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Satago (Latin): to Satisfy/Pay a Creditor The independent magazine for Xero users, by Xero users ISSUE 10 magazine ON DEMAND BUSINESS FINANCE Satago (Latin): to satisfy/pay a creditor COVER STORY ISSN 2054-7226 Satago’s Steven Renwick explains how 10 the Financial Web is transforming the 9 772054 722009 traditional lending landscape Have you subscribed? Go to subscriptions.xumagazine.com Follow us on Twitter: @xumagazine Issue 10 / 1 Have you subscribed for FREE? Go to subscriptions.xumagazine.com 30+ Integrations ALL-IN-ONE PROJECT MANAGEMENT SOFTWARE Powerful Job Mobile app workflowmax.com/xero 2 / Issue 10 XU Magazine - the independent magazine for Xero users, by Xero users. Find us online at: xumagazine.com Have you subscribed? Go to subscriptions.xumagazine.com Follow us on Twitter: @xumagazine Issue 10 / 3 46 / CASE STUDY - How simple Xero feature that’ll get you paid on 98 / Top tips for Xero users: Budget process automation helped time Manager Welcome to issue 10... increase efficiency & growth 76 / TUTORIAL - AutoEntry: 100 / Mitigating risk and making 6 / 2017 Up and Coming Tech traditional lending landscape advanced, feature-rich automation data security a top priority of data entry to Xero 8 / Explained: Xero Partner Program 22 / From rock music photographer Points to helping businesses develop 82 / Introducing mTrio 9 / TUTORIAL - Provide 24 / Why philanthropy matters: 84 / Mindset over money: why magazine Management Reports to Clients your small business guide to giving spending more on marketing is not The independent magazine Without Breaking a Sweat the answer for Xero users, by Xero users Issue 10 10 / FEATURE - On the back of a 86 / INTERVIEW - Q&A with Will beer mat: XU Magazine from start Lovegrove from pensionsync CEO: David Hassall (Co-Founder) to Issue 10 Managing Editor: Wesley Cornell 102 / NEW RELEASES - Updates (Co-Founder) and new releases: from the Xero Strategic Partnerships: Alex Newson 50 / A new year, a new global App Marketplace Staff Writer: Bethany Cox economy, and what that means to the Xero community 106 / Taking the ‘auto-magical’ to Editorial/News Submissions: If you have any editorial content (news, the next level comment, tutorials etc.) that you would 55 / TIMELINE - Innovations to help like us to consider for inclusion in the next you thrive in 2017 108 / Get ready, set, go! The edition of XU Magazine, please email us importance of a good set-up at [email protected] 14 / Top tips for setting up your own 62 / The ideal client: choosing the cloud business software advisory right clients and delivering valuable Advertising: [email protected] service 28 / COMPARED - Time & customer service attendance App comparison T: +44 (0)116 298 60 80 16 / INTERVIEW - Q&A with Michael E: [email protected] Wood from Receipt Bank 30 / TUTORIAL - Streamline your W: www.xumagazine.com invoicing with WorkflowMax… and 90 / Reconciling various customer get paid faster payment methods: get organised by ‘Xero’ is a trademark of Xero Limited (New Zealand). XU Magazine is collaboratively separating your deposits produced by an independent group of 32 / 5 silly excuses we give for not Xero users and is not affiliated in any way going paperless 92 / Alleviating reconciliation with Xero. All other trademarks are the ailments property of their respective owners. 34 / TUTORIAL - How to: using reports in ApprovalMax 94 / Does your accountancy firm © XU Magazine Ltd 2014-2017. All rights serve others or does it serve you? reserved. No part of this magazine may be used or reproduced without the 36 / New business in the UK The 7 systems that are changing the written permission of the publisher. XU reaches record high game Magazine is published by XU Magazine Ltd (08811842), registered in England and 38 / Move to high-tech, high touch 66 / TUTORIAL - Dryrun: help your Wales. Registered office: 12 Jordan Street, and watch your billable hours grow clients build a powerful recurring Liverpool, L1 0BP, United Kingdom. All budget… information contained in this magazine is for information only and is, as far 40 / A systems-based approach to as we are aware, correct at the time of delivering client work 70 / The all-new Xero HQ going to press. XU Magazine cannot 110 / APP DIRECTORY - App/ accept any responsibility for errors or 42 / ANNOUNCEMENT - Accountex 72 / Small business expansion: how Service Directory inaccuracies in such information. If returns to ensure compliance in Africa you submit unsolicited material to us, 20 / COVER STORY - How the 118 / Apple Pay is here! you automatically grant XU Magazine a licence to publish your submission in Financial Web is transforming the 74 / Forget me not: the automated whole or in part in all/any editions of the magazine, including in any physical or digital format, throughout the world. Any material you submit is sent at your MAackce sysoinugr csahsohr tfl toewrm w fiitnh aSnacteag