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SAP Certified Application Associate - Modeling and Data Management with SAP
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Killexams : SAP Application exam Questions - BingNews Search results Killexams : SAP Application exam Questions - BingNews Killexams : Best Business Certifications of 2021

A shrewd business professional looks for ways to move up (or over) to Excellerate their salary, benefits and job opportunities. One way to reach that goal is by getting a business certification.

It’s tricky to nail down what constitutes a “business certification.” Think about the sheer number of lines of business (LOBs) in U.S. companies, and that most LOBs can have multiple associated certifications. To narrow our focus, we looked at general business and management credentials, as well as customer resource management, supply chain, sales and purchasing certifications. Although most of the certifications we selected are vendor-agnostic – not tied to a specific system or application – we researched several credentials from SAP, SAS and similar companies that specialize in business applications.

These are the certifications we examined:

  • Certified Associate in Project Management
  • Certified Business Analysis Professional
  • Certified Supply Chain Professional
  • Project Management Professional (PMP)
  • SAP Certified Application Associate – Business Planning and Consolidation
  • Salesforce Certified Administrator
  • HubSpot Inbound Marketing
  • Oracle Certified Professional (OCP)

Whether you’re just starting out in a professional track or have been at it for a while, you should find one or more of the certifications described in this article of interest and value.

Top 8 certifications, by the numbers

The following table lists the top business-related certifications based on the number of open positions on a single day that call for the certification specifically. This isn’t a scientific analysis in which every job description is examined (especially when the numbers reach into the hundreds or thousands); it’s just an overall glance at search numbers as of Dec. 23, 2020.

Job site search results

Certification SimplyHired LinkedIn Jobs Total
Certified Associate in Project Management (CAPM) 528 988 1,516
Certified Business Analysis Professional (CBAP) 246 399 645
Certified Supply Chain Professional (CSCP) 426 791


Project Management Professional (PMP) 11,910 20,485 32,395
SAP Certified Application Associate – Business Planning and Consolidation 340 728 1,068
Salesforce Certified Administrator 694 1,170 1,864
HubSpot Inbound Marketing 599 108 707
Oracle Certified Professional (OCP) 830 1,444 2,274

The following sections provide details on the top business certifications according to job site searches, as well as other certifications from their various organizations.

Certified Associate in Project Management (CAPM)

The Project Management Institute (PMI) has been around since 1969, helping business workers develop careers in project management, mainly through professional development and certifications.

The Certified Associate in Project Management (CAPM) is ideal for up-and-coming project managers. You need to show proof of a high school diploma, associate degree or global equivalent. The single exam has 150 questions, costs $225 for PMI members or $300 for nonmembers, and is available through Pearson VUE. By the time you take the exam, you need to have attained 1,500 hours of project experience or 23 hours of project management education. The certification is valid for five years, and you must retake the exam to maintain the credential.

PMI has other certifications aimed at the business community, such as the Project Management Professional (PMP), PMI Professional in Business Analysis (PMI-PBA), Portfolio Management Professional (PfMP), Program Management Professional (PgMP) and PMI Scheduling Professional (PMI-SP).

Certified Business Analysis Professional (CBAP)

If you’re interested in analyzing business needs and coming up with solutions, take a look at the Certified Business Analysis Professional (CBAP) by the International Institute of Business Analysis (IIBA). The CBAP is an advanced certification aimed at managers and leaders with more than five years of business analysis experience. More precisely, you need at least 7,500 hours of business analysis experience over the last decade, and 900 of those hours must directly relate to four of the six BABOK Guide knowledge areas. On top of that, you need at least 35 hours of professional development credits (earned over the last four years), plus two references.

The CBAP exam has 120 multiple-choice questions, based on scenarios and case studies, and is available through PSI. The exam costs $325 for IIBA members or $450 for nonmembers, and a $125 application fee is required. To maintain the CBAP, credential holders must earn at least 60 continuing development units within three years of achieving certification.

The IIBA offers related credentials, such as the Entry Certificate in Business Analysis (ECBA), Certificate of Capability in Business Analysis (CCBA), Agile Analysis Certification (IIBA-AAC) and Certification in Business Data Analytics (IIBA-CBDA).

Certified Supply Chain Professional (CSCP)

APICS is all about supply chain management. As part of its goal to develop qualified operators, supervisors and leaders, it offers the Certified Supply Chain Professional (CSCP) and a few other certifications. The CSCP covers supply chain concepts and technology, plus strategies for end-to-end operations, from supplier to company to consumer.

To earn the CSCP, you need a bachelor’s degree or equivalent, at least one other approved certification, and at least three years of related business experience. You also need to pass an exam that costs $695 to $965, depending on your APICS membership status.

Project Management Professional (PMP)

The Project Management Professional (PMP) from PMI is among the most recognized and sought-after certifications for both business and IT. The requirements are stiff. Option one requires a high school diploma, associate degree or global equivalent; 7,500 hours of experience leading projects; and 35 hours of project management education. Option two is a four-year degree, 4,500 hours leading projects and 35 hours of project management education. [Read related article on our sister site Business News Daily: Best Project Management Certifications]

You must pass a 200-question exam to earn the PMP, which is available through Pearson VUE. The exam costs $405 for PMI members and $555 for nonmembers. You maintain the PMP certification by earning 60 professional development units (PDUs) every three years. 

SAP Certified Application Associate – CRM

Are you SAP savvy? SAP, a European multinational software program, stands for “systems, applications and products.” The software is used by companies around the world to manage business operations and customer relationships across several lines of business, including human resources, marketing, sales, manufacturing and supply chain.

The SAP Certified Application Associate – CRM recognizes a consultant’s skills in understanding and using SAP CRM software, including how it integrates with other SAP solutions like NetWeaver. SAP recommends that candidates have a combination of experience and training before sitting for the certification exam; training courses are available if needed. The exam has 80 questions and costs $571. You can take the exam through the SAP Certification Hub.

Salesforce Certified Administrator

If you’ve ever worked with or considered using a customer relationship management (CRM) platform, you’ve likely heard of Salesforce. From help desk and lead management to sales and customer service, Salesforce is an all-in-one CRM platform that scales with a business’s needs as it grows. The platform has become so popular since its launch in 1999 that it’s considered an industry leader and won our best pick for enterprise CRM usage.

If you’re looking to leverage the platform at an administrative level, Salesforce offers a certification program to increase your knowledge of the platform. The program requires you to take several classes and workshops before completing a proctored credential exam. The classes and exam typically cost a few thousand dollars.

Salesforce suggests that anyone seeking this certification should already have a decent handle on the platform, since the certification seeks to build upon their understanding of existing features and functions. Once you complete this program, the company also offers the Advanced Administrator certification to further your knowledge of the platform.

HubSpot Inbound Marketing

HubSpot is a CRM platform that helps businesses handle their marketing, sales and help desk needs. While the platform covers various specialties, the HubSpot Inbound Marketing certification teaches how to use content creation, social media and other inbound marketing methods to your advantage.

This is a free certification course comprising seven lessons, complete with 34 videos and eight quizzes, that takes slightly over four hours in all.  

Oracle Certified Professional (OCP)

Oracle is a leading cloud database software company that helps apply the nebulous digital concept to numerous business functions. More than 2.2 million people have earned their Oracle Certified Professional credentials, and our initial research found over 2,000 job openings for the designation.

With numerous certification paths spanning the platform’s cloud-based and on-premises software and hardware solutions, Oracle offers free learning courses in a wide range of specialties. Once you’re ready for an exam, you must purchase a voucher at prices ranging from $95 to $245. These vouchers are good for six months, giving you enough time to hone your skills with the Oracle platform before committing to a test.

What else?

The American Purchasing Society is the membership organization behind the Certified Purchasing Professional (CPP), Certified Professional Purchasing Manager (CPPM), Certified Green Purchasing Professional (CGPP), Certified Professional in Distribution and Warehousing (CPDW), and Certified Professional Purchasing Consultant (CPPC) programs.

If your career involves the creation, use, retrieval and disposal of business records, check out the Institute of Certified Records Managers (ICRM), Certified Records Analyst (CRA) and Certified Records Manager (CRM) programs.

On the global front, the Institute of Management Consultants offers the Certified Management Consultant (CMC) certification, and NASBITE’s Certified Global Business Professional (CGBP) focuses on global business management and marketing, supply chain management, and trade finance.

Finally, the Business Relationship Management Institute has two certifications: the Business Relationship Management Professional (BRMP) and Certified Business Relationship Manager (CBRM).

Andrew Martins contributed to the writing and research in this article.

Tue, 28 Jun 2022 12:00:00 -0500 en text/html
Killexams : SAP Application Services Market Is Dazzling Worldwide with Major Giants Atos, Deloitte, PwC, Cognizant

An extensive elaboration of Global SAP Application Services Market covering micro level of analysis by competitors and key business segments (2022-2030). The Global SAP Application Services explores comprehensive study on various segments like opportunities, size, development, innovation, sales and overall growth of major players. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources. Some of the MajorKey players profiled in the study are SAP, NTT Data, Infosys, Atos, Deloitte, Accenture, Capgemini, Wipro, Tata Consultancy Services (TCS), IBM, Fujitsu, PwC, Cognizant, CGI, DXC Technology & EPAM

Get free access to trial report @:

On the off chance that you are engaged with the industry or expect to be, at that point this investigation will deliver you complete perspective. It’s crucial you stay up with the latest sectioned by Applications [BFSI, Manufacturing, Retail & CPG, Telecom & IT & Life Sciences & Healthcare], Product Types, [, Management Services, Implementation and Upgrades, Post-Implementation Services & SAP Hosting] and some significant parts in the business
For more data or any query mail at [email protected]

Which market aspects are illuminated in the report?

Executive Summary: It covers a summary of the most vital studies, the Global SAP Application Services market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.

Study Analysis:Covers major companies, vital market segments, the scope of the products offered in the Global SAP Application Services market, the years measured and the study points.

Company Profile: Each Firm well-defined in this segment is screened based on a products, value, SWOT analysis, their ability and other significant features.

Manufacture by region: This Global SAP Application Services report offers data on imports and exports, sales, production and key companies in all studied regional markets

Highlighted of Global SAP Application Services Market Segments and Sub-Segment:

SAP Application Services Market by Key Players: SAP, NTT Data, Infosys, Atos, Deloitte, Accenture, Capgemini, Wipro, Tata Consultancy Services (TCS), IBM, Fujitsu, PwC, Cognizant, CGI, DXC Technology & EPAM

SAP Application Services Market by Types: Management Services, Implementation and Upgrades, Post-Implementation Services & SAP Hosting

SAP Application Services Market by End-User/Application: BFSI, Manufacturing, Retail & CPG, Telecom & IT & Life Sciences & Healthcare

SAP Application Services Market by Geographical Analysis: North America, Europe, Asia-Pacific etc

For More Query about the SAP Application ServicesMarket Report? Get in touch with us at:

The study is a source of reliable data on: Market segments and sub-segments, Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological innovations Value chain and investor analysis.

Interpretative Tools in the Market: The report integrates the entirely examined and evaluated information of the prominent players and their position in the market by methods for various descriptive tools. The methodical tools including SWOT analysis, Porter’s five forces analysis, and investment return examination were used while breaking down the development of the key players performing in the market.

Key Growths in the Market: This section of the report incorporates the essential enhancements of the marker that contains assertions, coordinated efforts, R&D, new item dispatch, joint ventures, and associations of leading participants working in the market.

Key Points in the Market: The key features of this SAP Application Services market report includes production, production rate, revenue, price, cost, market share, capacity, capacity utilization rate, import/export, supply/demand, and gross margin. Key market dynamics plus market segments and sub-segments are covered.

Basic Questions Answered

*who are the key market players in the SAP Application Services Market?
*Which are the major regions for dissimilar trades that are expected to eyewitness astonishing growth for the
*What are the regional growth trends and the leading revenue-generating regions for the SAP Application Services Market?
*What are the major Product Type of SAP Application Services?
*What are the major applications of SAP Application Services?
*Which SAP Application Services technologies will top the market in next 5 years?

