TWIYO is an early-stage corporate advisory firm that fundamentally believes the world is your oyster. They empower entrepreneurship through a combination of programs designed to meet the distinct challenges of start-ups and scale-ups.

Ryan Barnes told us, "I’m the Managing Partner at TWIYO, specialising in providing tailored CFO & Capital Advisory services to startups and scale-ups, helping them navigate complex financial challenges and unlock their full potential. On a day-to-day basis, I speak  with our portfolio of clients, solving the problems in their finance function.

Here's the tech stack we typically recommend:"

Learn more at twiyo.com

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Xero for General Ledger

‍Xero is the glue that holds everything together at the general ledger level with all of the other tools we plug into it.

xero.com

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Mayday for Intercompany

For full disclosure, I have not personally needed to be a user of this system. But I have helped a few clients navigate selecting Mayday as part of their process and I think what they are doing and the efficiency created is significant. I also think that the roadmap Mayday is building on will become an important asset in the future. I think for businesses using software it is good to get close to what they are working on, and how you can give feedback. It seems that they are in the same position as KeyPay and Fathom were almost 10 years ago, building something special and being eager to listen and help.

getmayday.com

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Employment Hero for Payroll

While I still fondly remember this as KeyPay, (and my browser tab remains the same), I've been a long-time user of Employment Hero. I hold the view that Xero's native payroll is fine but leaves a little functionality off the table, it also calculates the hours in a month quite strangely. I think it's worth the modest investment to have something that can work indefinitely, so the earlier you implement this the better. It also opens up the possibility to consider their HR suite. Plus, their support team is great.

employmenthero.com

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Fathom for reporting

Fathom is a really important system to us. Its functionality is more impressive than its warm aesthetic and they continually roll out new features. The ability to create varied, customised reports with automated commentary is critical for us. It also handles consolidations in a breeze. We often find ourselves speaking ad-hoc with clients and doing live-screen shares as a better way to view financials and trends. I think their forecasting is neat and getting better all the time and is a good suit for single-entity founder-led businesses, but we still sometimes find our way back into the comfort of a nicely formatted Excel spreadsheet.

fathomhq.com

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Hubdoc for Data Capture

I totally understand that this system has its limitations and that finance teams with more complex needs and approval workflows should look at other tools. But for the straightforward early-stage business, Hubdoc is a great way to cut your teeth in an automated AP solution. I give it an extra vote because it's free in the Xero subscription. I get a little sad when I hear that people, especially anyone in the profession, are not using something here, a real travesty.

hubdoc.com

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