Software Tender - Financial Management Information System

Looking to work on Software Tender? Find here new projects everyday.

ITMatchOnline.com is the easiest way to find right partners across the world.

Tender Details:

Type : Tender

Id : 89906928

Category : Software & Technology

Title : Financial Management Information System

Estimated Budget : Looking for proposals

Description :

We are College based in UK and we are inviting tenders from qualified and experienced service provider for Financial Management Information System. We, through this procurement of Management Information System are looking to provide budget holders tasked with managing their budgets a friendly software package which is designed for that task; to minimize the duplication of effort; to provide the monthly management accounts more quickly whilst still maintaining the credibility of the data therein and to review our procedures and simplify them where possible.

Functional Requirements:

1) Reporting
a) A fully integrated reporting tool which is user friendly and flexible in relation to the generation of new reports
b) Ability to view, develop and generate reports; and to export reports to our staff intranet
c) Process to hold summarized reports and update frequently and publish on staff intranet.
2) Budgeting and Coding Structures
a) Ability for budget holders to easily see what the budget was how much has been spent/income generated and what is remaining to spend/income to generate
b) Ability to generate budgets and to hold budgets at summary or detail level
3) Processing and Approvals
a) Processing of all transactions direct (Sales/Purchase invoices, Purchase Orders, Journals, Budgeting entries) to be on easy to follow screens, with automatic checks to minimize keying errors
b) Approvals process to be embedded for senior users to check and approve the work of junior users in relation to all processing of transactions e.g. Journals, Sales and Purchase Invoices, Purchase Orders.
4) Income (Sales Invoices and Customer / Debtor maintenance)
a) Ability to set up, categorize and handle new Debtors / Customers
b) Processing of sales invoices to have specific embedded checks to ensure correct VAT entries
c) Ability to email Sales Invoices direct to Debtor / Customer
5) Expenditure (Purchase Invoices, Orders and Supplier Maintenance)
a) Ability to set up, categorize and handle new Suppliers; processing of purchase invoices
b) Budget checking with flexibility
c) Ability to link Suppliers and Debtor/Customer accounts when it is the same organization for reporting purposes
d) Ability to easily report on spend within a date range of the paid date
6) Users of the system
a) Users of the system to have secure login and password
b) Ability to set up different levels of user with different access rights

We are looking for Best Proposals. Interested Service Providers can send their responses on or before December 11, 2009 by 12:00 Hrs (local time) on given address. This tender is Global and Offsite. Provider may have to visit our locations for meetings and briefings purposes.

Country : United Kingdom

Are you interested to work on this Tender? Post your contact details Now! Click Here

GE Aircraft Engines to outsource software from India

BANGALORE: Acknowledging India's prowess in information technology, GE Aircraft Engines has said it intended to develop software for digital electronic control systems for helicopter engines in this country as part of its long-term strategy.

The company's regional vice-president, T700 Sales, Asia-Pacific, Peter Gianonatti, told PTI here that India was known for its expertise in software and software development and GE's vision was to have software for such systems to be outsourced to India.

Gianonatti also revealed that his company was currently engaged in talks with Bangalore-headquartered Hindustan Aeronautics Limited on co-development and co-production of helicopter engines.

India was a much larger market than countries such as Singapore, Thailand, Malaysia, Korea and Japan, he said. "That's all the reason why we would like to be a significant contributor to this market and supplier of engines".

"Because of trade sanctions, we have not been here,” Gianonatti pointed out, adding, the company was currently engaged in studying the market in India to understand utility and attack helicopter needs in terms of engines that GE could supply.

Trying to make a hard-sell for T700 engines, he said 4,000 of them have already been sold to US military and militaries of other countries.

Article Source:

Compuware Acquires Privately-Held Gomez for $295 Million

Compuware Corporation, a company that has a global presence in the application performance management software segment, reportedly announced that it finalized a deal to acquire the privately-held Gomez, a participant in the Web application experience management market for $295 million.

