XU Biweekly - Issue 52 - 9 April 2023

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The independent user news source for accounting apps and their ecosystems

CAPE INTEGRATES WITH XERO TO LAUNCH ONE CLICK AUTOMATED ACCOUNTING

LEADING THE PACK IN THE AUSTRALIAN EXPENSE MANAGEMENT AND CORPORATE CARDS SECTOR, TWO YEAR OLD STARTUP CAPE HAS OFFICIALLY INTEGRATED WITH XERO TO ENABLE A DIRECT BANK FEED TO STREAMLINE FINANCIAL REPORTING, RECONCILIATION AND MANAGEMENT IN AN ENTIRELY DIGITAL AND SECURE MANNER.

Gone are the days when accountants, financial leaders and business owners need to jump through several complex hoops and clunky applications to transpose bank data and manually update it. Now, it takes Cape customers a matter of minutes to connect their Xero account and create a steady and stable bank feed that can be synced with just one click thereafter. No wonder this was the #1 most requested customer feature for Cape.

Customers can benefit from a considerably faster month-end close process by rec-

onciling data instantaneously to Xero from Cape, where they also see a holistic view of their company and employee expenses, cash inflows and outflows, and balance sheets - all in one place.

This gives Cape’s wide range of customers the ability to track finances efficiently and improve accounting, expense management, growth and profitability.

“From card issuance providers, accounting systems, reimbursement software, receipt capturing apps, Enterprise Resource Planning (ERP) tools, we’ve found finance teams and accountants are having to deal with archaic, disconnected systems that create a complex web to untangle when it comes to reviewing financial information in a timely manner to identify overspending, wasteful purchases and to accurately close their books at the end of the month.

Given so many of our customers work with Xero, we’re incredibly proud to be making their lives easier by seamlessly managing

Tide reaches 500,000 UK members milestone

and automating the flow of data between our two companies in real time.

Our integration with Xero is just one of the hundreds of micro automations we are implementing to save our customers time and money on our mission to build ‘Complete Expense Nirvana’.

Which is why our enthusiastic team of engineers went to great lengths in testing and iterating this integration alongside our early adopters prior to the public launch to ensure it delivered a best-in-class financial automation solution to finally eradicate end of month reconciliation induced stress.”

Ryan Edwards-Pritchard, CEO & Founder.

"As a financial services organisation, we undergo a rigorous review process for any financial tools we use and recommend to our customers. We’ve added Cape to our toolkit because it is one of the most innovative FinTechs in the APAC region. It is creating an...

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Karbon Becomes a Xero Certified App

The integration between Karbon and Xero Practice Manager will launch in April, 2023

KARBON, THE GLOBAL LEADER IN ACCOUNTING PRACTICE MANAGEMENT SOFTWAREUSED BY OVER 3,000 ACCOUNTING FIRMS, TODAY ANNOUNCED THAT IT HAS BECOME A XERO CERTIFIED APP. THEANNOUNCEMENT COMES AHEAD OF AN INTEGRATION BETWEEN KARBON AND XERO PRACTICE MANAGER, WHICH WILL BERELEASED IN APRIL.

Managing Director APAC at Karbon, Jared Baker, lauded the news as a big win for Xero and Karbon’s jointcustomers. "At Karbon,

Saturday 8th April 2023

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we are committed to an open ecosystem,” said Baker. “We believe that accountingfirms should be able to select the right technology for their needs, and that whatever they choose shouldintegrate with the rest of their tech stack.”

“Xero is a platform and company that we have a lot of admiration for. In many ways, Xero has transformedthe accounting industry and helped support and amplify the growth of many great firms. We are delightedto be bringing together our top-rated accounting practice management solution with one of the world’spre-eminent accounting solutions.”

The much-anticipated integration between Xero Practice Manager and Karbon will automaticallysynchronise contact data between both systems. Joint Xero and Karbon customers will be able to maintainaccuracy across their new and existing client and contact records, without the need for manual updates.

“The Karbon product engineering team is working tirelessly to deliver an incredibly exciting roadmap forour customers. With product updates released every few weeks, our rate of development is unmatched...

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AS THE LEADING DIGITAL BUSINESS FINANCIAL PLATFORM, TIDE HAS REACHED 500,000 MEMBERS IN THE UK. IT’S A SIGNIFICANT MILESTONE THAT MEANS ALMOST ONE IN 10 SMALL BUSINESSES NOW USE OUR SERVICES.

Following our launch in 2017, Tide is now a key provider of finance and admin services to UK small and medium enterprises (SMEs) and is continuing to grow. In the last 12 months, we’ve has expanded our product range, adding Tide Pro Plan, a new subscription plan that includes unlimited payments and transfers aimed at businesses that plan to scale.

We’ve also launched Tide Accounting to offer an end-to-end accounting and tax solution for small businesses, in partnership with accounting software firm Sage. The addition of payment acceptance, expense cards, invoice tracking and cash flow management has bolstered Tide solutions to help SMEs.

Tide recently acquired Funding Options, a leader in SME credit intermediation. Over time, our members will gain access to Funding Options’ panel of more than 120 lender partners, creating a major new marketplace for SME credit in the UK.

“Half a million members is a real testament to the quality of our products and services. I am delighted to welcome them all to Tide. Our mission to help SMEs save time and money is proving to be a success with more and more small businesses choosing to open their accounts with Tide. From Net Zero to supporting more female business owners, we plan to roll out more products and services this year to help SMEs launch and run their businesses.” - Oliver Prill, Tide CEO

This year, we’re also working on Net Zero features to help members kick...

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INTRODUCING BRIGHTPAY’S NEW CLOUD PAYROLL SOLUTION

JUST IN TIME FOR THE 2023/24 TAX YEAR, WE ARE EXCITED TO LAUNCH THE NEW CLOUD VERSION OF OUR DESKTOP-BASED PAYROLL SOFTWARE, BRIGHTPAY, IN THE UK.

Fully-cloud payroll software is something which our customers have requested from us for some time. Our development team has been working extremely hard behind the scenes, and we’re happy to announce that our cloud payroll solution is now available. The launch is a pivotal moment in Bright’s 30year journey providing payroll software to customers across the UK and Ireland.

One of the influencing fac-

XU BIWEEKLY - No. 52

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

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Partnerships: Alex Newson

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‘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 2014-2023. 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.

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tors in our decision to bring our payroll software to the cloud is the changes we have seen in the business world in recent times. A survey from 2017 showed that only 18% of UK firms had 98% of their clients or more in the cloud using cloud-based systems. But as we all know, the business world has changed a lot since 2017. As well as the progression of technology, COVID-19 accelerated cloud adoption. Moving processes to the cloud has helped accountants and other businesses to run as usual, even when the unexpected happens. Cloud payroll software can help businesses to adapt when it comes to things like remote working, data security, changing markets, and

compliance.

How will the cloud payroll solution be different?

