Ebix BPO offers a full-service solution for tracking, validating, and electronically storing certificates of insurance to decrease costs and improve compliance. Outsourcing these tasks to Ebix can reduce operational costs and labor while increasing compliance rates using their expertise and customized systems. Ebix has years of experience in insurance compliance and will monitor certificates to ensure clients maintain required coverage and reduce uninsured exposure. They provide standard and customized reporting for managing the program.
The document discusses building a smarter compliance program with J.J. Keller's safety and compliance services. It offers services across transportation, workplace safety, and human resources that help companies eliminate compliance risk, lower expenses, and comply with regulations. J.J. Keller's tailored solutions include advisory services, online and mobile tools, training, and publications to develop robust compliance programs and prevent fines, litigation, and accidents.
S.V. Meditrans Inc. offers various business process outsourcing services for the healthcare industry including medical transcription, medical billing, medical coding, accounts receivables management, teleradiology services, clinical trial management, data management, and call center services. They have a large network of trained medical professionals that allow them to provide accurate, timely services while adhering to HIPAA compliance. Their goal is to maximize customer collections, increase efficiency, and boost profits through outsourcing healthcare business processes.
Are you prepared to manage the current challenges, risks, and complexities related to vendor risk management in the financial industry? In summer 2014, in association with MetricStream, RMA conducted the Third-Party Vendor Risk Management Survey. This presentation brings you the highlights of the survey and some sound advice to manage your third- and fourth-party suppliers.
The document evaluates 3 CRM vendors against various business, technical, and functional requirements. Vendor 3 scores highest overall with 82%, followed by Vendor 1 at 62% and Vendor 2 at 59%. Vendor 3 best meets the technical requirements like supporting newer operating systems and databases. However, Vendor 1 and 2 may still be viable options as they meet a majority of the general, contact management, and sales requirements. The matrix provides a comprehensive breakdown of how each vendor stacks up across 168 total criteria.
Ariba Coverage of Risk Management within the Supplier LifecycleSean Thomson
We are excited to announce the general availability of SAP Supplier InfoNet version 3.0.This release supports our continued commitment to delivering superior risk insights and an enhanced end user experience. The release went live on 12th Dec, 2015.
The Business Case for Robotic Process Automation (RPA)Joe Tawfik
This paper by Kinetic Consulting Services (www.kineticcs.com) outlines the business case for Robotic Process Automation (RPA). It examines the commercial and strategic aspects of RPA.
The document discusses various aspects of vendor management including governance, performance evaluation, monitoring, and strategic partnership. It provides details on developing vendor profiles, assessing risks, establishing governance disciplines, evaluating quality and performance, linking key performance indicators to business benefits, monitoring through scorecards and metrics, and fostering strategic partnerships through mutual goals and trust.
Beatinfo is a Business Acceleration Company offering efficient and measurable outsourcing solutions in the domains of Inside Sales, Digital Marketing, On-demand Infrastructure solutions covering ODC and Staff augmentation and Finance and Accounting outsourcing for enterprises globally.
Beatinfo is more than just Business Process outsourcing. We provide you the expertise and skills to take your business off the ground to the higher stages of maturity. It doesn’t matter whether you are just starting your business, or you have been in operations for a long time. We promise to make your business and sales process consistent and revenue generating, ensuring a higher return-on-investment.
The document discusses building a smarter compliance program with J.J. Keller's safety and compliance services. It offers services across transportation, workplace safety, and human resources that help companies eliminate compliance risk, lower expenses, and comply with regulations. J.J. Keller's tailored solutions include advisory services, online and mobile tools, training, and publications to develop robust compliance programs and prevent fines, litigation, and accidents.
S.V. Meditrans Inc. offers various business process outsourcing services for the healthcare industry including medical transcription, medical billing, medical coding, accounts receivables management, teleradiology services, clinical trial management, data management, and call center services. They have a large network of trained medical professionals that allow them to provide accurate, timely services while adhering to HIPAA compliance. Their goal is to maximize customer collections, increase efficiency, and boost profits through outsourcing healthcare business processes.
Are you prepared to manage the current challenges, risks, and complexities related to vendor risk management in the financial industry? In summer 2014, in association with MetricStream, RMA conducted the Third-Party Vendor Risk Management Survey. This presentation brings you the highlights of the survey and some sound advice to manage your third- and fourth-party suppliers.
