Cloud Watch: Mobile entrepreneur joins AutoEntry

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Xerocon hit the road this month in Melbourne, Australia and is heading towards the UK in early October. This month's round-up kicks off with some of the things that are likely to feature at the London event on 3-5 October.

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Mobile entrepreneur joins AutoEntry

26 Sep - Data entry automation developer AutoEntry has recruited serial entrepreneur Cathal McGloin as its new chairman.

Cathal McGloin, previously CEO of software developer FeedHenry and vice president for mobile platforms at RedHat, will bring a strategic industry perspective to AutoEntry, the company said. McGloin’s knowledge of the North American market, in particular, will help AutoEntry with its expansion plans.

McGloin commented on his new role: “AutoEntry is a truly disruptive service provider and a uniquely innovative product, which is turning heads in the marketplace by driving real business impact. The technological advances of its AI-based approach means it will continue to differentiate itself and lead this sector. I look forward to working closely with the team in the years ahead, of which I am confident will be a pivotal time of growth for the company.”

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Xero unveils new HQ management tool

12 SepThree thousand accountants, bookkeepers and software partners gathered in Melbourne, Australia, for the unveiling of Xero’s latest new product developments.

Just as happens in professional tennis, Xero’s Australia event represents the first episode in a global circuit that will arrive in London on 3-5 October and move on to Austin, Texas, in early December. So what was presented in Melbourne should be a good indicator of what visitors can expect to in London in a couple of weeks.

The most interesting launch for practitioners is a restyled Xero HQ suite. This brand has carried the torch for Xero’s practice management efforts for several years and now appears in what the developers might call its third iteration. This time around, Xero HQ is now a “curated” set of tools chosen to meet the needs of online practitioners. They include Receipt Bank, Practice Ignition, the US data collection tool Hubdoc, BOMA (a marketing app), NowInfinity and three reporting/forecasting tools: Fathom, Futrli and Spotlight Reporting.

Xero also introduced the Projects time and cost tracking module and Xero Expense. The theme building up behind Xero’s 2017 marketing roadshow is that these core products will connect front and back office functions to create a “business platform” for owners and their professional advisers.

More detail will follow in the week leading up to Xerocon London at Excel on 3-5 October.

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Spotlight releases new Action Plan tool

4 Sep - Spotlight, the provider of cloud-based financial and non-financial reporting, dashboards and forecasts, has released a new Action Plan feature.

Spotlight’s new tool features visual goal tiles, progress-trackers and due dates. According to Spotlight founder and CEO Richard Francis, these additions will “close the circle between data analysis and goal-setting”, enabling advisers to “set goals with clients and work alongside them to see the actions achieved so that goals are realised”. 

The Spotlight Action Plan tool will allow the inclusion of up to six actions that the user can create or choose from a list of prepopulated actions. Each action includes details such as the assignee, due date, description and a progress bar.

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Fathom enables report customisation

3 Sept - The management reporting and financial analysis tool Fathom has released an update to its reporting with more flexible customisation options.

Fathom, which lets users assess business performance indicators to identify problems and opportunities, now allows users to customise their reports by adding comments and observations, charts and personalised financial statements.

Different users can collaborate to modify a shared report and access the documents both offline and online.

Commenting on the release, US accounting technology blogger Blake Oliver wrote: “Fathom is a fantastic reporting tool, but in the past it hasn’t been particularly customisable. Now with the latest updates, you can create custom charts and reports, add commentary, assemble custom financial statements, and even schedule them to go out automatically.”

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