New Partnership Brings Scalable, Automated, Microsoft Excel-based Financial Reporting to Datel Customers - YAHOO! New Partnership Brings Scalable, Automated, Microsoft Excel-based Financial Reporting to Datel Customers - YAHOO!

Friday, June 8, 2012

New Partnership Brings Scalable, Automated, Microsoft Excel-based Financial Reporting to Datel Customers - YAHOO!

New Partnership Brings Scalable, Automated, Microsoft Excel-based Financial Reporting to Datel Customers - YAHOO!

After extensively researching the market place, Sage Business Partner Datel has chosen A La Carte Financial Intelligence from Excel in Business to fulfill its Sage 200, Sage Line 500, Sage ERP 1000 and Sage ERP X3 customers’ requirements on financial reporting.

Warrington, Cheshire (PRWEB UK) 8 June 2012

In the current business climate, detailed, accurate financial information is essential for effective management decision-making. A La Carte Financial Intelligence offers Datel customers the opportunity to streamline the production of monthly financial reports. The solution de-skills and accelerates this process, freeing time previously spent compiling data and writing functions in Microsoft Excel.

Andrew Pritchard, account development director at Datel, says: “Before going out to the market for a powerful financial reporting solution, we engaged with our customers to understand and evaluate their needs. In addition to producing standard reports such as the profit & loss and balance sheet, they wanted the ability to drill down to transaction level to enquire about the origin of a figure and to produce board-ready reports, with the flexibility to change the report to match changes in the chart of accounts. We found that A La Carte Financial Intelligence fulfilled all these criteria and more.”

For Excel in Business, managing director Paul Martin comments: “We are delighted that Sage’s top UK Business Partner has chosen to offer A La Carte Financial Reporting to its broad Sage customer base. We were able to demonstrate that our solution addresses everything from single company Sage 200 applications right through to cloud-based multi-company, multi-currency and forecasting applications in the Sage ERP 1000 and Sage ERP X3 enterprise space.”

Finance users today insist on having scalable, automated, financial reporting applications that run within the tool of their choice – Microsoft Excel. In addition, all numbers must be auditable back to the original transactions in the accounting system. Paul Martin emphasises: “Only A La Carte Financial Intelligence is able to achieve all this, reducing cost, improving period end turnaround of results and increasing confidence in the final results.”

The combination of Sage accounting systems with A La Carte Reporting and Datel’s proven track record in delivering world class financial systems provides a best-of-breed financial solution for the mid and enterprise markets.

For more information about Sage Business Partner Datel and the availability of A La Carte Financial Intelligence, contact Datel on 0845 521 1875 or email marketing(at)datelgroup(dot)com.

About Datel

Datel ( is a software provider and leading Sage Business Partner in the UK offering ERP, accounting and CRM solutions from Sage. Datel supports over 900 customers worldwide in industries such as food and beverage, distribution, manufacturing, e-commerce and clothing and footwear.

Offering Sage ERP X3, Sage ERP 1000 and Sage 200, and CRM solutions Sage SalesLogix and Sage CRM, Datel specialises in understanding business requirements, tailoring a solution to specific needs and providing award-winning customer service and Sage Support.

About Excel in Business

Excel in Business ( is a leading supplier of highly scalable Excel-based financial management, management reporting and performance dashboard software and services to the Enterprise and Mid Market sectors.

Excel in Business provides fast, simple and accurate reporting solutions that minimise effort, time and cost for period end financial, operational and CRM analysis. Through an innovative, modern approach to software licensing, customers can deploy Excel in Business’s A La Carte software across country or worldwide operations at a fraction of the cost of alternative approaches.

Emma Pownall
Datel Computing Limited
01925 849 000
Email Information

Business Software IPOs Look to Reverse Market Woes - Private Equity Hub

NEW YORK, June 8 (Reuters) – Data analysis software company Tableau Software and developer tools maker Atlassian are among several small, business software firms preparing to go public in the next 12 months, hoping a growing market for cloud computing will shield them from the aftermath of Facebook’s botched IPO and Europe’s woes.

Sources familiar with the situation said others include: AppSense, whose user virtualization technology allows people to use different devices; Marin Software, which offers an online advertising management platform; Rapid7, which makes network security software; Rally Software, a provider of project management tools; and CollabNet, which offers web-based software development tools.

