News and Analysis

News and Analysis (15702)

INTUIT PAYROLL, QBO REVS SURGE

Brad Smith, IntuitFor its first quarter, Intuit loses money since it is outside of tax season. The question is how much it loses; in this case $84 million for the period ended October 31, compared to $11 million in last year's corresponding period. However, the fact the company is now recognizing all revenue ratably is shoving $400 million into fiscal 2016 and beyond has a role in boosting the red ink. On the top, Intuit reported revenue $672 million, an increase of 8 percent from $622 million a year ago.

Read more...

DELTEK HIRES SERVICES EXEC

Duane Kotsen, DeltekDeltek has named Duane Kotsen to the position of SVP of Global Services. The position is a new one for the Reston, Va.-based publisher of project management applications. CEO Mike Corkery said the company has been successful moving upmarket and it expects the addition of Kotsen will assist in that arena and in its increasingly international operations.

Read more...

SAP SELLS TWO TIER BYD

 Rainer Zinow, SAPSAP is increasingly pitching its often-maligned Business ByDesign cloud application into two-tier installations. The product is aimed at divisions at companies that run the SAP Business Suite at the enterprise level. It's a strategy also being followed by competitor NetSuite which pitches its SaaS application as something that companies with SAP at the core can deploy at divisions. However, SAP argues that It is far easier to integrate two SAP-developed products than one from SAP and one from an outsider.

Read more...

INTUIT PARTNERS FOR QBO POS

Revel SystemsIntuit has reached an agreement with Revel Systems, which will develop QuickBooks Point of Sale powered by Revel Systems. The application, which will be available next year, is an iPad POS application that works with QuickBooks Online. Intuit has an online wait list for the product. This reminded me that a couple of years ago, I asked an Intuit spokesperson whether traditional desktop hardware/software POS systems--sold by companies such as Intuit--would become obsolete because of the use of mobile devices.

Read more...

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.

Read more...

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.

Read more...

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.

Read more...

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.

Read more...

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.

Read more...

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.

Read more...

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.