It’s time for Mayday’s quarterly product roadmap.

Each quarter we share how we are progressing towards our mission to mend month end — starting by solving the pain points of multi-entity businesses using Xero.

We share our roadmaps and plans transparently across our teams, customers and future users in the hope two things will happen:

1. We can create a rich ongoing dialogue with our customers on what we are building next and why - and to get their feedback on what else we should be developing.
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2. We want to work with the garage door open to inspire more tech savvy finance leaders to join Mayday on our journey to mend month end. We work hard to build the features our customers need because we know we are fulfilling a real need when no one else is. We want more people to see there is a company that can solve multi-entity month-end pain. Tell us what you need, and we will try our best to build it.  

There’s tons of other important work and improvement updates happening in the background, but this article focuses on the pillar projects that help us make progress towards achieving our mission.

So let’s get into it.

What we built in Q2

Balancer: AR and AP Matching (Beta)

We're expanding our matching capabilities beyond account codes. 

View AR and AP balances between contacts across your entities. This new feature helps ensure that both the overall balances, as well the balances for individual invoices, bills and credit notes, are consistent.

The new AR/AP functionality seamlessly integrates with the existing account-based balances in the dashboard, providing you with a unified view under one banner.

This feature is currently in beta mode. It will be available to all customers on the Active or Advanced plans from August 2024. 

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Balancer: Export Dashboard View (Live)

Many users requested the ability to export the Balancer dashboard view—so we delivered!

This feature allows you to:

• Attach balances to board reports
• Create audit trails showing reconciled balances at specific points in time

Now with Mayday Balancer you can export both the matrix and the dashboard view to PDF, giving you flexibility in how you present the data in your workflows.

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Recharger: Ad Hoc Recharges (LIVE)

We've introduced the ability to handle one-off situations within your recharge calculations.

This feature is perfect for:

• Dealing with "catch-all" nominal codes where costs need to be recharged to another entity but don't fit into existing recharge rules.
• Incorporating non-replicable costs into your recharges without creating a specific rule.

This enhancement brings us closer to 100% coverage of every possible recharge scenario.

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Recharger: Non-Calendar Month Reporting Periods (LIVE)

Exciting news for businesses who operate on non-standard reporting periods (e.g. 4-4-5 week cycles or 13 four-week periods per year).

With Mayday Recharger you are now able to:

• Set non-calendar month reporting periods within Recharger
• Run your recharges based on these custom periods

This update ensures your recharging aligns perfectly with your management reporting structure.

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What to expect in Q3 

Mayday 2.0: UI/UX Overhaul‍

We’re thrilled to announce a major UX/UI overhaul will be coming in the upcoming quarter. This refresh will deliver a sleek, modern interface that's easy on the eyes and even easier to navigate.

• Enhanced user experience making Mayday even more intuitive and user-friendly.
• Improved efficiency to help you navigate our tools more quickly.
• Future-proofing to lay the groundwork for big exciting features we have planned.

Your feedback has been instrumental in shaping this overhaul, and we're confident that the new UI will make your Mayday experience even better. Get ready for a faster, smoother, and more enjoyable way to manage month-end!

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Recharger: One-Sided Journal Posting ‍

This feature, originally planned for Q2, is now coming in Q3. While Balancer excels at highlighting discrepancies in intercompany balances across entities, we will soon add the ability to fix asymmetries directly within the tool.

This feature will allow you to:

• Easily post the mirror of a one sided posting from one entity to another

This functionality is a precursor to more intelligent fixing options we're exploring for the future. It will enable you to post directly into the other entity from within the Balancer transaction match screen, similar to ad hoc recharge rules or rule overrides in Recharger.

This feature will be available to all customers on the Active or Advanced plans from August 2024. 

BRAG: Introducing Transfers 

The BRAG Transfers feature which we planned to launch in Q2 is now coming in the next quarter. The addition of "Transfer" functionality to BRAG will complete the trio of cross-entity bank transaction handling (alongside Match and Create). 

This new feature will allow you to:

• Manage transfers of funds between entities
• Replicate the full functionality of Xero's bank reconciliation process, but on a cross-entity basis

A special thanks to Graham at Cloudworks for the inspiration behind this feature!

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Have your say

We are looking to enable different levels of access rights to the Mayday platform for different user roles. We would love your input. Email james.griffin@getmayday.com to tell us what you’d like to see. And of course, if you haven’t tried out Mayday already, sign up to our 30 free trial and let us know what you think. 

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