Xero is urging its customers to reset their passwords and says it will enforce that change when users log in. In an email message this week, the New Zealand-based company says it has seen an increase in phishing scams, some impersonating Xero's branding. Xero says "Our monitoring has shown that a small number of our customers have had their Xero accounts compromised.

NetSuite focused on its top line for the third quarter ended September 30 registering its thirteenth consecutive quarter of more than 30 percent year-over-year revenue growth. Meanwhile, CEO Zach Nelson noted in this week's earnings webcast the company plans to continue investing in growth. The cloud software company's loss rose to $37.3 million for the most recently ended period, an increase of $27.3 million in red ink a year earlier. Revenue reached $192.8 million, a 34-percent increase from $177.3 million in last year's corresponding period.

FinancialForce.com has named Raphael Bres as general manager of the company's financial management applications. The San Francisco, Calif.-based provider of cloud-based financial applications says Bres will be responsible for developing and implementing the strategy, vision and roadmap for those applications and will also be in charge of go-to-market plans. He comes to FinancialForce from Workday where he had been VP of product strategy, financials since November 2012.