Cost Saving Opportunities for the Global Travel and Entertainment Cards Market: Technavio

LONDON–(BUSINESS WIRE)–According to the latest procurement intelligence report from Technavio, the global travel and entertainment cards market is expected to grow at a CAGR of 4% over the next five years strong growth of corporate travel, widespread adoption of card culture in APAC and MEA, and availability of effective and integrated expense management programs.
The research report titled ‘Global Travel and Entertainment Cards Market: Procurement Market Intelligence Report 2017-2021’ provides an in-depth analysis of category spend, best procurement practices and cost saving opportunities, aimed at helping organizations achieve superior business performance. The report also provides insights on pricing, supplier positioning and top companies, enabling sourcing professionals to improve their competitive advantage through procurement excellence.
“During the forecast period, the travel and entertainment cards market will be driven by increase in cashless transactions which are likely to grow across the world at a rate of more than 10% during the forecast period,” says lead Technavio procurement specialist Angad Singh for category spend intelligence. “In addition, use of travel and entertainment card is helping businesses reduce instances of corporate travel expense fraud, which will further drive the market,” adds Angad.
Looking for more information on this market? Request a free sample report.
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Technavio sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Cost saving opportunities in the travel and entertainment cards market
The adoption of various cost-optimization levers helps buyers of global travel and entertainment cards realize direct cost savings and enhance category management and value benefits (including reduced procurement complexities).
Technavio procurement experts have segmented the cost saving opportunities in the travel and entertainment cards market into the following value-enhancement opportunities:
Adoption of technology
Supplier Competition
Adoption of negotiation strategies
Optimization of procurement practices
Bundling of services
Adoption of technology saving aspects
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Technologies such Use of EMV cards, SaaS, digitized payment processing systems such as mobile applications, online booking portals, and platforms that are compatible with mobile wallets and NFC payments help to simplify, secure and regulate travel expenditure.
Digitized express management programs should also be able to provide assistance in reducing the overall spend by identifying high-spend areas and methods to decrease the spend on these areas.
View our subscription bundles to discover more cost saving opportunities: Request for demo
Optimization of supplier competition saving aspects
Optimization of supply pool segregation is critical in the global travel and entertainment cards market. Technavio analysts suggest competitive bidding based on parameters such as industry specific experience, technological expertise, licenses, and availability of expense management programs.
Suppliers must acquire and possess necessary licenses and permits mandated by regulatory authorities to operate in a region. They must be registered as bank or money services businesses with authorities such as the RBI in India and the FDIC in the US to operate in the respective countries. Also, they should form necessary alliances with financial service providers such as American Express, Discover, Visa, or Mastercard to provide their services.
Bundling of services saving aspects
One of the most opportunistic strategic cost saving levers in the global travel and entertainment cards market is the need for consolidation and unification travel activities. Organizations are looking to consolidate services such as travel insurance, online booking access, and provision of virtual cards. Suppliers should be able to provide 24/7 customer support through various communication platforms such as helplines, emails, and SMS.
Browse other reports:
Global Subscription and Billing Management Market – Procurement Market Intelligence Report 2017-2021
Global Software Maintenance Market – Procurement Market Intelligence Report 2017-2021
Global Employee Relocation Services Market – Procurement Market Intelligence Report 2017-2021
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.
About Technavio
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at media@technavio.com.
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TVO retire son action en référé contre AREVA

PARIS–(BUSINESS WIRE)–Regulatory News:
AREVA (Paris:AREVA):
Le 29 septembre 2016, TVO a assigné AREVA en référé devant le président du tribunal de commerce de Nanterre afin d’obtenir des informations relatives à sa restructuration et aux conséquences potentielles sur l’exécution du contrat OL3.
Des discussions entre les parties ont permis le retrait de cette action le 18 mai 2017.
Les parties se concentrent sur l’achèvement du projet OL3 et le démarrage de la centrale.
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A PROPOS D’AREVA
AREVA fournit des produits et services à forte valeur ajoutée pour le fonctionnement du parc nucléaire mondial.
Le groupe intervient sur l’ensemble du cycle du nucléaire, depuis la mine d’uranium jusqu’au recyclage des combustibles usés, en passant par la conception de réacteurs nucléaires et les services pour leur exploitation.
Son expertise, sa maîtrise des procédés technologiques de pointe et son exigence absolue en matière de sûreté sont reconnues par les électriciens du monde entier.
Les 36 000 collaborateurs d’AREVA contribuent à bâtir le modèle énergétique de demain : fournir au plus grand nombre une énergie toujours plus sûre, plus propre et plus économique.
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of Twilio Inc. — TWLO

