Autotalks and CEVA Collaborate on World’s First Global V2X Solution




Hong Kong, China, February 20, 2019 /Xinwengao.com/ - Autotalks chipset leverages CEVA-XC SDR DSP to unify DSRC and C-V2X in a single solution, reducing development, integration and certification effort for global V2X deployment

CEVA, Inc. (NASDAQ: CEVA), the leading licensor of signal processing platforms and artificial intelligence processors for smarter, connected devices, and Autotalks, a world leader in V2X (Vehicle-to-Everything) communications solutions, announced today that the companies collaborated to add C-V2X Rel. 14/15 support to the CEVA-XC DSP based Autotalks chipset, making it the world’s first and only available solution capable of supporting both DSRC and C-V2X direct communications. The solution was demonstrated at CES 2019 by leading automotive tiers HARMAN, Valeo and others.

V2X communication is heading to mass-market adoption as the world’s largest OEMs announced intentions to equip their new car models with the technology. In recent years, V2X diverged into two different technologies, DSRC and C-V2X, with fundamentally different architectures, making it difficult to harmonize a single global solution. Autotalks, leveraging the software-defined capabilities of the CEVA-XC DSP in its chipset, addresses the need for a global solution by equipping its mass-market ready 2nd generation chipsets with C-V2X in addition to their native support of DSRC, at the highest security level.

Amos Freund, VP RD at Autotalks, commented: “Autotalks and CEVA have enjoyed a long and successful relationship, with their unique expertise in cellular and communication DSPs perfectly complementing our wireless know-how. The CEVA-XC DSP allowed us to quickly and seamlessly implement C-V2X support on our chipset in addition to DSRC, resulting in the world’s first and only truly secure global V2X solution.”

Michael Boukaya, vice president and general manager of the wireless business unit at CEVA, stated: “We are proud to have collaborated with Autotalks to extend their leadership in V2X communication solutions and become the first company in the world to support both C-V2X and DSRC on their automotive qualified AEC-Q100 grade 2 chipset. This use case perfectly illustrates the benefits of using a powerful programmable vector DSP like our CEVA-XC for communication SoCs, allowing new features and standards to be implemented in software on existing silicon.”

Autotalks’ deployment-ready, 2nd generation V2X chipset is the world’s first available solution which supports both DSRC based on 802.11p/ITS-G5 standards and C-V2X based on 3GPP specifications. The chipset allows customers to easily toggle between DSRC and C-V2X communications. The new chipset isolates V2X from the cellular Network Access Device (NAD), thus providing domain separation security, scalability and potential cost-optimizations of Telematic Control Unit (TCU) deployments. The separation of V2X from in-vehicle infotainment ensures that the safety related purpose of the V2X system is not compromised. Furthermore, V2X isolation combined with Autotalks’ recognized cyber security leadership enables a truly secure platform. Autotalks’ global V2X chipset is currently available for customer and partner C-V2X demonstrations. Autotalks will present in Mobile World Congress taking place in Barcelona on 25th-28th of February in Hall 5 Stand 5E71.

About Autotalks
Autotalks (www.auto-talks.com), which was founded in 2008, is a V2X chipset market pioneer and leader, providing customers worldwide with state-of-the-art V2X solutions. Autotalks helps reduce collisions on roadways and improve mobility with its automotive qualified chipsets. The chipsets offer the most advanced, truly secure and highest performing global V2X communication solution designed for autonomous vehicles. Autotalks’ advanced technology, to be mass deployed in the coming years, complements the information coming from other sensors, specifically in non-line-of-sight scenarios, rough weather or poor lighting conditions. It significantly improves overall road safety, effectively coordinating vehicles, self-driving cars, motorcyclists and pedestrians.

About CEVA, Inc.
CEVA is the leading licensor of signal processing platforms and artificial intelligence processors for a smarter, connected world. We partner with semiconductor companies and OEMs worldwide to create power-efficient, intelligent and connected devices for a range of end markets, including mobile, consumer, automotive, industrial and IoT. Our ultra-low-power IPs for vision, audio, communications and connectivity include comprehensive DSP-based platforms for LTE/LTE-A/5G baseband processing in handsets, infrastructure and cellular IoT (NB-IoT and Cat-M) enabled devices, advanced imaging and computer vision for any camera-enabled device, audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets. For artificial intelligence, we offer a family of AI processors capable of handling the complete gamut of neural network workloads, on-device. For connectivity, we offer the industry’s most widely adopted IPs for Bluetooth (low energy and dual mode) and Wi-Fi (Wi-Fi 4 (802.11n), Wi-Fi 5 (802.11ac) and Wi-Fi 6 (802.11ax) up to 4×4). Visit us at www.ceva-dsp.com and follow us on Twitter, YouTube, Facebook, LinkedIn and Instagram.

