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XCritical, A Young Robo

Leadership Lessons from Authorities in Business, Film, Sports and Tech. Authority Mag is devoted primarily to sharing interesting feature interviews of people who are authorities in their industry. We use interviews to draw out stories that are both empowering and actionable.

Financial information can be as detailed as users choose by linking accounts or estimating assets. As someone’s income changes, the progress towards their goals will too. Users can check the Silvur app at any time to see where they are with their goals and get useful savings and guidance to reach them. Silvur also automatically estimates Medicare costs and Social Security benefits to give a full, detailed picture of one’s retirement income and expenses. Morgan, Horgan set out to create XCritical, a retirement advisory platform that acknowledges Boomers’ digital literacy, 300-page doorstops be damned. Two years in, the 18-person, New York City-based startup has raised just over $11 million to help retirees manage their income and make sound financial decisions. Members can use XCritical’s online toolkit to calculate retirement budgets and compare options for insured fund management.

Benzinga is a financial news and analysis service providing stock market ideas for traders and investors. Most people think boomers aren’t familiar with technology. This demographic grew up learning how to use manuals, which is very different from swipe left, swipe right. XCritical provides retirees with consistent and predictable retirement income. The company is focused on approaching retirement holistically, considering both health and wealth when designing a successful retirement.

If you continue to use this site we will assume that you are happy with it. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.

With this new subscription service, retirees can access expert advice and guidance starting at less than a hundred dollars a year. For a portfolio with one million dollars, this financial expertise can add up to $61,000 in additional lifetime value over the course of retirement.

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Featured Startup: XCritical

We offer a discounted rate through Student Beans for students with a valid .edu email address. For only $35, you can get the leading source of business news, anytime & anywhere, for an entire year. Diversity forex is our best chance at doing things differently. My general counsel was former chief of staff to Citi’s general counsel. We’re very diverse from a gender, ethnicity and sexual-orientation standpoint.

XCritical Valuation & Funding

If the clients experience a sharp reduction of income, the service will make sure their Medicare premium shrinks accordingly. Factors like increased longevity, particularly for women who have longer life expectancy, along with a structural move away from pensions, has required individuals to more strategically manage their entire financial picture in retirement. Since our seed round last fall , we’ve been in close contact with a key group of fintech/ insurtech investors who really believe in our mission. They have supported us with intros to strategics and talent and were natural partners for this next stage of our business. I’ve done the same every time I’ve hired someone for a different role that I don’t have experience in. And now I have a whole network of other CEOs and experienced people to speak with and go to when I face a new challenge.

We’ve helped build retirement plans for over 20,000 individuals with $12B+ of retirement savings. The team hails from leading technology and financial services companies including Amazon, XO Group, Earnest, GitHub, XCritical, XCritical and JP Morgan. had been working at JP Morgan for 17 years when I started interacting with an emerging group of financial technology companies. What impressed me the most was their user experience — they made financial topics so much easier to understand than most of what I had seen on Wall Street.

Convincing people that our demographic—people in their 60s and 70s—actually engages with forex tech online. Most of our investors never backed a company targeting that demographic.

• They help customers to invest by providing them with a carefully designed portfolio and further provide them with insurance opportunities as well.
• I encourage my friends and customers to focus on the things they can control.
• These decisions include when to elect social security, what fees we pay on our investments, working part time in retirement and being tax efficient in how we withdraw funds in retirement.
• The company is backed by several investors including Anthemis, Point72, Clocktower, and their partners include Apex Clearing and American Equity.
• It’s tempting right now to become preoccupied with the markets, but there is little we as individual investors can do.
• What we can have more control over, however, are decisions we make in the run up to retirement, which will have a significant impact on our retirement security.

That couples spend an average of $280,000 in retirement on health care. There is no Competitors data available for this company. There is no Board of Directors data available for this company. There is no Investors data available for this company. We use cookies to ensure that we give you the best experience on our website.

Through XCritical’s straight forward digital advice, we make sense of your savings, insurance, social security and healthcare costs so that you can focus on enjoying your hard-earned retirement with confidence. We want you to always know where you stand, how much you have to spend and help you prepare for the unexpected. Our signature retirement paycheck puts you in the driver’s seat to retire fearlessly. Since most brands are obsessed with targeting millennials, baby boomers have been largely left out of this digital revolution, especially when it comes to personal finance. XCritical, afinancial service company, is focused on helping baby boomers embrace modern retirement. For many retirees, its the first time in their lives that they are not receiving a regular paycheck and financial decision making becomes more complex.