We seek to match the capabilities of our multi-award-winning desktop-based software, while also introducing a series of new features only made possible through cloud-based software. This includes automatic online backup of payroll files, the ability for multiple people to work on the same file simultaneously and being able to process payroll online through an internet browser.

We're excited about our...

Xero's Latest product news — April 2023

REPORTS: WE’VE INTRODUCED A NEW JOURNAL REPORT THAT HAS THE FEATURES YOU LOVE FROM THE OLDER VERSION, WITH ADDITIONAL FUNCTIONALITY INCLUDING CONVENIENCE DATES, CUSTOMISED COLUMNS, FILTERS AND MORE.

Reports: A new version of the General Ledger Summary report is now available. You can drill down into the General Ledger Detail report, choose which accounts to show, customise columns and more.

Contacts: If you’re connected to GoCardless in Xero, you can now initiate a mandate for a customer by clicking the overflow

menu on contacts.

eInvoicing (AU & NZ): If you are registered to receive eInvoices, you can now opt into receiving your monthly Xero subscription bills via eInvoice in Xero.

Xero Practice Manager: We’re making it easier to find jobs by client in Xero Practice Manager. You can now filter by client, and soon search for a client name directly in the jobs manager table.

Xero Accounting app: The invoice list view has been refreshed with a new design, to help you find the information you need quickly and make the app more accessible.

Xero Me: Employees... Find out more

AS WE LOOK TOWARD THE END OF Q3 WE CAN REFLECT ON AN EXCITING START TO 2023. WE ARE STILL CARRYING INCREDIBLE MOMENTUM FROM THE XERO ROADSHOW AND OUR BROADER ACTIVATION ACTIVITIES ACROSS OUR PARTNER BASE IN BOTH THE R&D TAX CONSULTING AND TAX ACCOUNTING INDUSTRIES.

Growth in Partnerships and Subscriber Numbers

On behalf of the whole Synnch team, I’d like to extend a warm welcome to the new partners and subscribers who’ve joined us in March. March has been a record period of growth in both partnerships and subscriber numbers and we are super excited to welcome our new friends to the Synnch community.

Among our newest subscribers we welcome some of the most technically challenging and sophisticated R&D tax claimants yet to use our platform. Thank you for choosing Synnch and putting your faith in our team and technology, our learnings in supporting your adoption have been immensely valuable. We have developed and implemented industry specific record keeping strategies in high intensity software and advanced manufacturing environments. What makes these recent deployments so exciting and ground-breaking is that we have done so with the support and technical leadership of some of our newest R&D consulting and tax accounting partners.

Exciting Updates and Features on Synnch Platform

The long-awaited export module is now live in beta. Accessed from the project profile, the export module allows for the export of all or some projects and produces an excel format spreadsheet containing the consolidated project, activity, recordkeeping, and effort...

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Wolters Kluwer CCH® Tagetik launches new solution to help multinational companies prepare for 2024 OECD Pillar Two reporting requirements

CCH® TAGETIK GLOBAL MINIMUM TAX EXPERT SOLUTION EQUIPS CFOS TO CONFIDENTLY NAVIGATE PILLAR TWO’S COMPLEX DATA CHALLENGES, NEW WORKFLOWS, AND TIGHT DEADLINES.

Keep reading comply, and massive data sets from tax and finance.

Wolters Kluwer, a global leader in professional information, software solutions and services, today launched a new CCH Tagetik expert solution that will help multinational companies collect, align, calculate and report integrated finance and tax data in accordance with Organisation for Economic Co-operation and Development (OECD) Pillar Two tax requirements. The solution will also help CFOs better understand how Pillar Two regulations will impact their business model and operations.

The challenge: Multinationals are navigating Pillar Two obligations with limited time to

As part of a continuous effort to reform the international tax system, and in adherence to OECD Pillar Two tax requirements, more than 140 countries have agreed to implement a global minimum corporate tax rate of 15% in 2024, for certain multinational companies. To meet the new obligations of Pillar Two, multinational companies need to quickly gain visibility into, connect, and analyze massive amounts of enterprise-wide data. They must also process complex tax calculations to understand the impact Pillar Two will have on corporate profitability and operations. Today, many large companies use disparate, disconnected technology to manage tax and financial data, making it difficult to efficiently...

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BGL CORPORATE SOLUTIONS (BGL), AUSTRALIA'S LEADING PROVIDER OF COMPANY COMPLIANCE, SELF-MANAGED SUPERANNUATION FUND (SMSF) AND INVESTMENT PORTFOLIO MANAGEMENT SOFTWARE, IS PROUD TO ANNOUNCE ITS SIMPLE FUND 360 AND SIMPLE INVEST 360 SOLUTIONS ARE NOW INTEGRATED WITH AUSTRALIAN CRYPTOCURRENCY TAX SOFTWARE, SYLA, TO AUTOMATE CRYPTOCURRENCY TRANSACTION DATA FOR SMSF, COMPANY, INDIVIDUAL AND TRUST PORTFOLIOS.

"We are excited to add Syla to the BGL Ecosystem," said Ron Lesh, BGL's Managing Director. "The integration allows BGL clients to easily sync their clients' crypto transaction data from any digital currency exchange connected to their Syla account directly into their Simple Fund 360 and Simple Invest 360 software."

"With 1 in 4 Australians investing in crypto, it's becoming more challenging for accountants to get the compliance work done, particularly when investors could be using any crypto exchange,” added Lesh. "A single portfolio could have hundreds or even thousands of crypto trades. Integrating Syla will automate the journal entry process for every crypto purchase and sale, saving BGL's Simple Fund 360 and Simple Invest 360 clients significant time and effort."

Nick Christie, Co-Founder of Syla, said... Find out more

NEW

ONLINE CHECK WRITER

Online Check Writer changes the way small and medium businesses process accounts payable and receivable with their effortless, all-in-one platform. Pay and get paid by Digital checks, Printable checks, eChecks, ACH, RTP, Wire, Credit Card, and one-click check mailing at low transaction fees.

SENOMIX TIMESHEETS

Calculate project billing and employee work progress in seconds with Senomix's easy project time tracking for small and mid-sized businesses. Import your project details directly from Xero to start time tracking right away. Available on Windows, Mac and mobile.

IDENTITYCHECK

Remove friction from verifying the identity of your customers right inside Xero. IdentityCheck sends a selfie request to your Xero contacts phone so it can biometrically

New Apps & Updates XU Biweekly | No. 52 2 Saturday 8th April 2023
XERO CONNECTED APPS!
match their face with a government-issued identity document such as Passport or Drivers Licence.

RELEASE NOTES

FOR DETAILED INSTRUCTIONS ON

bite

SMALL BUSINESSES MAY HAVE LOST 680,000 DAYS OF TRADING PER MONTH AS A RESULT OF INDUSTRIAL ACTION OVER THE LAST SIX MONTHS.