Contact:

CEVA
Richard Kingston
Tel: +1 650-417-7976
[email protected]

Autotalks
Alon Mlievski
Tel: +972 50-4438778 CEVA Media Contact
Claire Walker / Karrie Lee
Techworks Asia Ltd
Tel: +852 2525 8038 / 2525 3980
[email protected]
[email protected]

Source: Xinwengao.com

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Xinwengao

Autotalks and CEVA Collaborate on World’s First Global V2X Solution




Hong Kong, China, February 20, 2019 /ChinaNewswire.com/ - Autotalks chipset leverages CEVA-XC SDR DSP to unify DSRC and C-V2X in a single solution, reducing development, integration and certification effort for global V2X deployment

CEVA, Inc. (NASDAQ: CEVA), the leading licensor of signal processing platforms and artificial intelligence processors for smarter, connected devices, and Autotalks, a world leader in V2X (Vehicle-to-Everything) communications solutions, announced today that the companies collaborated to add C-V2X Rel. 14/15 support to the CEVA-XC DSP based Autotalks chipset, making it the world’s first and only available solution capable of supporting both DSRC and C-V2X direct communications. The solution was demonstrated at CES 2019 by leading automotive tiers HARMAN, Valeo and others.

V2X communication is heading to mass-market adoption as the world’s largest OEMs announced intentions to equip their new car models with the technology. In recent years, V2X diverged into two different technologies, DSRC and C-V2X, with fundamentally different architectures, making it difficult to harmonize a single global solution. Autotalks, leveraging the software-defined capabilities of the CEVA-XC DSP in its chipset, addresses the need for a global solution by equipping its mass-market ready 2nd generation chipsets with C-V2X in addition to their native support of DSRC, at the highest security level.

Amos Freund, VP RD at Autotalks, commented: “Autotalks and CEVA have enjoyed a long and successful relationship, with their unique expertise in cellular and communication DSPs perfectly complementing our wireless know-how. The CEVA-XC DSP allowed us to quickly and seamlessly implement C-V2X support on our chipset in addition to DSRC, resulting in the world’s first and only truly secure global V2X solution.”

Michael Boukaya, vice president and general manager of the wireless business unit at CEVA, stated: “We are proud to have collaborated with Autotalks to extend their leadership in V2X communication solutions and become the first company in the world to support both C-V2X and DSRC on their automotive qualified AEC-Q100 grade 2 chipset. This use case perfectly illustrates the benefits of using a powerful programmable vector DSP like our CEVA-XC for communication SoCs, allowing new features and standards to be implemented in software on existing silicon.”

Autotalks’ deployment-ready, 2nd generation V2X chipset is the world’s first available solution which supports both DSRC based on 802.11p/ITS-G5 standards and C-V2X based on 3GPP specifications. The chipset allows customers to easily toggle between DSRC and C-V2X communications. The new chipset isolates V2X from the cellular Network Access Device (NAD), thus providing domain separation security, scalability and potential cost-optimizations of Telematic Control Unit (TCU) deployments. The separation of V2X from in-vehicle infotainment ensures that the safety related purpose of the V2X system is not compromised. Furthermore, V2X isolation combined with Autotalks’ recognized cyber security leadership enables a truly secure platform. Autotalks’ global V2X chipset is currently available for customer and partner C-V2X demonstrations. Autotalks will present in Mobile World Congress taking place in Barcelona on 25th-28th of February in Hall 5 Stand 5E71.

About Autotalks
Autotalks (www.auto-talks.com), which was founded in 2008, is a V2X chipset market pioneer and leader, providing customers worldwide with state-of-the-art V2X solutions. Autotalks helps reduce collisions on roadways and improve mobility with its automotive qualified chipsets. The chipsets offer the most advanced, truly secure and highest performing global V2X communication solution designed for autonomous vehicles. Autotalks’ advanced technology, to be mass deployed in the coming years, complements the information coming from other sensors, specifically in non-line-of-sight scenarios, rough weather or poor lighting conditions. It significantly improves overall road safety, effectively coordinating vehicles, self-driving cars, motorcyclists and pedestrians.