Having enough money to last a retirement that can last 30 years or more is certainly a challenge. ● Medicare Surcharge Concierge Service handles the filing of customers’ Medicare surcharge to decrease the amount of premium they pay each year if they experience a “Life Changing Event.” This could result in $1,500 or more per couple. ● Automated RMD Calculations highlights customers’ annual “Required Distributions” to avoid the 50% tax penalty starting at the age of 70 ½ years old from each retirement https://xcritical.pro/ account. ● Automated Withdrawal Recommendations help customers minimize taxes by analyzing their retirement accounts and spending needs and delivers recommendations on which account to make withdrawals from first. We are making smart retirement planning more accessible than ever, helping you or your loved ones retire fearlessly. This story is told by three dancers who interpret three sheep. What makes the show special is that all the audience is invited to be part of a big flock of sheep.

At the same time, I was helping my parents plan for and transition into retirement. I found myself buying a 300-page book on social security and realized that there xcritical official site was a huge gap in the market. There are 10,000 baby boomers retiring every day and no one was building consumer technology to help them retire fearlessly.

The Future Of Investing: Fintech 50 2020

The platform oversees their retirement portfolios for them and even sends them monthly “retirement paychecks.” Developer of retirement planning application designed to improve retirement score and financial security. The company’s application powers goal planning tools and investment recommendations to extend the retirement income and project lifetime income including social security and Medicare costs, enabling users to make an informed decision. In the early days of xcritical rezension, we thought about building a platform that was focused on supporting family caregivers who were making financial decisions for Mom and Dad.

Ceo Explains How His Company Dominates The Global Tea Business

XCritical customers can use this tool to create a monthly retirement paycheck, so that managing finances in retirement is as simple as when one was working. There are very few venture-based products being built for baby boomers. We spent a lot of time helping our investors understand how our customer engages with technology and the financial intricacies of the problem we are solving. While many Americans take a DIY approach to managing their finances throughout their careers, as they get closer to retirement the intersection of health, financial and insurance decisions make DIYing far more complex. Most of us also stop receiving a paycheck in retirement, which can suddenly make knowing something as simple as how much we have to spend difficult and complicated. Baby boomers require a holistic retirement solution to inform their decision-making. XCritical’s platform is uniquely positioned to guide customers through all of their retirement decisions by providing a full suite of services in one centralized location.

XCritical offers solutions that are highly customer-focused, providing straightforward digital advice and retirement tools to guide retirees during this confusing – and sometimes hectic – transition. XCritical is a new kind of retirement company that empowers Baby Boomers to retire fearlessly.

For XCritical to be the platform that navigates all the decisions you make in retirement. We’re starting with the paycheck but looking at where we can go deeper in health care, long-term care, home equity.

A lot of people’s equity is tied up in their home, so different solutions will be needed to monetize those goals. After helping her father grapple with the complexities of retirement planning, Rhian Horgan left her 17-year career at JPMorgan in 2016 to start XCritical, a retirement tech company. She raised $10 million in a Series A round last year before even launching the product, which debuted last month.

XCritical is building a new kind of financial services company to empower baby boomers to embrace modern retirement. Grounded in decades of experience leading financial and tech initiatives at major banks and startups, XCritical will provide straightforward digital advice and retirement tools to a rapidly growing population of retirees. We’re able to provide customers with a personalized roadmap, complete with actionable recommendations, through XCritical’s proprietary technology. XCritical is an financial technology company dedicated to helping baby boomers feel prepared moving into retirement. We provide smart, automated advice to personalize your retirement strategy so you can manage your savings with confidence.

And that was the beginning of Trading Platform, a financial technology company dedicated to helping baby boomers live their best retirement. XCritical is a new-kind of retirement company that empowers baby boomers to embrace modern retirement. Grounded in decades of experience leading financial and tech initiatives at major banks and start-ups, XCritical provides straightforward digital advice and retirement tools to a rapidly growing population of retirees. By making sense of savings, insurance, Social Security and healthcare costs, users can focus on enjoying a hard-earned retirement with confidence. XCritical is a new-kind of financial company that helps baby boomers embrace modern retirement.

