iTWire - Accounting SoftwareiTWire - Technology News and Jobs Australiahttps://itwire.com/accounting-software.html2024-09-12T18:31:13+10:00Joomla! - Open Source Content ManagementZeller unveils the first next-generation payments and POS solution designed and engineered in Australia2024-08-26T10:18:15+10:002024-08-26T10:18:15+10:00https://itwire.com/accounting-software/zeller-unveils-the-first-next-generation-payments-and-pos-solution-designed-and-engineered-in-australia.htmlZellerstan.beer@itwire.com<div class="K2FeedImage"><img src="https://itwire.com/media/k2/items/cache/da589c09a1aa0f3de4f1b4e6b37eb4b4_S.jpg" alt="Zeller unveils the first next-generation payments and POS solution designed and engineered in Australia" /></div><div class="K2FeedIntroText"><p>The new Zeller Terminal 2, with a built-in point-of-sale app, redefines all-in-one payments and POS for businesses by combining industry-leading design, customisation, innovation, and affordability. </p> </div><div class="K2FeedFullText"> <p><a href="https://www.myzeller.com/" target="_blank" rel="noopener">Zeller</a>, the Australian fintech reimagining business banking, today announced the launch of <strong>Zeller Terminal 2 </strong>— a powerful all-in-one payments and point-of-sale solution for businesses of all sizes. In addition, the new <strong>Zeller POS Lite</strong> – a free, customisable point-of-sale app built-in to Zeller Terminal 2, enables businesses to manage inventory and track sales without the need for costly hardware or signing agreements with multiple providers.</p> <p>The new Zeller Terminal 2 offers premium design and unparalleled customisation at an affordable price point, setting a new benchmark in payments and POS technology to exceed outdated hardware offered by local and global providers and incumbent banks. </p> <p>Zeller Terminal 2 not only includes a free, built-in point-of-sale app enabling businesses to create items, apply discounts, track inventory, send itemised receipts, and manage their entire sales operations directly from the terminal, but also integrates seamlessly with over 600 third-party POS platforms. </p> <p>In a commitment to reducing the environmental cost of paper receipts, Zeller Terminal 2 supports email, SMS, and a new downloadable QR code receipts, having eliminated the traditional receipt printer. The terminal also delivers enhanced security for merchants and cardholders by prioritising acceptance of more secure payment methods such as EMV chip cards, contactless cards, and mobile wallet, having removed the traditional magstripe card reader— reducing the risk of credit card fraud, which the ABS estimates impacts over 1.8 million Australian annually. </p> <p>Zeller Terminal 2 was designed and engineered in Melbourne, with a unique hardware format never before seen in traditional EFTPOS terminals. It boasts Australia’s largest terminal screen (6.5-inch full-colour HD digital display) which allows businesses to select their preferred style by enabling the choice of light and dark modes, seamlessly adapting to any retail or restaurant environment. Additionally, Zeller Terminal 2 is the world’s first EFTPOS terminal available to purchase in three colours — black, white, and graphite, to complement any decor or business aesthetic.</p> <p><img src="https://itwire.com/images/authors-images/AndrewMatler/Screenshot_2024-08-26_102921.jpg" alt="Screenshot 2024 08 26 102921" width="374" height="251" style="display: block; margin-left: auto; margin-right: auto;" /></p> <p>Celebrating the world-first launch,<strong> Ben Pfisterer, co-founder and CEO at Zeller,</strong> said:</p> <p>"Zeller is proud to be a global leader in redefining the next generation in payments and point of sale, from right here in Australia. Zeller Terminal 2 is the most advanced, affordable, all-in-one payments and POS solution anywhere in the world. While other banks and providers are raising their fees, Zeller is dedicated to delivering premium products at affordable prices. We’re helping Australian business owners to streamline their operations, deliver a better customer experience, and ultimately survive and thrive.”</p> <p>"Designed and engineered by our team here in Melbourne, the launch of Zeller Terminal 2 marks another significant milestone for Zeller. In just over three years, we've delivered more financial services, payments, and POS innovation into a single platform, and are excited to introduce next-generation solutions to support our customers across Australia and see a positive impact on their businesses.”</p> <p>“We love that we can make the new Zeller Terminal our own,” said Aaron Chan, Zeller customer and co-founder at Kings Domain Barber Shops in Melbourne. “Style and design is important to our brand at King’s Domain, so the fact that the terminal complements our aesthetic, looks sleek, and is customisable, means it suits our business perfectly. Plus, being able to accept all cards – including AMEX – at one low flat fee, is a huge win.”</p> <p>Zeller Terminal 2 is available today exclusively at <a href="https://myzeller.com">myzeller.com</a> for the affordable retail price of $199. </p> <p><strong>Key features of Zeller Terminal 2: </strong></p> <ul> <li>Accept payments from EMV (chip)cards, contactless cards and mobile wallets.</li> <li>Built-in customisable point-of-sale app, Zeller POS Lite, included free.</li> <li>Integrates seamlessly with over 600 third-party POS systems.</li> <li>Split payments, automated tipping prompts, and surcharging for zero-cost EFTPOS.</li> <li>Email, SMS and downloadable QR-code receipt options. </li> <li>6.5” HD digital full-colour display with light and dark mode screen options. </li> <li>Customise terminal display by adding your business logo or promotional screensaver.</li> <li>Choice of three hardware colours to complement shop design.</li> <li>Wi-Fi, 4G SIM card and ethernet connectivity. </li> <li>Long-lasting, all-day battery.</li> <li>Low, flat-rate transaction fee for all cards (including American Express) of 1.4%.</li> <li>No recurring monthly fees or lock-in contracts. </li> </ul> <p><strong>Key features of Zeller POS Lite (included free with Zeller Terminal 2): </strong></p> <ul> <li>Streamline checkout with items, discounts, modifiers and variants available on screen.</li> <li>Drag-and-drop item customisation to make menu changes instantly. </li> <li>Customisable item grid for faster access to frequently sold items.</li> <li>See what you’re selling with inventory management and item-level reporting. </li> <li>Add items via Zeller Terminal 2 or Zeller Dashboard, or bulk upload items from your previous POS. </li> <li>Reduced paper waste with itemised receipts via email or SMS.</li> <li>Seamless, integrated payments via Zeller Terminal 2. </li> </ul></div><div class="K2FeedImage"><img src="https://itwire.com/media/k2/items/cache/da589c09a1aa0f3de4f1b4e6b37eb4b4_S.jpg" alt="Zeller unveils the first next-generation payments and POS solution designed and engineered in Australia" /></div><div class="K2FeedIntroText"><p>The new Zeller Terminal 2, with a built-in point-of-sale app, redefines all-in-one payments and POS for businesses by combining industry-leading design, customisation, innovation, and affordability. </p> </div><div class="K2FeedFullText"> <p><a href="https://www.myzeller.com/" target="_blank" rel="noopener">Zeller</a>, the Australian fintech reimagining business banking, today announced the launch of <strong>Zeller Terminal 2 </strong>— a powerful all-in-one payments and point-of-sale solution for businesses of all sizes. In addition, the new <strong>Zeller POS Lite</strong> – a free, customisable point-of-sale app built-in to Zeller Terminal 2, enables businesses to manage inventory and track sales without the need for costly hardware or signing agreements with multiple providers.</p> <p>The new Zeller Terminal 2 offers premium design and unparalleled customisation at an affordable price point, setting a new benchmark in payments and POS technology to exceed outdated hardware offered by local and global providers and incumbent banks. </p> <p>Zeller Terminal 2 not only includes a free, built-in point-of-sale app enabling businesses to create items, apply discounts, track inventory, send itemised receipts, and manage their entire sales operations directly from the terminal, but also integrates seamlessly with over 600 third-party POS platforms. </p> <p>In a commitment to reducing the environmental cost of paper receipts, Zeller Terminal 2 supports email, SMS, and a new downloadable QR code receipts, having eliminated the traditional receipt printer. The terminal also delivers enhanced security for merchants and cardholders by prioritising acceptance of more secure payment methods such as EMV chip cards, contactless cards, and mobile wallet, having removed the traditional magstripe card reader— reducing the risk of credit card fraud, which the ABS estimates impacts over 1.8 million Australian annually. </p> <p>Zeller Terminal 2 was designed and engineered in Melbourne, with a unique hardware format never before seen in traditional EFTPOS terminals. It boasts Australia’s largest terminal screen (6.5-inch full-colour HD digital display) which allows businesses to select their preferred style by enabling the choice of light and dark modes, seamlessly adapting to any retail or restaurant environment. Additionally, Zeller Terminal 2 is the world’s first EFTPOS terminal available to purchase in three colours — black, white, and graphite, to complement any decor or business aesthetic.</p> <p><img src="https://itwire.com/images/authors-images/AndrewMatler/Screenshot_2024-08-26_102921.jpg" alt="Screenshot 2024 08 26 102921" width="374" height="251" style="display: block; margin-left: auto; margin-right: auto;" /></p> <p>Celebrating the world-first launch,<strong> Ben Pfisterer, co-founder and CEO at Zeller,</strong> said:</p> <p>"Zeller is proud to be a global leader in redefining the next generation in payments and point of sale, from right here in Australia. Zeller Terminal 2 is the most advanced, affordable, all-in-one payments and POS solution anywhere in the world. While other banks and providers are raising their fees, Zeller is dedicated to delivering premium products at affordable prices. We’re helping Australian business owners to streamline their operations, deliver a better customer experience, and ultimately survive and thrive.”</p> <p>"Designed and engineered by our team here in Melbourne, the launch of Zeller Terminal 2 marks another significant milestone for Zeller. In just over three years, we've delivered more financial services, payments, and POS innovation into a single platform, and are excited to introduce next-generation solutions to support our customers across Australia and see a positive impact on their businesses.”