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Coupa Software announced Tuesday that it's acquiring Deep Relevance, a San Francisco, Calif.-based firm that has a platform for detecting fraud in an organization's spending. |
Coupa, which makes cloud-based spend management software, said it plans to apply the AI models developed by Deep Relevance to the spend data Coupa has collected from its customer community. |
In doing so, Coupa said it will create a fraud profile based on the analysis of aggregated community data from expenses, purchase orders, and invoices. This profile score can then be used to alert a company's internal auditors or finance team for further review and action on suspicious activity. |
"Deep Relevance's unique application of AI allows us to accelerate our vision of helping customers reduce fraud through Coupa community intelligence," said Coupa's product SVP Raja Hammoud. "We're thrilled to work with the Deep Relevance team to apply state-of-the-art fraud detection algorithms to Coupa's hundreds of b... |
Coupa bills itself as a savings-as-a-service provider, which basically means it helps customers spend less money over the long tail. The company uses collective bargaining to score prime contract terms on a range of enterprise services for its customers, which include Salesforce, the Container Store, Box, and pharmaceu... |
TripScanner's technology is essentially an open booking system, giving corporate employees the ability to book travel on any website while still adhering to internal travel policies. |
Ford led MobileIron through its IPO last year - something Coupa has been marching toward with all the essential hallmarks. |
In 2018, an estimated 6,227 pedestrians were killed in traffic. That’s a striking rise compared to 2008, where a total of 4,109 pedestrians were killed. A report by the Governors Highway Safety Association (GHSA) cites alcohol use, speeding and unsafe infrastructure as the biggest contributing factors. |
Is disclosure of campaign funding sources essential to the fairness and legitimacy of hotly contested political campaigns? |
We are about to find out in this fall's Congressional elections--and to test the health of our democracy. |
After the Supreme Court's historic decision in Citizens United, corporations and unions, without disclosure of their involvement, can now make two kinds of hidden and unlimited election expenditures through front organizations. |
1) Direct expenditures through trade associations or other special tax-exempt entities which expressly advocate the election, or defeat, of a particular candidate. Such outlays were forbidden by federal election law that was voided by the Court on First Amendment grounds in January of this year. |
2) Issue advocacy expenditures (not candidate advocacy) through "soft money" organizations. These expenditures are typically made by tax-exempt organizations that are subject to weak or no disclosure requirements. After Citizens United, they can be funded with unlimited and undisclosed payments from corporations and un... |
Smaller Democratic majorities (or the takeover of the House) will, in the view of some in the business community, drive legislative policy back towards the center as congressional moderates will be even more necessary for passage. Smaller majorities and enhanced moderate influence may also strengthen congressional over... |
Second, for a variety of reasons, corporations may not want to be identified individually as providing funds from corporate treasuries for "direct" or "issue" expenditures in highly visible or controversial races. (Political Action Committee (PAC) money comes from employee contributions, and sharp limits on PAC contrib... |
Moreover, many corporations (and unions) supported the expenditure limits struck down in Citizens United because, among other things, such limits provided the basis for a strong "no" when candidates continually pressured them for election support beyond PAC contributions. Now that those limits don't exist, corporations... |
The results? An increase in hidden, unlimited expenditures through benignly named front organizations is likely to mislead the electorate and further debase our broken political culture and democratic processes because real parties in interest, with real agendas, will not be identified. In law, the "direct" and "issue"... |
There are three current initiatives to stop corporations and unions from using trade associations and other organizations to mask their expenditures from their organization's treasuries for "direct" or "issue" ads: voluntary corporate action, pressure on companies from shareholder resolutions authorized by the SEC or t... |
--Political spending shall reflect the company's interests, not those of individual officers or directors. |
--The company will disclose publicly all expenditures of corporate funds on political activities. |
