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XU Biweekly - Issue 80 - 18th May 2024

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Saturday 18th May 2024 | No. 80

XU Biweekly

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The independent user news source for accounting apps and their ecosystems

Roveel welcomed to Xero App BGL launches CAS 360 Store to enhance drill-down in the United Kingdom reporting for small businesses B R OVEEL, THE REPORTING SOFTWARE COMPANY BASED IN NORWICH (UK), HAS LAUNCHED ITS GLOBAL INTEGRATION FOR XERO, UNLEASHING THE POWER OF DATA HELD BY SMALL AND MEDIUM BUSINESSES (SMES).

Now available for SMEs and accountancy firms via the Xero App Store, the reporting tool builds on the significant amount of data stored in a company’s accounting system and allows in-depth drill-down analysis to allow for smarter decision making. Established in 2014, Roveel helps accountants and business owners, directors, management, and staff save time on day-to-day admin report-

ing tasks and the need for endless Excel reporting. The value of data which an SME has access to is powerful in driving growth, identifying opportunities in sales and increasing profits.

of dashboards and reports covering areas from sales to finance, credit control, purchasing, stock and allows customers to manage their budgets, cash, and profitability with ease.

Diving deeper into data using Roveel’s drill-down functionality provides accountants and business owners with a powerful tool for quick analysis and reporting using the suite of pre-built business dashboards and reports. Roveel is supported by a comprehensive marketplace of additional insights, complemented by a bespoke service too, ensuring that the company motto of “ANY Report You Want” is fulfilled.

Mark Donaldson, founder of Roveel and former practice accountant, said: “The market has asked for more in-depth analysis and I am thrilled to launch our Xero integration and build upon our already strong market offering to SMEs. Roveel provides a secure and affordable way to generate the information required and empower teams. Being listed on the Xero app store and recognised as a connected app and certified by Xero is extremely exciting.”

Xero data is valuable and Roveel boasts a vast library

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GL CORPORATE SOLUTIONS (BGL), THE WORLD'S LEADING PROVIDER OF COMPLIANCE MANAGEMENT SOFTWARE SOLUTIONS, IS PROUD TO ANNOUNCE THE LAUNCH OF ITS COMPLETE COMPANY SECRETARIAL, TRUST AND AML MANAGEMENT SOFTWARE SOLUTION, CAS 360, IN THE UNITED KINGDOM.

"We are thrilled to bring CAS 360 to the UK market," said BGL's Chief Executive Officer, Daniel Tramontana. "It's been 2 decades since BGL first entered the UK market with its pioneering Corporate Affairs System (CAS) desktop software. The launch of CAS 360 in BETA is a testament to our team's dedication and hard work. CAS 360 is set to revolutionise how UK firms manage their compliance obligations

and we couldn't be prouder of this achievement."

To coincide with the launch of CAS 360 in the UK, BGL is excited to welcome Ashley Barker to the BGL team. Based in the UK, Ashley joins as the dedicated UK Business Development Manager.

With a focus on building strong relationships with prospective clients and partners, Ashley will drive growth in BGL cloud products and deliver remarkable experiences to our UK clients. Warren Renden, General Manager – CAS 360, Ecosystem and UK at BGL, said: 'The launch of CAS 360 in the UK is a significant milestone for BGL. Our software is designed to streamline compliance processes and

we are confident it will be a game-changer for UK accountants and company administrators." CAS 360 is the complete company secretarial, trust and AML management software solution designed to help accounting firms, corporate service providers and company groups efficiently manage compliance obligations in one innovative and user-friendly platform. With automated alerts and integration with UK Companies House, CAS 360 provides streamlined workflows for managing companies (Annual Return confirmation statements, company registrations and common changes made by companies), trusts, AML compliance and more.

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Allica Bank doubles down on accountancy sector as it launches accountancy partnerships team

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LLICA BANK – THE DIGITAL CHALLENGER BANK BUILT ESPECIALLY FOR ESTABLISHED SMES – HAS ANNOUNCED THE LAUNCH OF A NEW PARTNERSHIPS TEAM, SPECIFICALLY FOCUSED ON GROWING ITS RELATIONSHIPS WITH ACCOUNTANCY FIRMS ACROSS THE UK.

Recently named by Deloitte as the UK’s fastest-growing business of 2023 in its Technology Fast 50 Awards, the business

bank sees accountants as a vital connection to its core segment of established SMEs. It defines ‘established SMEs’ as those businesses with 5 to 250 employees – a group that currently contribute a third of UK turnover and employment. Allica, which offers a range of lending and savings products for established businesses, has defined itself by offering each of its business current account customers a dedicated relationship manager, built on modern tech-

nology – Allica has described it as ‘business banking like it used to be, just better’. The bank has won awards such as Best Business Finance Provider at the 2023 British Bank Awards and Best Commercial Mortgage Provider at the 2023 Business Moneyfacts Awards. Initially a team of eight partnerships managers with coverage across the UK, this new team will be led by Sophie Hossack, previously the first employee at Dext (formerly Receipt Bank) and

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Rich Williams, who previously led Australian asset finance intermediary, Stratton Finance. The role of the new team will be to collaborate closely with accountancy firms to help them and their clients get more from their banking with personalised and dedicated support. The team will run regional events, share knowledge, and help accountants add value to their client relationships.

Discussing the need for a bank that prioritises accountant relationships, Mitch Hahn, CEO of accountancy firm Nordens said: "Over the years we’ve tried to work with all the high street banks, but frustratingly, we’ve found most have fallen short time and time again. They haven’t really understood our clients, their needs or their potential. "Last year one of our clients introduced us to Al-

lica Bank because they’d started banking with them. It was refreshing to talk to the banking team there who were genuinely interested and passionate about working with us and our clients. "It’s key for accountants and banks to work together to provide business owners with an excellent service. We’re pleased (and relieved!) to have finally found a bank willing to step up and deliver."

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XU Biweekly - Issue 80 - 18th May 2024 by XU Magazine - Issuu