In this episode of Digital Supply Chain Talk, hosts Matt Flanagan and Callum Wagstaff discuss their experiences at the CIN7  Partner Summit and other recent events. They share insights on networking, product updates, and the importance of personal connections in the digital supply chain space. The conversation highlights key developments in CIN7 's offerings, including AI integration and intelligent document recognition, and reflects on the value of community engagement among CFOs and industry partners. The episode concludes with thoughts on future events and the importance of building relationships in the industry.

Takeaways

• Connecting personally enhances collaboration and understanding.
• Attending events provides insights not available through marketing.
• Product updates at CIN7 were more cohesive this year.
• The altitude in Denver affected our energy levels significantly.
• CIN7 Pay will allow payments directly within the inventory system.
• Intelligent Document Recognition will save time for businesses.
• AI integration in CIN7 will help make informed decisions.
• Networking is as valuable as product information at events.
• CFOs play a crucial role in project success and clarity.
• Community engagement is essential for ongoing industry relationships.

Chapters
00:00 Introduction and Event Overview
03:00 Insights from the CIN7 Partner Summit
05:59 Key Product Updates from CIN7 
11:57 Exploring AI and Intelligent Document Recognition
17:54 Networking and Community Building
24:11 Reflections on CFO Engagement and Reporting
30:03 Conclusion and Future Events

If you have any questions at all please don't hesitate to get in touch. 
https://bluehub.co.uk/contact

Your host is Matt Flanagan.

Got a question for him reach out at [email protected]

In this conversation, Matt Lowry from ApprovalMax discusses the history and features of the approval workflow software. ApprovalMax was founded in 2014 and is integrated with accounting systems like Xero, QuickBooks Online, NetSuite, and CIN7 Core. The software allows for multi-step, multi-tiered approvals and provides visibility and traceability in the approval process. It also offers features like fraud detection and OCR. The product is flexible and can be accessed through a web app, mobile app, or Slack integration. Onboarding and support are available through a free trial, sales representatives, and a 24/5 support team.

Takeaways: 

• ApprovalMax is an approval workflow software that integrates with accounting systems like Xero, QuickBooks Online, NetSuite, and CIN7 Core. 
• The software allows for multi-step, multi-tiered approvals and provides visibility and traceability in the approval process. 
• ApprovalMax offers features like fraud detection and OCR, and it can be accessed through a web app, mobile app, or Slack integration. 
• Onboarding and support are available through a free trial, sales representatives, and a 24/5 support team.

Chapters: 

00:00 Introduction and Background 
03:30 Overview of ApprovalMax 
07:38 Integration with Accounting Systems 
11:24 Sales and Implementation Process 
13:48 Integration with Other Systems 
17:27 Addressing Hybrid Work Environments 
20:23 Ease of Use and Daily Impact 
23:43 Onboarding and Support 
29:39 Getting in Touch with ApprovalMax 

If you have any questions at all please don't hesitate to get in touch. 

https://bluehub.co.uk/contact
https://approvalmax.com/

Your host is Matt Flanagan.

Got a question for him reach out at [email protected]

In this conversation, Matt and Callum discuss various BlueHub projects they have been working on, including a lighting manufacturer, a sports apparel company, a beauty manufacturer, and a gaming device manufacturer. They highlight the importance of staying up to date with system updates and features, as well as the challenges of managing warehouses and integrating with 3PLs. They also emphasise the need for businesses to feel the pain and see the value before investing in new systems.

Takeaways

• Staying up to date with system updates and features is crucial for maximising the benefits of a software system.
• Managing warehouses and integrating with 3PLs can be complex and require careful consideration of processes and integrations.
• Businesses need to feel the pain and see the value before investing in new systems.
• The size of a business does not necessarily determine its readiness for implementing new systems.
• The implementation process can take time and should be planned and prioritised accordingly.

