TIW UNVEILS ALERE VERSION 5.2TIW Technology, parent to the Alere accounting products, has released Alere Version 5.2, an upgrade that includes a number of enhancements affecting ordering, inspection, expiration and the general ledger.
The new version will allow users to use customers’ item numbers to enter sales orders or invoices; track pending general ledger entries; conduct lot inspections and assign lot expirations; and track actual lot costs as they are received into inventory.
For more information, as well as a downloadable product tour CD and trial package, visit www.alereaccounting.com.
INTUIT COMPLETES ECHO BUY
QuickBooks parent Intuit Inc. has completed its $131 million acquisition of online payments processing concern Electronic Clearing House Inc.
Based in Camarillo, Calif., Echo provides online payment services such as check conversion, automated clearing house capabilities, check verification, guarantee services, collection, and debit card and credit card processing. Echo will be folded into Intuit’s small business financial services portfolio.
The on-again, off-again deal had first been announced in December 2006.
WHITEBIRCH UPDATES BUDGET APP
Whitebirch Software has released the latest version of its business planning, forecasting and budgeting software, Whitebirch Planning 7.0.
Users can extend the software’s library of standard financial objects with business-specific logic. In addition, new line-item sets have been added that can automatically reference multiple line items for use in formulas and reports.
The software is object-based, and Kel Hoffmann, president of Whitebirch Software, said that it allows firms to create different layers with what-if scenarios for planning purposes. Various layers can be turned on or off as needed. Users can add a line item for salary and wages, and see a listing of all the line items associated with salaries and wages, or based on all the hours worked per month.
Whitebirch sells the software through an application service provider model, or on a license basis starting at $1,500 per year. For more information, visit www.whitebirchsoftware.com.
SERENIC DOLES OUT STOCK OPTIONS
Nonprofit software provider Serenic Corp., parent to the flagship Navigator nonprofit product, okayed granting stock options to its directors and senior officers. The company granted 100,000 stock options to Bruce Saville, who joined the Serenic board in early March; 85,000 to board members Don Caron, Ron Odynski and chairman Dwayne Kushniruk; 50,000 to chief executive Randy Keith; 35,000 to corporate secretary David Tam; and 25,000 to chief financial officer Paul Johnston.