</p> <p>“We love that we can make the new Zeller Terminal our own,” said Aaron Chan, Zeller customer and co-founder at Kings Domain Barber Shops in Melbourne. “Style and design is important to our brand at King’s Domain, so the fact that the terminal complements our aesthetic, looks sleek, and is customisable, means it suits our business perfectly. Plus, being able to accept all cards – including AMEX – at one low flat fee, is a huge win.”</p> <p>Zeller Terminal 2 is available today exclusively at <a href="https://myzeller.com">myzeller.com</a> for the affordable retail price of $199. </p> <p><strong>Key features of Zeller Terminal 2: </strong></p> <ul> <li>Accept payments from EMV (chip)cards, contactless cards and mobile wallets.</li> <li>Built-in customisable point-of-sale app, Zeller POS Lite, included free.</li> <li>Integrates seamlessly with over 600 third-party POS systems.</li> <li>Split payments, automated tipping prompts, and surcharging for zero-cost EFTPOS.</li> <li>Email, SMS and downloadable QR-code receipt options. </li> <li>6.5” HD digital full-colour display with light and dark mode screen options. </li> <li>Customise terminal display by adding your business logo or promotional screensaver.</li> <li>Choice of three hardware colours to complement shop design.</li> <li>Wi-Fi, 4G SIM card and ethernet connectivity. </li> <li>Long-lasting, all-day battery.</li> <li>Low, flat-rate transaction fee for all cards (including American Express) of 1.4%.</li> <li>No recurring monthly fees or lock-in contracts. </li> </ul> <p><strong>Key features of Zeller POS Lite (included free with Zeller Terminal 2): </strong></p> <ul> <li>Streamline checkout with items, discounts, modifiers and variants available on screen.</li> <li>Drag-and-drop item customisation to make menu changes instantly. </li> <li>Customisable item grid for faster access to frequently sold items.</li> <li>See what you’re selling with inventory management and item-level reporting. </li> <li>Add items via Zeller Terminal 2 or Zeller Dashboard, or bulk upload items from your previous POS. </li> <li>Reduced paper waste with itemised receipts via email or SMS.</li> <li>Seamless, integrated payments via Zeller Terminal 2. </li> </ul></div>MYOB continues ERP platform evolution with change to MYOB Acumatica2024-07-16T23:56:22+10:002024-07-16T23:56:22+10:00https://itwire.com/accounting-software/myob-continues-erp-platform-evolution-with-change-to-myob-acumatica.htmlMYOBstan.beer@itwire.com<div class="K2FeedImage"><img src="https://itwire.com/media/k2/items/cache/a3c75883b09879b8c9e9d358049dbb67_S.jpg" alt="Kim Clarke, MYOB Executive General Manager – Enterprise & Practice" /></div><div class="K2FeedIntroText"><p>COMPANY NEWS: Nearly 10 years after launching its award-winning, cloud-based ERP platform for the mid-market, business management platform MYOB has today revealed that MYOB Advanced is taking on a new name - MYOB Acumatica.</p> </div><div class="K2FeedFullText"> <p>The announcement comes as MYOB expands its long-standing strategic partnership with Acumatica, now offering mid-sized businesses in Australia and New Zealand direct access to the global Acumatica Community where they can find exclusive resources, join discussions, and share insights with other Acumatica users from around the world.</p> <p>Established in 2008, Acumatica’s modern, scalable ERP platform has grown to be the preferred choice for more than 10,000 businesses across the globe, with more organisations turning to the platform to simplify complex business processes, enhance operational efficiencies and reach their growth potential.</p> <p>Since 2013, MYOB has been the exclusive partner of Acumatica for the Australian and New Zealand markets, localising and tailoring the intelligent ERP solution to offer a platform that connects the dots across key workflows for mid-market businesses on both sides of the Tasman.</p> <p><em><strong>MYOB Executive General Manager – Enterprise & Practice, Kim Clarke</strong></em>, explains that the partnership between MYOB and Acumatica is stronger than ever, as the appeal and capability of Acumatica becomes increasingly recognised in the market.</p> <p>“Delivering the power of Acumatica’s platform to mid-sized businesses across Australia and New Zealand for the past decade, we’ve seen thousands of organisations benefit from a truly localised cloud ERP that not only meets their needs as they grow, but is also one of the most globally awarded ERP platforms available in the ANZ region,” says Kim.</p> <p>“This innovation pedigree from Acumatica is reinforced by very own Australian and New Zealand development, service and support teams who not only localise the platform, but have also built specific employee workflows to complete our offering - ensuring it is the only platform that natively connects customer, employee, operational and financial workflows all in one place.</p> <p>“What we’ve created for local business truly meets the modern demands of the mid-market. Testament to this are customers like local skincare success story Kosmea Australia, building solutions business Woolcock Group, fibre optic cabling and data solutions experts Codecom and stainless steel manufacturer ControlFab, who were all early adopters of the platform when we launched nearly 10 years ago and still use it today.</p> <p>“With even more capability in the roadmap still to come and now with exclusive access to the customer-focused Acumatica Community, we’ve never been better positioned to help mid-market businesses in the region scale their business and operations” Kim adds.</p> <p>Acumatica has been the fastest growing cloud ERP globally for the past eight years and despite tough economic conditions on both sides of the Tasman, its popularity continues to grow in the region with MYOB’s mid-market ERP recurring sales revenue up 27% YoY.</p> <p><em><strong>John Case, CEO of Acumatica</strong></em>, says that the new chapter of its partnership with MYOB will build on its strong success to date.</p> <p>“In 2013, Acumatica and MYOB forged a partnership to address a clear need in the Australia and New Zealand market for leading-edge, scalable technology to help local mid-sized businesses transform their operations.</p> <p>“The rapid embrace of the Acumatica platform in Australia and New Zealand not only helped these businesses reach new heights, but also cemented MYOB early on as one of our strongest global partners.</p> <p>“As we enter a new era in this successful partnership, we look forward to working more deeply with MYOB to deliver the latest features and capabilities that will enable more regional businesses to achieve their growth ambitions and thrive in today’s digital economy,” says John.</p> <p>With support from its strong network of reputable channel partners, MYOB’s cloud ERP offering has become the ‘go to’ for top businesses across Australia and New Zealand, including LUSH, Huffer, Trade Depot, and Winton.</p> <p>Kilimanjaro Consulting - a long-standing channel partner and MYOB ANZ Partner of the Year award-winner - was one of the first to implement MYOB’s cloud ERP solution in 2014.</p> <p><em><strong>Ronnie Baskind, Chief Executive</strong></em>, explains: “Through the course of our relationship with MYOB, there have been two key moments for our business and for our customers. One was the launch of MYOB Advanced, and the second is the launch of MYOB Acumatica.</p> <p>“On our mission to help businesses improve efficiencies through the clever use of technology, we knew that we needed to operate at a different level to serve more complex mid-market organisations. From the moment we saw the capability of Acumatica with MYOB around 10 years ago, our team have been confident that the brightest future for local mid-market businesses is in the cloud with this platform,” he adds.</p> <p>“With cutting-edge, modern technology, the benefits are self-evident – real-time information in formats tailored for different teams, greater security, workflow configurability, best-in-class General Ledger structure, and importantly, providing that single source of truth for management.”</p> <p>As part of the new transformation to MYOB Acumatica, the naming of MYOB’s other mid-market solutions like MYOB Advanced Payroll and Advanced Workforce Management will also change, becoming MYOB Acumatica - Payroll and MYOB Acumatica - Workforce Management, respectively.</p> <p>Coinciding with this announcement, MYOB has also revealed the launch of two new annual awards – the MYOB Acumatica Women in Technology Community Award and the MYOB Acumatica Women in Technology Customer of the Year Award. In partnership with Acumatica, prizes include a trip to the Acumatica Summit in 2025 and access to Acumatica’s Women in Technology events which include networking workshops, the Women in Tech Luncheon and membership to the Women in Tech Forum.</p> <p>“As a first step in this strengthened partnership, we are proud to be heroing and supporting women who are making an impact and driving significant change for mid-market businesses in Australia and New Zealand. It’s important we champion their success – not only to give them the credit and recognition they deserve, but to make a difference by inspiring greater representation and recognition in the industry more broadly, and these awards are just one way in which we can do this,” explains MYOB’s Kim Clarke.</p> <p><strong><em>To see how top local businesses are leveraging the power of the MYOB Acumatica platform, visit</em> <a href="https://www.myob.com/au/customers">https://www.myob.com/au/customers</a> to read their stories.</strong></p> <p><strong>About MYOB Acumatica </strong></p> <p>Designed specifically for mid-sized businesses (20-1,000+FTEs), the MYOB Acumatica platform harnesses award-winning technology, industry specific workflows and hands-on support from local experts to unlock insights and drive growth. The scalable platform connects finance, sales, inventory, production, and people workflows all in one place and is tailored to the specific needs of A/NZ businesses. The cloud-based ERP platform has also been independently recognised by multiple awards as a leader in innovation. Accolades include: finalist in the global SaaS Awards (2022, 2023, 2024), ABA100 Winner in The Australian Business Awards (2022, 2023) for ERP Innovation and Cloud Innovation, and shortlisted for Best Cloud ERP/Payroll Solution and Best Platform as a Service for The Cloud Awards (2023). </p></div><div class="K2FeedImage"><img src="https://itwire.com/media/k2/items/cache/a3c75883b09879b8c9e9d358049dbb67_S.jpg" alt="Kim Clarke, MYOB Executive General Manager – Enterprise & Practice" /></div><div class="K2FeedIntroText"><p>COMPANY NEWS: Nearly 10 years after launching its award-winning, cloud-based ERP platform for the mid-market, business management platform MYOB has today revealed that MYOB Advanced is taking on a new name - MYOB Acumatica.