A third of SME owners said that months of strikes have had a negative impact on their business, with over a fifth reporting that customer orders had been delayed due to postal strikes. Whilst support for industrial action has remained relatively unchanged, fourfifths of SME owners believe that employers and workers should come to an agreement without striking.

With signs that strikes may be abating for the time being, new data from small business lender iwoca reveals that SMEs have lost out on 680,000 days of trading per month, due to industrial action. Cumulatively, this amounts to four million days of trading over the last six...

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Xero talks: highlights from an afternoon focused on the future of accounting

WHAT’S HAPPENING WITH THE MATCHING FEATURE?

In 2022, we announced our plan to discontinue the old version of the Matching feature. The old version served its purpose well, but was very basic in nature.

We began building a new and slightly different version of the Matching feature and took into account everything we learned from our customers.

We moved up to building a more sophisticated and advanced version called ‘Bill-toPO Matching’. Here are some of the things that this upgraded feature can do:

Many-to-many matching and amount allocation

ApprovalMax supports “many-to-many” matching, which means any number of bills can be matched to any number of purchase orders.

For example, if you raise a purchase order for $1,000, you will be able to approve...

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AdvanceTrack – first in UK to attain updated BSI information security standard

ADVANCETRACK OUTSOURCING IS A FAST-GROWING PROVIDER OF FINANCIAL, ACCOUNTING, BOOKKEEPING AND TAXATION SERVICES. IT DELIVERS OUTSOURCED SOLUTIONS TO ACCOUNTANCY PRACTICES AND LARGE BUSINESSES ACROSS THE UK.

BGL CORPORATE SOLUTIONS (BGL), AUSTRALIA'S LEADING PROVIDER OF COMPANY COMPLIANCE, SELF-MANAGED SUPERANNUATION FUND (SMSF) AND INVESTMENT PORTFOLIO MANAGEMENT SOFTWARE, IS PROUD TO ANNOUNCE ITS MULTI-AWARD-WINNING SMSF ADMINISTRATION SOFTWARE, SIMPLE FUND 360, NOW INTEGRATES WITH THE FINTECH PLATFORM, ACCOUNTANTSGPS, TO PROVIDE ITS CLIENTS WITH A NEW DIGITAL SMSF CHECKUP REPORT.

"We are thrilled to add Melbourne-based Fintech, accountantsGPS, to the BGL Ecosystem," said BGL's Managing Director Ron Lesh. "https://www. bglcorp.com/This integration allows Simple Fund 360 clients to produce a new SMSF Check-Up Report using...

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Xero continues to drive digital tax forward with new payroll eFiling integration for accountants

NEW INTEGRATION WITH SIMPLEPAY AND SARS WILL HELP REDUCE THE TAX BURDEN FOR ACCOUNTANTS IN SOUTH AFRICA.

HOW TO USE THE FEATURES OF WORKGURU, PLEASE SEE OUR LIST OF SUPPORT ARTICLES (HTTPS://SUPPORT.WORKGURU.IO/SUPPORT/SOLUTIONS). WE UPDATE THESE ARTICLES REGULARLY TO STAY UP TO DATE WITH THE FEATURES OF THE APPLICATION.

Features

THE FIRST-EVER XERO TALKS EVENT TOOK PLACE ON 15 APRIL, AND JUDGING BY THE ENERGETIC CONVERSATIONS HAPPENING ON AND OFF STAGE, IT WAS A HUGE HIT WITH ATTENDEES.

Key speakers on tech, talent, and industry change gave us their insights in following sessions:

• Three things in life are certain: Death, taxes, and AI

• Navigating the talent challenge

• Future leaders panel

• Why is having a great employment brand so important?

• How firms are doing employment brand well

Find out more

With its headquarters in Coventry and operational centres in India, it is run by a UK chartered accountant and chartered tax adviser and is a member firm of the Institute of Chartered Accountants in England and Wales.

AdvanceTrack Outsourcing’s client offering is based upon a scalable, cost-efficient delivery model facilitated by outsourcing and offshoring. A key component is its focus on high-quality, secure service delivery, which it demonstrates through BSI certification to several internationally recognized management system standards since 2013, including the iconic quality standard ISO 9001 and the information security...

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Xero, the global small business platform, has launched a payroll integration with SimplePay, allowing accountants to eFile employee tax declarations (EMP201s) from Xero to the South African Revenue Service (SARS). This builds on Xero’s suite of cloud VAT tax tools in South Africa.

Xero has built an integration with SimplePay, a cloud-based payroll software provider, to provide this functionality. Accountants and bookkeepers using Xero Practice Manager and SimplePay will now be able to set up EMP201 returns for their clients to automatically submit to SARS each month. This means once they complete a payroll run the EMP201 returns will automatically eFile to SARS – helping them to save time and reduce errors.

In 2021/22, the number of employers registered for PAYE grew by 2.3% to 632 599 according to the latest SARS tax statistics. All of these businesses need to submit EMP201 forms - making it a significant area of focus...

Find out more

Suppliers

• Suppliers can now be marked as inactive. Inactive suppliers will not be able to be selected throughout the platform unless updated to active. (E.g. When creating a purchase order)

Products

• Users will be required to confirm the creation of new products upon product creation via purchase orders. This minimises the chance of duplicate products being created by comparing existing products and providing a warning to the user

Quotes

• We have applied a new permission (Can Add New Reason For Declined Quote), disallowing non approved users to add new reasons for declined quotes. This aims to help with reporting. Users who...

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NEW ESIGNATURES AND ACCEPTANCE ENHANCEMENTS

WE’RE THRILLED TO ANNOUNCE THE LATEST RELEASE OF QUOTIENT, WHICH COMES WITH ESIGNATURES AND ENHANCED ACCEPTANCE FEATURES. SAY HELLO TO A MORE STREAMLINED AND EFFICIENT ACCEPTANCE PROCESS THAT WILL MAKE LIFE EASIER FOR YOU AND YOUR CUSTOMERS.

eSignature – option to draw

When the new ‘eSignature’ option is enabled your quote recipients will be required to draw their signature to accept, or... type their name

Sign with ease from a touch device

Signing documents with a mouse on a...

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News & Updates XU Biweekly | No. 52 4 Saturday 8th April 2023
Iwoca: Small businesses losing 680,000 days of trading per month as impact of strikes
We’re retiring our old version of Matching 1 April 2023. Learn how to start using the upgraded version

FYI TEAM ANNOUNCES NEW PARTNERSHIP WITH COUNT

Lightyear wins at Digital DNA Awards 2023

Big things are happening at Tradify!

WE’RE DELIGHTED TO ANNOUNCE TONY WARD AS OUR NEW CHAIR OF THE BOARD OF TRADIFY.

Firstly, a big thank you to our current Chair, Adam Clark, for his tireless support of all things Tradify over the years. Adam has played a pivotal role in the company’s journey so far and will continue to do so as he will remain on the Tradify board.