too, yboriudrg ael lc-ians-hoflnoew gaps risk and, although every care is taken, ccaasnh flboew d siffiolcuulot na.s S ap esnmda llel sbsu simnes csh. aI sninege dceudst ao mwearys t o neither XU Magazine nor its employees, with our automated invoice reminder system. agents or subcontractors shall be liable access the money locked up in my unpaid invoices. for loss or damage. The views expressed “ Complete Cashflow Confidence in XU Magazine are not necessarily the 44 / TUTORIAL - How to use Try invoice reminders at satago.com views of XU Magazine Ltd, its editors or its MinuteDock for time billing with Then I found invoice finance from contributors. Xero 4 / Issue 10 XU Magazine - the independent magazine for Xero users, by Xero users. Find us online at: xumagazine.com Have you subscribed? Go to subscriptions.xumagazine.com Follow“ us on Twitter: @xumagazine Issue 10 / 5 partnership with connection services to boost accessibility of their products to customers. Subscription-based business Subscriptions are another win-win 2017 that are taking over in all kinds of industries. Customers have an easy way to renew services or products orders and know consistency. Having recurring monthly income Up and coming tech helps businesses budget, project and report more easily. So what are the up-and-coming technologies of 2017? This model is at its best when Accountants and small businesses, listen up for tech trends partnered with e-commerce and automated payments. You can according to Xero! almost certainly combine these in your business. S mall businesses have the may also increase vulnerable data downfall of remote working, the flexibility and creativity (like sensitive and private customer increased flexibility is the perfect Influencer marketing to take advantage of the power information) for those who have a starting point for some to thrive. technology holds to make our lives bring-your-own-device (or BYOD) Some people just work better when With the swell in social media, easier. They can quickly adapt to policy. they have the freedom to manage instead of looking to companies, use new technology by staying their own schedule, and are consumers look to their peers lean and agile. If they are savvy Having one device that is stolen working at a pace set by them. to apprise decisions of product enough, they can make the best may put huge amounts of company and cake means no more there on your site. purchase. Famous personalities on of technology whilst averting the data and security under threat. We can’t ignore the cost impact interruptions so you can get your media platforms now command the associated risks by adopting early Data silos are the solution to this remote offices have on both work done on time. Connection-as-a-Service opinions of their followers, making but being cautiously observant. increasing problem. They are a staff and companies. Despite them the big target for advertising data segregation fix; a separate there usually being some initial E-commerce The past few decades have seen products and services. Your Here’s are the trends to look out database to the business-wide setup costs, your company saves servitisation become the business- customers want to feel talked to for... system. Data for each department money on real estate in the long With projections for E-commerce model of envy. More and more rather than at, being fully informed or employee is isolated from the term; money that can be spent sales in 2020 of $4 trillion, small companies are transforming and and educated about your product. Chatbots, AI and Machine Learning rest of the company. on expanding your borders businesses need to jump on this developing their systems to include Companies the world over have geographically. Your employees bandwagon if they see a future for services that complement and even increased budgets specifically for Artificial Intelligence in not, by all Mobile devices are commonly save time and monetary costs of their company. supplement the products they offer, social media for this year...perhaps means, new this year but it is being used alongside mobile device commuting, and buying lunch and moving from a product-centred to it’s time for you to as well! used in new and exciting ways. management (MDM) in businesses. coffee and that expensive business- Quicker searching, one-click customer-focussed approach. AI is the simulation of intelligent These systems work alongside casual wardrobe. transactions, next-day delivery, not behaviour in computers, and its company policy to enforce security even having to leave your home This values the customer and their ability to think for itself. Machine and activity management of It has been shown that fewer sick once. It all comes down to time, needs, giving businesses who Learning is a type of AI, involving employees. MDM is starting to days are taken by those who work for both business and consumer.
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