Accounting News

Print
Email
Reprints

MICROSOFT REORGANIZES Microsoft will collapse seven divisions into three, with Microsoft Business Solutions ending up under senior VP Jeff Raikes, where the unit started out two years ago.

MBS president Doug Burgum, who was reporting to CEO Steve Ballmer, once again reports to Raikes. Burgum, who continues as a senior VP, says the change is being made because too many decisions were being made at Ballmer's level. MBS will continue to publicly report its financial results. Any decision to change that practice will take a long time to implement, Burgum says.

COUGAR WITHDRAWS ORDERS

Partner Insights

Cougar Mountain Software has withdrawn an order to its resellers to attend its annual reseller conference or lose their authorization to sell the company's software.

The order was issued by Kristine Terrell, the company's senior account executive. "You are required to attend the Partners Conference. This is no longer an option," Terrell's email message stated. The conference is scheduled for June 12-14. COO Jim Stone issued a statement that the order did not reflect company policy.

INTUIT EXPANDS PAYMENT BIZ

Intuit is expanding into the retail payment market with a QuickBooks Credit Card Processing Kit that will increase the kinds of payment types available to small businesses.

Additional payment types include e-commerce and ACH/check processing. Brad Smith, senior VP and general manager of the QuickBooks Group, told attendees at Intuit's annual Investor Day that Intuit estimates it can receive $500 to $1,000 a year from each company purchasing its payment products.

INSYNQ LOSSES NARROW

Insynq, a Seattle-based company that provides hosted accounting services, saw a sharp increase in its loss for the year ended May 31, on a 5.9 percent drop in revenue.

However, the $3 million loss reflected expenses from early retirement of debt. This was up from a loss of $873,829 in fiscal 2004. Revenue fell because of some enterprise customers who cancelled contracts. Insynq reached an agreement to pay $5,000 to the IRS, and is late on paying trade payables of about $503,000. It is negotiating with creditors to reduce the amounts owed. Insynq has not paid a $16,500 default judgment obtained by the PR Newswire in February 2002. The company, which employs 16, raised salaries in 2005. John Gorst, president and CEO, was given a salary of $391,400 for 2005, up from $211,173.

BLACKBAUD PICKS HR VP

Blackbaud, a Charleston, S.C.-based company that makes not-for-profit software, has hired John Mistretta as vice president of human resources.

Mistretta was most recently VP of human resources and alternative business at National Commerce Corp. (now SunTrust).

MARKETING VP LEAVES SAGE

Carole Kurimsky, senior vice president marketing for the Sage Software Mid-Market Division, has left Sage Software after several years with the MAS 90 side of the company.

Kurimsky was responsible for prospect marketing programs (lead generation) and product advertising. She reported to chief marketing officer Nina Smith, who will handle Kurimsky's duties while the company seeks a replacement. Sage is also seeking a vice president of installed base sales to report to Jim Foster, the division's executive vice president.

ACCOUNTMATE CREATES TIER

AccountMate is creating a new class of resellers with its AccountMate Elite level for businesses in the mid-market arena.

Resellers who join this part of the program have a minimum purchase level of $20,000. They receive an additional 25 percent in co-op funds, along with a 100 percent reimbursement for leads that they get through FindAccounting.com. There is a $1,300 fee for joining the program.

MBS'S YOUNG SWITCHES ROLES

Jeff Young, a corporate vice president for Microsoft Business Solutions who had been general manager for the Great Plains line, has joined the Microsoft sales and marketing organization.

Although Young now handles sales and marketing for MBS, he reports to Kevin Johnson and is no longer part of MBS. He remains in Fargo, N.D. Young's role with Great Plains, now called Dyamics GP, has been given to Lynn Stockstad, who is also general manager for Dynamics SL (formerly Solomon). Mark Jensen is in charge of Dynamics AX (Axapta), while Mogens Elsberg handles Dynamics NAV (Navision).

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

Register now for FREE site access and more