Latest news with #MCOM
Barnama
3 days ago
- Business
- Barnama
Bursa Malaysia Publicly Reprimands MCOM For Failing To Submit Audited Financials
BUSINESS KUALA LUMPUR, Aug 8 (Bernama) -- Bursa Malaysia Securities Bhd (Bursa Malaysia) has publicly reprimanded MCOM Holdings Bhd for failing to announce its annual audited financial statements (AFS) for the 18-month financial period ended June 30, 2024, by the Oct 31, 2024 deadline. Bursa Malaysia said MCOM was found in breach of LEAP Market listing requirements (LEAP LR) for not issuing the audited financial statements together with the auditors' and directors' reports within the stipulated timeframe. 'As of now, MCOM has yet to announce the AFS 2024,' it said in a stock exchange filing. 'Bursa Malaysia views the breach seriously as timely submission of financial statements is a fundamental obligation of listed companies and of paramount importance in ensuring an orderly and fair market for securities traded on Bursa Malaysia Securities and is necessary to aid informed investment decisions,' it said. The stock exchange regulator noted that MCOM attributed the delay to insufficient and inexperienced accounting staff, high turnover, and the resignation of its external auditors on Oct 29, 2024, over unsettled audit fees. "These reasons do not justify the delay, as all listed companies are required to have the necessary funds and resources, including sufficient and available finance and accounting staff, to prepare their financial statements and ensure compliance with the listing requirements. 'MCOM also failed to demonstrate reasonable efforts, including paying the outstanding audit fees to the external auditors, to enable the commencement of the audit and the issuance of the AFS 2024 by the due date,' it said. Bursa Malaysia said that de-listing procedures have been initiated against MCOM, but it has 'decided to defer the de-listing on the condition that the company announces the AFS 2024 on or before Aug 31, 2025, as represented by MCOM.' The extension also took into account that MCOM had appointed a new auditor on May 21, 2025, it added. -- BERNAMA
New Straits Times
3 days ago
- Business
- New Straits Times
Bursa reprimands MCOM Holdings for Leap Market breach
KUALA LUMPUR: Bursa Malaysia has issued a public reprimand to MCOM Holdings Bhd for violating the Leap Market's listing requirements (Leap LR). The exchange said MCOM had breached Rule 6.13 of the listing requirements by failing to disclose its annual audited financial statements, along with the required information under Part B of Appendix 6A, as well as the auditors' and directors' reports. The reprimand was imposed under Rule 8.12 of the LEAP LR after the conclusion of due process, with Bursa considering all relevant facts, including the seriousness and impact of the breach. "MCOM has yet to announce the reports as at to-date," it said. Bursa Malaysia also instructed MCOM to make sure its board of directors reviews whether the company has enough skilled finance and accounting staff, and checks if its financial reporting policies and procedures are clear, complete, properly implemented and effective. The bourse said it takes the breach seriously because submitting financial statements on time is a basic and important duty of listed companies. It reminded MCOM of its responsibility to uphold proper corporate accountability to shareholders and the public.
