Building the foundation for advisory services

Key technology change drives industry disruption When comparing conventional accounting and advisory, it’s usually on the assumption that the former is focused on compliance, while the latter aims at measuring and reporting on company performance. However, in reality, drawing a distinct line between the two is questionable as they are closely interconnected and advisory never […]

Checklist: It’s high time for approval automation if…

“As we find in most use cases, the best time for implementing an approval system is BEFORE it is considered a necessity. The reason is simple: when you get to the point where you do need an approval system, the company culture is often gridlocked. And as moving away from a paper-based system is a […]

Centralised financial controls for a multi-entity organisation

This article focuses on understanding how leading approval automation solution, ApprovalMax worked alongside Wilder Coe, who also uses Xero, to support one of their clients – specifically, a group organisation in the UK made up of 53 individual companies. “Our client is extremely happy with ApprovalMax. The software has exceeded theirs and Wilder Coe’s expectations.” […]

Success story: Approval automation for early-stage businesses

Portt & Co act as an outsourced finance function for ambitious and innovative small businesses. Their clientele is typically based in London and the South West but Portt & Co do also serve clients across the country. The company works particularly well with early-stage businesses who have external investors and need to establish meaningful system and […]

How to manage approval workflows across multiple Xero files

Best practices for multi-entity organisations as well as accounting and bookkeeping practices  It is quite common for organisations to have a number of entities that need to be handled separately. Therefore they set up separate Xero Organisations, and separate Xero files are used to capture and process the respective accounting data. However, an aggregated financial […]

Establishing financial controls using a Xero-based Bill Automation app stack

Financial controls are the processes, policies and procedures that are implemented to manage and oversee finance and accounting activities. Examples include: accounting standards; approvals and delegations; audit trails; and informational security. In this blog post, we look at the importance of financial controls, and how to introduce them via a Xero-connected Bill Automation app stack. […]

Xero Roadshow Australia 2019 Recap: Interview with Helmut Heptner

It was a journey across 19 Australian cities (and a number of regional areas too), to meet, greet, listen and talk with passionate partners and small and medium-sized business owners. And now the dust has settled on the Xero Roadshow Australia 2019, and three incredible, inspiring weeks have come to an end. Helmut Heptner, Director […]

How to add approvals after processing bills in Receipt Bank

When your business regularly deals with hard copies of bills, invoices, and receipts, it can be a real challenge to maintain order. Utilizing an Optical Character Recognition (OCR) system such as Receipt Bank can help you grab back some control over this paperwork, keeping you organized and on top of things. How Does Receipt Bank Work? […]

Xero Cash Flow App Playbook: The Vital Role of Data Automation

The importance of cash flow Any organisation – commercial, government, or not-for-profit – needs a healthy cash flow to support its immediate objectives and its longer-term goals. The reason is very simple: if your organisation can’t pay suppliers, employees, or partners on time, chances are you will not survive for very long; regardless of how promising […]