Welcome to our weekly round up of the latest news and updates from the accounting tech world.
This week, Tech Lowdown features Xero’s new MTD bridging solution, the launch of AP software provider Yooz in the UK, and news about AccountsIQ and Curve.
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Xero announces MTD bridging software
Xero has added a bridging software solution to its suite of MTD products. The solution will allow clients to continue using spreadsheets to keep digital records and calculate VAT figures. Xero’s bridging software will allow them to upload data directly from the spreadsheet onto the Xero platform and submit their client’s VAT returns to HMRC.
The MTD bridging software solution will be available in all Xero plans that support VAT and will include built-in functionalities such as a history of filed VAT returns and a view of all VAT returns that are due.
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Yooz arrives in the UK
The cloud-based accounts payable (AP) software provider Yooz has launched its solution in the UK. The company aims to easily automate the purchase-to-pay for businesses of all sizes, using technology such as artificial intelligence robotic process automation, machine learning, deep learning, and incremental learning.
After experiencing over 50% growth last year, the company now expects to grow in the UK. “With late payments identified as a major challenge to the UK economy, the market is ripe for accessible AP automation,” said Michel.
The service runs in the cloud and covers all the P2P process, automating over 80% of invoices and reducing cost-per-invoice by up to 70%, according to the company.
Yooz integrates natively with over 200 accounting software and ERP solutions including SAP, Microsoft Dynamics and Sage.
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AccountsIQ names new commercial director
AccountsIQ has appointed Lianne Gatti as commercial director for the UK. Gatti was previously business development manager at AccountsIQ and prior to this, she worked for the last 16 years with both public sector and commercial clients.
Gatti will lead the commercial function of AccountsIQ, which will focus on capitalising on the trend towards cloud solutions and expanding the UK team following the company’s business growth over the last two years.
“AccountsIQ has been servicing UK clients for over a decade and we feel it’s the right time to invest further in our UK office and expand our UK team to drive our ambitious growth plans,” said AccountsIQ's CEO Tony Connolly.
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Curve announces new card
Fintech Curve has unveiled a new stainless steel premium version of its ‘all your cards in one’ card.
Curve solution combines all credit and debit cards on a single card for ease of use, allowing the user to select which card is being used for each transaction via the Curve mobile app. Payments can be made everywhere Mastercard is accepted.
The new metal card gives Curve customers access to new benefits and rewards, such as unlimited fee-free spending abroad and gain 1% cashback from some retailers. As with other Curve transactions, payments through the new cards won’t be charged for any conversion fees and customers will see real time transaction notifications and they will be able to use the ‘time travel’ feature to reallocate transactions to different accounts after the transaction has been completed.
Curve Metal customers will also benefit from gadget insurance, overseas travel insurance that covers cancellation, and car hire insurance.