Tony is a technology executive with over 25 years of experience. He has lived and worked in NZ, Australia, Canada, and the US. Most recently, Tony was President of the Americas for Xero, based in the US for the last 3.5 years. Prior to Xero, Tony spent time at Dropbox, SurveyMonkey, and LinkedIn, and held COO and CMO roles for Microsoft Australia.

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WOLTERS KLUWER RECOGNIZED AS #1 IN THE NETHERLANDS FOR GENDER DIVERSITY

simPRO welcomes new CEO

WE ARE SO EXCITED TO ANNOUNCE THE ARRIVAL OF SIMPRO’S NEW CEO, GARY SPECTER!

He brings over 30 years of experience and is renowned for successfully driving revenue growth in small and large companies within leadership roles at businesses including Cart.com, Adobe and Magento.

Welcome to the team, Gary! We’re glad to have you on board!

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WOLTERS KLUWER IS THE TOP COMPANY FOR GENDER DIVERSITY IN THE NETHERLANDS, ACCORDING TO EQUILEAP, A LEADING PROVIDER OF DATA AND INSIGHTS ON GENDER EQUALITY.

This is the third consecutive year that Wolters Kluwer has won the honor. The company also ranked #6 out of only 18 companies globally to reach gender balance across all four levels (board of directors, executives, senior management and the workforce) measured by Equileap’s 2023 Gender Equality Global Report & Ranking.

The independent recognition comes as Wolters Kluwer prepares to celebrate International Women’s Day at Euronext Amsterdam on March 8 for the Ring the Bell for Gender Equality 2023 campaign. The event, a partnership between various high profile organizations including UN Women and the World Federation of Exchanges, will feature senior executives from the Company.

“At Wolters Kluwer we believe that diversity drives performance, and we are pleased to once again be recognized with the top ranking in the Netherlands for gender diversity,” says Carlos Rivero, Senior Vice President, Global Head of Talent Management at Wolters Kluwer. “Strong gender diversity representation is incredibly important to us and there is always more we can do. As a result, we will continue to take actions to further our commitment to diversity, equity, inclusion, and belonging across the entire organization.” As part of the Company’s commitment to taking further actions...

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DIF YOU EVER WORKED WITH OFFICE 97, YOU’LL REMEMBER MICROSOFT’S ICONIC ASSISTANT CLIPPY. THE ANIMATED AIBASED PAPERCLIP WOULD POP UP IN YOUR DOCUMENT AND OFFER TO HELP YOU FORMAT WHATEVER YOU WERE WORKING ON. CLIPPY WOULD ANALYSE AND STRUCTURE WORDS IN YOUR DOCUMENT AND HELP YOU FORMAT IT ACCORDING TO WHAT YOU WERE WORKING ON. FOR EXAMPLE, IF ANYTHING VAGUELY RESEMBLED A RESUME, YOU WOULD BE PROMPTED WITH: “IT LOOKS LIKE YOU’RE WRITING A RESUME! PERHAPS A RESUME TEMPLATE WILL HELP?”.

In 2023, Clippy’s legacy lives on in our everyday lives in the form of much more advanced personal digital assistants, powered by emerging techniques in artificial intelligence (AI). The latest example is OpenAI’s ChatGPT, which has led to a growing public awareness of AI and its impending impact on business, industry and people. Some are even calling it a watershed moment for society, as significant as the invention of the printing press or advent of the world...

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NI Fintech, Lightyear, Soars to New Heights, Joining Europe's Fastest Growing Fintech Companies in Financial Times FT 1000

MARKET-LEADING PROCURE-TOPAY PLATFORM, LIGHTYEAR, HAS ROCKETED INTO THE TOP 20 FASTEST GROWING FINTECH COMPANIES IN EUROPE IN THIS YEAR'S FINANCIAL TIMES FT 1000. HEADQUARTERED IN BELFAST, NORTHERN IRELAND AND WITH OFFICES IN SYDNEY, AUSTRALIA, LIGHTYEAR IS REVOLUTIONIZING THE WAY BUSINESSES HANDLE THEIR PURCHASING AND ACCOUNTS PAYABLE PROCESSES.

This achievement follows the success of the last 6 months, which has seen Lightyear debut in the Deloitte Technology Fast 50 as the fastest-growing technology company in Northern Ireland and a multitude of awards from Gartner, including FrontRunners in Accounts Payable, Best Customer Support and Advice, and Belfast Telegraph's Best Place to Work in IT awards.

Lightyear recently added even more accolades to their story at the 2023 Digital DNA awards, taking home the gold for Small Tech Company of the Year and Founder of the Year - Chris Gregg.

CEO Chris Gregg commented: “The Lightyear team have truly outdone themselves, achieving incredible recognition for their...

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FYI IS EXCITED TO ANNOUNCE AN ONGOING PARTNERSHIP WITH COUNT FINANCIAL, AUSTRALIA’S LEADING NETWORK OF ACCOUNTING AND FINANCIAL ADVICE BUSINESSES

The agreement will see FYI providing additional educational resources to all Count members utilising FYI’s advanced technology to assist in the creation of a ‘Count Way’ –a best practice approach to internal policies, processes and workflows.

“The feedback from current members that are clients and those I met at the recent conference on the Gold Coast was overwhelmingly positive.” – Nick Zouros, National...

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Wolters Kluwer successfully prices €700 million 8-Year Eurobond

IWOLTERS KLUWER, A GLOBAL LEADER IN PROFESSIONAL INFORMATION, SOFTWARE SOLUTIONS, AND SERVICES ANNOUNCED TODAY THAT IT HAS SUCCESSFULLY PRICED A NEW EUR 700 MILLION 8-YEAR SENIOR UNSECURED EUROBOND.

The bonds were sold at an issue price of 99.417 per cent and carry an annual coupon of 3.750 per cent. The settlement date has been set at April 3, 2023. The securities were placed with a broad range of institutional investors across Europe.

The senior unsecured bonds will mature on April 3, 2031. The notes are expected to be rated BBB+ by S&P. The net proceeds of the offering will be used for general corporate purposes.

ABN AMRO, Bank of America, Citigroup, ING Bank and Rabobank acted as joint active bookrunners. The bonds will be listed on the Official List of the Luxembourg Stock Exchange.

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News & Updates XU Biweekly | No. 52 6 Saturday 8th April 2023
WE ARE THRILLED TO ANNOUNCE THAT WE WON NOT ONE, BUT TWO AWARDS AT THIS YEAR'S DIGITAL DNA AWARDS
Year
it's only the beginning....
space! Find out more
We're honoured to be recognised as Small Tech Company of the
and to have Chris Gregg named Founder of the Year. And
watch this
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Accountex London launches most diverse Seminar Programme yet

THOUGHT LEADERS, TRAILBLAZERS AND PIONEERS IN THE PROFESSION, WILL BE DELIVERING THE 180+ EDUCATION PROGRAMME AT ACCOUNTEX LONDON THIS SPRING. THE SHOW WILL BE RETURNING TO EXCEL ON THE 10-11 MAY 2023 WITH 13 STAGES AND A PACKED CPD ACCREDITED PROGRAMME.