Chapters

• 00:00 Introduction and Project Overview
• 04:46 Improving Processes for a Lighting Manufacturer
• 08:48 Challenges of Managing Warehouses and 3PL Integration
• 12:05 Refresher Training for a Beauty Manufacturer
• 19:09 Account Review and System Setup for a Multi-Entity Business
• 21:19 Implementing Systems for a Gaming Device Manufacturer
• 25:46 Timing and Value in Implementing New Systems
• 27:35 Conclusion and Final Thoughts

Keywords projects, lighting manufacturer, sports apparel, beauty manufacturer, gaming device, system updates, warehouses, 3PL integration, pain points, value

Your host is Matt Flanagan.

Got a question for him reach out at [email protected]

In this conversation, Matt Flanagan and Stuart Hurst discuss the benefits and challenges of using cloud accounting, specifically focusing on the Xero platform. They highlight the scalability of Xero and its ability to cater to businesses of all sizes, from small start-ups to multinational companies. They also emphasise the affordability of Xero compared to other accounting software. The discussion touches on the importance of process review and mapping when integrating inventory systems and e-commerce platforms with Xero. They stress the need for proper planning and forecasting to avoid overwhelming Xero and the importance of involving the team in the change management process. Finally, they discuss the common challenges of scaling on Xero and offer advice on overcoming them, such as bringing in additional apps and having a long-term vision and plan.

In this conversation, Stuart Hurst and Matt Flanagan discuss the importance of understanding the cultural and people aspects of implementing new systems. They emphasise the need for analysis and optimisation of systems to get the most out of them. They also highlight the challenges of keeping up with frequent software updates and the need for regular reviews of system usage. The conversation touches on topics such as the impact of system changes on job roles, the importance of accurate data for reporting, the challenges of multi-currency transactions, and the significance of data quality and consistency for effective reporting.

Takeaways

• Xero offers scalability and can cater to businesses of all sizes
• Xero is affordable compared to other accounting software
• Proper process review and mapping are crucial when integrating inventory systems and e-commerce platforms with Xero
• Involving the team in the change management process is important for successful implementation
• Planning and forecasting are essential to avoid overwhelming Xero as the business scales
• Having a long-term vision and plan is critical for effective scaling on Xero
• Understanding the cultural and people aspects is crucial when implementing new systems
• Regular analysis and optimisation of systems are necessary to maximise their benefits
• Frequent software updates can pose challenges, and regular reviews of system usage are important
• Multi-currency transactions require careful consideration and the right tools
• Data quality and consistency are key for effective reporting

Chapters

• 00:00 Introduction and Background
• 03:04 The Scalability and Affordability of Xero
• 08:30 Integrating Inventory Systems and E-commerce Platforms with Xero
• 11:02 The Importance of Process Review and Mapping
• 13:25 Involving the Team in the Change Management Process
• 15:36 Planning and Forecasting for Successful Scaling on Xero
• 19:11 The Cultural and People Aspects of System Implementation
• 19:35 Optimising Systems for Maximum Benefit
• 20:04 Challenges of Frequent Software Updates
• 21:03 The Importance of Regular System Usage Reviews
• 23:02 Accurate Data: The Foundation of Reliable Reporting
• 24:21 Navigating Multi-Currency Transactions
• 29:13 Data Quality and Consistency for Effective Reporting

Keywords accounting, Xero, scalability, affordability, inventory systems, e-commerce, change management, scaling, system implementation, system optimisation, software updates, system usage review, job role changes, accurate data, multi-currency transactions, data quality

Stuart Hurst - https://www.linkedin.com/in/stuart-hurst-cloud/
TikTok - https://www.tiktok.com/@cloud10acc

Your host is Matt Flanagan.

Got a question for him reach out at [email protected]

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 [email protected]

Tom from PeopleVox discusses warehouse management and the challenges brands face when scaling up their fulfillment operations. He explains that the triggers for considering a warehouse management system (WMS) include the need for more efficiency, reducing warehouse labour costs, and improving inventory accuracy. Tom also highlights the importance of timing and planning when implementing a WMS, as it can take anywhere from a few weeks to several months depending on the complexity of the implementation. He emphasises the value of working with a WMS provider who understands the pain points and goals of the business. Peoplevox specializes in warehouse management systems for e-commerce businesses. They offer nine different picking methods to improve warehouse efficiency and handle data management. The system is particularly beneficial for larger brands with high turnovers and complex operations. Returns are a significant challenge for e-commerce brands, and Peoplevox helps streamline the process. They also provide ongoing support and customer success to ensure clients are getting the most out of the system. The implementation process involves an initial call, tech stack review, software demonstration, and proposal. Peoplevox charges an implementation fee and a monthly fee that is only realised once the client is live and benefiting from the system.

