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Melio Announces Integration with Xero to Sync Payments Data

Melio | January 25, 2023 | Read time : 02:15 min

Melio Announces Integration with Xero to Sync Payments Data

On January 24, 2023, Melio, the industry-leading B2B payments platform for small businesses, announced a new integration with the cloud-based accounting software platform Xero. Through this integration, Melio's small business clients will be able to seamlessly sync their accounts payable and receivable data with Xero, therefore saving time on bill payments, facilitating reconciliation, and enhancing insight into incoming payments.

Melio's co-founder and CTO, Ilan Atias, said, "This two-way sync with Xero will help small business customers better understand how much money is going in and out of their accounts at a time when it is critical to keep a close eye on cash flow." He explained, "Moreover, this integration will help save customers time and simplify the bill-paying process while providing them with more visibility and control over their day-to-day finances."

(Source – PR Newswire)

The United States is home to 33.2 million small businesses, which accounts for 99.9% of the nation's businesses. This integration will enable these businesses to spend less time on accounting and more time growing their businesses. In addition, small business bills, payments, and invoice information will be seamlessly synchronized across the two platforms, saving time typing data into separate accounts and eliminating the guesswork of matching charges to open invoices.

The VP of Partnerships, Americas, at Xero, Carol Haverty, stated, "Melio's integration with Xero offers tremendous value to our accounting and bookkeeping partners and their small business clients." She also said, "Melio and Xero have a shared vision of championing small business. We look forward to helping our customers streamline workflows and save time with this integration so they can focus on growing and running their business."

(Source – PR Newswire)

This is Melio's fourth synchronization with an industry-leading accounting software vendor, extending the company's track record of collaborating and integrating with financial institutions, software providers, and markets.

About Melio

Melio is a market-leading B2B payments technology firm that helps small and medium-sized businesses send and receive payments rapidly and without hassle, thereby improving their cash flow and productivity. Melio, one of the fastest-growing B2B payment platforms in the United States, is revolutionizing the transfer of funds between businesses. It serves banking institutions and software firms that want to provide accounts payable and receivable solutions to small business clients. The company was founded in 2018, with headquarters in New York, a research and development facility in Tel Aviv, and headquarters in Colorado for the western United States.

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Pensa Announce Unveiling New Retail Shelf Facings Optimization Solution

Pensa Systems | December 29, 2022

On December 22, 2022, Pensa Systems, a frontrunner in the field of automated retail shelf intelligence, announced the debut of its facings optimization solution, which will assist consumer packaged goods (CPG) brands in increasing their revenue through enhanced retail shelf facings optimization. The term "shelf facings" refers to the number of a product's units that are visible from the front of a retail shelf. In grocery retail, the rivalry among CPG brands for facings is severe due to their direct correlation to revenue expansion. In the past, facings allocation was established based on rough approximations of relative sales volume and velocity generated from point-of-sale (POS) data that looked backward. Brands often combine POS data with simulated shelf scenarios to estimate how well their products will do on the shelf. However, POS data is notoriously "noisy." For instance, slow product sales represented in POS data could be an indication that a particular product is not selling or that the product is frequently out of stock and unavailable for purchase. Pensa bridges this gap for CPG brands and retailers by offering a continuous view of real products on retail shelves across a wide variety of shops and shelf formats. Pensa applies the concept of pricing elasticity to facings by correlating actual on-shelf product availability with the number of facings per product to determine the ideal number of facings by product and by category to boost revenue without allocating space to one product at the expense of others. Pensa's Artificial Intelligence (AI) is the world's first fully automated shelf intelligence system. The company's AI solution learns to visually recognize and differentiate between products on the shelf, much like a human does. This is better than comparing a single product image against a product image database or scanning the barcode on the bottom of a package. About Pensa Pensa is the market leader in automated retail shelf intelligence, powered by patented powerful AI and computer vision. Pensa provides the source of truth regarding what is happening on the retail shelf in order to prevent stockouts, boost shelf share, optimize product planning, and enhance the customer experience in an omnichannel world. Pensa partners with top CPG brands and retailers internationally, including General Mills, Johnson & Johnson, Unilever, Anheuser-Busch InBev, and Circle K, to address a trillion-dollar industry "blind spot" at a crucial time.

