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Adyen and BCG Research Finds Embedded Payments and Finance Now a $185 Billion Opportunity — a 25% Increase in Two Years

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Embedded finance beyond payments is now a critical growth driver for Software-as-a-Service (SaaS) platforms.Less than 20% of the market is currently addressed, meaning now is the time for platforms to tap into this revenue pool and meet rising SMB demand.SaaS platforms embedding financial products are set to amplify their revenues up to 3-4x.

SAN FRANCISCO, Oct. 28, 2024 /CNW/ — Adyen, the financial technology platform of choice for leading businesses, has today launched a new report with Boston Consulting Group (BCG) which reveals a game-changing $185 billion market opportunity for SaaS platforms, a substantial 25% increase since 2022. BCG’s analysis reveals this market growth is driven by a favorable interest rate environment — due to higher bank revenues from accounts — and an overall expansion of banking revenue pools.

In parallel, the demand for embedded finance from small-and-medium-sized businesses (SMBs) — a sector typically underserved by traditional financial institutions — has broadened well beyond payments.1 This, coupled with the market’s expansion, opens a significant opportunity for SaaS platforms to embed into their offerings more advanced financial products like business accounts, loans, and issued cards. Given typical margins on these products, most platforms have an opportunity to multiply their current revenues by up to three or four times.

“Embedding financial products creates a win-win scenario: SaaS platforms deepen user relationships and unlock new revenue streams by addressing SMBs’ overlooked financial needs,” says Blake Breathitt, SVP Platforms & Financial Services at Adyen. “Our research underscores the window of opportunity for SaaS platforms to embrace embedded finance to stay competitive, or get left behind. There is an immense market opportunity here for SaaS platforms, which are in an ideal position to deliver these within their existing ecosystems.”

The market is primed with strong demand from SMBs with 50% of SMBs expressing a high likelihood of utilizing a full suite of embedded finance products in the near future, reinforcing its growth potential.

“We are observing an appetite from SMBs to consume a broader range of financial services from within their SaaS platforms, notably loans extending beyond simple cash advances or current accounts tightly integrated in receivables and payables workflows,” says Stefan Dab, Founder of BCG’s Payments and Fintech practice.

The report highlights that top platforms are now generating more than 50% of their revenues from embedded payments and finance, and shines a light on embedded finance as the next critical growth lever for SaaS. To differentiate in an increasingly competitive market, platforms must consider integrating financial products in their offering.

Adyen and BCG’s report provides a strategic playbook for SaaS platforms looking to succeed in the embedded finance space. It outlines actionable insights on differentiating products from traditional banks, optimizing go-to-market strategies, and forming effective partnerships to drive growth. To access the full report, click here.

Methodology

In partnership with Boston Consulting Group, to reassess the state of embedded finance for SaaS platforms in 2024, we conducted quantitative and qualitative research with ~30 leading platforms and ~2,000 SMBs across North America, Europe and Australia in eight industries — including F&B, Retail and Hospitality.

About Adyen

Adyen (ADYEN:AMS) is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Meta, Uber, H&M, eBay, and Microsoft.

About Boston Consulting Group

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.

Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.

1 2,000 small-and-medium-sized businesses (SMBs) surveyed across eight industries – including Food and Beverage (F&B), Hospitality and Retail – in Europe, North America and Australia.

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Verse and Arcadia Partner to Empower Organizations with Unprecedented Energy Insights

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Collaboration enables data-driven decisions that reduce costs, deliver more accurate budgets, and streamline sustainability reporting.

Key Highlights:

Verse and Arcadia have partnered to provide unparalleled insight into corporate energy cost and usePartnership combines Arcadia’s industry-leading utility data platform with Verse’s intuitive design and advanced emissions data Available as the Verse Utility Bill Management app on Verse’s Aria™ platform, the integrated solution helps organizations:
Centralize energy reportingTransform data into actionable insights Diagnose cost deviations to identify ways to reduce energy spend and avoid billing errorsEnhance power procurement planning and more accurately forecast energy spend

SAN FRANCISCO, Oct. 28, 2024 /PRNewswire/ — In an era of volatile energy costs and increasingly stringent sustainability reporting rules, Verse and Arcadia are joining forces to transform how organizations reduce, forecast, and report on their energy costs and consumption. 