About CEVA, Inc.
CEVA is the leading licensor of signal processing platforms and artificial intelligence processors for a smarter, connected world. We partner with semiconductor companies and OEMs worldwide to create power-efficient, intelligent and connected devices for a range of end markets, including mobile, consumer, automotive, industrial and IoT. Our ultra-low-power IPs for vision, audio, communications and connectivity include comprehensive DSP-based platforms for LTE/LTE-A/5G baseband processing in handsets, infrastructure and cellular IoT (NB-IoT and Cat-M) enabled devices, advanced imaging and computer vision for any camera-enabled device, audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets. For artificial intelligence, we offer a family of AI processors capable of handling the complete gamut of neural network workloads, on-device. For connectivity, we offer the industry’s most widely adopted IPs for Bluetooth (low energy and dual mode) and Wi-Fi (Wi-Fi 4 (802.11n), Wi-Fi 5 (802.11ac) and Wi-Fi 6 (802.11ax) up to 4×4). Visit us at www.ceva-dsp.com and follow us on Twitter, YouTube, Facebook, LinkedIn and Instagram.

Contact:

CEVA
Richard Kingston
Tel: +1 650-417-7976
[email protected]

Autotalks
Alon Mlievski
Tel: +972 50-4438778 CEVA Media Contact
Claire Walker / Karrie Lee
Techworks Asia Ltd
Tel: +852 2525 8038 / 2525 3980
[email protected]
[email protected]

Source: ChinaNewswire.com

Visit the original:
China Newswire

Connet Continues to Grow Asian Footprints with Expanded Vietnam Data Center Hub




Hong Kong, China, January 31, 2019 /Xinwengao.com/ - Connet Continues to Grow Asian Footprints with Expanded Vietnam Data Center Hub

Helps local enterprises gain access to global markets

Leading global internet service and security solution provider Connet announced its plan to grow the Vietnam market with expanded data center hub.

Vietnam has experienced some of the fastest economic growth in the world in recent years. The country has been making a strong push to attract new facilities to their country. In light of the growing trend and needs for enterprises’ business expansion in Asia, Connet opened its office in Vietnam in 2012.

“Vietnam is now one of the most fastest growing emerging markets, globally. The year 2018’s robust growth is expected to spill over into 2019.” said Cecil Yuen, Business Director Asia and General Manager, Hong Kong, “Positive growth figures proved that we have made a right decision to have invested three data centers in Vietnam. Moving forward, we are seeing a lot of momentum for our complete product profolio of cloud, security and data center solution.”

“Connet Vietnam has experienced a rapid business growth in 2018 with a 32% increase in revenue compared to the same period on the previous year.” said Tony VU, Head of Business Development, Connet Vietnam, “Our clients are switching to us for the integrated networking solutions and world-class services.”

Connet’s client profolio for Vietnam includes Crowne Plaza Danang , Li Lai International Hotel, FTS Services and a variety of manufacturing company.

“Connet is committed to providing the highest level of quality and service to our clients. We are building a future-ready regional and global network to continue to support enterprises’ global growth strategy and provide clients with even more choice and flexibility for their IT journeys.” added Tony.

About Connet
Connet Inc. is a regional Internet Services Provider (ISP) with Managed Security Services (MSS) to global customers. The company operates advanced networks with unmatched breadth across Asia Pacific. For more information, please visit http://www.consp.com ,google.com/+Consp

Source: Xinwengao.com

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Xinwengao

Connet Continues to Grow Asian Footprints with Expanded Vietnam Data Center Hub




Hong Kong, China, January 31, 2019 /ChinaNewswire.com/ - Connet Continues to Grow Asian Footprints with Expanded Vietnam Data Center Hub

Helps local enterprises gain access to global markets

Leading global internet service and security solution provider Connet announced its plan to grow the Vietnam market with expanded data center hub.

Vietnam has experienced some of the fastest economic growth in the world in recent years. The country has been making a strong push to attract new facilities to their country. In light of the growing trend and needs for enterprises' business expansion in Asia, Connet opened its office in Vietnam in 2012.

"Vietnam is now one of the most fastest growing emerging markets, globally. The year 2018's robust growth is expected to spill over into 2019." said Cecil Yuen, Business Director Asia and General Manager, Hong Kong, "Positive growth figures proved that we have made a right decision to have invested three data centers in Vietnam. Moving forward, we are seeing a lot of momentum for our complete product profolio of cloud, security and data center solution."

"Connet Vietnam has experienced a rapid business growth in 2018 with a 32% increase in revenue compared to the same period on the previous year." said Tony VU, Head of Business Development, Connet Vietnam, "Our clients are switching to us for the integrated networking solutions and world-class services."

Connet's client profolio for Vietnam includes Crowne Plaza Danang , Li Lai International Hotel, FTS Services and a variety of manufacturing company.

"Connet is committed to providing the highest level of quality and service to our clients. We are building a future-ready regional and global network to continue to support enterprises' global growth strategy and provide clients with even more choice and flexibility for their IT journeys." added Tony.

