Increasing Overseas Mortgage Enquiries taking advantage of UK's Stamp Duty Holiday

The stamp duty holiday means there is much more activity in the UK property market

Many overseas buyers are looking to capitalise on the stamp duty holiday offered by the UK chancellor.

The stamp duty holiday currently offered by the UK is causing a surge in mortgage enquiries from foreign investors looking to buy in the UK.

What the stamp duty holiday presents is a massive financial saving, the likes of which we’ve never seen before and are unlikely to ever see again.”

— Stuart Marshall

MANCHESTER, GREATER MANCHESTER, UK, August 12, 2020 /EINPresswire.com/ — Overseas Mortgage Enquiries Increasing.
The UK property market is completely unique at the moment. Whilst many countries are experiencing a period of depression in their housing markets, the demand in the UK has been at unprecedented levels in the last few months. Much of the demand is from foreign investors and UK Expats living abroad. There are many reasons for this. For one, the domestic market has low levels of consumer confidence because UK residents are expecting the economic fallout from COVID-19 to be severe. However, one of the main contributors to the surge in mortgage enquiries from overseas buyers is the UK’s stamp duty holiday, saving would-be property buyers substantial sums of money.

According to John Squires, Head of Mortgages at Liquid Expat Mortgages, ‘The current situation with UK Expat Mortgages and Foreign Nationals looking for UK Mortgages is unprecedented. Overseas buyers are seeing the once in a lifetime opportunity of a stamp-duty holiday combined with domestic buyers' reluctance to purchase because of all the financial uncertainties caused by COVID-19. Add to this the foreign investors who are looking to buy now because of the impending 2% stamp duty surcharge for foreign buyers, and you have the perfect storm to incentivise taking advantage of the growing and favourable UK property market.'

‘The stamp duty holiday is a really big reason why enquiries are increasing,’ says Stuart Marshall, CEO of Liquid Expat Mortgages. ‘Potential investors are taking this incredible opportunity offered to them by the UK Chancellor. What the stamp duty holiday presents to them is a massive financial saving, the likes of which we’ve never seen before and are unlikely to ever see again. In the 13 years Liquid Expat Mortgages has helped UK Expats and Foreign Nationals secure buy-to-let, residential and indeed most types of UK mortgages, this situation is totally unique!'

Stamp Duty Holiday
From the 8th of July 2020 to the 31st of March 2021, buyers are exempt from paying stamp duty on properties up to a value of £500,000. Before the change, anyone buying a property over £125,000 had to pay stamp duty as follows:

– For properties between £125,001 and £250,000: 2%.
– For properties between £250,001 and £925,000: 5%.
– For properties between £925,000 and £1,500,000: 10%.
– For properties over £1,500,000: 12%.

It’s clear that what the stamp duty holiday amounts to is a massive saving for anyone looking to buy a property in the UK. To see how much you might save, visit our Stamp Duty Calculator.

‘When you take a look at the numbers, someone buying a £300,000 property will save £5,000. The more you’re spending, the bigger the saving. For example, buying a £500,000 property – the maximum value allowed under the new rules – you will make a saving of £15,000.’

The Stamp Duty Surcharge Increase
In April 2021, the stamp duty situation will change again as an additional 2% surcharge will be added for non-UK buyers. This means that, after April 2021, overseas buyers purchasing property in the UK will pay a 2% surcharge on top of stamp duty. As many foreign investors are buying a second home or a buy-to-let property, they will also pay a further 3% surcharge imposed on second homes and investment properties. In most cases then, foreign investors will be paying at least 7% extra on any UK property after April 2021. However, this can rise up to as much as 17% for those buying properties in the highest stamp duty bracket.

With this 2021 deadline, overseas investors are desperate to grab their slice of the lucrative UK property market and take advantage of the historically low UK mortgage interest rates and large range of deals available in the marketplace.