Verse and Arcadia are partnering to provide unparalleled insight into corporate energy cost and use.

Verse’s Utility Bill Management app now integrates with Arcadia’s utility data platform, unlocking global data access for unparalleled visibility into corporate energy use and costs. Available on Verse’s Aria software platform, the app combines Arcadia’s extensive utility billing data and interval meter coverage — spanning thousands of providers in more than 50 countries — with Verse’s intuitive user interface and advanced emissions forecasting. By eliminating fragmented manual data entry in spreadsheets, Verse and Arcadia support data-driven decisions that can reduce costs, enable more accurate budgeting, and streamline sustainability reporting.

“We’re excited to partner with Arcadia to make corporate utility data even more accessible and usable,” said Seyed Madaeni, CEO of Verse. “We’ve heard from Fortune 500 companies that they aren’t always able to confidently forecast and reconcile their energy spend. This partnership builds trust between energy, sustainability, and finance teams by providing a platform for data-driven expectations management.”

“Structured and accessible utility data is the foundation of any advanced energy management and sustainability strategy,” said Kiran Bhatraju, CEO of Arcadia. “We’re excited to be working with Verse to deliver data and insights to their corporate clients.” 

The partnership marks a significant step forward in providing organizations with the tools they need to manage energy costs effectively and develop strategic power procurement plans. 

About Verse
Verse’s Aria™ software-as-a-service (SaaS) platform helps organizations reduce their energy costs and emissions. Our software and services support corporate energy buyers at all stages of the decarbonization journey — from understanding their current energy costs to managing a complex portfolio of clean energy assets. With unparalleled data and industry expertise, real-time analysis within minutes, and optimization for least cost, Verse helps organizations turn their energy challenges into successes. Visit www.verse.inc to learn more.

About Arcadia
Arcadia is a global utility data platform connecting the clean energy future. Our platform unlocks global energy data for businesses, powering solutions to drive electrification and decarbonization. Founded in 2014 on the belief that everyone deserves access to clean energy, Arcadia also manages the nation’s leading community solar program. Contact our team to learn more about our data platform.

View original content to download multimedia:https://www.prnewswire.com/news-releases/verse-and-arcadia-partner-to-empower-organizations-with-unprecedented-energy-insights-302288745.html

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Fortune Media and Great Place To Work Name Roth Staffing Companies to 2024 Best Workplaces for Women List

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Roth Staffing named one of the Best Workplaces for Women, Ranking #7 in the small and medium category.

ORANGE, Calif., Oct. 28, 2024 /PRNewswire-PRWeb/ — Great Place To Work® and Fortune magazine have selected Roth Staffing as one of the 2024 Fortune Best Workplaces for Women™. This is Roth Staffing’s ninth time being named to this prestigious list, this year coming in at #7 in the small and medium category. Earning a spot means that Roth Staffing is one of the best companies to work for in the country.

“We are excited and feel so honored to be recognized as one of the Best Workplaces for Women,” said Adam Roth, CEO of Roth Staffing Companies. “At Roth Staffing, we believe in empowering every individual to reach their full potential.

To determine the Best Workplaces for Women, Great Place To Work analyzed the survey responses of nearly 600,000 women who work for Great Place To Work Certified™ companies that were eligible for the list. To be considered, a company must employ at least 50 women, have at least 20% of non-executive managers who are women, and at least one female C-suite executive.

