XU Biweekly - Issue 28 - 23 April 2022

Saturday 23 April 2022 | No. 28

XU Biweekly

THE PARTY IS ALMOST HERE

The independent news source for Xero users, by Xero users

MAYDAY LAUNCH FIRST PRODUCT, RECHARGER, TO AUTOMATE INTERCOMPANY RECHARGES Startup, Co-Founded by accounting tech serial entrepreneur David Tuck, will revolutionise how intercompany recharges are run

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AYDAY TODAY ANNOUNCES THE LAUNCH OF RECHARGER, ITS NEW CLOUD SOFTWARE THAT AUTOMATES INTERCOMPANY RECHARGES. AVAILABLE GLOBALLY, THEY’RE ALLEVIATING THE BURDEN THAT COMES WITH MANUAL MONTH END ADMIN. Mayday is Co-founded by David Tuck, former Founder and CEO of multi-award-winning Chaser. Mayday is his second startup in the accounting tech space.

The benefits of Mayday Recharger for the finance teams of businesses with connected entities include: • Save time by running recharges in minutes • Accurate recharges become fool-proof • Easily run recharges monthly for always

up-to-date management information “Mayday Recharger is doing for intercompany recharges what the cloud accounting systems did for filing your VAT return and reconciling your bank statement. Once you’ve used it, you can’t live without it!” – David Tuck, Founder and CEO “I’ve always aspired to run my recharges monthly and now we actually can!” adds David McKay, CFO and COO at one.network.

Following a successful period of beta testing, Mayday Recharger is available worldwide from 20th April, starting at £30 per month for businesses with two connected entities. For more information on Mayday Recharger, visit https://www. getmayday.com/, or find them listed on...

DocuSign partners with Amaka to launch its first official integration with Xero

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OCUSIGN, THE WORLD’S LEADING WAY TO ELECTRONICALLY SIGN AND MANAGE CONTRACTS, HAS ANNOUNCED A PARTNERSHIP WITH AMAKA TO BUILD ITS FIRST OFFICIAL ACCOUNTING INTEGRATION WITH XERO. The new integration, now available globally through the Amaka portal,

will allow users to automate document signing by syncing Xero documents with DocuSign eSignature for signing electronically, before pushing the finalized document back to Xero.

The Amaka-powered integration, which was built using the DocuSign eSignature API, will capture the following key Xero documents: • Invoices • Bills • Quotes

• Expense Claims • Purchase Orders Dan Bognar, Group Vice President & General Manager, Asia Pacific & Japan at DocuSign, said: “We are excited to partner with Amaka to offer this new integration with Xero to our joint customers. The ability to electronically sign important Xero accounting...

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Xero kicks off exciting new global partnership with FIFA Women’s Football

By Rachael Powell

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TODAY, I’M ABSOLUTELY THRILLED TO ANNOUNCE AN EXCITING NEW PARTNERSHIP BETWEEN XERO AND FIFA WOMEN’S FOOTBALL. Xero has been named a FIFA Women’s Football Partner under FIFA’s new commercial partnership structure, which takes effect in 2023. The global partnership will

cover the FIFA Women’s World Cup Australia & New Zealand 2023™, the 2024 and 2026 editions of the FIFA U-20 Women’s World Cup™ and the FIFA U-17 Women’s World Cup™.

This is a huge step for both Xero and FIFA Women’s Football as we work...

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New Apps & Updates

Saturday 23 April 2022

RSM Australia and Re-Leased Partner to Accelerate Cloud Technology Adoption in Australian Property Market

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EADING PROFESSIONAL SERVICES FIRM RSM AUSTRALIA AND AUSTRALIA’S LEADING CLOUD REAL ESTATE PLATFORM, RE-LEASED, HAVE ANNOUNCED A GROUND-BREAKING PARTNERSHIP TO AC-

CELERATE CLOUD TECHNOLOGY ADOPTION. The two entities will leverage their combined expertise and deliver an extensive program of work to educate clients and the wider Australian property market on the benefits of cloud tech-

nology. Focusing on the thriving property sector in Australia, Re-Leased will be providing data and insights from its industry leading platform which manages over 70,000 properties worldwide. Of hose 70,000 global properties, 45,000 tenancies..

The combined company will be known as Maxio and will provide all-in-one revenue management and advanced subscription billing solutions for high-growth software-as-a-service (SaaS) companies.