Contact Us.
Liquid Expat Mortgages
Unit F2, Waterfold Business Park,
Bury BL9 7BR
Phone: 0161 871 1216
www.liquidexpatmortgages.com

Any media enquiries please contact Ulysses Communications
sergio@ulyssescomunications.com
00 44 161 633 5009

sergio pani
Ulysses
+44 7811 326463
email us here
Visit us on social media:
Facebook
Twitter


Source: EIN Presswire

How Cody Patrick from Organic Music Marketing is quickly climbing the ranks in the music industry

The young and talented music marketer is becoming a household brand in the music industry.

NEW YORK, NEW YORK, USA, August 12, 2020 /EINPresswire.com/ — Cody Patrick, the founder and owner of Organic Music Marketing in Atlanta, GA has quickly caught on to become one of the most influential music marketers in the industry. The agency which Patrick started a few years back has already been working in collaboration with some high-end music producers and artists.

Although the young and talented music marketer has been working on and off in the music industry for almost 15 years, in more recent months, Patrick has managed to rank in some very lucrative clients and artists. His promotions company, Organic Music Marketing has taken him years of hard work and resources to finally establish itself as an influential company in the music industry. “I saw what it takes to build a company or brand people trust and want to be associated with, and after witnessing the mishaps and failures I’ve been lead to as a manager in the industry, I decided to just do my own thing and run with it,” Patrick tells us.

Patrick who is native to Atlanta and received a bachelor’s degree in Business Administration at Eckerd College in St. Petersburg, FL, has recently become part of the A&R team at Asylum Records. Additionally, Patrick is well-equipped with an extensive list of frequent collaborations such as Atlanta’s visual production giant, Resolve Media Group. His background knowledge of business and building his network in the music industry has given him a lot of traction to build and foster his company.

It has taken him quite some time to establish, but Patrick has always seen every challenge as an opportunity to promote other artists, building a bond with their music – looking for innovative and creative ways to market their campaigns.

“I was never really one for rapping, or conducting the music, I was interested in what happens behind the scenes. The ins and outs of how artists get discovered, to the day when they finally release their first album,” shares, Patrick. “The music industry is a tight-knit community, each of us has the opportunity to help one another, but if you have someone on your team who struggles to find imaginative ways to run and promote your music, your music will never reach its listeners.”

In the past, Patrick has shared many terrible encounters with other PR agencies and music marketing groups that could not instill trust and authenticity in their promises. After years of unsuccessful or disappointing confrontations, Patrick then decided to use his knowledge and resources to start Organic Music Marketing.

In recent years, as a producer with Resolve, Patrick has produced music videos for Migos (Bad and Boujee), DRAM (Broccoli), Rapsody (Sassy), and TI and Meek Mill (Jefe). This is only the tip of the iceberg, with Organic Music having listed Future, 2 Chainz, Yo Gotti, T-Pain, YFN Lucci, Cyhi the Prynce, Mac Miller, and various other artists as some of their past collaborations.

Many who have worked with Patrick and his team in the past have shared how the company is consistent in everything they do, delivering promising results and looking for creative ways to support their clients.

“Writing and producing a single track, never mind a whole album takes dedication and a lot of effort, so why shouldn’t it be recognized for what it is. In my years, I have seen how the industry works, and going with the stream never delivers positive results,” he shares notably.

Organic Music Marketing has already been ranked as one of the top ten music PR companies in the world, with many more exciting collaborations to come from Patrick and his team. For more information about Cody Patrick or Organic Music Marketing, you can reach out via the websites below.

https://www.ceocodypatrick.com

https://www.organicmusicmarketing.com

Sitetrail Media (Press Agent)
Organic Music Marketing
+44 20 3287 1724
email us here


Source: EIN Presswire

Peter Diamond Weighs in on President Trump’s Payroll Tax Deferral

Peter Diamond CFO

Peter Diamond Weighs in on President Trump’s Payroll Tax Deferral

SCOTTSDALE, AZ, USA, August 12, 2020 /EINPresswire.com/ — Last Saturday President Trump signed execute action to defer payroll tax collection from September 1, 2020 until December 31, 2020 for individuals making less than $104,000 annually or less than $2,000 per week. Currently, employees must pay FICA or Federal Insurance Contributions Act taxes of 6.2% on wages capped out at $137,700.

