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

Xero

It’s likely many small businesses have a lot of capital tied up in receivables and inventory that they could turn into cash, something Waddle , a Xero company, and Commonwealth Bank of Australia (CommBank) are solving with Stream Working Capita l. The minimum value of nominated invoices is $15,000 per month.

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Xero Small Business Insights expands to the United States and Canada, providing timely updates on state of small business

Xero

Today, we were pleased to announce we’re extending the long-running Xero Small Business Insights program, and we will offer quarterly updates on the state of small business in Canada and the United States. So has the accelerated uptake of digital payments and online invoicing solutions amongst small businesses.

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How apps can make it simple to take climate action in your business

Xero

The Xero App Store is proud to feature a number of sustainability apps designed to make it easy for small businesses to take climate action by automating and streamlining sustainability measures. A 2020 study from IBM found that 6 in 10 consumers are willing to change their purchasing habits to reduce their impact on the environment.

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Latest product news — July 2022

Xero

If you’re a Xero partner, don’t forget to register for our upcoming quarterly product update , where our education team will walk you through a demo of all the latest releases, so you can maintain your advisor certification. Automatically add Xero contacts in Hubdoc — Global. Reimagine your Xero experience — Global.

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Meet five apps creating new ways to do business in 2022

Xero

Cloud-based apps and tools, like those in the Xero App Store or wider Xero Ecosystem, have given small businesses the ability to use a combination of apps to build their own bespoke business engine. decline (year to December 2020). decline (year to December 2020). And according to the numbers, the more apps the merrier.

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Business apps: Everything you need to know

Xero

Business apps are designed to help run your business, by assisting with common challenges such as invoicing , payroll , time tracking , reporting and inventory management. Business apps that connect to Xero do the same thing. during 2020, while those without apps saw a decline of 3.4%. . Apps help businesses save time.

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Cash flow crunch: The red flags impacting small business cash flow

Xero

Today, I am thrilled to launch part two of our Xero Small Business Insights special report Crunch: Cash flow challenges facing small businesses. Expenses were 14 percent higher in 2021 than in 2020 in Australia and New Zealand, and 18 percent higher in the United Kingdom. And, the effects are already being felt.

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