“Modern SaaS companies require a robust billing and revenue management solution now more than ever thanks to a

Read more XU BIWEEKLY - No. 28 Newsdesk: If you have any news or updates that you would like us to consider for inclusion in the next edition of the XU Biweekly, please email us at: newsdesk@xumagazine.com CEO: David Hassall Managing Editor: Wesley Cornell Director of Strategic Partnerships: Alex Newson Communications Manager: Bethany Fulks Creative Assistant: Hatty Morton Advertising: advertising@xumagazine.com www.xumagazine.com ‘Xero’ is a trademark of Xero Limited (New Zealand). XU Biweekly and XU Magazine is collaboratively produced by an independent group of Xero users and is not affiliated in any way with Xero. All other trademarks are the property of their respective owners. © XU Magazine Ltd 2014-2022.

All rights reserved. No part of this publication may be used or reproduced without the written permission of the publisher.

XU Biweekly is published by XU Magazine Ltd (08811842), registered in England and Wales. Registered office: Office 1, Brunswick House, Brunswick Way, Liverpool, L3 4BN, United Kingdom. All information contained in this publication is for information only and is, as far as we are aware, correct at the time of going to press. XU Magazine Ltd cannot accept any responsibility for errors or inaccuracies in such information.

If you submit unsolicited material to us, you automatically grant XU Magazine Ltd a licence to publish your submission in whole or in part in all/any editions, including in any physical or digital format, throughout the world. Any material you submit is sent at your risk and, although every care is taken, neither XU Magazine Ltd nor its employees, agents or subcontractors shall be liable for loss or damage.

The views expressed in this publication are not necessarily the views of XU Magazine Ltd, its editors or its contributors.

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AASOPTICS AND CHARGIFY, THE LEADING PROVIDERS OF FINANCIAL OPERATIONS AND SUBSCRIPTION BILLING MANAGEMENT SOLUTIONS FOR SUBSCRIPTION BUSINESSES, TODAY PUBLICLY ANNOUNCED THE MERGER OF THE TWO COMPANIES.

dramatic rise in the adoption of subscription models with complex pricing structures,” said Jason Parkman, chair of Maxio. “Maxio has an incredible opportunity to transform the subscription management market and provide huge value to our customers by providing a complete financial operations platform, regardless of billing and pricing structure.”

SaaSOptics and Chargify have delivered some of the most innovative and successful solutions addressing the needs of finance professionals, executive leadership, and SaaS founders. These solutions…

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APRIL SIMPRO RELEASE: PROTECTING YOUR BUSINESS WITH NEW IMPROVEMENTS

By Jeremy Chuang

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N OUR APRIL UPDATE, WE'VE ADDED NEW FUNCTIONALITIES TO SAVE YOU TIME AND ENHANCE THE USER EXPERIENCE OF SIMPRO. READ ON TO FIND OUT WHAT’S NEW, INCLUDING:

• New quote approved date • Import custom fields into catalog • New bulk import options • Set Sri Lankan Rupee as the default currency • User experience enhancements

New Quote Approved Date We are constantly developing your ideas for new features to make things easier. This is a “Top Idea” from the Ideas Portal that

you voted for. And, with the current global situation that makes material prices change dramatically, we believe this feature will help your business mitigate the adverse price effect.

From now on, you can have a more accurate expiry date for your quote and a realistic schedule for all the corresponding notifications.

This new Quote Approved date field allows the validity period to begin from the day the quote is approved, rather than when it is created. In addition, you can set a default validity. This capability will help you save time because you won’t have to set the quote validity manually when you create a quote!

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GL CORPORATE SOLUTIONS, AUSTRALIA'S LEADING PROVIDER OF SMSF, INVESTMENT PORTFOLIO AND COMPANY COMPLIANCE MANAGEMENT SOFTWARE, IS PROUD TO ANNOUNCE THE HIGHLY ANTICIPATED COMMERCIAL RELEASE OF ITS COMPANY SECRETARIAL SOFTWARE SOLUTION IN SINGAPORE, CAS 360.

“This is a huge mile-

stone for BGL and I’m extremely proud of the CAS 360 team" said Ron Lesh, BGL’s Managing Director.

“The team has been working tirelessly over the past 5 years to develop CAS 360 Singapore and we’re excited to be able to release a sensational product to the Singapore market”.

