PWA founder Wallace headed up the restructuring but was widely tipped to leave after the acquisition. However, he moved firmly last week to quash the rumours.
Wallace said of his expected departure: ‘I am not going anywhere and was not even aware of the rumours until recently.’
He added the restructuring was essential in order to move the company forward.
‘PWA will be leading the global HR and payroll product strategy for Great Plains. To do this effectively we need to maximise company strengths, like using multi-disciplinary regional teams to keep close and responsive to our customers.
‘Yet we also need to make positive adjustments like providing greater role clarity to increase our teams’ focus.’
Meanwhile fellow PWA founder Geoff Burch has been seconded from the commercial director position to general manager of HR/payroll for Great Plains global product team – becoming the first product general manager to work from Marlow.
PWA has also admitted it will change its name to Great Plains in the long term. But it is thought the company will first change its name to Great Plains/PWA.
The March acquisition of PWA – the parent company of PWC Personnel Systems – was designed to allow the companies to ‘offer a one-stop shop for integrated e-business software solutions to the mid-market’.
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season