Takeaways

• Warehouse management systems (WMS) can help brands improve efficiency, reduce labour costs, and achieve accurate inventory management.
• The triggers for considering a WMS include the need for more efficiency, reducing warehouse labour costs, and improving inventory accuracy.
• Implementing a WMS can take anywhere from a few weeks to several months, depending on the complexity of the implementation.
• Working with a WMS provider who understands the pain points and goals of the business is crucial for a successful implementation. Peoplevox specializes in warehouse management systems for e-commerce businesses, offering nine different picking methods to improve efficiency.
• The system is particularly beneficial for larger brands with high turnovers and complex operations.
• Returns are a significant challenge for e-commerce brands, and Peoplevox helps streamline the process.
• The implementation process involves an initial call, tech stack review, software demonstration, and proposal.
• Peoplevox charges an implementation fee and a monthly fee that is only realised once the client is live and benefiting from the system.

Chapters
00:00
Introduction

03:12
Overview of Warehouse Management and PeopleVox

07:06
Triggers for Considering a Warehouse Management System

09:32
Challenges in Scaling Up and Moving Warehouses

14:14
Timing and Planning for a Successful WMS Implementation

19:00
Optimising Warehouse Efficiency

20:27
Streamlining Returns

22:13
Incorporating Tactile Investment into E-commerce

24:12
Exploring Peoplevox's Content and Offerings

25:34
Diverse Brands Utilizing Peoplevox

26:29
Integration with Other Systems

31:09
Ongoing Support and Customer Success

32:30
Implementation Process of Peoplevox

PeopleVox - https://www.peoplevox.com/
Thomas Bennett - https://www.linkedin.com/in/thomas-bennett-570667b3/

Your host is Matt Flanagan.

Got a question for him reach out at [email protected]

Elspeth from A2X discusses the history and benefits of the A2X software, which helps e-commerce businesses streamline their accounting processes. A2X was started by two Amazon sellers who realised the need for a solution to handle complex Amazon accounting data. The software consolidates data from various e-commerce platforms and integrates with accounting software like Xero and QuickBooks. It eliminates the manual processing of reconciling sales, expenses, and taxes, providing accurate financial insights quickly. A2X offers onboarding support, training resources, and a global support team to assist users.

Takeaways

• A2X helps e-commerce businesses streamline their accounting processes by consolidating data from various platforms and integrating with accounting software.
• The software eliminates the manual processing of reconciling sales, expenses, and taxes, providing accurate financial insights quickly.
• A2X offers onboarding support, training resources, and a global support team to assist users.
• The software is particularly beneficial for sellers on platforms like Amazon, eBay, Etsy, and Shopify.

Chapters

• 00:00 Introduction and Background of A2X
• 05:50 Core Features and Benefits of A2X
• 08:03 Integrations and Expansion of A2X
• 13:25 Real-Time Integration and Data Accuracy
• 16:12 Onboarding and Support Options for A2X Users
• 18:17 A2X’s Growth and Global Presence
• 22:14 Impact of Brexit on E-commerce and A2X’s Role
• 25:09 Getting in Touch with A2X

Keywords A2X, e-commerce, accounting, software, integration, reconciliation, financial insights

Elspeth Cordray - https://www.linkedin.com/in/elspeth-cordray-micb-442603182/
A2X - https://www.a2xaccounting.com/

Your host is Matt Flanagan.

Got a question for him reach out at [email protected]

Exciting times! Find out about our upcoming launch of our new podcast 😀

• What it's about?
• Who it's for?
• Where you can listen/watch it?
• What's next?

See you in the next episode.

Your host is Matt Flanagan.

Got a question for him reach out at [email protected]