The key word in the executive action is that the payroll taxes are deferred, meaning that the amount of tax the employees or employers actually owe does not change, it is simply deferred to a later date. Without the act of Congress, President Trump’s executive action can’t permanently eliminate or forgive the deferred taxes. Any employees and employers choosing to defer will be accumulating debt with the IRS. Considering that the FICA taxes are what funds Social Security, it is extremely unlikely that Congress will get behind the executive action. My recommendation for now is business as usual until there is more clear and permanent guidance moving forward.

Peter Diamond
US Tax
+1 6024668815
email us here
Visit us on social media:
LinkedIn


Source: EIN Presswire

Global Challenger Bank Market 2020 Key Players, Industry Size, Share, Segmentation, Analysis and Forecast by 2026

wiseguyreports.com Adds “Challenger Bank Market: Demand, Growth, Opportunities and Analysis of Top Key Player Forecast To 2026” To Its Research Database

PUNE , MAHARASHTRA, INDIA, August 12, 2020 /EINPresswire.com/ — Global Challenger Bank Industry

New Study Reports “Challenger Bank Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports.

Market Overview

The Global Challenger Bank Market reports published on the reputed Wise Guy Reports (WGR) are highly reliable. The Global Challenger Bank Market report on WGR website, likewise offer significant information on the market. As per the report, the Global Challenger Bank Market overall progress appears good for the analysis period. The review period of the market is 2020 to 2026. Latest methodologies for research of the Global Challenger Bank Market was employed to study advances of the Global Challenger Bank Market. Other crucial analysis were done to understand the rise of the market. There are different forces controlling the Global Challenger Bank Market, which are revealed in-depth. Market size and valuation across the analysis period is predicted in the report. COVID 19 and border tension impact on the Global Challenger Bank Market is discussed in detail.

This report focuses on the global Challenger Bank status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Challenger Bank development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

The key players covered in this study
Atom Bank
Movencorp
Simple Finance Technology
Fidor Group
N26
Pockit
Ubank
Monzo Bank
MyBank (Alibaba Group)
Holvi Bank
WeBank (Tencent Holdings Limited)
Hello Bank
Koho Bank
Rocket Bank
Soon Banque
Digibank
Timo
Jibun
Jenius
K Bank
Kakao Bank
Starling Bank
Tandem Bank

Try Free Sample of Global Challenger Bank Market @   https://www.wiseguyreports.com/sample-request/5299209-covid-19-impact-on-global-challenger-bank-market

Segmental Analysis

The research covers market segmentation of the Global Challenger Bank Market based on various factors, as well as regional segmentation. This segmentation was aimed at gaining comprehensive and accurate insights into the Global Challenger Bank Market. The work discusses the geographical divisions of Latin America, North America , Asia Pacific, Europe and Middle East & Africa.

Market Dynamics: 

The Global Challenger Bank Market report puts in efforts to understand various dynamics that are at play in the market. Their inter-relations are helping the market in gaining prominence. A better understanding of it would help in forming strategies that could ensure the furthering of the market. It also includes a study of the production flow, its impact on the end user, and maintenance of the supply chain, which can boost the market understanding. 

Research methodology

The market research team looked at the global Global Challenger Bank Market by introducing Porter's Five Force Model for the review period. Additionally, an in-depth study of SWOT is conducted to enable readers to make faster business decisions for Global Challenger Bank Market.

Market segment by Type, the product can be split into
Own banking license
Partnered with a traditional bank
Market segment by Application, split into
Personal Consumers
Business Organizations

Key Players

The study has also instilled indepth profiling on the global Global Challenger Bank Market of diverse distinguished vendors. This study also discusses different strategies adopted by different market players to gain competitive advantage over competitors, create unique product portfolios and expand their global market presence.

