How to Scale with Xero as a Multi-Entity Group with David Tuck of Mayday

Digital Supply Chain Talk for SME's

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Step into the mysterious and visually stunning world of The Electric State as host Francesca Amiker takes you behind the scenes with the creative masterminds who brought Simon Stålenhag’s dystopian vision to life. In this premiere episode, directors Joe and Anthony Russo, stars Millie Bobby Brown and Chris Pratt, writers Christopher Markus and Stephen McFeely, and producers Angela Russo-Otstot and Chris Castaldi reveal how they transformed a haunting graphic novel into an epic cinematic experience. Watch The Electric State coming to Netflix on March 14th. Check out more from Netflix Podcasts . State Secrets: Inside the Making of The Electric State is produced by Netflix and Treefort Media.…

about a year ago 40:01

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Takeaways

Mayday offers products that automate month-end processes for finance teams using Xero, including inter-company balances, recharging costs and revenues, and bank reconciliations.
The Xero ecosystem provides a range of apps and solutions that can be customised to meet the specific needs of each business.
In-house finance teams can benefit from building a tech stack that streamlines their processes and reduces manual work.
CFO TechStack is a community created by Mayday that offers content, community, and events for in-house finance leaders using Xero.
Get tickets to their Stack event in September - https://stacked.cfotechstack.com/

Chapters

00:00
Introduction

03:05
David Tuck's Background and Journey as an Accounting Tech Entrepreneur

06:12
The Problem Mayday Solves: Month-End Automation for Finance Teams

09:05
The Growing Need for Month-End Automation in the Xero Ecosystem

13:05
The Challenges of Pricing and Anchoring in the Xero Ecosystem

16:16
The Rise of Multi-Entity Businesses and the Need for Solutions

19:23
Building a Community for In-House Finance Leaders: CFO TechStack

23:43
Demystifying the Xero App Ecosystem with Mayday's App Map

29:06
Geographical Reach and Community Engagement

35:03
Future Plans for Mayday and the Importance of Revenue Recognition

38:08
Closing Remarks and Contact Information
David Tuck - https://www.linkedin.com/in/tuckdavid/
Mayday - https://www.getmayday.com/
CFO Techstack - https://www.cfotechstack.com/
Stacked Event - https://www.cfotechstack.com/stacked

Your host is Matt Flanagan.
Got a question for him reach out at enquiries@bluehub.co.uk

8 episod

#Tech #BlueHub #Digital Supply Chain #Inventory #Stock #ERP #Cin7

Digital Supply Chain Talk for SME's

How to Scale with Xero as a Multi-Entity Group with David Tuck of Mayday

Digital Supply Chain Talk for SME's

published about a year ago

Kongsi

MP3•Laman utama episod

Takeaways

Mayday offers products that automate month-end processes for finance teams using Xero, including inter-company balances, recharging costs and revenues, and bank reconciliations.
The Xero ecosystem provides a range of apps and solutions that can be customised to meet the specific needs of each business.
In-house finance teams can benefit from building a tech stack that streamlines their processes and reduces manual work.
CFO TechStack is a community created by Mayday that offers content, community, and events for in-house finance leaders using Xero.
Get tickets to their Stack event in September - https://stacked.cfotechstack.com/

Chapters

00:00
Introduction

03:05
David Tuck's Background and Journey as an Accounting Tech Entrepreneur

06:12
The Problem Mayday Solves: Month-End Automation for Finance Teams

09:05
The Growing Need for Month-End Automation in the Xero Ecosystem

13:05
The Challenges of Pricing and Anchoring in the Xero Ecosystem

16:16
The Rise of Multi-Entity Businesses and the Need for Solutions

19:23
Building a Community for In-House Finance Leaders: CFO TechStack

23:43
Demystifying the Xero App Ecosystem with Mayday's App Map

29:06
Geographical Reach and Community Engagement

35:03
Future Plans for Mayday and the Importance of Revenue Recognition

Your host is Matt Flanagan.
Got a question for him reach out at enquiries@bluehub.co.uk