“We are excited and feel so honored to be recognized as one of the Best Workplaces for Women,” said Adam Roth, CEO of Roth Staffing Companies. “At Roth Staffing, we believe in empowering every individual to reach their full potential. This award is a testament to the culture of inclusivity, support, and opportunity we’ve worked so hard to build. It’s a win for every woman who has been part of our journey, and we couldn’t be more excited for what’s to come. Thank you to our incredible team for making this possible.”

The Best Workplaces for Women list is highly competitive. Survey responses reflect a comprehensive picture of the workplace experience. Honorees were selected based on their ability to offer positive outcomes for women regardless of job role, race, sexual orientation, work status, or other demographic identifier.

Great Place To Work analyzed the gender balance of each workplace compared with Bureau of Labor Statistics industry data. Companies were also assessed on how representation changes as women rise from front-line positions to the board of directors.

“The things that create a great workplace for women are the same basic needs that every employee has,” says Michael C. Bush, CEO of Great Place To Work. “The best workplaces have closed the experience gap, providing access and opportunity to all regardless of an employee’s gender or background.”

“Fortune congratulates the companies that made the cut for the Best Workplaces for Women,” says Fortune Editor-in-Chief Alyson Shontell. “Based on survey responses of so many women nationwide, these companies clearly demonstrate they have created workplaces where many feel valued, supported, and encouraged to do their best work.”

About Roth Staffing Companies

Roth Staffing Companies is one of the largest privately held staffing firms in the United States, operating from more than 100 locations across 20 states and the District of Columbia. Roth Staffing consists of five specialized business lines: Ultimate Staffing Services for administrative and office positions, Ledgent Finance & Accounting, Ledgent Technology, Adams & Martin Group for legal staffing, and About Talent for workforce solutions.

Roth Staffing Companies, L.P. has locations Arizona: Phoenix; California: Brea, Carlsbad, Century City, Cerritos, Costa Mesa, Fremont, Fresno, Inland Empire, Irvine, La Jolla, Los Angeles, Orange County, Oxnard, Palo Alto, Pasadena, Pleasanton, Roseville, Sacramento, San Diego, San Francisco, San Jose, Torrance, Tustin, Woodland Hills; Colorado: Denver; Connecticut: Hartford, New Haven; Florida: Boca Raton, Clearwater, Fort Lauderdale, Orlando, Tampa, West Palm Beach; Georgia: Atlanta; Massachusetts: Boston; Maryland: Baltimore, Columbia, Frederick, Rockville, Timonium; Michigan: Detroit; Minnesota: Bloomington, Minneapolis; Missouri: St. Louis, Kansas City; North Carolina: Raleigh; New Hampshire: Nashua; New Jersey: Paramus; Nevada: Las Vegas; Oregon: Portland; Texas: Austin, Dallas, Houston, North Houston, San Antonio; Virginia: Arlington; Washington: Wisconsin: Milwaukee.

About the Fortune Best Workplaces for Women

Great Place To Work selected the 2024 Fortune Best Workplaces for Women List by analyzing the survey responses of nearly 600,000 employees who work for Great Place To Work Certified™ companies that also meet the criteria for this list. To be eligible, a company must employ at least 50 women, have least 20% of non-executive managers who are women, and have at least one female C-suite executive. Company rankings are derived from 60 employee experience questions within the Great Place To Work Trust Index™ Survey.

About Great Place To Work

As the global authority on workplace culture, Great Place To Work brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Its proprietary platform and Great Place To Work Model help companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified and receiving recognition on a coveted Best Workplaces™ List.

Follow Great Place To Work on LinkedIn, X, and Instagram or visit http://www.greatplacetowork.com and sign up for the newsletter to learn more.

About Fortune

Fortune upholds a legacy of award-winning writing and trusted reporting for executives who want to make business better. Independently owned, with a global perspective and digital agility, Fortune tells the stories of a new generation of innovators, builders, and risk takers. Online and in print, Fortune measures corporate performance through rigorous benchmarks and holds companies accountable. Fortune creates communities by convening true thought leaders and iconoclasts — those who shape industry, commerce, and society – through powerful and prestigious lists, events, and conferences, such as the iconic Fortune 500, the CEO Initiative, and Most Powerful Women. For more information, visit http://www.fortune.com.

