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IBM Launches New Services to Advance Enterprise Transformations with SAP S/4HANA®
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IBM (NYSE: IBM) today introduced IBM Rapid Move for SAP S/4HANA, a new approach designed to provide a smarter and faster way to digital transformations. Businesses across industries can look to accelerate the process of migrating existing SAP systems to SAP S/4HANA, enabling them to speed up the reinvention of core business processes and integration of new technology.
Arauco, a manufacturer of sustainable forest product solutions in Chile, is one of the first companies to benefit from the new capabilities. IBM Services is working to upgrade and transform Arauco’s existing SAP systems across the company’s financial, procurement and production activities. By deploying IBM Rapid Move for SAP S/4HANA, Arauco anticipates achieving a reduction in time of up to 50% for certain activities during the project based on their specific environment and configurations, such as unicode conversion, generating significant time savings for the overall project.
“As we prepare for future growth, we needed to implement a digital platform that will streamline our processes through business transformation, including converting our existing SAP systems to SAP S/4HANA. Speed of deployment has been key to ensuring we experience the benefits of digital technology faster,” said Leandro San Miguel, CIO Arauco. “The IBM Rapid Move for SAP S/4HANA approach can help accelerate our modernization of processes, allowing us to deploy an integrated and consolidated financial reporting system across the business with SAP S/4HANA.”
Companies in every industry are reinventing their processes and operations with digital strategies enabled by new technologies, such as AI, automation and blockchain. SAP S/4HANA allows companies to simplify complex business processes while upgrading their technology infrastructure and enterprise systems resulting in greater efficiency and improved business outcomes.
“Businesses working to transform themselves amid ongoing market disruption must consider how to convert and extend their existing investments, while at the same time capitalizing on the digital reinvention imperative,” said Mark Foster, Senior Vice President, IBM Global Business Services and IBM Services. “With IBM Rapid Move for SAP S/4HANA, we’ve introduced an approach that helps simplify migration, enabling our clients to safely and securely move to the future at pace.”
Since forming the Digital Transformation partnership three years ago, IBM Services and SAP have worked together to provide services and capabilities that help accelerate how customers around the world modernize their systems and processes on their path to becoming an intelligent enterprise. The two companies continue to deliver new solutions that address rapidly changing market needs, including SAP Model Company services combined with enhanced industry specific pre-configured IBM Impact accelerators, which are designed to simplify the change process, speed-up innovation enabled by SAP S/4HANA and unlock business benefits faster. As announced late last year, IBM Services completed more than 100 SAP S/4HANA implementations.
IBM Rapid Move for SAP S/4HANA, complete with integrated delivery framework from SAP, including the SAP Value Assurance program and SAP Model Company service, helps accelerate migration to the SAP S/4HANA platform with minimal risk. This agile transformation approach offers more design and build flexibility that can deliver an enhanced user experience and automated business processes. By taking advantage of IBM Rapid Move, businesses can also leverage and transform existing SAP investments without the need to fully redesign their legacy systems.
“The partnership between SAP and IBM continues to grow. With IBM Rapid Move for SAP S/4HANA, IBM is delivering an innovative way to give customers a major head start on their digital transformation projects and provide their clients with the ability to realize value from their deployments with even greater speed and agility,” said Michael Kleinemeier, member of the Executive Board and head of the SAP Digital Business Services organization, SAP SE.
IBM Services teamed up with transformation software company SNP to create a highly automated migration that combines the SAP management and technical expertise of the two companies. IBM Rapid Move for SAP S/4HANA incorporates a hybrid transition approach to target process redesign and standardization, only where it is needed. IBM has embedded automation into the process leveraging “digital workers” that execute SAP S/4HANA configuration, code remediation and data reconciliation to reduce the complexity of implementation.
“Almost every company deals with SAP S/4HANA and wants to tap into the opportunities of digital transformation,” says Dr. Andreas Schneider-Neureither, CEO SNP. “Working with IBM Services, we can now offer a simpler and faster way to take advantage of SAP S/4HANA. With the rapid adoption of SAP S/4HANA, companies accelerate their digital transformation and take advantage of the platform earlier than with traditional methods. This includes improving performance in complex and time-critical business processes such as real-time planning, execution, reporting, analytics and forecasting based on live data, as well as a personalized and simplified user experience across all business units, tasks and devices.”
SOURCE IBM
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Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.
Understanding Ethereum and ETFs
Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.
ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.
Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency
An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.
Key Features of Ethereum ETFs:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.
Key Differences Between Ethereum and Ethereum ETFs
While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:
- Ethereum (ETH):
- Direct ownership of the cryptocurrency.
- Full exposure to Ethereum’s features, including staking and network participation.
- Traded on cryptocurrency exchanges.
- Highly volatile and largely unregulated.
- Ethereum ETF:
- Indirect exposure through shares representing Ether’s value.
- Traded on traditional stock exchanges under regulatory oversight.
- Offers a more stable and familiar investment structure.
- Typically lower volatility compared to direct cryptocurrency ownership.
Future Considerations for Ethereum ETFs
The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.
As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.
In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.
Source: blockchainmagazine.net
The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.
Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.
Key Achievements and Certifications
- SOC 2 and SOC 3 Compliance:
- SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
- SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- Security Certifications:
- The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
- CSA STAR Level 1 Certification:
- This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.
Impact on Customers and Industry Standards
Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.
Nexo’s Broader Mission
As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.
In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.
Source: blockchainreporter.net
The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.
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