The FASB issued two rules (EITF 08-01 and EITF 09-03) that modify revenue recoginition procedures for affected firms which begin their fiscal year after June 30, 2010.
Disclaimer: ERP Cloud News does not advise on any income tax requirements or accounting issues. Use of any information from this site or any other web site referred...
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The New Directive for Nonprofits and Government Contractors
“Starting October 1, 2010, government agencies will start enforcing a new President’s directive signed this month on April 9th, requiring sub-award reporting pursuant to P.L. 109-282 the Federal Funding Accountability and Transparency Act. This is a direct result of continuing efforts to achieve higher levels of accountability,...
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An ongoing problem in IT organizations is the fact that critical information is often stored in an “unstructured” format. From a database perspective, unstructured data is anything that cannot be stored in rows and columns and must be placed into BLOBs (binary large objects). From a business perspective, this can include emails, word-processing documents,...
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Software-as-a-Service (SaaS) allows customers to purchase software and services on-demand. SaaS differs from traditional software deployments where customers typically purchase a software license which they can deploy according to their needs (on a server, in a private cloud, on an external cloud, etc.)
Software-At-Your-Service is a flexible software licensing and deployment model that allows customers...
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On September 10, we noted the tensions between SaaS vendors and traditional VARs (value added resellers). Today, we discover that the SaaS vendors are still on the offensive. This is evidenced by Zach Nelson, CEO of NetSuite, predicting disaster for traditional resellers.
Why VARs will Continue to be Important
1. VAR Sources of Revenue.Nelson predicts...
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Selecting a licensing and deployment model for your ERP or accounting software does not have to be stressful. Pick a vendor which allows you the freedom to switch as your needs change. If you are just getting started, the table below provides some guidance as to which model will work best for you.
Cost Criteria
SaaS Option
Perpetual...
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The Goal:
Saving money is a key component of cloud computing.
Cloud computing can be implemented internally or externally. As mentioned in several articles, cloud computing can benefit businesses through rapid scaling, paying for only the services that you use, reducing hardware purchases, and dynamically allocating computing loads.
Running applications on a cloud computing service can save...
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Clients demand web-based solutions, but can value added resellers (VARs) make money with SaaS models?
SaaS provides have declared war on value added resellers (VARs) that specialize in accounting, ERP, and CRM solutions. There is no official declaration, but here are some manifestations of the war:
Direct selling versus partnerships. Application providers that sell SaaS do...
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