

Charlie is the author of CHANGE VELOCITY: THE SECRET TO LEADING A SUCCESSFUL SALES TRANSFORMATION. He earned his master’s degree in business from the University of Georgia. Charlie’s areas of expertise include:


  • Revenue acceleration through sales transformation initiatives
  • Elevating team performance through sales leadership and team development
  • Pivoting go-to-market approach through coverage model and talent alignment

The Selling Power magazine editorial board says the intention behind the list is to help B2B sales leaders find and hire the sales consultants who can best fit their particular training and coaching needs.

For decades, Selling Power has worked with sales consultants who help sales teams and executives produce better results for their companies. This annual listing highlights B2B sales consultants who have demonstrated high levels of expertise and insight in the realm of B2B selling.

Selling Power founder Gerhard Gschwandtner says: “Sales teams today are experiencing dramatic changes, and many have seen their industries shrink or even collapse overnight. Given these challenges, a list can help sales leaders find the expert consultants they need to navigate tough times. We’re excited to add Charlie Thackston to this roster of impressive professional consultants who understand how to boost sales in good times and bad.”

View Charlie Thackston’s profile on SellingPower.com at https://www.sellingpower.com/resources/2020/sales-consultants#charlie-thackston.

Other annual lists from Selling Power include the following:

  • Top 20 Sales Training Companies
  • 50 Best Companies to Sell For
  • Top 15 Sales Enablement Vendors
  • Selling Power 500 Largest Sales Forces in America

About Selling Power

In addition to Selling Power magazine, the leading periodical for sales managers and sales VPs since 1981, Selling Power Inc. produces the Sales Management Digest and Daily Boost of Positivity online newsletters, as well as a series of five-minute videos featuring interviews with top executives. Selling Power is a regular media sponsor of the Sales 3.0 Conference.

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ACG Silicon Valley Names Yvonne Schwab CEO


ACG Silicon Valley, a chapter of the Association for Corporate Growth, today announced it has named business development expert Yvonne Schwab as CEO, effective April 20. Schwab succeeds Drue Freeman, who has served as ACG Silicon Valley’s CEO since 2018.

“A native German, Yvonne started her career in Europe and has lived and worked in New York and California for the past 18 years. Her global experience leading key growth initiatives within startup, nonprofit, and industry-established organizations along with the expertise of our dedicated board will allow ACGSV to grow and deepen the relationships with Silicon Valley’s most innovative companies,” said Hayley Tabor, ACG Silicon Valley Chairperson. “We are looking forward to her leadership and contributions.”

With over 20 years of experience providing strategic growth management to Valley businesses, Schwab has a keen focus on business development, account management, event planning, and marketing. Prior to joining ACG Silicon Valley, she was the business development director for the German American Business Association (GABA) NorCal, where she expanded opportunities for companies seeking visibility in the German-American business community of the Bay Area.

Schwab also served as the marketing and event director at Santa Clara incubator TechLab Innovation Center. During her time there, she prepared and organized technology events and advised early-stage startups. She earned a bachelor’s degree in business management/small business and entrepreneurship from Colorado State University.

“ACG Silicon Valley has been a cornerstone of world-class networking and thought leadership for CEOs and senior executives in the Bay Area for over 36 years,” said Schwab. “It speaks volumes for an association to be around this many years, offering consistent value for its members and sponsors, as ACGSV has done over and over again. As its CEO, Drue continued the tradition of excellent management over the past two years. Now, I am honored to pick up the torch and, together with our supporters, bring ACGSV to the next level.”

Added Freeman: “I am very proud of how ACGSV has evolved over the last few years. It has been an honor to serve as the leader of this community of outstanding executives bringing thoughtful, inspiring content to our stakeholders and helping decision makers understand the implications of the technological changes being driven out of Silicon Valley. Ultimately, business is about people and I have met so many wonderful people along the way. Looking ahead, I am confident that Yvonne is the right leader to take the ACGSV community to an even brighter future.”

As the Valley’s premier business organization, ACG Silicon Valley is dedicated to providing business professionals with direct and referral access to key business leaders, transformational thought leadership, and practical experiences for career growth and business development.

For more information about the organization, please visit: http://www.acgsv.org.

About ACG

The Association for Corporate Growth (http://www.acg.org) is a global learning and networking organization specifically for executives driving their company’s growth strategy. Active global membership exceeds 14,500 executives from corporations, private equity, finance, and professional service firms representing Fortune 500, Fortune 1000, FTSE 100, and mid-market companies in 59 chapters in North America, Europe and Asia.

About ACG Silicon Valley

ACG Silicon Valley (ACGSV) is a unique community with a purpose; where CEOs and senior executive leaders connect to conduct business, build new careers, and link together to lead the future of Silicon Valley. The 36-year-old chapter strives to provide an environment where members, over 80 percent of whom are CEOs, gain access to key insight, knowledge, and connections.

