IMGCAP(1)]Over the last decade, “practice management” has become an industry unto itself.

Companies that integrate a cloud strategy with their strategic business imperatives can improve connections across a network of suppliers, time zones and cultures, according to a new report by PricewaterhouseCoopers LLP.

NetSuite Inc. has launched a product to help businesses automate the complex process of complying with new rules from the Financial Accounting Standards Board for revenue recognition of multi-element sales.

Copanion’s GruntWorx Populate paperless tax workflow application now integrates with CCH’s ProSystem fx Tax and Thomson Reuters Tax & Accounting’s UltraTax CS.

Cloud-based accounting and compliance software provider OptionEase Inc. has added a new earnings-per-share reporting function that gives users the ability to configure reports to match a specific accounting methodology and requirements.

Copanion-Unveils-Tax-Data-Retrieval-Solution

Project-focused ERP software maker Deltek Inc. hasoffered to buy Denmark-based enterprise software maker Maconomy, a move thatwould effectively add 600 customers in 60 countries -- particularlyadvertising, public relations and consulting companies, and accounting firms.

IMGCAP(1)]Internet connectivity is both the best friend and arch nemesis of cloud computing. One of the first questions a firm will ask when considering the inevitable move to the cloud is related to connectivity and reliability of the Internet.

CPA2Biz, the marketing arm of the American Institute ofCPAs, has added Web-based audit confirmation services provider CapitalConfirmation Inc. to its growing list of Trusted Business Advisor Solutions,which also includes Bill.com, Copanion, Intacct, Paychex, and XCM Solutions.

Accounting Today is in the midst of collectingsubmissions for its 2010 ranking of the Top 100 VARs.

According to Peter Weill, senior research scientist and chairman at MIT's Sloan Center for Information Systems Research, "IT-savvy firms have margins 20 percent higher than the industry average. Firms with less than average spending and savvy have margins 32 percent lower than their industry."

COUGAR MOUNTAIN SOFTWARE RELEASES DENALI 2.9

Technology has clearly permeated the accounting firm (and the rest of the world, for that matter), with tools ranging from the basic to the arcane.

CPAs are increasingly being asked to solve the information technology problems of their clients and prospective clients, according to a new survey by the American Institute of CPAs.

The Tax & Accounting business of Thomson Reuters has upgraded its Sabrix Managed Tax Service to integrate with Microsoft Dynamics GP, versions 9 and 10.

Commercial open-source accounting, enterprise resource planning and customer relationship management software provider xTuple has introduced the xTuple Web Portal, which enables users’ Web sites to work directly with customers, suppliers and other business partners.

Thomson Reuters has named Grant Thornton LLP the first “Certified Implementer” of its corporate tax software.

Document management and workflow software provider Cabinet NG has introduced a Web browser interface that gives users the ability to search through online cabinets and folders, and view documents from any location anytime, without installing additional software on remote systems.

IMGCAP(1)]Accounting firms across the nation are turning to document management technology to keep track of client receipts, signed copies, employee paperwork and contracts they once stored in paper files and folders.

Microsoft Corp. has introduced a corporate performance management system for its Dynamics ERP products that will provide real-time financial reporting for midsized businesses looking to achieve greater visibility across their organizations.