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Sunflower Bank Partnerships with SmartBiz to Launch a New Lending Online Platform

SmartBiz | January 20, 2023

On January 19, 2023, Sunflower Bank, N.A., announced the start of a new small business lending platform in collaboration with SmartBiz, the renowned artificial intelligence-powered small business financing platform. Through this new end-to-end online portal, small businesses within Sunflower Bank, N.A.'s branch network, will now have access to a smoother process to apply for conventional small business loans ranging from $25,000 to $350,000. Express Line loan products and small Business Administration (SBA) 7(a) will be accessible beginning in the second quarter of 2023. Sunflower Bank provides financial solutions to the individual communities it serves. It offers a comprehensive array of banking services, including personal, small business, commercial, wealth management, credit cards, and mortgages. By utilizing SmartBiz's cutting-edge technology and seasoned small company loan specialists, Sunflower Bank, N.A. has increased efficiency and personalized assistance throughout the loan application and approval process. Managing Director of Business Banking and SBA at Sunflower Bank, N.A., Matt Fitch stated, “SmartBiz aligns with our relationship banking approach, as well as our ambitious growth plans through its combination of technology and live support,” He further added “We are very excited to be able to meet the needs of more small business customers together and look forward to a long and productive partnership.” (Source – Business Wire) “Our mission at SmartBiz is to equip every entrepreneur with reliable access to the capital they need. We are thrilled to partner with Sunflower Bank, N.A. to ensure their clients can grow and strengthen their businesses with the right capital at the right time,” commented SmartBiz CEO Evan Singer. (Source – Business Wire) About SmartBiz Headquartered in San Francisco and Austin, SmartBiz is a leading AI-powered small business financing platform, providing entrepreneurs access to the appropriate capital at the right time. It has connected borrowers with more than $9 billion in SBA 7(a), PPP, and bank term loans to date, all while enhancing efficiency for its network of banks and reliable lending partners. More than 230,000 entrepreneurs have used its platform to get the financing they need to develop, with 60% of the loans given to minority, women, or veteran-owned businesses. It is backed by Investor including Growth Capital, Venrock, Baseline Ventures, First Round Capital and Uncork Capital. In addition, it has been crowned American Banker's Best Fintech to work for on multiple occasions.

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IRIS Software Group Acquire Apex HCM to Expands its US Business

IRIS Software Group | March 02, 2023

IRIS Software Group (IRIS), a leading global provider of accountancy and payroll solutions, recently announced the acquisition of a leading provider of cloud-based HCM enterprise software for Certified Public Accountant (CPA) firms and payroll service bureaus (PSBs), Apex HCM. Apex's software, which was founded in 2008, is utilized by over 250 CPA firms and PSBs across the America to provide payroll services to more than 40,000 small and medium-sized enterprises (SMEs). Its comprehensive HCM suite allows CPAs and PSBs to provide their SME clients with recruiting, onboarding, time and attendance, and benefits administration software through a cloud-native platform. The acquisition of Apex is a significant step in IRIS' international expansion. The combined business provides payroll services to more than one million employees and 130,000 SMBs in the United States and Canada. "We are delighted to welcome Apex to the IRIS family. This acquisition continues our successful journey providing leading software to PSBs and CPA firms – a market which IRIS has been serving for decades in the UK and we are rapidly expanding in the Americas region," said Elona Mortimer-Zhika, CEO of IRIS. (Source – Business Wire) The announcement follows a prosperous year of expansion for IRIS across the Americas. IRIS achieved a 28 percent increase in sales in 2022 as it successfully executed its ambition to supercharge the company's operations in the U.S. through mergers and acquisitions, innovation, and senior hiring. AccountantsWorld, myPay Solutions, Conarc, and Doc.it are among recent strategic acquisitions. About IRIS Software Group Headquartered in Slough, Berkshire, IRIS Software Group is one of the largest privately held software organizations in the United Kingdom and a global provider of mission-critical software. IRIS provides finance, HR, and payroll teams, educational institutions, and accounting firms with software solutions and services that streamline operations and allow professionals to focus on their passions. By streamlining, automating, and offering insights on routine mission-critical processes for businesses of all sizes, IRIS ensures that its customers can look to the future with clarity and confidence.

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Pensa Announce Unveiling New Retail Shelf Facings Optimization Solution

Pensa Systems | December 29, 2022

On December 22, 2022, Pensa Systems, a frontrunner in the field of automated retail shelf intelligence, announced the debut of its facings optimization solution, which will assist consumer packaged goods (CPG) brands in increasing their revenue through enhanced retail shelf facings optimization. The term "shelf facings" refers to the number of a product's units that are visible from the front of a retail shelf. In grocery retail, the rivalry among CPG brands for facings is severe due to their direct correlation to revenue expansion. In the past, facings allocation was established based on rough approximations of relative sales volume and velocity generated from point-of-sale (POS) data that looked backward. Brands often combine POS data with simulated shelf scenarios to estimate how well their products will do on the shelf. However, POS data is notoriously "noisy." For instance, slow product sales represented in POS data could be an indication that a particular product is not selling or that the product is frequently out of stock and unavailable for purchase. Pensa bridges this gap for CPG brands and retailers by offering a continuous view of real products on retail shelves across a wide variety of shops and shelf formats. Pensa applies the concept of pricing elasticity to facings by correlating actual on-shelf product availability with the number of facings per product to determine the ideal number of facings by product and by category to boost revenue without allocating space to one product at the expense of others. Pensa's Artificial Intelligence (AI) is the world's first fully automated shelf intelligence system. The company's AI solution learns to visually recognize and differentiate between products on the shelf, much like a human does. This is better than comparing a single product image against a product image database or scanning the barcode on the bottom of a package. About Pensa Pensa is the market leader in automated retail shelf intelligence, powered by patented powerful AI and computer vision. Pensa provides the source of truth regarding what is happening on the retail shelf in order to prevent stockouts, boost shelf share, optimize product planning, and enhance the customer experience in an omnichannel world. Pensa partners with top CPG brands and retailers internationally, including General Mills, Johnson & Johnson, Unilever, Anheuser-Busch InBev, and Circle K, to address a trillion-dollar industry "blind spot" at a crucial time.