--The board shall receive regular reports on spending and review both the purposes of such spending and the internal policies and procedures which regulate it. |
--Employees shall not be coerced to give to the PAC nor reimbursed for personal political contributions and expenses. |
--The company will establish robust systems for ensuring adherence to the complex rules and regulations governing election expenditures and contributions. |
These commitments are drawn from, or parallel, a "Model Code of Conduct for Corporate Political Spending" promulgated by The Center for Political Accountability (CPA), a well-regarded nonprofit whose mission is to engage corporations directly to improve campaign finance disclosure. Working with the CPA and about 30 inv... |
But, even among these leaders, companies have often not clearly committed to disclose use of front organizations in election campaigns--have not adopted or implemented the CPA code provision that "the company will follow a preferred policy of making its political expenditures directly rather than through third party gr... |
This is due, in part, to the current complexity of the law. Corporations may make unlimited payments to tax-exempt trade associations (501(c)(6) organizations) or social welfare groups (501(c)(4) organizations). Under the law, such organizations may engage in political campaign activities so long as political action is... |
Corporations can press associations to provide more detail on those political expenditures. Few, however, seek that information or disclose to their shareholders and other stakeholders which candidates and issues are being supported because, as noted, these front organizations allow individual corporations to remain in... |
Thus, the voluntary corporate efforts, aided by groups like the Center for Political Accountability, are admirable but limited. They don't cover myriad corporations with strong agendas who do not wish to make voluntary disclosure commitments nor do they deal consistently and effectively with the hidden money for "direc... |
2) A second initiative to force disclosure of these hidden expenditures involves shareholder proposals authorized by the SEC for presentation at the annual meetings of corporations. As with the model code, the Center for Political Accountability has developed a model shareholder proposal that calls on companies to issu... |
Such resolutions, in theory, put pressure on corporations to adopt good practices--and indeed the pendency of such resolutions may have influenced some of the 70 CPA "leaders" to increase disclosure. In recent years, these proposals have garnered an ever higher vote at all companies facing the issues: from an average o... |
3) Finally, lost amidst the controversies over the Gulf spill, the financial services bill , the prime-the-pump or cut-the-deficit debate and AfPak is detailed campaign finance legislation sponsored by the heads of the House and Senate Democratic campaign committees, Representative Chris Van Hollen and Senator Charles ... |
--The heads of any organizations sponsoring an ad (corporations, unions, trade or other associations recognized under the IRS code) would be required to appear during the ad to state that he/she "approves this message." |
--The names of the top five donors to an organization would have to appear in an ad and the head of the top funder for a particular ad sponsored by an organization must also appear to state that he/she "approves this message." |
--An organization or association spending more than $10,000 would have to report all donors who have given $1,000 or more during a 12 month period. |
--Entities that contribute to front organizations with the purpose that such an organization will engage in political advertising must make their own disclosures. |
--Required disclosures must occur on a much faster schedule so that they can be relevant to the campaign in question. |
Not surprisingly, a bill sponsored by the heads of the Democratic campaign committees is strongly opposed by the Republicans. They object, in particular, to substantive provisions which ban direct expenditures by government contractors and TARP recipients (with no substantive limitations on unions). They also want gun-... |
Whether the Democrats can find a few moderate Republicans to stop the filibuster remains an open question (we've seen this movie before). What is disheartening is that, after years of bipartisan effort on campaign finance reform, including disclosure issues, the subject, like everything else in Washington, is now the s... |
What is certain is that, if enacted, the new campaign finance law will immediately face a constitutional challenge on at least two grounds. The substantive prohibition on direct expenditures by contractors--conditioning their relations with the government on abrogation of what Citizens United (rightly or wrongly) held ... |