The Sun
3 days ago
- Business
- The Sun
Bursa Malaysia reprimands MCOM for delayed audited financials
KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded MCOM Holdings Bhd for failing to submit its annual audited financial statements for the 18-month period ended June 30, 2024, by the October 31, 2024 deadline. The breach of LEAP Market listing requirements involved MCOM not issuing the audited financial statements alongside the auditors' and directors' reports on time. Bursa Malaysia stated, 'As of now, MCOM has yet to announce the AFS 2024.' The regulator emphasised that timely financial submissions are crucial for maintaining a fair and orderly market. MCOM cited insufficient accounting staff, high turnover, and the resignation of its external auditors on October 29, 2024, as reasons for the delay. Bursa Malaysia dismissed these justifications, stating that listed companies must have adequate resources to meet compliance obligations. The regulator noted MCOM's failure to settle outstanding audit fees, which hindered the audit process. De-listing procedures were initiated but deferred on the condition that MCOM submits the financials by August 31, 2025. The extension was granted after MCOM appointed a new auditor on May 21, 2025. - Bernama
The Star
3 days ago
- Business
- The Star
Bursa Malaysia publicly reprimands MCOM for failing to submit audited financials
KUALA LUMPUR: Bursa Malaysia Securities Bhd (Bursa Malaysia) has publicly reprimanded MCOM Holdings Bhd for failing to announce its annual audited financial statements (AFS) for the 18-month financial period ended June 30, 2024, by the Oct 31, 2024 deadline. Bursa Malaysia said MCOM was found in breach of LEAP Market listing requirements (LEAP LR) for not issuing the audited financial statements together with the auditors' and directors' reports within the stipulated timeframe. "As of now, MCOM has yet to announce the AFS 2024,' it said in a stock exchange filing. "Bursa Malaysia views the breach seriously as timely submission of financial statements is a fundamental obligation of listed companies and of paramount importance in ensuring an orderly and fair market for securities traded on Bursa Malaysia Securities and is necessary to aid informed investment decisions,' it said. The stock exchange regulator noted that MCOM attributed the delay to insufficient and inexperienced accounting staff, high turnover, and the resignation of its external auditors on Oct 29, 2024, over unsettled audit fees. "These reasons do not justify the delay, as all listed companies are required to have the necessary funds and resources, including sufficient and available finance and accounting staff, to prepare their financial statements and ensure compliance with the listing requirements. "MCOM also failed to demonstrate reasonable efforts, including paying the outstanding audit fees to the external auditors, to enable the commencement of the audit and the issuance of the AFS 2024 by the due date,' it said. Bursa Malaysia said that de-listing procedures have been initiated against MCOM, but it has "decided to defer the de-listing on the condition that the company announces the AFS 2024 on or before Aug 31, 2025, as represented by MCOM.' The extension also took into account that MCOM had appointed a new auditor on May 21, 2025, it added. - Bernama
Yahoo
29-01-2025
- Business
- Yahoo
MultiChannel Order Management Market Is Expected To Reach A Revenue Of USD 10.6 Bn By 2033, At 12.0 % CAGR: Dimension Market Research
Advancements and Projections in the Multi-Channel Order Management Market: Insights, Trends, Opportunities, and Recent Developments New York, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Market Overview The Global Multichannel Order Management Market is projected to reach a value of USD 3.8 billion by the end of 2024 and is anticipated to grow to USD 10.6 billion by 2033, with a CAGR of 12.0%. Multi-channel order management (MCOM) systems capture and manage orders from various sales points, including online stores, physical outlets, mobile platforms, and third-party channels. These systems optimize order handling, inventory, and distribution, providing customers with a seamless and integrated experience across all touchpoints. MCOM enables organizations to effectively monitor orders and manage inventory, offering real-time order status updates. Click to Request Sample Report and Drive Impactful Decisions: The US Multichannel Order Management Market The US Multichannel Order Management Market is expected to reach USD 1.0 billion by the end of 2024 and grow to USD 2.6 billion by 2033, with a CAGR of 11.3%. The rise of e-commerce and mobile shopping has increased the need for efficient order processing across various touchpoints, driving market growth in the US. Retailers are investing in sophisticated OMS to streamline inventory, enhance fulfillment efficiency, and provide real-time visibility across multiple channels. Important Insights Market Growth: The global multi-channel order management market is projected to grow by USD 6.4 billion, with a CAGR of 12.0%, from 2025 to 2033. Market Definition: Multi-channel order management refers to a system that allows businesses to efficiently manage orders from