Report covers:

Comprehensive research methodology of Global Challenger Bank Market.
This report also includes detailed and extensive market overview with gap analysis, historical analysis & key analyst insights.
An exhaustive analy sis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the Global Challenger Bank Market.
Insights about market determinants which are stimulating the Global Challenger Bank Market.
Detailed and extensive market segments with regional distribution of forecasted revenues
Extensive profiles and recent developments of market players

If you have any enquiry before buying a copy of this report @ https://www.wiseguyreports.com/enquiry/5299209-covid-19-impact-on-global-challenger-bank-market

 Some points from table of content:

1 Report Overview
2 Global Growth Trends by Regions
3 Covid-19 Implications on Competition Landscape by Key Players
4 Covid-19 Implications on Market Size by Type (2015-2026)
5 Covid-19 Implications on Market Size by Application (2015-2026)
6 North America
7 Europe
8 China
9 Japan
10 Southeast Asia
11 India
12 Central & South America
13Key Players Profiles
13.1 Atom Bank
13.1.1 Atom Bank Company Details
13.1.2 Atom Bank Business Overview and Its Total Revenue
13.1.3 Atom Bank Challenger Bank Introduction
13.1.4 Atom Bank Revenue in Challenger Bank Business (2015-2020))
13.1.5 Atom Bank Recent Development
13.2 Movencorp
13.3 Simple Finance Technology
13.4 Fidor Group
13.5 N26
13.6 Pockit
13.7 Ubank
13.8 Monzo Bank
13.9 MyBank (Alibaba Group)
13.10 Holvi Bank
13.11 WeBank (Tencent Holdings Limited)
13.12 Hello Bank
13.13 Koho Bank
13.14 Rocket Bank
13.15 Soon Banque
13.16 Digibank
13.17 Timo
13.18 Jibun
13.19 Jenius
13.20 K Bank
13.21 Kakao Bank
13.22 Starling Bank
13.23 Tandem Bank
14Analyst's Viewpoints/Conclusions
15Appendix

For more information or any query mail at sales@wiseguyreports.com

About Us
Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available.

Contact Us:
Norah Trent
+1 646 845 9349 / +44 208 133 9349
Follow on LinkedIn: https://www.linkedin.com/company/wise-guy-research-consultants-pvt-ltd-?trk=biz-companies-cym

NOTE : Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

Norah Trent
WISEGUY RESEARCH CONSULTANTS PVT LTD
08411985042
email us here


Source: EIN Presswire

The Virtual CFO Group Launches New Website To Help Businesses Shift To Excelling In New Economy

The Virtual CFO Group

The Virtual CFO Group

Finance industry veteran and woman business leader Kim Knotts unveils new website to empower businesses to survive and thrive in the new world of remote work.

FOLSOM, CALIFORNIA, UNITED STATES, August 11, 2020 /EINPresswire.com/ — TheVirtualCFOGroup.com offers both online resources for businesses, entrepreneurs and independent professionals to learn about outsourced CFO services.

The events of 2020 have dramatically accelerated business trends. With travel restrictions, schools going 100% online, and even big tech giants like Google keeping staff working at home through at least the end of the year, small to medium sized businesses clearly have to adapt fast.

A true Virtual CFO, fills the executive team position needed by companies ranging from young tech startups to those already generating $10M a year or more in revenues. Comprehensive virtual CFO services may incorporate everything from initial financial modeling, to cash flow budgeting, regular accounting and tax strategy, to analyzing business cost cutting measures and preparing documents for fundraising and M&A transactions. By choosing a virtual Chief Financial Officer businesses can find they are leveraging better talent, while paying as little as 20-30% of the amount they would for an in-house CFO at their location, who may not be able to come to the office due to viruses or civil unrest.

Founder of The Virtual CFO Group, Kim Knotts says it is about being able to “focus on growth, knowing your finances are in order.”

The team behind this new website brings 30 years of specialized experience to the table. With Kim herself having served many companies in the Bay Area and nationwide as a Financial Advisor and Consultant for 23 years. Knotts is also an accountant and licensed real estate broker. The new website focuses on specializing in remote CFO services for startups and tech companies, real estate businesses and developers, as well as trades and construction firms.

