Sbfd Indian B2B Payments Firm PayMate Planning $400M IPO
TurboTax maker Intuit debuted a new product suite for mid-market businesses.Intuit Enterprise Suite is designed to serve an $89 billion total addressable market of larger, mid-market businesses whose needs become more complex as they scale, according to a Tuesday Sept. 17 press release. As businesses grow, so does the complexity of running their business, Intuit CEO Sasan Goodarzi said in the rele <a href=https://www.stanley-cups.ro>stanley cup romania</a> ase. Intuit Enterprise Suite fuels growth by helping customers run their business on one end-to-end business platform. This mid-market solution is powered by Intuits data and AI platform, boosting productivity through powerful automation, and unlocking business intelligence with actionable insights. The Enterprise Suite is designed to reduce manual, repetitive tasks via streamlined processes, while placing financial management and accounting capabilities, payroll, payments and bill pay into a single tool, according to the release.The announce <a href=https://www.stanley-cup.cz>stanley termosky</a> ment follows the Sept. 4 release of major updates to the companys generative artificial intelligence operating system, GenOS.Intuit, whose other products include QuickBooks, Credit Karma and MailChimp, said in July it was eliminating 1,800 jobs 鈥?10% of its workforce 鈥?with plans to hire a nearly equivalent number of employees during the next year to support its growth areas.In a message to employees included in the companys securities filing, Goodarzi said t <a href=https://www.cups-stanley-cups.us>stanley website</a> he cuts were coming as Intuit was upping its investments in AI. We were early t Uqsz Moving Mortgages Into The Mobile Era
In an effort that could help preserve 425 locations and the jobs of up to 50,000 workers, Sears Holdings Corp. Chairman Eddie Lampert made a takeover bid of $4.4 billion for the company. The bid was placed by Transform Holdco LLC, an affiliate of the ESL Investments hedge fund, Reuters reported.According to a spokesperson for ESL: Factoring for all consideratio <a href=https://www.stanleycup.fr>gourde stanley</a> ns, we believe that our going concern bid provides the best path forward for the company, the best option to save tens of thousands of jobs, and is superior for all of Sears stakeholders to the alternative of a complete liquidation. Much work remains and there is no assurance our proposal will be completed. Lampert bid was partly backed by funding from multiple financial institutions. According to unnamed sources cited by the outlet, the institutions are said to have agreed to a revolving credit line of $350 million and an asset-backed loan of $950 million.In addition, Reuters reported that the bid taps into financing of approximately $400 million by non-bank lenders and $1.8 billion of Sears debt that ESL intends to forgive. It also reportedly considers taking on Sears <a href=https://www.stanleycup.com.de>stanley becher</a> protection agreements for big-ticket items like lawn tractors and televisions.According to an Associated Press report, ESL noted that it believes the retailer would come out of bankruptcy if the bid is accepted. Over time, ESLs Lampert has offered up Sears ; brands like Craftsman, as well as spun-off businesses, to buy time <a href=https://www.stanleycups.cz>stanley termoska</a> for the retailer