The document evaluates 3 CRM vendors against various business, technical, and functional requirements. Vendor 3 scores highest overall with 82%, followed by Vendor 1 at 62% and Vendor 2 at 59%. Vendor 3 best meets the technical requirements like supporting newer operating systems and databases. However, Vendor 1 and 2 may still be viable options as they meet a majority of the general, contact management, and sales requirements. The matrix provides a comprehensive breakdown of how each vendor stacks up across 168 total criteria.
Ariba Coverage of Risk Management within the Supplier LifecycleSean Thomson
We are excited to announce the general availability of SAP Supplier InfoNet version 3.0.This release supports our continued commitment to delivering superior risk insights and an enhanced end user experience. The release went live on 12th Dec, 2015.
The Business Case for Robotic Process Automation (RPA)Joe Tawfik
This paper by Kinetic Consulting Services (www.kineticcs.com) outlines the business case for Robotic Process Automation (RPA). It examines the commercial and strategic aspects of RPA.
The document discusses various aspects of vendor management including governance, performance evaluation, monitoring, and strategic partnership. It provides details on developing vendor profiles, assessing risks, establishing governance disciplines, evaluating quality and performance, linking key performance indicators to business benefits, monitoring through scorecards and metrics, and fostering strategic partnerships through mutual goals and trust.
Beatinfo is a Business Acceleration Company offering efficient and measurable outsourcing solutions in the domains of Inside Sales, Digital Marketing, On-demand Infrastructure solutions covering ODC and Staff augmentation and Finance and Accounting outsourcing for enterprises globally.
Beatinfo is more than just Business Process outsourcing. We provide you the expertise and skills to take your business off the ground to the higher stages of maturity. It doesn’t matter whether you are just starting your business, or you have been in operations for a long time. We promise to make your business and sales process consistent and revenue generating, ensuring a higher return-on-investment.
SilverkillsIndia provides business process management and outsourcing services across several industries such as commercial real estate, healthcare, financial services, and engineering. They have over 15 years of experience helping businesses in the US, UK and India grow. Their new Engineering Managed Services are based in the UK and they use a tested transition approach and innovative techniques to efficiently deliver customized solutions for clients.
eVisie.BIZ provides business management software solutions and consultancy services to help companies gain insight into their business performance and make better decisions. Their solutions offer integrated financial and operational data, reporting, and business intelligence tools. eVisie.BIZ works with customers worldwide to implement solutions that support compliance, improve processes, and empower employees with access to the information they need to work more productively.
This document provides information about USI Insurance Services and the employee benefits solutions they offer. USI works with clients to understand their needs and provide specialized expertise, responsive relationships, and a breadth of resources. They offer strategic solutions focused on the client organization and industry, including plan design, reporting, administration, compliance, and voluntary benefit options. USI aims to help contain benefit costs today and in the future through strategic partnerships, specialized knowledge and resources, continuity of relationships, access to exclusive products and competitive pricing, and executive-level capabilities.
USI provides employee benefits solutions and insurance services. They work with clients to understand their needs and design specialized solutions, including health and welfare benefits, retirement plans, executive benefits, and commercial insurance. USI offers deep expertise, long-term client relationships, competitive pricing, and a variety of resources to help clients manage costs and structure successful programs.
NRS has been providing compliance services to financial firms for 25 years. They work with thousands of clients annually to help them meet changing regulations through customized consulting and compliance solutions. NRS consultants have both business and regulatory expertise to solve complex compliance issues, allowing clients to focus on profit-enhancing activities while avoiding regulatory risks. NRS offers a variety of compliance products, services, education programs and certifications to help firms establish and maintain effective compliance programs.
TEKsystems supports the healthcare industry by providing IT services and staffing solutions. They serve all major segments of healthcare including payers, providers, life sciences, public health, and technology companies. Their services focus on key areas like EMR/EHR, business applications, clinical systems, cost containment, and compliance initiatives. TEKsystems partners with clients to understand their needs and implement customized solutions using qualified IT professionals and proven methodologies to achieve projects on time and on budget.
CIA-Leavitt Insurance Agency provides insurance and risk management solutions to commercial groups, associations, and governmental entities. They are a full-service agency and member of the Leavitt Group, one of the largest insurance agencies in the US. CIA-Leavitt works as a business partner with clients to build lasting relationships and develop long-term solutions through consistent, quality service.
iMedX acquired G2N and Amphion Medical Solutions, becoming one of the world's most preeminent healthcare information solutions providers. This merger allows iMedX to leverage branding capabilities, expand services, and enhance technology. The combined companies have expanded transcription, coding, consulting, and other services while maintaining dedication to clients. The merger permits talent acquisition and innovation to better serve clients.