Moreover, the tough disclosure provisions also raise constitutional questions. In Citizens United, the Court explicitly upheld disclaimer provisions (ad not authorized by candidate) and disclosure provisions (what person is making the outlay and at what amount). But it noted that disclaimer and disclosure provisions ma... |
In sum, all three current routes to more disclosure to stop unlimited, hidden election expenditures are problematic in achieving broad effects. |
Even if there is more disclosure as a result of the three initiatives described briefly above, we are left with more basic problems. Who will review all that disclosure and interpret it? Who among the voting public will listen to such interpretation in in the midst of a fast-moving and contentious campaign. The same pr... |
Disclosure of data without context and meaning has limited use. The sheer complexity of campaigns and of the lawmaking processes requires strong analyses and a diverse media to help normal people understand competing visions of context and consequences. |
One of the many bitter ironies of our current political culture is that as money for campaigns mounts and public policy increases in complexity (and pages of legislation are counted in the thousands) the number of independent commentators in major media vehicles who can reach large numbers of people is decreasing (even... |
Grimes, aka Claire Boucher, is the face of Stella McCartney’s new perfume line POP. The fragrance emphasizes sustainability, which is an issue Boucher has championed in the past. The first ad is amusing, with Grimes discussing her interest in sustainability, how her friends keep her focused and how friendship is “impor... |
Roger Ailes’ legacy lives on. Following Gretchan Carlson’s sexual harassment lawsuit against Ailes and Fox News, a slew of lawsuits have been lodged against the company for discrimination of all kinds, and the plaintiffs continue to multiply. |
On Friday, Fox fired contributor Bob Beckel “for making an insensitive remark to an African-American employee.” Said employee is being represented by Wigdor LLP, and Variety reports that the three new, similar, federal lawsuits were filed under the guidance of the firm’s founding partner Douglas Wigdor, who is now repr... |
Vidya Mann and Naima Farrow both worked in accounts receivable under Judith Slater, a former Fox News comptroller and the subject of an ever-expanding discrimination lawsuit. Both Mann and Farrow allege that they were fired after becoming pregnant while working under Slater, and that she subjected them to racist remark... |
According to the complaint, Flatter referred to her and other employees as “sluts” and “whores,” and would fly into uncontrolled rages. The complaint also describes a culture of widespread sexual harassment, and alleges that her complaints were ignored for months. |
We have consistently demonstrated that the Company is committed to a diverse workplace that is free from all forms of discrimination, takes any complaint of discrimination seriously, and in these particular matters took prompt, effective and, where necessary, strong remedial action. We believe these latest claims are w... |
Former coach still has a lot to say about cricket, though obliquely. |
From 2000 to 2005, John Wright whipped Indian cricketers into shape. Now he fattens cattle. |
As coach of the world's most popular team, he had to put up with cacophonous fans and media. Now he operates in the tranquillity of his farm in New Zealand. He is, in every way, doing the exact opposite of what he used to. |
"It's a different life now," the 52-year-old told HT in Mumbai on Monday. |
"Coaching India was a great job. I am grateful for having been given the privilege. But it drains you. Farming is my way of taking a break." |
That doesn't mean Wright has deleted cricket out of his life. The former New Zealand captain still has a lot to say about the sport, though he tends to say it obliquely. |
What did you think of India's performance in the first match? |
I liked what I saw. Munaf Patel was impressive and so was Pathan. The fielding is young. Though the batting saw some rough patches, considering they are playing at home, it will sort itself out. Sachin's also looking good again. I think the team is progressing under Greg (Chappell) and Rahul. |
Why not? We've been crying out for an all-rounder for so long. If he's good at batting, he should be encouraged. As long as it's not causing his bowling to drop. |
When you see Indian players now is there a temptation to discuss their game with them? |
No. They have a new coach. And if they needed to know something they'd ask. But it's nice to see them again. I met Harbhajan Singh, Mohammad Kaif and RP Singh recently. |
As someone who worked closely with both Dalmiya and Ganguly, how do you see their exit? |
When change happens in the subcontinent, it happens very quickly. It's a reflection of what the game is in this part of the world. And let's face it, everyone comes up for the vote. |
Did Sourav have it coming? |