The deal is expected to be close in November, company officials said.
According to Bob Paul, Compuware’s (News - Alert) president and CEO, Compuware and Gomez supply the industry’s sole unified application performance management solution, which have utility across both enterprise and internet.

“For business and IT executives who are moving more business-critical applications onto the Internet, Compuware can now offer unified visibility, isolation and resolution of application performance problems from the data center to the customer, Paul said in a statement. Competitive offerings only cover isolated portions of the Enterprise-Internet application delivery chain."

The Lexington, Mass.-based Gomez currently includes 272 employees in its global workforce. More importantly all of these employees, including its management team, will likely continue to work with Compuware once the acquisition deal is finalized.

Read More Article...

I-T Dept Conducts Searches at Software Firm Tulip

The Income Tax department today conducted searches at various premises of IT company Tulip Telecom for alleged evasion of taxes running into crores of rupee.

According to sources in the I-T department, searches are being conducted in at least six to seven premises in the national capital region by 40 officials.

A spokesperson of Tulip Telecom said he has "no official communication" on the incident and would not be able to comment.

Some survey operations related to the same firm were also conducted at Jammu two days ago.

Tulip Telecom is a data telecom service and IT solutions provider. According to the official website of the company, it has "revenues in excess of Rs 16,14.40 crore ($322 million) in the financial year ending 31st March 2009 and a market capitalisation in excess of Rs 2,131.50 crores ($426 million as on 31st March 2009)".

Tulip shares are listed on bourses. Its shares on BSE today closed at over Rs 954.90, a gain of over Rs 13 from its previous closing.

Tulip Telecom plans to launch value-added services, such as push mail and corporate internet services, for the corporate sector in a few months.

Source: http://www.business-standard.com

IT cos to pay tax on software purchases

BANGALORE: The Karnataka High Court has ruled that technology firms are subject to withholding tax - deduction of tax at source - when they purchase software from global vendors such as Microsoft. This would push tech firms and branded software distributors into a corner as they will be required to withhold anywhere between 10-20% of their software purchase payments in the future.

The division bench of Justice DV Shylendra Kumar and Justice Arvind Kumar pronounced the judgement on Thursday afternoon while upholding an appeal by the income tax department that tech firms were legally obliged to withhold tax on software purchases. The order is with retrospective effect.

The IT department argument was on the premise that any software purchase amounted to royalty payment for a licence to use it, and should not be deemed as a mere purchase of good that is excluded from withholding tax.

The order could impact branded software vendors such as Microsoft, their third party distributors like Sonata Software, hardware makers like Samsung and GE who bundles branded software with their products, tech firms like Infosys when they effect a licensing of software, or even the local arms of HP and IBM which could be licensing software from their parent.

This is the first court order that has gone against the taxpayer in Income Tax disputes relating to withholding tax on software purchase. In fact, the Karnataka High Court intervention came after the Income Tax Tribunal had ruled in favour of taxpayers prompting the department to go on appeal.

Read More Article...

Oracle Profit Rises 4 Pc in Q1, Revenues Drop 5.5 Pc

NEW YORK: Software major Oracle Corporation has reported a growth of four per cent in net income at USD 1.1 billion in the first quarter ended on August 31 this year, while it suffered a 5.5 per cent drop in revenues.

Total revenues decreased to USD 5.05 billion in first quarter 2010 fiscal from USD 5.33 billion in the same period last year, Oracle Corp said in a statement.

Analysts said the fall in revenues was due to companies slashing their expenditures and refraining from buying new softwares.

The software company's GAAP operating margins increased by 590 basis points to 34 per cent.

"By substantially improving operating margins, we were able to increase Q 1 earnings per share even though revenues decreased slightly," Oracle President Safra Catz said.

In addition, Oracle has declared a cash dividend of USD 0.05 per share of outstanding common stock to be paid to stockholders.

"Software licence updates and product support revenues grew 11 per cent to USD 3.1 billion for the quarter when adjusted for the change in the US dollar since last year,

"This growth, coupled with our disciplined expense management, was key to our ability to generate a record USD 8.5 billion in free cash flow over the last twelve months," Oracle Executive Vice President and CFO, Jeff Epstein said.