Media Contact

Samantha Cabot, Roth Staffing Companies, 714.939.8600, scabot@rothstaffing.comwww.rothstaffing.com 

View original content to download multimedia:https://www.prweb.com/releases/fortune-media-and-great-place-to-work-name-roth-staffing-companies-to-2024-best-workplaces-for-women-list-302286989.html

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Give the Gift of Family Legacy This Holiday Season with Autobiographer

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The newly-launched storytelling app debuts a limited time $99 gift price for the 2024 holiday season as well as Autobiographer Anthology, a premium-tier family service.

NEW YORK, Oct. 28, 2024 /PRNewswire/ — As the holiday season approaches, Autobiographer, the groundbreaking storytelling app, offers a unique and meaningful gift option for those who treasure family history. Launched earlier this year, Autobiographer provides a revolutionary way to preserve family legacies through authentic conversations that capture the depth and nuance of real-life stories.

Autobiographer offers a gift beyond material possessions, it preserves your family’s story for generations to come.

“The holidays are a time for family, reflection, and creating lasting memories,” said Matt Bowman, Autobiographer co-founder and CEO. “With Autobiographer, we’re offering a gift that goes beyond material possessions – the gift of preserving your family’s unique story for generations to come.”

Autobiographer transforms personal interview sessions into beautiful digital story books, creating priceless heirlooms that preserve family history. The app’s Guide engages users in thoughtful exchanges on their life experiences via voice interviews, uncovering every detail and anecdote of a story, and memorializing them into a written segment that can be edited and added to. Autobiographer organizes these chapters into a digital book, capturing every important moment for future generations.

Key features of Autobiographer for holiday gifting include:

Personalized Storytelling: The app’s proprietary question-asking architecture fosters genuine curiosity about each user’s life, creating a uniquely personalized experience.Easy-to-Use Interface: Users simply choose a personal moment when they want to converse with their Autobiographer Guide, which listens attentively and crafts conversations into written stories.Secure Storage: Leveraging Apple’s on-device security, including FaceID and iCloud encryption, Autobiographer ensures that family stories remain protected and are stored only on a user’s device. It is core to Autobiographer that every person’s story is their own.Affordable Legacy Creation: For a limited time, Autobiographer will offer a digital story book gift for $99. Additionally, our ongoing monthly membership is available for $20 per month, offering unlimited conversations and the ability to create up to 250 pages of content annually – a fraction of the cost of traditional biography services.Three Types of Shareable Content: Users can turn their conversations into personal letters, short stories, or a full-length autobiography and share them with others effortlessly, right from their devices.Autobiographer Anthology: A premium service for families, offering joint accounts and dedicated support to create individual autobiographies and a collective family story.Gift Options: Special holiday gift packages are available, allowing users to purchase Autobiographer subscriptions for loved ones.

“In a world where digital messages are often fleeting, Autobiographer offers a way to create lasting family legacies,” added Bowman. “This holiday season, give the gift of story – a present that will be cherished for generations.”

Autobiographer is available for download through The App Store (Apple). For more information on holiday gifting options, visit www.autobiographer.com/gift

About Autobiographer:

Autobiographer is a groundbreaking storytelling app that helps you discover, preserve, and share your life story through authentic and adaptive conversation. With each interaction, Autobiographer makes preserving your cherished memories effortless, intuitive, and fun. With an unwavering commitment to privacy and security, Autobiographer ensures your stories are securely stored through personal device encryption and only shared with the people you love. The founders’ guiding belief is that the world’s best stories are within us, they just haven’t been discovered yet.

View original content to download multimedia:https://www.prnewswire.com/news-releases/give-the-gift-of-family-legacy-this-holiday-season-with-autobiographer-302288005.html

SOURCE Autobiographer

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