News and Analysis

News and Analysis (15670)

INTUIT SUMMIT VS XERO ELEVATE

competition artWith Intuit hosting a conference of influencers in Mountain View, Calif., and Xero holding its first conference in San Francisco, things got a bit testy on Twitter. We were calling it the Twitter Wars. But one theme struck me as I hit both gatherings. At the Intuit Summit event, one question on the second day was about attracting and keeping talent and having aging firms and events.

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INFOR FILES EXEC PAY TERMS

Charles Phillips, InforInfor has published the compensation rates for its top executives. While the contracts are not new, it is the first time they have been published since Infor become a public reporting company. Under an Oct. 9, 2010 agreement, CEO Charles Phillips got a $800,000 annual salary and can earn an annual bonus of up to $1.2 million and was granted 2 million shares initially.

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INTUIT, INTACCT DEAL ENDED

Dan Wernikoff, IntuitA deal through which Intuit encouraged QuickBooks users to migrate to Intacct to meet growth needs has ended. The arrangement ended quietly in the last few months, according to Dan Wernikoff, VP and general manager of Intuit's Small Business Financial Solutions Division. The program, which began late in 2011, was designed to encourage QuickBooks users to move to Intacct's Internet-based accounting application when they had outgrown the Intuit product and the companies conducted joint marketing.

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AVALARA SIGNS A BUNCH OF VENDORS

AvalaraAvalara has announced a slew of signings of partners for companies that will integrate its sales-and-use tax products into their offerings or link via a connector. Notable in this round is the inclusion of two vendors working in the Microsoft space. Avalara has certified a connector for Infor XA, an Enterprise Resource Plannint system, and for the IBM iSeries development platform.

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NETSUITE ACCOUNTANT PROGRAM AT 1000

NetSuiteThe NetSuite Accountant Program has reached more than 1,000 members. The program was launched in 2010. It’s been a while since the maker of Internet-based financial software has talked about the program.

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ITA NAMES BURCH AS DIRECTOR

Peyton Burch, IntacctThe Information Technology Alliance has named Intacct's Peyton Burch as a director to a three-year term. Burch, a CPA, has been a senior channel executive at the San Jose, Calif., company, since October 2010.

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ACUMATICA: A NEW CHANNEL VIEW

 Yury Larichev,  Acumatica Everyone in the midmarket business talks about the impact Internet-based application has on resellers. But at his company's recent conference, Acumatica CEO Yury Larichev made some specific descriptions of how the cloud affects reseller facilities and staff.

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INTUIT: THE EMPIRE STRIKES BACK

Brad Smith, IntuitXero has had a decent impact on the market in the United States for low-end Internet-based accounting software, especially given its still small size. However, the New Zealand-based company is about to run into a massive Intuit response in the competition for the business of companies with 10 and fewer employees.

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GOLDMAN PUTS $40M INTO SUGAR

SugardCRMGoldman Sachs has made invested $40 million in SugarCRM. The equity investment was accompanied by the announcement that Goldman VP Antoine Munfa, a vice president at Goldman Sachs, was named to Sugar's board of directors.

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SAGE DOES YOLA PAYMENT DEAL

SageSage North America has partnered with San Francisco, Calif.-based Yola. Yola is integrating its cloud platform with Sage Exchange, its payments platform.

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