These business software companies join other tech firms that are also looking to go public. Cloud-based phone systems provider RingCentral is close to picking bankers, sources familiar with the situation said. Ruckus Wireless, which supplies Wi-Fi products to mobile operators, has chosen Morgan Stanley and Goldman Sachs as its lead underwriters, the sources said.

All the seven business software companies offer products for the software as a service, or SaaS, market, in which software and associated data are hosted on remote servers, or the cloud. This segment of the market has been increasing in popularity because it is viewed as less costly and easier to implement than traditional hosting methods.

Tech behemoths including Oracle Corp, SAP AG and IBM Corp have spent billions to buy such companies in the past two years. The overall market for enterprise software grew 9.5 percent to $267 billion in 2011 and is expected to top $288 billion this year, according to Gartner.

That means these companies may form one bright spot in an otherwise moribund market for initial public offerings. U.S. IPOs, excluding Facebook, are down 53 percent this year, according to Thomson Reuters data. Facebook’s IPO last month further added to the chill as market problems at debut and the subsequent fall in its share price burned scores of investors.

But these companies are hoping that their dependence on businesses – as opposed to consumers – would set them apart from Facebook and other Internet companies.

“Based on talking to a lot of bankers, public software investors and analysts, the opportunity for SaaS companies to go public should be viewed differently from the fortunes of consumer-facing Internet companies or other potential IPO candidates,” Marin Software CEO Chris Lien said. “There are some strong underlying reasons why the next generation of software companies is emerging.”

San Francisco-based Marin, which employs 330 people worldwide, generated $36 million in revenue and is expected to grow by over 50 percent this year, Lien said. In January, Singapore-based Temasek Holdings and SAP Ventures, the investment arm of SAP, became the latest investors in the company.
Marin Software is expected to choose bankers to underwrite its IPO in a few months, said Lien, who founded the company in 2006.

To be sure, one risk for investors in cloud-based companies could be the growing incidence of Internet security breaches, the most recent example of which came this week when social networking site LinkedIn and online dating service eHarmony revealed passwords of millions of online accounts had been compromised.

The Facebook debacle could also hurt the valuations these companies can hope to achieve in a public offering.

“High quality companies right now in today’s environment can go out and markets are open for business,” Rapid7 CEO Mike Tuchen said. “Facebook stumbling isn’t a window-closing event, though there will be more scrutiny to pricing.”

Tuchen declined to comment on his company’s IPO plans.

These challenges mean that many of these processes are likely to be dual-track, where the company explores both an IPO and a sale.

CollabNet CEO Bill Portelli said with his company generating cash and closing on a recent $4.5 million capital raise with existing investors, it is weighing all options equally – going public, being acquired or recapitalizing with a private equity firm.

Ruckus Wireless said it is “looking at all options.”

The other companies and the banks declined to comment.

Thanks to the Jobs Act these companies have little to lose in at least preparing for IPO filings. The law allows companies with less than $1 billion in revenue to file registration statements confidentially, giving them room to resolve any regulatory issues out of the public eye and even pull an offering without the stigma attached to a withdrawal.

AppSense, whose investors include Goldman Sachs, and Tableau had revenues of around $70 million in 2011. Rally Software posted revenue of about $50 million, Atlassian about $102 million and Ruckus about $120 million.

A test of investor appetite for business software companies could come as early as this summer, when Palo Alto Networks and ServiceNow, which filed to go public earlier this year, are expected to debut, sources familiar with the situation said.

Palo Alto declined to comment, while ServiceNow did not immediately respond to a request for comment.

Workday Inc, a business management software company, has hired Goldman Sachs and Morgan Stanley to lead its initial public offering later this year, sources previously told Reuters.

These offerings are expected to be among this year’s largest tech IPOs, and would follow the listings of other enterprise software companies, including Guidewire Software Inc, Jive Software Inc and Demandware, which all saw their shares rise after their debut.

“Enterprise software is extremely sticky,” said Tom Blakey, a tech portfolio manager at Boston’s Essex Investment Management, which manages $1.1 billion.

“If there is a maintenance stream attributed to the product, it’s recurring. You can start to see that there’s an intrinsic value to these revenue streams versus revenue that is derived from a network effect, such as certain business lines tied to social media-related companies.”

(Reporting By Nadia Damouni and Olivia Oran; Editing by Paritosh Bansal and M.D. Golan)

Image Credit: Shutterstock

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Money Centers of America Inc., acquires Landmark Group Holdings assets - YAHOO!