Viable Dimensions provides turnkey business and technology management consulting that not only aims to re-invent businesses with a new perspective, but also make them consistently effective, efficient and innovative.
Our line of tailored consulting services aims to enhance our customer’s businesses, starting from the outset and moving to the core with the help of global standard based research and technology optimization methodologies in an approach we like to call Encompass®.
Insight is a leading global provider of IT products and services with over $4.8 billion in annual revenue. It has offices in 24 countries and trades in 170 countries and 13 currencies. Insight offers a wide range of hardware, software, and services to businesses and organizations of all sizes. It has strong vendor partnerships and over 400 vendor accreditations globally. Insight provides customized account management, distribution capabilities, e-commerce solutions, software capabilities, and defined core competencies in managed services, workspaces, servers, storage, and software services.
- eVisie.BIZ is a business management software that has provided integrated financial, HR, manufacturing, and operational functionality for over 15 years.
- It offers visibility and control over a business through business intelligence, collaboration, and communication tools that connect different parts of an organization.
- The software delivers long-term value through easy customization and integration with other applications, and helps users get up and running quickly through out-of-the-box capabilities and deployment options.
Overview of Employee Benefit Plan Audits CBIZ, Inc.
An overview of EBP Audits. For companies with more than 100 participants in an employee benefit plan, having an EBP audit performed can be mandatory. But not just any Certified Public Accountant (CPA) can perform a quality EBP audit.
Many simply provide it as an ancillary service, particularly as a courtesy to their corporate clients. It takes focus, dedication and experience to do the job right...and that’s exactly the way we do business at Mayer Hoffman McCann P.C. (MHM).
For more information, visit http://www.mhm-pc.com
VRX Outsourcing is a leading world supplier of enterprise business solutions and IT/Telecom company that focuses on extremely qualitative, innovative integrated e-business solutions, timely delivered and efficient services. Our competencies exist providing custom created business solutions to world customers and determination a rank of specific tasks on application development.
We have a passionate development team with wonderful vary of skills, deep vertical industries experience and excellence in advanced technologies. By wise mix of business analysis and management with latest technology, VRX Outsourcing styles and develops custom created software and online applications. We’ve a broad vary of technology services that deliver real business results.
VRX Outsourcing includes a huge business for outsourcing, all IT/Telecom services and many more from India. Our main preference is to achieve your trust through our commitment and integrity, extending most prices to you and pains to exceed your expectations.
Centric is a management and technology consulting firm with over 500 consultants in the US and 200 globally. They have extensive experience delivering over 250 high-profile projects for major carriers throughout the US. Centric aims to provide seasoned consultants and favorable pricing through a lower overhead structure, while building long-term client relationships. Their services include business intelligence, process improvement, core systems modernization, and digital strategies.
We are a product based startup and our main focus area is predictive analysis, modeling and usability. We provide product and solutions to solve most complex and difficult problems in the domains of finance,Insurance, retail, education, legal, and government.
The Gemini is a software development and IT consulting company with over 19 years of experience and over 100 employees across multiple development centers in India. They provide a wide range of custom software and IT services including web and mobile app development, digital transformation services, and industry-specific solutions for healthcare, education and other sectors. Their development process focuses on quality, adaptability and cost-effectiveness to produce customized solutions that help clients succeed.
Vee Technologies is a strategic services company that specializes in insurance claim processing and administrative services. For over 20 years, leading insurance companies have outsourced their payor processing transactions to Vee Technologies, reducing costs by 30% while improving quality and turnaround times. Vee Technologies provides end-to-end healthcare insurance claim processing using teams in the United States and India that include doctors, nurses, IT professionals and insurance data specialists. Their services include claims scanning, data capture, processing, adjudication, repricing and software solutions.
Vector Accountants is an accounting firm in Brazil that provides outsourced accounting, tax, HR, and consulting services using a team of over 50 professionals. The firm was founded in 2000 and aims to identify customized solutions and responsive service for customers through an experienced team with expertise in issues faced by growing businesses. Vector also has partnerships with other accounting networks and service providers to offer clients expanded support.
DEPL Consulting is an IT audit and advisory firm based in Lagos Nigeria. We provide a high-quality information technology consulting services that cut across governance and risk management, cybersecurity, compliance program, audit and assurance services.
