News and Analysis (15669)
ONLINE EFFORT TARGETS ACCOUNTANTS
- Thursday, 04 December 2014
- News and Analysis
- Written by mark
The headline here should probably have the word 'Again' as software vendors have generally prized accountants for their ability to influence the buying decision of clients. But with the growth of cloud computing, we appear on the verge of a new era of firm enlistment. In a webcast of his presentation at the 31st Nasdaq Investor Program in London this week, Intuit CFO Neil Williams said Intuit has done about all it can in terms of product enhancements to encourage desktop users to migrate to QuickBooks Online.
ITA STARTS CIO ACADEMY
- Thursday, 04 December 2014
- News and Analysis
- Written by mark
The Information Technology Alliance has formed the CIO Academy. ITA is an association whose members including technology professionals, consultants and product/service providers such as resellers. The Academy, which will meet twice a year during ITA meetings, will host industry experts to have in-depth presentations on issues of concern to CIOs and those with similar roles who work in the 30 largest CPA firms outside of the Big Four.
SAGE'S KELLY SAYS STRATEGY WORKING
- Thursday, 04 December 2014
- News and Analysis
- Written by mark
In his first earnings webcast, Sage's new chief executive Steve Kelly, declared that the strategy set by his predecessor, Guy Berruyer, is working. While discussing results for the year ended, September 30, Kelly also said the company needs to accelerate execution and that means the company needs to increase the "pace of execution" and his comments about elements that will be continued include "product rationalization and shift in investment towards investment in growth."
INTUIT CEO: $16 MILLION MAN
- Tuesday, 02 December 2014
- News and Analysis
- Written by mark
Intuit has been on a roll all through 2014 and the company's board of directors thought CEO Brad Smith deserved credit (well, over-achieved on goals set for him). That's the main way to read the compensation report that shows Smith received $16.5 million in total pay for the year ended July 31, up 33 percent from $12.5 million in fiscal 2013. The total was pushed up by option awards, which more than doubled to $3.5 million for the recently ended year, up from $1.6 million.
XERO ADDS EXECS IN U.S.
- Thursday, 27 November 2014
- News and Analysis
- Written by mark
Xero, which has been shoring up its North American leadership, has hired three new leaders. The moves follow the September departure of Peter Karpas as CEO of the cloud software company's North American operations after seven months. In a prepared statement CEO Rod Drury said, "We're thrilled at the growth we're achieving in our initial three markets and are now focused on execution in the important U.S. market and are making good progress on building our leadership team there."
SBS ADDS ACUMATICA LEADER
- Thursday, 27 November 2014
- News and Analysis
- Written by mark
The SBS Group has signaled its plan to develop its Acumatica business. It has hired Gary Francart as national practice manager for the cloud-based financial software. Francart joined the Edison, N.J.-based VAR this month after working for five years and three months as director of sales for Frederick, Md.-based KTL Solutions, which he joined in May 2004.
EIDE BAILLY ACQUIRES ASI
- Monday, 24 November 2014
- News and Analysis
- Written by mark
Eide Bailly has acquired Accounting Systems Inc., a Fort Collins, Colo.-based accounting software vendor. ASI has become part of Eide Bailly's Technology Consulting organization. ASI co-founder Bredt Eggleston has joined the Fargo, N.D.-based accounting firm as a principal. The Colorado company carries Sage 100/500, X3, Syspro and Acumatica. However, the Eide announcement singled out the importance of the addition to the Sage practice.
NO BSI NEWSLETTER NOVEMBER 28
- Friday, 21 November 2014
- News and Analysis
- Written by mark
To give our readers time to camp out at WalMart or K-Mart on Black Friday, there will be no Bob Scott's Insights newsletter on Friday, November 28. News will continue to be posted to the website as conditions dictate. Emailing of the newsletter will resume on Friday, December 5. So go kill a turkey or something.
DELTEK TAKE CRM TO CLOUD
- Friday, 21 November 2014
- News and Analysis
- Written by mark
Deltek has moved to the cloud with the launch of Deltek CRM. The introduction broadens the Reston, Va.-based company's line up in this application area, which already includes the desktop Vision CRM for professional services firms and GovWin Capture Management for government contractors. Deltek CRM was one of a number of announcements from this month's Insight 2014 user conference. The company also has released Maconomy 2.0, its accounting application for professional services firms.
INTUIT PAYROLL, QBO REVS SURGE
- Friday, 21 November 2014
- News and Analysis
- Written by mark
For its first quarter, Intuit loses money since it is outside of tax season. The question is how much it loses; in this case $84 million for the period ended October 31, compared to $11 million in last year's corresponding period. However, the fact the company is now recognizing all revenue ratably is shoving $400 million into fiscal 2016 and beyond has a role in boosting the red ink. On the top, Intuit reported revenue $672 million, an increase of 8 percent from $622 million a year ago.
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