About Connet
Connet Inc. is a regional Internet Services Provider (ISP) with Managed Security Services (MSS) to global customers. The company operates advanced networks with unmatched breadth across Asia Pacific. For more information, please visit http://www.consp.com ,google.com/+Consp

Source: ChinaNewswire.com

Visit the original:
China Newswire

SolarWinds Announces Free Flow Tool Bundle, Designed to Streamline Complex Network Management




Hong Kong, China, January 31, 2019 /Xinwengao.com/ - New tools help technology professionals gain greater visibility into network infrastructure

HONG KONG – January 31, 2019 – SolarWinds (NYSE:SWI), a leading provider of powerful and affordable IT management software, today unveiled SolarWinds#174; Flow Tool Bundle, a set of free analysis tools designed to quickly distribute, test, and configure NetFlow Traffic Analyzer, helping technology professionals gain greater visibility into their network infrastructure. Built to support their industry-leading network management portfolio1, the new SolarWinds Flow Tool Bundle is available immediately and can be installed on Windows#174; 7, 8, and 10, Windows Server#174; 2012 R2, 2016, and 2019.

“The development and general availability of the Flow Tool Bundle demonstrates our continued commitment to providing free tools to the technology professional community,” said Brandon Shopp, vice president product management and strategy, SolarWinds. “By engaging with our users in forums like the THWACK community, we are able to build products designed to address the needs of today’s tech pros, providing them with the tools to succeed in dynamic and distributed environments.”

Free Flow Tool Bundle Highlights

SolarWinds Flow Tool Bundle integrates two new tools with an existing free flow tool:
#8226; NetFlow Replicator can help tech pros more easily distribute flow data to multiple destinations for traffic or security analysis and configure random sampling of flow data packets to help reduce the load on the monitored system and collector.
#8226; NetFlow Generator simulates network flow data so tech pros can test and validate their configurations. This functionality is especially helpful when testing the behavior of more complex network entities, such as load balancers, firewall rules, and alert trigger conditions.
#8226; NetFlow Configurator remotely configures and activates NetFlow v5 on supported Cisco#174; devices. With this tool, tech pros can easily set up the router to send NetFlow records to their collector.

Key features include:
#8226; Replicate IPv4 and IPv6 flow data to multiple destinations
#8226; Generate simulated flow traffic to aid in flow tool troubleshooting
#8226; Test and validate configurations
#8226; Remotely and quickly configure NetFlow v5
#8226; Activate NetFlow and find bandwidth hogs

Additional Resources
#8226; SolarWinds Free Tool Overview: The Flow Tool Bundle (Video)
#8226; SolarWinds Flow Tools Bundle Quick Reference Guide
#8226; Flow Tool Bundle Download
Connect with SolarWinds
#8226; THWACK#174;
#8226; Twitter#174;
#8226; Facebook#174;
#8226; LinkedIn#174;

1Source: IDC-defined Network Management Software functional market. IDC’s Worldwide Semiannual Software Tracker#174;, October 2018

#SWIproducts

About SolarWinds
SolarWinds (NYSE:SWI) is a leading provider of powerful and affordable IT infrastructure management software. Our products give organizations worldwide, regardless of type, size or IT infrastructure complexity, the power to monitor and manage the performance of their IT environments, whether on-premises, in the cloud, or in hybrid models. We continuously engage with all types of technology professionals—IT operations professionals, DevOps professionals, and managed service providers (MSPs)—to understand the challenges they face maintaining high-performing and highly available IT infrastructures. The insights we gain from engaging with them, in places like our THWACK online community, allow us to build products that solve well-understood IT management challenges in ways that technology professionals want them solved. This focus on the user and commitment to excellence in end-to-end hybrid IT performance management has established SolarWinds as a worldwide leader in network management software and MSP solutions. Learn more today at www.solarwinds.com.

The SolarWinds, SolarWinds Design, Orion, and THWACK trademarks are the exclusive property of SolarWinds Worldwide, LLC or its affiliates, are registered with the U.S. Patent and Trademark Office, and may be registered or pending registration in other countries. All other SolarWinds trademarks, service marks, and logos may be common law marks or are registered or pending registration. All other trademarks mentioned herein are used for identification purposes only and are trademarks of (and may be registered trademarks of) their respective companies.

#169; 2019 SolarWinds Worldwide, LLC. All rights reserved.