8 episod

#Tech #BlueHub #Digital Supply Chain #Inventory #Stock #ERP #Cin7

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Digital Supply Chain Talk for SME's

1
Networking, AI & Key Insights from the CIN7 Partner Summit with Matt Flanagan & Callum Wagstaff 33:22

30 weeks ago33:22

33:22

In this episode of Digital Supply Chain Talk, hosts Matt Flanagan and Callum Wagstaff discuss their experiences at the CIN7 Partner Summit and other recent events. They share insights on networking, product updates, and the importance of personal connections in the digital supply chain space. The conversation highlights key developments in CIN7 's offerings, including AI integration and intelligent document recognition, and reflects on the value of community engagement among CFOs and industry partners. The episode concludes with thoughts on future events and the importance of building relationships in the industry. Takeaways Connecting personally enhances collaboration and understanding. Attending events provides insights not available through marketing. Product updates at CIN7 were more cohesive this year. The altitude in Denver affected our energy levels significantly. CIN7 Pay will allow payments directly within the inventory system. Intelligent Document Recognition will save time for businesses. AI integration in CIN7 will help make informed decisions. Networking is as valuable as product information at events. CFOs play a crucial role in project success and clarity. Community engagement is essential for ongoing industry relationships. Chapters 00:00 Introduction and Event Overview 03:00 Insights from the CIN7 Partner Summit 05:59 Key Product Updates from CIN7 11:57 Exploring AI and Intelligent Document Recognition 17:54 Networking and Community Building 24:11 Reflections on CFO Engagement and Reporting 30:03 Conclusion and Future Events If you have any questions at all please don't hesitate to get in touch. https://bluehub.co.uk/contact Your host is Matt Flanagan . Got a question for him reach out at enquiries@bluehub.co.uk…

Digital Supply Chain Talk for SME's

1
Exploring ApprovalMax: Matt Lowry on Streamlining Multi-Step Approvals with Accounting & Inventory Systems 31:50

31 weeks ago31:50

31:50

In this conversation, Matt Lowry from ApprovalMax discusses the history and features of the approval workflow software. ApprovalMax was founded in 2014 and is integrated with accounting systems like Xero, QuickBooks Online, NetSuite, and CIN7 Core. The software allows for multi-step, multi-tiered approvals and provides visibility and traceability in the approval process. It also offers features like fraud detection and OCR. The product is flexible and can be accessed through a web app, mobile app, or Slack integration. Onboarding and support are available through a free trial, sales representatives, and a 24/5 support team. Takeaways: ApprovalMax is an approval workflow software that integrates with accounting systems like Xero, QuickBooks Online, NetSuite, and CIN7 Core. The software allows for multi-step, multi-tiered approvals and provides visibility and traceability in the approval process. ApprovalMax offers features like fraud detection and OCR, and it can be accessed through a web app, mobile app, or Slack integration. Onboarding and support are available through a free trial, sales representatives, and a 24/5 support team. Chapters: 00:00 Introduction and Background 03:30 Overview of ApprovalMax 07:38 Integration with Accounting Systems 11:24 Sales and Implementation Process 13:48 Integration with Other Systems 17:27 Addressing Hybrid Work Environments 20:23 Ease of Use and Daily Impact 23:43 Onboarding and Support 29:39 Getting in Touch with ApprovalMax If you have any questions at all please don't hesitate to get in touch. https://bluehub.co.uk/contact https://approvalmax.com/ Your host is Matt Flanagan . Got a question for him reach out at enquiries@bluehub.co.uk…