</p> </div><div class="K2FeedFullText"> <p>The announcement comes as MYOB expands its long-standing strategic partnership with Acumatica, now offering mid-sized businesses in Australia and New Zealand direct access to the global Acumatica Community where they can find exclusive resources, join discussions, and share insights with other Acumatica users from around the world.</p> <p>Established in 2008, Acumatica’s modern, scalable ERP platform has grown to be the preferred choice for more than 10,000 businesses across the globe, with more organisations turning to the platform to simplify complex business processes, enhance operational efficiencies and reach their growth potential.</p> <p>Since 2013, MYOB has been the exclusive partner of Acumatica for the Australian and New Zealand markets, localising and tailoring the intelligent ERP solution to offer a platform that connects the dots across key workflows for mid-market businesses on both sides of the Tasman.</p> <p><em><strong>MYOB Executive General Manager – Enterprise & Practice, Kim Clarke</strong></em>, explains that the partnership between MYOB and Acumatica is stronger than ever, as the appeal and capability of Acumatica becomes increasingly recognised in the market.</p> <p>“Delivering the power of Acumatica’s platform to mid-sized businesses across Australia and New Zealand for the past decade, we’ve seen thousands of organisations benefit from a truly localised cloud ERP that not only meets their needs as they grow, but is also one of the most globally awarded ERP platforms available in the ANZ region,” says Kim.</p> <p>“This innovation pedigree from Acumatica is reinforced by very own Australian and New Zealand development, service and support teams who not only localise the platform, but have also built specific employee workflows to complete our offering - ensuring it is the only platform that natively connects customer, employee, operational and financial workflows all in one place.</p> <p>“What we’ve created for local business truly meets the modern demands of the mid-market. Testament to this are customers like local skincare success story Kosmea Australia, building solutions business Woolcock Group, fibre optic cabling and data solutions experts Codecom and stainless steel manufacturer ControlFab, who were all early adopters of the platform when we launched nearly 10 years ago and still use it today.</p> <p>“With even more capability in the roadmap still to come and now with exclusive access to the customer-focused Acumatica Community, we’ve never been better positioned to help mid-market businesses in the region scale their business and operations” Kim adds.</p> <p>Acumatica has been the fastest growing cloud ERP globally for the past eight years and despite tough economic conditions on both sides of the Tasman, its popularity continues to grow in the region with MYOB’s mid-market ERP recurring sales revenue up 27% YoY.</p> <p><em><strong>John Case, CEO of Acumatica</strong></em>, says that the new chapter of its partnership with MYOB will build on its strong success to date.</p> <p>“In 2013, Acumatica and MYOB forged a partnership to address a clear need in the Australia and New Zealand market for leading-edge, scalable technology to help local mid-sized businesses transform their operations.</p> <p>“The rapid embrace of the Acumatica platform in Australia and New Zealand not only helped these businesses reach new heights, but also cemented MYOB early on as one of our strongest global partners.</p> <p>“As we enter a new era in this successful partnership, we look forward to working more deeply with MYOB to deliver the latest features and capabilities that will enable more regional businesses to achieve their growth ambitions and thrive in today’s digital economy,” says John.</p> <p>With support from its strong network of reputable channel partners, MYOB’s cloud ERP offering has become the ‘go to’ for top businesses across Australia and New Zealand, including LUSH, Huffer, Trade Depot, and Winton.</p> <p>Kilimanjaro Consulting - a long-standing channel partner and MYOB ANZ Partner of the Year award-winner - was one of the first to implement MYOB’s cloud ERP solution in 2014.</p> <p><em><strong>Ronnie Baskind, Chief Executive</strong></em>, explains: “Through the course of our relationship with MYOB, there have been two key moments for our business and for our customers. One was the launch of MYOB Advanced, and the second is the launch of MYOB Acumatica.</p> <p>“On our mission to help businesses improve efficiencies through the clever use of technology, we knew that we needed to operate at a different level to serve more complex mid-market organisations. From the moment we saw the capability of Acumatica with MYOB around 10 years ago, our team have been confident that the brightest future for local mid-market businesses is in the cloud with this platform,” he adds.</p> <p>“With cutting-edge, modern technology, the benefits are self-evident – real-time information in formats tailored for different teams, greater security, workflow configurability, best-in-class General Ledger structure, and importantly, providing that single source of truth for management.”</p> <p>As part of the new transformation to MYOB Acumatica, the naming of MYOB’s other mid-market solutions like MYOB Advanced Payroll and Advanced Workforce Management will also change, becoming MYOB Acumatica - Payroll and MYOB Acumatica - Workforce Management, respectively.</p> <p>Coinciding with this announcement, MYOB has also revealed the launch of two new annual awards – the MYOB Acumatica Women in Technology Community Award and the MYOB Acumatica Women in Technology Customer of the Year Award. In partnership with Acumatica, prizes include a trip to the Acumatica Summit in 2025 and access to Acumatica’s Women in Technology events which include networking workshops, the Women in Tech Luncheon and membership to the Women in Tech Forum.</p> <p>“As a first step in this strengthened partnership, we are proud to be heroing and supporting women who are making an impact and driving significant change for mid-market businesses in Australia and New Zealand. It’s important we champion their success – not only to give them the credit and recognition they deserve, but to make a difference by inspiring greater representation and recognition in the industry more broadly, and these awards are just one way in which we can do this,” explains MYOB’s Kim Clarke.</p> <p><strong><em>To see how top local businesses are leveraging the power of the MYOB Acumatica platform, visit</em> <a href="https://www.myob.com/au/customers">https://www.myob.com/au/customers</a> to read their stories.</strong></p> <p><strong>About MYOB Acumatica </strong></p> <p>Designed specifically for mid-sized businesses (20-1,000+FTEs), the MYOB Acumatica platform harnesses award-winning technology, industry specific workflows and hands-on support from local experts to unlock insights and drive growth. The scalable platform connects finance, sales, inventory, production, and people workflows all in one place and is tailored to the specific needs of A/NZ businesses. The cloud-based ERP platform has also been independently recognised by multiple awards as a leader in innovation. Accolades include: finalist in the global SaaS Awards (2022, 2023, 2024), ABA100 Winner in The Australian Business Awards (2022, 2023) for ERP Innovation and Cloud Innovation, and shortlisted for Best Cloud ERP/Payroll Solution and Best Platform as a Service for The Cloud Awards (2023). </p></div>Employment Hero announces AI-powered payroll to speed up pay runspayruns by 80%2024-04-24T09:35:49+10:002024-04-24T09:35:49+10:00https://itwire.com/accounting-software/employment-hero-announces-ai-powered-payroll-to-speed-up-pay-runspayruns-by-80.htmlEmployment Herostan.beer@itwire.com<div class="K2FeedImage"><img src="https://itwire.com/media/k2/items/cache/11d11d1c37ad685204b2de9f62c79f05_S.jpg" alt="Phil Bernie, GM, Payroll at Employment Hero" /></div><div class="K2FeedIntroText"><p><strong>Australian SMEs eye more automation as paying staff takes up to one week </strong></p> <ul> <li><em>73% of Australian pay runs take longer than a day, with 95% taking up to 3 days to complete</em></li> <li><em>89% of payroll professionals would like to cut down payroll processing times with AI and automation </em></li> <li><em>Respondents see AI as an opportunity to improve data analysis skills (51%) and enhance payroll expertise (45%) </em></li> </ul> </div><div class="K2FeedFullText"> <p>New research from Employment Hero, reveals AI and automation could be the silver bullet to ease the pain Australian SMEs go through when processing payroll.</p> <p>The employment platform, which serves approximately one-in-five of Australia’s private businesses, found that for 73% of respondents, it takes longer than a day to complete a pay run. After surveying 535 Australian SMEs, the research found that for 95% of respondents, payroll takes up to three days and for some it can take five days or longer.</p> <p>“It’s madness that in 2024 it takes days to complete pay runs for Australian businesses. With the software and automation available, running payroll should be a matter of hours. Using technology to free up this time allows accountants and bookkeepers to put their skills and experience to better use – something that our data showcases they’re keen to do,” said <strong>Phil Bernie, GM, Payroll at Employment Hero.</strong></p> <p>In response to ongoing payroll pain, many SMEs are looking towards AI as a potential solution, 89% would find it somewhat or significantly appealing to cut down payroll processing to minutes through the use of AI or automation. The top three aspects of payroll that respondents would like to see automated include pay calculations, payroll reporting, and creation of payslips – all cited by a third of respondents.</p> <p>Among Australian SMEs, the top three payroll challenges were listed as troubleshooting payroll errors (33%), chasing clients for payroll data (31%) and dealing with complex legislation (29%).</p> <p>Overall, 81% of respondents expect that the use of AI and automation will somewhat or significantly increase across their organisations over the next 12 months. As AI and automation advances, 51% of respondents see it as an opportunity to improve their data analysis skills and 45% to enhance their payroll expertise - 41% say it could increase opportunities for professional development.