News

Banks Focus on Psychological Aspect of Y2K Concerns

While the banking industry scrambles to ensure the Y2K bug is an insignificant worry come Jan. 1, 2000, the psychological aspects connected with Y2K are now surfacing as a valid concern.First and foremost in discussions are automated teller machines (ATM), which have created worry among banking customers because they are one of the most commonly used technology-related banking symbols.
Technology

ACCA Accuses Business Software Alliance of Intimidating Small Business

The Association of Chartered Certified Accountants (ACCA)has taken the unusual step of advising small companies to throw away a threatening letter from an organization representing some of the world's biggest software companies.
Practice Management

Report Finds Customer Relationship Management Growing Practice For IT

A report released today by the Aberdeen Group finds that Customer Relationship Management (CRM) is one of the major growth areas for information technology professional services firms.CRM is second only to e-commerce in the fastest growing practice area in the industry, according to the report, A Guide to Customer Relationship Management Professional Services: 1999 Edition.The report provides descriptions of CRM services and associated IT companies.
Technology

Solution To Address FAS Statement No. 133 Announced Today

Companies can now interpret and comply with FinancialAccounting Standards Board Statement No. 133 (FAS 133) withthe first available enterprise treasury solution.PeopleSoft will deliver its PeopleSoft Treasury Management the second quarter of 2000. The software package is a comprehensive solution enabling organizations to track, manage and report derivatives and related hedged items.FAS 133 applies to all entities and to all type ofderivatives and is effective for all fiscal quarters offiscal years beginning after June 15, 2000.
Technology

Program Helps Accountants Advise Clients and Connect to the Internet

Get up-to-date information on the latest product releases and new services with this new program. But wait! That's not all…Peachtree software announced today the availability of an exclusive program for public accountants.
Technology

Employers Find Help For Hiring Risks

The number of lawsuits associated with hiring new employees is increasing at an incredible rate and now accounts for more than one in 10 employment suits in the United States.
Technology

Watch for Possible Y2K Bug in Excel Software

PC Week reports this week that a Boston-based technology management consulting company has found that an Excel year 2000 error causing drastic math errors went undetected by a handful of Y2K analysis tools.Unless users of Microsoft Excel download scanning tools from the company's Web site, their spreadsheets could go haywire when they open their files on at New Years Day.
Technology

AOL Releases New Instant Messenger Software

America Online Inc. released a new version of its Instant Messaging software that includes features like stock tickers and graphics transfers. The new version of AOL's service, now available for download, allows users to watch continuously updated news and stock quotes and choose a screen name up to 16 characters in length. The company announced it will also help users set AOL Instant Messenger (AIM) as their default messaging program.
Technology

PricewaterhouseCoopers Launches Second Generation of its Intellectual Property Exchange

PricewaterhouseCoopers (PWC) launched the upgraded e-business version of its Web site, The Intellectual Property Exchange (IPEX). The IPEX assists intellectual asset management (IAM) professionals in search of intellectual property acquisition, joint venture and licensing opportunities.

Fed Raises Short-Term and Discount Interest Rates a Quarter Percent

Predictions that the central bank would raise rates proved true as the U.S. Federal Reserve announced on Tuesday quarter-point increases in both the federal-funds target rate and the discount rate. Spokespersons for the Fed say the bank is maintaining its "neutral" bias toward any future rate changes.Also raised were the federal-funds target rate - or the rate at which banks lend to each other overnight - to 5.25 percent from 5 percent.
Practice

Cut staffing costs

Staffing can be one of your highest cost centers. Manage this expense and you'll be on your way to preserving one of your firm's most valuable assets and getting more bang for your buck. Increase training, increase retention. Commit to an employee development program and you might just increase employee loyalty. Employees respond to employer sponsored programs that make an investment in their technical, professional and personal skills. From presentation skills to management training, you have lots of ways to show employees that you are willing to invest in them. Take it outside.
Practice Management

Planning for Disaster

Is your firm prepared for a disaster? From hurricanes to earthquakes to fire, disasters come in all forms and no business is immune from their wrath. Know the basics and protect your firm's resources. Have a plan. While you can't avoid a disaster, you can certainly be prepared in case one strikes. Ensure you have backup copies of firm records and a plan to recover them once the disaster is over. Consider offsite storage so you can get your hands on important data quickly. A recovery action plan can also help guide you and your employees. Get covered.
Technology

Deloitte & Touche Teams to Provide Enterprise Software Solution

Hewlett Packard, Deloitte & Touche and QAD announced they have formed an international beverage focus team to help beverage manufacturers and distributors answer their industry-specific enterprise software needs in the areas of e-business, food safety compliance, manufacturing agility and brand management.The team is offering beverage companies a joint solution that provides tight integration of QAD applications and other best-in-class beverage software with HP servers and consulting services
Technology

PSINet Signs Deal to Acquire Transaction Network

Internet service provider PSINet Inc. has signed a definitive agreement to buy Transaction Network, a provider of data communications and electronic commerce services. PSINet said it would buy the processor of sales over the Web for a $720 million cash-and-stock deal.Transaction Network runs a network used by U.S. credit card processors that has reportedly experienced rapid growth this year.
Technology

New Quicken Products Help Consumers Make Better Financial Decisions

Intuit, Inc. has introduced its new Quicken 2000 software product line with components designed to help consumers make better investing decisions and plan for the future. Quicken Deluxe® 2000 for Windows and the rest of the Quicken 2000 product family arrive at a time when investors have seen more than $1.3 trillion in stock market wealth vanish during the massive stock correction this summer.
A&A

European Banks Offering Online Services Nearly Doubles

European financial institutions are turning to the low-cost alternative of Web-based accounts to gain market share.A report on deregulation and restructuring in the region revealed the number of European online banking sites nearly doubled in the last six months, climbing to 1,265 from 703. By way of comparison, the number of U.S.

Consensus Says Feds Will Raise Interest Rates Today

Word on the street says it's a certainty. Analysts, economists and investors expect Federal Reserve Chairman Alan Greenspan to raise short-term interest rates a quarter notch to 5.25 percent.

Are You On Information Overload?

It's the information age and you are being inundated by information, right? Two major sources of incoming information are email and the Web. Fortunately, there are software programs that can help you put some organization back into your electronic life. Your choices are abundant, including many email programs that are free on the Net. But wait!
Technology

Fed Ratifies Electronic Bank Statements

Under an interim rule approved by the Federal Reserve, banks will be able to transmit regular deposit account statements by email or make them available on their Web sites for customers who request electronic delivery. The regulation will most likely go into effect later this month.
Technology

Student Becomes First Convicted Internet Pirate

A University of Oregon student has become the first person convicted of a felony under the No Electronic Theft (NET) Act of 1997. The law punishing Internet copyright piracy states that anyone who distributes 10 or more copyrighted works with a value of more than $2,500 can face up to three years in prison and a fine up to $250,000. According to the Justice Department, Jeffrey Gerard Levy, 22, admitted in January 1999 that he had illegally allowed the general public to download and copy copyrighted music, movies and software programs on his Web site. Levy will be formally sentenced Nov.

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