Xero saw an 81-percent increase in subscription revenue for the year ended March 31. But the New Zealand-based cloud accounting software company reported this week that its loss rose by 96 percent as the company chose to focus on growth. Xero also said its U.S.-based CFO Doug Jeffries has resigned after eight weeks on the job.

Security reclaimed the top spot among the top issue on the the 25th Anniversary North American Top Technology Initiatives Survey. Security ranked No. in eight of the last 10 years but was displaced by Managing and
Retaining data in the last survey released to the public. The latest effort was conducted by the American Institute of CPAs and Chartered Professional Accountants of Canada.

Jennifer Warawa, who has led Sage's accounting program in North America, has been selected to head worldwide efforts. She took the new position this month after being involved with the Sage Accountants Network for several years. Warawa joined Sage in 2008 as director of partner programs, a position she held for two years.