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ATB Techsoft Launches Business Solutions

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  • ATB Techsoft Launches Business Solutions

ATB Techsoft Solutions Limited, an information technology and software development company, has launched four of its enterprise software that cater for different verticals of businesses in the Nigerian economy.

The company, which has spent the last seven years developing several software systems through evaluation, design, planning, developing and testing, last week in Lagos, introduced four-flagship application suite to the market: FinUltimate, UltiSure, EduWare and UltiFlux.

Describing the solutions as unique and locally designed to meet various business needs ranging from small businesses to enlarged businesses like enterprise businesses, the Chief Executive Officer (CEO) of ATB Techsoft Solutions, Mr. Abiodun Atobatele, said the solutions would revolutionise the software market space in Nigeria, especially at this time of the Nigerian economy.

Speaking specifically on this laudable feat, he hailed his team saying “We are very proud of what we have achieved with these solutions we are releasing to the market, which stands its own amongst any currently in the market. These solutions are a result of seven years of dedication, hard work, research and investment which could not have been achieved without our software architects, whom can be ranked amongst the smartest people in the World.”

According to him, regarding the solutions, which addresses gaps in the insurance industry, education industry and enterprise resource planning for any organisation which is delivered as a cloud offering leveraging the Microsoft Azure Cloud Service, “what we have done is to offer software solutions of higher standard and functionality at a much lower cost to the market as against what most organisations are purchasing offshore. This means Nigerian organisations do not have to spend hundreds of thousands of dollars to procure software abroad.”

Making reference to a statement credited to the National Office for Technology Acquisition and Promotion (NOTAP) that organisations in Nigeria spend over $1billion annual to procure software, Atobatele said: “Our unique solutions are coming at a time to ease Nigerians business the demand for forex. The only way we can create thousands of technology jobs in Nigeria is when the government through enforcement of existing laws and regulations on local content that makes it compulsory for companies to buy software developed in Nigeria by Nigerians.”

Director, Small, Mid-market Solutions and Partners Group, Microsoft Nigeria, Oluwawemimo Adeniyi, said since the solutions are running on Microsoft Azure, which is powered by cloud technology, it would help organisations to save a lot of cost, coupled with the high security features they will enjoy, while using the solutions.

She commended ATB Techsoft Solutions for choosing the Microsoft Azure and assured Nigerian businesses of business continuity, agility and sustainability, with high returns on investment, since the solutions come pretty easy to deploy and use.

“Our unique approach to the cloud spans three areas that, when combined, give customers choice and flexibility with the cloud: enterprise capabilities, hyper-scale cloud infrastructure, and comprehensive hybrid solutions. Across these three areas, we bring the benefits of cloud speed, scale and economics. Whether providing customers the tools to solve business problems at cloud scale or helping customers maximise IT investments through hybrid solutions, we are committed to providing customers with the most complete, intelligent cloud to transform their business.” she said.

While giving insights on the benefits and value proposition of the software solutions, the Chief Software Architect, ATB Techsoft Solutions, Mr. Patrick Aniah said: “FinUltimate is an Enterprise Resource Planning (ERP) solution that offers comprehensive portfolio of applications designed for organisations of any size to improve operational effectiveness, profitability, product innovation, distribution and/or delivery channel growth, customer relationships and enterprise information management.”

Aniah described Ultisure as a suite of software solutions for insurance policy administration. With the flexibility and robustness that Ultisure ships with, customers are at liberty to create any insurance product irrespective of the complexity level and commence underwriting operations as quickly as possible. UltiSure handles core insurance processes and has additional features that compliment these processes and could be decoupled as independent systems.

The EduWare solution, according to him, is a school management system application that can be used by institution of any category from primary, secondary and tertiary. It is designed with the aim to give schools the best software to handle all their administrative and academic activities with ease and accuracy, whilst saving them lots of time and effort.

The UltiFlux is a software that reduces work complexity, improves data capture and increases control through workflow and process automation that helps address these challenges. Ultiflux helps customers drive down cost and control the risk of process delays.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Elon Musk Promises to Reward Best Carbon Technology $100 Million

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Elon Musk Promises to Reward Best Carbon Technology $100 Million

The Chief Executive Officer (CEO) of Tesla Inc. has announced that he will donate $100 million in reward for the best carbon capture technology.

The richest man in the world disclosed this in a tweet on Thursday.

“Am donating $100M towards a prize for best carbon capture technology,” Musk tweeted. “Details next week.”

Elon R Musk gained +$375 million in the last 24 hours to take his total gain in net worth this year to $32 billion and $202 billion total net worth.

