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4 Big Benefits of Moving Your Business Accounting to the Cloud

BY ON August 1, 2017

As a small business owner, one important way to boost your bottom line and pave the way for future growth is by embracing cloud-based applications. Not only are cloud applications for functions such as accounting scalable and affordable, they are often more reliable and more secure than if you tried to install and maintain software on your company’s own computers and servers. Here are four big benefits of moving your business accounting to the cloud:

#1: You’ll boost your bottom line

First and foremost, cloud applications are scalable, meaning that you only pay for the resources that you need. If you’re a small business with only a handful of employees, why would you pay the same amount as a large enterprise with significant resource needs?

Moreover, think about the difference in how you pay for software: there’s typically a big upfront installation cost, and then a lot of updates and hidde...

Receipt Bank raises $50 million to accelerate innovation

BY ON August 1, 2017

Article reposted with permission from Xero.

A huge congrats is in order for our app partner, Receipt Bank. In one of the biggest deals in UK fintech since Brexit, it’s just raised $US50 million in a Series B funding round, led by Insight Venture Partners.

Receipt Bank is one of the most popular integrations in our app marketplace, and for good reason.  As the first software company to automatically process information from uploaded images of receipts and invoices, it has transformed accounts payable and expenses for thousands of businesses. Launching in 2010, Receipt Bank now has of...