On Monday, SAP SE (ADR) (NYSE:SAP)’s shares declined -0.39% to $65.80.
Fieldglass, Inc., an SAP company and the global cloud technology leader in external workforce administration, is now deployed at SAP SE (SAP), providing an end-to-end process to manage its global contingent labor and services spend. SAP will use Fieldglass as a centralized, single point of access to engage with more than 20,000 external workers via multiple service providers and global partners.
The Fieldglass Vendor Administration System (VMS) has allowed SAP to:
- Streamline the process to find and engage qualified workers
- Enable reporting and reconciliation of work hours performed
- Gain visibility into external workforce headcount in addition to contingent spend and rates by location
- Automate supplier invoicing
- Mitigate risk through background security and compliance checks
Fieldglass is presently being deployed in a phased approach across SAP’s external labor program across the U.S., Canada and Germany. When complete, it will be used to manage all temporary workers and Statement of Work (SOW)-based services and request for rfX — such as information, proposal, quote or bid — globally. Identity administration across SAP’s global contingent workforce will also be managed within Fieldglass.
SAP SE provides application and analytics software and software-related services for enterprises worldwide. The company offers solutions covering various lines of businesses, counting asset administration, commerce, finance, human resources, manufacturing, marketing, sales, service, sourcing and procurement, supply chain, and sustainability, in addition to research and development, and engineering.
TICC Capital Corp. (NASDAQ:TICC)’s shares dropped -3.21% to $6.33.
TICC Capital Corp. (NASDAQ: TICC) (the “Company” or “TICC”) declared that it has reached a contract in principle with the lender under its TICC Funding, LLC $150 million revolving credit facility regarding the lender’s consent to the projected change of control transaction involving the Company’s investment advisor and Benefit Street Partners L.L.C. The lender’s consent is subject to confirmation of final terms of the change of control, negotiation of definitive documentation and other customary conditions. As of June 30, 2015, the Company had $150 million outstanding (at a rate of interest based on three month LIBOR plus a spread of 1.50% per annum) under the revolving credit facility, which was secured by about $279.3 million of the Company’s portfolio investments.
TICC Capital Corp., a business development company, operates as a closed-end, non-diversified administration investment company. The firm invests in both public and private companies. It invests in secured and unsecured senior debt, subordinated debt, junior subordinated debt, preferred stock, and common stock.
At the end of Monday’s trade, Cinedigm Corp (NASDAQ:CIDM)‘s shares surged 0.95% to $0.530.
distribution rights to Punk’s Dead: SLC Punk 2. It will be released with a limited theatrical run in early 2016 followed by digital, TV and VOD distribution.
Punk’s Dead, the sequel to 1999’s cult hit SLC Punk, follows the next generation of outcast misfits through the Utah hinterlands. James Merendino, who directed the original SLC Punk, returns the film’s narrative to Salt Lake City, UT, where the now teenage son of Heroin Bob, Ross, together with his friends, Penny and Crash, embarks on a road trip to a huge punk show.
Cinedigm Corp., together with its auxiliaries, distributes and aggregates independent movie, television, and other short form content in the United States. The company operates through four segments: Phase I Deployment, Phase II Deployment, Services, and Content & Entertainment. The company is involved in the collection of virtual print fees from motion picture studios and distributors, and alternative content fees from alternative content providers and theatrical exhibitors. It also provides monitoring, billing, collection, verification, and other administration services to the companys Phase I Deployment and Phase II Deployment, in addition to to exhibitors, who purchase their own equipment.
Cincinnati Financial Corporation (NASDAQ:CINF), ended its Monday’s trading session with -0.11% loss, and closed at $52.91.
Cincinnati Financial Corporation (CINF) declared that its lead property casualty insurance partner, The Cincinnati Insurance Company, launched in New York its Executive Capstone program – a new suite of insurance products serving the unique needs of high net worth personal insurance clients.
The Executive Capstone program offers coverage features, limits and options to assist agents tailor insurance programs for the more complex insurance needs of clients with homes valued up to $50 million, yachts, high-end cars or collector cars and personal articles to comprise fine arts and jewelry. Additional options comprise green coverage, employment practices liability endorsement for umbrella liability, excess flood when primary plans are purchased and family shield recovery expenses.
Will Van Den Heuvel, senior vice president of personal lines, commented: “We shared the highlights of the Executive Capstone program with our existing agents in New York earlier in the year. Recently, we’re officially launching the product and meeting with 12 new agencies that can now offer our personal lines products to clients in New York City and the surrounding area.
Cincinnati Financial Corporation engages in the property casualty insurance business in the United States. It operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers compensation. This segment also offers director and officer liability insurance, contract and commercial surety bonds, and fidelity bonds; and machinery and equipment coverage, in addition to coverage for property, liability, and business interruption.
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