MEDIA CONTACTS:
Rose Chan/Winnie Ngai
Text100
Phone: +852 2534 8700
[email protected]

Jenne Barbour
SolarWinds
Phone: +1-512-498-6804
[email protected]

Source: Xinwengao.com

Visit the original:
Xinwengao

SolarWinds Announces Free Flow Tool Bundle, Designed to Streamline Complex Network Management




Hong Kong, China, January 31, 2019 /ChinaNewswire.com/ - New tools help technology professionals gain greater visibility into network infrastructure

HONG KONG – January 31, 2019 – SolarWinds (NYSE:SWI), a leading provider of powerful and affordable IT management software, today unveiled SolarWinds#174; Flow Tool Bundle, a set of free analysis tools designed to quickly distribute, test, and configure NetFlow Traffic Analyzer, helping technology professionals gain greater visibility into their network infrastructure. Built to support their industry-leading network management portfolio1, the new SolarWinds Flow Tool Bundle is available immediately and can be installed on Windows#174; 7, 8, and 10, Windows Server#174; 2012 R2, 2016, and 2019.

“The development and general availability of the Flow Tool Bundle demonstrates our continued commitment to providing free tools to the technology professional community,” said Brandon Shopp, vice president product management and strategy, SolarWinds. “By engaging with our users in forums like the THWACK community, we are able to build products designed to address the needs of today’s tech pros, providing them with the tools to succeed in dynamic and distributed environments.”

Free Flow Tool Bundle Highlights

SolarWinds Flow Tool Bundle integrates two new tools with an existing free flow tool:
#8226; NetFlow Replicator can help tech pros more easily distribute flow data to multiple destinations for traffic or security analysis and configure random sampling of flow data packets to help reduce the load on the monitored system and collector.
#8226; NetFlow Generator simulates network flow data so tech pros can test and validate their configurations. This functionality is especially helpful when testing the behavior of more complex network entities, such as load balancers, firewall rules, and alert trigger conditions.
#8226; NetFlow Configurator remotely configures and activates NetFlow v5 on supported Cisco#174; devices. With this tool, tech pros can easily set up the router to send NetFlow records to their collector.

Key features include:
#8226; Replicate IPv4 and IPv6 flow data to multiple destinations
#8226; Generate simulated flow traffic to aid in flow tool troubleshooting
#8226; Test and validate configurations
#8226; Remotely and quickly configure NetFlow v5
#8226; Activate NetFlow and find bandwidth hogs

Additional Resources
#8226; SolarWinds Free Tool Overview: The Flow Tool Bundle (Video)
#8226; SolarWinds Flow Tools Bundle Quick Reference Guide
#8226; Flow Tool Bundle Download
Connect with SolarWinds
#8226; THWACK#174;
#8226; Twitter#174;
#8226; Facebook#174;
#8226; LinkedIn#174;

1Source: IDC-defined Network Management Software functional market. IDC’s Worldwide Semiannual Software Tracker#174;, October 2018

#SWIproducts

About SolarWinds
SolarWinds (NYSE:SWI) is a leading provider of powerful and affordable IT infrastructure management software. Our products give organizations worldwide, regardless of type, size or IT infrastructure complexity, the power to monitor and manage the performance of their IT environments, whether on-premises, in the cloud, or in hybrid models. We continuously engage with all types of technology professionals—IT operations professionals, DevOps professionals, and managed service providers (MSPs)—to understand the challenges they face maintaining high-performing and highly available IT infrastructures. The insights we gain from engaging with them, in places like our THWACK online community, allow us to build products that solve well-understood IT management challenges in ways that technology professionals want them solved. This focus on the user and commitment to excellence in end-to-end hybrid IT performance management has established SolarWinds as a worldwide leader in network management software and MSP solutions. Learn more today at www.solarwinds.com.

The SolarWinds, SolarWinds Design, Orion, and THWACK trademarks are the exclusive property of SolarWinds Worldwide, LLC or its affiliates, are registered with the U.S. Patent and Trademark Office, and may be registered or pending registration in other countries. All other SolarWinds trademarks, service marks, and logos may be common law marks or are registered or pending registration. All other trademarks mentioned herein are used for identification purposes only and are trademarks of (and may be registered trademarks of) their respective companies.

#169; 2019 SolarWinds Worldwide, LLC. All rights reserved.

MEDIA CONTACTS:
Rose Chan/Winnie Ngai
Text100
Phone: +852 2534 8700
[email protected]

Jenne Barbour
SolarWinds
Phone: +1-512-498-6804
[email protected]

Source: ChinaNewswire.com

Visit the original:
China Newswire

Hong Kong accounting firms are quicker to adopt automation tools in daily practice




Hong Kong, China, January 29, 2019 /Xinwengao.com/ - 59.5% of locally-based firms are already using data automation apps compared to 25.8% in Singapore

HONG KONG, 29 JANUARY 2019 – Xero, the global small business platform, released its annual Accounting Industry Report for 2019. The report sheds light on the best practices of pacesetting firms1 to serve as benchmark for other firms to maximise their success in 2019 and beyond. Based on the findings, Hong Kong accounting firms are quick to adopt technology when compared to their counterparts in Singapore.