Examine Detailed Index of full Research Study [email protected]

Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers

Buy the Full Research report of Global SAP Application Services [email protected]

Thanks for practicing this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.

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Mon, 11 Jul 2022 20:45:00 -0500 Newsmantraa en-US text/html
Killexams : Microsoft issues $25 price hike for certification exams

If you're planning to take any Microsoft certification exams, now is the time to act because Microsoft will raise the price for each exam by $25 beginning July 1.

Prices vary by country, but Microsoft's price lookup tool reveals a current exam price in the United States of $125, and a price after July 1 of $150. There are lower prices for current students at high schools and colleges: $60 now and $83 after July 1.

WORTH IT? Microsoft certifications won't boost your pay much

The new price affects exams for nine types of certifications: Microsoft Certified Technology Specialist; Certified IT Professional: Certified Professional Developer; Certified Desktop Support Technician; Certified Systems Administrator; Certified Systems Engineer; Certified Application Developer; Certified Solution Developer; and Certified Database Administrator.

If you're planning to get certified in multiple Microsoft technologies, the price could add up quickly. For example, there are dozens of certifications that fall under the category of Microsoft Certified Technology Specialists (MCTS), and in some cases multiple certifications for the same piece of software. There are three MCTS certs for Windows Server 2008, and another for Windows Server virtualization.

But not all certification exams will get more expensive. Microsoft said it "does not anticipate" raising the price for the Microsoft Certified Master, Certified Architect, Technology Associate, or Office Specialist exams.

Copyright © 2011 IDG Communications, Inc.

Thu, 30 Jun 2022 11:59:00 -0500 Jon Brodkin en text/html
Killexams : HC grant Bail to CA in case of alleged negligence in stock audit & Fraud

Since the ex-promoters/directors and similarly situated chartered accountants have been granted bail, there is no reason why the Applicant should be treated any differently.


M/s Bhushan Steel Limited (BSL) is a company under investigation on account of allegations of siphoning off by its promoters.

The allegation against the applicant is that he being a Chartered Accountant and one of the partners at ASRN & Associates [the firm appointed as stock auditors by the consortium of banks led by Punjab National Bank (PNB) for FY 2015-16 failed to perform his duty independently and diligently by not verifying the stock in transit, and he is accused to be in collusion with the office bearers of M/s Bhushan Steel Limited.

It is stated that he is involved in providing and using wrong information to calculate the Drawing Power figures wrongly based on the figures given by M/s Bhushan Steel Limited.

A complaint dated 01.07.2019 was filed under Section 439(2) read with Section 436(1)(a),(d) and (2) read with Section 212(15) of the Companies Act, 2013 read with Section 621(1) of the Companies Act, 2013, read with Section 193 of the Code of Criminal Procedure, 1973 by the respondent, Serious Fraud Investigation Office (SFIO). The respondent also relies upon Investigation Report dated 27.06.2019 filed with the Ministry of Corporate Affairs.

Based on the conclusions in the Investigation Report and allegations contained in the complaint, the learned Special Court was pleased to summon the applicant u/s. 36(c) read with Section 447 of the Companies Act, 2013 vide summoning orders dated 16.08.2019.

The applicant filed his bail application and sought to be supplied with the complete Charge Sheet in accordance with his rights u/s. 207/208 Cr.PC.


A bare perusal of the above answer shows that the Punjab National Bank (PNB) did not lay much emphasis to the audit report given by the applicant. Even if I see the audit report, the audit report shows that the applicant had raised serious issues, and no loan should have been advanced based on the asset classification and Position of Accounts in the stock audit report.

I am of the view that since the ex-promoters/directors and similarly situated chartered accountants have been granted bail, there is no reason why the Applicant should be treated any differently.


1. This is an application filed seeking grant of regular bail to the applicant (accused No. 200 in Complaint Case No. 770/2019 titled as “Serious Fraud Investigation Office vs. Bhushan Steel Limited and Others”.

2. The applicant is a senior citizen and Chartered Accountant (C.A.) by profession with private practice.

3. The facts in brief are:

3.1 M/s Bhushan Steel Limited (hereinafter “BSL”) is a company under investigation on account of allegations of siphoning off by its promoters.

3.2 In brief, the allegation against the applicant is that he being a Chartered Accountant and one of the partners at ASRN & Associates [the firm appointed as stock auditors by the consortium of banks led by Punjab National Bank (hereinafter “PNB”) for Financial Year 2015-16] failed to perform his duty independently and diligently by not verifying the stock in transit, and he is accused to be in collusion with the office bearers of M/s Bhushan Steel Limited.

3.3 It is stated that he is involved in providing and using wrong information to calculate the Drawing Power figures wrongly based on the figures given by M/s Bhushan Steel Limited.

3.4 A complaint dated 01.07.2019 was filed under Section 439(2) read with Section 436(1)(a),(d) and (2) read with Section 212(15) of the Companies Act, 2013 read with Section 621(1) of the Companies Act, 2013, read with Section 193 of the Code of Criminal Procedure, 1973 by the respondent, Serious Fraud Investigation Office (SFIO). The respondent also relies upon Investigation Report dated 27.06.2019 filed with the Ministry of Corporate Affairs.

3.5 As per the complaint, the allegations against the petitioner are as under:-

32. On account of inter alia, the deprivation of finances to A-01Bhushan Steel Ltd., the financial position of Company deteriorated. However, despite this, the financial statements of A­01 Bhushan Steel Ltd indicated increasing figures against Stock-in- Transit (“SIT”), both in absolute terms and as a percentage of turnover, especially in the financial years F.Y 2013 14, 2014-15 and 2015-16. The “SIT” is shown at Rs. 3823.48 Cr., Rs. 5093.46 Cr. and Rs. 6523.20 Cr. respectively. Investigation established that figures shown under “SIT” used to be inflated by making false entries in the books of accounts maintained in SAP and Foxpro Legacy. With these manipulated figures A-01 Bhushan Steel Ltd during the F.Y 2013-14 to 2015-16 was able to avail Drawing Power (“DP”) against cash credit facility. This conspiracy of availing “DP” by filing inflated figures was hatched by A-158 Brij Bhushan Singal, A- 159 Neeraj Singal, A­160 Nittin Johari, A- 179 Pankaj Tewari. A- 161 Pankaj Kumar Agarwal, A- 190 Pankaj Mahajan and A-200 Sunil Bhatia, stock auditors and A- 186 R.K Mehra and A- 188 M.P. Mehrotra, statutory auditors. At all material time they were aware that the amount shown under SIT in inflated in the books of accounts.

71. Further, as detailed above, A-158 Brij Bhushan Singal A 159 Neeraj Singal, the ex-promoters of BSL, along with A-160 Nitin Johari, ex- Whole Time Director and Chief Financial officer (CFO) of BSL in active connivance with employees of A-1 BSL, namely, A-181 Vivek Mittal, A- 180 Saurabh Mittal, A-179 Pankaj Tewari, A-184 Rajat Jain, A-183 Sunil Agarwal and A­185 Rajesh Sharma have filed various false, deceptive statements and misleading information to various banks, to avail/ continue to avail working capital limits from 2013-14 till 2015-16. All the aforesaid accused persons, at all material time, were well aware about the financial position of A-01, BSL and non-existent stocks but nevertheless, induced the banks to sanction total Drawing Power (DP) against Fund Bank Working Capital limits of Rs. 5389 crore, 5606 crore and 5527 crore against which it had cash credit outstanding of Rs. 5761 crore, Rs. 7094 crore and Rs. 9768 crore respectively. This was secured inter alia against the non-existent Raw Material (Stock in-Transit) which caused wrongful loss to lenders.

72. The Stock Auditors A-199 Pankaj Mahajan, CA and A-200 Sunil Bhatia, CA appointed by the Banks also colluded with the above-mentioned accused and did not discharge their duties diligently.

73. A-158 Brij Bhushan Singal, A-159 Neeraj Singal, A-160 Nitin Johri, A-161 Pankaj Kumar Aggarwal, A-179 Pankaj Tewari, A-183 Sunil Agarwal, A-184 Rajat Jain, A-185 Rajesh Sharma, A-181 Vivek Mittal, A-180 Saurabh Mittal of BSL, alongwith A-186 R.K. Mehra, CA of Mehra Goel & Co., connived in making false, misleading statements relating to Stock-in-Transit for the credit facilities availed from bankers during the period covering F.Y. 2013-14 to 2015-16.

74. Thus A-1 BSL, A-158 Brij Bhushan Singal, A-159 Neeraj Singal, A-160 Nittin Johari, A-181 Vivek Mittal, A-180 Saruabh Mittal, A-179 Pankaj Tewari, A-183 Sunil Aggarwal, A-184 Rajat Jain, A-185 Rajesh Sharma, A-190 Pankaj Mahajan, A-200 Sunil Bhatia, A-186 R.K. Mehra, A-161 Pankaj Kumar Aggarwal are liable for fraudulent inducement of creditors as laid down in Section 36 (c) of Companies Act 2013 and are liable to be punished u/s 447 of the Companies Act, 2013.

3.6 The Investigation Report records as under:-


4.12 Based on the statement and the Stock Audit report, the following observations are made on the report submitted by M/S ASRN & Associates, Chartered Accountants:

> The movement of stocks for intervening period was not taken by the auditor.

> The auditor confirmed that due to pressure from the Bank to conclude the Stock Audit, certain norms for verifying the stock positions was not taken care by them.

> The Stocks at Jawaharlal Nehru Port, Mumbai could not be Checked due to strike. The company could not provide the full details of supporting documents regarding ownership of the stock i.e., like invoices and bill of entry. M/s ASRN & Associates Checked the stock on test check basis and hence they had relied upon the stock position given by the management.

> The stock in transit was also Checked as per the information/ data provided by the Management of BSL. However, certain bills/invoices were Checked as the auditors were not provided with supporting documents to the extent of stocks lying in transit i.e. Rs 5389.58 Crore. The stock auditors were told by the management and the bank to cover the DP therefore, the stock positions shown in the stock in transit is actually not correct.

> The physical stock in transit could not be Checked as the company could not provide supporting documents such as invoices and bill of entries etc. for claiming the same.

> The goods received under LC were devolved to the extent of Rs. 3,676.61 and the amount was paid by the bank, hence, it is not paid stock and it should have been excluded for the purpose of arriving DP. The banks and the management had expressed their concern if this devolved liability excluded for the purpose of DP, the DP should have gone down to the extent above. Hence, the same was taken for DP purpose.

> In view of the above facts the Stock Auditors M/s ASRN & Associates have failed to discharge their legitimate duties to prepare the audit report impartially and against norms of Audit Principles and ignore the serious irregularities in the stock audit report. Hence, he is responsible for the lapses.

5.1.14. Investigation revealed that the Stock Auditors, Sunil Bhatia, a partner of firm of M/s ASRN & Associates conducted the stock audit on behalf of PNB for the period of “BSL” as on 30.09.2016. The auditors failed to verify the supporting documents of “SIT” which “BSL” had shown at Rs.5389.58 crore (refer para 4.4 (Table No. 4.7) of factual matrix) specifically keeping in view the nature of account of “BSL” which was classified as “Non-Performing Asset since 1.10.2014/Doubtful”.

5.1.15. Thus, both the Stock Auditors, failed to perform their duties independently and diligently by not verifying the stock in transit, and thereby colluded with the officers of “BSL” in providing and using the wrong information to calculate the DP figures wrongly based on the figures given by “BSL” management. The Stock Auditors also got influenced and did not perform their assigned duty diligently and professionally.”

3.7 Based on the conclusions in the Investigation Report and allegations contained in the complaint, the learned Special Court was pleased to summon the applicant under Section 36(c) read with Section 447 of the Companies Act, 2013vide summoning orders dated 16.08.2019.

3.8 The applicant filed his bail application and sought to be supplied with the complete Charge Sheet in accordance with his rights under Section 207/208 Cr.PC.