BGL has had a presence in Singapore for over 20 years, with over 400 businesses using its market-leading Corpo-

FYI PRODUCT UPDATE: MARCH 2022 W ITH A SPOTLIGHT ON SOME EXCITING NEW FEATURES RECENTLY RELEASED, IN THIS 90-MINUTE WEBINAR ROB CAMERON AND CASSIE KADDATZ INTRODUCE WHAT’S NEW AND SHARE THEIR IDEAS ON BEST PRACTICES FOR JOBS AND WORKFLOW JOBS. For those short on time, here’s a quick recap:

1. New ways to maintain client data We are excited to introduce new ways to maintain Xero Practice Manager client and job data in FYI, minimising the need to jump backwards and forwards between the two platforms.

The ability to update partner and manager has been available at a job level for some time, and you can now update the partner and manager for your clients – either individually in the client work-

space or as part of a bulk update.

We have also introduced the option to create and maintain custom fields for both clients and jobs directly in FYI, with your changes syncing back to XPM. This avoids any sync delays in FYI, ensuring you have accurate client data instantly available for use by your team and your automations. And it means you now have the flexibility to update from either platform.

We’ve also introduced User Roles. These are roles that go beyond partner and manager. You can define user roles that reflect the way your practice works, allowing you a deeper level of granularity on jobs and clients. Simply define the accountant, senior accountant or bookkeeper on clients or jobs across your practice and sync back to Xero Practice Manager. These roles can be...

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rate Affairs System (CAS) desktop software. CAS 360 is the natural progression for our clients, and we’ve already had a great deal of interest with over 31,000 active companies added to the BETA since April 2021.

“CAS 360 will help accounting firms and corporate service providers in Singapore efficiently manage their company compliance for...

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NEW XERO CONNECTED APPS! ONFOLK UK - A modern people system that offer HR and payroll all in one place, with time-off, pensions, onboarding, and a suite of integrations. Plus, it automatically posts journals to Xero.

PROFESSIONAL HOSPITALITY AU - Assists with providing fully tailored compliance solutions to your business to ensure that you are always one step ahead with ever changing legislation, processes, procedures, onboarding, WHS and more.

News & Updates

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Saturday 23 April 2022

Accountex announces How being #XeroCertified helps partners support new product launches for London show their clients

By Natalie Screen

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E ARE EXCITED TO ANNOUNCE ANOTHER EGGCELLENT SIMPLE FUND 360 AND SIMPLE INVEST 360 UPDATE! YOU CAN LEARN WHAT’S NEW AT OUR NEW FEATURES WEBINAR ON TUESDAY, 24 MAY 2022 AT 11:00 AEST. The full release notes can be found on the BGL Community >>>

What's New? Data Feeds: A new broker data feed has been added to the BGL Share Data Pack for Wentworth Securities. Plus, the HUB24 data feed has been upgraded to significantly improve support for HUB24 foreign share markets trades.

Reporting: 8 new mail merge fields have been added to custom reports and letters including tax breakdowns, pension minimums, and middle names.

Google Addresses Integration: Support for Google addresses has been added to Entity Details, Contacts and Trust Tax Return screens.

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MYDOCSAFE HAS BEEN RECOGNIZED BY FINTECH GLOBAL AS ONE OF THE MOST INNOVATIVE AND RELEVANT WEALTHTECH COMPANIES IN THE WORLD.

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They had a vision of supporting automatic service provisioning, helping with customer engagement, integrating their software together, and ultimately focusing on efficiency and cost reduction. After finding that the available options were too expensive for WCG at the time, the team recruited some developers and decided to start building their own solution. And thus, the idea for Emersion was born.

Xero advisor certification is a learning experience that helps partners and business owners become proficient and confident with Xero’s core features. After completing their certification, #XeroCertified learners then complete four...

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Big industry names and exciting startups alike will be showcasing the best new products, tech, software, services and solutions in the world of accounting.

From Business Valuation Training to private crypto tax software, we’re excited to give you a first look at some of the new products launching at this years event…

Training and Education

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HE NEW WEALTHTECH100 LIST FOR 2022 IS LAUNCHED TODAY BY SPECIALIST RESEARCH FIRM FINTECH GLOBAL.

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The prestigious ranking recognizes the world’s most innovative technology solution providers that address the digital transformation challenges and opportunities faced by investment firms, private banks and financial advisors.

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By Jeremy Chuang ORN OUT OF NECESSITY. IN LATE 2005, THE LEADERSHIP TEAM OF WHOLESALE COMMUNICATIONS GROUP (WCG) NEEDED A NEW BILLING SYSTEM.

E’RE JUST A FEW MONTHS INTO 2022 AND WE’RE SO IMPRESSED AT HOW MANY OF YOU HAVE COMPLETED YOUR XERO ADVISOR CERTIFICATION. ANOTHER 11,800 PEOPLE HAVE JOINED OUR COMMUNITY OF 100,000+ CONFIDENT #XEROCERTIFIED LEARNERS.

