The VAR signup war is on in the cloud. Acumatica, Intacct and NetSuite all issued press releases this week about their newly recruited VARs.  We’ll pass on the box shore for the moment, who has signed up the most, the biggest or best. The fact that the pace of announcements is picking up so rapidly, with both NetSuite and Intacct making inroads at accounting firms, showing the scope of the change. And that can mean only one thing – companies are looking at and buying Internet-based financial applications at a pace we haven’t seen before. Read more...

For all the optimism expressed, NetSuite lost $6.45 million, compared to $6.54 million in last year’s corresponding quarter. However, since revenue grew to $52.1 million, up 21 percent from just under $43 million, margins improved nicely, which seemed to please the analysts on the company’s conference call yesterday. NetSuite lost $27.5 million for 2010, compared to a loss of $23.3 million in 2009.

This is more in the line of Sage officially announced Accpac 6.0, since the company has been selling the next generation of this product since December. So anything said here is hardly a big secret. Also, this is more a hold-the-line announcement, getting something into the market until the real product comes out at the end of the year. The main thing hitting now, the portal interface, gives everyone a chance to get familiar with the program. Read more...

Acumatica signed several new VARS in the last week although the announcement was geared more at promoting the fact the company had signed 100 in its current push. The company continues to do well in signing Dynamics SL VARs since its architecture has a Solomon heritage. The latest include Exponential Consulting of Leesburg, Va., and Accountnet, a New City reseller, both which handle Dynamics GP and SL.