ACGSV is a forum beyond networking and has earned its credible reputation by consistently providing one of the strongest possible thought leadership platforms available to corporate leaders and executive teams.

Contact

For ACG Silicon Valley

Carol Rellamas, Director of Operations

408.674.9816

Carol.Rellamas@acgsv.org

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Quench Announces Acquisition of Scott Pure Water, LLC


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Quench, a Culligan Company and a leading provider of filtered water solutions for businesses across the United States and Canada, announced today that it has acquired substantially all of the assets of Scott Pure Water, LLC, a point-of-use water filtration company based in Sonoma County, California. This is Quench’s seventh acquisition in the last seven months, including Krystal Kleer in Connecticut, Mirex in Houston, Texas, Smart Water in New Jersey, Pure Planet Water in Southern California, Jonli Water Services in Montreal, and Flowline in Edmonton.

Scott Pure Water was established in 2015 and grew to be one of the top Pure Water Technology dealers on the West Coast. They have been successful in acquiring long-term, premium customers with strong recurring revenue streams. This acquisition adds hundreds of customers in the high growth San Francisco Bay metro area and bolsters Quench’s industry-leading portfolio of more than 160,000 installed rental units across North America. “We are thrilled to have acquired Scott Pure Water, one of our independent dealers, demonstrating our continued success in providing attractive exit opportunities to the great entrepreneurs that form our extensive and growing network of Pure Water Technology, Wellsys and Bluline dealers,” said Todd Peterson, COO of Quench. “Our Indirect Dealer business unit is dedicated to supporting our independent dealers throughout their stages of development from start-up through growth and exit.”

David Scott, owner of Scott Pure Water, said: “Quench was great to deal with through the acquisition process, especially during these challenging times. Being a Pure Water Technology dealer, they were the logical buyer, and I am confident our customers will be pleased with this outcome.”

This is the first acquisition since the merger of Quench with Culligan on March 30, 2020 and demonstrates Culligan’s ongoing commitment to be the leading provider of consumer-focused and sustainable water solutions and services around the world.

About Quench

Quench USA, Inc. offers bottle-free filtered water solutions for healthy and environmentally conscious consumers outside the home, through direct sales and independent dealers across North America. Our bottle-free water coolers, ice machines, sparkling water dispensers and coffee brewers, purify the existing water supply to provide reliable and convenient filtered water to a broad mix of businesses, including government, education, healthcare, manufacturing, retail, hospitality, and other large commercial customers, including more than half of the Fortune 500. Headquartered in King of Prussia, PA, Quench has sales and service operations across North America to serve our 60,000+ customers, and a network of over 250 independent dealers selling products under the brand names Pure Water Technology, Wellsys and Bluline. Quench is a Culligan Company. For more information, please visit https://quenchwater.com.

About Culligan

Founded by Emmett Culligan in 1936, Culligan is a world leader in delivering superior water solutions that will make a real difference in improving the health and wellness of consumers. The company offers some of the most technologically advanced, state-of-the-art water filtration and treatment products. These products include water softeners, drinking water systems, whole-house systems and solutions for businesses. Culligan’s network of franchise dealers is the largest in the world, with over 900 dealers in 90 countries. Many Culligan dealers have valuable equity in their local communities as multigenerational family owners of their franchises. For more information visit http://www.culligan.com.

Media Inquiries

Lisa Guillaume

Quench

lguillaume@quenchonline.com

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Remote Workforce Caused by COVID-19 Likely to Impact ICFR, According to FERF


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“The pandemic presents a new normal. Financial leaders will likely need to expand their ICFR focus to include a review of current processes and assess the potential disruptors to those processes,” said Andrej Suskavcevic, CAE, President and CEO of FEI.

The Financial Education & Research Foundation (FERF)—the independent non-profit research affiliate of Financial Executives International (FEI)—today released a whitepaper entitled The State of ICFR Going into the 2020s. The paper shows a trend baseline for filings with and without material weaknesses prior to the business world’s coronavirus pandemic response. It also explores the potential impact of recent COVID-19 protocols—particularly work-from-home—on future Internal Control over Financial Reporting (ICFR). Greenlight Technologies, a leading provider of integrated risk management solutions, sponsored the paper.

Two years of historical filings of 10-Ks and 10-Qs with the Securities and Exchange Commission (SEC) from various-sized companies show that material weakness disclosures have a seasonally adjusted average of over 18 percent of total filings. Since many companies with material weaknesses are late filers, the data shows that Q1 filings are the lowest at approximately 15 percent, as many 10-Ks are filed late and increase to almost 20 percent in Q4 as filers get caught up. That Q1 to Q4 delta is expected to continue and likely increase given the current business climate.