Where this new website differentiates itself is the unique merging of forward thinking, tech savvy applications with real, personal executive level help. This is in contrast with overly expensive and outdated accounting firms, firing inexperienced freelancers, or trying to find a world class CFO in your neighborhood on a salary and benefits package that make financial sense in today’s economy.

Learn more about what a virtual CFO does, how to pick one, or consult with one for free at TheVirtualCFOGroup.com.

Kim Knotts
The Virtual CFO Group
+1 916-932-3095
email us here
Visit us on social media:
Facebook


Source: EIN Presswire

Quantum Assurance International, Inc. Partners with AI Insurance Industry Platform Leader Aureus Analytics

Quantum_Assurance_International_Aureus_Analytics_Partnership

Quantum_Assurance_International

Quantum Assurance International

Aureus_Analytics_Donna_Platform

Aureus Analytics

By using the AI powerhouse platform DONNA, our independent agents will drastically improve the customer experience of our policyholders.

Our new partnership with Aureus Analytics will expand our insight into real-time client needs”

— Justin Eggar, Chief Executive Officer at Quantum Assurance International

FREDERICKSBURG, VA, UNITED STATES, August 11, 2020 /EINPresswire.com/ — Fredicksburg, VA: Quantum Assurance International, Inc. today announced a new partnership with Aureus Analytics. This partnership will improve and enhance the customer experience by understanding and targeting key areas for success and deciding what the next best action is for our policyholders. 
 
“Our new partnership with Aureus Analytics will expand our insight into real-time client needs,” says Justin Eggar, Chief Executive Officer at Quantum Assurance International, Inc. “We deeply care about our clients and are excited about the positive impact the DONNA platform will have on our ability to meet those needs in a meaningful way.”
 
“We are excited to partner with Quantum Assurance who has focused on embracing new technologies to drive high business growth in a short period of time,” says Anurag Shah, CEO & Co-Founder at Aureus Analytics. “It’s great to see them adopt Aureus’ DONNA platform to deliver superior experience to their customers.”
 
The benefits of this new partnership will include: 
• Improving customer experience and loyalty by having real-time insights. 
• Having the main focus on our policy holder’s needs, thanks to the AI custom-designed platform specifically made for independent agents.
• Improving our client satisfaction improvement model by being able to clearly communicate to our policy holder’s needs.
• Increasing our policyholder retention.
 
About Quantum Assurance International, Inc.: 
Quantum Assurance International, Inc., is a national independent insurance agency focused on delivering the efficiencies of direct to consumer insurance models with the protection, competitiveness, and versatility of the independent insurance market. Quantum’s approach is simple: Understand the risk completely; educate the customer completely; protect the policyholder completely! We understand! You Deserve Options! For more information, visit https://www.quantumassurance.com/aureus-analytics-quantum-partnership

About Aureus Analytics:
Founded in 2013 with operations in the United States and India, Aureus is the customer intelligence and experience company that enables insurers to deliver superior customer experience leading to higher customer retention, loyalty, and lifetime value. The AI platform has processed more than 60 million insurance policy data points from customers globally. For more information, visit www.aureusanalytics.com/donna

Abby Thoresen
Quantum Assurance
+1 855-608-5526
email us here
Visit us on social media:
Facebook
LinkedIn


Source: EIN Presswire

The Strathmore Development Team Discusses A Shift of Focus to Grocery Retail in Conover, NC

Scott Chappelle East Lansing

EAST LANSING, MI, UNITED STATES, August 11, 2020 /EINPresswire.com/ — The Strathmore Development Team discusses a shift of focus to mixed-use projects and grocery retail in Conover, N.C.

Consumer desires are constantly changing, and the Strathmore Real Estate Group knows how to respond. Grocery retail and mixed-use projects are proving popular in Conover, N.C., and other cities across the country, and Strathmore Development has decided to pursue projects in those expanding markets.