various sales channels, including physical stores, websites, online marketplaces, and social media. Component Analysis: Software is expected to lead the global market in terms of components, holding a significant revenue share in 2024. Deployment Analysis: On-premise deployment is anticipated to dominate the global market, with a substantial revenue share of 59.1% in 2024. Enterprise Size Analysis: Large enterprises are expected to lead the global market in terms of enterprise with a large revenue share by the end of 2024. Application Analysis: Order fulfillment is projected to hold the largest revenue share in the market based on application by the end of 2024. Vertical Analysis: The retail & e-commerce sector is expected to lead the market with a high revenue share of 27.1% by the end of 2024. Regional Analysis: North America is predicted to dominate the multi-channel order management market, holding the highest market share of 30.8% in 2024. Latest Trends Multi-channel order management solutions are being integrated with broader supply chain management systems to enhance visibility across all sales channels and supply chain stages. Improved coordination between suppliers, warehouses, and distribution networks is facilitated, leading to reduced lead times. Overall supply chain agility is enhanced as a result of these integrated solutions. Competitive Landscape The multichannel order management industry is highly competitive, with many large and small companies providing software and services both domestically and internationally. The market is currently moderately fragmented but is trending toward greater fragmentation. Key players in the market include IBM Corporation, HCL Technologies Limited, Oracle Corporation, and Inc. Major players are focusing on product innovation and engaging in mergers and acquisitions to enhance their product portfolios and stay competitive. Some of the prominent market players: NetSuite Magento IBM Corporation SAP SE com, Inc. Zoho Corporation HCL Tech Oracle Corporation Newfold Digital Inc. Shopify Plus Delhivery Pvt. Ltd. VTEX Others Transform your business approach with strategic insights from our report. Get in touch to request our brochure today! : Multi-Channel Order Management Market Scope Report Highlights Details Market Size (2024) USD 3.6 Bn Forecast Value (2033) USD 10.6 Bn CAGR (2024-2033) 12.0% North America Revenue Share 30.8 % The US Market Size (2024) USD 1.0 Bn Historical Data 2018 - 2023 Forecast Data 2025 - 2033 Base Year 2023 Estimate Year 2024 Segments Covered By Component, By Deployment, By Enterprise Size, By Application, By Vertical Regional Coverage North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) Market Analysis Retail and e-commerce are expected to lead the multichannel order management market, capturing the largest market share of 27.1% by the end of 2024. The rise of online business has created a constant demand for managing orders across multiple channels. As customers increasingly shop online, sellers & retailers, especially e-retailers, are seeking systems capable of handling large volumes of orders from many channels. Retail operations are evolving to include new models where retailers operate through physical stores, online platforms, social media, & mobile apps. These retailers are consistently synchronizing their store interfaces to provide a uniform customer Order Management Market Segmentation By Component Software Services By Deployment On-premises Cloud By Enterprise Size Small & Medium Enterprises Large Enterprises By Application Order Fulfillment Inventory Management Channel Integration Workflow Automation Integrated PO By Vertical Retail & E-commerce Healthcare Manufacturing Food & Beverages Automotive Others Purchase the Competition Analysis Dashboard Today: Drivers Market dynamics of multichannel order management are shaped by changing customer preferences, driven by the increased use of online channels due to digital technologies, the internet, widespread smartphone adoption, social media, and next-generation networks. As customers increasingly rely on digital platforms, organizations require dependable and customized order management solutions to effectively centralize, manage, and streamline their orders. Technological advancements are a key influence on the market, with innovations enhancing the efficiency and capabilities of order management systems. The adoption of cloud-based solutions is a major growth driver in the multichannel order management market, offering businesses scalable, flexible, and cost-effective options to seamlessly manage and integrate multiple sales channels. Opportunities There are considerable opportunities for multichannel order management as businesses aim to enhance their operations and customer experiences across multiple platforms. Businesses and government organizations are driving growth in the multichannel order management market due to the evolving landscape of consumer engagement. Emerging technologies such as big data and cloud computing are revolutionizing organizational growth and altering contemporary business strategies, shifting away from traditional models. Restraints As e-commerce businesses grow and manage multiple markets and