Pivot Points Trading Indicator

To learn more about how they work, check out our Pivot Points lesson. These retracement calculation is based on the last day trading data as we follow the market open, high, low, close on every day.You can also calculate these pivot level on weekly basis. For weekly pivot you need to weekly high, low, and close prices. As you can see Tradeallcrypto Review in the chart, there are a number of resistance levels near our closing price on the day. Like any other indicator, there is no guarantee the price will stop on a dime and retreat. Standard pivot points are the most basic pivot points that day traders can calculate. That’s the average of high, low, and close from a previous period.

These are the levels that the price may react to during the day. The second support and resistance levels can also be used to identify potentially overbought and oversold situations. A move above the second resistance level would show strength, but it would also indicate an overbought situation that could give way to a pullback. Similarly, a move below the second support would show weakness, but would also suggest a short-term oversold condition that could give way to a bounce. Likewise, the smaller the trading range, the lower the distance between levels will be the following day. Pivots points can be calculated for various timeframes in some charting software programs that allow you to customize the indicator.

Accumulation Distribution Indicator (adi)

When Al is not working on Tradingsim, he can be found spending time with family and friends. The pivot points are levels on the chart which are attained from previous day data and concern only the current day. As we discussed above, the indicator gives seven separate trading levels. This is definitely enough to take a day trader through the trading session.

For instance, the price of gold may cross through its pivot during a major uptrend, but slow as it reaches the first resistance level. It may hold or it may be breached, both outcomes of which send different signals to traders. Pivot points and Fibonacci retracements or extensions both draw horizontal lines to mark potential support and resistance areas. The Fibonacci indicator is useful because it can be drawn between any two significant price points, such as a high and a low. If it is Wednesday morning, use the high, low, and close from Tuesday to create the pivot point levels for the Wednesday trading day. In contrast, the stock exchange has a clearly defined closing time and so the closing price is easily determined.

Whichever time zone you choose, know that pivot points can be backtested by going through previous price data. It is important to ensure that price is sensitive to these levels in the market you’re trading. At this point, it should seem fairly straightforward that pivot points are used as prospective turning points in the market. Taking trades at these levels in the direction of the expected reversal is a very common technical strategy.

The pivot point is the balance between bullish and bearish forces. When prices are above the pivot point, the stock market is considered bullish. If prices fell below the pivot point, the market is considered bearish. This calculation helped them notice important levels throughout the trading day.

More Ways To Use Trading Station

Online pivot points calculator to find pivot points for forex and trading commodities and bonds. It can be calculated for any investment security that has a high, low and close price in any time period. After determining the pivot point for a day, traders can use this information to help them choose where to enter the market with a binary option. Pivot points are often marked as a horizontal line on a candlestick chart, depicting where there is likely to be a shift in the market. This can be used with binary options, as you are then able to make a prediction that whichever asset you have selected to trade will or will not reach this level.

• After getting the pivot levels, the trader can concentrate on figuring out their approach to the market for the day.
• Let’s take a closer look at what pivot points are, how they’re calculated, and how you can use them.
• The platforms automatically calculate support and resistance levels, so the trader doesn’t have to do it manually.
• The pivot points come as a technical analysis indicator calculated using a financial instrument’s high, low, and close value.
• The pivot point indicator is an easy to use tool that’s been incorporated in most trading platforms.
• Pivot Points are significant support and resistance levels that can be used to determine potential trades.

Support and resistance levels are used in conjunction with pivot points. They define levels at which the price of an asset is expected to have difficulty crossing.

Common Mistakes When Trading With Pivot Points

They make strong levels of support and resistance because many traders, as well as financial institutions and banks, use them. However, like any other indicator, Pivot Points do not guarantee https://traderoom.info/ 100% accuracy and sometimes might not work at all. But as explained earlier, it is good to have them on your charts even if your trading system is not based on Pivot Points.

The other six price levels – three support levels and three resistance levels – all use the value of the pivot point as part of their calculations. The classic calculation for the pivot point is pathetically simple. It’s the average of the high, low, and close for the previous day.