</p> <p><strong>Phil Bernie, GM, Payroll at Employment Hero, adds: </strong>“At Employment Hero, we envision a future where running payroll is largely automated leaving humans to apply their knowledge and skills to areas where they can provide most value. This includes offering support, advice and consultancy to their clients and customers.</p> <p>“It’s heartening to see support for AI and automation among Australia’s business owners, bookkeepers and accountants. We know that a lot of fear and reticence is often felt in the face of increased automation. However, as we continue to see the benefits of AI and automation in our daily lives, I think we’re beginning to appreciate how it can also truly revolutionise how we manage employment.”</p> <p>Employment Hero has a suite of cloud products that are always up-to-date with new payroll legislation, and integrate payroll with other functions seamlessly. This can reduce the double-handling of data, minimise the need to check different applications to ensure they’re ‘talking to one another’, and ensure businesses are complying with the latest rules and regulations.</p></div><div class="K2FeedImage"><img src="https://itwire.com/media/k2/items/cache/11d11d1c37ad685204b2de9f62c79f05_S.jpg" alt="Phil Bernie, GM, Payroll at Employment Hero" /></div><div class="K2FeedIntroText"><p><strong>Australian SMEs eye more automation as paying staff takes up to one week </strong></p> <ul> <li><em>73% of Australian pay runs take longer than a day, with 95% taking up to 3 days to complete</em></li> <li><em>89% of payroll professionals would like to cut down payroll processing times with AI and automation </em></li> <li><em>Respondents see AI as an opportunity to improve data analysis skills (51%) and enhance payroll expertise (45%) </em></li> </ul> </div><div class="K2FeedFullText"> <p>New research from Employment Hero, reveals AI and automation could be the silver bullet to ease the pain Australian SMEs go through when processing payroll.</p> <p>The employment platform, which serves approximately one-in-five of Australia’s private businesses, found that for 73% of respondents, it takes longer than a day to complete a pay run. After surveying 535 Australian SMEs, the research found that for 95% of respondents, payroll takes up to three days and for some it can take five days or longer.</p> <p>“It’s madness that in 2024 it takes days to complete pay runs for Australian businesses. With the software and automation available, running payroll should be a matter of hours. Using technology to free up this time allows accountants and bookkeepers to put their skills and experience to better use – something that our data showcases they’re keen to do,” said <strong>Phil Bernie, GM, Payroll at Employment Hero.</strong></p> <p>In response to ongoing payroll pain, many SMEs are looking towards AI as a potential solution, 89% would find it somewhat or significantly appealing to cut down payroll processing to minutes through the use of AI or automation. The top three aspects of payroll that respondents would like to see automated include pay calculations, payroll reporting, and creation of payslips – all cited by a third of respondents.</p> <p>Among Australian SMEs, the top three payroll challenges were listed as troubleshooting payroll errors (33%), chasing clients for payroll data (31%) and dealing with complex legislation (29%).</p> <p>Overall, 81% of respondents expect that the use of AI and automation will somewhat or significantly increase across their organisations over the next 12 months. As AI and automation advances, 51% of respondents see it as an opportunity to improve their data analysis skills and 45% to enhance their payroll expertise - 41% say it could increase opportunities for professional development.</p> <p><strong>Phil Bernie, GM, Payroll at Employment Hero, adds: </strong>“At Employment Hero, we envision a future where running payroll is largely automated leaving humans to apply their knowledge and skills to areas where they can provide most value. This includes offering support, advice and consultancy to their clients and customers.</p> <p>“It’s heartening to see support for AI and automation among Australia’s business owners, bookkeepers and accountants. We know that a lot of fear and reticence is often felt in the face of increased automation. However, as we continue to see the benefits of AI and automation in our daily lives, I think we’re beginning to appreciate how it can also truly revolutionise how we manage employment.”</p> <p>Employment Hero has a suite of cloud products that are always up-to-date with new payroll legislation, and integrate payroll with other functions seamlessly. This can reduce the double-handling of data, minimise the need to check different applications to ensure they’re ‘talking to one another’, and ensure businesses are complying with the latest rules and regulations.</p></div>Nearly half of SMEs anticipate ‘turnover dip’ by 2025 as economic pressures bite: research2024-04-23T11:04:57+10:002024-04-23T11:04:57+10:00https://itwire.com/accounting-software/nearly-half-of-smes-anticipate-%E2%80%98turnover-dip%E2%80%99-by-2025-as-economic-pressures-bite-research.htmlGordon Petersstan.beer@itwire.com<div class="K2FeedImage"><img src="https://itwire.com/media/k2/items/cache/8639375e1027cda67d468c53d5981254_S.jpg" alt="Beau Bertoli, Prospa Chief Revenue Officer" /></div><div class="K2FeedIntroText"><p>Nearly half of small and medium businesses in Australia (46 per cent) anticipate a decrease in turnover by the end of the year due to economic pressures, according to research from RFI Global, commissioned by Australia’s online small business lender Prospa.</p> </div><div class="K2FeedFullText"> <p>On top of this, the research reveals that 54 per cent of SMEs say they are likely to need to invest further into their business in order to generate future cash flow.</p> <p>And, despite an overall downward trend in sentiment among SMEs which reflects these concerns, short-term business confidence continues to improve, reaching a 12 month high in December 2023 as 37 per cent of SMEs express high confidence in their five year outlook.</p> <p>The research also reveals that economic and supply chain conditions remain the biggest concern for businesses, with over half (59 per cent) of SMEs experiencing supply chain cost increases as a direct result of recent changes to economic conditions.<br />{loadposition peter}<br /> <br />Labour pressures are also front of mind as businesses balance their books, with over half (53 per cent) battling rising labour costs as a result of a tightening economy, and a further 42 per cent claiming they would struggle to find replacements if any current staff were to leave the business.</p> <p>“These findings demonstrate that while businesses continue to do it tough, Australia’s SME community is yet again proving its resilience by maintaining high confidence in their short-term outlook," said <strong><em>Prospa Chief Revenue Officer, Beau Bertoli.</em></strong> <br /> <br />“High fuel and material costs combined with growing public frugality have disproportionately impacted the hospitality, retail and wholesale and warehousing industries. However, as inflation begins to ease and with rate cuts on the horizon for later this year, with the right funding and support, the outlook for the Australian business community remains positive.”</p> <p>Prospa announced that it has partnered with Xero to simplify business finances by integrating the Prospa Business Account with Xero, noting that Xero provides SMEs with cash flow clarity, bringing their financial insights together in one up-to-date view and syncs transactions automatically, eliminating the need for manual input.</p> <p>“With small businesses becoming increasingly time and resource poor, it has never been more crucial to adopt simplified backend processes and automate cumbersome admin tasks,” said Beau Bertoli. “SMEs can gain greater peace of mind and save valuable time as transactions sync automatically, allowing business <br />owners to manage their finances from anywhere.”</p> <p>The partnership with Xero follows Prospa’s acquisition of the Zip Business loan portfolio, and a broader strategic partnership with Zip to help support more than 30,000 merchants with tailored business finance.</p> <p>Prospa says the strategic partnership will see it become the preferred financing partner for Zip’s growing portfolio of merchants across Australia and New Zealand, “giving them streamlined access to Prospa’s tailored small business lending solutions to support their cash flow and other finance requirements”.</p> <p>“With Prospa, small businesses will be able to quickly get approval for small business loans up to three years or lines of credit, and a Prospa Business Account, suited to their needs. Their tailored financing solutions are designed to help them at every stage of their business, from making their first stock order to investing in technology to streamline business operations,” said Bertoli.</p> <p>“Our strategic partnership with Zip is a significant step forward in expanding our reach and capacity as Australia’s number one online lender to small business, and crucially will enable us to expand our impact on the small business community as they continue to navigate an increasingly turbulent economic climate.”</p></div><div class="K2FeedImage"><img src="https://itwire.com/media/k2/items/cache/8639375e1027cda67d468c53d5981254_S.jpg" alt="Beau Bertoli, Prospa Chief Revenue Officer" /></div><div class="K2FeedIntroText"><p>Nearly half of small and medium businesses in Australia (46 per cent) anticipate a decrease in turnover by the end of the year due to economic pressures, according to research from RFI Global, commissioned by Australia’s online small business lender Prospa.</p> </div><div class="K2FeedFullText"> <p>On top of this, the research reveals that 54 per cent of SMEs say they are likely to need to invest further into their business in order to generate future cash flow.</p> <p>And, despite an overall downward trend in sentiment among SMEs which reflects these concerns, short-term business confidence continues to improve, reaching a 12 month high in December 2023 as 37 per cent of SMEs express high confidence in their five year outlook.</p> <p>The research also reveals that economic and supply chain conditions remain the biggest concern for businesses, with over half (59 per cent) of SMEs experiencing supply chain cost increases as a direct result of recent changes to economic conditions.