3.9 It is submitted that the Charge Sheet is approximately of 60,000 pages, and in February 2022, the learned Special Court directed the applicant to conduct physical inspection of the voluminous record every Thursday from 12 Noon to 4 PM till 31.05.2022.

3.10 The inspection was conducted by applicant’s counsel on numerous dates, and on numerous occasions, the inspection could not be conducted as officers of SFIO were not present.

3.11 On 08.04.2022, the learned Special Court directed as under:-

“I am fixing two dates of hearing i.e. 01.06.2022 and 04.07.2022 for arguments on the bail applications. I note that on 01.06.2022 first arguments shall be advanced on the applications under Section 207 Cr.PC pending qua any of these accused persons and thereafter arguments on the bail application shall be heard.

I further note that if arguments on the bail application are not concluded on the said, the remaining accused persons shall argue their bail applications on 04.07.2022.

Now list this matter on 01.06.2022 for arguments on the pending applications qua A-190 to A-203.”

3.12 On 01.06.2022, the applicant went to attend the Court proceedings, but the learned Special Judge was pleased to hear the arguments on bail application and dismissed the same and took the applicant in judicial custody.

4. This Court on 06.06.2022 was pleased to direct issuance of notice, and on 13.06.2022, this Court directed the matter to be listed on 24.06.2022.

5. The Hon’ble Supreme Court on 17.06.2022 directed this Court to hear and decide the bail application filed by the petitioner on 24.06.2022.

6. Accordingly, and as per the directions of the Hon’ble Supreme Court, I have heard Mr. P.V. Kapur, learned senior counsel for the applicant and Mr. Ripu Daman Bhardwaj, learned CGSC appearing for the respondent.

7. Mr. Kapur, learned senior counsel for the applicant submits that at the outset, the complaint against the petitioner is not maintainable.

7.1 He submits that as per the complaint, the main allegation is that the promoters of BSL, along with some other accused persons, filed various false deceptive statements and misleading information to various banks to avail and continue to avail working capital limits from 2013-14 till 2015-16.It is further alleged that the applicant‟s firm was appointed by the bank, Punjab National Bank, and they colluded with the BSL and did not discharge their duties diligently. The issue under investigation in the case of M/s Bhushan Steel Limited was1.9 xv – “Role of Stock auditor who conduct audit of BSL in the F.Y. 2014-15 & 2015-16.”.

7.2 He submits that a bare perusal of the appointment letter dated 29.10.2016 shows that the applicant was appointed as a Stock Auditor for conducting stock audit for the year 2016-17. The terms of appointment were as under:-

(Appointment Letter dt. 29.10.2016)

Large Corporate Branch,
Tolstoy House, New Delhi-110001
Email:[email protected]
Ph:91-11-23752604, 23311654

LCB/Stock Audit

M/s ASRN & Associates
Chartered Accountants
608, Padma Towers
Rajindra Place New Delhi

Dear Sir,

Reg. Stock Audit as at 31.10.2016

We have pleasure to appoint you as Stock Auditor of M/s Bhushan Steels Ltd. (Shri Pankaj Tiwan) Phone No. 8588870836) for conducting stock audit for the year 2016-17.

The Proforma of Stock Audit Report along with Checklist/ Scope of Stock Audit and Terms of Reference is enclosed. The audit may be completed within 2 weeks and report be submitted immediately after completion of audit but in no case later than two weeks of completion of audit Irregularities observed during the stock audit may be discussed with the Relationship Manager at our branch. In case of major deficiencies, if any, in the stock/ receivables, the same be informed to our office by fax. The Stock audit should be conducted was reference to the stock as at 31.10.2016.

The fees including travelling boarding, lodging and other miscellaneous expenses will be payable as per bank guidelines with the consent of the barrower.

If you are willing to accept this offer, kindly submit your acceptance letter immediately i.e. within 5 days of the receipt of this letter by fax/courier. If no acceptance is received within 10 days from the date of this letter, it will be presumed that you are not interested in the offer and the arrangement will, therefore, be automatically cancelled.

It may please be noted that this offer is one time offer and no further work should be undertaken by you without our express permission.

Please call on the concerned RMs/ SRMs before starting the stock audit to discuss details.

We solicit your cooperation in conducting the stock audit in an effective manner.

Thanking you,
Yours sincerely,
Asstt. General Manager

Copy to M/s Bhushan Steels Ltd., Bhushan Centre, Ground Floor, Hyatt Regency Complex, Bhikaiji Cama Place, New Delhi) for information please. Kindly provide full cooperation to the stock auditors in their task.

Asstt. General Manager

7.3 The appointment letter clearly shows that the applicant was not an Auditor of M/s Bhushan Steel Limited during the period under investigation i.e. Financial Year 2013-14 to 2015-16. The counsel has relied on the judgment of the High Court of Delhi, Gaurav Kumar v. Serious Fraud Investigation Office [MANU/DE/4412/2019] to show that the applicant cannot be held liable for acts done during a period which did not concern them.

7.4 The Stock Audit Report dated 15.02.2017 by ASRN & Associates was for the period dated 1st April 2016 to 31st October 2016 and had no relevance whatsoever to the FY 2013-14 to FY 2015-16 which is the period under investigation in the complaint.

7.5 As regards to the allegation that no physical verification of the stock has been done by the Auditor, the Ld. Senior counsel submits that as per the “Implementation Guide to Standard on Audit (SA) 530 Audit Sampling” issued by the Institute of Chartered Accountants of India, the auditor is not expected or required to carry out physical verification of each and every transaction having regard to the fact that the volume and spread of transactions in modern businesses are incredibly enormous. In such cases, it is recommended by the Institute that only “test check” be carried out.

7.6 Additionally, the Stock Audit Report by the applicant‟s firm, discloses the Asset Classification of BSL as “Non Performing Asset since 01.10.2014/Doubtful.

8. In opposition to the grant of bail, Mr. Ripu Daman Bhardwaj, the Ld. CGSC has submitted the following arguments.

8.1 The period of stock audit of BSL was as on 30.09.2016. The visits of the stock auditor to company plants commenced from Dec. 2016 onwards and the last visit was on 15.02.2017 and report was submitted on 15.02.2017. Hence, there is a gap of more than 3 months from the date of his commencement, and he has not taken stock statement of December 2016 and reconciled the stocks backward. The movement of stocks for intervening period was not taken into account.

8.2 The applicant did not do any physical stock verification and relied upon the stock position given by BSL.

8.3 The stock auditor did not check the records to substantiate claim of consumption of such huge quantity of coal, and they also failed to check the bills of stock in transit of Rs. 5,389.58 Crore during stock audit assigned. Further, it is odd that the company would have huge quantities of coal and other stocks appearing in stock in transit amounting to Rs. 5389.58 Crore during the month of September 2016 alone, specifically when company was in financial crunch.

8.4 The counsel has relied upon the judgment of Satender Kumar Antil v. Central Bureau of Investigation & Anr. [(2021) 10 SCC 773] and Serious Fraud Investigation Office v. Nittin Johari &Anr. [(2019) 9 SCC 165]to state that the rigours of 212(6) of the Company Act, 2013have to be met and economic offences are a crime of grave and serious nature which should also be considered.


9. I have heard the learned senior counsel, Mr. P.V. Kapur for the Petitioner and the Ld. CGSC, Mr. Ripu Daman Bhardwaj for the Respondent and gone through their submissions and documents.

10. At the outset, for grant of bail, the twin conditions under section 212(6) of the Companies Act, 2013 have to be met:-


(6) Notwithstanding anything contained in the Code of Criminal Procedure, 1973 (2 of 1974), [offence covered under section 447] of this Act shall be cognizable and no person accused of any offense under those sections shall be released on bail or on his own bond unless-

i. the Public Prosecutor has been given an opportunity to oppose the application for such release; and

ii. where the Public Prosecutor opposed the application, the court is satisfied that there are reasonable grounds for believing that he is not guilty of such offense and that he is not likely to commit any offence while on bail:

11. I think this a case where the applicant needs to be enlarged on bail for the following reasons:

11.1 The Applicant was appointed as a stock auditor vide appointment letter dated 29.10.2016 for conducting stock audit of BSL for the year 2016 2017. As per the Stock Audit Report dated 15.02.2017 by the applicant firm it pertained to the period 01.04.2016 to 31.10.2016. Hence, the stock audit report did not pertain to the period under investigation. The observations of Gaurav Kumar (supra) are relevant and read as under:

48. The contention raised on behalf of the petitioner that the assignment was received by the applicant in February-March, 2016 and that the applicant could thus not be liable for the statutory record which was filed in the year 2008-09 to 2014-15 available on the MCA website cannot be overlooked in as much as the role attributed against the applicant by the SFIO commenced only from February-March, 2016….”

11.2 This was the first appointment of the applicant and he was not an auditor of BSL prior to the said date. Mr. Rajan Malhotra, who was the relationship manager at PNB, states:

Q. no. 11 In reference to your answer to question no. 10, please state since you was relationship manager, why you had accepted the stock audit report. Whether you consider the verification of stock auditor from other entity.

Ans: It is correct that company was under financial stress and no further exposure was extended, so not much emphasis was given to this audit report. Further, I would like to submit stock audit report was shared with all the lenders and the same has not been closed.

A bare perusal of the above answer shows that the Punjab National Bank (PNB) did not lay much emphasis to the audit report given by the applicant. Even if I see the audit report, the audit report shows that the applicant had raised serious issues, and no loan should have been advanced based on the asset classification and Position of Accounts in the stock audit report. The asset classification of the report reads as under:-

“ASRN & Associates
Chartered Accountants

608 Padma Tower-I
Rajendra Place
New Delhi-110008

(Stock Audit Report dt. 15.02.2017)

STOCK AUDIT REPORT: Bhushan Steel Limited

Stock Audit Report dt. 15.02.2017

ASRN & Associates have also shown the irregularities in the Position of Account:


11.3 Additionally, the main stakeholders of both the companyi.e. BSL and the Bank i.e. PNB have been enlarged on bail/interim bail:

a. Interim relief granted till pendency of proceedings to ex-promoter/director of the company, Neeraj Singal by the Hon‟ble Supreme Court on 04.09.2018 in SLP (Crl.) No. 7241 of 2018.

b. On grounds of parity, co-accused, Nittin Johari, ex-promoter of BSLin the same case was granted bail in the matter, Vijay Madanlal Chaudhary &Ors. v. Union of India &Ors. dated 18.08.2021[MANU/SCOR/25854/2021].

c. Additionally, the same summoning order dated 16.08.2019 has been quashed by a coordinate bench of this court against Dr. Rajesh Kumar Yaduvanshi, who was a Nominee Director appointed PNB on the board of BSL.[ Rajesh Kumar Yaduvanshi v. SFIO, CRL. REV.P. No. 1308 of 2019 vide order dated 21.09.2020].

d. Co-accused, Mr. Pankaj Mahajan who is also a practicing Chartered Accountant at the firm, M/s. A.C. Gupta & Associates is also admitted on bail by a coordinate bench of this court in BAIL APPLN No. 1813 of 2022 titled Pankaj Mahajan v. SFIO dated 29.06.2022.

e. A coordinate bench of this court also enlarged Rupesh Purwar, co-accused no. 203 on bail. He was signatory to the Financial Statements of the company for the FY 2013-14 and 2014-15 in his capacity as the Company Secretary, which he had signed for the purpose of regulatory filing of the Company. [Rupesh Purwar v. SFIO, CRL. M.C. No. 2878 of 2022 dated 29.06.2022]

11.4 I am of the view that since the ex-promoters/directors and similarly situated chartered accountants have been granted bail, there is no reason why the Applicant should be treated any differently.