Strathmore Development is always at the cutting-edge of real estate trends. The trend in the City of Conover is leaning toward developments with grocery anchors accompanied by retail stores. The newest retail center is the Conover Commerce Center, set to feature a grocery store, outparcels, and local retail stores. It sits across from a Walmart Supercenter, which means the location may become a hub for shoppers looking to purchase everything they need in one easy location.

"We're seeing a shift toward shoppers who want to complete all of their tasks in one development," Strathmore Development experts say. "Grocery anchored retail allows us to provide the grocery stores people need as well as a number of retail options to help them knock out all of their chores in one quick trip."

Strathmore Real Estate Group experts have an interest in the city of Conover, because of it's standing as the fastest growing city in the area. Conover sits just 40 miles north of Charlotte, N.C. The subject site for the Strathmore Development project is just on Highway 16 just off of Interstate 40, which sees 65,000 vehicles passing per day.

Strathmore Development experts explain that placing a grocery-anchored retail development here is a no-brainer. Mixed-use projects are becoming increasingly popular, and the Strathmore Real Estate Group considers this project an obvious choice in the rapidly growing city of Conover. The team states that this already-popular area will undoubtedly support a grocery store as well as the additional shops surrounding it.

Known as the Trade Area, this part of town is home to more than 54,000 people. Even more, Strathmore Development experts state 323 apartments are currently being built with an additional 60 apartments expected to begin construction soon. The population in Conover is expected to continue increasing rapidly, and the population will surely take to a first-class grocery-anchored retail development.

"The population is booming in this area, and we're excited to help make life more convenient for those who are moving here," Strathmore Real Estate Group experts say. "We expect the population to continue increasing, and that means business for the supermarket and other retail establishments in this development will continue to grow as well."

The Strathmore Real Estate Group has not yet released which grocery and retail stores will be entering the complex.

Caroline Hunter
Web Presence, LLC
+ +19412233529
email us here


Source: EIN Presswire

Coronavirus Tax Updates: What CPA Rachel Daddesio Wants Taxpayers To Know

Rachel Daddesio Montgomery

MONTGOMERY, TX, UNITED STATES, August 11, 2020 /EINPresswire.com/ — To say COVID-19 has thrown the world for a loop is an understatement, and CPA Rachel Daddesio is here to help taxpayers understand the changes that the government has instituted in tax policy due to the coronavirus pandemic. She understands that many taxpayers are struggling financially, and it can be tough to figure out the right moves when it comes to paying your taxes.

While the tax filing deadline has passed, it was pushed back by three months. The standard tax deadline in the United States is April 15th, and it was moved to July 15th. This change in deadline applied to both tax filing and tax payments. CPA Rachel Daddesio advises clients to pay their taxes as soon as possible if they have not already done so.

Rachel Daddesio recognizes that many people are struggling financially right now, and may be having a hard time paying their taxes. Even if you can't pay the entire tax amount that you owe, it's key to make payments. If you owe federal taxes, Rachel Daddesio recommends making a payment plan with the IRS. If you can pay your taxes in 120 days or less, the IRS offers low-interest rates and no additional fees. If you need more time to pay your taxes, Rachel Daddesio recommends setting up a monthly payment plan with the IRS. While you still may have to pay penalties (as well as have a higher interest rate than if you paid within 120 days), you'll be less likely to deal with wage garnishment or other negative consequences of not paying your taxes on time. If you owe state taxes, you'll need to check with your state revenue system to find out if they offer payment plans.

Rachel Daddesio also recommends thinking forward to how you'll pay your 2020 taxes, and meeting with a CPA now if you're worried about how much money you'll need to set aside. In these unpredictable times, Rachel Daddesio recommends erring on the side of caution when it comes to setting aside money to pay your taxes, especially if you own your own business. It's tough to tell which business will stall and which will thrive as the pandemic continues, and it's better to put away too much money than to not have enough when tax time rolls around.

If you're a business owner, Rachel Daddesio recommends paying estimated quarterly taxes, rather than waiting until April of 2021 to find out what you owe. Rachel Daddesio says that taking this proactive approach can protect you from needing to set up a long-term payment plan that will result in you paying high-interest rates in the future.