<br />{loadposition peter}<br /> <br />Labour pressures are also front of mind as businesses balance their books, with over half (53 per cent) battling rising labour costs as a result of a tightening economy, and a further 42 per cent claiming they would struggle to find replacements if any current staff were to leave the business.</p> <p>“These findings demonstrate that while businesses continue to do it tough, Australia’s SME community is yet again proving its resilience by maintaining high confidence in their short-term outlook," said <strong><em>Prospa Chief Revenue Officer, Beau Bertoli.</em></strong> <br /> <br />“High fuel and material costs combined with growing public frugality have disproportionately impacted the hospitality, retail and wholesale and warehousing industries. However, as inflation begins to ease and with rate cuts on the horizon for later this year, with the right funding and support, the outlook for the Australian business community remains positive.”</p> <p>Prospa announced that it has partnered with Xero to simplify business finances by integrating the Prospa Business Account with Xero, noting that Xero provides SMEs with cash flow clarity, bringing their financial insights together in one up-to-date view and syncs transactions automatically, eliminating the need for manual input.</p> <p>“With small businesses becoming increasingly time and resource poor, it has never been more crucial to adopt simplified backend processes and automate cumbersome admin tasks,” said Beau Bertoli. “SMEs can gain greater peace of mind and save valuable time as transactions sync automatically, allowing business <br />owners to manage their finances from anywhere.”</p> <p>The partnership with Xero follows Prospa’s acquisition of the Zip Business loan portfolio, and a broader strategic partnership with Zip to help support more than 30,000 merchants with tailored business finance.</p> <p>Prospa says the strategic partnership will see it become the preferred financing partner for Zip’s growing portfolio of merchants across Australia and New Zealand, “giving them streamlined access to Prospa’s tailored small business lending solutions to support their cash flow and other finance requirements”.</p> <p>“With Prospa, small businesses will be able to quickly get approval for small business loans up to three years or lines of credit, and a Prospa Business Account, suited to their needs. Their tailored financing solutions are designed to help them at every stage of their business, from making their first stock order to investing in technology to streamline business operations,” said Bertoli.</p> <p>“Our strategic partnership with Zip is a significant step forward in expanding our reach and capacity as Australia’s number one online lender to small business, and crucially will enable us to expand our impact on the small business community as they continue to navigate an increasingly turbulent economic climate.”</p></div>MYOB secures Canstar Blue’s Most Satisfied Customers Award for Small Business Accounting Software2023-09-20T13:49:33+10:002023-09-20T13:49:33+10:00https://itwire.com/accounting-software/myob-secures-canstar-blue%E2%80%99s-most-satisfied-customers-award-for-small-business-accounting-software.htmlAndrew Matlerstan.beer@itwire.com<div class="K2FeedImage"><img src="https://itwire.com/media/k2/items/cache/0f237cc9b73c6543bca738a3b69c869a_S.jpg" alt="MYOB secures Canstar Blue’s Most Satisfied Customers Award for Small Business Accounting Software" /></div><div class="K2FeedIntroText"><p>Leading business management platform MYOB is proud to announce it has successfully taken out Canstar Blue's Most Satisfied Customer - Small Business Accounting Software 2023 award achieving a five out of five star rating in all categories including ease of use, functionality and value for money.</p> </div><div class="K2FeedFullText"> <p>Emma Fawcett, General Manager for SME at MYOB said, “such high endorsement from our customers and official recognition from Canstar Blue is testament to the tireless efforts of our team to support every small business on their unique journey. </p> <p>Our cloud-based business management platform supports critical workflows that help business owners as they start up a new business, and anticipates the capabilities they’ll need in the future as they grow. Plus we’ve designed it so businesses only pay for what they use, and can scale up or down as they need. When our customers are succeeding, so are we.”</p> <p>“The breakdown of each satisfaction indicator reveals highly pleasing results and a vote of confidence for our product and service development.” </p> <p>“Small businesses are facing a number of challenges at the moment, not least the rising cost of living. It has never been more important for MYOB to deliver a platform that is both easy to use and excellent value for money so we can give business owners more time to focus on their business,” said Fawcett.</p> <p>Christine Seib, editor-in-chief at Canstar Blue said, "despite operating in a competitive field with strong product propositions from both Australia and overseas, MYOB stood out for the small- and medium-sized business users Canstar Blue surveyed, scoring a full five stars in every single category of our Most Satisfied Customers - Accounting Software 2023 ratings. That's an impressive result given that it means MYOB delivered on every facet of the user experience, from the design of its user interface and ease of integration with other business systems, to how easy it was to use, the functions it offered and the reporting it delivered. </p> <p>“And beyond these more accounting software-specific requirements, MYOB also achieved five stars for those categories that are important to all consumers, SME or otherwise: value for money and customer service, as well as for the all-important overall satisfaction with purchase. Half of all SME owners and managers told us that accounting software was vital to their business and made their business operations easier, so providing a stellar product is a truly meaningful contribution to the sector - and MYOB achieves just that."</p></div><div class="K2FeedImage"><img src="https://itwire.com/media/k2/items/cache/0f237cc9b73c6543bca738a3b69c869a_S.jpg" alt="MYOB secures Canstar Blue’s Most Satisfied Customers Award for Small Business Accounting Software" /></div><div class="K2FeedIntroText"><p>Leading business management platform MYOB is proud to announce it has successfully taken out Canstar Blue's Most Satisfied Customer - Small Business Accounting Software 2023 award achieving a five out of five star rating in all categories including ease of use, functionality and value for money.</p> </div><div class="K2FeedFullText"> <p>Emma Fawcett, General Manager for SME at MYOB said, “such high endorsement from our customers and official recognition from Canstar Blue is testament to the tireless efforts of our team to support every small business on their unique journey. </p> <p>Our cloud-based business management platform supports critical workflows that help business owners as they start up a new business, and anticipates the capabilities they’ll need in the future as they grow. Plus we’ve designed it so businesses only pay for what they use, and can scale up or down as they need. When our customers are succeeding, so are we.”</p> <p>“The breakdown of each satisfaction indicator reveals highly pleasing results and a vote of confidence for our product and service development.” </p> <p>“Small businesses are facing a number of challenges at the moment, not least the rising cost of living. It has never been more important for MYOB to deliver a platform that is both easy to use and excellent value for money so we can give business owners more time to focus on their business,” said Fawcett.</p> <p>Christine Seib, editor-in-chief at Canstar Blue said, "despite operating in a competitive field with strong product propositions from both Australia and overseas, MYOB stood out for the small- and medium-sized business users Canstar Blue surveyed, scoring a full five stars in every single category of our Most Satisfied Customers - Accounting Software 2023 ratings. That's an impressive result given that it means MYOB delivered on every facet of the user experience, from the design of its user interface and ease of integration with other business systems, to how easy it was to use, the functions it offered and the reporting it delivered. </p> <p>“And beyond these more accounting software-specific requirements, MYOB also achieved five stars for those categories that are important to all consumers, SME or otherwise: value for money and customer service, as well as for the all-important overall satisfaction with purchase. Half of all SME owners and managers told us that accounting software was vital to their business and made their business operations easier, so providing a stellar product is a truly meaningful contribution to the sector - and MYOB achieves just that."</p></div>Summerstar Tourist Parks deploys IDeaS’ revenue management system across its 14 properties in Australia2023-09-14T11:56:00+10:002023-09-14T11:56:00+10:00https://itwire.com/accounting-software/summerstar-tourist-parks-deploys-ideas%E2%80%99-revenue-management-system-across-its-14-properties-in-australia.htmlKenn Anthony Mendozastan.beer@itwire.com<div class="K2FeedImage"><img src="https://itwire.com/media/k2/items/cache/ae687c73964ef583106697a60d4163c5_S.jpg" alt="Summerstar Tourist Parks deploys IDeaS’ revenue management system across its 14 properties in Australia" /></div><div class="K2FeedIntroText"><p>Summerstar Tourist Parks has adopted SAS company IDeaS’ G3 Revenue Management system across fourteen of its Australian-based caravan and holiday park sites.</p> </div><div class="K2FeedFullText"> <p>Summerstar previously relied on manual-based approaches to forecast demand and set prices. But when its business grew, it manually collected multiple data sets and calculating information via spreadsheets, which became time-consuming and susceptible to errors and missed opportunities.</p> <p>To modernise its business processes and evolve its approach to pricing, Summerstar adopted IDeaS G3 RMS across all its properties.</p> <p>“Historically, our approach to revenue management has been a very hands-on, manual process that was often de-prioritised in favour of other operational activities. We realised that to continue operating successfully, Summerstar must provide both the best customer experience and prices possible,” explained Summerstar Tourist Parks director<a href="https://www.linkedin.com/in/james-corbitt-06450971?originalSubdomain=au" target="_blank" rel="noopener"> James Corbitt</a> on why they adopted G3 RMS.