Here are some programme highlights to look forward to at this year’s show.

Taking the main stage is Sharon Cooke, Technical Director at 2020 Innovation for her session ‘Top 10 tax considerations for 2023/24’ where she will explore tax considerations and offer plenty of practical takeaways. Another tax focused session is ‘Tax update with Rebecca Benneyworth’ where she will be delving into the Spring 2023 Budget and Finance Bill, while highlighting changes which directly firm’s clients and the advice given to them.

An additional business-based presentation is from speaker and author Geoff Ramm, ‘Celebrity service: Discover the gap in your client service you never knew existed.’ Visitors will learn about changing their mindsets to deliver an incredible client experience.

Over at the Tax & Compliance theatre, Paul Aplin, MTD and UK Tax Specialist Consultant, and Paul Lodder, VP: Product Strategy

and Accounting expertise at Dext, will be looking at how period basis reform will affect all UK companies in 2023, with their presentation ‘Basis period reform: The practical guide for practitioners in 2023.’

Delving into the world of bookkeepers, Zoe Whitman, Business Coach at The 6 Figure Bookkeeper, will be moderating a panel ‘The secret diaries for bookkeepers: what accountants don’t know about bookkeeping,’ where they will explore what it’s really like running a forward-thinking bookkeeping practice.

With the programme putting emphasis on issues that affect people inside and outside the workplace, there are lots of sessions covering topics such as mental health, neurodiversity and diversity.

Brad Burton, Motivational Business Speaker, will be taking to the main stage for his session ‘Now what? Suss out your next steps in life and in business’ where he will explore fulfillment, burnout and confidence as he helps participants work out their next steps in both life and business.

For more wellbeing content, visitors can head to the session ‘Building a Premier League mindset’ with Marc Pugh, health and lifestyle coach and former Premier League Footballer. He will recommend the 3 key improvements that an accountant or bookkeeper can make to improve focus...

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New Zealand Australia ipayroll.co.nz cloudpayroll.com.au Classifieds XU Biweekly | No. 52 Saturday 8th April 2023 9 Accountant Tools Bills & Expenses Cloud Integrators CRM Financial Services Payments Reporting Professional Services Invoicing & Jobs Outsourcing If the only update your so tware gets each year is price, it could be time to switch wolterskluwer.co.uk/switch Time Tracking Year End OUT NOW: ISSUE 34 Give your clients the tools to take control of their financial health Get started for free You could be this happy with your client collaboration Award-winning cloud software and knowledge solutions for your accounting practice. CCH iFirm CCH iKnow CCH Learning → Automate, 5-16 MARCH 2023 CC SYDNEY REGISTER NOW JOIN AUSTRALIA'S MOST EXCITING ACCOUNTING & FINANCE EVENT! 10 - 11 October 2023 Suntec Convent on Centre S ngapore REGISTER FREE FOR BUILDERS JOB MANAGEMENT www.nextminute.com It’s a match made in heaven. Start your FREE trial: workflowmax.com/xero Do more for your clients with SeedLegals Book a call New Zealand Australia ipayroll.co.nz cloudpayroll.com.au appogeehr Intelligent time tracking software www appogeehr com castawayforecasting.com/xu UNLOCK YOUR POSSIBILITIES Real Time Cash Flow Forecasting and Reports Find Out More Prepare R&D tax claims. Smarter. whisperclaims.co.uk tidyinternational com JOB MANAGEMENT Powerful Software Delightfully Simple Detailed reporting and tight project controls enable your business to maximise efficiency and profitability.

ENTREPRENEURS ARE DRIVEN BY ‘THE ITCH’. IF YOU’VE FELT IT YOURSELF, YOU KNOW EXACTLY WHAT I MEAN. IT’S THAT INNATE GNAWING, DISCOMFORTING FEELING THAT COMES FROM A DEEP, AND OFTEN LIFELONG, CONVICTION THAT THERE HAS TO BE A BETTER WAY. THE ITCH IS NEVER FAR AWAY - IT LIVES IN YOUR HEAD, DISTRACTS YOUR THOUGHTS, NAGS AT YOU. I’M NO PSYCHOLOGIST, BUT TO ME THE ITCH IS AS DEEP AS DNA. IT’S NOT A LEARNED BEHAVIOUR, SO IT CAN’T BE ‘UNLEARNED’. THERE IS NO ESCAPE.

Entrepreneurs start businesses because the itch gets too much. They resist it, they damp it with logic, they try to ignore it, but it never goes away. As time goes on, it intensifies. Finally, they are compelled to do something about it.

The caricature view of the entrepreneur as a risk-taking, slick-talking hustler could not be further from the truth. The real entrepreneurs, the ones that you and I work with, are just people doing everything they can

to scratch their itch. And no matter where they are in the world, no matter what industry their business serves, no matter what age, sex, creed or colour, the itch, the belief, the drive to find a better way is exactly the same.

They can see the path ahead. They can see the forks in the road, the options, the decision points. And they need help to work out which way to go.

At Castaway, every day we talk to entrepreneurs and to the accountants who look after them. Our customer base is split evenly, so we get a healthy range of views from both perspectives.

The Entrepreneurs tell us they see the services their accountants provide on 3 levels:

• They appreciate the compliance work that keeps their business on the right side of the law

• They value the work that supports and sustains the business (bank loans, grants and the like)

• They love the work that helps unlock the possibilities of the business (scratching the itch)

It should be no surprise that their level of ‘excite-

ment’ about the fees they pay follows the same order.

The Accountants we talk to tend to fit into one of 3 categories:

• A few tell us “my clients just don’t need that sort of stuff”

• Some say they build budgets and forecasts when clients ask for them

• For others, forecasting is the backbone of their advisory practice. Clients love the work they do and happily pay their fees

To the first group… who knows, they may well be correct. But if there’s even one entrepreneur on the client list, I guarantee that firm is not asking the right questions.

When we dig deeper with the second group, their focus is generally the entrepreneur’s second level of satisfaction, the sustaining and supporting work like applying for bank loans and grants, churning out annual budgets and the like. Although the demand generation is reactive, this work is useful for clients and can be readily systemised and productised into a profitable service… definitely a winwin.

The third group are different. They work differently, they think differently, they talk differently. And they get different results for clients. By different, I mean better… much better. Of course, the question of “how” they are different has a hundred answers.

One thing stands out for me. The third group have gone beyond forecasting as a maths exercise focused on putting numbers on a page. They’ve evolved to embrace the idea of forecasting as a framework for exploring what is possible. This is a big step, in both mindset and methodology. They’ve found the holy grail - a way to help their entrepreneur clients scratch the itch, a way to help those entrepreneurs unlock the possibilities in their business.

It’s a simple idea, but it’s counter-intuitive, especially for firms with strong compliance-based business models, where efficiency and capacity utilisation are the traditional optimisation tools.

But it’s also entirely intuitive. Clients perceive the greatest value when you help solve their biggest, most annoying problems.

