|
|
03 Aug 2007
The accounting scandal that hit NHS software supplier iSoft last year hurt the company in its efforts to sign up new customers, its acting boss has revealed.
Chairman and acting chief executive John Weston said: 'Signing up new customers was difficult with the situation around the company last summer.
'You've got people speculating whether the organisation is going to be around in three months, if you are thinking of putting major elements of your healthcare operations in that company you're going to think twice. That has got somewhat better in the second half.'
His comments came as iSoft reported pre-tax losses of £22m for the year to April, compared with £344m last time.
The accounts were qualified by auditors Deloitte because of the FSA investigation and significant doubts over the group's ability to continue as a going concern.
Further reading:
CompuGROUP UK agrees £160m
offer for iSoft
Ex-Torex chairman may be FSA's iSoft witness
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment