News and Analysis

News and Analysis (15628)

BCS PROSOFT EXPANDS

Clark Haley, BCS ProSoftBCS ProSoft has announced plans to expand into the Houston, Texas, and Denver, Colo., markets by the end of next year. The plan was outlined by CEO Clark Haley in discussing the organization of a staffing organization, BCS ProStaff. Currently operating in San Antonio, Texas, BCS carries Sage 100 and 500, Deltek Vision and NetSuite.  The new unit will provide staff with skills with a large variety of mid-market accounting packages in the San Antonio and central Texas market.

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SUBSCRIPTIONS DRIVE PRODWARE GROWTH

ProdwareAn increase in subscription revenue of 56.3 for the nine months ended September 30, drove growth at the Prodware Group, a Dynamics reseller based in France. The company says that means subscription revenue hit 7.7 percent of revenue, compared to 5.1 percent in last year's corresponding period. Prodware operates in France, Great Britain, Spain, Germany and Israel.

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SILVERSUN RESULTS JUMP

Mark Meller, SilverSun TechnologiesFinancial results for SilverSun Technologies, parent of Sage reseller SWK Technologies, were strong for the third quarter ended September 31. SilverSun, whose only operations are those of SWK, posted net income of $248,165, compared to a loss of $82,219 in last year's corresponding period. Revenue hit $6.1 million in the most recently ended period, up 39 percent from $4.4 million. The company said it was a record quarter.

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QBES INTEGRATES WITH QLIKVIEW

Rob Lips, IntuitIntuit has integrated Qlikview with QuickBooks Enterprise Solutions. Intuit also says that it will integrate the newer Qlik Sense into future versions of QBES. The release from Qlik Technology says something that was not mentioned by Intuit when it discussed the introduction of Advanced Reporting for QBES, which is that Qlikview is powering the Intuit product. The new reporting tool is free to current users.

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SAGE INTROS ANALYSIS TOOL

Geni Whitehouse, Brotemarkle, Davis & Co.Sage has rolled out Sage View, which draws financial information from accounting software. It draws data from about any package into all of Sage packages and, what a minute, we've been here before haven't we? The issue is whether the target audience of accountants will use analytical software to serve clients any more than they did in the early 2000s. The last time I wrote about this, in 2009, I noted Thomson's lack of success with Financial Analysis CS module and the death of the CCH Profit Driver, built on the same tool uses it the Sage CFO package.

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CHANCES OF INTACCT IPO?

Robert Reid, Intacct Intacct CEO Robert Reid indicated this week his cloud software company is not quite at the spot it can approach the market for an initial public offering. "It's pretty simple. Wall Street has a number of different metrics you have to have some substance and enough growth," he said at the company's Advantage conference this week. But the fact analysts were invited to the conference for the first time suggests the tune for the IPO dance is starting to play.

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NETSUITE HITS SAGE IN U.K.

Stephen Kelly, SageNever shy at pummeling an opponent, NetSuite this week welcomed Sage chief executive Stephen Kelly in his first week on the job in its own way. It placed an advertisement in the Metro and the Financial Times London that contained a faux map of the London Underground with the headline "All Sage Lines Terminate Here". Instead of having a destination name, each train route was given the name of a Sage product—50, 100, 200, 1000—with all routes converging on NetSuite.

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INFOR STARTS TRAINING PROGRAM

InforInfor has introduced Launchpad, a program that provides training to its channel from Infor representatives. The in-person sessions are being offered this month and next in locations that include Mexico City, Mexico; Barcelona, Spain; and Minneapolis. The software company says that it "has created a specialized set of tools for each session intended to help partners grow a more profitable and sustainable business around Infor applications and suites."

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INTUIT DOING GREAT, BUT?

Brad Smith, IntuitThe October QuickBooks Connect conference left me with conflicted feelings. On one hand, Intuit dominates its market and there doesn't seem to be any competition that can threaten it. On the other, the conference felt chaotic—not from the get-people-to meals-and-the-exhibit floor way, but in terms of messaging. At all levels, Intuit employees did not seem to have all the information you'd expect, very siloed.

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INTACCT STRIKES AMEX DEAL

Aaron Harris, IntacctIntacct has struck a deal with American Express that portends a much broader relationship in the payments arena. Payment service via Intacct's cloud-based accounting software starts with the Intacct Check Delivery. Business can send check payments to suppliers and GL automatically updates, as they always say, with the click of a button. Amex will write and mail the paper checks. But it is the promised additional "card- and non-card payment solutions" that the partners said are coming soon that interested attendees at this week's Intacct Advantage conference.

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