Digital Supply Chain Talk for SME's

1
Mastering Warehouse Efficiency: Thomas Bennett from PeopleVox on Scaling Fulfillment Operations 37:27

38 weeks ago37:27

37:27

Tom from PeopleVox discusses warehouse management and the challenges brands face when scaling up their fulfillment operations. He explains that the triggers for considering a warehouse management system (WMS) include the need for more efficiency, reducing warehouse labour costs, and improving inventory accuracy. Tom also highlights the importance of timing and planning when implementing a WMS, as it can take anywhere from a few weeks to several months depending on the complexity of the implementation. He emphasises the value of working with a WMS provider who understands the pain points and goals of the business. Peoplevox specializes in warehouse management systems for e-commerce businesses. They offer nine different picking methods to improve warehouse efficiency and handle data management. The system is particularly beneficial for larger brands with high turnovers and complex operations. Returns are a significant challenge for e-commerce brands, and Peoplevox helps streamline the process. They also provide ongoing support and customer success to ensure clients are getting the most out of the system. The implementation process involves an initial call, tech stack review, software demonstration, and proposal. Peoplevox charges an implementation fee and a monthly fee that is only realised once the client is live and benefiting from the system. Takeaways Warehouse management systems (WMS) can help brands improve efficiency, reduce labour costs, and achieve accurate inventory management. The triggers for considering a WMS include the need for more efficiency, reducing warehouse labour costs, and improving inventory accuracy. Implementing a WMS can take anywhere from a few weeks to several months, depending on the complexity of the implementation. Working with a WMS provider who understands the pain points and goals of the business is crucial for a successful implementation. Peoplevox specializes in warehouse management systems for e-commerce businesses, offering nine different picking methods to improve efficiency. The system is particularly beneficial for larger brands with high turnovers and complex operations. Returns are a significant challenge for e-commerce brands, and Peoplevox helps streamline the process. The implementation process involves an initial call, tech stack review, software demonstration, and proposal. Peoplevox charges an implementation fee and a monthly fee that is only realised once the client is live and benefiting from the system. Chapters 00:00 Introduction 03:12 Overview of Warehouse Management and PeopleVox 07:06 Triggers for Considering a Warehouse Management System 09:32 Challenges in Scaling Up and Moving Warehouses 14:14 Timing and Planning for a Successful WMS Implementation 19:00 Optimising Warehouse Efficiency 20:27 Streamlining Returns 22:13 Incorporating Tactile Investment into E-commerce 24:12 Exploring Peoplevox's Content and Offerings 25:34 Diverse Brands Utilizing Peoplevox 26:29 Integration with Other Systems 31:09 Ongoing Support and Customer Success 32:30 Implementation Process of Peoplevox PeopleVox - https://www.peoplevox.com/ Thomas Bennett - https://www.linkedin.com/in/thomas-bennett-570667b3/ Your host is Matt Flanagan . Got a question for him reach out at enquiries@bluehub.co.uk…

Digital Supply Chain Talk for SME's

1
How to Scale with Xero as a Multi-Entity Group with David Tuck of Mayday 40:01

38 weeks ago40:01

40:01

David Tuck , co-founder and CEO of Mayday , discusses their mission to streamline the month-end closing process for finance teams using Xero. Mayday offers a suite of products including Balancer, Recharger, and Brag, which automate inter-company balances, recharging costs and revenues, and bank reconciliations across multiple entities. Tuck highlights the growing need for month-end automation as businesses scale and the challenges faced by in-house finance teams. He also emphasizes the value of the Xero ecosystem and the importance of building a tech stack that meets the specific needs of each business. Mayday has also created a community called CFO TechStack , providing content, community, and events for in-house finance leaders using Xero. Takeaways Mayday offers products that automate month-end processes for finance teams using Xero, including inter-company balances, recharging costs and revenues, and bank reconciliations. The Xero ecosystem provides a range of apps and solutions that can be customised to meet the specific needs of each business. In-house finance teams can benefit from building a tech stack that streamlines their processes and reduces manual work. CFO TechStack is a community created by Mayday that offers content, community, and events for in-house finance leaders using Xero. Get tickets to their Stack event in September - https://stacked.cfotechstack.com/ Chapters 00:00 Introduction 03:05 David Tuck's Background and Journey as an Accounting Tech Entrepreneur 06:12 The Problem Mayday Solves: Month-End Automation for Finance Teams 09:05 The Growing Need for Month-End Automation in the Xero Ecosystem 13:05 The Challenges of Pricing and Anchoring in the Xero Ecosystem 16:16 The Rise of Multi-Entity Businesses and the Need for Solutions 19:23 Building a Community for In-House Finance Leaders: CFO TechStack 23:43 Demystifying the Xero App Ecosystem with Mayday's App Map 29:06 Geographical Reach and Community Engagement 35:03 Future Plans for Mayday and the Importance of Revenue Recognition 38:08 Closing Remarks and Contact Information David Tuck - https://www.linkedin.com/in/tuckdavid/ Mayday - https://www.getmayday.com/ CFO Techstack - https://www.cfotechstack.com/ Stacked Event - https://www.cfotechstack.com/stacked Your host is Matt Flanagan . Got a question for him reach out at enquiries@bluehub.co.uk…