Furthermore, the report found that a larger number of accounting practices in Hong Kong (59.5%) are using data automation apps compared to their counterparts in Singapore (25.8%).

The adoption of such apps is especially popular with pacesetting companies who make up the top 15% of the market, boasting high growth and revenue rates, with 81% of such firms in Hong Kong declaring that they use automation apps when compared to just 34.5% in Singapore.

Xero surveyed 97 accounting and bookkeeping companies in Hong Kong and 157 in Singapore, asking their views across a range of different areas including opportunities for practices in technologies relating to compliance2, simple advisory3 and complex advisory4. The feedback also included views on the performance of apps used by pacesetting practices leading the market in terms of growth, and the priorities of said pacesetting firms in comparison to other firms.

The findings of the report also reveal that financial performance results in Hong Kong are higher than in Singapore with Hong Kong-based companies averaging HKD 2,739,000, compared to Singapore at HKD 1,384,268 (SGD 242,600) in total advisory revenue.

This shows that a higher adoption rate of automation tools in accounting firms positively impacts their ability to devote more time to higher-valued advisory services. Presently, the biggest users of automation tools are practices that provide complex advisory services (42.9%), followed by simple advisory services (33.3%) and basic compliance services (24%). The report also reveals a higher retention rate for high-value clients, with only 6.8% of client departures in the last 12 months. The figure in Singapore is lower with only 3.1% departures.

Accountancy firms that have been proactive in embracing new technology to aid the operational and profit-making functions of their business make around 20% more revenue than the industry average, doubling in total advisory revenue, whilst the cost to serve a single business client is around 80 hours less. However, Singapore-based companies are expected to quickly catch up in 2019 with 52.4% indicating they are considering implementing data automation tools in comparison to just 32.1% of Hong Kong-based firms.

The report outlines how the Hong Kong market has a bigger appetite for advisory services when compared to Singapore, which is estimated to have generated a revenue of over HKD 1.9 billion in 2018. Demand for simple and complex advisory services (50.2% of total revenue) is on par with compliance services (49.8% of total revenue), for example: compared to Singapore, revenue from compliance services (70.4%) is significantly higher than simple advisory (14.6%) and complex advisory (15%) services, indicating that routine year-on-year compliance work is still an intricate part of Singaporean accounting practice.

Accounting firms that would move into providing advisory practices look to prioritise the implementation of timesaving methods to reduce the time they spend chasing clients for documents and information (68.5%), documenting processes and creating workflows (66.7%). Another key area outlined in the report is that building advisory services can serve up to 50% – 70% more of their clients (38.9%) in a shorter space of time given that SMEs are increasingly looking for further support from their accounting advisors on forecasting, budgeting, cash flow and business planning, as well as startup mentoring and assistance with business development.

Kevin Fitzgerald, Regional Director for Asia, Xero, said, “With the increase in technology penetration giving rise to increased adoption of automation tools, we are seeing routine tasks giving way to more strategic, analytical work. The accounting industry is no exception as we see automation tools being an integral part of the workflow of accounting firms in Hong Kong and Singapore, and we expect this trend to continue in the next 24 months. By automating administrative jobs, accounting firms are getting into position to extend their capabilities beyond basic compliance services, to providing advisory services which is currently growing in demand. As accountants evolve into business advisors for their small business clients, we see our role here at Xero as an enabler and supporter for our accounting partners, helping them achieve success by leveraging market-leading applications, and banking and fintech partners in our ecosystem.”

Media Contact
Xero Communications
Semantha Tan
[email protected]

Text100 Hong Kong
Rose Chan/Winnie Ngai
[email protected]

About the Accounting Bookkeeping Industry Report
The latest in Xero’s series of industry reports and pacesetter books, the Accounting Bookkeeping Industry Report presents a close-up look at five important areas to help practices gain insight on the opportunities, technologies and approaches of leading practices in comparison to other firms. The study was conducted as an online survey of accounting and bookkeeping practices in Singapore and Hong Kong.

About Xero
Born in the cloud, Xero is a beautiful, easy-to-use platform for small businesses and their advisors. The company has 1.6 million subscribers in over 180 countries and a thriving ecosystem seamlessly integrating with 700+ apps. On the inaugural 2018 Financial Times FT1000 High-Growth Companies Asia Pacific list, Xero was the fastest growing tech company in the $200 million+ segment. Xero won Technology Provider of the Year at the British Small Business Awards in 2016 and was rated by Canstar Blue as Australia’s best accounting software four consecutive years, 2015-2018.