IMC is a global organization of independent management consultants that offers a unique approach to delivering real value to clients. They have experts with experience across various functions and industries. IMC can help clients with strategic planning, operations, mergers and acquisitions, auditing, and other management consulting needs. Choosing IMC provides clients with highly experienced executives who get involved throughout a project to produce effective and sustainable results.
What Lessons Can New Investors Learn from Newman Leech’s Success?Newman Leech
Newman Leech's success in the real estate industry is based on key lessons and principles, offering practical advice for new investors and serving as a blueprint for building a successful career.
SilverkillsIndia provides business process management and outsourcing services across several industries such as commercial real estate, healthcare, financial services, and engineering. They have over 15 years of experience helping businesses in the US, UK and India grow. Their new Engineering Managed Services are based in the UK and they use a tested transition approach and innovative techniques to efficiently deliver customized solutions for clients.
eVisie.BIZ provides business management software solutions and consultancy services to help companies gain insight into their business performance and make better decisions. Their solutions offer integrated financial and operational data, reporting, and business intelligence tools. eVisie.BIZ works with customers worldwide to implement solutions that support compliance, improve processes, and empower employees with access to the information they need to work more productively.
This document provides information about USI Insurance Services and the employee benefits solutions they offer. USI works with clients to understand their needs and provide specialized expertise, responsive relationships, and a breadth of resources. They offer strategic solutions focused on the client organization and industry, including plan design, reporting, administration, compliance, and voluntary benefit options. USI aims to help contain benefit costs today and in the future through strategic partnerships, specialized knowledge and resources, continuity of relationships, access to exclusive products and competitive pricing, and executive-level capabilities.
USI provides employee benefits solutions and insurance services. They work with clients to understand their needs and design specialized solutions, including health and welfare benefits, retirement plans, executive benefits, and commercial insurance. USI offers deep expertise, long-term client relationships, competitive pricing, and a variety of resources to help clients manage costs and structure successful programs.
NRS has been providing compliance services to financial firms for 25 years. They work with thousands of clients annually to help them meet changing regulations through customized consulting and compliance solutions. NRS consultants have both business and regulatory expertise to solve complex compliance issues, allowing clients to focus on profit-enhancing activities while avoiding regulatory risks. NRS offers a variety of compliance products, services, education programs and certifications to help firms establish and maintain effective compliance programs.
TEKsystems supports the healthcare industry by providing IT services and staffing solutions. They serve all major segments of healthcare including payers, providers, life sciences, public health, and technology companies. Their services focus on key areas like EMR/EHR, business applications, clinical systems, cost containment, and compliance initiatives. TEKsystems partners with clients to understand their needs and implement customized solutions using qualified IT professionals and proven methodologies to achieve projects on time and on budget.
CIA-Leavitt Insurance Agency provides insurance and risk management solutions to commercial groups, associations, and governmental entities. They are a full-service agency and member of the Leavitt Group, one of the largest insurance agencies in the US. CIA-Leavitt works as a business partner with clients to build lasting relationships and develop long-term solutions through consistent, quality service.
iMedX acquired G2N and Amphion Medical Solutions, becoming one of the world's most preeminent healthcare information solutions providers. This merger allows iMedX to leverage branding capabilities, expand services, and enhance technology. The combined companies have expanded transcription, coding, consulting, and other services while maintaining dedication to clients. The merger permits talent acquisition and innovation to better serve clients.
Viable Dimensions provides turnkey business and technology management consulting that not only aims to re-invent businesses with a new perspective, but also make them consistently effective, efficient and innovative.
Our line of tailored consulting services aims to enhance our customer’s businesses, starting from the outset and moving to the core with the help of global standard based research and technology optimization methodologies in an approach we like to call Encompass®.
Insight is a leading global provider of IT products and services with over $4.8 billion in annual revenue. It has offices in 24 countries and trades in 170 countries and 13 currencies. Insight offers a wide range of hardware, software, and services to businesses and organizations of all sizes. It has strong vendor partnerships and over 400 vendor accreditations globally. Insight provides customized account management, distribution capabilities, e-commerce solutions, software capabilities, and defined core competencies in managed services, workspaces, servers, storage, and software services.
- eVisie.BIZ is a business management software that has provided integrated financial, HR, manufacturing, and operational functionality for over 15 years.
- It offers visibility and control over a business through business intelligence, collaboration, and communication tools that connect different parts of an organization.
- The software delivers long-term value through easy customization and integration with other applications, and helps users get up and running quickly through out-of-the-box capabilities and deployment options.