After he lost his captaincy, he needed to score runs to be in contention. It's good that he is still playing and is continuing to try. But any player trying to return to a team needs to score runs. |
Could Sourav have been fitter? |
Well, if you are part of a One-day side, your fielding has to be of the same level as others. |
You had some frank words about the selection process in your book, Indian Summers. We now have Dilip Vengsarkar as chief selector. Do you expect him to make a difference? |
What I said was selectors ought to be treated fairly. They can't be voted in or out every year. Selectors are like players. If you get good ones hold on to them. I still say it's an area that Indian cricket needs to look into. |
Dilip has been around for a long time. However, he's in a tough job, which would require him to take tough decisions. I think Dilip will be strong. And if I were in Indian cricket, I would pay him a good salary and give him a couple of years in the job at least. |
There wasn't a lot of dressing room stuff in the book. Before it was published, I read it and re-read it. That said, I did want it to offer the right perspective on Indian cricket. |
Shoaib Akhtar and Mohammed Asif have tested positive for a banned substance. Do you feel there is doping in cricket? |
I don't know what exactly happened with Shoaib and Asif, so there's not a lot that I can say. But I am sad for Asif. He is talented. I remember before the last World Cup, the Indian players were tested in New Zealand. That was a good thing, because we got it over and done with and could concentrate on the preparation. ... |
Age and Hurricane Irma have combined to keep the Cocoa campus planetarium and observatory closed indefinitely. |
Eastern Florida State College's planetarium and observatory will remain closed for the foreseeable future while the college attempts to raise $9 million to repair and modernize the hurricane-damaged facility. |
The Cocoa campus building has been closed since Hurricane Irma ripped off portions of its roof last September, allowing significant water intrusion from ensuing heavy rains. |
The 24-inch telescope is intact. But an engineering study estimated repairs and fixes to various “life safety” issues resulting from the storm and age — including a new roof, air conditioning and fire suppression systems — would cost $5 million. |
Upgrades recommended years earlier to outdated technology used for laser light shows and other programs would add another $4 million. |
The problem: the college doesn’t have the money. |
Spokesman John Glisch said EFSC would pursue a two-pronged approach to try to secure it. |
The college will seek money from state Legislature next year, adding the 48,500-square-foot facility, built in 1974, to its annual list of major infrastructure needs. |
In addition, community interest in supporting the project through a capital campaign will be explored. |
“It is our hope this dual track approach will lead to ways where we might gain the money that’s needed to repair and completely renovate the 45-year-old building,” said Glisch. |
More than 12,000 students visited the planetarium each year. The public also could look through the 24-inch telescope each weekend, with support from Brevard Astronomical Society volunteers. |
The society, which held monthly meetings at the planetarium, has been forced to gather instead at members’ offices and homes. |
The Florida Institute of Technology in Melbourne hosts the 32-inch Ortega telescope, which opens monthly following a public science lecture series. The University of Central Florida also hosts occasional “Knights under the stars” events. |
Guibert said he was pleased to see Eastern Florida working to restore the Cocoa observatory, after rumors immediately swirled after Irma that the college might consider razing the facility. |
After the storm, the college approached Brevard Public Schools about taking over the planetarium, as it did in 2016 with Delaware North, operator of the Kennedy Space Center Visitor Complex. |
Both Delaware North and the school district declined the opportunity because of the substantial investments needed in the aging building. |
“We think it’s clearly a unique facility for the community and even the region, which is why we’re taking these additional steps to see if we can’t get the funds that would be needed to do a complete repair and renovation, and make the building new again for long-term use,” said Glisch. |
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PMO said the controversy was 'unnecessary' as "there is no rule in KVIC that it's diary and calendar should have only Gandhiji's photo." |
A controversy erupted today over Narendra Modi’s photo appearing on the diary and the calendar of Khadi and Village Industries Corporation (KVIC), with Congress and some others targeting the Prime Minister, whose office termed the row as “unnecessary”. A section of KVIC has protested the exclusion of Mahatma Gandhi’s p... |
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