Source:http://economictimes.indiatimes.com/

Google developing software to aid newspapers

Search engine giant Google is developing a technology that will help newspapers in charging money from online readers.

In a proposal to the Newspaper Association of America, Google said it is working on a software that would help newspapers to charge money from 'micro-payment', a payment vehicle which would be available both to Google and non-Google properties within the next year.

"While we believe that advertising will likely remain the same source of revenue for most news content, a paid model can serve as an importance source of additional revenue. In addition, a successful paid content model can enhance advertising opportunities, rather than replace them," the company said.

It said in a statement that it will mitigate the risk of non-payment by assigning credit limits based on past purchasing behaviour and having credit card instruments on file for those with higher credit limits and using proprietary risk engines to track abuse or fraud.

Read More Article...

Software Budgets May Grow Faster Than Overall IT Spend

Business establishments in the Asia Pacific region are expected to spend the highest amount on new software in 2010, though they are expected to continue to be conservative with their IT budgets.

According to a recent survey by analyst firm Gartner, organisations in the Asia Pacific plan to increase their software budgets by 4.4 per cent on an average, while their overall IT budgets were expected to decline 3.1 per cent on an average. The average expected increase in the software budget by organisations in the Asia Pacific region is higher than all other regions surveyed, including Europe, West Asia and Africa, North America and Latin America, the research firm said.

Gartner surveyed 323 IT managers in Australia, Singapore, Malaysia, China, India and Hong Kong, as part of a worldwide survey of 982 respondents. Respondents were asked if they expected their 2010 IT budget to be below, the same or exceed their IT budget for 2009.

India-based respondents were the most optimistic, with the highest number of respondents intending to increase their IT budgets in 2010 (42 per cent), followed by China (32 per cent). However, Malaysia-based respondents remain pessimistic, with the largest number of respondents intending to cut their spend (52 per cent).

“For most organisations, the budgeting process happens once a year, but adjusting the IT budget is a continuous exercise driven by economic conditions and changes in the business,” said Gartner research director Yanna Dharmasthira.

“In the midst of economic volatility, hardware budget allocation remains the top priority in most countries, but software budgets are a real bright spot and continue to demonstrate a positive outlook, although more cautious than last year’s survey,” Dharmasthira added.

Software is expected to represent the second-largest portion of the IT budget in most countries, with the exception of India where software and hardware spends are roughly equal, and Australia. In Australia the spending is notably higher on IT staff. India is the most aggressive with the highest software budget allocation (26.9 per cent), followed by Singapore (25.8 per cent), Malaysia (24.1 per cent) and China (23.1 per cent), it added.

Read More Article...

Software Exports to Grow In Double Digits

Chandigarh: India is expected to clock double-digit growth in the software and IT enabled services (ITeS) exports next year as the U.S. and other markets are recovering from the meltdown, a top official of the trade association NASSCOM said here Thursday.

"We are expecting IT exports to grow in double digits as the software markets of the US and other countries are recovering well. These markets became sluggish due to the financial meltdown but now things have started improving," NASSCOM chairman Pramod Bhasin told reporters.

He was speaking on the sidelines of 'e-Revolution 2009', a flagship forum of this region jointly hosted by the governments of Haryana and Punjab and the Chandigarh administration in association with NASSCOM and Software Technology Parks of India (STPI).

"In 2009-10, the Indian market has grown by merely four to seven percent and the software exports from India have been around $48 to 50 billion. Whereas in 2008-09, it increased at 16 percent and was at $46.3 billion," said Bhasin, who is also the chief executive officer of Genpact.

Emphasising on improving skill-sets the work force, Bhasin added: "At present the IT industry can employ only eight to 10 percent of the total graduates due to their lack of required skills. There is a need for an updated curriculum and industrial training to hone the entrepreneurial skills and talent of our youngsters."