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NEW YORK–(BUSINESS WIRE)–Levi & Korsinsky, LLP announces it has commenced an investigation of Twilio Inc. (“Twilio”) (NYSE:TWLO) concerning possible violations of federal securities laws.
On May 2, 2017, Twilio disclosed changes in its relationship with its largest customer, Uber, and cut its 2017 guidance. Following this news, shares of Twilio fell approximately 26 percent. To obtain additional information, go to:
http://zlk.9nl.com/twilio-twlo
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
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CONTACT:Levi & Korsinsky, LLPJoseph E. Levi, Esq.30 Broad Street – 24th FloorNew York, NY 10004Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171www.zlk.com
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Digital Power Corporation Adds VOX Power High Density Modular Products

FREMONT, Calif., May 24, 2017 (GLOBE NEWSWIRE) — Digital Power Corporation (NYSE MKT:DPW), (“Digital Power” or the “Company”), a developer and manufacturer of power supply solutions for the most demanding applications in the telecom, medical, industrial and military markets, announced that it has signed a distribution agreement with VOX Power Ltd. (VOX), a provider of state-of-the-art AC/DC modular configurable power supplies to global industrial, medical and defense markets.
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http://www.globenewswire.com/NewsRoom/AttachmentNg/b50b73e0-d2e3-4c09-8d75-46665fe47a31
http://www.globenewswire.com/NewsRoom/AttachmentNg/3cbab155-0307-40a8-94f5-c9e4d6c1bcfd
Under the terms of the agreement, the Digital Power NEVO and VCCM conduction cooled series power supply solutions will incorporate VOX chassis and modules that are designed for information technology, medically approved products and defense applications. The VCCM series devices include small form-factor, high density, modular and configurable power supplies with power densities that exceed 25W/in3.
Designed with highest reliability and versatility in mind, both the NEVO and VCCM series devices are suitable for applications that range from the most controlled environments to the harshest conditions. Standard features include fully adjustable output voltage, externally controllable voltage and current, and series or parallel outputs. Each device can accommodate up to four isolated DC output modules and each module uses SMT components to ensure reliability. Devices can be configured as conduction, convection or forced air cooled. This versatility allows units to be seamlessly integrated across a vast range of applications and makes the devices ideal for standardizing power platforms.
To support customers who often require fast fulfillment of orders for prototypes, pre-production devices and small quantities, Digital Power will offer quick turn-around times for the final assembly, voltage adjustment, testing, packaging and delivery of these configured miniature power supplies. For evaluation units and small quantities, devices typically can be delivered in one to three days. The lead time for production volumes is typically 12 weeks.

