Introducing Mayday 2.0

Introducing Mayday 2.0

Mayday 2.0 marks the next step in our mission to mend month end for finance teams operating without an ERP.

From day one, that mission has been at the heart of what we do. For too long, finance teams have been left behind when it comes to month end, relying on the same spreadsheet processes they used 20 years ago, despite rapid advances in bookkeeping and accounting technology.

We started by tackling one of finance’s hardest challenges: multi-entity accounting. With Recharger, BRAG, and Balancer, we have helped finance teams using Xero automate intercompany recharges and reconciliations, delivering more than 250,000 postings back to Xero and saving hundreds of thousands of hours that would otherwise have been spent in spreadsheets.

But month-end challenges don’t stop at multi-entity organisations using Xero. They run through every accounting process, for every finance team.

That’s why we’ve evolved and why Mayday 2.0 is built to power the next generation of month-end automation for every finance team across the globe.

Mending month end for every finance team

With Mayday 2.0, we’re moving beyond multi-entity to tackle the core accounting processes at the heart of every month end, powered by our new engine, Artificially Intelligent Recognition (AIR).

Building our core accounting product suite

In July, we launched Deferred Revenue & Prepayments, powered by AIR, to help finance teams automate the creation and recognition of their deferred-revenue and prepayment schedules.

The results speak for themselves:

• 7,500 + prepayment and deferred-revenue schedules created
• 11,000 + invoice, bill, journal or transaction items predicted

Hear below from finance leaders who are already automating their schedules with Deferred Revenue & Prepayments.

Expanding to QuickBooks Online

And we’re not stopping there. We want to make sure the benefits of Mayday reach every finance team, not just those on Xero.

That’s why we’ve launched our new QuickBooks Online integration, expanding Mayday’s automation to 6.5 million global customers. Finance leaders are already scaling smarter with Mayday for QuickBooks Online. Hear below 👇

M-Powering finance teams to scale without an ERP

At Mayday, M-Powering means giving the “M” of SMB, ambitious, scaling businesses, enterprise-level capability while keeping the agility and simplicity of their existing accounting system. These teams have outgrown basic bookkeeping, but they don’t want to trade flexibility for complexity.

For them, moving to an ERP isn’t a milestone, it’s a setback. A typical migration takes two years and costs up to 10× more than building a connected, best-of-breed stack around Xero or QBO.

M-Powered finance means doing exactly that: combining Xero + Mayday with a curated ecosystem of tools for consolidation, approvals, spend, and reporting — a setup that’s faster to implement, easier to maintain, and far more cost-effective.

And we’re seeing it firsthand.

In the past 12 months alone, we’ve supported:

• 46 customers with revenue > $100 million
• 62 customers with revenue > $50 million

…all running with Xero + Mayday + Tech stack, not ERP, proof that the next generation of finance teams are scaling smarter, not heavier.

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Real results from M-Powered finance teams

We’ve seen what M-Powered finance looks like in practice and the results speak for themselves. Across industries and company sizes, Mayday is helping finance teams close faster, reduce errors, and regain time for higher-value work.

• ‍Roxanne O’Sullivan, CFO at Amalgamated Property Group, cut a 3-day intercompany process to 3 hours, bringing structure to what was once a reactive month end.‍
• Felix Mathews, CFO at SINE, reduced a 20-day close by automating intercompany loans and recharges across multiple entities and currencies.‍
• Harriet Hope, VP Finance at Arbolus, turned a manual intercompany process into a 10–15-minute task, saving half a day every month.‍
• Tyler Caskey, Partner at The Bean Counters, delivered month ends 40% faster for clients, replacing late-night spreadsheets with automation and confidence.

With over 300 reviews on the Xero App Store and a 4.98 average rating, we’re proud to hear how M-Powered finance teams are already redefining what month end can look like. Hear the love directly from the above customers in our highlights video below.

What’s next for Mayday

Mayday 2.0 is just the beginning. We’re continuing to expand automation across every aspect of the month-end close, building out new core products like Accruals and Accrued Revenue, and developing our upcoming Agent Month End to orchestrate and simplify the entire close process.

Alongside that product evolution, we’re investing in the community that powers it. Through CFO Techstack, our content and events hub for forward-thinking finance leaders, we’re sharing real stories, practical tools, and emerging best practices for teams scaling without an ERP.

Our mission remains the same: to M-Power finance teams to mend month end, and scale confidently with Xero and QuickBooks Online at their core.

Ready to get started? Sign up with our 30-day trial here!

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