Business

More Sage woes: analyst downgrading

October 8, 2010 General
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Wayne Schulz Tweeted: Last week being bought. This week downgraded. Next week who knows. UBS downgrades Sage on low growth prospects Oh my. That’s just what you don’t need after celebrating the winning of an award. So what’s going on? UBS has issued an investment report pointing out issues that have been obvious to other [...]

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Software Satisfaction Awards 2010: dead cat bounce or a kludge?

October 8, 2010 General
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Awards ceremonies or rather very-expensive-dinners-and-booze-ups-with-star-turn-plus-some-gongs-thrown-in events are weird affairs. Vendors pony up to a media outfit in the vain hope they’ll walk away with a gong. Why do they do it? One answer might be that software vendor types don’t get out very often. At least that’s what one vendor quipped. Well, if that’s the [...]

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Progressive Practices: Nicholsons delivering benefit via Xero

October 7, 2010 Innovation
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Earlier today I had a conversation with Richard Hallsworth, IT partner with Nicholsons, a 5 partner practice based in Lincoln. Despite it has a significant agricultural client base, the firm is finding that online systems like Xero are helping change the relationship between the firm and its clients. This echoes what Phill Robinson said at [...]

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IRIS World 2010: iPhone, OpenBooks and accounts production integration

October 6, 2010 Innovation
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In this 4 min 48 sec video segment I have assembled the essential parts of the iPhone, OpenBooks and accounts production integration demonstration. I think what this shows above everything is that once the base data has been entered, then everything else becomes automated. The client has their view of their data in OpenBooks while [...]

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IRIS World 2010: understanding the customer relationship

October 6, 2010 Cloud Computing/SaaS
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As I mentioned in my last report, IRIS did a solid job of explaining SaaS/cloud 101 as it might benefit professional client relationships. In this short video segment, Phill Robinson, MD IRIS APS provides a real world example of how the internet has changed the relationship between business and the customer. He then goes on [...]

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IRIS World 2010: report 1

October 6, 2010 Innovation
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Yesterday I attended IRISWorld 2010 along with a cast of some 500 accountants. I bumped into my old sparring partner John Stokdyk who looked incredibly dapper (suit AND tie, I failed on the tie) as we joined the other suited great and good at IRIS’s London leg of its user conference tour. There was much [...]

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Aer Lingus: a service I needed

October 5, 2010 General
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This is slightly off topic but could be of use to those who advise people who need to travel. Regular readers will know that along with colleagues, I have many tales of traveling woe. This is not one of them. I’m currently sitting at a coffee shop outside Olympia at 8.30am. Having staggered off Aer Lateness [...]

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Accounting niches

October 1, 2010 Marketing
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Absolute Cytron says this about niche practices: Although this may seem obvious, many accounting firms can’t see the forest through the trees to realize they should focus on what they know instead of what they don’t know. It is this intellectual capital in one or two specific areas that enables a firm to develop a niche practice. [...]

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As IRIS World approaches, IRIS reports revenue flat, profits up

October 1, 2010 General
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Next week I will be attending IRIS World. It will be heavy on XBRL – as it should be – but I am looking forward to seeing Phill Robinson, MD IRIS APS and Ed Molyneux, CEO FreeAgent Central. They will be doing a ‘dog and pony’ that is rumoured to include them demonstrating the passing [...]

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