</p> <p>{loadposition kenn}</p> <p>“As a result, it was critical that our length of stay and pricing are balanced through practicing effective revenue management,” Corbitt said.</p> <p>IDeaS G3 RMS will automatically assess Summerstar property performance and market demand while also deploying pricing decisions and length-of-stay controls across the distribution channels accordingly. The RMS not only generates prices that adapt to market changes, but it also considers the competitive landscape and a guest’s willingness to pay.</p> <p>Automation within IDeaS G3 RMS delivers real-time data analysis, forecasting, and decision-making, allowing Summerstar to make data-driven pricing and distribution strategies, which IDeaS claims, maximises revenue.</p> <p>“To provide accommodation options for every budget and attract guests at the right price, Summerstar must continually meet the market from a revenue management perspective. By analysing historical data and market trends, IDeaS enables Summerstar to forecast future demand accurately. This forecasting capability helps them to plan resources, inventory, and capacity effectively, ensuring that their properties can attract guests while minimising costs and maximising revenue,” suggests IDeaS managing director APAC <a href="https://www.linkedin.com/in/jurgenortelee/" target="_blank" rel="noopener">Jurgen Ortelee</a>.</p> <p>“We can minimise the loss of ‘in head’ knowledge and user error in the revenue management space by using an advanced, automated RMS. By continually analysing data and adjusting pricing strategies, IDeaS enables us to optimise revenue streams and increase profitability. And through monitoring market trends, competitor pricing, and customer behaviours, we can adjust pricing and distribution strategies to maintain a competitive edge and capture market share now and into the future,” concluded Corbitt.</p></div><div class="K2FeedImage"><img src="https://itwire.com/media/k2/items/cache/ae687c73964ef583106697a60d4163c5_S.jpg" alt="Summerstar Tourist Parks deploys IDeaS’ revenue management system across its 14 properties in Australia" /></div><div class="K2FeedIntroText"><p>Summerstar Tourist Parks has adopted SAS company IDeaS’ G3 Revenue Management system across fourteen of its Australian-based caravan and holiday park sites.</p> </div><div class="K2FeedFullText"> <p>Summerstar previously relied on manual-based approaches to forecast demand and set prices. But when its business grew, it manually collected multiple data sets and calculating information via spreadsheets, which became time-consuming and susceptible to errors and missed opportunities.</p> <p>To modernise its business processes and evolve its approach to pricing, Summerstar adopted IDeaS G3 RMS across all its properties.</p> <p>“Historically, our approach to revenue management has been a very hands-on, manual process that was often de-prioritised in favour of other operational activities. We realised that to continue operating successfully, Summerstar must provide both the best customer experience and prices possible,” explained Summerstar Tourist Parks director<a href="https://www.linkedin.com/in/james-corbitt-06450971?originalSubdomain=au" target="_blank" rel="noopener"> James Corbitt</a> on why they adopted G3 RMS.</p> <p>{loadposition kenn}</p> <p>“As a result, it was critical that our length of stay and pricing are balanced through practicing effective revenue management,” Corbitt said.</p> <p>IDeaS G3 RMS will automatically assess Summerstar property performance and market demand while also deploying pricing decisions and length-of-stay controls across the distribution channels accordingly. The RMS not only generates prices that adapt to market changes, but it also considers the competitive landscape and a guest’s willingness to pay.</p> <p>Automation within IDeaS G3 RMS delivers real-time data analysis, forecasting, and decision-making, allowing Summerstar to make data-driven pricing and distribution strategies, which IDeaS claims, maximises revenue.</p> <p>“To provide accommodation options for every budget and attract guests at the right price, Summerstar must continually meet the market from a revenue management perspective. By analysing historical data and market trends, IDeaS enables Summerstar to forecast future demand accurately. This forecasting capability helps them to plan resources, inventory, and capacity effectively, ensuring that their properties can attract guests while minimising costs and maximising revenue,” suggests IDeaS managing director APAC <a href="https://www.linkedin.com/in/jurgenortelee/" target="_blank" rel="noopener">Jurgen Ortelee</a>.</p> <p>“We can minimise the loss of ‘in head’ knowledge and user error in the revenue management space by using an advanced, automated RMS. By continually analysing data and adjusting pricing strategies, IDeaS enables us to optimise revenue streams and increase profitability. And through monitoring market trends, competitor pricing, and customer behaviours, we can adjust pricing and distribution strategies to maintain a competitive edge and capture market share now and into the future,” concluded Corbitt.</p></div>4 Benefits of implementing an HCM solution into your business2023-02-01T07:53:41+11:002023-02-01T07:53:41+11:00https://itwire.com/accounting-software/4-benefits-of-implementing-an-hcm-solution-into-your-business.htmlPaylocitystan.beer@itwire.com<div class="K2FeedImage"><img src="https://itwire.com/media/k2/items/cache/ff347be18cb7e14ff27f2d57fcfe8e81_S.jpg" alt="4 Benefits of implementing an HCM solution into your business" /></div><div class="K2FeedIntroText"><p>GUEST OPINION: As a business owner, it's essential to constantly look for ways to improve your operations and increase productivity. One way to do this is by implementing a Human Capital Management (HCM) solution into your business.</p> </div><div class="K2FeedFullText"> <p>HCM solutions are comprehensive software platforms that help businesses manage and optimize their human resources processes. These solutions cover various HR functions, including payroll, benefits administration, talent management, and employee engagement.</p> <p>Implementing an HCM solution into your business can provide numerous benefits, including the following:</p> <h2>Improved efficiency and productivity</h2> <p>Manually managing HR processes can be time-consuming and error-prone. With an HCM solution, you can automate and streamline HR tasks, such as payroll and benefits administration. This can free up your HR team's time, allowing them to focus on more value-added activities, such as employee development and engagement.</p> <p>For example, let's say you have a business with 100 employees. Processing payroll manually could take your HR team several hours per week, and there's a high likelihood of errors. By implementing an HCM solution, you can automate the payroll process and reduce the time and effort required to manage it. This could save your HR team several hours per week, which they could use to focus on other HR tasks.</p> <h2>Enhanced data management and reporting</h2> <p>HCM solutions provide a central repository for all HR data, such as employee information, payroll records, and performance evaluations. This allows you to easily access, manage, and analyze HR data, providing insights into key metrics such as employee turnover and engagement levels.</p> <p>Suppose you want to track employee engagement levels at your business. With an HCM solution, you can use the data collected from employee surveys and feedback to identify trends and patterns. </p> <p>This can help you understand which areas of your business have high engagement levels and which areas need improvement. You can then use this information to develop strategies to improve employee engagement and retain top talent.</p> <h2>Improved compliance</h2> <p>Manually managing HR processes can increase the risk of non-compliance with labour laws and regulations. With an HCM solution, you can ensure that your HR processes comply with labour laws and regulations. This can help you avoid costly fines and legal issues.</p> <p>Imagine you are a business owner with employees in multiple states. Each state has labour laws and regulations, which can be challenging to manage manually. </p> <p>By implementing an HCM solution, you can ensure that your HR processes comply with each state's labour laws and regulations. This can help you avoid costly fines and legal issues.</p> <h2>Improved employee experience</h2> <p>HCM solutions can provide employees with self-service tools to access and manage their HR information. This can improve the employee experience by giving them more control and autonomy over their HR processes.</p> <p>Your employees are often busy and need more time to visit the HR department to update their personal information or request time off. Implementing an HCM solution, like the <a href="https://elearningindustry.com/directory/elearning-software/paylocity">Paylocity App</a>, can provide your employees with self-service tools to access and manage their own HR information. This can improve the employee experience by giving them more control and autonomy over their HR processes.</p> <p>The platform can track payroll, manage benefits, access company documents, and more. This can help make the HR process easier, faster, and more efficient.</p> <h2>Conclusion</h2> <p>In conclusion, implementing an HCM solution into your business can provide numerous benefits, including improved efficiency and productivity, enhanced data management and reporting, improved compliance, and improved employee experience. These benefits can help your business to improve its HR processes, retain top talent, and increase productivity.</p></div><div class="K2FeedImage"><img src="https://itwire.com/media/k2/items/cache/ff347be18cb7e14ff27f2d57fcfe8e81_S.jpg" alt="4 Benefits of implementing an HCM solution into your business" /></div><div class="K2FeedIntroText"><p>GUEST OPINION: As a business owner, it's essential to constantly look for ways to improve your operations and increase productivity. One way to do this is by implementing a Human Capital Management (HCM) solution into your business.</p> </div><div class="K2FeedFullText"> <p>HCM solutions are comprehensive software platforms that help businesses manage and optimize their human resources processes. These solutions cover various HR functions, including payroll, benefits administration, talent management, and employee engagement.