Money Centers of America, Inc. ( announced Friday that it had acquired the assets of Landmark Group Holdings. The deal includes Landmark’s proprietary software and contracts with properties in Washington, Idaho, California, Colorado, South Dakota, and Nevada. The company will continue to operate under the Landmark name as a subsidiary of Money Centers.

King of Prussia, PA (PRWEB) June 08, 2012

Money Centers of America, Inc. ( announced Friday that it had acquired the assets of Landmark Group Holdings. The deal includes Landmark’s proprietary software and contracts with properties in Washington, Idaho, California, Colorado, South Dakota, and Nevada. The company will continue to operate under the Landmark name as a subsidiary of Money Centers.

Washington based Landmark provides check guarantee, check verification, Title 31 / Currency Transaction Reporting, and on-line software applications to establish credit limits and monitor guests’ marker activities.

Landmark’s C4 software captures and stores check cashing, credit and debit card transactions and related credit information in a real-time, on-line environment. This product is designed to increase cash flow and minimize declined check requests on responsible guests. The Landmark system gives the client immediate and specific information including credit history and available credit.

Landmark and Money Centers describe this as an opportunity to grow a national database and consolidate software products for the cage.

“It is a data driven world today. Cashing checks, extending credit and processing cash advance transactions from the cage is the lifeblood of the casino. Having real-time transaction information not only puts money on the floor but also allows the casino to get better information on their customer’s available credit for marketing and player tracking purposes.” Landmark and Money Centers President Mark Wolfington said.

Money Centers Chairman and CEO Chris Wolfington says acquiring Landmark is a sign of Money Centers growth. “Since 1998, Money Centers has been providing cash access services and software that enables gaming operators to use the power of technology to increase profits and improve the customer experience. Adding Landmark’s technology and products is an extension of that mission.”

“We have worked with Landmark in the past year integrating our ONtime POS system with Landmark’s check guaranty engine. Landmark has a deep database and long history of cashing checks. By combining their West Coast presence with our locations we have created a national database. We are excited about the opportunity to own our own risk management software and have a fully integrated credit database.”

Lauren Anderson
Money Centers
Email Information

Money moving in PHL economy expands on relaxed policy -
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Business, labor leaders clash on assessment of legislative actions - Bangor Daily News

Business and labor groups say Maine’s latest legislative session had its ups and downs for their members, but union leaders say the downs were pretty deep.

The wrap-up of the 125th Legislature last week also marked the end of the first period in decades in which Republicans controlled the Blaine House, Senate and House of Representatives — and, so, the constitutional offices of state treasurer, attorney general and secretary of state.

Assessments of the session by organized labor and business leaders were, predictably, somewhat different.

“I think Maine people and workers were looking for policies that rebuilt the economy, [and] supported the middle class, and didn’t find that,” said Matt Schlobohm, executive director of the Maine AFL-CIO, which has about 30,000 members. “Instead, from the majority party, we got policies that squeeze the middle class harder, [and] side with insurance companies and big companies.”

Meanwhile, Dana Connors, president of Maine State Chamber of Commerce, said many of the priorities tackled by Gov. Paul LePage’s administration and the Legislature were in sync with key issues identified by a report issued by his group and the Maine Development Foundation, “Making Maine Work.”

“When you look at the two years, you can’t help but be impressed with the results,” he said. “I think it gives the business community the confidence that change is taking place, that priorities are being met.

“Maybe it means they invest in one more job, one more piece of equipment, and so much of consumer confidence is built on that investment,” he said.

Labor leaders saw setbacks when it came to bills passed in the last session that changed the workers’ compensation and unemployment insurance systems in the state.

“Workers definitely took it on the chin when it came to the rollbacks on workers’ comp, and the unemployment insurance bill,” said Chris Quint, executive director of the Maine State Employees Union, which has about 10,000 members.

Quint said cuts to the Department of Health and Human Services also hurt, noting the elimination of 91 jobs at Dorothea Dix Psychiatric Center in Bangor to deal with a decreased budget.

Schlobohm agreed, suggesting that the administration’s efforts seemed to focus largely on a trickle-down economic theory where benefits to larger businesses were seen to also benefit the middle class.

In addition to the bills Quint mentioned, Schlobohm noted passage of bills that repealed collective bargaining rights for child care workers and some farm factory workers.

There were some positives, Quint noted. Labor forces defeated bills that sought to privatize public sector functions, such as the inspection of amusement park rides, he said. And, he said, so-called “fair share” and “right to work” bills aimed directly at public- and private-sector unions were defeated.

