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National Post
29 minutes ago
- National Post
Vertikal RMS Launches Hawk-I: AI-Powered Revolution in Certificate of Insurance Compliance Tracking
Article content PLAINVIEW, N.Y. — Vertikal Risk Management Solutions (RMS), a leader in third-party risk management technology, proudly announces the launch of Hawk-I, its proprietary, groundbreaking artificial intelligence tool integrated into its flagship COI tracking platform, CertFocus. This innovation marks a significant advancement in automating and streamlining the traditionally manual and error-prone process of Certificate of Insurance (COI) verification and compliance tracking. Article content With Hawk-I, Vertikal RMS takes a significant leap toward fully automated insurance compliance tracking, empowering organizations to operate faster, smarter, and with greater confidence. Article content Article content 'Hawk-I represents a transformative leap forward in third-party risk management. By automating the COI review process, we're empowering organizations to proactively manage risk, ensure compliance, and protect their operations from potential liabilities.' Article content For decades, organizations have grappled with the challenges of manually reviewing and tracking COIs from vendors, contractors, and suppliers—a process often fraught with delays, human error, and inconsistencies. Hawk-I addresses these issues head-on by leveraging advanced AI technologies, including natural language processing (NLP) and machine learning, to extract and analyze insurance data from both structured and unstructured sections of ACORD Certificates of Insurance. This enables real-time compliance assessments, significantly reducing turnaround times from days to mere seconds. Article content Key Features and Benefits of Hawk-I: Article content Instant COI Data Extraction: Accurately captures policy information from Certificates of Insurance, minimizing errors and manual data entry. Real-Time Compliance Status: Provides immediate feedback on compliance, enabling swift action to address any issues. Cost Efficiency: Reduces administrative burdens and associated costs by automating labor-intensive processes. Enhanced Collaboration: Facilitates better communication between compliance officers, procurement teams, and vendors through transparent and responsive processes. Article content Hawk-I's adaptability extends beyond COI management, with capabilities to interpret other business documents and compliance records, making it a versatile asset across various departments and industries. Article content This launch underscores Vertikal's commitment to innovation and excellence in risk management solutions. By integrating Hawk-I into CertFocus, Vertikal continues to provide clients with cutting-edge tools to navigate the complexities of third-party risk and compliance. Article content About Vertikal RMS Article content Vertikal RMS is a premier provider of risk management technology solutions, specializing in Certificate of Insurance tracking and vendor prequalification. With a focus on innovation and customer success, Vertikal delivers scalable, integrated, and customizable platforms designed to mitigate risk and enhance operational efficiency. Article content Article content Article content Article content Contacts
National Post
44 minutes ago
- National Post
Rimini Street Announces the Extension of Support for All SAP ECC 6.0 and S/4HANA Releases Through 2040
Article content All SAP software licensees can now easily extend the useful life and maximize the full value of their current, proven and stable mission-critical systems and enjoy total maintenance savings of up to 90% without the requirement of a costly and risky migration to S/4HANA on RISE Article content LAS VEGAS — Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, management and innovation solutions, and the leading third-party support provider for Oracle, SAP and VMware software, today announced it has extended full support coverage for all SAP ECC 6.0 and S/4HANA releases through 2040, without any need to complete a migration to S/4HANA on RISE as required by SAP for clients who want to remain on SAP's Annual Support and receive full support. Article content 'The SAP ECC 6.0 and older S/4HANA releases can deliver excellent and stable operations for 15 or more years with Rimini Street's proven, ultra-responsive support for SAP.' – Seth Ravin, CEO, Rimini Street Article content Current Rimini Support™ for SAP clients are not impacted by SAP's end-of-maintenance dates. With unmatched support, service and guidance from Rimini Street as a single, trusted partner – clients can keep systems running smoothly, stay in full tax and legal compliance and re-allocate IT budget savings to self-fund innovation. Rimini Street launched Rimini Support for SAP over fifteen years ago and currently supports hundreds of SAP ECC 6.0 and S/4HANA clients. This announcement extending SAP ECC 6.0 and S/4HANA support for another fifteen years applies to both current and new clients who are seeking to drive maximum ROI out of their SAP software investment and enjoy total annual maintenance savings of up to 90% and avoid the cost and risks of a low-value migration to S/4HANA on RISE. Article content 'Rimini Street's announcement that it will support all SAP releases until 2040 is most welcome news to SAP ECC customers such as ourselves,' said Nobuo Norisue, president of AUTOBACS Digital Initiative Co., the group IT infrastructure of AUTOBACS, Japanese retailer of automotive parts and accessories. 