Caroline Hunter
Web Presence, LLC
+ +19412233529
email us here


Source: EIN Presswire

nQueue Merges with Legal Tech Startup Zebraworks to Deliver Cloud-Based Platform for the Business and Practice of Law

Zebraworks and ProLaw Founder Bill Bice Joins nQueue as Co-CEO

As the legal industry has quickly evolved to ‘work from anywhere,’ this deal positions us to deliver a wide cloud-based platform for both the business and practice of law.”

— Rick Hellers, President and Co-CEO at nQueue Zebraworks, Inc.

TEMPE, ARIZONA, USA, August 11, 2020 /EINPresswire.com/ — nQueue, the leading provider of printing, scanning and cost recovery solutions for the legal industry, today announced that it has completed its spinoff from parent company Reckon. Related to the transaction, nQueue has merged with legal tech startup Zebraworks to form a new, independent, private company called nQueue Zebraworks, Inc. nQueue CEO Rick Hellers and Zebraworks CEO Bill Bice will serve as co-CEOs and have full management control. Hellers, Bice and Reckon are all shareholders in the company, which is now oversubscribed for its Series A funding round.

Zebraworks is the brainchild of former ProLaw and West km founder Bill Bice and is an integration platform to move the business and practice of law to the cloud. The company’s senior executives, all of whom have moved to nQueue, are all ProLaw and Thomson Reuters veterans. “This deal is about providing us with the opportunity to bring on Bill and his team and help take their vision to market,” says Hellers. “As the legal industry has quickly evolved to ‘work from anywhere,’ it has become clearer that firms need to run in the cloud. This deal positions us to deliver a wide cloud-based platform for both the business and practice of law.”

nQueue was founded in 2003. It holds four patents for embedded applications in multifunction devices and its print management, cost recovery and/or state-of-the-art scanning and routing technology is in 37 Am Law 100 firms. “Since its earliest days, nQueue built innovative tools around less paper, better process and the concept that technology helps lawyers be more efficient, productive and ultimately more profitable,” says Bice. “That philosophy, along with the company’s deep resources, is what makes it a perfect partner for building the cloud-based technology needed to deliver a higher level of service for firms and their clients.”

Bice and Hellers are both legal technology pioneers. Hellers has been at the forefront of every meaningful technology shift in the legal industry since the late 1970s. He began his career as CFO and director of technology for two major law firms before beginning a career at legal tech service providers in 1996. Since then he has led two successful companies, including nQueue which he co-founded in 2003. Bice was founder and CEO of ProLaw, the first all-in-one practice management solution for law firms, from 1990 until its acquisition by Thomson Reuters in 2001, where he launched the company’s revolutionary West km product. He was then a venture capitalist and CEO of a variety of tech companies until launching Zebraworks to build a cloud-based platform for legal in 2019. “Rick and Bill each have decades of experience leading legal tech organizations, and together they create a sort of alchemy. The combination of these two teams is much greater than the sum of their parts,” says Clive Rabie, Reckon Group chief executive officer. “The global legal services marketplace—which according to MarketLine has a value of $668 billion—will benefit from the unique and innovative solutions they create.”

In addition to vision and leadership, the combination will provide nQueue Zebraworks with augmented development resources to deliver on its technology road map. That road map includes more products based on the company’s new and innovative Queues ecosystem, new tools to help law firms manage collections and a complete end-to-end cloud-based platform for the business and practice of law. Products already in the works include ScanQ, which will allow scanning from mobile devices and the ability to manage and route scanned documents from anywhere, and CollectionQ, which will simplify firms’ processes around collecting invoices.

nQueue Zebraworks remains dedicated to providing outstanding products and services to law firms of all sizes. “We remain fully committed to all of our existing products and will continue to provide our legendary customer support to make sure our clients always receive the service they need,” adds Hellers. “At the same time, we look forward to creating new and improved offerings, especially for those firms ready to migrate to the cloud.”