12. The judgment relied upon by Mr. Kapur, learned senior counsel for the applicant on Jainam Rathod vs. State of Haryana and Ors. [SLP (Crl No. 1554/2022, Order dated 18.04.2022) ]also helps the petitioner as it has been held:-

8 In this backdrop, in the absence of a fair likelihood of the trial being completed within a reasonable period, this Court must be mindful of the need to protect the personal liberty of the accused in the face of a delay in the conclusion of the trial. We are inclined to grant bail on the above ground having regard to the fact that the appellant has been in custody since 28 August 2019. In Nittin Johari (supra), this Court has held:

“24. At this juncture, it must be noted that even as per Section 212(7) of the Companies Act, the limitation under Section 212(6) with respect to grant of bail is in addition to those already provided in CrPC. Thus, it is necessary to advert to the principles governing the grant of bail under Section 439 of CrPC. Specifically, heed must be paid to the stringent view taken by this Court towards grant of bail with respect of economic offences.”

While the provisions of Section 212(6) of the Companies Act 2013 must be borne in mind, equally, it is necessary to protect the constitutional right to an expeditious trial in a situation where a large number of accused implicated in a criminal trial would necessarily result in a delay in its conclusion. The role of the appellant must be distinguished from the role of the main accused.‟

13. The summoning order was issued on 16.08.2019 and the Applicant had not been arrested till 01.06.2022 without there being any protection in favour of the Applicant. There is also no reason shown for seeking judicial custody of the Applicant.

14. As regards the legal embargo of Section 212(6), I am of the view that Sub-section-(i) has duly been complied with, as the Public Prosecutor (Ld. CGSC) has been given a chance to oppose the bail application. I am prima facie of the view that the Applicant is not guilty of the offence of which he is charged with, and therefore, I am also of the opinion, that he is not likely to commit any further offence while on bail. Hence, sub-section (ii) of Section 212(6) is also complied with, notwithstanding the observations of Jainam Rathod(supra).

15. In view of my analysis above, I do not find merit in the contentions and submissions of the learned CGSC.

16. The application is allowed. The Applicant, Mr. Sunil Bhatia (accused no. 200) in complaint case no. 770/2019 is enlarged on bail subject to the following conditions:

i. The applicant shall furnish a personal bond with two local sureties in the sum of Rs. 25,000/- each, to the satisfaction of the Trial Court;

ii. He shall appear before the Court as and when directed;

iii. In case he changes his address, he will inform the IO concerned and this Court also;

17. The application stands disposed of in the aforesaid terms.

18. Since regular bail has been granted, the application for interim bail in CRL. M. (BAIL) – 737/2022 is now infructuous.

Sat, 16 Jul 2022 15:40:00 -0500 en text/html
Killexams : Super Absorbent Resin Market Size 2022 by Growth Opportunities, Driving Factors, Manufacturers, Types, Applications, Revenue and Forecast to 2028

The MarketWatch News Department was not involved in the creation of this content.

Jul 12, 2022 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry."

Global "Super Absorbent Resin Market" 2022 report examines the market development drivers and difficulties that are overcome by manufactures according to new trends, market size, share, growth. The Super Absorbent Resin Market contains segmentation data of other regions in regional level and county level. Furthermore, the report also provides the detailed information about the segmentations, geographical regions, product introduction, restraints, value, volume, market facts and figures and accurate development. The report gives a detailed assessment of the market by featuring data on various viewpoints which incorporate drivers, restrictions, potential open doors, and dangers. This data can assist partners with pursuing fitting choices prior to effective financial planning.

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Market Analysis and Insights: Global Super Absorbent Resin Market

This report focuses on global and United States Super Absorbent Resin market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Super Absorbent Resin market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 with a CAGR during the review period. Fully considering the economic change by this health crisis, by Type, Starch-based SAP accounting of the Super Absorbent Resin global market in 2021, is projected to value USD million by 2028, growing at a revised CAGR in the post-COVID-19 period. While by Application, Baby Diaper was the leading segment, accounting for over percent market share in 2021, and altered to CAGR throughout this forecast period.
In United States the Super Absorbent Resin market size is expected to grow from USD million in 2021 to USD million by 2028, at a CAGR during the forecast period.

The major players covered in the Super Absorbent Resin market report are:

● Nippon Shokubhai ● Evonik Industries ● Sumitomo Seika ● BASF ● Sanyo Chemical ● LG Chemicals ● Danson Technology ● Quanzhou BLD Science Technology ● Formosa Plastics Corporation ● Shandong Nuoer Bio-Tech ● Zhejiang Satellite Petro-chemical ● Boya Shuzhi ● Weilong Polymer Material ● Songwon Industrial ● Demi

Get a trial Copy of the Super Absorbent Resin Market Report 2022

Global Super Absorbent Resin Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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Global Super Absorbent Resin Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. By Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

● Starch-based SAP ● Cellulose-based SAP ● Acrylic Resin SAP ● Others

Segment by Application

● Baby Diaper ● Adult Nappies ● Feminine Hygiene ● Others

Super Absorbent Resin Market Key Points:

● Characterize, portray and Forecast Super Absorbent Resin item market by product type, application, manufactures and geographical regions. ● deliver venture outside climate investigation. ● deliver systems to organization to manage the effect of COVID-19. ● deliver market dynamic examination, including market driving variables, market improvement requirements. ● deliver market passage system examination to new players or players who are prepared to enter the market, including market section definition, client investigation, conveyance model, item informing and situating, and cost procedure investigation. ● Stay aware of worldwide market drifts and deliver examination of the effect of the COVID-19 scourge on significant locales of the world. ● Break down the market chances of partners and furnish market pioneers with subtleties of the cutthroat scene.

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Geographical Segmentation:

Geographically, this report is segmented into several key regions, with sales, revenue, market share, and Super Absorbent Resin market growth rate in these regions, from 2015 to 2028, covering

● North America (United States, Canada and Mexico) ● Europe (Germany, UK, France, Italy, Russia and Turkey etc.) ● Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia, and Vietnam) ● South America (Brazil etc.) ● Middle East and Africa (Egypt and GCC Countries)

Some of the key questions answered in this report:

● Who are the worldwide key Players of the Super Absorbent Resin Industry? ● How the opposition goes in what was in store connected with Super Absorbent Resin? ● Which is the most driving country in the Super Absorbent Resin industry? ● What are the Super Absorbent Resin market valuable open doors and dangers looked by the manufactures in the worldwide Super Absorbent Resin Industry? ● Which application/end-client or item type might look for gradual development possibilities? What is the portion of the overall industry of each kind and application? ● What centered approach and imperatives are holding the Super Absorbent Resin market? ● What are the various deals, promoting, and dissemination diverts in the worldwide business? ● What are the key market patterns influencing the development of the Super Absorbent Resin market? ● Financial effect on the Super Absorbent Resin business and improvement pattern of the Super Absorbent Resin business?

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Detailed TOC of Global Super Absorbent Resin Market Research Report 2022

1 Super Absorbent Resin Market Overview

1.1 Product Overview and Scope of Super Absorbent Resin

1.2 Super Absorbent Resin Segment by Type

1.2.1 Global Super Absorbent Resin Market Size Growth Rate Analysis by Type 2022 VS 2028

1.2.2 Type 1

1.2.3 Type 2

1.3 Super Absorbent Resin Segment by Application

1.3.1 Global Super Absorbent Resin Consumption Comparison by Application: 2022 VS 2028

1.3.2 Application 1

1.3.3 Application 2

1.4 Global Market Growth Prospects

1.4.1 Global Super Absorbent Resin Revenue Estimates and Forecasts (2017-2028)

1.4.2 Global Super Absorbent Resin Production Estimates and Forecasts (2017-2028)

1.5 Global Market Size by Region

1.5.1 Global Super Absorbent Resin Market Size Estimates and Forecasts by Region: 2017 VS 2021 VS 2028

1.5.2 North America Super Absorbent Resin Estimates and Forecasts (2017-2028)

1.5.3 Europe Super Absorbent Resin Estimates and Forecasts (2017-2028)

1.5.4 China Super Absorbent Resin Estimates and Forecasts (2017-2028)

1.5.5 Japan Super Absorbent Resin Estimates and Forecasts (2017-2028)

1.5.6 South Korea Super Absorbent Resin Estimates and Forecasts (2017-2028)

2 Market Competition by Manufacturers

2.1 Global Super Absorbent Resin Production Market Share by Manufacturers (2017-2022)

2.2 Global Super Absorbent Resin Revenue Market Share by Manufacturers (2017-2022)

2.3 Super Absorbent Resin Market Share by Company Type (Tier 1, Tier 2 and Tier 3)

2.4 Global Super Absorbent Resin Average Price by Manufacturers (2017-2022)

2.5 Manufacturers Super Absorbent Resin Production Sites, Area Served, Product Types

2.6 Super Absorbent Resin Market Competitive Situation and Trends

2.6.1 Super Absorbent Resin Market Concentration Rate

2.6.2 Global 5 and 10 Largest Super Absorbent Resin Players Market Share by Revenue

2.6.3 Mergers and Acquisitions, Expansion

3 Production by Region

3.1 Global Production of Super Absorbent Resin Market Share by Region (2017-2022)

3.2 Global Super Absorbent Resin Revenue Market Share by Region (2017-2022)

3.3 Global Super Absorbent Resin Production, Revenue, Price and Gross Margin (2017-2022)

3.4 North America Super Absorbent Resin Production

3.4.1 North America Super Absorbent Resin Production Growth Rate (2017-2022)

3.4.2 North America Super Absorbent Resin Production, Revenue, Price and Gross Margin (2017-2022)

3.5 Europe Super Absorbent Resin Production

3.5.1 Europe Super Absorbent Resin Production Growth Rate (2017-2022)

3.5.2 Europe Super Absorbent Resin Production, Revenue, Price and Gross Margin (2017-2022)

3.6 China Super Absorbent Resin Production

3.6.1 China Super Absorbent Resin Production Growth Rate (2017-2022)

3.6.2 China Super Absorbent Resin Production, Revenue, Price and Gross Margin (2017-2022)

3.7 Japan Super Absorbent Resin Production

3.7.1 Japan Super Absorbent Resin Production Growth Rate (2017-2022)

3.7.2 Japan Super Absorbent Resin Production, Revenue, Price and Gross Margin (2017-2022)

3.8 South Korea Super Absorbent Resin Production

3.8.1 South Korea Super Absorbent Resin Production Growth Rate (2017-2022)

3.8.2 South Korea Super Absorbent Resin Production, Revenue, Price and Gross Margin (2017-2022)

Get a trial Copy of the Super Absorbent Resin market Report 2022

4 Global Super Absorbent Resin Consumption by Region

4.1 Global Super Absorbent Resin Consumption by Region

4.1.1 Global Super Absorbent Resin Consumption by Region

4.1.2 Global Super Absorbent Resin Consumption Market Share by Region

4.2 North America

4.2.1 North America Super Absorbent Resin Consumption by Country

4.2.2 United States

4.2.3 Canada

4.3 Europe

4.3.1 Europe Super Absorbent Resin Consumption by Country

4.3.2 Germany

4.3.3 France

4.3.4 U.K.

4.3.5 Italy

4.3.6 Russia

4.4 Asia Pacific

4.4.1 Asia Pacific Super Absorbent Resin Consumption by Region

4.4.2 China

4.4.3 Japan

4.4.4 South Korea

4.4.5 China Taiwan

4.4.6 Southeast Asia

4.4.7 India

4.4.8 Australia

4.5 Latin America

4.5.1 Latin America Super Absorbent Resin Consumption by Country

4.5.2 Mexico

4.5.3 Brazil

5 Segment by Type

5.1 Global Super Absorbent Resin Production Market Share by Type (2017-2022)

5.2 Global Super Absorbent Resin Revenue Market Share by Type (2017-2022)

5.3 Global Super Absorbent Resin Price by Type (2017-2022)

6 Segment by Application

6.1 Global Super Absorbent Resin Production Market Share by Application (2017-2022)

6.2 Global Super Absorbent Resin Revenue Market Share by Application (2017-2022)

6.3 Global Super Absorbent Resin Price by Application (2017-2022)

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Mon, 11 Jul 2022 19:29:00 -0500 en-US text/html
Killexams : Copado Expands Robotic Testing Solution for SAP and ServiceNow

Enterprise customers can now deliver integrated digital customer experiences with continuous quality across business-critical applications and processes

CHICAGO, June 14, 2022 /PRNewswire/ -- Copado, the global leader in low-code DevOps, today announced it has expanded Copado Robotic Testing to fully support continuous testing across SAP and ServiceNow platforms. Today, customer experiences often start with CRM applications like Salesforce then spread across multiple back-office platforms like SAP and ServiceNow to fulfill customer shipping, inventory, billing and supply chain requirements. Copado now supports end-to-end testing across multiple cloud platforms to ensure quality digital experiences.