“We have a strong sense of historical behavior with respect to ICFR disclosures and a consistent number of companies reporting material weaknesses year over year has existed,” said Andrej Suskavcevic, CAE, President and CEO of Financial Executives International. “However, the pandemic presents a new normal, at least for now. We are learning that financial leaders will likely need to expand their ICFR focus to include a review of current processes and assess the potential disruptors to those processes in order to continue to lead their organization though a clean, accurate and timely reporting process.”

Looking into 2020 and beyond, the paper explores COVID-19’s effects on ICFR. Based on these considerations, three significant projections regarding the future of ICFR due to a remote workforce emerged:


  • Increase in the number of filers disclosing material weakness
  • Increase in the number of delayed filings
  • Development of new or redesigned controls to be deployed to satisfy external auditors

The paper also examines the financial reporting disruptions behind those projections. Notably, the remote workforce strategy currently being exercised by many businesses nationwide is the biggest driver—causing several potential issues:

Inaccessible or Reassigned Staff: Unavailability of key personnel due to facility closures, remote work arrangements, illness, or adjusted work assignments may create gaps in an organization’s productivity.

Reduced Oversight or Communication: Distributed staff can lead to greater challenges in clear, consistent communication or performance oversight.

Insufficient Evidence: Given auditors require evidence that controls are performed as intended, tangible proof may be unavailable due to limited access to the equipment (printers, scanners, etc.) needed to record and deliver that evidence.

Insufficient Resources: Mitigating the above issues largely relies on adequate IT solutions, flexible processes, and accessible equipment that may or may not currently exist within organizations. For example, businesses will need to ensure that cybersecurity and shared network solutions are capable of supporting secured remote access via desktop and mobile devices. They will also need to ensure that any new or modified internal controls are not rolled out in too rushed a manner, limiting the company’s ability to completely vet the process. And, lastly, remote staff will need access to the right physical resources (printers, scanners, etc.) to satisfy their responsibilities.

Failure to successfully navigate the above may lead to new material weaknesses in a financial preparer’s ICFR ecosystem.

“We’re operating in unchartered territory. We’ve got an enormous influx of work-from-home scenarios, people juggling new responsibilities, and leaderships fighting to maintain productivity,” said Mark Kissman, CFO, Greenlight Technologies. “However, audits and reporting don’t stop because our day-to-day has changed. In fact, timely and meaningful disclosures about COVID-19’s effect on a company’s financial health, performance, risk management strategies, and overall viability are arguably more important now than ever before to maintain shareholder trust. Revisiting this paper’s analysis after Q2 filings will present an important snapshot of how agile our businesses truly are.”

About Greenlight Technologies

Greenlight Technologies is changing the way organizations assure compliance by automating enterprise control monitoring and certification. Our enterprise platform monitors everything – all applications, all users, all transactions, all risks – all the time and automatically identifies, analyzes, calculates financial impact, and reports on actual risks; so the business understands the financial exposure the risks present and can easily act on them. Leading global companies rely on Greenlight Technologies to make managing risk and staying ahead of audit issues easier, more effective and significantly less costly. Our customers have saved millions in labor costs, audit fees and loss prevention. Learn more at https://greenlightcorp.com.

About Financial Education & Research Foundation, Inc.

Financial Education & Research Foundation (FERF) is the non-profit 501(c)(3) research affiliate of Financial Executives International (FEI). FERF researchers identify key financial issues and develop impartial, timely research reports for FEI members and nonmembers alike, in a variety of publication formats. FERF relies primarily on voluntary tax-deductible contributions from corporations and individuals, and publications can be ordered by logging onto http://www.financialexecutives.org/Research.aspx.    

About FEI

Financial Executives International (FEI) is the leading advocate for the views of corporate financial management. Its more than 10,000 members hold policy-making positions as chief financial officers, treasurers and controllers at companies from every major industry. FEI enhances member professional development through peer networking, career management services, conferences, research and publications. Members participate in the activities of more than 65 Chapters in the U.S. FEI is located in Morristown, NJ. Visit http://www.financialexecutives.org for more information.

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Irvine Welcomes Top Property Restoration Franchise


“We take pride in delivering exceptional results and making properties look like new again.” says franchise owners Janny & Joel. So, leave the repairs up to the professionals, and your main concern can rather be the well-being of your family.

Restoration 1 is pleased to announce the opening of a brand new franchise in the city of Irvine in Orange County, California. With hundreds of locations scattered throughout the country, the well-known property restoration company offers a variety of services to both homes and businesses. With a decade of experience behind them, the Restoration 1 name has developed a reputation as one of the best in the business with excellent service and professionalism.

