LATEST ARTICLES
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) SaaS Acquisitions Recommended for ADP and Intuit
On November 19, Intuit Inc. (NASDAQ: INTU), the tax preparation and small business accounting software maker with annual revenue of $3.1 billion, reported its first quarter results. Revenue increased 8% to $481 million while net loss widened from $20.8 million, or $0.06 per share to $52.1 million, or $0.16 per share as it lost the income of outsourced payroll assets it sold last year to ADP. Adjusted loss per share was $0.09 versus $0.10 last year in the typically slow first quarter. Analysts estimated loss of $0.12 per share on revenue of $481.4 million.Intuit ended the first quarter with $747 million in cash and investments. Capital expenditure was $67 million and it bought back shares worth $165.
By segment, revenue from QuickBooks grew 6% to $152 million, Payroll and Payments increased 16% to $152 million, Consumer Tax grew 7% to $14 million, Accounting Professionals rose 16% to $21 million, and Financial Institutions revenue (including Digital Insight) grew 3% to $75 million. More>>
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) Intuit goes global using mobiles
Intuit's QuickBooks small business accounting software runs the back office for many of North America's 31 million small businesses. Now Intuit plans to expand globally by targeting 10 Asian countries, including India, Indonesia, Malaysia and South Korea. Collectively, these 10 Asian countries have 250 million small businesses. . More>> - (
) Online accounting provider Xero releases mobile version so
This information is available in the Mobile version of the web-based accounting software. "People might think that online accounting with Xero is about compliance and doing the numbers. That's only half the story. It's also about presenting real time financial data back to small businesspeople in way that makes sense and helps them manage their business better," he says. "One of the benefits that non-accountants who use our web-based accounting system talk about is how much more in control they feel because they know what's going on with the day-to-day finances. Now you can get that information anywhere, anytime directly from your mobile device. Being in control of your business is easier than ever." You can access the mobile version of Xero on your iPhone, iPod Touch, Blackberry and Windows mobile device from this website m.xero.com Further links / information: � Learn more about how Xero (www.xero.com/overview) online accounting software can help you � Test drive Xero web-based accounting software � Contact Xero's (www.xero.com/contact) online accounting media and marketing team ### . More>> - (
) The Year of Workflow
Workflow has been a hot topic in all kinds of software, including applications used in accounting firms and in the general accounting packages used by companies to run their financial operations. After all, most of these organizations have software applications. Few larger than the very small companies linger in the era of pencil and paper. The trick is getting value out of the investment. Two areas are particularly important in this endeavor. One is business intelligence, or whatever you want to call getting understandable information out of the data. The other is workflow. Workflow is simply about who does what in what order. I would add one qualifier to that, which came from Roger Mongeon, the co-vice president of sales and marketing of Doc.it, and that it is about communicating that information within the organization so that everyone knows the procedures. More>> - (
) NetSuite's SaaS soln for SMBs
Founded in 1998, NetSuite Inc. is a leading provider of on-demand, integrated business management software suites for midsize businesses. With thousands of customers globally using NetSuite's online products and professional services, companies are enabled to manage their key business operations — in a single hosted system, including: customer relationship management (CRM); order fulfillment; inventory; accounting and finance, product assembly; ecommerce; Web site management; and employee productivity."Long known for its entrepreneur spirit and innovation, the small and mid-size Indian Business owners are faced with a tough task in this uncertain economy regarding their business automation projects. They are not keen to invest in large ERP installations, which require large capex expenditures. More>>