And both Quint and Schlobohm said being forced to play defense brought memberships of both unions together — and saw greater cooperation between the two organizations, as well.

“We’re going to take that into the fall and make sure we elect those legislators who will stand up for working families in Maine, and stand against the governor’s attacks on workers which, from our estimation, won’t stop,” said Quint.

Business groups saw the changes to workers’ comp and unemployment as good things. While some in the business community have said the changes didn’t go far enough, Connors suggested the right balance was struck.

“Lasting, enduring change is based upon incremental success,” said Connors. “You can’t eat the apple with one bite.”

The latest session was the shorter one of the Legislature’s two-year term, noted Chris Hall, senior vice president for government relations at the Portland Regional Chamber. And it was right before an election season, he noted, and as such, no major policy shifts were expected.

On balance, said Hall, he saw more wins than losses in the last session. Part of LePage’s education reform package got through, said Hall, and he thought the policy changes regarding standards-based diplomas and teacher evaluations will have a positive impact on the state’s workforce skills gap.

The tax cut in LD 849 also was seen as positive by the business community at large, said Hall. Many Democrats, however, saw it as a backdoor way to pass a taxpayer bill of rights, which voters have rejected in the past.

John Porter, president and CEO of the Bangor Region Chamber of Commerce, agreed with Hall.

“It’s not much, but it’s symbolic and important to businesses that we start to work on that issue,” said Porter.

Hall said he thought advancement on reducing energy costs in Maine was “a miss” in the last session. And he was surprised there wasn’t more discussion in the State House about jobs, Hall said.

“That was a missing piece for me,” he said.

Connors and Porter said their members were disappointed with the governor’s vetoing of a $20 million research and development bond proposal. That veto was sustained by the Legislature.

“The governor had his reasons, but the truth of the matter is in a knowledge-based, technology-driven economy that we’re a part of, where 79 percent of our businesses employ fewer than 20 people, where innovation is a leading feature of any state’s gross state product, research and development is fundamental to any one of those,” said Connors.

Past investments have resulted in commercialization efforts, spinning research out into real companies in the Bangor region, Porter said.

“It’s really disappointing people didn’t have the vision to see that even if money goes to a non-profit, it’s ultimately an investment in the private sector,” Porter said.

Connors said a new law allowing employees to keep firearms in their vehicles at their workplaces was a negative for the chamber. And he said he was surprised the state didn’t do more with setting up a health exchange. Even if the U.S. Supreme Court strikes down the federal Affordable Care Act, it would have made sense for Maine to set up an exchange with the provision that it would die if the federal law died, he suggested.

On the whole, Hall said, continued efforts on regulatory reform, lowering taxes, reforming education are all positives.

“Now we have to start harvesting those things, and we also need to talk more about the investment climate, the demographic challenges facing the state, making sure we’re really freeing up the private sector as much as it needs to be,” said Hall.

French Business Confidence, Italian Output Fall - Businessweek

French business confidence and Italian output declined as recessions in at least six European countries weighed on demand and risked causing a quarterly contraction in France for the first time in three years.

Sentiment among French factory executives fell in May to 93 from a revised 94 in April, the Bank of France said today in an e-mailed statement. Italian industrial production dropped 1.9 percent in April from March, when it rose a revised 0.6 percent, Rome-based statistics office Istat said.

Confidence has stagnated all year, last showing an increase in December, and today’s reading suggests that France, Europe’s second-largest economy, will shrink 0.1 percent in the second quarter, the central bank said. With neighbors such as Spain and Italy already in recession and unemployment crimping demand at home, French executives are restraining costs and may hold off on investment.

Companies are in “a cautious mood given the weakening order books,” said Pierre-Olivier Beffy, chief economist at Exane BNP Paribas in London. “The rebound we initially expected in the second quarter” may not materialize and the possibility of a “negative quarter is increasingly likely.”

Stocks fell, the euro declined and oil headed for the longest weekly losing streak in 13 years after Federal Reserve Chairman Ben S. Bernanke damped expectations for monetary stimulus and German exports dropped. U.S. Treasuries and the yen rallied.

