JBA cuts back staff
JBA, the Birmingham-based ERP vendor, is to cut 8% of its workforce worldwide as part of a restructuring programme as predicted by Accountancy Age (IT File, 10 June). The job cuts follow disappointing results for 1998, which showed pre-tax profits declined to £1.7m, compared with £5.2m the previous year. As part of its restructuring JBA will focus on four key industry areas including footwear and food and drink.
Revenue boost for Great Plains Great Plains, the US mid-market financial software specialist, announced an increase in revenues of 53% for the year ended 31 May 1999. The robust growth reflects the mid-market software boom which appears to have by-passed high-end giants such as SAP and Baan. Operating income for Great Plains also rose sharply – up 42% from the fourth period in the previous year.
Forecast with Sage As well as a new mid-market product, Sage has launched Sage Forecasting. The program allows small practices and business to produce balance sheets and cashflow forecasts for up to 36 months. Users can also drill down through information in reports and transfer data to Microsoft Word and Excel. It is priced at £200, excluding VAT.