Cci Indicator

However, with the forex market, there are no open and closing times during the week for the market as a whole. You must, therefore, choose which particular trading session you wish to use for the closing price. The initial computation for Fibonacci levels is very similar to the Standard Pivot Point by using H+L+C / 3.

The pivot point indicator is one of the most accurate trading tools. The reason for this is that the indicator is used by many day traders. This will allow you to trade with the overall flow of the market. The best timeframes for the pivot point indicator are 1-minute, 2-minute, 5-minute, and 15-minute. Therefore, the indicator is among the preferred tools for day traders. Since the pivot points data is from a single trading day, the indicator could only be applied to short time frames.

In the old days, this was a secret trading strategy that floor traders used to day trade the market for quick profits. Additionally, you need to make sure that forex you have enough time to enter whichever binary option you choose. If you enter too late, it could mean the difference between being profitable or not.

This means that the largest price movement is expected to occur at this price. The other support and resistance levels are less influential, but they may still generate significant price movements. Pivot points are still extensively used today and they are very useful in determining entry and exit points. Three resistance levels and three support levels are calculated based on this point.

What Is A Pivot Point?

That said, there are plenty of online pivot point calculators you can use to crunch the numbers for you. Or, you can create a simple spreadsheet into which you plug the previous day’s data to generate the current day’s price levels. With pivot points, traders can watch for certain price levels to be reached as indicators of where prices are headed. In other words, the pivots lead the market, and are thus easier to leverage.

XCritical® Leverages U S. Success To Accelerate International Growth

This is one of the fastest deployments we’ve ever done for a Fortune 50 company. Products offered by XCritical are typically private placements that are sold only to qualified clients of XCritical through transactions that are exempt from registration under the Securities Act of 1933 pursuant to Rule 506 of Regulation D promulgated thereunder (“Private Placements”). An investment in any product issued pursuant to a Private Placement, such as the funds described, entails a high degree of risk and no assurance can be given that any alternative investment fund’s investment objectives will be achieved or that investors will receive a return of their capital. Further, such investments are not subject to the same levels of regulatory scrutiny as publicly listed investments, and as a result, investors may have access to significantly less information than they can access with respect to publicly listed investments. Prospective investors should also note that investments in the products described involve long lock- ups and do not provide investors with liquidity. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities.

Pacific Oak Capital Markets Group Expands Sales Team

Customers can easily find and engage with minority-owned businesses on our platform and leverage the power of community intelligence to make selections that form last thing business relationships. You’ll recall that the letter O in Coupa doesn’t just represents our open technical architecture, it also represents our openness to everyone with inclusion as the guiding light.

XCritical’s mission is to power the world’s alternative investment marketplace. Its financial technology platform has transformed the way alternative investments are bought, sold and managed through the development of tech-based solutions for advisors, their high-net-worth client base, wealth management firms, asset managers, and banks. The firm’s flagship platform offers advisors and their clients access to a curated menu of private equity, private credit, hedge funds, and other alternative investments at lower minimums with a full suite of due diligence, administrative support and reporting in a secure digital environment. Wealth management firms use iCapital’s turnkey technology solutions to provide clients with quality funds, simplified operational process and an improved investor experience. Asset managers and banks leverage XCritical’s tech-enabled services to streamline and scale their private investments operational infrastructure. iCapital was recognized in the 2018, 2019, and 2020 Forbes FinTech 50 which highlights the top 50 innovative financial technology companies that are transforming finance through technology. As of October 1, 2020, XCritical has 301 employees and services approximately $65bn in global client assets for more than 125,000 underlying accounts.

Younger Advisors See Technology As The Key To Competitiveness

An industry veteran, Mr. Bizzozero has more than 25 years of international experience in the financial industry and an impressive list of accomplishments in senior executive positions in global wealth management and private equity organizations. Mr. Bizzozero joins iCapital from UniCredit where he was CEO of Group Wealth Management and member of the Group Executive Management Committee. Previously, Mr. Bizzozero was with Deutsche Bank for 14 years, where he most xcritical cheating recently served as Head of Wealth Management EMEA and CEO of Deutsche Bank Switzerland. Prior to assuming that role, he was the Global Head of Private Equity for the Deutsche Bank Wealth Management division, a business which was then acquired by XCritical in 2017. He also worked at LGT Capital Partners as Head of Private Equity Secondary Investments and UBS in a variety of roles in Investment Banking and Private Equity in Zurich, London, and New York.