Source: Xinwengao.com

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Xinwengao

Hong Kong accounting firms are quicker to adopt automation tools in daily practice




Hong Kong, China, January 29, 2019 /ChinaNewswire.com/ - 59.5% of locally-based firms are already using data automation apps compared to 25.8% in Singapore

HONG KONG, 29 JANUARY 2019 – Xero, the global small business platform, released its annual Accounting Industry Report for 2019. The report sheds light on the best practices of pacesetting firms1 to serve as benchmark for other firms to maximise their success in 2019 and beyond. Based on the findings, Hong Kong accounting firms are quick to adopt technology when compared to their counterparts in Singapore.

Furthermore, the report found that a larger number of accounting practices in Hong Kong (59.5%) are using data automation apps compared to their counterparts in Singapore (25.8%).

The adoption of such apps is especially popular with pacesetting companies who make up the top 15% of the market, boasting high growth and revenue rates, with 81% of such firms in Hong Kong declaring that they use automation apps when compared to just 34.5% in Singapore.

Xero surveyed 97 accounting and bookkeeping companies in Hong Kong and 157 in Singapore, asking their views across a range of different areas including opportunities for practices in technologies relating to compliance2, simple advisory3 and complex advisory4. The feedback also included views on the performance of apps used by pacesetting practices leading the market in terms of growth, and the priorities of said pacesetting firms in comparison to other firms.

The findings of the report also reveal that financial performance results in Hong Kong are higher than in Singapore with Hong Kong-based companies averaging HKD 2,739,000, compared to Singapore at HKD 1,384,268 (SGD 242,600) in total advisory revenue.

This shows that a higher adoption rate of automation tools in accounting firms positively impacts their ability to devote more time to higher-valued advisory services. Presently, the biggest users of automation tools are practices that provide complex advisory services (42.9%), followed by simple advisory services (33.3%) and basic compliance services (24%). The report also reveals a higher retention rate for high-value clients, with only 6.8% of client departures in the last 12 months. The figure in Singapore is lower with only 3.1% departures.

Accountancy firms that have been proactive in embracing new technology to aid the operational and profit-making functions of their business make around 20% more revenue than the industry average, doubling in total advisory revenue, whilst the cost to serve a single business client is around 80 hours less. However, Singapore-based companies are expected to quickly catch up in 2019 with 52.4% indicating they are considering implementing data automation tools in comparison to just 32.1% of Hong Kong-based firms.

The report outlines how the Hong Kong market has a bigger appetite for advisory services when compared to Singapore, which is estimated to have generated a revenue of over HKD 1.9 billion in 2018. Demand for simple and complex advisory services (50.2% of total revenue) is on par with compliance services (49.8% of total revenue), for example: compared to Singapore, revenue from compliance services (70.4%) is significantly higher than simple advisory (14.6%) and complex advisory (15%) services, indicating that routine year-on-year compliance work is still an intricate part of Singaporean accounting practice.

Accounting firms that would move into providing advisory practices look to prioritise the implementation of timesaving methods to reduce the time they spend chasing clients for documents and information (68.5%), documenting processes and creating workflows (66.7%). Another key area outlined in the report is that building advisory services can serve up to 50% – 70% more of their clients (38.9%) in a shorter space of time given that SMEs are increasingly looking for further support from their accounting advisors on forecasting, budgeting, cash flow and business planning, as well as startup mentoring and assistance with business development.

Kevin Fitzgerald, Regional Director for Asia, Xero, said, “With the increase in technology penetration giving rise to increased adoption of automation tools, we are seeing routine tasks giving way to more strategic, analytical work. The accounting industry is no exception as we see automation tools being an integral part of the workflow of accounting firms in Hong Kong and Singapore, and we expect this trend to continue in the next 24 months. By automating administrative jobs, accounting firms are getting into position to extend their capabilities beyond basic compliance services, to providing advisory services which is currently growing in demand. As accountants evolve into business advisors for their small business clients, we see our role here at Xero as an enabler and supporter for our accounting partners, helping them achieve success by leveraging market-leading applications, and banking and fintech partners in our ecosystem.”

Media Contact
Xero Communications
Semantha Tan
[email protected]

Text100 Hong Kong
Rose Chan/Winnie Ngai
[email protected]

About the Accounting Bookkeeping Industry Report
The latest in Xero’s series of industry reports and pacesetter books, the Accounting Bookkeeping Industry Report presents a close-up look at five important areas to help practices gain insight on the opportunities, technologies and approaches of leading practices in comparison to other firms. The study was conducted as an online survey of accounting and bookkeeping practices in Singapore and Hong Kong.