'As a very satisfied client of Rimini Support™ for SAP since 2016, having the option to stay on our ECC system until 2040 with the support of Rimini Street opens up many new doors for us, especially at a time when we are designing our next-generation IT foundation and architecture while balancing budgets and delivery timeline. Rimini Street's continued support provides us with more time, funds and options for a smart path forward.' Article content 'According to industry analysts, an estimated 20,000 SAP ECC licensees have not even licensed S/4HANA, and many of those who have licensed S/4HANA still have not completed an S/4HANA or S/4HANA on RISE migration,' said Seth Ravin, CEO of Rimini Street. 'The SAP ECC 6.0 and older S/4HANA releases can deliver excellent and stable operations for 15 or more years with Rimini Street's proven, ultra-responsive support for SAP. There is no need for SAP licensees to undergo major costs, risks and disruption to their operations for a software migration that many believe is unnecessary and low value, compared to the value of investing in new technologies like enterprise AI, workflow and task automation – that can bring immediate value to the organization.' Article content Rimini Street Extends the Useful Life of All SAP ECC 6.0 and S/4HANA Releases Article content SAP's Mainstream Maintenance for ECC 6.0 is scheduled to end by 2027, but for those on enhancement packs 0-5, the end date is December 31, 2025. Similarly, SAP S/4HANA has several releases where Mainstream Maintenance has already ended or will end in 2025, 2026, or 2027, depending on the version. SAP's Extended Maintenance is available for some versions of ECC 6.0 and S/4HANA, but not all, and at a significant cost increase. The full list of maintenance end dates can be found here. Article content Rimini Street clients can avoid the endless cycles and risks of vendor-mandated upgrades, migrations and replatforming, benefitting from: Article content Immediate savings of up to 50% off SAP annual support fees, with savings of up to 90% on total support costs A named, dedicated Primary Support Engineer (PSE), backed by a deep bench of SAP experts across the globe, and Rimini Street's patented and proprietary AI tools and processes for fast, accurate issue resolution Comprehensive support that covers customizations at no additional charge, helping to lower daily IT operating costs and preserve processes of competitive differentiation Guaranteed SLAs of ten-minute response time for critical cases, averaging less than two-minute response times for both Priority 1 and 2 cases in 2024 Article content 'We predict the future of ERP will forever be changed in the next five to ten years, with ERP software replaced by new, faster and more flexible agentic ERP processes that we are already deploying for clients,' said Ravin. 'Already, Rimini Street clients have saved $9 billion dollars in IT operating costs and are self-funding innovation to propel them forward without being slowed down with unnecessary, costly and risky upgrades, migrations and replatforming. Rimini Street clients are disruptors, not the disrupted.' Article content About Rimini Street, Inc. Article content Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000 ® Company, is a global provider of end-to-end enterprise software support and innovation solutions and the leading third-party support provider for Oracle, SAP and VMware software. The Company offers a comprehensive portfolio of unified solutions to run, manage, support, customize, configure, connect, protect, monitor, and optimize enterprise application, database, and technology software. The Company has signed thousands of contracts with Fortune Global 100, Fortune 500, midmarket, public sector and government organizations who selected Rimini Street as their trusted, proven mission-critical enterprise software solutions provider and achieved better operational outcomes, realized billions of US dollars in savings and funded AI and other innovation investments. Article content To learn more, please visit and connect with Rimini Street on X, Facebook, Instagram, and LinkedIn. Article content Forward-Looking Statements Article content Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as 'anticipate,' 'assume,' 'believe,' 'continue,' 'could,' 'currently,' 'estimate,' 'expect,' 'forecast,' 'future,' 'intend,' 'may,' 'might,' 'outlook,' 'plan,' 'possible,' 'goal,' 'potential,' 'predict,' 'project,' 'seem,' 'seek,' 'should,' 'will,' 'would' or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street's business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, adverse developments in and costs associated with defending pending litigation or any new litigation, including the disposition of pending motions to appeal and any new claims; any expenses to be incurred to comply with any injunction ordered by the courts relating to the Rimini II litigation matter and the impact on future period revenue and costs incurred related to these efforts; changes in the business environment in which Rimini Street operates, including the impact of any recessionary macro-economic trends, heightened geopolitical tensions and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which we operate and the industries in which our clients operate; the evolution of the enterprise software management and support landscape and our ability to educate the market to attract and retain clients and further penetrate our client base; significant competition in the software support services industry and our intentions with respect to our pricing model; customer adoption of our expanded portfolio of products and services and products and services we expect to introduce; our expectations regarding new product offerings, partnerships and alliance programs, including but not limited to our partnership with ServiceNow; our ability to grow our revenue and accurately forecast revenue, along with the results of any efforts to manage costs in light of current revenue expectations and expansion of our