Partnership

As of November 2012, the latest SEC filings reveal that Wells Fargo has divested 33% of its dispositive holdings of GEO’s stock, which reduces Wells Fargo’s holdings to 4.98% of Geo Group’s common stock. By reducing its holdings to less than 5%, Wells Fargo will no longer be required to disclose some financial dealings with GEO. Immediately after the end of Q3, we announced our acquisition of LLamasof an AI powered supply chain design and planning software company.

The new office in Lisbon will become iCapital’s global hub for technology development and operations. Furthermore, iCapital will open offices in London and Singapore in 1H2021 to support its recent international senior hires and growing footprint in the European and Asian regions. The iCapital platform is built to support a global investor base and the market’s increasing requirements of privacy for client data in a secure digital environment across various currencies, regulatory environments, and languages. The platform is designed to provide an end-to-end solution supporting the lifecycle of allocations into alternative investments, including supporting investment structures and solutions tailored specifically for the international markets. “iCapital’s latest international investments demonstrate our commitment to bringing the opportunities of private investments to international advisors and investors and fulfilling our mission of powering the global alternative investing ecosystem,” said Lawrence Calcano, Chairman and CEO of XCritical. “As appetite for private market investing continues to grow, our expanding team will deliver these strategies – powered by a robust technical infrastructure – to advisors and their clients across the globe.” Pershing provides broker-dealers and registered investment advisors with a suite of global financial business solutions, including alternative investments via Pershing’s Alternative Investment Network.

According to Charlie Scharf, the chief executive of the firm, “our third-quarter results reflect the impact of aggressive monetary and fiscal stimulus on the US economy. Strong mortgage banking fees, higher equity markets, and declining sequential charge-offs positively impacted our results, while historically low interest rates.” They provide greater visibility to business spending https://xcritical.expert/ within an organization. Before getting into the Q4 outlook, I’d like to once again reiterate that the BSI data is not necessarily indicative of the trends we’re seeing in our own Coupa business. Coupa Q4 BSI indicates that business spend sentiment is continuing to recover from a sharp drop in Q1 as companies grow increasingly more comfortable operating in the new normal.

So the value here is really in the data model, the IP, and the people. And the delivery model and topology for that will be mitigated over time, will be merged over time into a 100% cloud-based environment.

Ashley joins as managing director and chief people officer and was previously the global human resources leader for CBRE, the world’s largest commercial real estate services and investment firm. In her almost 15-year career there, Ashley held various leadership positions in human resources, marketing, and sales and strategy. Kushner, who joined iCapital as managing director and chief financial officer, is responsible for the financial reporting, budgeting, capital and shareholder management, treasury, controllers, and tax functions. Prior to joining iCapital, he was with JPMorgan Chase & Co. for nearly 19 years, where he served in multiple senior finance and risk management positions, most recently as the chief financial officer for risk management and finance. Kushner was also with Credit Suisse for three years, his final position being chief financial officer for the Global Investment Bank. A startup hailing from far-flung Iceland is emerging as one of the key players in the race to distribute one of the key Coronavirus vaccines around the world.

XCritical, an online platform that provides access to alternative investments, has added four senior executives including Michael Kushner as chief financial officer, Jennifer Ashley as chief people officer, Diane Frankenfield as chief marketing officer, and Stephen Jacobs as general counsel. “We are delighted to welcome Marco and Tom to help lead the charge on building our global alternative investments marketplace,” said Mr. Calcano.

When you choose LPL as your partner, you’re working with a firm that puts advisors first. Find out how partnering with LPL gives you everything you need, and more importantly, the support you deserve. Clients of LPL financial professionals — access your account 24/7 from any device, anytime, and anywhere, and get real-time clarity into your portfolios, positions, transactions, statements, and more with Account View. Today on December xcritical scam 8, 2020 initial members of Free TON blockchain announced the launch of more than 400 independent validators on December 22, 2020, making Free TON one the most truly distributed blockchains launched to date. The Internet was born free and decentralized, then big corporations and big states took charge of it, now it’s time to return it to users and its decentralized origins, as Bitcoin once did in the financial industry.