Digital Supply Chain Talk for SME's

1
eCommerce & Manufacturing Accounting with Inventory Systems in a Xero world 38:49

38 weeks ago38:49

38:49

In this conversation, Matt Flanagan and Stuart Hurst discuss the benefits and challenges of using cloud accounting, specifically focusing on the Xero platform. They highlight the scalability of Xero and its ability to cater to businesses of all sizes, from small start-ups to multinational companies. They also emphasise the affordability of Xero compared to other accounting software. The discussion touches on the importance of process review and mapping when integrating inventory systems and e-commerce platforms with Xero. They stress the need for proper planning and forecasting to avoid overwhelming Xero and the importance of involving the team in the change management process. Finally, they discuss the common challenges of scaling on Xero and offer advice on overcoming them, such as bringing in additional apps and having a long-term vision and plan. In this conversation, Stuart Hurst and Matt Flanagan discuss the importance of understanding the cultural and people aspects of implementing new systems. They emphasise the need for analysis and optimisation of systems to get the most out of them. They also highlight the challenges of keeping up with frequent software updates and the need for regular reviews of system usage. The conversation touches on topics such as the impact of system changes on job roles, the importance of accurate data for reporting, the challenges of multi-currency transactions, and the significance of data quality and consistency for effective reporting. Takeaways Xero offers scalability and can cater to businesses of all sizes Xero is affordable compared to other accounting software Proper process review and mapping are crucial when integrating inventory systems and e-commerce platforms with Xero Involving the team in the change management process is important for successful implementation Planning and forecasting are essential to avoid overwhelming Xero as the business scales Having a long-term vision and plan is critical for effective scaling on Xero Understanding the cultural and people aspects is crucial when implementing new systems Regular analysis and optimisation of systems are necessary to maximise their benefits Frequent software updates can pose challenges, and regular reviews of system usage are important Multi-currency transactions require careful consideration and the right tools Data quality and consistency are key for effective reporting Chapters 00:00 Introduction and Background 03:04 The Scalability and Affordability of Xero 08:30 Integrating Inventory Systems and E-commerce Platforms with Xero 11:02 The Importance of Process Review and Mapping 13:25 Involving the Team in the Change Management Process 15:36 Planning and Forecasting for Successful Scaling on Xero 19:11 The Cultural and People Aspects of System Implementation 19:35 Optimising Systems for Maximum Benefit 20:04 Challenges of Frequent Software Updates 21:03 The Importance of Regular System Usage Reviews 23:02 Accurate Data: The Foundation of Reliable Reporting 24:21 Navigating Multi-Currency Transactions 29:13 Data Quality and Consistency for Effective Reporting Keywords accounting, Xero, scalability, affordability, inventory systems, e-commerce, change management, scaling, system implementation, system optimisation, software updates, system usage review, job role changes, accurate data, multi-currency transactions, data quality Stuart Hurst - https://www.linkedin.com/in/stuart-hurst-cloud/ TikTok - https://www.tiktok.com/@cloud10acc Your host is Matt Flanagan . Got a question for him reach out at enquiries@bluehub.co.uk…