Overview of Employee Benefit Plan Audits CBIZ, Inc.
An overview of EBP Audits. For companies with more than 100 participants in an employee benefit plan, having an EBP audit performed can be mandatory. But not just any Certified Public Accountant (CPA) can perform a quality EBP audit.
Many simply provide it as an ancillary service, particularly as a courtesy to their corporate clients. It takes focus, dedication and experience to do the job right...and that’s exactly the way we do business at Mayer Hoffman McCann P.C. (MHM).
For more information, visit http://www.mhm-pc.com
VRX Outsourcing is a leading world supplier of enterprise business solutions and IT/Telecom company that focuses on extremely qualitative, innovative integrated e-business solutions, timely delivered and efficient services. Our competencies exist providing custom created business solutions to world customers and determination a rank of specific tasks on application development.
We have a passionate development team with wonderful vary of skills, deep vertical industries experience and excellence in advanced technologies. By wise mix of business analysis and management with latest technology, VRX Outsourcing styles and develops custom created software and online applications. We’ve a broad vary of technology services that deliver real business results.
VRX Outsourcing includes a huge business for outsourcing, all IT/Telecom services and many more from India. Our main preference is to achieve your trust through our commitment and integrity, extending most prices to you and pains to exceed your expectations.
Centric is a management and technology consulting firm with over 500 consultants in the US and 200 globally. They have extensive experience delivering over 250 high-profile projects for major carriers throughout the US. Centric aims to provide seasoned consultants and favorable pricing through a lower overhead structure, while building long-term client relationships. Their services include business intelligence, process improvement, core systems modernization, and digital strategies.
We are a product based startup and our main focus area is predictive analysis, modeling and usability. We provide product and solutions to solve most complex and difficult problems in the domains of finance,Insurance, retail, education, legal, and government.
The Gemini is a software development and IT consulting company with over 19 years of experience and over 100 employees across multiple development centers in India. They provide a wide range of custom software and IT services including web and mobile app development, digital transformation services, and industry-specific solutions for healthcare, education and other sectors. Their development process focuses on quality, adaptability and cost-effectiveness to produce customized solutions that help clients succeed.
Vee Technologies is a strategic services company that specializes in insurance claim processing and administrative services. For over 20 years, leading insurance companies have outsourced their payor processing transactions to Vee Technologies, reducing costs by 30% while improving quality and turnaround times. Vee Technologies provides end-to-end healthcare insurance claim processing using teams in the United States and India that include doctors, nurses, IT professionals and insurance data specialists. Their services include claims scanning, data capture, processing, adjudication, repricing and software solutions.
Vector Accountants is an accounting firm in Brazil that provides outsourced accounting, tax, HR, and consulting services using a team of over 50 professionals. The firm was founded in 2000 and aims to identify customized solutions and responsive service for customers through an experienced team with expertise in issues faced by growing businesses. Vector also has partnerships with other accounting networks and service providers to offer clients expanded support.
DEPL Consulting is an IT audit and advisory firm based in Lagos Nigeria. We provide a high-quality information technology consulting services that cut across governance and risk management, cybersecurity, compliance program, audit and assurance services.
IMC is a global organization of independent management consultants that offers a unique approach to delivering real value to clients. They have experts with experience across various functions and industries. IMC can help clients with strategic planning, operations, mergers and acquisitions, auditing, and other management consulting needs. Choosing IMC provides clients with highly experienced executives who get involved throughout a project to produce effective and sustainable results.
What Lessons Can New Investors Learn from Newman Leech’s Success?Newman Leech
Newman Leech's success in the real estate industry is based on key lessons and principles, offering practical advice for new investors and serving as a blueprint for building a successful career.
“Amidst Tempered Optimism” Main economic trends in May 2024 based on the results of the New Monthly Enterprises Survey, #NRES
On 12 June 2024 the Institute for Economic Research and Policy Consulting (IER) held an online event “Economic Trends from a Business Perspective (May 2024)”.
During the event, the results of the 25-th monthly survey of business executives “Ukrainian Business during the war”, which was conducted in May 2024, were presented.
The field stage of the 25-th wave lasted from May 20 to May 31, 2024. In May, 532 companies were surveyed.
The enterprise managers compared the work results in May 2024 with April, assessed the indicators at the time of the survey (May 2024), and gave forecasts for the next two, three, or six months, depending on the question. In certain issues (where indicated), the work results were compared with the pre-war period (before February 24, 2022).
✅ More survey results in the presentation.