Copado, the leading DevOps platform enabling the world’s largest digital transformations in the cloud (PRNewsfoto/Copado)

Customer experience is the number one priority for CEOs and CIOs and companies aren't building their customer experience on just one platform. It's an integrated process across several applications and systems. Research shows that companies now use an average of 976 applications and integrated digital experiences can span across 10 or more SaaS application platforms. These integrations are a major challenge for low-code development teams as they must develop and operate across multiple platforms. Copado's fully multi-cloud solution delivers continuous quality across integrated digital experiences with the ability to test across any web application, including mobile apps.

Testing is critical to successful digital transformation projects, as release quality is a leading driver of risk and cost within the software development life cycle. Historically, each SaaS application must be tested individually but the rise of integrated processes creates additional cost and complexity including more skilled professionals and cross-platform dependencies and sophisticated architectures that must be maintained and tested every time anything is updated or changed.

Copado Robotic Testing offers a modern, cloud-based architecture enabling quality assurance teams to test any end-to-end business process. Using a low-code approach coupled with pro-code extensibility, Copado Robotic Testing is employed by users with any skillset to create and execute automated tests with minimal training. Non-technical users can easily create tests via the Visual Recorder or Flow Editor, reducing test maintenance. Intelligent AI-powered self-healing adds resilience as test environments often change. Copado Robotic Testing can be integrated with the most popular development and management tools on the market to maximize the software delivery lifecycle.

"After working with thousands of enterprise customers, we saw our customers struggling with manual testing, test maintenance and the difficulty of using legacy solutions overall," said Esko Hannula, Vice President of Testing Products at Copado. "That's why we built Copado Robotic Testing in the cloud, with AI technology, and native integration with Copado CI/CD. Not only are we doubling down on test automation for SAP and ServiceNow, but we are also evolving Copado's QA and testing product portfolio with important capabilities around test management, reporting, analytics, documentation and learning features."

SAP remains mission-critical for more than 400,000 organizations around the globe, of which around 20% are large enterprises going through major transformation events and migrations from legacy ERP systems. S/4HANA transformation programs are multi-year initiatives, and by definition introduce considerable risks as they require consistent documentation, training and testing. Copado Robotic Testing for SAP provides an end-to-end solution to enable customers to accelerate the delivery of SAP programs with minimized risk and less effort.

Based on Copado's acquisition of Qualibrate, an internationally recognized and trusted SAP Silver Partner with over 13 years of expertise, Copado Robotic Testing now includes all of the no-code capabilities of Qualibrate in its SAP offering. Copado Robotic Testing for SAP provides enterprise customers a single synchronized 3-in-1 source for automating business process documentation, testing, and training materials.

ServiceNow is a growing ecosystem that over 7,400 global customers have invested in to accelerate digital transformation projects by delivering customer, employee and technology experiences through digital workflows. With the demand to keep up with custom deployments and platform upgrades, testing still remains the bottleneck to not only test the customizations of ServiceNow, but all the integrations and applications that are included in an integrated ServiceNow digital experience. Copado Robotic Testing provides customers a low-code approach to testing these business-critical, end-to-end digital experiences.

"The low-code approach enables users to onboard quickly and then use it in their daily test creation," said Jan Toebak, application delivery manager for Nouryon. "You have the ability to reduce all of the recorded transactions so that you can build your own consolidated end-to-end process. It brings a really big benefit in terms of keeping your system stabilized. In the end, you have fewer disruptions for the business."

Copado Robotic Testing for SAP and ServiceNow is available immediately.

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About Copado

Copado is the leading DevOps and testing solution for low-code SaaS platforms that run the world's largest digital transformations. Backed by Insight Partners, Salesforce Ventures and SoftBank Vision Fund, Copado accelerates multi-cloud, enterprise deployments by automating the end-to-end software delivery process to maximize customers' return on their cloud investment. More than 1,000 companies rely on Copado to drive digital transformation with speed, quality and value including Boston Scientific, Coca-Cola, Fair Trade, Linde, MassMutual, Schneider Electric and Shell. Copado DevOps 360™ processes over 50 million DevOps transactions per month and is rated with a 100% score on the Salesforce AppExchange. More information can be found at:


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Tue, 14 Jun 2022 01:32:00 -0500 en-US text/html
Killexams : Policies & Eligibility

Verification is a federal process used to confirm the accuracy of the information provided on the FAFSA. If your FAFSA is selected for verification, additional information will be required to complete your financial aid file.

Students may be provided with a financial aid award before submitting all the required documentation to complete the verification process. Should the Checked financial information differ significantly from the original information provided on your FAFSA and/or CSS Profile forms, there may be a change in your financial aid eligibility.

Required Documentation

The documentation required for the verification process can vary. Students can confirm what information is needed by checking their online portal which will indicate the information needed to complete your financial aid file. Typically students selected for verification will have to submit the following documents:

  • Incoming Student Federal Verification Form or Undergraduate Financial Aid Application
  • Signed copies of federal/foreign tax returns or IRS Tax Return Transcripts for the student and parent. 
  • If the student or parent is not required to file a tax return, a non-filer statement is required along with copies of your W2 forms. The IRS Verification of Non-Filing letter is required from parents of dependent students who did not file a tax return as well as independent students (and spouse, if applicable) who did not file a tax return. Dependent students are not required to submit an IRS Verification of Non-Filing letter. 
  • Additional documentation may be required for some to verify:
    • Untaxed Income
    • High School Completion Status
    • Identity/Statement of Educational Purpose​

IRS Data Retrieval Tool

The IRS Data Retrieval Tool (IRS DRT) allows students and parents to electronically transfer their IRS tax return information into the FAFSA. The IRS DRT, if successfully matched, is one method used to complete the FAFSA Verification process.

We strongly encourage you to use the IRS Data Retrieval Tool during the initial filing of your FAFSA. Families must actively choose to utilize the IRS DRT by clicking "Link to IRS" on the FAFSA. If they choose to do so, they will be transferred to the Internal Revenue Service website. There, the FAFSA Central Processing System (CPS) will conduct a data match with the IRS. In order to enhance the security and privacy of personal data transferred into the FAFSA from the IRS, the IRS DRT will encrypt the student applicant and parent transferred tax data and hide it from view on both the IRS DRT website and on the FAFSA web pages. The words "Transferred from the IRS" will display in the data entry fields throughout the FAFSA form and on the Student Aid Report (SAR).


You and your parents are eligible to use the IRS Data Retrieval Tool if you:

  • Filed your federal tax return with the IRS
  • Have a valid social security number
  • Have a Federal Student Aid ID

You and your parents are not eligible to use the IRS Data Retrieval Tool if:

  • Your parents are married and filed as "Married Filing Separately"
  • Your parents are married and filed as "Head of Household"
  • You filed an amended tax return
  • You filed a foreign tax return
  • You filed a 1040NR tax return using a Tax Number (TIN)


Federal regulations (Sections 668.16(e).668.32(f) and 668.34) require that schools monitor the academic progress of each applicant for federal financial assistance and that the school certify that the applicant is making satisfactory academic progress toward earning his/her degree. This determination of progress must be made at least once a year and before the financial aid office disburses any federal aid funds for the subsequent semester. At Boston College, students are reviewed annually, at the end of each spring semester, for compliance with the Satisfactory Academic Progress requirements.

Students who are aware of learning or other disabilities should immediately contact the Disability Services Office so that appropriate accommodations can be made. A student with a documented disability and functional limitations is still held to the same academic expectations as other students. If the student is registered with the Disability Services Office and receiving appropriate accommodations, the student should be able to maintain satisfactory academic progress for financial aid eligibility purposes.

Pursuant to Federal regulations, the following constitutes Boston College’s Financial Aid policy on satisfactory academic progress for undergraduate students.

The Office of Student Services gives full financial aid consideration to United States citizens and eligible non-citizens. Eligible non-citizens are:

  • Permanent U.S. residents
  • Holder of an Arrival Departure Record (I-94) for anyone of the following designations:
    • Refugee
    • Asylum Granted
    • Parolee
    • Victim of Human Trafficking

Eligible non-citizens must provide documentation of permanent residency or citizenship status. Acceptable forms of documentation include:

  • Resident Alien Card (I-551)
  • Arrival/Departure Record (I-94) with a temporary I-551 stamp that has not expired
  • Conditional Permanent Resident Alien Card (I-551C)
  • T-Visa (T-1, T-2, T-3, etc)

Pending U.S. Permanent Residency Status

Prospective Students

  • Must document permanent residency by the admission deposit deadline. If you will not be able to document permanent residency status, you are not eligible for financial aid.
  • If granted permanent residency later in the academic year, you will be considered for financial aid at that time. Be sure to submit a complete financial aid application.

Continuing Students

  • Must document permanent residency with financial aid application.
  • If documentation comes in after the start of the academic year, you will be considered for financial aid at that time.

Students are eligible to receive financial aid if they live off campus. The Expected Family Contribution (EFC) remains the same for the academic year, and aid is adjusted according to the standard off-campus housing Cost of Attendance. The Cost of Attendance is based on a nine-month academic year, so the Summer months are the student's responsibility.

Living off campus impacts the awarding of financial aid in that the total Cost of Attendance is lower for a student living off campus. As a result, many students and families experience a decrease in the amount of financial aid awarded in the year the student spends off campus.

Based on extensive research performed by Residential Life and Enrollment Management on local cost of living, it is considered less expensive to live off campus than on campus. Living off campus impacts the awarding of financial aid in that the total cost of attendance is lower for a student living off campus. As a result, many students and families experience a decrease in the amount of financial aid awarded in the year the student spends off campus.

It is the student’s responsibility to find off-campus housing. This process usually takes place starting in February of each year. For more information, visit Students may apply for financial aid or alternative financing to help cover the costs of tuition, fees, and off-campus housing costs. 

All Boston College financial aid funds, as well as any federal or private loans are disbursed to your student account. When you live off campus, your student account is billed for only tuition and fees. All other costs (rent and food) are the responsibility of the student and the family. If your determined financial aid funding exceeds tuition and fees, a credit balance is created. You may use this credit balance to cover rent and food.

If you borrow funds to cover the expected family contribution, funds will be disbursed to the student account to cover any outstanding balance. Any credit balance may be refunded to you in the form of a refund check that you may request through My Services at These funds may be used for all costs associated with living off-campus.

Funds will not be available until the start of classes each semester and after all financial aid funds have been disbursed to the student account. There are no advances given to cover these costs, so you must make arrangements ahead of time.

Living Off Campus for 2022–2023

The approximate total cost for a student living off campus in 2022–2023 is $78,490. This figure consists of an average billed cost (without financial assistance) of $63,590 for tuition and fees. The remaining $14,900 is an allowance toward books, meals, transportation, and an estimated cost for room and board off-campus.

When looking for off-campus housing, it is important to take into consideration the average amount allowed for room/board within the 9-month academic year (September to May) budget. For the 2022–2023 academic year, the amount allowed for off-campus room and board is $11,750. This translates into approximately $1,305 per month for rent, groceries, and utilities. Keep in mind that if you sign a full-year 12-month lease, you are responsible for the costs of the apartment over the summer (June to August).

  • Students studying abroad can use financial aid for their study-abroad semester or year.
  • If you study abroad through a BC-sponsored program, you will be considered for all of the same need-based grants and loans you would be considered for if you were studying at BC.
  • If you study abroad through an external (non-BC) or affiliate program, you will be considered for need-based federal and state aid. Students studying through these programs are not eligible for BC grant funding.
  • If you are studying through an external or affiliate program, you will need to complete a Consortium Agreement.
  • To learn more, visit the Applying for Aid web page.