</p> <p>Implementing an HCM solution into your business can provide numerous benefits, including the following:</p> <h2>Improved efficiency and productivity</h2> <p>Manually managing HR processes can be time-consuming and error-prone. With an HCM solution, you can automate and streamline HR tasks, such as payroll and benefits administration. This can free up your HR team's time, allowing them to focus on more value-added activities, such as employee development and engagement.</p> <p>For example, let's say you have a business with 100 employees. Processing payroll manually could take your HR team several hours per week, and there's a high likelihood of errors. By implementing an HCM solution, you can automate the payroll process and reduce the time and effort required to manage it. This could save your HR team several hours per week, which they could use to focus on other HR tasks.</p> <h2>Enhanced data management and reporting</h2> <p>HCM solutions provide a central repository for all HR data, such as employee information, payroll records, and performance evaluations. This allows you to easily access, manage, and analyze HR data, providing insights into key metrics such as employee turnover and engagement levels.</p> <p>Suppose you want to track employee engagement levels at your business. With an HCM solution, you can use the data collected from employee surveys and feedback to identify trends and patterns. </p> <p>This can help you understand which areas of your business have high engagement levels and which areas need improvement. You can then use this information to develop strategies to improve employee engagement and retain top talent.</p> <h2>Improved compliance</h2> <p>Manually managing HR processes can increase the risk of non-compliance with labour laws and regulations. With an HCM solution, you can ensure that your HR processes comply with labour laws and regulations. This can help you avoid costly fines and legal issues.</p> <p>Imagine you are a business owner with employees in multiple states. Each state has labour laws and regulations, which can be challenging to manage manually. </p> <p>By implementing an HCM solution, you can ensure that your HR processes comply with each state's labour laws and regulations. This can help you avoid costly fines and legal issues.</p> <h2>Improved employee experience</h2> <p>HCM solutions can provide employees with self-service tools to access and manage their HR information. This can improve the employee experience by giving them more control and autonomy over their HR processes.</p> <p>Your employees are often busy and need more time to visit the HR department to update their personal information or request time off. Implementing an HCM solution, like the <a href="https://elearningindustry.com/directory/elearning-software/paylocity">Paylocity App</a>, can provide your employees with self-service tools to access and manage their own HR information. This can improve the employee experience by giving them more control and autonomy over their HR processes.</p> <p>The platform can track payroll, manage benefits, access company documents, and more. This can help make the HR process easier, faster, and more efficient.</p> <h2>Conclusion</h2> <p>In conclusion, implementing an HCM solution into your business can provide numerous benefits, including improved efficiency and productivity, enhanced data management and reporting, improved compliance, and improved employee experience. These benefits can help your business to improve its HR processes, retain top talent, and increase productivity.</p></div>Koala adopts Adyen's payment capabilities2022-09-27T10:06:08+10:002022-09-27T10:06:08+10:00https://itwire.com/accounting-software/koala-adopts-adyen-s-payment-capabilities.htmlKenn Anthony Mendozastan.beer@itwire.com<div class="K2FeedImage"><img src="https://itwire.com/media/k2/items/cache/c5db369bf844c594857a2e4c3e650825_S.jpg" alt="Koala adopts Adyen's payment capabilities" /></div><div class="K2FeedIntroText"><p>Australian furniture brand Koala has deployed financial tech platform Adyen's payment capabilities across Australia and new markets.</p> </div><div class="K2FeedFullText"> <p>With markets in both Australia and overseas, <a href="https://koala.com/en-au" target="_blank" rel="noopener">Koala </a>saw the need for a single overview of payments and consolidated reporting functionality.</p> <p>Koala picked <a href="https://www.adyen.com/" target="_blank" rel="noopener">Adyen</a> because of its capability to provide rich payment data, transaction visibility, and actionable insights across multiple markets, which are crucial components for the brand.</p> <p>“Adyen is the ideal partner to support Koala’s international expansion into new markets like Japan. We were won over by the hassle-free integration into cloud-based commerce tools and automated reporting which gives us rich and actionable insights,” said Koala group financial control director <a href="https://www.linkedin.com/in/belinda-judd-56962b21?originalSubdomain=au" target="_blank" rel="noopener">Belinda Judd</a>.</p> <p>{loadposition kenn}</p> <p>Through its single platform, Adyen provides Koala with an integration that unlocks all relevant payment methods in strategic regions without having to add multiple local contracts or partners.</p> <p>This enables Koala to connect to all major card schemes and key local payment methods preferred by consumers.</p> <p>“Adyen also helps us offer popular payment methods, and delivers a fast, seamless and secure checkout experience—which is non-negotiable for today’s shopper. Adyen gives us confidence in our payment infrastructure, which is essential as we continue to scale from Australia to the world,” said Judd.</p> <p>Furthermore, Adyen’s risk management tools defend against unwanted chargebacks. Adyen’s automated tools free Koala from having to manually identify suspicious shopper behaviour.</p> <p>Its single platform optimises the payment flow in real time—ensuring that Koala can find the best content for a payment request possible to get the best outcome.</p> <p>This includes having optimal settings for each market for higher authorisation rates and a better checkout experience.</p> <p>“Like any business, entering new markets comes with unique challenges. We are delighted that Koala has selected Adyen’s payments platform to power its international expansion. Our technology will enable seamless transactions and unified commerce experiences on a global scale,” said Adyen country manager Australia and New Zealand <a href="https://www.linkedin.com/in/hayleymfisher/?originalSubdomain=au" target="_blank" rel="noopener">Hayley Fisher</a>.</p></div><div class="K2FeedImage"><img src="https://itwire.com/media/k2/items/cache/c5db369bf844c594857a2e4c3e650825_S.jpg" alt="Koala adopts Adyen's payment capabilities" /></div><div class="K2FeedIntroText"><p>Australian furniture brand Koala has deployed financial tech platform Adyen's payment capabilities across Australia and new markets.</p> </div><div class="K2FeedFullText"> <p>With markets in both Australia and overseas, <a href="https://koala.com/en-au" target="_blank" rel="noopener">Koala </a>saw the need for a single overview of payments and consolidated reporting functionality.</p> <p>Koala picked <a href="https://www.adyen.com/" target="_blank" rel="noopener">Adyen</a> because of its capability to provide rich payment data, transaction visibility, and actionable insights across multiple markets, which are crucial components for the brand.</p> <p>“Adyen is the ideal partner to support Koala’s international expansion into new markets like Japan. We were won over by the hassle-free integration into cloud-based commerce tools and automated reporting which gives us rich and actionable insights,” said Koala group financial control director <a href="https://www.linkedin.com/in/belinda-judd-56962b21?originalSubdomain=au" target="_blank" rel="noopener">Belinda Judd</a>.</p> <p>{loadposition kenn}</p> <p>Through its single platform, Adyen provides Koala with an integration that unlocks all relevant payment methods in strategic regions without having to add multiple local contracts or partners.</p> <p>This enables Koala to connect to all major card schemes and key local payment methods preferred by consumers.</p> <p>“Adyen also helps us offer popular payment methods, and delivers a fast, seamless and secure checkout experience—which is non-negotiable for today’s shopper. Adyen gives us confidence in our payment infrastructure, which is essential as we continue to scale from Australia to the world,” said Judd.</p> <p>Furthermore, Adyen’s risk management tools defend against unwanted chargebacks. Adyen’s automated tools free Koala from having to manually identify suspicious shopper behaviour.</p> <p>Its single platform optimises the payment flow in real time—ensuring that Koala can find the best content for a payment request possible to get the best outcome.</p> <p>This includes having optimal settings for each market for higher authorisation rates and a better checkout experience.</p> <p>“Like any business, entering new markets comes with unique challenges. We are delighted that Koala has selected Adyen’s payments platform to power its international expansion. Our technology will enable seamless transactions and unified commerce experiences on a global scale,” said Adyen country manager Australia and New Zealand <a href="https://www.linkedin.com/in/hayleymfisher/?originalSubdomain=au" target="_blank" rel="noopener">Hayley Fisher</a>.</p></div>Humanforce launches Humanforce Payroll solution2022-09-16T10:23:15+10:002022-09-16T10:23:15+10:00https://itwire.com/accounting-software/humanforce-launches-humanforce-payroll-solution.htmlKenn Anthony Mendozastan.beer@itwire.com<div class="K2FeedImage"><img src="https://itwire.com/media/k2/items/cache/645079073335f96a025672d5e9da56f2_S.jpg" alt="Humanforce launches Humanforce Payroll solution" /></div><div class="K2FeedIntroText"><p>Workforce management solutions provider Humanforce launches Humanforce Payroll to transform into an ‘all-in-one’ platform for Australian and New Zealand HR and payroll professionals.</p> </div><div class="K2FeedFullText"> <p>“Empowering workforce, payroll and HR professionals with a single interface reduces the admin burden and risk of errors from timesheet right through to payslip. The solution also empowers employees by providing real-time access to their data and financial wellbeing programs such as earned wage access, all from the Humanforce mobile app,” said Humanforce CEO <a href="https://au.linkedin.com/in/claytonpyne" target="_blank" rel="noopener">Clayton Pyne</a>.</p> <p>Powered by payroll specialist <a href="https://payrollmetrics.com.au/" target="_blank" rel="noopener">Payroll Metrics</a>, Humanforce requires no integration. It is configurable and tailored for businesses.