The National Science Foundation has awarded a $150,000 Small Business Innovation Research grant to accounting record analysis software company AuditMyBooks to assess the feasibility of predicting fraud in small businesses.

Cougar Mountain Software remains PCI compliant with its latest update release for the company’s Denali accounting software product line.

Intuit plans to host its “Path to Productivity” virtual conference later this month featuring advice on running Intuit’s accounting and tax products more efficiently.

SurePrep has added 1120, 1120S and 1065 preparation as a part of its outsourcing service, allowing firms to leverage the company’s technology and staff to prepare more types of tax returns.

The Tax & Accounting business Thomson Reuters plans to expand internationally by targeting multinational corporations and global accounting firms via a series of strategies.

Document imaging and scanner services provider Fujitsu Computer Products of America and cloud-based automated sales tax management software service SpeedTax have formed a partnership to help North American accounting firms better serve their clients and promote firm growth via adoption of smart technology.

Cloud-based workflow management software provider XCM Solutions LLC has released XCM 8.0, which features enhanced usability, expanded integration, and new functionality that further extends XCM’s utility for all areas across public accounting firms as well as corporate tax, accounting and finance departments.

Sage North America has expanded its line of construction industry software with the introduction of Sage Timberline Enterprise.

Unit4 introduced Vita Cloud Angel, a new subscription-based deployment offering for customers of its cloud computing-based enterprise resource planning software, Agresso Business World.

Sage North America has released the latest version of its time and billing product, Sage Timeslips 2011, which now offers faster bill approvals, improved reporting, and electronic payment options.

When you think about how to increase your firm's profits, what comes to mind? My guess is that training and learning may not make your short list. Soft skills are even less likely to make the cut. The reality is that preparation precedes profits, and many firms miss out on great earning opportunities because they do not invest enough in training their people the right way.

SAGE LAUNCHES SAAS-BASED PAYMENTS PLATFORM

The field of computer-assisted accounting has changed dramatically. For many years, the process of bookkeeping and accounting was best left to those professionals who understood the arcane tasks and uttered strange pronouncements like:

Welcome to our inaugural Top New Products report!

ACCOUNTING/ERP

WIPRO, NETSUITE PARTNER IN CLOUD PACT

Intuit.com and some of its major Web sites, including QuickBooks Online, Intuit Online Payroll, Quicken and QuickBase, are back online after a power outage shut them down on Tuesday.

Businesses that adopt electronic payment and process channels have been able to achieve a 16 percent decrease in the cost of accounts receivable processing and a 14 percent decrease in accounts payable costs year over year, according to a new study.

FinancialForce.com has released the Summer ’10 version of its cloud accounting software, which includes interdepartmental collaboration tools powered by Salesforce.com’s Chatter technology.

Manufacturing software developer MISys, Inc. has released version 4.2 of its manufacturing system, which features some 25 upgrades, including improved integration with QuickBooks, Accpac and Peachtree.