The information below applies to full-time study in a program that will count towards your undergraduate degree at Boston College. A student’s enrollment in a program of study abroad approved for credit by the home institution may be considered enrollment at the home institution for the purpose of applying for assistance under the Title IV, HEOA programs.

Can I receive financial aid when I am studying abroad?

Students studying abroad can use financial aid for their study abroad semester or year. Students interested in financial aid must complete the BC financial aid application process. Students applying for alternative loans only do not need to complete a financial aid application.

I have charges to pay to a school other than BC. Who processes my financial aid?

Your financial aid (grants, loans, and alternative loans) is processed by the school from which you are seeking your degree. Although you may have some charges payable to your study abroad institution, your aid, including alternative loans, will be processed through BC.

How is my financial aid affected by studying abroad?

If you study abroad through a BC-sponsored program, you will be considered for the need-based grants and loans you would be considered for if you were studying at BC. If your study abroad program costs less than a BC semester, your financial aid must be based on this lower cost and your award may be adjusted. If your study abroad program costs more than a BC semester, you are eligible for financial aid up to the level that you would receive if you were at BC for that semester; it is your responsibility to finance any additional cost. Information about alternative loans is available on our website at If you study abroad through an external (non-BC) or affiliate program, you will be considered for need-based federal and state aid. Students studying through these programs are not eligible for BC grant funding. Your work-study will be canceled for your study abroad semester(s), as work-study cannot be used while abroad.

When will my financial aid be adjusted?

Student Services receives monthly rosters of students studying abroad for the upcoming semester. Once we receive notice that you have completed your study abroad application with the Office of Global Education (OGE), your financial aid will be adjusted. If you have already received a financial aid award based on being at BC both semesters, your award will be revised when we receive this notification. Your award letter will note if your study abroad semester was factored in to your award.

My study abroad costs include expenses that aren’t charged by BC. Are these costs taken into consideration?

We realize that you have expenses associated with studying abroad that are not paid directly to BC. When calculating your study abroad cost, we include charges from BC, charges from your study abroad institution (such as tuition, housing, and meal plans), along with additional costs not paid to either institution (such as airfare, off-campus housing, books, and living expenses). Elective “field trips” are not considered for financial aid. If you study through a BC-sponsored program, we will use the total cost as determined by the Office of Global Education. If you participate in an external or affiliate program, your cost will be determined by the information we receive from your study abroad institution on the Consortium Agreement.

Do I need to complete a Consortium Agreement?

If you are studying through an external or affiliate program, you will need to complete a Consortium Agreement. This is required if you are receiving need-based aid, parent loans, or student alternative loans. Per federal regulation, BC cannot process your study abroad financial aid until we have a completed Consortium Agreement on file. A copy is available online at or in the Office of Student Services. The deadlines for this form are as follows: August 10 for fall and full-year study abroad and December 10 for spring study abroad.

A section of the Consortium Agreement must be completed by your study abroad institution, so please allow enough time for a representative at that school to complete the form and return it to BC before the deadline. Because BC cannot process aid without this agreement, late Consortium Agreements will cause a delay in the processing of your aid and any applicable refunds. 

When and how do I obtain the refund on my credit balance?

If your financial aid (grants, loans, and alternative loans) for your study abroad semester exceeds what you will be charged by BC, you will have a credit balance available to take as a refund. Please note that your aid will be applied to prior unpaid balances before allowing a refund. Refunds are available when the funds arrive at BC, no earlier than the second day of classes at BC. Generally, loan funds are available after the first few weeks of school if your application materials were completed on time. Some funds, such as Pell and state grants, can take longer to arrive. You can monitor your bill online through your Agora Portal at to see when these funds arrive at BC. Once the funds are applied to your account and BC classes have begun, you can request your refund online through your Agora Portal. 

My study abroad institution has deposits and bills that are due before my refund will be available. Can I receive an advance on these funds?

No. You cannot receive financial aid that has not arrived at BC yet. Application and room deposits must be paid out-of-pocket. If a bill from your study abroad institution is due before your refund will be available, it is your responsibility to work out a payment arrangement with the study abroad school. Some study abroad schools may extend payment deadlines if they know you are waiting for financial aid, but this is entirely up to the school’s discretion. If they are not willing to extend the deadline, you must pay them out-of-pocket and use your credit balance to reimburse yourself when it becomes available.

Resident Assistant (RA) benefits are given to all students who become an RA at Boston College. The benefit is the reimbursement of all room, board, and the Health Services fee charged to the RA in an academic year. The total amount given to an individual RA can vary based on the cost of the residence hall in which they reside.

How are the RA Benefits paid to me?

Each RA is charged room, board, and the Health Services fee on their student account. The exact amount charged is then placed on the system as financial aid for the RA. This “aid” is then credited against the charges on the student account. Most of these adjustments occur in late June of each year.

How will RA benefits affect my financial aid?

Federal regulations require that these benefits be counted as a resource to meet a student’s financial need. Therefore, the Office of Student Services must incorporate the RA benefits within the financial aid award. We try to do so in a way that will not penalize the student by meeting any unmet federal need and by replacing federal work-study. Depending on the individual’s financial aid award, some Boston College grant may be replaced, but the total overall package will not be reduced due to a student becoming an RA. It is our goal in the Office of Student Services to faithfully award financial aid to all of our RAs who demonstrate financial need. In doing so, we try to recognize the valuable contribution that RAs provide Boston College by striving to preserve the maximum grant funding allowable under federal rules.

Financial aid applications require students and parent(s) to provide two year's worth of income information. The purpose of this information is to calculate an expected family contribution (EFC). An EFC is calculated for both the Free Application for Federal Student Aid (FAFSA) and CSS Profile. The EFC is used to determine the financial need for a family using the following formula:

Cost of Attendance - Expected Family Contribution (EFC) = Financial Need

Families may request a secondary review of their financial aid package at any time due to a change in financial circumstances. Information presented in the appeal should be either new information or information that has changed significantly from the initial application materials. Special circumstances include the following:

  • Loss of income due to job termination, decrease in hours
  • One-time income (capital gain or distribution, etc.)
  • Death of parent and/or spouse
  • Major medical expenses not covered by insurance
  • Divorce or separation of parents
  • Catastrophic loss, such as damage or loss from a natural disaster 

Special Circumstances do not include the following:

  • Student or parent(s) who does not wish to borrow to cover educational expenses
  • Parent(s) refusal to contribute to educational expenses
  • Parent(s) payment of student loans for older sibling
  • Expenses such as credit card debt, wedding expenses, sports, enrichment activities, etc.

Initiating the Appeal Process

To begin the appeal process, the student should complete this brief survey that will determine if the situation qualifies for a formal appeal. If the appeal situation is something we can consider, the next step would be document collection.

Documentation Requirements 

Your assigned financial aid counselor will reach out to provide information on the status of any submitted appeal. If the appeal will be pursued, additional documentation will always be required. Types of documentation that may be needed include:

  • Copies of federal tax returns from 2021, 2020, and/or 2019 or other prior tax years
  • Unemployment benefits statement(s)
  • Copies of paystub(s)
  • Balance sheets
  • Death certificates
  • Bank statements
  • Medical bills

Once the required documentation has been provided, appeals are reviewed within 10–14 business days by a committee. Additional processing time may be needed if more information is required. At the conclusion of the appeal evaluations, students will be notified of the results.

Additional Considerations

Pursuing a financial aid appeal is a time intensive process. It requires the submission of additional documentation and does not certain an increase in financial aid. It is important to understand that even though you and your family may be experiencing financial hardships, it does not always create financial need. An appeal that does not result in additional assistance does not mean that our office is invalidating your circumstances; we are just limited with our ability to provide additional assistance.

Sun, 29 May 2022 00:14:00 -0500 en text/html
Killexams : Neptune Software adds AI-augmented no-code tooling to its SAP-friendly development platform
Helder Gonçalves, Neptune Software (@philww)

The rising tide of no-code tooling inevitably raises the hackles of IT professionals, threatening a deluge of unmanaged apps created with no professional oversight. But what if, instead of resisting it, they could embrace the movement to no-code? Demand for automation has never been higher and yet skills and resources are in short supply. No-code tools that work alongside, rather than in contention with, professional tooling offer a workable alternative, with the right governance. At its Impact conference in Oslo, Norway, this week, Neptune Software unveiled a new product designed to please professional coders while appealing to non-technical business process owners.

The new App Builder uses AI-augmented workflow to support anyone in creating an app either from scratch or from a library of customizable templates and components. One way to start an app is to sketch out a form or screen by hand and then import this image for automatic conversion into working fields and components that can be further edited. Other starting points are an existing dataset or an AI-augmented search of a library of templates based on apps others have created.

The vendor believes these shortcuts will appeal to professional developers too, and held a hackathon a day before the conference in which teams from customers and partners tried out the new capabilities. Having a tool that both pro- and no-coders can use will foster valuable collaboration as apps are created, as Matthias Steiner, Chief Product Officer at Neptune Software, explains:

We believe by bringing together the business people and developers in so-called fusion teams from the get-go, and allowing them to develop applications all the way from idea to sketch to prototype in record time, all without friction and waits, this is the way forward.

Customer experiences

The no-code tool is an add-on to the existing Neptune DXP product, and therefore connects to its extensive API Factory, with links into core SAP systems and other enterprise application stacks, while producing modern digital web and mobile apps. The Neptune platform is already popular with organizations that need to rapidly develop web-native apps that connect to SAP core systems.

As is customary at Neptune Software conferences, there were several presentations by customers talking about their experience of using its tools. These included Dussman, a provider of professional catering, facilities management and technical services based in Germany with 65,000 employees across 21 countries. With three months to go before going live with a new SAP HR system, its team built an employee portal on the Neptune platform with 23 different apps to provide digital alternatives to previous paper-based processes. Another speaker from cement maker Secil told its story of rolling out 17 apps since starting in March 2020 with a proof-of-concept for vacation scheduling and approval. The apps in use now cover processes as diverse as a customer portal, PO approval, vendor management, and even explosives tracking in its quarries, many of them replacing formerly paper-based processes that can now be done far more conveniently using mobile devices.

Such apps are typically developed by IT professionals working in close collaboration with business process owners. Neptune Software argues that App Builder will make it even easier for IT and business to collaborate on such projects, with business process owners able to build prototypes or try out modifications themselves. According to Helder Gonçalves, Chief Product Owner, who gave a demo of the new product:

The App Builder has as a goal the technical requirement of being able to bring everyone together — business people, IT people, collaboration. The goal is to enable anyone to build applications, but without shortfalls.

AI support for users

The no-code tool has been tested with non-technical business people, leading to small changes such as describing each page of an application as a screen, because whereas developers call this a page, business users think of it as a screen. Similarly, fragments of applications are not described as UI components, but are labeled based on their function, such as contact details, leave request, favorites settings, and so on.

AI is used extensively to help support users. When adding a new component, the AI brings up a dialog showing the most likely next step or the most common properties, based on analysis of what other users have done. All pages and functions created in the company account are automatically tagged with relevant keywords, so that they can easily be found by other users looking for template examples. This also reduces duplicated effort and helps to maintain consistency across different applications.

Since this all runs on the underlying Neptune platform, IT still has oversight of what's being created using the no-code tool, while all the APIs and permissions are managed by the professional coding team. Delivered as a cloud service, it allows IT to focus on app delivery, as Steiner explains:

Ultimately, you need a platform that allows you to focus on value-creating tasks and not having to reinvent the wheel, building tech stacks, setting up infrastructure or doing repetitive code.

My take

Speaking later in the day, Redmonk analyst and developer advocate James Governor described himself as "the low-code skeptic at a low-code conference.” All these tools are all very well, he noted, but "someone has to clean up after the puppy." That's true, but there's no holding back the tide of low-code and no-code. Embedding no-code tooling into the same environment that an enterprise's professional developers are using looks like the best solution to this conundrum, provided that the right processes are put in place to ensure that pro-coders and no-coders are working in alignment rather than at cross-purposes.