HE COUNTDOWN IS ON FOR ACCOUNTEX LONDON, EUROPE’S LEADING ACCOUNTING AND FINANCE CONFERENCE AND EXPO TAKING PLACE ON 11-12 MAY 2022 AT LONDON EXCEL.

Emersion today Sixteen years later, Emersion has grown into a global software business of its own.

The platform still accomplishes what it was originally designed to do: automate billing and service provisioning, engage customers, enhance other systems and help to grow businesses, and Emersion is constantly being improved so it can do more, for more of our clients.

We now have a team of talented staff working across APAC and North America, and we now serve clients in industries ranging from voice and data services, to...

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ERO’S PURPOSE OF MAKING LIFE BETTER FOR SMALL BUSINESSES, THEIR ADVISORS AND PEOPLE AROUND THE WORLD IS ONLY ACHIEVABLE THROUGH OUR COMMUNITY OF INCREDIBLE ACCOUNTING PARTNERS, WHO SHARE THE SAME GOAL. SO WE’RE THRILLED TO BE EVOLVING OUR RELATIONSHIP WITH AZETS, THE LARGEST REGIONAL ACCOUNTANCY FIRM IN THE UK. Having selected Xero

as its accounting solution for its small to medium-sized business clients, the team at Azets understands the vital importance of providing businesses with greater support and information to help them recover and succeed after arguably the most challenging 24 months of their lifetimes.

With Xero’s platform and Azets’ unrivalled expertise, the firm’s clients will gain access to accurate and real-time financial insights, enabling them to make better business decisions and thrive in the years ahead.

The road to digitalisation Technology adoption amongst small businesses has exploded in recent years, and this is set to continue – driven by new developments, market factors and even government legislation, like Making Tax Digital. This new partnership will enable the accounting firm’s small business client base to embrace digital tools.

It’ll also ensure a smooth transition to...

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News

6 XU Biweekly | No. 28

Saturday 23 April 2022

Integration with Xero Practice Manager and WorkflowMax

The home of XU Magazine and XU Biweekly

SPOTTED ON LINKEDIN

By Ian Phillips

I XU Hub is now live on Apple News!

’M THE HEAD OF PARTNER SALES AT XERO UK, HAVING JOINED AS A SENIOR ACCOUNT MANAGER OVER 6 YEARS AGO. I’VE LOVED WORKING CLOSELY WITH MANY OF OUR ACCOUNTING AND BOOKKEEPING PARTNERS AND AM PASSIONATE ABOUT THE CLOSE ROLE WE PLAY IN SUPPORTING YOU ALL ON YOUR DIGITAL JOURNEY. In the UK, we couldn’t have got to where we are today without the guidance of our fantastic accounting and bookkeeping community. You tirelessly help small businesses, so we understand just how important it is that you get the support you deserve.

As every practice is different, with varying needs, we are making some changes to the ways that we support you so you have access to what you need, when you need it.

I’d like to share an overview of all the areas of support we offer, from account management to education.

But first I want to take this opportunity to apologise for any disruption caused when account managers change. We’ve made...

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What you need to know about the first stage of STP Phase 2 in Xero

Xeppo liberates Australian accounting practices with Xero Practice Manager (and WorkflowMax) integration.

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AVING REVOLUTIONISED THE WAY FINANCIAL PLANNING PRACTICES OPERATE, XEPPO’S NEW XERO PRACTICE MANAGER (XPM) ANNOUNCEMENT SINGS TO THE NEEDS OF ACCOUNTANTS AND INTEGRATED PRACTICES. By connecting to Xeppo’s next-generation data platform, accounting practices can uncover time wastage, streamline efficiencies, and improve margin. The twoway sync functionality frees users from having to leave Xeppo to timesheet for billable tasks.

The new time-tracking capabilities allows accountants to capture time against clients, groups, activities, and projects (workflows) in Xeppo’s CRM. Rich with insights that are easy to interpret, this data informs a practice’s business decisions.

Running Xeppo with XPM, identifies where your time is being spent and can...

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By Erin Adams

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HIS YEAR, THE WAY YOU MANAGE SINGLE TOUCH PAYROLL (STP) WILL START TO LOOK A LITTLE DIFFERENT AS WE TRANSITION TO STP PHASE 2.