Read More Article...

Software Exports from State Go Up

CHENNAI: Despite the global recession, Tamil Nadu saw a 29 per cent increase in the export of software products during 2008-09, Chief Minister M. Karunanidhi said on Thursday.

In value terms the exports in 2008-09 rose to Rs.36,680 crore from Rs. 28,426 crore the previous year, he said, launching through video-conferencing the activities of the Information and Communication Technology Academy, an initiative of the Confederation of Indian Industry, that is supported by the Central and State governments.

The increase was possible because of an exclusive policy formulated by the State government for the IT sector, he said.

Mr. Karunanidhi said 2.5 lakh persons had got employment in the IT sector in the State during 2008-09. “This is a knowledge sector and hence special training for college teachers will benefit students ultimately,” he said.

In the next two to three years, the Academy would train around 5,000 teachers across the State. About 2.5 lakh students across Tamil Nadu would benefit.

The Chief Minister said the Centre was giving Rs.6 crore as assistance to the State to conduct the training programme. Of this, Rs.4 crore had been sanctioned for the first phase.

Read More Article...

Bangalore Software Exports Grow 32%

Software exports from Bangalore is expected to grow by 32-33 per cent during the current fiscal.

This is against a projected growth of 28-29 per cent, according to B.V. Naidu, director, Software Technology Parks of India-Bangalore. Software exports from Bangalore stood at Rs 12,350 crore during 2002-03 as against Rs 9,903 crore in 2001-02, and Rs 7,475 crore in 2000-01.

Speaking at the inauguration of i-flex park, Naidu expressed happiness on the robust growth that Bangalore had witnessed in the current fiscal.

“Nearly 131 new companies have started their operations in Bangalore during the current fiscal. These companies have invested a total of Rs 1800 crore,” he said.

Source: http://www.business-standard.com/

7 Reasons to Avoid Windows 7

Windows 7, which hits stores in October, is shaping up to be the best version of Microsoft’s widely used operating system yet.

But nothing’s perfect. Windows 7, like any product, has flaws — some of them big ones. Wired.com on Tuesday laid out a list of good reasons to upgrade to Windows 7, including an enhanced user interface, improved compatibility with newer hardware and a seamless entertainment experience. (For even more background, see our first look at Windows 7.)

Now let’s look at the other side of the story: The reasons you might consider skipping this upgrade altogether.

Upgrading From Windows XP Requires a Clean Install

If you’re a Windows XP user, upgrading isn’t as easy as inserting a disc and running the installation. Instead, you must back up your applications and files, wipe your hard drive and perform a clean install of Windows 7. After getting Windows 7 up and running, you must either manually reinstall your software and repurpose your file library or trust Microsoft’s Easy File Transfer to migrate your files for you.

Read More Article...

Palm releases Pre SDK

The long-awaited Palm Mojo Software Development Kit, for building applications for the Palm Pre device and the webOS platform, is now generally available, a Palm blogger said on Thursday.

The kit is available at this Web page to any interested developer, with documentation and Mojo developer forums available also.

"The initial response to Palm webOS apps -- from both developers and customers -- has been enthusiastic," said Jon Zilber, Palm director of online communications, in a blog entry on Thursday. "Even in its initial beta stage, over 1.8 million apps have been downloaded from the beta App Catalog since Palm Pre was released less than six weeks ago. Thousands of developers have participated in the Mojo SDK early access program since it began in early April. New applications are in the pipeline for the Palm App Catalog, and the App Catalog submission process will be opened to all developers beginning this fall."

Read More Article...

C-DAC Releases Language Enabling Software

PUNE: Now, the Microsoft Office tool can be used in 19 different languages with the help of a software developed by the Centre for Development of
Advanced Computing (C-DAC). With over 20 years of pioneering research in language technology, C-DAC, through its Graphics and Intelligence based Script Technology (GIST), has developed intelligent script manager (ISM) V6, which has features like spell check, synonyms and a dictionary in multiple fonts.