Read More

BUSINESS STRATEGY

Sunflower Bank Partnerships with SmartBiz to Launch a New Lending Online Platform

SmartBiz | January 20, 2023

On January 19, 2023, Sunflower Bank, N.A., announced the start of a new small business lending platform in collaboration with SmartBiz, the renowned artificial intelligence-powered small business financing platform. Through this new end-to-end online portal, small businesses within Sunflower Bank, N.A.'s branch network, will now have access to a smoother process to apply for conventional small business loans ranging from $25,000 to $350,000. Express Line loan products and small Business Administration (SBA) 7(a) will be accessible beginning in the second quarter of 2023. Sunflower Bank provides financial solutions to the individual communities it serves. It offers a comprehensive array of banking services, including personal, small business, commercial, wealth management, credit cards, and mortgages. By utilizing SmartBiz's cutting-edge technology and seasoned small company loan specialists, Sunflower Bank, N.A. has increased efficiency and personalized assistance throughout the loan application and approval process. Managing Director of Business Banking and SBA at Sunflower Bank, N.A., Matt Fitch stated, “SmartBiz aligns with our relationship banking approach, as well as our ambitious growth plans through its combination of technology and live support,” He further added “We are very excited to be able to meet the needs of more small business customers together and look forward to a long and productive partnership.” (Source – Business Wire) “Our mission at SmartBiz is to equip every entrepreneur with reliable access to the capital they need. We are thrilled to partner with Sunflower Bank, N.A. to ensure their clients can grow and strengthen their businesses with the right capital at the right time,” commented SmartBiz CEO Evan Singer. (Source – Business Wire) About SmartBiz Headquartered in San Francisco and Austin, SmartBiz is a leading AI-powered small business financing platform, providing entrepreneurs access to the appropriate capital at the right time. It has connected borrowers with more than $9 billion in SBA 7(a), PPP, and bank term loans to date, all while enhancing efficiency for its network of banks and reliable lending partners. More than 230,000 entrepreneurs have used its platform to get the financing they need to develop, with 60% of the loans given to minority, women, or veteran-owned businesses. It is backed by Investor including Growth Capital, Venrock, Baseline Ventures, First Round Capital and Uncork Capital. In addition, it has been crowned American Banker's Best Fintech to work for on multiple occasions.

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IRIS Software Group Acquire Apex HCM to Expands its US Business

IRIS Software Group | March 02, 2023

IRIS Software Group (IRIS), a leading global provider of accountancy and payroll solutions, recently announced the acquisition of a leading provider of cloud-based HCM enterprise software for Certified Public Accountant (CPA) firms and payroll service bureaus (PSBs), Apex HCM. Apex's software, which was founded in 2008, is utilized by over 250 CPA firms and PSBs across the America to provide payroll services to more than 40,000 small and medium-sized enterprises (SMEs). Its comprehensive HCM suite allows CPAs and PSBs to provide their SME clients with recruiting, onboarding, time and attendance, and benefits administration software through a cloud-native platform. The acquisition of Apex is a significant step in IRIS' international expansion. The combined business provides payroll services to more than one million employees and 130,000 SMBs in the United States and Canada. "We are delighted to welcome Apex to the IRIS family. This acquisition continues our successful journey providing leading software to PSBs and CPA firms – a market which IRIS has been serving for decades in the UK and we are rapidly expanding in the Americas region," said Elona Mortimer-Zhika, CEO of IRIS. (Source – Business Wire) The announcement follows a prosperous year of expansion for IRIS across the Americas. IRIS achieved a 28 percent increase in sales in 2022 as it successfully executed its ambition to supercharge the company's operations in the U.S. through mergers and acquisitions, innovation, and senior hiring. AccountantsWorld, myPay Solutions, Conarc, and Doc.it are among recent strategic acquisitions. About IRIS Software Group Headquartered in Slough, Berkshire, IRIS Software Group is one of the largest privately held software organizations in the United Kingdom and a global provider of mission-critical software. IRIS provides finance, HR, and payroll teams, educational institutions, and accounting firms with software solutions and services that streamline operations and allow professionals to focus on their passions. By streamlining, automating, and offering insights on routine mission-critical processes for businesses of all sizes, IRIS ensures that its customers can look to the future with clarity and confidence.

Read More

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