Financial terms of the agreement were not disclosed.

About nQueue Zebraworks
nQueue Zebraworks provides software-based information workflow solutions to more than 35% of the largest 250 law firms in the United States, seven of the top 20 in the U.K., seven of the largest 35 in Australia and five of the top 10 globally. It provides scanning and routing, print management and cost recovery technology and cloud-based integration tools for the business and practice of law. For more information, please visit www.nQueue.com.

Brad Blickstein for nQueue
Blickstein Group
+1 847-256-5298
email us here


Source: EIN Presswire

Fine Tune Advises Private Equity Leaders on “Fake Savings” Within Portfolio Companies

Procurement departments regularly report savings which never materialize impacting company bottom-lines

We’ve been witnessing this phenomenon for quite some time – corporate procurement incentive plans frequently reward personnel based on projections of savings rather than actual results."”

— Rich Ham, CEO, Fine Tune

CHICAGO, IL, US, August 11, 2020 /EINPresswire.com/ — Fine Tune, a provider of ‘nuisance expense’ management solutions, is warning about the prevalence of “Fake Savings” being reported within Private Equity held portfolio companies and exposing shortcomings in corporate category-management efforts.

According to Fine Tune, “Fake Savings” is cost savings that exists only in a procurement department’s projections, but never materializes to the extent projected—if at all—on the P&L.

“We’ve been witnessing this phenomenon for quite some time – corporate procurement incentive plans frequently reward personnel based on projections of savings rather than actual results,” said Rich Ham, CEO, Fine Tune. “At the Private Equity level, though, we know that what really matters is the money actually flying out the door—not projected ‘savings’ in procurement departments.”

The issue of “Fake Savings” is especially prevalent within certain burdensome and complex indirect categories. Service contract expenses such as uniform rental, waste disposal and pest control are particularly acute examples. These categories challenge portfolio companies both from a hard-dollar spend standpoint and a productivity standpoint. Furthermore, as a result of the negotiation-execution gap in these categories, they tend to drive wedges between procurement and operations when intended savings doesn’t materialize.

“‘Fake Savings’ comes with wasted time and effort, bonuses paid for results that aren’t real, and broken promises leading to inter-departmental friction,” continued Ham. “Ultimately, ‘Fake Savings’ harms the short term and then harms the long-term even more.”

Fine Tune is urging Private Equity portfolio managers and partners to immediately review the incentive plans and protocols surrounding the reporting of “savings” in their procurement departments. If it is discovered that cost savings initiatives are rewarded based on projections (upon or even before implementation and proof of actual savings), an acute vulnerability to “Fake Savings” likely exists, and the incentive to manage costs on an ongoing basis is lacking.

Furthermore, procurement departments should be encouraged to seek out solutions which come with assurances of actual cost reductions throughout the full term of multi-year engagements. Projected savings doesn’t always materialize and certainly doesn’t magically turn into earnings the moment it is projected. But real, actual cost savings moves the needle on the P&L and the impact is multiplied in future transactions.

Ham continued: “Since 2002, Fine Tune has been sourcing, negotiating, auditing and managing many of the nation's largest accounts within our targeted ‘nuisance’ categories. As private equity leaders ask their portfolio companies to do more with less, they’ll need to augment in-house resources with intelligent strategies to drive real and lasting bottom-line results.”

###

About Fine Tune
Headquartered in Chicago, Illinois, Fine Tune partners with companies to source, negotiate, manage and audit certain ‘nuisance expense’ programs. Led by executive-level industry insiders, Fine Tune has also developed proprietary auditing software which monitors client invoices to ensure adherence with the implemented agreements. Several of the world’s most recognizable brands have chosen Fine Tune, including Cargill, Pep Boys, Siemens, Advance Auto Parts, and Caterpillar. For more information, visit www.FineTuneUS.com.

Richard Young
Fine Tune
+1 843-323-0610
email us here
Visit us on social media:
LinkedIn

Who is Fine Tune?


Source: EIN Presswire