offerings; the expected impact of reductions in our workforce during the last and current fiscal year and associated reorganization costs; estimates of our total addressable market and expectations of client savings relative to use of other providers; variability of timing in our sales cycle; risks relating to retention rates, including our ability to accurately predict retention rates; the loss of one or more members of our management team; our ability to attract and retain additional qualified personnel; our business plan, our ability to grow in the future and our ability to achieve and maintain profitability; our plans to wind-down the offering of services for Oracle PeopleSoft products; the volatility of our stock price and related compliance with stock exchange requirements; our need and ability to raise equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; risks associated with global operations; our ability to prevent unauthorized access to our information technology systems and other cybersecurity threats; any deficiencies associated with generative artificial intelligence (AI) technologies potentially used by us or used by our third-party vendors and service providers; our ability to protect the confidential information of our employees and clients and to comply with privacy regulations; our ability to maintain an effective system of internal control over financial reporting; our ability to maintain, protect and enhance our brand and intellectual property; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take; tariff costs (including tariff relief or the ability to mitigate tariffs, in light of new or increased tariffs imposed by the United States government and the potential for retaliatory trade measures by affected countries); a failure by us to establish adequate tax reserves; our ability to realize benefits from our net operating losses; any negative impact of environmental, social and governance matters on our reputation or business and the exposure of our business to additional costs or risks from our reporting on such matters; our ability to maintain our good standing with the United States government and international governments and capture new contracts with governmental entities; our credit facility's ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; uncertainty as to the long-term value of Rimini Street's equity securities; catastrophic events that disrupt our business or that of our clients; and those discussed under the heading 'Risk Factors' in Rimini Street's Quarterly Report on Form 10-Q filed on May 1, 2025, and as updated from time to time by Rimini Street's future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street's expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street's assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street's assessments as of any date subsequent to the date of this communication. Article content © 2025 Rimini Street, Inc. All rights reserved. 'Rimini Street' is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein. Article content Article content Article content Article content Article content Contacts
Globe and Mail
an hour ago
- Globe and Mail
Digital Silk CEO Publishes Fast Company Article Urging U.S. Businesses to Prepare for the AI Shift
Miami, Florida--(Newsfile Corp. - June 5, 2025) - Digital Silk, an award-winning agency focused on creating brand strategies, custom websites and digital marketing campaigns, has announced the publication of a new feature by its CEO, Gabriel Shaoolian, in Fast Company. The article, titled "Forget Tariffs-AI Is the Business Shift Leaders Should Prepare For", explores how generative AI is reshaping internal workflows, product development, and brand strategy across U.S. enterprises. Employee using AI To view an enhanced version of this graphic, please visit: The piece outlines the broader business implications of AI integration, contrasting its long-term operational impact with short-term political or economic concerns like tariffs. Based on Digital Silk's current partnerships and digital transformation work with mid- to large-scale businesses, the article identifies areas where brands may need to restructure teams, retrain talent, and adopt adaptive digital infrastructures. "AI is not just a tool-it's reshaping how entire business ecosystems operate," said Gabriel Shaoolian, CEO of Digital Silk. "This article outlines some of the early patterns we're observing and how brands may begin positioning themselves more strategically for long-term resilience." A Strategic Perspective on AI's Business Impact Digital Silk reports a noticeable shift in client inquiries toward AI-related services, particularly in branding and digital product design. Common initiatives include: Exploratory AI prototyping for internal tools and customer service Brand repositioning to reflect AI-enhanced product offerings Cross-functional team restructuring to align with automation UX redesigns incorporating AI-assisted personalisation or prediction These moves reflect a broader business trend as U.S. companies begin preparing for operational shifts that extend beyond front-end automation. AI in the U.S. Business Landscape 61% of U.S. executives say their organisations are already using generative AI, according to a 2024 McKinsey report 39% of businesses have redesigned workflows due to AI adoption AI spend is expected to surpass $200 billion annually by 2025 (Statista) The full Fast Company article is now available to read here. About Digital Silk Digital Silk is an award-winning Miami web design agency focused on growing brands online. With a team of seasoned experts, Digital Silk delivers industry-leading digital experiences through strategic branding and cutting-edge web design to support engagement and improve visibility through digital marketing.
