Receipt Bank has raised US $50 million in a Series B funding round led by Insight Venture Partners. The announcement came in a blog by Henry Bell, content manager at Receipt Bank. Receipt Bank provides bookkeeping automation software and provides integrations to most of the major accounting solutions for small businesses. Its core features include…
Xero was able to celebrate several milestones at its hybrid annual shareholder conference this year. Rod Drury, CEO was able to speak about Xero’s climb up both the New Zealand (NZX:XRO) and Australian (ASX:XRO) stock exchanges to become one of the leading technology companies within Australia. More importantly, at least for shareholders, he shared that…
Cloud accounting vendor Xero continues to outperform the market with its latest results. The results are impressive even when compared to Xero’s previous results. They also show that Xero has hit a major milestone. The second half of last years results show that the company had positive cash flow. This will cheer investors as it…
Xero has published a roundup of their March releases in a blog as the company continues to make improvements to its cloud accounting solution. The blog lists nine updates for March including end of year fiscal updates for payroll in Australia, New Zealand and the UK. Xero moves machine learning capability forward As showcased at the Xero Roadshow in…
I attended a Xero-Microsoft Power BI event at Metrobank this morning. It got me thinking about what companies should be looking for in a modern accountant. Gone are the days when an accountant’s role was that of a bean counter – prepare accounts, do the tax return and that was it for the year. The…
Xero has announced that it has reached one million subscribers. In the last two years it has doubled its subscriber numbers, adding 300,000 in the last year alone. That growth has been helped by the rapid acceleration of numbers in the UK, as its market presence there matures. The bulk of its subscribers are in…
Xero has announced integrations with three different financing firms. The news comes at a time when small business are finding the tap for loans is starting to open up. Biz2Credit revealed that the banks are increasing loan approvals, up to 24.1% in February 2017 (2016:22.8%). The new integrations include two companies that offer invoice financing,…
Neto has announced the expansion of its ecommerce software with the addition of advanced inventory for retailers. This expands the software to include real-time stock tracking, low stock alerts, and warehouse and suppler management. Neto is an all-in-one point of sale (POS), eCommerce, Inventory and fulfilment platform. It integrates with accounting software such as Xero…
A blog by Jim Chidester, Director of Product Marketing – Global Payroll, Xero announced they have delivered some new features. These improvements focus on statutory maternity (SMP) and sick leave (SSP), two of the more complex areas for organisations. These updates were promised in an earlier blog that detailed all the other complete and planned…
NetSuite has announced in a blog by Kimberly Odom, Director of WW Customer Marketing, Oracle NetSuite that Quicken has selected and implemented NetSuite Oneworld. Challenge of demerger On 31st March 31st Quicken officially became independent of Intuit. It sold the business unit to HIG private equity. Since then the company has had to separate its infrastructure…