And for an entrepreneur, the ‘itch’ is the most significant long term problem there is. And forecasting, the process of looking ahead, considering scenarios, facing realities, game-planning responses, making decisions, is the best framework I know for unlocking possibilities, for finding solutions to the itch.

So how do the third group of accountants start the conversations with their clients? How do they build the interest? How do they get the clients to happily agree to engage them?

Well, the good news is we’ve seen lots of different approaches… and they all work very well. It’s a matter of finding something that works for you. If you’re looking for somewhere to start, here’s a simple 3-step approach that involves zero selling, but is highly effective at unlocking possibilities for both you and your client.

1. Find the itch

Here’s an idea. Find a client. Take them to coffee, or to lunch, or just have a call. With genuine interest, ask 3 questions:

1. Why did you start this

business?

2. What were your dreams for the business back then?

3. How have those dreams changed?

You’re looking for the itch. Given the chance, and an engaged audience, most entrepreneurs love talking about their business. Some will open up immediately, the ideas and stories will just start flowing. For others, the conversation might take some time to get rolling.

If you’ve been in business a while, the daily grind, decision fatigue, pandemics and other challenges can wear you down … its all too easy to forget (or suppress) the original dreams for the business. In this situation, be patient and nurture the conversation. The memories will start to come back, a trickle at first and then more. Keep at it and you’ll see the imagination spring to life and the ideas start to flow. That’s the itch firing up again … it never goes away.

2. Run a Possibilities session

Find out more

Features XU Biweekly | No. 52 10 Saturday 8th April 2023

WE LIKE TO THINK WE KNOW OUR CLIENTS PRETTY WELL, BUT YOU KNOW WHAT ‘THEY’ SAY ABOUT ASSUMING…

As a company, we want to make sure that our customers succeed, and that our product plays an important role in helping our customers achieve their goals.

One of our team values at NextMinute is to sit alongside our customers and partners.

We also have the value proposition that we “make life easier by managing pricing, planning, people and profits.”

So, we recently put together a Customer Survey in order to get a better understanding of the needs and preferences of our customers, and to question are we delivering on what we promise?

‘They’ also say success is in the eye of the beholder, and our beholders are our customers - who are also your customers!

If you are a Trusted Advisor with clients in the Trade & Construction industry, here are some results from our Customer Survey that might help you understand the industry better.

Who are they?

Our average client is a 39 year old male builder, business owner, married with more than one child and has completed some form of tertiary education like trade school,

college or university.

What do they need?

We asked our clients, on a scale of 1 to 10 how important are the below items to their business (answers in order based on the av erage response.)

1. Profit

2. Managing their team

3. Save time

4. Consistent work

5. Scheduling work

6. More clients

This re-confirms for us that our value proposition of pricing, planning, people and profits aligns with what our customers con sider important in their businesses.

What do they want?

We asked them to rank the importance of family time on a scale of 1 - 10. It was num ber one.

Other questions around ‘hobbies and free time’ had a variety of answers, all of which included outdoor activities such as fishing, board sports, or playing sports with their family & friends.

These responses indicate that our clients value and want more time to spend...

Find out more

Want to make your accountancy practice more attractive to new and existing clients? Add more services and become a one-stop shop for startups and small businesses.

But how do you do that without hiring specialist staff? By partnering with SeedLegals, you’ll be able to offer a more comprehensive, integrated service for startups and SMEs. You do the accountancy tasks; your client uses SeedLegals for extras. You can choose to add SeedLegals as white label software to your existing digital services, or give your clients discounts for SeedLegals and claim a referral fee.

Established in 2016, SeedLegals is an online platform which combines automated legal documents with friendly, personalised help from a team of experts. Since 2020, the company has worked alongside accountants to provide clients with a seamless, affordable service.

Over 50,000 companies have used SeedLegals to grow and scale faster. As well as straightforward business legals such as employment contracts, company policies and board management, the legal-tech service helps founders and business owners with the pivotal moments that matter:

• Secure S/EIS Advance Assurance

Do S/EIS compliance

Two thirds of all SEIS and over half of all EIS Advance Assurance applications are

• Set up option schemes

Get an EMI valuation

One quarter of all UK EMI schemes are designed and managed on SeedLegals

• Do a funding round

Take an investment

SeedLegals is the UK’s number one closer of early-stage rounds in the UK with over £1 billion raised to date. The company pioneered ‘agile funding’ to help companies take one-off investments outside funding rounds.

Make clients happy - and boost profits

By partnering with SeedLegals, you have the reassurance of offering extra services via a market leader. And with a more extensive set of

WE 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! XU MAGAZINE IS CPD CERTIFIED FOLLOW OUR SISTER PUBLICATION... @xumagazine @xumagazine @XU Magazine @xu_magazine Tired of saying, ‘We can’t
you
5 THINGS YOU
help
with that’?
SHOULD KNOW ABOUT YOUR RESIDENTIAL CONSTRUCTION CLIENTS
DANNY BATEMAN OF SEEDLEGALS EXPLAINS HOW ACCOUNTANTS CAN USE LEGAL-TECH SOFTWAREAS-A-SERVICE TO OFFER MORE VALUE TO CLIENTS.
Highlights XU Biweekly | No. 52 Saturday 8th April 2023 11 New user Search users… Hilda Henderson
Sanders
Simpson
Becker
Benjamin
Antonio
Lucinda

SECURE PAYMENTS WITH PASSKEYS IS NOW AVAILABLE ON PAYPAL FOR GOOGLE ANDROID DEVICES

PASSKEYS OFFER A QUICKER WAY TO SIGN IN SECURELY TO PAYPAL

PayPal Ventures Invests in Finanzguru

FINANZGURU NOW BOASTS 1.5 MILLION REGISTERED USERS. COMPANY TRIPLED REVENUES AND ACHIEVED OPERATIONAL BREAK-EVEN IN 2022.

Frankfurt-based fintech Finanzguru, Germany’s leading open-banking enabled, holistic financial advisor, has raised EUR 13 million led by new investors SCOR Ventures and PayPal Ventures, with participation from existing investors including Deutsche Bank, coparion, VR Ventures, Hannover Digital Investments, Venture Stars and former Postbank CEO Frank Strauss. This raise brings Finanzguru’s cumulative funding to EUR 27 million since its launch in 2018. Finanzguru will use the funding to accelerate profitable growth in Germany, as well as to further expand its product platform. The company will also significantly strengthen its current team of 70 employees.

In 2022, Finanzguru tripled its revenues and is now generating annualized revenues of over EUR 10 million. In addition, the company achieved operational break-even, excluding its growth marketing efforts. Alexander Michel, co-founder and co-CEO of Finanzguru, said, "We have broken new ground with our financial advice products, which are based on a digital analysis of each customer’s payment transactions and unique financial situation. Our already strong growth shows that our products are resonating with customers, and we are now focused on expanding our insurance and pension business.”