This will expand how employers report details about their staff and their pay to the ATO. With a compliance deadline for Xero customers set for the end of this year, we’ve been busy working to get ready for the transition in Xero Payroll.

The changes will be rolled out in three stages throughout the year, with the first stage starting later this month via an opt-in limited release. So what’s coming and how can you get ready? Let’s take a deeper look.

Remind me, how are the STP Phase 2 changes being put in place this year?

The changes are being rolled out in...

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THE SMALL BUSINESS GUIDE TO MTD FOR VAT PENALTIES

By Stuart Miller

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OR SMALL BUSINESSES, THERE’S PLENTY OF CARROT WHEN IT COMES TO COMPLIANCE WITH GOVERNMENT LEGISLATION MAKING TAX DIGITAL (MTD) FOR VAT. This phase of MTD for VAT, mandatory from April 2022, means that business owners who charge VAT with a taxable turnover under £85k have to maintain financial records digitally and file VAT returns through approved software.

Small businesses and their advisors can...

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OUT NOW: ISSUE 30

Events & Webinars

8 XU Biweekly | No. 28

Saturday 23 April 2022

WATCH AN ON-DEMAND WEBINAR

CATCH COMMUNITY VIBES AT XEROCON NEW ORLEANS

By Tausha Wallace

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HE ACCOUNTING WORLD, TO THE OUTSIDE WORLD, IS KNOWN AS THE TYPE A NO-PERSONALITY GROUP OF PEOPLE WHO JUST TALK NUMBERS. BUT WE AT XERO KNOW THAT IT’S MUCH, MUCH MORE THAN THAT. A community is known to be a group of people with certain characteristics in common. Our obvious common characteristics as a Xero community is accounting and bookkeeping, but we are bound together with endless common interests, goals, and attitudes. Although we are all different types of people with different backgrounds, we come together with much more in common than what we carry in differences: • We want to be better.

• We want to get more clients.

• We want to make life better for people in small businesses.

• We want to learn from others.

• We want to bond with others who just get it.

Find out more

Visit Zahara at Accountex 2022

By Bethan Clothier

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CCOUNTEX LONDON IS RETURNING ON 11-12 MAY 2022 AT EXCEL LONDON AND ZAHARA IS EXCITED TO BE EXHIBITING AT THE SHOW, WHICH IS SET TO BE THE BEST ACCOUNTEX EVENT YET. ZAHARA JOINS 250 GLOBAL BRANDS AND CUTTING-EDGE START-UPS TO NETWORK WITH ACCOUNTING PROFESSIONALS AND SHOWCASE OUR ALL-IN-ONE ACCOUNTS PAYABLE SOLUTION.

Why attend Accountex?

The huge success of the 2019 exhibition showed 97% of exhibitors rating it ‘good’ or ‘excellent’. Over 9,000 accounting and finance professionals attend and it is has been labelled as one of the

most influential events for discovering new solutions and driving innovation in accounting.

Accountex is designed to transform the way you do business, accelerate your career, and support you in embracing the digital revolution. It is completely free to visit, and you can even claim 8 CPD hours for your attendance.

ON-DEMAND NOW

Visit Zahara at Stand 861!

Zahara can’t wait to exhibit at Europe’s definitive event for accounting and finance at stand 861, situated closely to our integration partners Xero and Sage.

Members of the Zahara team will be showing you how...

IS THE WAY YOU GET PAID IMPACTING YOUR GROWTH? WATCH NOW

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UPCOMING EVENTS ON-DEMAND NOW

Accountex Celebrated Australian Launch at Sydney Launch Party

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UROPE’S TOP ACCOUNTING AND FINANCE EVENT, ACCOUNTEX, TODAY ANNOUNCED IT WILL BE HOLDING ITS FIRST AUSTRALIAN SHOW IN MARCH 2023 AT SYDNEY’S ICC. The announcement was celebrated at an official launch in Sydney on April 7 at Sydney’s Beta Gallery which was attended by the who’s who of Australian finance and accounting.

Commercial Director, Alex Haughton of Diversified Communications, said there has been significant push from the Australian industry to get an Accountex event for the local market.

“Accountex UK attracts many high growth accounting firms looking to embrace the digital revolution. The strength of the UK brand and strong global market growth sees Accountex launching in

Spain and Canada in 2022, as well as Australia in 2023,” said Alex.

“There’s a definite need for Entrepreneurs, Accountants, Bookkeepers, CFO’s, Data Analysts, Sole Practitioners plus Business Advisors to attend an event that can keep up with the pace of technology plus new efficiencies to improve their businesses,” she said.