Very helpful in the publishing industry, the software will work exactly as Microsoft Office tools work, but in 19 various languages. Speaking to TOI, Mahesh Kulkarni, head of the GIST group said, "ISM V6 will cater to diverse user requirements from word processing, database applications, web based applications, publishing and even custom built software. Whatever applications are available in Microsoft Word, will be available in Indian languages with this software."

All the user needs to do is install this software in the desired operating system and work on it. The keyboard for the languages will also come with a software kit which will be inbuilt.

The software supports Assamese, Bengali, Gujarati, Hindi, Kannada, Marathi, Malayalam, Oriya, Punjabi, Sanskrit, Tamil, Telugu, Manipuri, Nepali, Konkani, Bodo, Santhali, Maithili and Dogri, besides English.

Read More Article...

Apple Preps iPhone 3.1 Software

Only two weeks after releasing 3.0 firmware, Apple is giving developers the next version that includes improved voice controls, more APIs, and improved video editing.

Apple's work on the iPhone's operating system continues. Weeks after the release of version 3.0, it has given developers a software development kit for the 3.1 version of the software.

The company just released the 3.0 software to the public two weeks ago, and it brought features such as cut and paste, a push-notification system, and Spotlight search to iPhone and iPod Touch owners. The updated firmware was also preloaded on Apple's iPhone 3GS, which sold over a million units in its debut weekend.

The iPhone SDK 3.1 was delivered to developers Tuesday, and it offers a handful of new features. One of the appealing factors of the iPhone 3GS is its ability to record, edit, and upload videos with its 3.2-megapixel camera. The latest firmware will enable users to trim videos without losing the excess parts, and will give third-party applications access to the video editing software.

Another new aspect of the 3.1 SDK is the ability for the iPhone 3GS to use voice control functionality over Bluetooth. This means users will be able to use various Bluetooth headsets for voice dialing, or to give audible commands to play music. Additionally, developers said the new SDK has various small user interface improvements, and more tactile feedback when moving applications.

Read More Article...

Outsourcing Software Development to Reduce Cost up to 40% to 60%

Outsource Software Development Projects FREE. Get competitive cost from Professionals, Get Strict Quality Control & On-Time Delivery

Outsourcing Software Development involves shifting of software development activities by a company to third party service vendors or software firms that may be located in offshore destinations. ITMatchOnline’s members providing Software Development services offer a creative array of solutions from 'concept to implementation'. Outsourcing Software Development can save you time and money if you know what you need. This is a specialized task that involves huge investments and a specialized workforce. Outsourcing software development could give the companies a chance to develop software at a lower rate, employ specialized labor at a cheaper cost, promote software research and save time. This is the reason why most companies decide to outsource their software development activities to offshore destinations.

Whether you need a dynamic, database-driven website or a fully functioning e-commerce website ITMatchOnline associated outsourcing service providers have the creative talent and technical expertise to accommodate your company's web development needs. Any software company can save about 40% of its expenses by outsourcing an application development project overseas. There is no doubt that Outsourcing Software Development is the most effective way to stretch your budget. The traditional approach to outsourcing development projects typically follows a single strategy. You begin by negotiating a contract, which may be based on previously defined requirements or may include the effort of gathering, documenting and validating fresh requirements. The service provider then works to your requirements to develop the system. Regular communication helps resolve potential misunderstandings.

Read More Article...

Pirated software not worth the risk

SMALL and medium businesses in Singapore are persistent users of illegal software, according to an annual report from anti-piracy group, Business Software Alliance (BSA).

Despite relentless efforts by the BSA to stamp out the problem by prosecuting both purveyors and users of illegal software, piracy caused dollar losses of approximately US$163 million (S$239.6 million) last year.

Businesses use pirated software because it is cheap.

For many business users, proprietary software with its user licensing structure continues to be prohibitively expensive.

Beyond the upfront cost of software purchase, there are support and upgrade costs that add to the total cost of ownership.