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For complete NEVO and VCCM series specifications, installation and user documentation, CAD drawings, safety certificates, and EMC and HALT reports, visit http://www.digipwr.com.
Commenting on the agreement with VOX, Digital Power Corporation President and CEO Amos Kohn said, “We are committed to bringing to market the most advanced and power dense solutions available. The NEVO and VCCM series devices with VOX chassis and modules provide options for our customers who have a variety of low to medium volume applications that require multiple or single output power solutions. With these devices, customers can configure their solutions from inventory as needed and prepare multiple output solutions up to 600 watts and single output solutions in the Kilowatt range within one day.”
About Digital Power CorporationHeadquartered in Fremont, California, Digital Power Corporation designs, manufactures and sells high- grade, customized and off-the-shelf power system solutions. Its products are used in the most demanding telecom, industrial, medical and military applications where customers require high density, high efficiency and ruggedized power solutions. The Company’s wholly owned subsidiary, Digital Power Limited, which does business as Gresham Power Electronics is based in Salisbury, UK.   Digital Power’s headquarters is located at 48430 Lakeview Blvd., Fremont, California 94538; 1-877-634-0982 e-mail: sales@digipwr.com Website: www.digipwr.com.
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Forward Looking Statements The foregoing release contains “forward looking statements” regarding future events or results within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements concerning the Company’s current expectations regarding revenues from contracts. The Company cautions readers that such “forward looking statements” are, in fact, predictions that are subject to risks and uncertainties and that actual events or results may differ materially from those anticipated events or results expressed or implied by such forward-looking statements. As previously noted, the current customers associated with the aforementioned contracts may modify their purchase forecasts for these products that would increase or decrease the Company’s actual revenue versus current revenue forecast for these customers. The Company disclaims any current intention to update its “forward looking statements,” and the estimates and assumptions within them, at any time or for any reason. More information about potential risk factors that could affect the Company’s business and financial results are included in the Company’s most recent filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available on the Company’s website at www.digipwr.com. 
The photos are also available at Newscom, www.newscom.com, and via AP PhotoExpress.
For Investor Relations inquiries: IR@digipwr.com or 1-888-753-2235.
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SANUWAVE Health Announces Shock Wave Scientific Program in Milan, Italy Conducted by Medical Advanced Technologies, 26 May, 2017

SUWANEE, GA–(Marketwired – May 23, 2017) – SANUWAVE Health, Inc. (OTCQB: SNWV) is pleased to announce that the company’s exclusive distributor in Italy, Medical Advanced Technologies S.R.L. (MATEK) is sponsoring a one day scientific program to be conducted in Milan, Italy on May 26, 2017. This program, Workshop@Rooftop, will be held at the exclusive Hotel The Square in Milan. MATEK has been one of SANUWAVE’s most active partners in promoting both dermaPACE® and orthoPACE® in Europe. Their innovative and proactive approach towards promoting dermaPACE and orthoPACE is reflected in this program which will assemble some of the most accomplished medical researchers and medical practitioners in Italy. The program will discuss the newest clinical information related to the mechanism of action for SANUWAVE’s product line and to discuss clinical case-studies and on-going research in the field of extracorporeal shock wave technology (ESWT) and in particular the use of dermaPACE for wound indications and orthoPACE for orthopedic indications. Specific topics include:
Update on mechanism of action: from mechanobiology to the clinical practice, M.C., D’Agostino
Shock Wave Therapy for Myofascial Syndrome “Trigger Point”, A. Previtera
Update about international guidelines and new therapeutic frontiers, E. Tibalt
MATEK, with headquarters in Milan, Italy, has long been SANUWAVE’s partner in Italy. With their strength, experience and knowledge of the orthopedics and the wound care market, they are well positioned to help expand SANUWAVE’s market penetration via increased clinical presence and to continue to promote the company’s core products, dermaPACE and orthoPACE. ”MATEK, once again, is setting the stage for creativity in furthering the field of ESWT. They are a model, not just in Italy, but in all of Europe, for how to create excitement and discussion among clinical researchers and practitioners alike.” stated Mr. Richardson, Chief Executive Officer of SANUWAVE. ”We are extremely fortunate to have MATEK as a key team member in promoting our products abroad.”