“Accountants and bookkeepers are fast becoming technology advisers and integrators and it can be difficult to keep abreast of the many platforms across the various industries in which they work,” said Alex.

“A small firm may have clients as diverse as hospitality, retail, professional services and primary producers and all these clients require different platforms to integrate into their cloud-based...

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Features

10 XU Biweekly | No. 28

CLOUDPAY- P ROLL'S QUESTIONS TO ASK WHEN CHOOSING AN ONLINE PAYROLL PROVIDER

Saturday 23 April 2022

By Joanna Cruickshank

AYROLL CAN BE THE LARGEST EXPENSE ITEM ON YOUR CLIENTS’ PROFIT AND LOSS STATEMENT WITH MISTAKES POTENTIALLY COSTING YOUR CLIENTS CONSIDERABLE SUMS OF MONEY. It is extremely important your clients are equipped with the payroll service best suited to their needs, an online cloudbased payroll could be hugely beneficial to your clients. There are many cloud-based Connected App payroll partners to choose from in Australia and New Zealand and as your clients trusted adviser you can advise on the one to best suit their spe-

cific needs.

Below are some helpful questions to ask when evaluating cloud-based payroll solutions to determine the strongest fit for your client(s).

1) What payroll services do you provide?

A list of requirements could include: • Single Touch Payroll enabled (AU): STP report automatically sent to ATO after each pay event.

• Employee App: can employees see their payslips, payment summaries, apply for leave, update personal details etc?

• Leave management: can employees apply for leave online and calculate their

THE 5 STEPS TO SOLID FINANCIAL FOUNDATIONS

Every great business is built on rock-solid financial foundations. Without the right financial disciplines, a business will never fulfil its true potential.

By Michael Ford - Castaway Forecasting

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HERE ARE FIVE FINANCIAL DISCIPLINES THAT UNDERPIN THE MOST SUCCESSFUL BUSINESSES AND BUILDING DEPTH IN THESE IS WHAT REALLY MAKES A DIFFERENCE...

It should come as no surprise that I’m a fan of forecasting. You’d hope so, given I’ve devoted close to 25 years of my life to the field. But even now, after all this time, I’m still enthralled by the transformative power of a great forecasting process.

Every great business, no matter the size, the geography or the industry is built on rock-solid financial foundations. Without the right financial disciplines, a business will never fulfil its true potential. And given the SME sector employs over half of the world’s working population, that matters.

That matters a huge amount.

The global economy needs the SME sector to be robust, vibrant and, ultimately, successful. And as we’ve all seen time and time again, solid financial foundations give these SMEs the freedom, the clarity and the cashflow to be robust, vibrant and successful.

It’s a simple equation, but I think it makes

sense. And it means we as a community of accountants, advisers and entrepreneurs are perfectly placed to make a difference.

So what do solid financial foundations look like? There are 5 big pieces to the puzzle: • Commercial literacy • Performance visibility • Rolling forecasting • Aligned KPIs & metrics • Insightful analysis There’s no right order to these pieces.

They’re more virtuously circular than logically linear. And while there’s no doubt being strong in any one of these areas is a positive, building depth in all 5 is what really makes a difference.

It might be helpful here to dig a little deeper into each of these pieces, because there’s more to them than simple slogans.

Commercial literacy Think of this as the next step beyond...

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leave balances for a future date?

• Leave approval: is there access to all information needed to make an informed decision when approving leave i.e. leave calendar, total leave balances, calculated projected leave balances for future dates ensuring enough leave to cover the request.

• Top-up Tool (NZ): to ensure employer obligations under the minimum wage requirements are met, especially relevant for the rural sector.

• HR Document storage: is there an ability to upload and securely store employee or company documents?

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XU MAGAZINE IS CPD CERTIFIED

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E HAVE BEEN WORKING CLOSELY WITH THE CPD CERTIFICATION SERVICE TO HAVE OUR ARTICLES CPD CERTIFIED. As you read through our sister publication, XU Magazine, any article that shows the CPD Certified logo has been approved to count towards your CPD points.

Claim your FREE CPD Points!

Find out why more businesses are moving to QicWorks Faster and easier than ERP and more scalable than field management software

By Karen Parker

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ICWORKS HAS CHANGED HOW CONSTRUCTION, FABRICATION AND INSTALLATION BUSINESSES OPERATE. WE HAVE REMOVED THE NEED FOR COSTLY WORK AROUNDS CAUSED BY ‘BOLT ON’ APPLICATIONS AND SPREADSHEETS, BY ALLOWING USERS (AND THEIR FINANCIAL PARTNERS) TO ACCESS ALL THEIR BUSINESS MANAGEMENT DATA FROM WITHIN THE ONE APPLICATION. QicWorks is the ultimate construction software for job, payroll, scheduling, safety, training, stock, asset management and much more. QicWorks uses single source data to seamlessly flow from estimate, right through to accountant.

