RELLER GETS NEW JOB.
Like what you see? Click here to sign up for Accounting Today's daily newsletter to get the latest news and behind the scenes commentary you won't find anywhere else.
Tami Reller, who was part of Doug Burgum's inner circle at Great Plains and later Microsoft Business Solutions, has been given the job of chief financial officer and corporate vice president of Microsoft's Windows Business Division.
Reller had held the same position for Platform & Services Division.
But after the company split the group in two in the middle of 2008, it had not announced a new position for her.
MICROSOFT OFFERS SMARTPAY
Microsoft is giving customers up to six months to pay for new purchases under a program called SmartPay that is designed to close sales by offering users a chance to better manage cash flow.
SmartPay replaces a zero percent financing program that Microsoft introduced last year. Company executives and resellers said the original program worked, but Microsoft decided not to renew after March.
SAGE CHANGES CAMPAIGNS
Sage North American is rolling out a new marketing and advertising campaign, called the Sage Experience, which replaces the former Sage 360 campaign.
Launched during the March NCAA college basketball tournament, the campaign was designed to incorporate an overall "experience" theme through a series of advertisements, according to Sage's description. The official description touts benefits of working with Sage, including "fierce customer loyalty," "deeper visibility into your business" and "profits when others feel the pain."
DELTEK INSTALLS CONTROLS
Deltek, the Herndon, Va.-based publisher of financial software for project-based companies, has instituted new financial controls, as outlined in its SEC filing for the year ended Dec. 31.
The company said it had reduced reliance on spreadsheets in preparing financial statements, "particularly with the calculation of maintenance revenue and stock compensation."
It also took steps to counter inadequate controls in the following areas: account reconciliation and analysis process, accuracy of billing and revenue recognition documentation, review of software revenue recognition decisions and systems access and change management controls.
MICROSOFT INTROS FOUNDATION
Microsoft has introduced Windows Server Foundation, a version of its networking operating system designed for businesses with 15 or fewer users.
The operating system provides such typical networking functions as file and print sharing and remote access. Foundation will be sold as an OEM program that comes with the servers when purchased by end-users.
SAGE DOES APPLIANZ
Sage North America has made its MAS accounting line available on the Applianz turnkey system.
The package includes the Sage MAS application, all required Windows licenses and an integrated firewall. It also comes with a full year of Applianz's CompleteAssurance automatic daily backup service, along with a free system replacement and one-day disaster recovery capability.
NETSUITE RAISES SALARIES
NetSuite has given raises in base salaries to its chief financial officer and senior sales executive.
The company raises the salary of CFO Jim McGeever to $300,000 from $265,000. James Ramsey, senior vice president of worldwide sales and distribution, got an increase to $200,000 from $175,000. Both get a target bonus of $200,000.
Meanwhile, CEO Zach Nelson, who had a base salary of $450,000, received a bonus of $344,592, while founder Evan Goldberg, with a salary of $375,000, pulled in a bonus of $154,821. Goldberg and Nelson did not get salary increases.
DELTEK SETS OFFERING
Deltek has filed documents with the SEC for a $60 million rights offering under which shareholders will get one subscription right for each share of common stock they own.
The pro rate distribution of non-transferable subscription rights to shareholders of record as of April 14 gives rights holders the ability to purchase a share of stock at a $3 per share subscription price.
CB&H SETS ONLINE RECOVERY CENTER
Advisory firm Cherry, Bekaert & Holland launched an interactive portal to help businesses and individuals navigate the financial crisis.
It features seven blogs, four of which focus on specific industry segments, including government contracting, not-for-profit, real estate and construction. The site is located at http://economy.cbh.com.
(c) 2009 Accounting Technology and SourceMedia, Inc. All Rights Reserved.