About Xero
Born in the cloud, Xero is a beautiful, easy-to-use platform for small businesses and their advisors. The company has 1.6 million subscribers in over 180 countries and a thriving ecosystem seamlessly integrating with 700+ apps. On the inaugural 2018 Financial Times FT1000 High-Growth Companies Asia Pacific list, Xero was the fastest growing tech company in the $200 million+ segment. Xero won Technology Provider of the Year at the British Small Business Awards in 2016 and was rated by Canstar Blue as Australia’s best accounting software four consecutive years, 2015-2018.

Source: ChinaNewswire.com

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China Newswire

MELON 2019: ALIENS ON THE GALACTIC SILK ROAD? Asian leading Sci-Fi convention embarks on its third mission in Hong Kong




Hong Kong, China, January 29, 2019 /Xinwengao.com/ - The third Asian Sci-Fi festival Melon 2019: Aliens on the galactic Silk Road? will be held at JW Marriott, Hong Kong on Saturday, March 23rd, 2019. Front and center at Melon this time will be a focus on Aliens.

Once again the leading Sci-Fi conference will once again bring together many of the world’s foremost creative thought leaders to discuss the future of science fiction writing, filmmaking and gaming. Melon 2019 will also explore the latest scientific research, innovative technology such as AI development, space exploration, entrepreneurship and much more.

Fritz Demopoulos, founder of Melon said, “We are delighted to bring this innovative event back to Hong Kong. The 2018 event was a great success with over 25 speakers from around the globe who shared their thoughts and ideas with hundreds of participants. This year, we’ll explore the world of Aliens – Fact or Fantasy? And we’ll share and exchange knowledge between all our participants.

Melon 2019 will showcase more than 20 thought-provoking sessions including keynotes, panel discussions, freestyle presentations, seminars and workshops, also the not-to-be-missed networking events to meet with speakers in person.

Melon 2018 was applauded by speakers and audiences alike, being seen as the up-and-coming Sci-Fi get-together to attend. Keynote speaker and U.S.-based prolific Sci-Fi author Allen Steele said, “Melon is Hong Kong’s preeminent ideas festival focused on science fiction, innovation and the future,” and “it was intellectually stimulating without losing its sense of fun.”

Conference details:
Conference name: Melon 2019: Aliens on the Galactic Silk Road
Date: March 23rd, 2019
Time: 08:00 – 17:00
Venue: JW Marriott Hong Kong
Organizer: The Queen’s Road Foundation
Ticketing: Registration is now open with the early bird rate on offer until January 31st, 2019
Enquiries: [email protected]
Website: www.melon-x.com
Speakers: https://www.melon-x.com/speakers
Facebook Event: https://www.facebook.com/events/225015255115275/

Source: Xinwengao.com

Visit the original:
Xinwengao

MELON 2019: ALIENS ON THE GALACTIC SILK ROAD? Asian leading Sci-Fi convention embarks on its third mission in Hong Kong




Hong Kong, China, January 29, 2019 /ChinaNewswire.com/ - The third Asian Sci-Fi festival Melon 2019: Aliens on the galactic Silk Road? will be held at JW Marriott, Hong Kong on Saturday, March 23rd, 2019. Front and center at Melon this time will be a focus on Aliens.

Once again the leading Sci-Fi conference will once again bring together many of the world’s foremost creative thought leaders to discuss the future of science fiction writing, filmmaking and gaming. Melon 2019 will also explore the latest scientific research, innovative technology such as AI development, space exploration, entrepreneurship and much more.

Fritz Demopoulos, founder of Melon said, “We are delighted to bring this innovative event back to Hong Kong. The 2018 event was a great success with over 25 speakers from around the globe who shared their thoughts and ideas with hundreds of participants. This year, we’ll explore the world of Aliens – Fact or Fantasy? And we’ll share and exchange knowledge between all our participants.

Melon 2019 will showcase more than 20 thought-provoking sessions including keynotes, panel discussions, freestyle presentations, seminars and workshops, also the not-to-be-missed networking events to meet with speakers in person.

Melon 2018 was applauded by speakers and audiences alike, being seen as the up-and-coming Sci-Fi get-together to attend. Keynote speaker and U.S.-based prolific Sci-Fi author Allen Steele said, “Melon is Hong Kong’s preeminent ideas festival focused on science fiction, innovation and the future,” and “it was intellectually stimulating without losing its sense of fun.”

Conference details:
Conference name: Melon 2019: Aliens on the Galactic Silk Road
Date: March 23rd, 2019
Time: 08:00 – 17:00
Venue: JW Marriott Hong Kong
Organizer: The Queen’s Road Foundation
Ticketing: Registration is now open with the early bird rate on offer until January 31st, 2019
Enquiries: [email protected]
Website: www.melon-x.com
Speakers: https://www.melon-x.com/speakers
Facebook Event: https://www.facebook.com/events/225015255115275/

Source: ChinaNewswire.com

Visit the original:
China Newswire