Benjamin Michel, co-founder and co-CEO of Finanzguru, said, "By adding personal financial advice as an offering in the Finanzguru app, we are meeting a real need in the German consumer market. This has allowed us to greatly expand our business over the past 18 months. We are pleased to be able to continue to

drive growth with the support of two new high-profile investors".

Will Thorne, Head of SCOR Ventures, added, "SCOR Ventures invests in innovative companies solving risk for individuals, businesses, and our planet. We believe Finanzguru has a unique opportunity to support financial resiliency and community wellbeing by offering products that close the care and protection gap for all users."

Alexandros Bottenbruch, Principal at PayPal Ventures, commented, “Finanzguru has pioneered a data-driven, open banking solution that democratizes access to financial well-being by removing complexity from personal financial management. We're excited to support Finanzguru on the next stage of their journey as they work to ensure that everyone, regardless of background or economic standing, can take control of their financial lives.”

Initially launched in 2018 as a pure multibanking app, in recent years Finanzguru has expanded into an independent platform that allows its customers to manage all of their banking accounts and contracts. Since mid2021, the company has also offered its customers independent advice on insurance and financial products based on a digital analysis of their banking data, which can be accessed in a state-ofthe-art setting by phone or video chat.

Finanzguru has grown to more than 1.5 million registered users and is Germany's fastest growing financial startup in terms of downloads. More than 100,000 of the app's users are already utilizing Finanzguru’s brokerage services and buying financial and insurance products. Given that Finanzguru’s customers have already linked their bank accounts to the app, they are able to receive personalized, in-depth...

Find out more

PayPal helps customers shop and pay with peace of mind knowing their privacy, money and purchases are protected every step of the way. We recently took another step to help customers access their account and pay securely by introducing passkeys on Apple iOS as a new, easy and secure log-in method for eligible PayPal customers. Today, we’re expanding passkeys to eligible customers on Google Android devices, starting on Android mobile web1.

Rolling out to customers

now and becoming more widely available over the coming year, Android mobile device users in the U.S. running the Android 9+ operating system can now create a passkey for their PayPal personal account using the Chrome browser. Once a PayPal user creates a passkey, users won't need to remember or type in their password to log in, allowing them to check out with greater ease.

Passwords are still here to stay on PayPal. With the option to create a passkey, Android users can take the next step toward a passwordless future, today.

Keep reading

NORDIGEN EXECS JOIN GOCARDLESS LEADERSHIP TEAM

FORMER CEO, CPO AND CTO OF NORDIGEN TO HOLD LEADERSHIP ROLES IN DATA, CONNECTIVITY AND ENGINEERING AS INTEGRATION OF THE TWO COMPANIES CONTINUES.

GoCardless, a global leader in bank payment solutions, has appointed three executives from open banking provider Nordigen, which it acquired last year, to its leadership team.

Rolands Mesters, co-founder and former Chief Executive Officer at Nordigen, is now Vice President of Bank Account Data at GoCardless. Fellow co-founder Roberts Bernans, previously Chief Product Officer at Nordigen, has been named Vice President of Connectivity, and former Nordigen Chief Technology Officer Jake Sebastian-Jones has joined the Product team as a Director of Engineering.

Wise Platform launches with Payfare, bringing faster and cheaper international payments to gig workers

WISE PLATFORM IS EXCITED TO ANNOUNCE OUR NEWEST PARTNERSHIP WITH PAYFARE, A LEADING FINTECH POWERING INSTANT PAYOUT AND DIGITAL BANKING SOLUTIONS FOR THE GIG WORKFORCE. NOW, OVER ONE MILLION PAYFARE CARDHOLDERS HAVE ACCESS TO A SECURE, LOW-FEE, FAST AND CONVENIENT WAY TO SEND MONEY ABROAD, ALL WITHIN THE PAYFARE ECOSYSTEM.

As the cost of living rises and gig platforms look for more ways to support their workforces, partnering

with Wise provides Payfare cardholders additional savings when sending money abroad. Wise supports payments in over 50 currencies, including USD, EUR, CAD and AUD, to more than 70 countries.

Payfare cardholders will be able to see the amount, the exchange rate, the fee, and the time it will take for money to settle in the recipient’s account for every payment. This makes the process of sending money abroad fully transparent, and gives Payfare cardholders even greater ownership over their finances...

Keep reading

TODAY WE'RE RELEASING OUR 2022 GENDER PAY GAP REPORT, WITH THE AIM TO PUBLICLY HOLD OURSELVES TO ACCOUNT FOR PROGRESS ON GENDER EQUALITY WITHIN OUR WORKFORCE.

What is the Gender Pay Gap?

The Gender Pay Gap is the difference between the average earnings of men and women across a workforce. UK companies with 250+ employees are legally required to report annually on their Gender Pay Gap. Our report covers UK employees, and it’s a snapshot taken by all reporting companies on the same date, in this case 5 April 2022.

In addition, we have divided all UK employees into four pay quartiles based on their hourly compensation. A breakdown of the percentage of men and women in each quartile is provided

Mesters and Bernans will lead key areas of the business as the fintech unicorn seeks to capitalise on the $400 billion global open banking opportunity and become a leading provider of open banking data solutions. In his new role, Mesters will lead GoCardless’ new Bank Account Data group, helping more businesses to use open banking data to offer new services, make quicker and more efficient decisions and reduce fraud.

Bernans will be responsible for building and scaling GoCardless’ connections to payment schemes around the world and rapidly expanding its open banking connectivity footprint. The ex-Nordigen team will play a pivotal role in transforming GoCardless into a leading open banking provider for any business that wants to tap into open banking data...

Keep reading

below.

Although our Gender Pay Gap report only includes people who identify as men and women, as a company, we’re committed to treating all Revoluters fairly, including those who are trans, non-binary or any other gender identity.

Revolut’s Gender Pay Gap

Revolut continues to hire talent from across the globe for many of our roles. Between our 2021 and 2022 report, our UK team grew by 32% (52% globally). As of April 5, 2022 we are proud to say that 35% of our global workforce were women, a 3% increase from 2021. For the same period, 24% of our UK employees were women, a 1% increase from 2021.

While we still have work to do, we’re pleased to report that our median...

Read more

FinTech News XU Biweekly | No. 52 12 Saturday 8th April 2023
BOOK YOUR FREE TICKET WWW.ACCOUNTEX.CO.UK/LONDON PRIORITY CODE ACC248 TAKE YOUR PLACE AT THE FOREFRONT OF ACCOUNTANCY AND FINANCE EUROPE’S No.1 ACCOUNTANCY & FINANCE EXPO NETWORKING EXHIBITION EDUCATION GET UP TO 16 CPD HOURS ACX23_259x340_Advert.indd 1 21/03/2023 15:33

WE ARE PLEASED TO ANNOUNCE THE WINNER OF THE SHARESIGHT FINTECH SCHOLARSHIP FOR 2023, KAYTLIN PERKINS.