✅ Video presentation: https://youtu.be/4ZvsSKd1MzE
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
2. An Interactive Certificate of Insurance Monitoring Company
How You Will Benefit
Securing a valid Certificate of Insurance is Decrease Operational Costs and Improve Compliance
an essential element in your overall risk Effectively administering the high, continuous volume of transactions associated
control program. Ebix BPO offers a full with managing certificates of insurance requires a significant effort by your staff
service, outsourced solution for tracking, and; the cost associated with performing this work adds to operational costs.
validating and electronically storing your Partnering with Ebix will allow your ogranization to reduce the overall cost of
performing this work.
incoming Certificates of Insurance,
relieving your organization of this time-
Ebix BPO is focused on helping organzations improve compliance rates. Taking
consuming, labor intensive task.
advantage of Ebix BPO’s expertise, tracking approach and customized systems,
the compliance rate achieved by your organization will increase.
Saving You Time
Saving You Money
3. An Interactive Certificate of Insurance Monitoring Company
We Reduce Your Risk
Compliance Monitoring Experts
Increase Corporate Control You will be working with the Industry leader in tracking and monitoring
Create Long-Term Value Certificates of Insurance and can trust our people, who have years of
experience working with hundreds of organizations on insurance compliance
issues. Our attention to detail and consistent follow-up increases your
compliance rate and reduces your uninsured and underinsured loss exposure.
You can always be confident we’ll do the necessary follow-up to make sure
that those with whom you do business are fulfilling their obligation to
maintain and show evidence of required insurance coverage.
You Take Control
Standard and Customized Reports
Ebix BPO provides you with a broad range of standard reports for managing
and monitoring insurance compliance.You have the ability to generate real-
We create long-term value for our clients by
time operational and management level reports that provide the necessary
investing heavily in technology, quality assurance,
insight to make decisions and manage the results of the program.
infrastructure and processes. We will tailor specific
solutions to meet your needs and work toward Customized reports can also be created based on your specific needs and
attaining your goal of higher Insurance Compliance. objectives. All of the work we do for you is documented in our secure
system, available for viewing 24/7 via a secured website.
4. An Interactive Certificate of Insurance Monitoring Company
We Make Sure That You Benefit
Ebix BPO pioneered outsourced insurance certificate monitoring services
during the mid 1990’s, and today remains the world’s single largest provider
We Are Innovative Thinkers of this service.
Our experts in Insurance, Technology, Operations and Quality Control can
Dedicated to You meet with your team to understand your requirements and your current
process. We use this information to build a comprehensive and highly
specific solution to meet your organization’s unique needs. Our training
program will ensure your understanding of the Ebix BPO process, and our
support team is always available to help.
Since Ebix BPO is a full service, outsourced solution for tracking and
managing incoming Certificates of Insurance, our Mission focuses on
three key aspects; Our Customers, Our People, and Our Results.
5. An Interactive Certificate of Insurance Monitoring Company
Some of the Industries we Serve
Ebix BPO is proud of its leadership position in the industry and its many
pioneering achievements. We look forward to the opportunity to discuss
your needs with you and ultimately add your organization to our
continually growing roster of satisfied clients.
! Aviation ! Petroleum
! Banking ! Pharmaceuticals
! Chemical ! Property Management & Real Estate
! Commercial Finance ! Restaurant
! Entertainment ! Retail
! Food Service ! Telecommunications
! Franchise ! Transportation
! Government ! Universities and institutions
! HealthCare ! Utilities
! Manufacturing
A Broad Range of Industry
Leading Our Expertise
Ebix BPO is proud of its leadership position in the industry and its many
pioneering achievements. We look forward to the opportunity to discuss
your needs with you and ultimately add your organization to our Schedule your FREE Demonstration
continually growing roster of satisfied clients. kpaul@ebix.com
6. An Interactive Certificate of Insurance Monitoring Company
"Over the years Ebix BPO has delivered the service we
Ebix BPO Process Flow & System Features
need. Selecting them to track our Certificates of
Insurance was an excellent decision."
- Costco Wholesale
"We found outsourcing our compliance tracking to
be a cost effective solution."
- Shorenstein Real Estate Management
"Since we implemented the Ebix BPO program, the
time I spent dealing with subcontractor insurance issues
has diminished considerably."
- Kenny Construction
Fast Reports
Easy to Follow Process Schedule your FREE Demonstration
kpaul@ebix.com
7. It’s Time to Think Simple Tracking
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