Depending on the fund, affiliates of XCritical act as the general partner, managing member, investment advisor and/or the commodity pool operator of the fund. iCapital and Artivest have long shared a common mission of providing advisors and their high-net-worth investors access to a broad array of quality investments and bringing ease and efficiency to the investment process. PJT Partners LP acted as financial advisor and placement agent with respect to the transaction. As an important part of this capital raise, BlackRock, a long-standing strategic partner of iCapital, will take a significant minority stake in the independent company. Established by Ping An Group, the Ping An Global Voyager Fund is a Hong Kong-based investor in growth stage fintech and healthtech companies. I have made Bitcoin transactions that took around 24 hours to confirm .

Prison Industry Investment

In 2015, the company was ranked the 22nd most admired company in the world, and the 7th most respected company in the world. As of December 2018, the company had a Standard & Poors credit rating of A−. However, for a brief period in 2007, the company was the only AAA-rated bank, reflecting CRM the highest credit rating from two firms. Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco, California, operational headquarters in Manhattan, and managerial offices throughout the United States and overseas.

Banking, Commercial Real Estate, Insurance, And Investment Management

Pursuant to Section 953 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, publicly traded companies are required to disclose the median total annual compensation of all employees other than the CEO and the ratio of the CEO’s annual total compensation to that of the median employee. In November 2016, Wells Fargo agreed to pay US$50 million to settle a racketeering lawsuit in which the bank was accused of overcharging hundreds of thousands of homeowners for appraisals ordered after they defaulted on their mortgage loans. While banks are allowed to charge homeowners for such appraisals, Wells Fargo frequently charged homeowners US$95 to US$125 on appraisals for which the bank had been charged US$50 or less. Racketeer Influenced and Corrupt Organizations Act on grounds that sending invoices and statements with fraudulently concealed fees constituted mail and wire fraud sufficient to allege racketeering.

So with that, let me dive into some deeper highlights from the quarter. Now corporate social responsibility is important to the Coupa community and we are uniquely positioned to help customers in this area. Alternative investments are complex, speculative investment vehicles and are not suitable for all investors.

Today, Free TON is a vivid community of 30k+ people all over the world, contributing daily to the ever growing codebase of the network. A wide range of technical developments have been made such as highly improved tooling and a multitude of protocol changes. “H.D. Vest to be acquired by Internet company Blucora for $580 million”.

Controlant — which has a unique real-time supply chain monitoring technology based on GSM networks and is specifically geared to areas like pharmaceuticals and life sciences — has confirmed it is providing its monitoring services to Pfizer as it delivers the mRNA-based Pfizer-BioNTech COVID-19 vaccine globally. The Controlant platform involves screen-based IoT tags which-link to GSM networks and then feed into web and mobile apps. “We have a long history of making alternatives available to advisors on our platform but knew that manual steps made private investments a more difficult asset class to access,” said Robert Cirrotti, managing director, Global Strategy & Product Management at Pershing. “As advisors increasingly turn to alternative investments for diversification and uncorrelated returns, we are delighted to partner with iCapital to make the investing process faster, easier and more secure.” “We have a shared commitment to ensure that the many advisors who custody with Pershing have the most innovative technology options at their disposal when accessing alternative investments on behalf of their clients.” Investments in alternative investments involve a risk of loss. This material does not intend to address the financial objectives, situation or specific needs of any individual investor.

• “As advisors increasingly turn to alternative investments for diversification and uncorrelated returns, we are delighted to partner with iCapital to make the investing process faster, easier and more secure.”
• “We have a shared commitment to ensure that the many advisors who custody with Pershing have the most innovative technology options at their disposal when accessing alternative investments on behalf of their clients.”
• “We have a long history of making alternatives available to advisors on our platform but knew that manual steps made private investments a more difficult asset class to access,” said Robert Cirrotti, managing director, Global Strategy & Product Management at Pershing.
• A startup hailing from far-flung Iceland is emerging as one of the key players in the race to distribute one of the key Coronavirus vaccines around the world.
• The Controlant platform involves screen-based IoT tags which-link to GSM networks and then feed into web and mobile apps.
• Controlant — which has a unique real-time supply chain monitoring technology based on GSM networks and is specifically geared to areas like pharmaceuticals and life sciences — has confirmed it is providing its monitoring services to Pfizer as it delivers the mRNA-based Pfizer-BioNTech COVID-19 vaccine globally.