My preferred term for this kind of collaboration is co-code, one that Neptune Software has also begun to adopt. There's no need to set up schisms between business people and IT when they can achieve far more by working in harmony. A platform like App Builder that can be delivered, managed and used by pro-coders but is designed to be ultra friendly for no-coding business process owners seems like a good vehicle for achieving this. Enterprise IT can put governance in place and manage the creation of the building-block components, while supporting business users as they make prototypes, test new functionality, or assemble their own automations.

There are, of course, many other vendors offering similar platforms, from Zoho Creator, which first led me to expand on the term co-coding, through to Salesforce, whose growing family of low-code tools first inspired me to coin the term a while back. Another important player is Microsoft, whose Power Automate workflow builder got a session of its own on the conference agenda later in the day, with a live demonstration of how to create apps to run in Microsoft Teams that use the Neptune API Factory to connect deeply into SAP back-end systems. This demo was not as persuasive as the vendor probably intended — my own takeaway was how much more complicated and confusing Power Automate is to use compared to Neptune's new no-code tool. It may be fine for enterprises that want to standardize on Teams as their app launchpad, but that's not the audience here.

Neptune Software has been particularly successful with customers seeking to automate all the manual processes based on paper forms and spreadsheets that were left behind when enterprises first automated their core transactions. Most enterprises are now discovering many other gaps and exceptions that have grown up around these older systems, or between them and the newer SaaS and digital solutions that have been introduced to opportunistically fill specific requirements. All of this is leading to more and more demand for automation, while the rise of API-based integration, cloud-based microservices and the extra assistance available by harnessing the power of AI make it cost-effective to create apps where none existed before. The combined effect of these trends, given the continuing shortage of IT resources, is that no-code tools are inevitably going to proliferate. The question for enterprise IT is not whether to roll out a no-code platform, but which one to choose.

Wed, 22 Jun 2022 12:00:00 -0500 BRAINSUM en text/html
Killexams : SAP's Colantuono promoted to SVP

SAP Asia Pacific Japan has promoted Angela Colantuono to the role of senior vice president and APJ head of SAP SuccessFactors Human Experience Management Suite.

Melbourne-based Colantuono's previous role was ANZ head of SAP SuccessFactors.

She joined SAP in 2017 after spending 16 years at Oracle, most recently as general manager of customer experience and CRM.

Colantuono holds a bachelor's degree in accounting from Monash University, and is a CPA and a graduate of the AICD company directors course.

"In this role, I will develop our regional go-to-market strategy, lead a world-class team, and make sure we're executing effectively across APJ for our customers," shew said.

"I'm passionate about helping customers navigate customer demand, disruptive competitors, and shifts in the market by building a vibrant and flexible workforce. HR leaders are being called to go beyond the traditional tools of HR and human capital management, and create work experiences that drive not only engagement and productivity, but also sustainability and profitability."

Aaron Green, Colantuono's predecessor, has taken on the global role of chief marketing and solutions officer for SAP SuccessFactors.


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It's all about Webinars.

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Tue, 05 Jul 2022 19:48:00 -0500 en-gb text/html
Killexams : Numinus Wellness Inc.'s (NUMIF) CEO Payton Nyquvest on Q3 2022 Results - Earnings Call Transcript

Numinus Wellness Inc. (OTCQX:NUMIF) Q3 2022 Earnings Conference Call July 14, 2022 5:30 PM ET

Company Participants

Jamie Kokoska - Vice President, Investor Relations

Payton Nyquvest - Founder and CEO

John Fong - Chief Financial Officer

Evan Wood - Chief Medical Officer

Conference Call Participants

Sepehr Manochehry - Eight Capital


Good afternoon, and welcome to Numinus Wellness Inc.’s Fiscal Third Quarter 2022 Results Conference Call. A question-and-answer session for analysts and institutional investors will follow the formal remarks. As a reminder, this call is being recorded.

I would now like to turn the conference call over to your host, Jamie Kokoska, Vice President, Investor Relations. Please proceed.

Jamie Kokoska

Thank you, Emma. Good afternoon, everyone. And thank you for joining us for our fiscal third quarter 2022 results conference call. Discussing Numinus’ performance today are Payton Nyquvest, Founder and CEO; and John Fong, Chief Financial Officer. Joining us for analysts’ questions at the end of our formal remarks is Evan Wood, Chief Medical Officer.

The following discussion may include forward-looking statements that are based on current expectations and are subject to a number of risks and uncertainties. The risks and uncertainties that could cause our genuine financial and operating results to differ significantly from our forward-looking statements are detailed in our MD&A for the quarter ended May 31, 2022 and in our other Canadian securities filings available on SEDAR.

Numinus does not undertake to update or revise any forward-looking statements to reflect new events or circumstances, except as required by law. Our third quarter results were made available earlier this afternoon. We encourage you to review our earnings release, MD&A and financial statements, which are available on our website, as well as on SEDAR. As a reminder, all figures discussed on today’s call are in Canadian dollars.

I’ll now turn the call over to Payton Nyquvest, Chief Executive Officer.

Payton Nyquvest

Thanks, Jamie, and good afternoon, everybody. Before I provide my comments, I’d like to extend the utmost gratitude that our work is conducted on the unceded homelands of the Musqueam, Squamish and Tsleil-Waututh Peoples and on the sovereign indigenous lands and territories across Turtle Island. We are committed to a path towards reconciliation through continuous learning, reciprocity and humility.

Overall, we were very pleased with our performance during the quarter. The highlight from our fiscal third quarter was the announcement of our acquisition of Novamind, the -- and the preparation and strategy around our significantly expanding platform and entry into the U.S. markets.

While this work was underway, our Canadian clinics and operations stayed focused on client needs and building our strong pipeline of business, which included obtaining approval for our first Special Access Programme approval through Health Canada for psilocybin-assisted psychotherapy.

While there was much activity focus on the completion of our acquisition of Novamind, the acquisition closed just after quarter-end on June 10th. As a result, our third quarter results do not include any contribution from Novamind operations, but as it has grown the scope of our operations so meaningfully, I’ll take a few moments to provide an update on that business integration.

We’re very pleased to see that our teams are already working well together. Thanks in part to the shared values and culture we recognize the Novamind team had with Numinus. Our clinical operations, product development, HR and marketing departments are now all working together with team members from both sides of the border, collaborating and sharing best practices.

Similarly we’ve taken the first major step in our company-wide rebranding initiative, with our new logo and brand now showcased across our websites, social media and clinic materials across Canada. The launch of this new, better aligned brand will help us grow as we strive for stronger brand recognition and continue to build our client base globally.

In the next several months, we will be implementing the new brand across our U.S. clinics and digital assets. And by the end of the year, we expect all our clinics and research operations with benefit from one cohesive brand, which will drive increased brand awareness and more effective marketing strategies.

Finally, I’m pleased to say that we continue to be happy with our business performance since the acquisition completed. There was minimal impact in the day-to-day operations at Novamind clinics and research facilities, and we made concerted effort to ensure our Canadian clinic teams remain focused on their client and growth strategies as we pursued U.S. expansion.

Our U.S. clinics continue to operate at near full capacity in June and our Canadian clinics continue to see growing interest for Ketamine services with a growing pipeline of clients who are currently being assessed for Ketamine-assisted therapy treatments.

On June 10th, in connection with the completion of the Novamind acquisition, we were also pleased to announce several key executive appointments. We welcomed Reid Robison, as Chief Clinical Officer of Numinus.

Reid was previously Chief Medical Officer of Novamind and now oversees all of our medical and health professionals. Reid also provides deep subject matter expertise in our clinical research efforts, clinical product development and practitioner training.

We also appointed Paul Thielking as Chief Science Officer of Numinus, a role that he previously held at Novamind. Paul now oversees all research and clinical study operations at Numinus, including Bioscience and Cedar Clinical Research.

And we were also pleased to announce that Michael Tan has been promoted to President and Chief Operating Officer. Michael has been instrumental in Numinus since growth to date. In his expanded role, he will now oversee all company operations and will lead strategic directives to drive revenue growth through future footprint and product line expansion.

Today, Numinus is extremely well positioned to continue our growth trajectory and expand across -- expand access to important mental health therapies across North America. We now operate 13 wellness clinics, four clinical research sites and one research laboratory.

We have ample cash on hand to execute our strategy with approximately two years of cash runway and we have built a scalable operating platform that will provide some operating leverage and efficiencies as we continue to drive growth.

But most importantly, today we’re on one of if not the highest revenue producing mental health care companies offering psychedelic-assisted therapies, with a forward-looking annual revenue run rate of more than $16 million. Based on the most recently reported pro forma quarters for Numinus and Novamind, we see a clear pathway to profitability and that is something that truly distinguishes Numinus from others in the space.

With profitability achieved in the near-term, our focus is squarely on making that happen and we believe we have the right tools and environment to achieve operational profitability within two years.

Specifically, we have significantly strengthened revenue streams and a growing number of client services and we see positive regulatory reforms underway both in Canada and the United States. Our strategy to accelerate our path to profitability also includes expanding higher margin services, increasing our business development activities and proactively managing our operating costs. This plan has also resulted in some strategic realignments to best leverage the opportunities we see for the company ahead. This has led us to make some important decisions about where we invest across our operations and the timing of certain projects.

First, following the acquisition of Novamind, it was clear to us that some intriguing growth opportunities have already been identified for locations in the United States, which we believe could generate a higher ROI than we expected to achieve at our previously announced second location in Vancouver, Canada. As a result, we have decided to postpone the second location in Vancouver and reallocate that capital to the United States based growth opportunities we are currently reviewing.

Second, we have realigned the strategy at Numinus Bioscience, our bioanalytical research lab to focus purely on proprietary research activities for the foreseeable future, using our third-party analytical testing services for now. This decision was made in part due to changing sector dynamics and sector consolidation, with fewer companies in our space currently looking for these kinds of services.

Our analytical testing capabilities remain available for our own proprietary research and for our on request projects. However, we have stopped business development activities for the services to reduce expenses. As a result, we do not expect Bioscience to be revenue generating in the near-term.

And finally, we have made the decision to postpone our Phase 1 and Phase 2 clinical studies for NBIO-01 and NBIO-03 due to the significant costs of carrying out these trials and there have been no clear regulatory pathway to monetize in the near-term.

We believe this was a prudent decision until the regulatory environment for unique compounds becomes more available -- more viable. We continue to believe in the merits of these formulations and see the value of their discovery. Once we see a clear path to regulatory approvals in Canada or the U.S., we’ll reevaluate launching these clinical studies occurred prior to the Novamind acquisition.

Overall, we were very pleased with our results. With 7.5% revenue growth from our clinic network compared to the previous quarter. Overall, the 23.8% gross margin during the quarter and $140 -- $174,000 of gross profit. The 7.5% growth in clinic, we are up 5.9% from the second quarter.

All our clinics experience meaningful growth in client appointments, the significant improvement seen at our Vancouver clinic, which has the most room for capacity growth. And contributions from Novamind will begin to be included in our next quarter’s performance, we expect client appointment figures will be -- will spike given the high volume of business that occurs across our new U.S. clinics.

To provide some context during our fiscal third quarter Novamind clinics completed more than 14,000 appointments, compared to the more than 5,600 that occurred at Numinus recruit existing clinics. So we’re excited by the significantly increase scale of our wellness clinics now operating within the Numinus network.

We’re also pleased that psychedelic-assisted therapies have been approved through Canada’s Special Access Program during the third quarter. In May, Health Canada approved our first psilocybin-assisted therapy client for treatment outside of clinical trial, which was one of the first approvals in Canada. We continue to work with clients seeking psilocybin or MDMA assisted therapies and referring physicians to navigate the Special Access application process.

Numinus is taking a thoughtful approach to these SAP processes, ensuring that clients -- ensuring that the clients we submit applications for are likely to receive approvals. This approach ensures our clients benefit from appropriate expectation and ensures Numinus remains in high standing with Canadian Health regulators as we continue to drive for further access.