Another reason businesses are moving to

QicWorks is our flexible subscription model, whereby you only pay for the modules you use.

Team members can also be deactivated at any time, (which will remove them from your subscription costs) without removing their data.

Payroll personnel love our Xero integration, which allows them to effortlessly push their timekeeping data (including allowances and leave) direct into their Xero pay run, regardless of if they operate across multiple calendars from within a single pay run or reconcile weekly, fortnightly or monthly pay periods.

Remote workers love just how easy our industry leading mobile app is. Available for use on Android and iOs smart devices, users can access their information from anywhere - at anytime.

Key features include:

• Online and Offline functionality • Collect time 4 ways (Task timer, Kiosk/Timeclock, Timesheets – individual or group & Shift Reports) • Access job documents and complete forms from the work front • Capture images, materials used, expenses and purchase orders • View Rosters and access Job lists to find where others are working • Submit leave requests • Undertake stocktakes • Conduct Asset Audits or transfer plant to others (and jobs) • Capture Safety events • Stay connected with our inbuilt chat feature The QicWorks mobile app incorporates the latest digital technologies...

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FinTech News

12 XU Biweekly | No. 28

PAYPAL ANNOUNCES DEPARTURE OF CHIEF FINANCIAL OFFICER JOHN RAINEY

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Gabrielle Rabinovitch will serve as interim Chief Financial Officer upon Rainey's departure

Stripe launches Konbini and Furikomi, deepening investment in Japan

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Saturday 23 April 2022

OKYO—STRIPE, A FINANCIAL INFRASTRUCTURE PLATFORM FOR BUSINESSES, TODAY ANNOUNCED THAT IT SUPPORTS TWO IMPORTANT FORMS OF PAYMENTS IN JAPAN: FURIKOMI, A HIGHLY POPULAR BANK TRANSFER METHOD, AND KONBINI, THE UBIQUITOUS CONVENIENCE STORE PAYMENT OPTION. Now through a single integration, businesses of all sizes can use Stripe’s platform to accept Furikomi and Konbini payments, in addition to credit and debit cards. The expansion further accelerates Stripe’s growth plans in Japan.

Leading enterprises like KDDI Web Communications, Japan’s global telecommunications pioneer and a Fortune 500 company, hailed the development.

“Our service requires bank transfer support, and we decided on Stripe because of its well-organized API and extensive documentation,” said Kengo Ito, general manager of platform business design at KDDI. “Our engineers love Stripe because they can easily switch between development and production environments. The fact that global-level security is guaranteed was also very reassuring.”

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AYPAL HOLDINGS, INC. (NASDAQ: PYPL) TODAY ANNOUNCED THE DEPARTURE OF JOHN RAINEY, PAYPAL'S CHIEF FINANCIAL OFFICER (CFO) AND EXECUTIVE VICE PRESIDENT, GLOBAL CUSTOMER OPERATIONS. After almost seven years at PayPal, Rainey is leaving the company to join Walmart Inc. as its CFO. To support an orderly transition, Rainey will remain at PayPal until late May. PayPal's Board of Directors has launched a

formal search process to identify Rainey's permanent replacement. PayPal's Board of Directors has approved the appointment of Gabrielle Rabinovitch, senior vice president, Corporate Finance and Investor Relations, as interim CFO effective upon Rainey's departure. The Global Customer Operations team will join the Risk, Legal and Customer Operations organization led by Executive Vice President Aaron Karczmer.

"On behalf of every...

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APRIL EDITION: WHAT'S NEW FROM REVOLUT BUSINESS

By Richard Johnson

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USINESS IN HIBERNATION? WE DIDN’T THINK SO! BUT NOW THE SEASONS ARE CHANGING, IT’S THE PERFECT TIME TO EXPLORE THE GREAT NEW FEATURES WE’VE GOT LINED UP THIS MONTH – THE BEST WAY TO SHAKE OFF WHAT’S LEFT OF WINTER AND HELP YOUR BUSINESS BLOSSOM. From new SWIFT transfers to Ukraine and Hong Kong, to running payroll from your Business account, there’s lots to leap into. Check out what’s new below!