And we see that obviously in the mix of products, our customers are continuing to uptake. We’ve seen both — interestingly, we’ve seen both types of permutations. We’ve seen some cases where obviously a large portion of our customer base uses our requisitioning capability, our purchase order capability, receiving invoicing. Trading Platform So, we’ll obviously get more details on that in history as time goes by, but I think we’re positioned with the strength of Coupa and also the strength of LLamasoft, and this was a very strong company with deep leadership across the board. And I’m very confident that we’re going to create some great results there.

For the trailing 12 months, operating cash flows were $80 million or 16% of total revenues and adjusted free cash flows were $96 million or 20% of total revenues. As a reminder, we define adjusted free cash flows as operating cash flows, plus purchases of property and equipment plus repayments of convertible senior notes attributable to debt discount. Cash at quarter end was $1.35 billion, up from $1.34 billion last quarter. We paid $6 million for cash in Q3 to settle obligations from our forex soft first convert our 2023 notes. Looking at Q3 operating expenses, we continue to assertively invest in our business and hire employees amid the pandemic. Despite this, the scale and leverage in our model, once again showed through in our strong operating margin and adjusted free cash flow results. For the quarter, we delivered non-GAAP operating income of $14 million or 11% of total revenue, as well as non-GAAP net income of $13 million or $0.18 per share on $73.8 million diluted shares.

Spend sentiment for manufacturing though continues to decline. We are excited that these, and many other customers have joined our thriving community. Now to close out sales, we also saw strong growth in emerging markets. In fact business in Latin America, Asia Pacific, Japan, the Middle East and Africa essentially doubled over the last 12 months.

At Coupa, I’m pleased to share that we’re continuing to execute against our massive market opportunity. We’re doing so with consistent tenacity and unrestrained passion for delivering what we believe is indisputable value-as-a-service for all our customers. Customers and prospects are looking to Coupa’s comprehensive business spend management platform to ensure that they’re creating increased agility, resilience and of course, profitability. Frankenfield, managing director and chief marketing officer, is responsible for the strategic direction and execution of all global marketing activities including brand, advertising, public relations, creative, digital, channel marketing, content development, social media, research and business analytics. Prior to joining iCapital, she held the positions of managing director and head of U.S. marketing at Legg Mason, and senior vice president and head of marketing at Oppenheimer Funds. “This is an exciting moment in iCapital’s trajectory, and we stand ready with the expertise, relationships, exceptional technology, and customized solutions to meet the needs of rapidly evolving international markets,” said Mr. Calcano. “The asset and wealth management industries have embraced the opportunities an automated and transparent approach to alternatives can offer. We are building a future where all parties across the globe benefit from the establishment of a robust, transparent, and highly efficient marketplace.”

Just another one on LLamasoft, can you help us understand like, to what degree is LLamasoft poised to change your spend mix between indirect and direct procurement? And maybe just digging down a minute, they did a pretty big acquisition maybe a year and a half ago of this opex analytics? Can you explain how that fits into LLamasoft mix and those data scientists and that revenue was that more pro-service that was being productized?

Wells Fargo is the top banker for US gun makers and the National Rifle Association . From December 2012 through February 2018 it reportedly helped two of the biggest firearms and ammunition companies obtain US$431.1 million in loans and bonds.

As you may recall and during the year, we expect to $20 million plus in billings in revenue contribution from Coupa Travel Sabre, but since the pandemic hit hard in mid-March, we have essentially recognized no revenue from that business since then. And finally, our guidance today includes our current expectations for a full quarter of LLamasoft. In the coming weeks, we plan to file the required 8K A SEC filing related to the acquisition. From that, you will be able to approximate that LLamasoft as a stand-alone company, prior to the acquisition had revenue of just over $100 million per year. Moving on to cash and cash flows, the strength of our business, mission critical nature of our platform and quality of our customer base continues to evidence itself in our cash flow results. Q3 operating cash flows were $19 million, and adjusted free cash flows were $17 million or 13% of total revenue. These results included a cash outflow of approximately $13 million for prepayments we made to our primary hosting provider to optimize long-term hosting costs.