channels, they face increased data inconsistencies and gaps due to the high volume of interactions. Advanced order management software is not immune to issues stemming from human error or flawed logic. Data gaps can lead to problems such as order cancellations and poor fulfillment. These issues contribute to a negative customer experience. The challenges and limitations of multi-channel order management systems become evident as a result. Regional Analysis North America is projected to dominate the multichannel order management market in revenue, accounting for around 30.8% in 2024, due to the region's significant technological advancements & digitalization. MCOM solutions operating in this region leverage technologies like artificial intelligence, machine learning, & data analysis to improve order management processes. These technologies allow timely information retrieval, automation of repetitive tasks, improved decision-making, & overall organizational performance & competitiveness driving the growth of the to Request Sample Report and Drive Impactful Decisions: By Region North America The U.S. Canada Europe Germany The U.K. France Italy Russia Spain Benelux Nordic Rest of Europe Asia-Pacific China Japan South Korea India ANZ ASEAN Rest of Asia-Pacific Latin America Brazil Mexico Argentina Colombia Rest of Latin America Middle East & Africa Saudi Arabia UAE South Africa Israel Egypt Rest of MEA Browse More Related Reports Data Diode Solution Market size is expected to reach a value of USD 621.2 million in 2024, and it is further anticipated to reach a market value of USD 1,892.8 million by 2033 at a CAGR of 13.2%. Kingdom of Saudi Arabia's Manufacturing Market size is expected to reach a value of USD 90.4 billion in 2024, and it is further anticipated to reach a market value of USD 143.8 billion by 2033 at a CAGR of 5.3%. Kingdom of Saudi Arabia Generative AI Market size is expected to reach a value of USD 540.9 million in 2024, and it is further anticipated to reach a market value of USD 24,424.5 million by 2033 at a CAGR of 52.7%. Kingdom of Saudi Arabia's Conversational AI Market size is expected to reach a value of USD 679.4 million in 2024, and it is further anticipated to reach a market value of USD 4,314.7 million by 2033 at a CAGR of 22.8%. Kingdom of Saudi Arabia's Big Data Market size is expected to reach a value of USD 481.0 million in 2024, and it is further anticipated to reach a market value of USD 7,769.6 million by 2033 at a CAGR of 36.2%. Free Space Optics (FSO) and Visible Light Communication (VLC) / LiFi Market is projected to reach USD 5.3 billion in 2024 and grow at a compound annual growth rate of 41.6% from there until 2033 to reach a value of USD 121.0 billion. Chiplets Market is projected to reach USD 11.2 billion in 2024 and grow at a compound annual growth rate of 48.1% from there until 2033 to reach a value of USD 384.3 billion. Augmented Intelligence Market is expected to reach a market value of USD 39.0 billion in 2024 and is anticipated to grow to USD 314.4 billion by 2033 at a CAGR of 26.1%. Chillers Market is anticipated to be valued at USD 11.9 billion in 2024 and is further expected to reach USD 18.0 billion by 2033, at a CAGR of 4.7%. Supply Chain Management Market is forecasted to reach USD 27.4 billion by the end of 2024 and grow to USD 73.8 billion in 2033, with a CAGR of 11.6%. Recent Developments In March 2023, Cymbio uncovered a cloud-based multichannel commerce support platform designed to automate the sales process for companies & retailers. In February 2023, CommerceJet introduced a new all-in-one e-commerce platform for managing multichannel e-commerce which simplifies many aspects of e-commerce, including inventory, fulfillment, & procurement, allowing businesses to streamline shipping, manage inventory, and handle procurement from a single platform. In August 2022, Shopify Inc. announced its acquisition of Deliverr, Inc. to improve its e-commerce order fulfillment capabilities which provides a comprehensive logistics platform for merchants, covering everything from inventory receipt to smart distribution. In July 2022, Oracle collaborated with Big Ray's, a multi-channel business well-integrated into its community which allows it to manage its financial operations, inventory, order management, point-of-sale, and e-commerce functions through a unified platform. About Dimension Market Research (DMR): Dimension Market Research (DMR) is a market research and consulting firm based in India & US, with its headquarters located in the USA (New York). The company believes in providing the best and most valuable data to its customers using the best resources analysts into work, to create unmatchable insights into the industries, and markets while offering in-depth results of over 30 industries, and all major regions across the world. We also believe that our clients don't always want what they see, so we provide customized reports as well, as per their specific requirements to create the best possible outcomes for them and enhance their business through our data and insights in every possible way. CONTACT: United States 957 Route 33, Suite 12 #308 Hamilton Square, NJ-08690 Phone No.: +1 732 369 9777, +91 88267 74855 Inquiry@