Musk, who worth just about $27 billion in January 2020, has risen through the rank to top the world’s richest billionaire index.

The $100 million would be Musk’s largest known donation to date and represents around 0.05 percent of his net worth.

In 2012, Musk signed “The Giving Pledge” to join the list of billionaires that promise to donate half of their fortune to charity in their lifetime or in their wills.

Musk worth just $2 billion when he signed the pledge.

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YouTube Suspends Trump Channel

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YouTube Suspends Trump Channel

Google-owned YouTube on Tuesday temporarily suspended President Donald Trump’s channel and removed a video for violating its policy against inciting violence, joining other social media platforms in banning his accounts after last week’s Capitol riot.

Trump’s access to the social media platforms he has used as a megaphone during his presidency has been largely cut off since a violent mob of his supporters stormed the Capitol in Washington DC last week.

Operators say the embittered leader could use his accounts to foment more unrest in the run-up to President-elect Joe Biden’s inauguration.

“In light of concerns about the ongoing potential for violence, we removed new content uploaded to Donald J. Trump’s channel for violating our policies,” YouTube said in a statement.

The channel is now “temporarily prevented from uploading new content for a ‘minimum’ of 7 days,” the statement read.

The video-sharing platform also said it will be “indefinitely disabling comments” on Trump’s channel because of safety concerns.

Facebook last week suspended Trump’s Facebook and Instagram accounts following the violent invasion of the US Capitol, which temporarily disrupted the certification of Biden’s election victory.

In announcing the suspension last week, Facebook chief Mark Zuckerberg said Trump used the platform to incite violent and was concerned he would continue to do so.

Twitter went a step further by deleting Trump’s account, depriving him of his favorite platform. It was already marking his tweets disputing the election outcome with warnings.

The company also deleted more than 70,000 accounts linked to the bizarre QAnon conspiracy theory, which claims, without any evidence, that Trump is waging a secret war against a global cabal of satanist liberals.

Trump also was hit with suspensions by services like Snapchat and Twitch.

The president’s YouTube account has amassed 2.77 million subscribers.

The home page of the Trump channel featured a month-old video of Trump casting doubt on the voting process in November’s presidential election, and had logged some 5.8 million views.

On Tuesday, an activist group called on YouTube to join other platforms in dumping Trump’s accounts, threatening an advertising boycott campaign.

(AFP)

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Analysts Predict 1,137% Earnings Per Share Growth for Shopify’s Full Year 2020

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Analysts Predict 1,137% Earnings Per Share Growth for Shopify’s Full Year 2020

While the pandemic has devastated countless businesses, it has provided a major boon for eCommerce platform Shopify.

Shopify’s stock rallied by 169.9% in 2020 compared to the industry’s 26.6% growth. As of mid-December 2020, according to the research data analyzed and published by Finnish site Sijoitusrahastot, it had a 90 RS rating, which means that it had outperformed 90% of stocks during the year.

Based on the Zacks Consensus Estimate, its Q4 earnings per share (EPS) are set to jump by 188.37% to $1.24 while its sales will grow by 78% to $899.2 million. For the full year 2020, analysts project a massive 1,137% jump for the Shopify EPS.

Shopify Merchants Sell Over $5.1 Billion on Black Friday, Cyber Monday

Since Shopify went public in 2015, its stock has risen over 40-fold to more than $1,200 at the end of December 2020. Between 2016 and 2019, it skyrocketed by over 1,400%.

The eCommerce platform’s earnings for Q1 to Q3 2020 grew at an average of 552%. That was well above the 101% three-year average. In Q3 2020, its revenue nearly doubled from $390.6 million to $767.4 million.

Earnings in Q3 2020 rose from a net loss of 29 cents to $1.13 per share. Gross Merchandise Volume (GMV) soared by 109% reaching $30.9 billion, compared to 46% in Q1 2020 and 119% in Q2 2020. For the first nine months of 2020, there was a revenue increase of 82%.

For the first time, Shopify’s GMV surpassed that of eBay in Q2 2020, doing it again in Q3 2020. It claims to have a 6% share of the US market, higher than eBay’s but lower than Amazon’s 37%.

During the Black Friday Cyber Monday weekend, merchants on the Shopify platform sold goods worth $5.1 billion. Compared to 2019, this marked a 76% uptick and set a new record. Comparatively, independent businesses on Amazon sold goods worth $4.8 billion. The number of buyers on Shopify increased by 50% year-over-year (YoY) to 44 million during that weekend.

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