Archive for December, 2009
Sage MIP Funding Adds Feedback Portal & Receives The Most Recommendations from US Customers
December was a big month for Sage MIP Fund Accounting—first, they announced their enhanced 10.2 version, and they also received a Campbell Award for being one of the most customer-recommended products on the market.
Sage MIP Fund Accounting is software for nonprofit and governmental financial management, and in keeping with their dedication to user experience, the 10.2 edition features a new customer feedback portal that allows users to submit ideas and feedback directly to the product’s executives. Other enhancements include expanded reporting options, email functionality, and import capabilities.
Sage product execs expect the new portal will invaluable when they’re in development phases. Customers can send requests or suggestions through the portal, and receive an auto-response. If Sage makes the requested update, those users will be notified. Before receiving notifications, users can log in to see their submission status. Sage MIP Fund Accounting is available as both an on-premise and hosted platform, so we’re curious as to whether customers using legacy systems have the same options.
New reporting features include Form 990 reporting, New Sate Unemployment Tax Act reporting fields, and improved drill-down functionality from within financial statements (allowing users to search records with greater accuracy). Regarding email in MIP Fund Accounting, it will now be easier to send messages from within the platform.
The new award Sage MIP Fund Accounting received—the Campbell Award—is a biannual prize bestowed upon the accounting software with the most recommends from US customers. This is the fourth consecutive year Sage has received the award, which is given by the independent market research firm Campbell Rinker.
Popularity: 2% [?]
No commentsNetSuite Customers Make VAT Compliant Overnight
Yesterday, NetSuite announced that their customers doing business in the UK are going to enjoy full compliance with new changes to the value-added tax (VAT) rate, and without having to trouble with pesky upgrades. Thanks to NetSuite’s cloud computing model, and the flexibility of the Tax Engine in their financial and accounting software, NetSuite customers in the UK will have immediate compliance changes.
The change itself is due to UK Chancellor of the Exchequer Alistair Darling’s announcement of a return to the 17.5% VAT rate, which he detailed in his pre-budget report last week. That decision wasa part of the government’s stimulus package, and will be effective January 1, 2010. Companies operating accounting and e-commerce software are therefore racing to be compliant, and those with on-premise solutions are obviously having the roughest time.
NetSuite’s SuiteBundle is the product that automatically updates customer tax codes, and it can be applied at any time before the January deadline, and will be updated automatically. NetSuite is already a major player in many business software segments, and with cases like this one it’s patently obvious why. Their cloud-computing model is thrifty and timely, and this a prime example of the abilities offered by cloud computing—hopefully one that will get even more people hooked on this kind of deployment.
Popularity: 3% [?]
No commentsThe IRS Chooses TaxWise For Specialized Accounting
In every industry there are a couple of trendsetters—those companies who do something and everyone takes note. Though most people only grumble about the Internal Revenue Service, it can be assumed that when they select a particular accounting platform, people take note.
Today, the IRS announced they selected TaxWise from CCH Small Firm Services (SFS) as the software their employees and volunteers will use to prepare and electronically file tax returns for millions of low-income, elderly, and limited-English proficient taxpayers. And TaxWise obviously takes pride in this being the 15th consecutive year their technology has been put to this task.
But even though it’s been doing the job for almost two decades, the IRS still vetted accounting software for two years. TaxWise’s most recent agreement is a 5-year contract, and covers about 10,000 IRS-supported Volunteer Income Tax Assistance (VITA) and Tax Counselors for the Elderly (TCE) locations, and IRS-operated Taxpayer Assistance Centers (TACs).
Part of the reason the IRS is so happy with TaxWise is its strong security provisions—and they said this of both the on-premise and online versions. Yup, that’s right—the IRS is not shying away from accounting data in the cloud, and approves of TaxWise Online.
Popularity: 3% [?]
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