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XSBI data indicates early impact of rising cost of living

Xero

In the UK, the Xero Small Business Index in April was 83, its lowest point since February 2021 and the most drastic monthly fall since April 2020. Similarly, they experienced the longest late payment time since September 2020, at an average of 7.7 The time it took for small businesses to be paid on average increased to 29.9

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Latest product news — July 2022

Xero

Update overdue bills and invoices in short-term cash flow — Global. In the weeks ahead, you’ll be able to change the planned and expected dates of overdue bills and invoices in bulk within Xero Analytics and Xero Analytics Plus. This automates more manual tasks, giving you back more time in your day.

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Key insights into small business performance in 2022

Xero

Across New Zealand, Australia, the UK, the US and Canada, sales have been trending slower during 2022 as customers find themselves with less to spend once they’ve paid their rent/mortgage, groceries, household bills and transport. Cash flow remains the number one challenge. Preparing for 2023.

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State of FinOps ’24: Top Priorities Shift to Reducing Waste and Managing Commitments

FinOps Foundation

State of FinOps Survey The State of FinOps is an annual survey conducted by the FinOps Foundation since 2020 to collect information about key priorities, industry trends, and the direction of the FinOps practice. With forecasting established, full allocation of cloud spending rose to third spot for those spending $100M or more per year. ⇒

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Meet five apps creating new ways to do business in 2022

Xero

decline (year to December 2020). Datamolino: Streamlining data from bills, invoices and receipts. Our research has shown that organisations who use five or more apps have seen sales growth of 4.3% , while those who don’t use any at all have experienced a 3.4% Datamolino streamlines and automates the accounts payable process.

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How CommBank and Waddle, from Xero, are unlocking cash in unpaid invoices to help small business grow

Xero

The cash conversion cycle – the time it takes to convert investments in inventory into cash – has increased from 55 days in 2020 to more than 100 days in 2022. It’s helping them smooth out their day-to-day cash flow, helping pay suppliers, staff and bills earlier – or at least on time.

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8 Benefits of Flexible Billing System Architecture

Billing Platform

On the surface billing is an easy concept to understand, however there are numerous independent applications that work in unison to create the billing system architecture. Billing requirements may vary between industries and from company to company.

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