For a small and mid-sized business, the cost of using a suite of desktop productivity software and basic business applications - such as an inventory management system and a customer relationship management (CRM) application - could be a burden once the purchase price, ongoing licensing and support costs are taken into consideration.

Read More Article...

Software pirates pinpointed on Google Map

PORTLAND, Ore. — Software vendors fed up with software piracy have responded by beefing up their licensing and activation procedures, only to have pirates crack their code again.

A company called V.i. Laboratories Inc. is proposing a new approach called CodeArmor Intelligence, which embeds stealth algorithms inside programs that "phone home" with information about the unauthorized usage of software, including their Internet domain and even a company location on a Google Map.

"We go after organizations that are using illegal software, giving rewards of up to a million dollars to insiders that report and help us document misusage," said Keith Kupferschmid of the Software and Information Industry Association. "But with V.i. Labs' new technology, organizations can potentially generate high-quality leads to recover revenue from businesses using pirated software without insiders."

Software industry groups offer legal services to vendors using the new anti-piracy tool, helping them to recoup income lost due to piracy by pressuring companies using unlicensed software to pay licensing fees.

"Often we are not dealing with companies that use pirated software, but rather ones that purchase 10 copies legally, but then load it onto 50 people's machines," said Kupferschmid.

EDA software tools and other expensive software tools for engineers have been hard hit by piracy. V.i. Labs charges vendors $50,000 or more to monitor its programs, providing daily reports on unauthorized usage.

Read More Article...

IBM Targets SMBs with New Software

Information technology giant IBM has teamed up with finance management software vendor Intuit Inc to launch an appliance in the United States that eases the business operation of small and medium-sized enterprises.

The appliance, the “Smart Cube,” is in fact designed to capitalize on the growing need for technology in the small and medium business sector. Moreover, the launch came at a time when the U.S. stimulus bill is set to offer financial support and subsidy for smaller enterprises investing in technology.

The Smart Cube is bundled with applications like email, calendaring, security, accounting tools and finance management software.

IBM says it has been inspired to launch such a package in the United States following the success of similar offerings in India.

There is another reason to launch such a package, according to IBM. The IT major has cited a recent study report from IDC (News - Alert), which estimated that the global market for small-business technology will be worth $675 billion by 2013.

IDC had even suggested that combining hardware, software and services in a single product could be an ideal way to attract the attention of small enterprises.

Read More Article...

Oracle Wanted Sun's Software Unit Only, Records Show

Larry Ellison's protestations to the contrary notwithstanding, Oracle may have been forced to buy the whole company to close deal.

Despite CEO Larry Ellison's claim that Oracle (NSDQ: ORCL)'s acquisition of Sun Microsystems (NSDQ: JAVA) will give his company the ability to construct unmatched business systems that are integrated from "applications to disk," Oracle originally sought to acquire only Sun's crown-jewel software assets while leaving its declining hardware unit to the vultures, according to a regulatory filing.

Oracle on March 12 "sent a letter to our board proposing the acquisition by Oracle of certain of our software assets, a minority equity investment by Oracle in our common stock, and entering into certain strategic relationships," Sun said in a filing Monday with the Securities and Exchange Commission.

The ultimate outcome of the negotiations differed greatly from Oracle's original offer. Oracle on April 19 struck a deal to acquire all of Sun -- including its aging line of Solaris-powered Sparc servers -- for $7.4 billion, or $9.50 per share.

So why did Oracle agree to a big-bucks deal for a vendor that derives most of its sales from a declining box business? The SEC filing shows that Oracle's hand may have been forced by IBM, which was engaged in its own merger talks with Sun earlier this year, and by yet another vendor -- possibly Hewlett-Packard.

Sun's filing notes that in addition to Oracle, its springtime suitors included "Company A" and "Company B." A is widely believed to be Big Blue, while B, most logically, is HP. It thus appears that Oracle grudgingly acquired Sun's hardware line just to get its hands on the ubiquitous Java Web development platform -- and keep it from IBM (NYSE: IBM)'s possession.

Read More Article...