Although water damage restoration is the company’s most requested service, Restoration 1 of Irvine can also assist with a variety of other property restoration such as Fire & Smoke Damage, Mold Remediation, Odor Removal, and Sewage Cleanup. Unfortunately, these sorts of at-home disasters are more common than one may think. And, because these can happen at any time of the day or night, they often leave homeowners vulnerable and with extensive property damage to deal with too.

After a call is logged with Restoration 1 of Irvine or an online form is submitted via the website, the team’s expertly trained and certified technicians will be dispatched to assess the damage to the property in an hour or less. A recent client commented, “These guys are fantastic. I called Restoration 1 at 03:18 am a few weeks ago about our hot water pipe that had burst. By 04:10 am they had arrived on site and began working. That’s less than an hour in the middle of the night! The team is amazing to work with and I highly recommend them.” Chris S (May 2020).

Keep in mind that water damage can often lead to the threat of mold. And, as most of us know prolonged exposure to mold can be very dangerous to the health of our family and pets. After any water damage, Restoration 1 of Irvine will conduct a thorough search for mold, eliminating any infestations or possible threats. “I bought a house that had a mold infestation hidden in the drywalls. I called Restoration 1 and left the rest up to them. They did a great job, worked with me, and kept me informed during the whole process. I absolutely recommend this company,” commented another client, Lloyd B (15 April 2020).

Restoration 1 of Irvine is available 24 hours a day, 7 days a week. Find them as 36 Kempton Drive or call for a free estimate 949-838-7549, or visit http://www.restoration1.com/irvine.

A full list of Restoration 1 of Irvine’s services include: water damage, sewage cleanup, storm recovery, flood damage cleanup, mold remediation, fire & smoke damage, residential service, commercial restoration, emergency service, pack out and storage, and property restoration.

About Restoration 1

Restoration 1 are nationwide licensed and insured water damage experts that also offer fire, water, and mold damage restoration services, available 24/7. Their professionals, licensed by the IICRC, have been in the business of restoring damaged residential and commercial properties for over a decade. Their reputation for fast responses, unparalleled quality, and uninhibited commitment has contributed to the growth of the company throughout the United States.

For more information about Restoration 1, their services, and locations, go to http://www.restoration1.com.

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WorkWise Announces Release of OnContact CRM 10.7


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Designed with efficiency in mind, CRM 10.7’s enhancements increase user productivity and improve the overall customer experience.

WorkWise, a leading ERP and CRM software application developer, announced their latest release, OnContact CRM 10.7. Building upon its OnContact CRM 10.6 predecessor, CRM 10.7 includes both Business Processes and Workflow business logic capabilities. Additional features include the Application Designer, where users can create a customized workspace, and customer service enhancements.

A unique tool designed for building business logic into the application, OnContact CRM 10.7 offers a new Business Process and Workflow feature. Utilizing the CRM Business Process feature, users can save time thanks to predefined steps that automate the processing of entity items. This feature is available for campaigns, contacts, companies, opportunities and cases, which assists both sales and marketing departments.

The task-based Workflow feature in OnContact CRM 10.7, adds alerts, creates and selects data functions, adds or removes a target to a business process and adds contacts to campaigns. Additionally, Workflow also gives users the ability to add or remove a contact and company from a list.

“WorkWise is pleased to announce the release of OnContact CRM 10.7, which places a heavy emphasis on workflow automation,” says Wayne Wedell, WorkWise President and CEO. “Designed with efficiency in mind, CRM 10.7’s enhancements increase user productivity and improve the overall customer experience.”

About WorkWise:

WorkWise is a leading developer of Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) solutions along with comprehensive implementation and support services. Our flagship products, WorkWise ERP and OnContact CRM are easy-to-use, quick to implement, provide a high return on investment and are offered either in a Cloud or on-premise deployment. Use of WorkWise applications provide more accurate and timely information that helps enable companies to grow and increase productivity.

OnContact CRM is a full-featured, award-winning, browser-based CRM software solution that automates a company’s sales, marketing and customer service areas. OnContact CRM has been awarded the TopTenREVIEWS Excellence Award in recognition of its unique design, customizability and superior features.

WorkWise ERP offers make-to-order, repetitive and mixed-mode solutions to manufacturers to shorten cycle times and optimize manufacturing information, supply chain management, and manufacturing execution and planning. WorkWise ERP enhances operations by taking time out of the business processes and increasing value-add in products and services.

In addition, WorkWise has pre-configured integration between WorkWise ERP and OnContact CRM, which is unavailable from other ERP and CRM suppliers.

WorkWise is headquartered in the greater Milwaukee, WI area and has been inspiring companies to achieve new levels of success for over 15 years. WorkWise’s proven business philosophy is customer inspired because they put customers first, listen to their requirements and deliver innovative business solutions. “Inspire Your Growth ™” to new levels of success with WorkWise software.

For ten consecutive years, WorkWise has been recognized by the Milwaukee Journal Sentinel for being a “Top Workplace.”

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