News and Analysis

News and Analysis (15671)

QUICKBOOKS CONNECT CANCELLED

Image by Gerd Altmann from Pixabay Another one bites the dust—Intuit has cancelled QuickBooks Connect, its annual conference. The conference had been scheduled to be held November 4 through 6 in San Jose, Calif. 

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JAMIS HIRES PRODUCT MANAGEMENT VP

Jamis Software, which makes Jamis Prime ERP software, has hired Valery Hill as VP of product management. She joined San Diego, Calif.-based Jamis last month after serving as director of product management for Unanet from January 2016 through April.

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INTUIT HALTS AUTO QBO UPGRADES

Intuit has halted automatic upgrades to QuickBooks Online Advanced from other versions of QBO. The action was noted this week by Alex Chriss, the EVP who manages Intuit’s small business and self-employed group.

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SYSPRO OFFERS UNEMPLOYED AID

Syspro will provide 500 recently unemployed individuals with unlimited access to the Syspro Learning Channels no cost for six months. The individuals are in the manufacturing and distribution sector. Candidates in Syspro’s operating regions, including the United States Canada, Africa, U.K., Asia and Australasia.

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AVALARA OUTLINES ENTERPISE AMBITIONS

Avalara is gradually moving to greater actively in the enterprise business. “We have been taking our time building out features and functions,” for the enterprise market, CEO Scott McFarlane said during this week's BofA Securities 2020 Global Technology Conference.

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BLACKBAUD CEO PAY OUTSTRIPPED PEERS

Blackbaud’s 2019 compensation for CEO Mike Gianoni was ahead of the median of the peer companies followed by its board’s compensation committee. The comments were made in an updated proxy filed this week with the SEC.

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QAD LICENSE REVENUE PLUNGES

License revenue for QAD dropped 72.72 percent to $1.2 million first quarter ended April 3, down from $4.5 million a year earlier. That trend is expected to hold as, predictably, cloud subscriptions jumped 21.6 percent.

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TAX FILING DELAY COSTS INTUIT

The extension of the tax filing season from April 15 to July 15 produced 15-percent drop in Intuit’s consumer tax revenue for the third quarter ended April 30. That countered growth in its small business operations such as QuickBooks to cut into the bottom line and produced an 8.3-percent drop in revenue. 

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FLEXIBLE TERMS EMERGE AS TOOL

The challenges brought by the COVID-19 virus and business shutdowns and remote operations has put a focus on payment terms. While there is no consistent report from financial software vendors, formal and informal changes to payments are being offered by many to help cash-strapped customers.

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QB DESKTOP REVS DIPS FOR A CHANGE

It may sound obvious that QuickBooks desktop revenue declined for the third quarter ended April 30. That was the result of what Intuit said was a sharp decline in unit sales through retail and direct channels since mid-March.

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