Transfer to Ukraine, fee-free We’ve opened up a direct, fee-free payment corridor to Ukraine, so you can send money to staff, suppliers, or service providers at absolutely no cost through April 30.

Since launching this new route in March, Revolut...

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Capital on Tap secured a $200m funding facility with HSBC and Värde Partners to support their continued US growth

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APITAL ON TAP LAUNCHED IN 2012 AND HAS PROVIDED OVER £3.5 BILLION OF FUNDING TO MORE THAN 125,000 SMALL AND MEDIUM-SIZED BUSINESSES ACROSS THE UK AND US. Recognised by Forbes as one of the UK’s fastest growing businesses, this new investment offers Capital on Tap the opportunity

to bolster its impressive expansion in the US. Capital on Tap provides business credit cards with leading employee spending controls, reporting, and rewards.

Capital on Tap made Atlanta its American home when it launched its US credit card in March, 2021, helping small and medium-sized businesses...

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Airwallex launches HK$2.25 million initiative to support SMEs as businesses reopen

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EADING FINTECH PLATFORM AIRWALLEX TODAY ANNOUNCED A HK$2.25 MILLION INITIATIVE TO SUPPORT SMALL AND MEDIUM ENTERPRISES (SMES) IN HONG KONG. Over the next three months, Airwallex, together with a number of its local partners, will provide a series of exclusive offers to help businesses recover and reopen from the pandemic while managing costs.

Hong Kong SMEs continue to combat the coronavirus related economic disruptions, and are experiencing numerous hurdles as they try to recover and rebuild in the wake of the pandemic. With over 340,000 SMEs operating in Hong Kong today, these businesses serve as vital economic engines for the city, making up 98% of the city’s business establishments and employing about 45% of the private sector workforce*.

“SMEs are the backbone of Hong Kong’s economy, and in the months ahead, many of these businesses will continue to face challenges in managing their financials and cash flows,” said Arnold Chan, Head of SME, Hong Kong & Singapore at Airwallex. “As the pandemic situation continues to impact local businesses, we hope that by doing our small part, we can help local businesses power through these difficult times and facilitate their path to recovery. With support from our partners, our offers aim to provide a more convenient and cost-efficient solution for making cross-border payments.”

Through this initiative, SMEs can open an Airwallex business account for free, and also enjoy $0 transfer fees for international payments to 60 destinations. Customers will also be able to enjoy exclusive subscription fee discounts, rebates and other perks through Airwallex’s local partners including Boutir, Bowtie, GOGOX, Google Ads, Google Workspace, SleekFlow, Xero and YOOV. Founded in 2015, Airwallex is one of the fastest growing financial technology companies, offering a suite of...

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WISE PLATFORM PARTNERS WITH MAX TO BRING FAST, CONVENIENT TRANSFERS TO CUSTOMERS IN ISRAEL

By Ashley Black

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E’RE EXCITED TO BRING WISE PLATFORM TO ISRAEL THROUGH OUR FIRST PARTNERSHIP WITH PAYMENTS COMPANY MAX.

Starting today over 1,000,000 of Max’s customers will have access to cheaper, faster transfers abroad at their fingertips from the convenience of the Max app.

The first of its kind in Israel, our partnership allows Max customers to send money abroad in 32 currencies such as USD, EUR, GBP & CAD from within the security and convenience of their app. Challenging the traditional banking system, Max offers full transparency on fees and the mid market rate making it easier and simpler for customers sending money abroad.

“Max continues to lead payment innovation in Israel and will be the first to allow its customers to transfer funds directly from their credit card into bank accounts overseas.

This is through a quick, simple, secure transaction with full transparency to customers. I’m sure this service will assist many Israeli families to transfer funds to their dear ones and for various needs overseas.” Ron Fainaro, Max CEO.

Fast & simple access to a global ecosystem through Wise Platform Partnering with Wise allowed Max to access our dedicated delivery specialists, leverage our easy to use API’s along with our global ecosystem to build the best possible experience for their customers to make international payments.

Meir Aharoni, EVP Technologies, Business Development & innovation: "It's been brilliant to work with the Wise Platform team and to create this partnership together. The speed, efficiency and the support from the delivery team has been a particular plus, allowing us to offer this service to our customers only several months on from first speaking to Wise. We're excited to see how this partnership develops and for our customers to try the new service, which will give them control and save them time & money on their international transfers."

Steve Naudé, Head of Product, Wise Platform, said: “We’re proud to be working with Max - and excited by what...

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