Saturday 03 December 2022 | No. 44
XU Biweekly The independent news source for Xero users, by Xero users
AN OPEN LETTER FROM TIDE'S CEO, OLIVER PRILL: WE’VE ACQUIRED FUNDING OPTIONS T By Oliver Prill
ODAY, I’M DELIGHTED TO ANNOUNCE THAT TIDE HAS SIGNED AN AGREEMENT TO ACQUIRE FUNDING OPTIONS, A LEADING UK MARKETPLACE FOR SMES SEEKING BUSINESS FINANCE. THIS DEAL, SUBJECT TO FCA APPROVAL, WILL GIVE OUR MEMBERS ACCESS TO THE FUNDING OPTIONS PLATFORM OF LENDERS.
to make it easier for small business owners to access this vital resource. We know that getting credit is even more important to our members in these challenging times: not just in terms of the rising cost of doing business, but also when high street banks are typically slower to offer smaller businesses loans. The SME funding gap in the UK alone is estimated to be £56 billion.
In doing so, we aim to create one of the UK’s biggest marketplaces for SME credit, and
Why Funding Options? Read more
PLANDAY ANNOUNCES CEO RESIGNATION
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FTER MORE THAN 11 YEARS AS PLANDAY’S CEO, CHRISTIAN BRØNDUM HAS DECIDED TO RESIGN FROM THE POSITION. As Planday completes its recruitment process for the CEO role, Chris O’Neill, Xero’s Chief Growth Officer, will oversee the Planday business. Christian’s final day at Planday will be on 31 December 2022. Since 2011, Christian has led Planday through important stages of its international growth to become one of Europe’s leading scheduling and workforce management solutions supporting more than 400,000 employee users, through to its acquisition by Xero in April 2021. He has built a strong team who since the acquisition have achieved a number of milestones including establishing operations in Melbourne, Australia - led by Planday co-founder and Executive Gen-
eral Manager ANZ and Asia Pacific, Anders Frederiksen. In September 2022, this team launched Planday's first public beta for Australian customers ahead of plans to launch to the market in early calendar year 2023. Christian has also supported Planday’s UK business in product integration activities to further payroll and Time, Attendance & Scheduling functionality in that market. Today, Planday operates in Denmark, Norway, Sweden, the UK, Germany, Australia and the US. Planday aligns with Xero’s strategic priority to grow the small business platform, and collectively support more small businesses around the world. Xero estimates Planday has a Total Addressable Market of 100 million employee users. Xero is committed to helping make employment management...
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Leading Accounting Software Provider Spotlight Reporting Brings on New Director EMEA
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POTLIGHT REPORTING IS CONTINUING ITS EXPANSION IN THE U.K., IRELAND AND SOUTH AFRICA WITH A NEW ADDITION TO THE COMPANY’S LEADERSHIP TEAM. Miranda Kendall today joins Spotlight Reporting as Director EMEA. This role was specifically created to help meet the growing demand for Spotlight Reporting’s accounting and financial services software solutions in EMEA. In this role, Miranda will be prioritising UK & South African growth, market share,
customer and company outcomes. She will work closely with the existing EMEA team as well as global leadership to optimise the company’s positive impact in EMEA. With a robust career spanning more than 20 years, Miranda brings extensive eco-system experience from her previous roles as Managing Director UK for Karbon and Sales Director UK for Unleashed. Miranda also spent a number of years with Trustpilot in Australia as Sales Director APAC and Director APAC.
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Saturday 03 December 2022
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