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VLink Inc.’s Software-as-a-Service Product SimplyEDI Named as the Winner of the New England Electronic...
SOUTH WINDSOR, Conn., November 1, 2019 (Newswire.com) - VLink Inc., a global IT service provider headquartered in Connecticut, USA, announced that its new SaaS product offering SimplyEDI has been announced as the winner of The New England Electronic Commerce Users' Group (NEECOM) 2019 EC/EDI Solution of the Year Award, recognizing and honoring best-in-class Electronic Commerce/Electronic Data Interchange software solutions.
NEECOM named the winner of 2019 at the annual NEECOM Fall Conference, one of the top Electronic Data Interchange conferences in the United States bringing together innovative EDI vendors and EDI users which was held in Westborough, Massachusetts, on Oct. 17, 2019. The NEECOM EC/EDI Solution of the Year Award committee of EDI experts reviewed SimplyEDI's and other nominees' product features and ROI through a detailed questionnaire.
VLink Inc. recently introduced SimplyEDI, a cost-effective, user-friendly HIPAA-compliant X12 schema validating tool that helps business users in the health insurance industry to simplify manual interventions in complex Electronic Data Interchange (EDI) transactions to significantly reduce costs and improve their customer Net Promoter Score. It is primarily used in Claims Adjudication, Billing Reconciliation and Enrollment Inquiry. The business users can not only view the files in a human-readable format but can also create, edit, validate and reprocess them as required. SimplyEDI offers a user-friendly UI with a built-in parser and validator to validate the EDI files against the respective specifications. SimplyEDI has been architected on an open and extendible framework that can easily be configured to support many more EDI file formats that are used in various industries beyond healthcare.
"VLink Inc. is proud to be recognized as the creator of this outstanding EDI solution which simplifies manual interventions in EDI processes," said Sharad Patney, VLink Inc. President and Chief Executive Officer. "Time savings, cost reduction and customer satisfaction are all key desired outcomes when choosing a software solution. We've developed a product that would address these in especially costly health insurance EDI processes requiring manual interventions. Our SaaS product SimplyEDI provides 80% -90% in time and cost savings while eliminating the need for IT involvement in manual EDI processes," Patney said.
About VLink Inc.
Since its inception in 2006, VLink Inc. has become a reliable and nimble partner with a primary focus on small and mid-sized global customers in North America and APAC regions, providing information technology and strategic workforce solutions. VLink Inc.'s engineering mindset and access to a global talent pool enable it to swiftly create affordable and tailored solutions for its clients. VLink particularly has extensive experience in web/mobile application development and maintenance, data engineering and analysis solutions.
Press Contact:
Tracy Gardner
Global Marketing Director
VLink Inc.
+1 (615)-477-4146 m | 860-247-1400 ext 152 o
[email protected]
Original Source: VLink Inc.'s Software-as-a-Service Product SimplyEDI Named as the Winner of the New England Electronic Commerce Users' Group (NEECOM) 2019 EC/EDI Solution of the Year Award
Global Blockchain Legal Platform ‘RockTree LEX’ Fights for the Future of Financial Innovation at...
WASHINGTON, July 18, 2019 (Newswire.com) - Omer Ozden, Chairman of RockTree LEX, who was legal counsel to Facebook dating back to 2006, was at the monumental, multi-day Congressional Hearings in Washington, D.C. with other high-profile CEOs of leading Blockchain companies, top Blockchain lawyers and government officials to shape the future laws and policy of Libra, Blockchain and Cryptocurrency in the United States.
RockTree LEX sees Libra and the Congressional Hearings as another major milestone in Blockchain and the financial industry’s rapid evolution into “Wall Street 2.0.” Increased regulatory attention and the fast-growing participation of large financial institutions in the space have upgraded the Blockchain industry with the entrance of Fortune 100 technology companies and global bulge bracket investment banks. Ozden attended Congressional Hearings with Facebook, across open-door and closed-door private sessions with both Democratic and Republican leaders of the U.S. government. These included deep discussions with the Congressional Blockchain Caucus, Co-Chaired by Tom Emmer (Rep), Bill Foster (Dem), Darren Soto (Dem), and David Schweikert (Rep), members of the House Financial Services Committee who led testimony questioning of Facebook’s David Marcus, and closed-door sessions with leading Congressional and Senate members.
“U.S. securities laws created in the 1930s, as regulated by the SEC, are inadequate for regulating cryptocurrencies. The rules surrounding commodities under the CFTC are more suitable, and we should look to other governments that have adopted similar commodities-based regulations for cryptocurrencies, such as those in Japan, Switzerland and Singapore,” stated Ozden to Congressional members.
“Major disruptive technology advances are inevitable. We have done this so many times in human history; it is how they are managed and embraced that sets one economy’s growth trajectory over another’s. What made America great is the “Do No Harm” approach Congress took towards the Internet in the 1990s. This allowed American Internet companies and technology to grow and, eventually, dominate much of the globe. We need to do the same for Blockchain.”
Ambiguity in the U.S. by the SEC up to now has meant many U.S. innovators and large amounts of investment capital leaving the U.S. and choosing to be domiciled in more friendly jurisdictional environments, such as Facebook’s move to Switzerland. Ozden advised Congress “that if the U.S. government falls behind by just two or three years, it is like losing 10 to 15 years in a traditional industry, and the U.S. will be out of the race.”
Ozden told Congressional and Senate leaders that the “top cryptocurrency exchanges, cryptocurrency mining companies and technology companies in Blockchain were predominantly in the United States five years ago. Yet today, the top exchanges and miners are all in Asia or Europe. An example given by Ozden was that of Huobi, which is the largest cryptocurrency exchange in China. “Huobi has worked closely with China’s regulators and has opened large technology teams in a crypto-friendly technology zone in the South of China. The United States should support companies like Huobi and Facebook that take the approach of ‘working with government’ instead of ‘running away from government,‘” stated Ozden.
“The future of Blockchain,” added Ozden at meetings with Congress, is “Wall Street 2.0. It means more regulation. It means more licenses. It means widespread institutional adoption. And it means rapidly increasing liquidity flows and substantial economic growth for those who capture it.”
If Facebook, with its 2.7 billion global users does not dominate the cryptocurrency payments world, then there is always Telegram from Russia, with its 250 million global users, or WeChat from China, with its 1.3 billion global users, plus many more large-scale companies around the world. It is just innovation, and it is inevitable. And it is only a question of where it will occur first on a large scale.
Original Source: Global Blockchain Legal Platform 'RockTree LEX' Fights for the Future of Financial Innovation at Congress
