Comments on: Top Sage Partner Goes Out of Business – Leaves Hundreds in The Lurch http://www.erpsoftwareblog.com/2009/07/top-sage-partner-goes-out-of-business-leaves-hundreds-in-lurch/ Microsoft Dynamics vendors provide comparisons and opinions to professionals in the ERP/Accounting software selection process Tue, 07 Feb 2012 12:12:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Anya Ciecierski, CAL Business Solutionshttp://www.erpsoftwareblog.com/2009/07/top-sage-partner-goes-out-of-business-leaves-hundreds-in-lurch/comment-page-1/#comment-134 Anya Ciecierski, CAL Business Solutions Wed, 29 Jul 2009 02:09:41 +0000 http://www.erpsoftwareblog.com/?p=643#comment-134 This ChannelWeb article (http://www.crn.com/it-channel/218600874;jsessionid=D5Z3XFGN0AXESQSNDLPCKHSCJUNN2JVN) gives some interesting detail: "Johnson (a Sage VP), provided more insight into what happened at MIS Group. The company was highly leveraged, having made a number of acquisitions, and was operating a capital-intensive business that included hardware, software and services. Sage had been aware for some time that MIS Group was struggling and had been working with the company to help with its cash flow problems. But MIS Group shut down on Monday, July 6, and Johnson said Sage only became aware of its plans the evening before." This ChannelWeb article (http://www.crn.com/it-channel/218600874;jsessionid=D5Z3XFGN0AXESQSNDLPCKHSCJUNN2JVN) gives some interesting detail: “Johnson (a Sage VP), provided more insight into what happened at MIS Group. The company was highly leveraged, having made a number of acquisitions, and was operating a capital-intensive business that included hardware, software and services. Sage had been aware for some time that MIS Group was struggling and had been working with the company to help with its cash flow problems. But MIS Group shut down on Monday, July 6, and Johnson said Sage only became aware of its plans the evening before.”

]]> By: David Griffinhttp://www.erpsoftwareblog.com/2009/07/top-sage-partner-goes-out-of-business-leaves-hundreds-in-lurch/comment-page-1/#comment-93 David Griffin Mon, 20 Jul 2009 12:43:23 +0000 http://www.erpsoftwareblog.com/?p=643#comment-93 There may have been a time when a strategy for success may have included "market share" and growth at all costs. If those costs are financed by acquiring large debt, MIS is an example of what may occur. In this economy companies that have acquired large debt to finance operations are those that may not survive. We see that in the news every day. Rapid growth is seductive, sustained moderate growth due to market knowledge, professional ethics, and high quality service is sustainable. Even in todays economy. There may have been a time when a strategy for success may have included “market share” and growth at all costs. If those costs are financed by acquiring large debt, MIS is an example of what may occur. In this economy companies that have acquired large debt to finance operations are those that may not survive. We see that in the news every day. Rapid growth is seductive, sustained moderate growth due to market knowledge, professional ethics, and high quality service is sustainable. Even in todays economy.

]]> By: | ERP Software Bloghttp://www.erpsoftwareblog.com/2009/07/top-sage-partner-goes-out-of-business-leaves-hundreds-in-lurch/comment-page-1/#comment-87 | ERP Software Blog Thu, 16 Jul 2009 22:19:26 +0000 http://www.erpsoftwareblog.com/?p=643#comment-87 [...] that I see so many complaints against Sage I am not surprised that the #1 Sage reseller just went bankrupt.  And I also see why Microsoft is really targeting Sage users hard core – offering some of [...] [...] that I see so many complaints against Sage I am not surprised that the #1 Sage reseller just went bankrupt.  And I also see why Microsoft is really targeting Sage users hard core – offering some of [...]

]]> By: Anya Ciecierski, CAL Business Solutionshttp://www.erpsoftwareblog.com/2009/07/top-sage-partner-goes-out-of-business-leaves-hundreds-in-lurch/comment-page-1/#comment-67 Anya Ciecierski, CAL Business Solutions Thu, 09 Jul 2009 02:38:26 +0000 http://www.erpsoftwareblog.com/?p=643#comment-67 I was shocked to hear this news also. I read it about it from Jason Carter's (from www.partnercompete.com) posting today. Jason made an interesting comment, "Revenue is Vanity, Profits are Sanity and Cash is King. Apparently the lenders just refused to keep funding MIS Group. The lesson....right now size and scale don't matter, access to cash and credit does. Is your balance sheet healthy enough to ride out the economic storm?"Something that is good for all of us to consider these days! I was shocked to hear this news also. I read it about it from Jason Carter’s (from http://www.partnercompete.com) posting today. Jason made an interesting comment, “Revenue is Vanity, Profits are Sanity and Cash is King. Apparently the lenders just refused to keep funding MIS Group. The lesson….right now size and scale don’t matter, access to cash and credit does. Is your balance sheet healthy enough to ride out the economic storm?”

Something that is good for all of us to consider these days!

]]> By: Nancy Phillippihttp://www.erpsoftwareblog.com/2009/07/top-sage-partner-goes-out-of-business-leaves-hundreds-in-lurch/comment-page-1/#comment-65 Nancy Phillippi Wed, 08 Jul 2009 21:18:12 +0000 http://www.erpsoftwareblog.com/?p=643#comment-65 This is truly bad news for the hundreds of customers that I am sure rely on the MIS Group. The good news is that there is a great promotion from Microsoft GP at this time that can replace the MAS90/200 product with a 75% savings; 50% off software and a 25% rebate off of services.CIS has been a Sage PFW reseller for many years, but chose to represent Dynamics GP rather than the MAS products. We are located in Dallas/Fort Worth and would be happy to assist any of the MIS customers with a move to Dynamics GP. This is truly bad news for the hundreds of customers that I am sure rely on the MIS Group. The good news is that there is a great promotion from Microsoft GP at this time that can replace the MAS90/200 product with a 75% savings; 50% off software and a 25% rebate off of services.

CIS has been a Sage PFW reseller for many years, but chose to represent Dynamics GP rather than the MAS products. We are located in Dallas/Fort Worth and would be happy to assist any of the MIS customers with a move to Dynamics GP.

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