Saturday 4th May 2024 | No. 79
XU Biweekly
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2024 Xero Awards UK ApprovalMax and Cin7 Winners Announced! Core integrate to offer
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E’RE THRILLED TO ANNOUNCE AND SHARE THIS YEAR'S WINNERS WITH YOU. MEET THE ACCOUNTANTS, BOOKKEEPERS AND APP PARTNERS DOING OUTSTANDING THINGS IN THEIR FIELD.
Innovative Partner of the Year:
Small Business App of the Year:
Ecommerce Accountants LLP
Dext
Small Firm of the Year:
Ellacott Morris
Practice App of the Year: Bookkeeping Partner of the Year:
A2X
Accountability Edinburgh
Emerging App Partner of the Year:
Total Xero:
Nook
LJM Bookkeeping Ltd
Mid-size Firm of the Year:
National Partner of the Year:
Financial Services Partner of the Year: Crezco
Azets
Ad Valorem Group
Large Firm of the Year:
Community Impact Award:
SHORTS
Makesworth Accountants
Most Valued Professional: Jonathan Gaunt from FD Works!
Xero enters strategic Australian partnership with Deputy X ERO (ASX: XRO), THE GLOBAL SMALL BUSINESS PLATFORM, TODAY ANNOUNCED A STRATEGIC PARTNERSHIP WITH APP PARTNER DEPUTY, THE GLOBAL PEOPLE PLATFORM FOR HOURLY WORK, TO DEEPLY EMBED DEPUTY’S CAPABILITY INTO XERO PAYROLL FOR AUSTRALIAN CUSTOMERS, MAKING PAYROLL AND WORKFORCE MANAGEMENT EVEN EASIER.
Once available, Deputy’s workforce management capability will be deeply integrated into the Xero platform, bringing workforce management together with Xero's payroll and accounting in one place for Xero’s Australian customers. Xero and Deputy will also execute a go-to-market partnership in New Zealand,
which includes co-branded marketing efforts.
ciated with Australian product development.
As part of the strategic partnership with Deputy, Xero will invest USD$25million to take a minority position in Deputy to further increase the two businesses’ focus and alignment.
Xero CEO Sukhinder Singh Cassidy said: “As part of our focused FY25-27 strategy, Xero continues to optimise how we allocate resources to get the right results for customers, Xero and our stakeholders. As part of our commitment to help small businesses run more effectively, we’re excited to deepen our already strong integration partnership with Deputy to bring their workforce management technology to Xero’s Australian customers, all in one platform. These changes also provide an opportunity for Planday to focus its efforts on its strong core European markets, and maximise subscriber growth and customer value creation opportunities there even further.”
Xero also confirmed a decision to retire its Planday business in Australia but will continue to focus on Planday’s core business in Europe, including the UK. Planday will continue to support its Australian customers until 30 September 2024, during which time they will have the option to transition their workforce management needs to Xero’s preferred partner, Deputy. As a result, Xero expects to recognise an immaterial write down in FY25 of previously capitalised costs asso-
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Saturday 4th May 2024
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approval workflows to businesses managing large inventories
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PPROVALMAX, A LEADING PROVIDER OF INTERNAL FINANCIAL CONTROLS AND APPROVAL AUTOMATION, TODAY ANNOUNCED ITS INTEGRATION WITH CIN7 CORE, AN INTELLIGENT COMMERCE PLATFORM THAT DELIVERS CONNECTED INVENTORY PERFORMANCE. The strategic partnership is intended to bring finance and procurement teams closer, while allowing businesses to streamline purchase order management, build stronger financial controls, boost efficiency, and mitigate risks associated with managing large inventories.
“We know that inventory management is crucial for businesses’ success but many still use slow, manual processes to get it done.” said Konstantin Bredyuk, CEO of ApprovalMax. “By combining our powerful approval automation with Cin7 Core’s inventory management capabilities, we want to help these businesses tap into a faster, simpler, and easier way to handle inventory approvals and workflows, while still building strong financial controls.” ApprovalMax customers using Cin7 Core can tight-
en their financial controls, reduce errors, and enhance security in inventory management processes. Customisable workflows allow decision-makers to approve everything in one place, adding an extra layer of efficiency and control to business operations.
“We are excited to partner with ApprovalMax and offer our customers a seamless integration that enhances their inventory management and procurement processes,” said Arun Kumar, Global Director, Technology & Strategic Partnerships of Cin7. “By leveraging ApprovalMax’s approval automation functionality and financial controls, our customers can focus on growing their businesses while ensuring operations efficiency and business compliance.”
About the integration: With Cin7 Core and ApprovalMax, businesses can automatically route purchase orders from Cin7 to decision-makers within ApprovalMax, removing the need for manual follow-ups for a simpler approval process. This addresses common challenges finance teams face due to a lack of visibility and version control in the purchase order ap-
proval process, which often leads to delays, errors, and even potential fraud. Together Cin7 Core and ApprovalMax: • Multi-level and multi-conditional approval workflows for purchase orders, putting documents in the hands of the right people • Fraud detection capabilities that monitor changes to approved purchase orders, safeguarding businesses against potential fraudulent activities. • Flexible approval workflow management, allowing finance teams to make changes directly in ApprovalMax without modifying Cin7 Core settings. • Automated notifications keep stakeholders informed throughout the approval process, reducing bottlenecks and improving collaboration. • Seamless integration with Xero and QBO today, so businesses can approve purchase orders, invoices, and credit notes from a single platform. Additional integrations with other prominent accounting platforms in the future.
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