As a fintech company, we’re passionate about helping students get started on their pathway to successful careers in the financial and financial technology spaces.

We also believe gaining a solid education and knowledge of business fundamentals is crucial not only in helping students lead successful professional lives, but also

EURO TRANSFERS TO YOUR MONZO ACCOUNT

in adopting an investing mindset from a young age that will help them grow their wealth over the long term.

With this in mind, we established the Sharesight Fintech Scholarship, offering a one-off cash grant to a prospective student planning to study at an Australian university in the greater financial field..

This year’s winner, Kaytlin Perkins, plans to study a Master of Professional Accounting at Central Queensland University, with the aim of...

PAYPAL ADDS NEW FEATURES TO ITS COMPLETE PAYMENTS SOLUTION FOR ONLINE SMALL BUSINESSES

PAYPAL'S ONLINE PAYMENT SOLUTION ENABLES SMBS TO ACCEPT PAYPAL PAYMENTS, CREDIT AND DEBIT CARDS, DIGITAL WALLETS AND MORE. BEGINNING TODAY, SMBS WILL ALSO BE ABLE TO ACCEPT PAYMENTS WITH APPLE PAY®, ALLOW THEIR CUSTOMERS TO SAVE PAYMENT METHODS WITH THE PAYPAL VAULT AND KEEP THEIR CARDS UP TO DATE WITH REAL-TIME ACCOUNT UPDATER, AS WELL AS GET ACCESS TO FEATURES TO HELP THEM RUN THEIR BUSINESS INCLUDING INTERCHANGE PLUS PLUS (IC++) PRICING WITH GROSS SETTLEMENT.

PayPal Holdings, Inc.

(NASDAQ: PYPL) today announced it has added new features to its complete payments solution for small businesses. The solution en-

ables small businesses to accept a range of payments including PayPal, Venmo and PayPal Pay Later products. Giving customers more choice in how they can pay can help drive checkout. Fifty-nine percent of respondents of a recent Ponemon Institute study said their customers frequently abandon their shopping cart when their preferred payment method is unavailable.1 PayPal's complete payments solution also enables small businesses to process card payments directly on their website, and customize the checkout experience to match the look and feel of their brand, all through a single integration.

Beginning today, PayPal will also give small businesses access to four new features to help them drive...

Keep reading

EURO TRANSFERS TO YOUR MONZO ACCOUNT FROM 3 APRIL 2023. ALL YOU NEED TO DO IS SHARE YOUR IBAN (INTERNATIONAL BANK ACCOUNT NUMBER) WITH WHOEVER’S PAYING YOU.

From Monday 3 April, you’ll find your new IBAN in the Manage tab of your Monzo app next to your other account details, like sort code and account number.

If you’ve got more than one Monzo account (for example, if you have a joint or business account), you’ll have a different IBAN for each.

We’ll charge a 1% conversion fee, with a fee cap of £1,000 per transaction.

So, for example, if you get a payment worth £100, we’d take £1 and you’d get £99. And the fee for any amount over £100,000 will

be £1,000.

The fee only applies if we’re converting euros to pounds for you. If the bank that’s sending the money has already done that, we won’t charge you.

We use Currencycloud's exchange rate, which closely tracks the mid-market rate.

You can use this feature to get euros through the Single Euro Payments Area (SEPA) Credit Transfer scheme.

It’s a trusted method for transferring money digitally across Europe, and it covers a group of countries that support euro payments.

The scheme currently covers 36 countries and territories: all 27 EU Member States plus the United Kingdom, Iceland, Norway, Liechtenstein, Switzerland, Monaco, San Marino, Andorra and the Vatican City State/Holy See. Keep

FreeNow selects Stripe as its strategic payments partner

STRIPE WILL BECOME FREENOW’S PAYMENTS PARTNER IN GERMANY, IRELAND, THE UK, FRANCE, SPAIN, ITALY, POLAND, PORTUGAL, AUSTRIA, AND GREECE. FREENOW WILL USE STRIPE PAYMENTS TO BOOST AUTHORIZATION RATES AND STRIPE CONNECT FOR A SINGLE SIGN-ON EXPERIENCE ACROSS EUROPE.

Stripe, a financial infrastructure platform for businesses, has been selected by FreeNow to process the majority of its payments in Germany, Ireland, the UK, France, Spain, Italy, Poland, Portugal, Austria, and Greece. The core of the strategic partnership will involve using Stripe's payments

platform to boost authorization rates.

FreeNow is Europe’s largest multimobility app, allowing 56 million users to book e-bikes, e-scooters, taxis, and private cars through a single app. The service is a joint venture of the BMW Group and Mercedes-Benz Mobility and is available in more than 170 cities. FreeNow will use Stripe Connect, Stripe’s multiparty payment solution for platforms and marketplaces, to allow users to book transportation with a single sign-on across FreeNow markets.

“Stripe’s technology focus and ease of implementation make it the partner of choice for us. Stripe helps us move...

Live Nation Entertainment and PayPal Sign Multi-Year Deal To Expand Simple and Secure Payments to Fans Buying Tickets Worldwide

AT WISE PLATFORM, WE’RE DELIGHTED TO BE PARTNERING MULTIPLIER, THE HASSLE-FREE PLATFORM THAT LETS COMPANIES SEAMLESSLY HANDLE INTERNATIONAL #PAYROLL AND #BENEFITS FOR THEIR GLOBAL WORKFORCE.

Multiplier's customers can now benefit from faster and more streamlined payouts to their freelancers and contractors. This partnership provides an all-in-one solution for Multiplier’s global customers, revolutionising the way you make international payments.

The #integration with Wise Platform will enable Multiplier’s customers to pay overseas #freelancers and #contractors in multiple #currencies using our fast and convenient international

payments infrastructure.

Multiplier's co-founder and Chief Product Officer, Vamsi Krishna, commented on the partnership:

“Wise’s new feature allows even more Multiplier customers to use their local currency and local payment system, expanding our capabilities and bringing the Wise experience to more businesses around the world. This is a huge benefit for our customers, who choose Multiplier to make hiring, onboarding, and executing payroll for overseas employees a breeze.”

Multiplier and Wise – it’s the perfect pairing.

Keep reading

PAYPAL HOLDINGS, INC. (NASDAQ: PYPL) AND LIVE NATION ENTERTAINMENT, INC. (NYSE: LYV), TODAY ANNOUNCED A MULTI-YEAR STRATEGIC PARTNERSHIP THAT NAMES PAYPAL AS THE PREFERRED PAYMENTS PARTNER OF TICKETMASTER, PROVIDING

FANS A SIMPLE AND FLEXIBLE WAY TO BUY TICKETS TO THE LIVE ENTERTAINMENT THEY LOVE.

As a part of the partnership, fans will be able to pay with PayPal, PayPal Pay Later products, and Venmo* across Ticketmaster's... Read more

FinTech News XU Biweekly | No. 52 14 Saturday 8th April 2023
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