As a reminder, our wellness clinics provide a wide range of mental healthcare services alongside psychedelic-assisted treatments and these include traditional therapy, group therapy, couples therapy and neurological care. Collectively, these services will continue to drive reliable revenue streams and cash flows across our clinic network, as we grow our psychedelic therapy offering in line with regulatory reform.

On the research side of our business, we continue to see opportunities for our unique proprietary processes and testing techniques, which will -- which we believe could have meaningful commercial value as regulatory changes in certain states in the United States continue to support and focus on natural psychedelic substances.

Just a few weeks ago, we filed a patent application to the World Intellectual Property Organization. This application is expected to provide additional patent protection around our proprietary rapid production process for Psilocybe and other fungi species containing psilocybin and other compounds and is additional to the provisional patent application we made to the U.S. Patent & Trademark Office last year.

As a reminder, this proprietary process significantly increases production of psilocybin and other fungi species for the use of psychedelic-assisted therapy, while reducing product variability, increasing production efficiency and ultimately reducing commercial costs.

Over the next several months, we’ll continue to refine our strategy for our research lab to ensure our activities are best aligned with the opportunities we see within the regulatory environment, changing sector dynamics and with a broader clinical research organization now, that Novamind Cedar Clinical Research Division has joined Numinus.

There’s substantial value in our Bioscience activity, licenses and talent, and we continue to see long-term opportunity for the division as regulatory environment becomes clear in Canada and the United States.

To know our Numinus Bioscience processes, one of the most, if not the most extensive licenses to work with psychedelics in Canada, as well as abroad, allowing our labs to process, produce, assemble, sell, export, deliver, test and research a wide variety of psychedelic substances including DMT, Ketamine, LSD, mescaline, MDMA, psilocin, psilocybin and Psilocybe fruiting body, ayahuasca and San Pedro. We think there may be many opportunities to better leverage this licensing in the years ahead.

And with that update on our strategy and operations, I’ll now turn the call over to John Fong to review our fiscal third quarter results in more detail.

John Fong

Thanks, Payton, and good afternoon, everybody. Our third quarter results demonstrated the strength of our growing wellness clinic network and the strategic realignment underway at Numinus Bioscience.

Total revenues for the quarter were $741,000 and with the result of an increase in revenue from our wellness clinics compared to last quarter, that was offset by the decline in revenue due to stopping revenue generating activities at Numinus Bioscience partway through the quarter. Overall, revenue was 5.7% lower than the prior quarter, but up 31.8% year-over-year.

Revenues from our wellness clinic network increased 7.5% from the prior quarter and 59.5% from the same quarter last year to $731,000. As Payton mentioned, most of this increase in revenue is attributed to a 5.9% increase in client appointments, but also an increase in the proportion of higher value services, including Ketamine-assisted therapies.

Gross profit for our clinic network grew to $174,000 during the third quarter, representing a 23.8% gross margin. As revenue generating activities were underway for part of the third quarter at Numinus Bioscience, the division recorded $10,000 of revenue. Going forward, we do not expect Numinus Bioscience to contribute to revenue in the near-term and will instead focus entirely on developing proprietary processes and patent that can be monetized in the long-term.

Overall, our company-wide gross margin was 24.4%, up from 6.5% in the last two quarters, due to a significantly higher proportion of revenues coming from the higher margin clinic network segment.

Corporate expenses grew alongside the expansion of our business, but also due to transaction related activities related to the acquisition of Novamind. In total, there were $6.6 million of corporate expenses, which included some additional travel or regulatory costs related to the acquisition and $56,000 of direct transaction costs during the quarter.

Overall net cash outflow during the quarter was $6.5 million, higher than normal due to cash expenses related to the acquisition of Novamind, but otherwise in line with our expectation of $1 million to $3 million per month. The loss for the quarter was $7 million or $0.03 per share.

In terms of liquidity we ended the quarter with a strong balance sheet and $41.8 million of cash in hand. With growing revenue streams offsetting some of our expenses, we continue to be well position financially to sustain our business model to pursue long-term strategy and SG&A operating profitability.

As the acquisition of Novamind completed on June 10th, our first quarter of combined results will be our fourth quarter results for the period ending August 31st. We look forward to sharing the performance of our significantly larger business while we announce our annual audited results in November and we’ll also look to provide an update on key operating metrics in September.

And with that overview of our financial results, I will turn the call back over to Peyton for some closing remarks. Payton?

Payton Nyquvest

Thanks, John. With the acquisition of Novamind now behind us and the integration of our businesses -- business operations well underway, we’ve been -- we’ve never been more excited about the future of our business. We continue to see opportunities to expand in key markets that we believe could drive strong ROI.

We are in the process of expanding many of our virtual therapy services into the United States, where Novamind has traditionally not offered these programs. Ketamine and psychedelic-assisted treatments being completed in our clinics in Canada continue to grow and we have ample cash runway to execute our strategy within the next two years, as we aim to become operationally profitable.

We’re also seeing positive momentum build within the regulatory space, both within Canada and the United States. With application -- with SAP application now being approved for psychedelic therapies in Canada, access to psilocybin-assisted therapies coming in Oregon and California potentially, and anticipated MDMA-assisted therapies reaching federal U.S. FDA approval in 2023, there’s a lot of opportunity ahead.

Despite this positive momentum within our business and in the regulatory environment, we continue to contend with challenging capital markets conditions. We like others in the sector and the market’s overall have been faced with market pressures.

I can assure you that what we’re doing, we --I can assure you we are doing everything we can to get our story heard and understood. But more than that we are laser focused on delivering results and believe the strategies we’ve recently undertaken have firmly positioned Numinus as a leader in the sector and accompany well positioned for continued growth. We are confident that as a real power -- as the real power of our growing mental health platform is demonstrated in our result, we will also see it reflected in the value of our stock.

And with that, I’d like to open the call to questions from analysts and institutional investors.

Question-and-Answer Session


Thank you. [Operator Instructions] Your first question comes from the line of Sepehr Manochehry from Eight Capital. Your line is now open.

Sepehr Manochehry

Hi, and thanks for taking my question. Congrats on the continued scaling of the business. Obviously, we’re kind enough to comment on the go-forward business a little bit. So I wanted to ask just whether in the U.S. or in Canada, are you guys looking to provide info around reimbursement success when it comes to proportion of revenues as being reimbursed to proportion that’s out of pocket. I know historically Novamind has provided that for U.S. operations. Is there metrics like that, that you’re looking at kind of going forward to put together in that September type update that you mentioned?

Payton Nyquvest

Yeah. Absolutely. And just to provide a little bit of color there as well. Novamind had done an exceptional job of having their services being reimbursed. And in particular, their Ketamine-assisted psychotherapy services, which, obviously, is new territory, and they’ve already brought on five different insurance providers to provide financial support, but do also offer a host of therapies that are fully reimbursable as well and we’ve certainly look to leverage that as we look to expand that business into other states as well, and obviously, up in Canada, really focusing and prioritizing reimbursable services as well. John, I don’t know if you want to maybe add anything to that?

John Fong

Yeah. I just want to add, if that’s -- if that information was previously disclosed with Novamind, that certainly that -- that’s certainly something that we can continue to provide.

Payton Nyquvest

Yeah. I think they last kind of updated it in 2021. Yeah, I imagine it’s something that can be periodically updated. Why don’t you…

John Fong


Payton Nyquvest

…maybe jurisdiction.

John Fong

Maybe just one thing to add to that as well as, being able to take those relationships and bring them up to Canada for reimbursement in particular around our Ketamine-assisted psychotherapy services. Obviously, being able to transition that north of the border helps us really grow and scale our Ketamine services in Canada as well and we do look to leverage that as a short-term opportunity also.

Sepehr Manochehry

And then in terms of cost of ayahuasca on virtual therapy and that being in the midst of a rollout in terms of kind of part of the integration, that’s one thing you’ve touched on. Is there certain metrics, you can point to whether, you already said, HR and marketing have been already been integrated at least. How far along in the integration process we are?

Payton Nyquvest

Sure. Yeah. Maybe just to quickly deliver people a little bit of a summary and an update. Novamind being primarily operating in Utah and Arizona, which were states during COVID really saw very short lockdowns before being able to go back to in-person, never really needed or were forced into looking at virtual opportunities and still had primary stayed with in-person services.

Obviously, that landscape was very different in Canada and our clinic network in Canada, at one point in time, was at almost 90% virtual. And during that period, we actually saw those services continued to increase and so Numinus had a really unique opportunity to develop and grow that virtual services platform and now being able to take that down into the U.S. where there are a lot of folks that, obviously, continue to be interested in in-person care, but being able to also offer that virtual platform really helps us grow and scale quite rapidly in the U.S., obviously, because of not meeting the physical infrastructure and that work is underway and should be already starting to be integrated now and we see that really picking up over the next couple of quarters.

Sepehr Manochehry

So do you think kind of that’s something that drives this quarter’s revenue for that combined business in terms of the period ending in August or is something that’s…

Payton Nyquvest

Yeah. I think you’ll start to see that growth or start to see that be represented in some of the growth. I would say this quarter, but in particular, probably, the following couple of quarters, as well as obviously this quarter has been busy with just integrating the two businesses from an operation standpoint.

Sepehr Manochehry

Got it. Got it. And then just the one on the regulation part you touched on some of the specific regulations in the U.S. that might be to your favor. In Canada, there’s been some updates in DC, wondering if since kind of last quarter, if you guys have gained some clarity as to whether you’d be able to be, for example, qualified in sector administration if there’s a decriminalization of, for example, psychedelic drugs, it doesn’t mean it doesn’t assess there and assessable in progress?

Payton Nyquvest

Yeah. I think, in British Columbia, to your point around some of those regulation changes, we’re still waiting for a little bit more clarity from Health Canada in regards to what that mean for psychedelic therapy services.

I would kind of bring it back to SAP as well, where we’ve spent the last couple of quarters really getting a deep understanding of what it is that Health Canada is looking for in regards to those SAP applications, and obviously, highlighted by our approval for psilocybin-assisted therapy, but also a really significant amount of legwork being done to start to get approvals for MDMA-assisted psychotherapy, which Health Canada has not approved yet.

But we feel very, very clear and confident on that process, and obviously, our collaboration with MAPS is a big initiator for that. And we do anticipate over this next quarter to potentially see some momentum in that direction, and obviously, highlighted by MAPS anticipating MDMA being legal and approved through the FDA process by this time next year.

And then, similarly with what we’re seeing in the United States, feels like every week there’s a new state that either decriminalizing or even taking a step further and moving towards legal approval. Oregon, obviously, out in front with the anticipating the change for natural psilocybin-assisted therapy in January of next year and states like California are really, really picking up steam, and probably, along a similar kind of trajectory. So you’re seeing a lot of broad spread change within the United States and Canada and we do anticipate within the next 12 months those services really starting to expand as well.

Sepehr Manochehry

Got it. And then just the last one, you mentioned for September, you may provide kind of KPIs that you look through, is that things like volumes and in terms of appointments or can you kind of characterize the sorts of things you guys are building into track, whether patient success measures or clinic flow or just kind of topline things like appointment volume?

Payton Nyquvest

Yeah. Primarily non-financial. Maybe I’ll let John and maybe Jamie answer that one.

John Fong

Sure. Definitely non-financial information, like you said, Sepehr, some information around clinic visits, the types of percentage of treatments on service with various service lines.

Sepehr Manochehry

Got it. Got it. And then…

John Fong

That’s the main things we’re looking at.

Sepehr Manochehry

Got it. Got it. Thanks so much for that detail. Really appreciate you taking my questions today. Congrats on continued growth.

John Fong

Thank you.

Payton Nyquvest

Sounds great. Thanks, Sepehr.


There are no further questions at this time. I would like to turn the call back to Payton Nyquvest.

Payton Nyquvest

Thank, Operator. And thanks everybody so much for joining us for our conference call today. I look forward to speaking with you in November when we will report our fiscal fourth quarter annual 2022 results.


This concludes today’s conference call. Thank you for attending. You may now disconnect.

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