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What’s New In Xero – July 2024 FR EE !
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Saturday 27th July 2024 | No. 85
XU Biweekly
The independent user news source for accounting apps and their ecosystems
Changes to the retirement of classic invoicing
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INCE XERO ANNOUNCED THE RETIREMENT OF CLASSIC INVOICING IN JANUARY, THEY’VE RECEIVED FEEDBACK FROM THE XERO COMMUNITY ABOUT THE NEW INVOICING EXPERIENCE WHICH HAS HELPED SHAPE FURTHER FEATURES AND ENHANCEMENTS.
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Changes to the retirement of classic invoicing • On 1 September at 10pm BST, all invoicing users will automatically default to the new version each time they log into Xero. Some users will be notified at the time and introduced to the new version of invoicing prior to 1 Septem-
ber when they create an invoice to gradually get familiar with the new experience. • We’ve extended the availability of classic invoicing, so users can choose to switch back to it until 19 November at 8pm GMT. Features and enhancements now available in new invoicing
Apxium Announces Integration with FYI to Streamline Document Airwallex EMEA sees strong momentum Management for Accounting Firms with 152 percent revenue increase YoY To help ensure a smooth transition, you now have
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PXIUM, A LEADER IN INNOVATIVE ACCOUNTS RECEIVABLE AND PAYMENT SOLUTIONS FOR ACCOUNTING FIRMS, IS EXCITED TO ANNOUNCE A NEW INTEGRATION WITH FYI, A DOCUMENT MANAGEMENT SOFTWARE WIDELY USED BY ACCOUNTING AND BOOKKEEPING PRACTICES. This powerful integration is set to enhance efficiency and convenience for practices worldwide by automating the filing of engagements and audit prepaid compliance service agreements.
Revolutionizing Document Management With the integration of Apxium Collect and Apxium Audit Safe with FYI, accounting firms can now automatically file documents directly into FYI, against a selected cabinet. This seamless process ensures that all documents are organised and easily accessible, streamlining workflows and reducing the time spent on administrative tasks. "We are thrilled to introduce this integration with FYI," said Gabor Szekernyes, the Chief Commercial Of-
ficer at Apxium. "Our goal has always been to provide accounting firms with the tools they need to operate more efficiently and focus on their clients. This integration is a significant step forward in achieving that goal."
Key Benefits of the Integration 1. Streamlined Processes: Eliminate manual data entry and document filing, saving time and reducing errors.
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IRWALLEX, A LEADING GLOBAL PAYMENTS AND FINANCIAL PLATFORM FOR MODERN BUSINESSES, CONTINUES TO SCALE RAPIDLY IN THE REGION, WITH A 152 PERCENT INCREASE IN REVENUE YEAR-ON-YEAR (YOY*) ACROSS EUROPE, MIDDLE EAST AND AFRICA (EMEA). It also grew its transaction volume YoY by 125 percent, amid a challenging macroeconomic environment for the fintech sector.
2. Enhanced Efficiency
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Airwallex’s regional growth demonstrates its
commitment to supporting businesses of all sizes to grow without borders. Globally, Airwallex’s customer base has swelled to over 100,000 businesses, signaling an increased need for more global payments and financial solutions to better serve small and medium-sized businesses (SMBs) and enterprise customers. Over 50 percent of EMEA customers use more than one of Airwallex’s products - ranging from business accounts, expense management, treasury management as well as virtual and physical cards. By partnering
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with Airwallex, businesses can scale into new markets to reach new customers and achieve greater supply chain efficiency by transacting like a local as they resource their company globally. Airwallex has also recorded strong growth in revenue and transaction volume in the UK specifically, at 157 percent and 136 percent respectively. This follows a number of new customer and partner wins including Moss and Plum Guide, as Airwallex continues to meet the demands of UK businesses looking to expand internationally.
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