Just read that the head of chief of staff in North Korea has been executed. The following memory was delivered to his successor: "We've got good news and bad news. The good news is you've been named head of the army. The bad news is your execution is scheduled for next year. ... Federal prosecutors have decided upon an appropriate punishment for the militia that occupied an Oregon wildness area. They will be sent to bed without their supper. ... This week's test is to talk about all the great Super Bowl ads and try to remember what they were advertising.
Open Systems has formed a partnership with AvidXchange to integrate with the latter's AP payments applications. The agreement will provide the ability for Open System's Traverse users to access AvidXchange's AvidPay payment system. The companies plan to provide joint activities, such as educational webinars and conferences. Open Systems says AvidPay can be implemented with relative speed and all AvidXchange products come with a 45-day implementation guarantee. Based in Charlotte, N.C., Avid last year completed $225 million in minority growth financing led by Bain Capital Ventures.
Blackbaud reported that net income dipped to $25.6 million for the year ended December 31, down 9.4 percent from $28.3 million in 2014. The nonprofit software company reported revenue of $637.9 million for the most recently ended year, an increase of 12.8 percent from $564.4 million the prior year. CEO Mike Gianoni said in a prepared statement the company was pleased with results in the fourth quarter, especially considering the fact that it was a transition year as the company began marketing its Raisers Edge NXT and Financial Edge NXT cloud products.
Xero has integrated its low-cost accounting software with Microsoft Power BI. The New Zealand-based cloud software vendor says the link will provide its users with an easier way to access and analyze information from Xero and other Available next month, the link to the analytics means users can create data visualizations of the most commonly tracked 25 small business metrics, including cash position, revenue versus expenses, profit/loss trend, debtor days and return on investment.
A version of Sage Live for the Apple iOS platform has been announced by Sage and Apple. And outside of the lot of nice quotes, the press release about this topic was lacking in a lot of detail. The more interesting statement is Sage Live will be sold through the Apple ecosystem. VARS are already wondering if there is any money they can make with Live. If Sage begins broadening distribution a lot, it is hard to see what future resellers might have. One of the real questions to be answered is the overall Sage product strategy.