Digital Supply Chain Talk for SME's

1
BlueHub Chew the Fat - Current Digital Supply Chain themes from current conversations with SME’s in eCommerce, Wholesale & Manufacturing 28:46

38 weeks ago28:46

28:46

In this conversation, Matt and Callum discuss various BlueHub projects they have been working on, including a lighting manufacturer, a sports apparel company, a beauty manufacturer, and a gaming device manufacturer. They highlight the importance of staying up to date with system updates and features, as well as the challenges of managing warehouses and integrating with 3PLs. They also emphasise the need for businesses to feel the pain and see the value before investing in new systems. Takeaways Staying up to date with system updates and features is crucial for maximising the benefits of a software system. Managing warehouses and integrating with 3PLs can be complex and require careful consideration of processes and integrations. Businesses need to feel the pain and see the value before investing in new systems. The size of a business does not necessarily determine its readiness for implementing new systems. The implementation process can take time and should be planned and prioritised accordingly. Chapters 00:00 Introduction and Project Overview 04:46 Improving Processes for a Lighting Manufacturer 08:48 Challenges of Managing Warehouses and 3PL Integration 12:05 Refresher Training for a Beauty Manufacturer 19:09 Account Review and System Setup for a Multi-Entity Business 21:19 Implementing Systems for a Gaming Device Manufacturer 25:46 Timing and Value in Implementing New Systems 27:35 Conclusion and Final Thoughts Keywords projects, lighting manufacturer, sports apparel, beauty manufacturer, gaming device, system updates, warehouses, 3PL integration, pain points, value Your host is Matt Flanagan . Got a question for him reach out at enquiries@bluehub.co.uk…

Digital Supply Chain Talk for SME's

1
Fingers, Toes, and Tax Codes: Navigating E-commerce with A2X 27:18

38 weeks ago27:18

27:18

Elspeth from A2X discusses the history and benefits of the A2X software, which helps e-commerce businesses streamline their accounting processes. A2X was started by two Amazon sellers who realised the need for a solution to handle complex Amazon accounting data. The software consolidates data from various e-commerce platforms and integrates with accounting software like Xero and QuickBooks. It eliminates the manual processing of reconciling sales, expenses, and taxes, providing accurate financial insights quickly. A2X offers onboarding support, training resources, and a global support team to assist users. Takeaways A2X helps e-commerce businesses streamline their accounting processes by consolidating data from various platforms and integrating with accounting software. The software eliminates the manual processing of reconciling sales, expenses, and taxes, providing accurate financial insights quickly. A2X offers onboarding support, training resources, and a global support team to assist users. The software is particularly beneficial for sellers on platforms like Amazon, eBay, Etsy, and Shopify. Chapters 00:00 Introduction and Background of A2X 05:50 Core Features and Benefits of A2X 08:03 Integrations and Expansion of A2X 13:25 Real-Time Integration and Data Accuracy 16:12 Onboarding and Support Options for A2X Users 18:17 A2X’s Growth and Global Presence 22:14 Impact of Brexit on E-commerce and A2X’s Role 25:09 Getting in Touch with A2X Keywords A2X, e-commerce, accounting, software, integration, reconciliation, financial insights Elspeth Cordray - https://www.linkedin.com/in/elspeth-cordray-micb-442603182/ A2X - https://www.a2xaccounting.com/ Your host is Matt Flanagan . Got a question for him reach out at enquiries@bluehub.co.uk…

Digital Supply Chain Talk for SME's

1
2 Minute New Pod Teaser - Find out what this Podcast is all about.... 2:22

41 weeks ago2:22

2:22

Exciting times! Find out about our upcoming launch of our new podcast 😀 What it's about? Who it's for? Where you can listen/watch it? What's next? See you in the next episode. Your host is Matt Flanagan . Got a question for him reach out at enquiries@bluehub.co.uk

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Digital Supply Chain Talk for SME's « » How to Scale with Xero as a Multi-Entity Group with David Tuck of Mayday

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Digital Supply Chain Talk for SME's « »
How to Scale with Xero as a Multi-Entity Group with David Tuck of Mayday