Pegasus profit drop
Kettering-based accounting and taxation software house Pegasus improved its turnover by 20% to #15m in the financial year to 31 December 1998, but pre-tax profits slipped 45% to #928,000. The company blamed the fall on R&D costs, which more than doubled in the year, to #4.4m. Pegasus said some of the investment is in a new modular package for SMEs to be launched later this year.
Financial groupware Collins Associates has developed a suite called OpenOffice financial groupware that connects Lotus Notes to accounts databases. The suite includes contact management, time sheets, expense processing and purchasing functions, and runs on Windows CE palmtop.
Web-based consolidated Great Plains Software is now shipping Enterprise Reporting 5.0. The new version allows subsidiary groups to file results to a central database via the Web. The program offers a companion Enterprise Reporting Analyzer that can be used to present and examine the consolidated accounts.
Software for new tax yearTransaction Technology is now shipping Iris 99 – an update of its taxation package – for the new tax year.
It offers a new capital assets module and supports tapering relief calculations for capital gains tax. The tax-rule changes are mirrored in the companion Iris Accounts Production package.
Flash faxing for ERP Automatic faxing from within Enterprise Resource Planning applications must be the latest fad. Kommunicate has just released a RightFAX module that handles faxes direct from SAP’s R/3 modules, while SSA’s AS/400-based ERP system sports a similar program from Omtool.
1999 IT directoryThe IT Suppliers 1999 CD-Rom is now available from Learned Information.
The directory of over 3,700 hardware and software companies is available as a #95 ‘finder’ version or a #195 ‘profiler’ edition with more advanced search functions.
Payroll news on the Web Gee Publishing has introduced a new CD-Rom and Web-based service for payroll managers. For a #550 annual subscription, the Payroll FactFinder provides information on the latest legislative changes and other developments affecting payrolls. The CD-Roms are despatched every two months, and the online service updated daily.
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
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Company bosses are considering relocating operations or headquarters away from the UK following the country's decision to leave the European Union