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For information related to MATEK’s Scientific Program, contact Ms. Annalisa Ali by email at commerciale@mateksrl.com or by telephone at +39 02 87264725.
About SANUWAVE Health, Inc.
SANUWAVE Health, Inc. (OTCQB: SNWV) (www.sanuwave.com) is a shock wave technology company initially focused on the development and commercialization of patented noninvasive, biological response activating devices for the repair and regeneration of skin, musculoskeletal tissue and vascular structures. SANUWAVE’s portfolio of regenerative medicine products and product candidates activate biologic signaling and angiogenic responses, producing new vascularization and microcirculatory improvement, which helps restore the body’s normal healing processes and regeneration. SANUWAVE applies its patented PACE technology in wound healing, orthopedic/spine, plastic/cosmetic and cardiac conditions. Its lead product candidate for the global wound care market, dermaPACE®, is CE Marked throughout Europe and has device license approval for the treatment of the skin and subcutaneous soft tissue in Canada, Australia and New Zealand. In the U.S., dermaPACE is currently under the FDA’s de novo petition review process for the treatment of diabetic foot ulcers. SANUWAVE researches, designs, manufactures, markets and services its products worldwide, and believes it has demonstrated that its technology is safe and effective in stimulating healing in chronic conditions of the foot (plantar fasciitis) and the elbow (lateral epicondylitis) through its U.S. Class III PMA approved OssaTron® device, as well as stimulating bone and chronic tendonitis regeneration in the musculoskeletal environment through the utilization of its OssaTron, Evotron® and orthoPACE® devices in Europe, Asia and Asia/Pacific. In addition, there are license/partnership opportunities for SANUWAVE’s shock wave technology for non-medical uses, including energy, water, food and industrial markets.
About MATEK
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Operating since 2010 in the field of medical instruments, MATEK s.r.l. is the exclusive distributor in Italy of the products manufactured by SANUWAVE Inc., an emerging US-based regenerative medicine company. With the support of its specialized technical experts and qualified professionals, MATEK s.r.l. supplies its customers with electrohydraulic focused shock wave generators. This technique has been proven to have a high success rate in the treatment of soft tissue and bone diseases. MATEK’s mission is to provide users of medical devices, and in particular of focused shock wave generators, all-inclusive support to ensure consistently high quality levels even with intensive use. We offer training courses, assistance in promoting the presence and use of the medical device, medical/scientific support and technical/administrative information in relationships with the competent health authorities.
Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are risks associated with the regulatory approval and marketing of the Company’s product candidates and products, unproven pre-clinical and clinical development activities, regulatory oversight, the Company’s ability to manage its capital resource issues, competition, and the other factors discussed in detail in the Company’s periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement.
For additional information about the Company, visit www.sanuwave.com.
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Soundtrap Expands Its Successful Cloud-Based Music and Podcast Recording Platform to Four New Languages in 57 Countries

PALO ALTO, Calif. & STOCKHOLM–(BUSINESS WIRE)–Soundtrap, the innovative online music and podcast recording studio, will make its Consumer and Education solutions available as part of an expansion to four new languages: Spanish, French, German and Swedish, enabling it to reach millions of new users in more than 57 countries.
Soundtrap, which is in demand with consumers and teachers, enables users to collaborate with peers in the same room or across the globe on music, podcasts and other audio projects including music or language. Launching initially in 2015, Soundtrap soon rolled out an education version of its audio recording platform. Since then, more than 350 new schools each week embrace Soundtrap as a preferred educational tool in their classrooms. Moreover, more than one million users now use the Soundtrap platform.
“Music collaboration, and the ability to creatively create music and podcasts, should be open to students, educators and musicians around the world,” said Soundtrap CEO Per Emanuelsson. “As Soundtrap’s versatile audio platform expands to more languages, we see greater opportunities for users to explore new cultures and share their ideas across continents.”
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Soundtrap’s group recordings can be done with students and other users from within an “invited” secure group, collaborating with participants in a “Walled Garden” environment which is protected from the rest of the Internet. Teachers can create walled-garden groups for a single class, an entire school, or multiple classes or schools.
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Soundtrap works across iOS, Android, Chromebooks, Mac and Windows platforms, making it ideally suited for project-based learning and collaborative assignments. Fully integrated with Google Classroom, Soundtrap was named “The Best Website for Teaching and Learning 2015” by the American Association of School Librarians and is a winner in the 2017 EdTech Digest Awards program.
Resource Videos:

What is Soundtrap: https://www.youtube.com/watch?v=xheoUkbyhE4
Soundtrap in Education: https://www.youtube.com/watch?v=2ViLQD_2RK4
Photos: https://www.flickr.com/photos/97627992@N07/sets/72157654452327362
Pricing: https://www.soundtrap.com/pricing?tab=education
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