</p> <p>“Payroll Metrics’ new partnership with Humanforce brings together both companies’ expertise in payroll and workforce management, to offer Humanforce’s customers the simplicity of a single source of truth for all the information HR and payroll professionals need in their day-to-day tasks,” said Payroll Metrics founder and managing director <a href="https://www.linkedin.com/in/greg-mcmanus-578a8725" target="_blank" rel="noopener">Greg McManus</a>.</p> <p>{loadposition kenn}</p> <p>“For over 20 years Humanforce’s objective has been to take the complexity of workforce management and make it as simple as possible for businesses—an approach that Payroll Metrics shares with us when it comes to payroll. The combined breadth and depth of two best-of-breed platforms delivered in a single user and customer experience is what the market has been waiting for, and it’s finally here,” Pyne added.</p> <p>The key benefits of Humanforce’s new payroll solution include:</p> <p><strong>Workforce management and payroll in a single platform</strong>: an all-in-one workforce management and payroll platform, offering automated and secure data. The single interface features navigation between all core HR and payroll tasks such as Onboarding, Rostering, Time & Attendance, Payroll and Early Wage Access.</p> <p><strong>Increased employee well-being</strong>: with integration across Humanforce Payroll and workforce management, businesses can offer earned wage access options to reduce employee financial stress.</p> <p><strong>Implementation and faster time to value</strong>: Humanforce Payroll requires no integration with the Humanforce platform. Customers can begin using and learning Humanforce workforce management and payroll early in the onboarding process.</p> <p><strong>Eliminate security and compliance concerns</strong>: with lock and key security, business data across Humanforce is only accessible and available to whomever businesses choose, if and when they need it. Humanforce also offers an award interpretation engine, along with Single Touch Payroll (STP/STP2), Payday Filing, SuperStream and KiwiSaver compliance.</p> <p><strong>Mitigate data risk</strong>: bringing together all employee, rostering and payroll data flows in one solution helps to avoid potential errors when uploading multiple files, entering manual inputs and double-handling data.</p> <p><strong>Configurable to business needs</strong>: configurable to individual business’ needs and the unique requirements of their shift-based workforce, with flexible clocking and rostering options, as well as the choice to process bulk or one-off payroll events.</p> <p>“The Humanforce all-in-one solution improves the employee experience for our customers’ shift-based, roster-driven (or ‘deskless’) workforce and provides their teams with the tools they need to excel. Without the need for manual effort, our customers can get back to strategic business operations and not lose valuable time juggling multiple systems,” said Pyne.</p></div><div class="K2FeedImage"><img src="https://itwire.com/media/k2/items/cache/645079073335f96a025672d5e9da56f2_S.jpg" alt="Humanforce launches Humanforce Payroll solution" /></div><div class="K2FeedIntroText"><p>Workforce management solutions provider Humanforce launches Humanforce Payroll to transform into an ‘all-in-one’ platform for Australian and New Zealand HR and payroll professionals.</p> </div><div class="K2FeedFullText"> <p>“Empowering workforce, payroll and HR professionals with a single interface reduces the admin burden and risk of errors from timesheet right through to payslip. The solution also empowers employees by providing real-time access to their data and financial wellbeing programs such as earned wage access, all from the Humanforce mobile app,” said Humanforce CEO <a href="https://au.linkedin.com/in/claytonpyne" target="_blank" rel="noopener">Clayton Pyne</a>.</p> <p>Powered by payroll specialist <a href="https://payrollmetrics.com.au/" target="_blank" rel="noopener">Payroll Metrics</a>, Humanforce requires no integration. It is configurable and tailored for businesses.</p> <p>“Payroll Metrics’ new partnership with Humanforce brings together both companies’ expertise in payroll and workforce management, to offer Humanforce’s customers the simplicity of a single source of truth for all the information HR and payroll professionals need in their day-to-day tasks,” said Payroll Metrics founder and managing director <a href="https://www.linkedin.com/in/greg-mcmanus-578a8725" target="_blank" rel="noopener">Greg McManus</a>.</p> <p>{loadposition kenn}</p> <p>“For over 20 years Humanforce’s objective has been to take the complexity of workforce management and make it as simple as possible for businesses—an approach that Payroll Metrics shares with us when it comes to payroll. The combined breadth and depth of two best-of-breed platforms delivered in a single user and customer experience is what the market has been waiting for, and it’s finally here,” Pyne added.</p> <p>The key benefits of Humanforce’s new payroll solution include:</p> <p><strong>Workforce management and payroll in a single platform</strong>: an all-in-one workforce management and payroll platform, offering automated and secure data. The single interface features navigation between all core HR and payroll tasks such as Onboarding, Rostering, Time & Attendance, Payroll and Early Wage Access.</p> <p><strong>Increased employee well-being</strong>: with integration across Humanforce Payroll and workforce management, businesses can offer earned wage access options to reduce employee financial stress.</p> <p><strong>Implementation and faster time to value</strong>: Humanforce Payroll requires no integration with the Humanforce platform. Customers can begin using and learning Humanforce workforce management and payroll early in the onboarding process.</p> <p><strong>Eliminate security and compliance concerns</strong>: with lock and key security, business data across Humanforce is only accessible and available to whomever businesses choose, if and when they need it. Humanforce also offers an award interpretation engine, along with Single Touch Payroll (STP/STP2), Payday Filing, SuperStream and KiwiSaver compliance.</p> <p><strong>Mitigate data risk</strong>: bringing together all employee, rostering and payroll data flows in one solution helps to avoid potential errors when uploading multiple files, entering manual inputs and double-handling data.</p> <p><strong>Configurable to business needs</strong>: configurable to individual business’ needs and the unique requirements of their shift-based workforce, with flexible clocking and rostering options, as well as the choice to process bulk or one-off payroll events.</p> <p>“The Humanforce all-in-one solution improves the employee experience for our customers’ shift-based, roster-driven (or ‘deskless’) workforce and provides their teams with the tools they need to excel. Without the need for manual effort, our customers can get back to strategic business operations and not lose valuable time juggling multiple systems,” said Pyne.</p></div>Annature adds esigning and ID automation to Xero Practice Manager2022-09-06T12:50:14+10:002022-09-06T12:50:14+10:00https://itwire.com/accounting-software/annature-adds-esigning-and-id-automation-to-xero-practice-manager.htmlStephen Withersstan.beer@itwire.com<div class="K2FeedImage"><img src="https://itwire.com/media/k2/items/cache/5fb26fa265a810a86a12eea26967d6c5_S.jpg" alt="Annature adds esigning and ID automation to Xero Practice Manager" /></div><div class="K2FeedIntroText"><p>Australia-based Annature's esigning and ID verification services are now integrated with Xero Practice Manager.</p> </div><div class="K2FeedFullText"> <p><a href="https://www.xero.com/au/xero-practice-manager/" target="_blank" rel="nofollow noopener">Xero Practice Manager</a> (XPM) users can access esigned documents from either platform. They can also verify their clients' identities and synchronise the results with XPM.</p> <p><a href="https://www.annature.com.au/" target="_blank" rel="nofollow noopener">Annature</a> provides a dedicated dashboard (that mirrors the XPM dashboard) listing the esigned documents and verification requests.</p> <p>"This is more than just contacts database sync; it is a new workflow process to ensure documents are eSigned and automatically filed for smoother practice management. This collaboration will further reduce manual administration tasks and streamline customer onboarding with document signing and client verification with better outcomes for accounting firms and their clients." said Annature founder and CTO Corey Cacic.</p> <p>{loadposition stephen08}</p> <p>"Our commitment to the continued development of additional functionality reflects our concentration on solutions that add to the ROI of any business," he added.</p> <p>Annature's integrated esigning capabilities are available via the <a href="https://apps.xero.com/au" target="_blank" rel="nofollow noopener">Xero App Marketplace</a>.</p></div><div class="K2FeedImage"><img src="https://itwire.com/media/k2/items/cache/5fb26fa265a810a86a12eea26967d6c5_S.jpg" alt="Annature adds esigning and ID automation to Xero Practice Manager" /></div><div class="K2FeedIntroText"><p>Australia-based Annature's esigning and ID verification services are now integrated with Xero Practice Manager.</p> </div><div class="K2FeedFullText"> <p><a href="https://www.xero.com/au/xero-practice-manager/" target="_blank" rel="nofollow noopener">Xero Practice Manager</a> (XPM) users can access esigned documents from either platform. They can also verify their clients' identities and synchronise the results with XPM.</p> <p><a href="https://www.annature.com.au/" target="_blank" rel="nofollow noopener">Annature</a> provides a dedicated dashboard (that mirrors the XPM dashboard) listing the esigned documents and verification requests.</p> <p>"This is more than just contacts database sync; it is a new workflow process to ensure documents are eSigned and automatically filed for smoother practice management. This collaboration will further reduce manual administration tasks and streamline customer onboarding with document signing and client verification with better outcomes for accounting firms and their clients." said Annature founder and CTO Corey Cacic.</p> <p>{loadposition stephen08}</p> <p>"Our commitment to the continued development of additional functionality reflects our concentration on solutions that add to the ROI of any business," he added.</p> <p>Annature's integrated esigning capabilities are available via the <a href="https://apps.xero.com/au" target="_blank" rel="nofollow noopener">Xero App Marketplace</a>.</p></div>