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 […]

Your guide to bill approval as part of streamlined invoice processing

Here’s something that shouldn’t come as a surprise: Any organisation – be it commercial, government, or not-for-profit – has to pay its bills. And the reason for that is very simple. If, as an organisation, you don’t pay your suppliers, employees or partners on time, chances are you will not survive for very long, regardless of […]

Driving the Cost Out of Approvals

In contrast to larger organisations, smaller businesses are expected to work more efficiently, and with less clutter. Non-productive activities and redundant job responsibilities should be identified and cast aside. However, surprisingly, that is often not the case. As soon as there’s a significant amount of tasks performed by different people, and there are dependencies across […]

Sales Invoice Approval Process: How to Digitise for Paperless Accounting

If you’re in charge of a professional services company, such as an accountancy firm or design agency, then you’ll know first hand just how fun and challenging it can be. The fun part will come if you ever find yourself issuing hundreds of sales invoices every single week. You’ll undoubtedly be in dreamland – because […]