Digital Supply Chain Talk for SME's
Welcome to ‘Digital Supply Chain Talk for SMEs’, your weekly dose of insightful discussions and fun facts about the ever-evolving world of digital supply chains.
This podcast is designed for SMEs in Manufacturing, Distribution, Wholesale, eCommerce/Retail, tech implementors, and anyone interested in the SAAS ecosystem of inventory/stock management.
Each week, we dive deep into the intricate world of inventory management, ERP systems, fulfilment processes, and the broader digital transformation that’s reshaping businesses not just in the UK, but globally. We bring together experts, thought leaders, and practitioners from the digital supply chain ecosystem, sharing their insights, experiences, and innovative approaches to revolutionise how we manage, integrate, and optimise supply chains for the future.
Whether you’re an industry veteran looking to stay ahead of the curve, a newcomer exploring actionable strategies for digital adoption, or a curious mind seeking to understand this complex landscape, ‘Digital Supply Chain Talk for SMEs’ is your one-stop-shop for all things supply chain.
Tune in for a blend of professional insights, engaging discussions, and a dash of fun as we navigate the digital supply chain world together!
Digital Supply Chain Talk for SME's
How to Scale with Xero as a Multi-Entity Group with David Tuck of Mayday
David Tuck, co-founder and CEO of Mayday, discusses their mission to streamline the month-end closing process for finance teams using Xero. Mayday offers a suite of products including Balancer, Recharger, and Brag, which automate inter-company balances, recharging costs and revenues, and bank reconciliations across multiple entities. Tuck highlights the growing need for month-end automation as businesses scale and the challenges faced by in-house finance teams. He also emphasizes the value of the Xero ecosystem and the importance of building a tech stack that meets the specific needs of each business. Mayday has also created a community called CFO TechStack, providing content, community, and events for in-house finance leaders using Xero.
Takeaways
- Mayday offers products that automate month-end processes for finance teams using Xero, including inter-company balances, recharging costs and revenues, and bank reconciliations.
- The Xero ecosystem provides a range of apps and solutions that can be customised to meet the specific needs of each business.
- In-house finance teams can benefit from building a tech stack that streamlines their processes and reduces manual work.
- CFO TechStack is a community created by Mayday that offers content, community, and events for in-house finance leaders using Xero.
- Get tickets to their Stack event in September - https://stacked.cfotechstack.com/
Chapters
00:00
Introduction
03:05
David Tuck's Background and Journey as an Accounting Tech Entrepreneur
06:12
The Problem Mayday Solves: Month-End Automation for Finance Teams
09:05
The Growing Need for Month-End Automation in the Xero Ecosystem
13:05
The Challenges of Pricing and Anchoring in the Xero Ecosystem
16:16
The Rise of Multi-Entity Businesses and the Need for Solutions
19:23
Building a Community for In-House Finance Leaders: CFO TechStack
23:43
Demystifying the Xero App Ecosystem with Mayday's App Map
29:06
Geographical Reach and Community Engagement
35:03
Future Plans for Mayday and the Importance of Revenue Recognition
38:08
Closing Remarks and Contact Information
David Tuck - https://www.linkedin.com/in/tuckdavid/
Mayday - https://www.getmayday.com/
CFO Techstack - https://www.cfotechstack.com/
Stacked Event - https://www.cfotechstack.com/stacked
Your host is Matt Flanagan.
Got a question for him reach out at enquiries@bluehub.co.uk
