News and Analysis

News and Analysis (15671)

AVALARA PREPPING TAX CERTIFICATION

Ray Bigley, AvalaraAvalara is readying a sales tax certification program for accountants. The Bainbridge Island, Wash.-based sales-and-use tax vendor likens the developing plan to the ProAdvisor program from Intuit. Ray Bigley, the company's VP of business and corporate development, notes "There will be a different levels of certification for sales tax by Avalara." The levels would start by providing talking points to accountants interested in learning about sales tax.

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ERP GURU HIRES CFO

Geri-Lynn Kushneryk, ERP GuruERP Guru, NetSuite's top reseller in 2012, has hired Geri-Lynn Kushneryk. A Chartered Accountant, Kushneryk has experience in venture capital, turnaround and restructuring of technology firms, as well as in operations and project financing. She replaces Gareth Sargeant. In a prepared statement, she said she is looking for to "helping the company maximize its numerous growth opportunities." And her LinkedIn page reflects a career that features experience in a wide range of investment and growth strategies.

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SAGE SUMMIT EARLY BIRD PRICE SLASHED

Wayne Schulz, Schulz ConsultingSage North America is out to get more customers to its Summit 2014 conference in late July in Las Vegas. The early bird price announced this month was $99 per for the upcoming event on July 28 through 31 at the Mandalay Bay, compared to $995 a year ago. That's right and buy now and we'll send you a set of steak knives. But wait there's more.

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RENOVO ADDS X3 INTEGRATION

RenovoRenovo, which markets financial reporting applications, has released Renovofyi integration for Sage X3. The latest version of the application, which is touted as an FRx replacement, adds to a string of recently announced integrations with mid-market accounting software. In November, the Fort Lauderdale, Fla.-based software vendor release integrations for Epicor, Sage 300, Platinum for Windows, Dynamics GP and SL, Acumatica and Elucian.

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SUPPORT PAID FOR HIGHTOWER DEAL

Mark Meller, SilverSun TechnologiesThe purchase of the former Hightower by was paid for in the first 12 months by maintenance revenue from Hightower's applications, according to Mark Meller, CEO of SilverSun Technologies. Meller told listeners to the RetailInvestorConferences.com, conference earlier this month that Hightower, which was also a Sage reseller, had 13 applications with four of those that had "real traction in the market place."

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VAR STARS PUBLISHED NEXT WEEK

VAR StarsFor those waiting with bated breath - and even for those waiting with unbated breath - the 2013 edition of Bob Scott's VAR Stars will be published on Friday, December 20. We're not superstitious, but why take chances with Friday the 13th? It's always an interesting issue regarding the mid-market VAR community and people will be surprised at its contents. So will I. This year, the always delicate matter of making estimates of revenue for companies that do not disclose it got more difficult with the spread of cloud products having an impact on average revenue.

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EPCIOR NOTES CEO, CFO SALARIES

Kathy Crusco, EpicorEpicor Software is paying its new CEO Joseph Cowan $650,0000, in annual base salary according to a document attached to an SEC filing. That looks a little low for a company this size, but what do I know? Epicor also showed it is paying CFO Kathy Crusco $410,000 in yearly base salary, part of an agreement that spells out terms of her relocation to Austin, Texas, from California.  She receives a one-time net payment bonus of $100,000. Since Epicor is a private company - the SEC filings are voluntary - we don't get proxies that recite the all compensation received by named executives of public companies.

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NETSUITE SIGNS U.K. AND IRISH VARS

NetSuiteNetSuite says it picked up three resellers in the British Isles. The press release issued this week says the company signed leading VARs. I think anytime a reseller is signed by a financial software vendor that organization is a leading VAR – and then I realize no one has heard of them. But in this case, since I don't know the channel over there, we'll take NetSuite at its word. The newbies are Covali and OSSM Cloud Solutions, both located in Dublin, Ireland; and Ensphere Consulting, Warrington, U.K. The Covali Group also handles the Qlikview business analytics line.

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ISM, BENNETT PORTER, PICK UP ACUMATICA

BJ O'Reilly, ISMIt's been a good recruiting season for Acumatica. On the heels of signing SWK Technologies, the Kirkland, Wash.-based cloud vendor signed ISM. In the last week, Acumatica says it has also signed Bennett Porter, so it's fair to say that the company has picked up some quality resellers at the same time. ISM has revenue of $7.1 million and SWK, $13.2 million, as listed in their recent VAR Star submissions, which points out what a combination those companies would have made if the merger announced a year ago hadn't fallen apart.

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SAP UPDATES BUSINESS BYDESIGN

David Sweetman, SAPThe fact that SAP enhanced Business ByDesign probably won't quiet those who say the product is dead. But it certainly has a lot of new features for a product whose future has been questioned. The additions include in-memory capabilities, meaning availability on the SAP Hana Platform. The company also announced what it called enhanced pricing flexibility that include expanded competitive pricing mechanisms.

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