We’re thrilled to share our exhilarating experience at the Xero Roadshow 2023, basically an accountant’s idea of Glastonbury! Find out what went on when the team to a trip to the Xero Roadshow in Manchester…
Reuniting with Xero: A Four-Year Hiatus Ends!
This year’s Xero Roadshow was a long-awaited reunion for us and the Xero community. The energy was infectious as finance enthusiasts (yes, we exist!) gathered to witness the unveiling of Xero’s plans and solutions. We were particularly excited to learn that XeroCon will be making a grand comeback in June 2024, promising an even more spectacular experience for those in the finance world.
Geek Mode Activated!
Our team had the opportunity to engage with Xero’s passionate promoters and explore the latest innovations on the stands. It was more than just a networking event; it was a chance to geek out over cutting-edge solutions. The camaraderie among like-minded individuals fuelled our enthusiasm to discover new ways to improve our services for our clients.
The Financial Powerhouse: Small Businesses
Did you know that small businesses with less than 10 employees contribute a staggering £934 billion to the UK economy? These businesses, often late adopters of technology, usually employ 1 in 4 people. At Insight Finance Solutions Ltd, we believe in the transformative power of utilising financial technology, and it was heartening to see that businesses embracing it reported improved customer experiences, smoother operations, and increased efficiency.
Overcoming Challenges
Xero understands the challenges faced by small businesses, including the resistance to change due to time constraints and the infamous “we’ve always done it this way” mindset. Xero’s mission is crystal clear – to ensure these businesses not only survive but thrive and become successful.
As Xero MD Alex Von Schirmeister aptly puts it, “Xero with benefits is Xero on steroids!“
Making Finance Even More Stress Free
At Insight Finance Solutions Ltd, we understand the importance of efficient cash flow management for small businesses, where paying bills often becomes a time-consuming manual process. Xero is addressing this challenge by introducing a ground-breaking bill payment experience in the UK, leveraging open banking.
As the first major small business cloud accounting software in the UK to do so, Xero now offers a seamless on-platform bill payment solution. This eliminates the need for external processes like paying bills separately, managing external wallets, entering credit card details, or exporting payment files. With this new feature, businesses can effortlessly complete their entire accounts payable workflow within Xero, gaining real-time visibility into upcoming payments and taking proactive control of their cash flow.
This is something that we will be looking into and helping our clients to implement over the next few months. If this sounds like something you and your business needs, contact us to arrange a chat.
It’s a game-changer in simplifying financial processes and empowering businesses to operate more efficiently.
Looking Towards the Future
The Xero Roadshow 2023 offered us a glimpse into the future of finance, where innovation meets resilience. We’re not just witnesses; we’re active participants in this journey. Armed with insights, connections, and a newfound enthusiasm, we’re gearing up to implement the latest solutions to enhance our clients’ financial experiences.
Conclusion
In conclusion, our team’s visit to the Xero Roadshow 2023 was nothing short of inspiring. The event not only reinforced our commitment to staying at the forefront of financial technology but also ignited a sense of anticipation for the upcoming XeroCon in 2024. As we continue to embrace change and innovation, we’re confident that the future holds nothing but success for us and our clients. Stay tuned for more updates on our journey through the ever-evolving landscape of finance!