Stocks Drop

The MSCI All-Country World Index (MXWD) dropped 0.7 percent at 9:46 a.m. in Paris, paring its weekly gain to 2.4 percent. The Stoxx Europe 600 Index sank 1 percent, while Standard & Poor’s 500 Index futures lost 0.7 percent. The euro fell 0.6 percent while the yen gained versus all its major counterparts. Oil slumped 2.5 percent, poised for a sixth week of declines. The S&P GSCI gage of commodities tumbled 1.8 percent and gold fell 1.1 percent.

Italy’s economy, the euro area’s third-biggest, fell into a recession in the fourth quarter of last year just as Prime Minister Mario Monti pushed through 20 billion euros ($25 billion) in austerity measures to tackle the debt crisis. The nation’s joblessness rate of 10.2 percent is the highest in more than a decade and consumer confidence is at the lowest in more than 15 years amid Italy’s fourth slump since 2001.

Bracing for Impact

Policy makers across the globe are girding for a deeper impact from Europe’s debt crisis, with China cutting borrowing costs yesterday for the first time since 2008 and loosening controls on bank lending and deposit rate. Australia and Brazil have also lowered rates in the past eight days.

Gross domestic product in the 17-nation euro-area economy stalled in the first quarter as companies cut spending to weather the sovereign debt crisis, offsetting a gain in exports, the European Union statistics office in Luxembourg said June 6.

The European economy is struggling to gather strength after the need for new Greek elections and Spain’s worsening banking crisis heightened concerns that the single currency could splinter.

For French President Francois Hollande, the stalled economy presents a challenge after winning this year’s election on a promise to revive growth. After less than a month in office, he’s facing rising unemployment as companies from Air France-KLM Group (AF) to PSA Peugeot Citroen contemplate job cuts.

Order Books

“Industrial output fell back in May, notably in the car and metal sectors,” the Bank of France said today. “Factory use contracted and weakening demand has led to an erosion of order books.”

The Bank of France also said today that its gauge of service-sector demand fell to 92 from 93, its lowest since 2010.

Any drop in France’s growth rate would force the government to make deeper-than-expected cuts to meet its target of reducing the budget deficit to 4.5 percent of GDP this year and 3 percent next year.

“Hollande’s honeymoon will be brief,” said Joost Beaumont, an economist at ABN Amro in Amsterdam. “His biggest domestic challenge will be to restore order in public finances. It’s likely there will be fiscal slippage, given his optimistic growth assumptions and tendency to lean more toward raising revenues than cutting spending.”

Hollande, whose Socialist Party faces legislative elections on June 10 and 17, has promised to introduce a new budget to meet those targets in late June or early July.

To contact the reporter on this story: Mark Deen in Paris at

To contact the editor responsible for this story: Craig Stirling at

Cna Financial Corp : CNA Named Endorsed Insurance Carrier for Arkansas Bankers Association - 4-traders (press release)
06/08/2012 | 07:05am

CNA recently announced that, effective May 1, it has been named the endorsed insurance carrier for the Arkansas Bankers Association (ABA), the largest and oldest banking industry organization in that state. CNA's ability to handle the full spectrum of insurance needs for ABA members and its strong national market presence helped set the commercial insurer apart from the competition.

"CNA has a long history of understanding the insurance needs of banks of all sizes, and is proud to be named the endorsed insurance carrier for the Arkansas Bankers Association," said Mark Tomlinson, assistant vice president - Underwriting, CNA.

The CNA portfolio of essential coverages for financial institutions includes: Directors & Officers, Bankers Professional Liability, Lender Liability, Employment Practices Liability, Fiduciary Liability, Property & Casualty, Cyber Liability/Information Risk, and Fidelity Bond. Additionally, CNA offers a localized, dedicated customer service team - including claim professionals who are highly experienced in managing financial institutions claims. For more information on CNA's products and services for financial institutions, please visit

The ABA was established in 1891. It is the state's largest and oldest banking industry organization and represents more than 195 banks, bank holding companies, and savings & loan institutions. The ABA continues to be the leading advocate for the banking industry in Arkansas, providing services to assist its members in maximizing both their profitability and accountability. ABA's major areas of concentration include: advocacy with public and government bodies, education opportunities, and appropriate products and services for member banks.

Serving businesses and professionals since 1897, CNA is the country's seventh largest commercial insurance writer and the 13th largest property and casualty company. CNA's insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA's services include risk management, information services, underwriting, risk control and claims administration. Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products may not be available in all states and may be subject to change without notice. For more information, please visit CNA at CNA is a registered trademark of CNA Financial Corporation.

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Katrina Parker, 312-822-5167

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