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Mayday Blog

Welcome to our blog, where you can stay updated on the latest in Mayday, accounting, and finance technology

December 2, 2024

Transform Month-End with Mayday: Powerful New Look, Same Trusted Tools

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August 29, 2024

Scaling up? Here's 3 Simple Steps for Successful Spend Management with Xero

Have you been searching for the best way to use Xero while controlling spending across your group? In this article, we explore how to implement effective spend controls so that you can ensure good processes are in place, even as you scale.

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August 20, 2024

Consolidated Reporting: 3 steps to get rid of your biggest Xero headache

Have you been searching for the best way to use Xero to run consolidated reports across your group? Well, look no further. We discuss how to level up your reporting and business intelligence game with easy-to-use consolidated reporting tools.

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August 16, 2024

Goodbye Manual, Multi-Entity Month End 👋: Xero & Accounting Automation

For the majority of businesses, the monthly close process is a notorious bottleneck that bogs down finance teams and saps productivity. But for multi-entity businesses, this multiplies tenfold. From reconciling intercompany balance sheets to managing recharges between companies to matching cross-entity bank transactions, the tasks can seem endless. Add the burden of switching between multiple Xero files, and it's a wonder how any finance team in a multi-entity business manages to close month-end at all.

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August 9, 2024

New feature! Never will your intercompany AR and AP fall out of balance again

We're excited to introduce a game-changing addition to our Mayday Balancer product: AR/AP matching. This powerful new feature allows you to effortlessly view and reconcile intercompany AR and AP balances across your entities.

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July 29, 2024

The blueprint behind a 47-entity organisation scaling with Xero

Can Xero really handle the complexities of multi-entity accounting, or is it just another overhyped solution? We went straight to the source for answers in a candid conversation with Head of Finance at 47-entity organisation Outernet, Paresh Makwana, and Annie Hawkins, Account Manager - Franchises & Membership Groups at Xero. Buckle up as we reveal the inside scoop.

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July 24, 2024

Q3, 2024: Quarterly Product Update

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. Here's what we built in Q3 and what's coming up for this quarter!

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July 22, 2024

Why Xero is Not Not For Groups: The CFO Playbook

If you are looking for what we lovingly dubbed 'ERPeace of mind', then look no further. Our mission is to empower finance leaders to scale confidently with Xero without the stress of transitioning to complex ERP systems. Let's dive into it.

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July 19, 2024

"Just Great!" - What dataSights Customers Think About Mayday

‍dataSights was first introduced to Mayday over 2 years ago. A shared customer connected us. Over the last year, more and more dataSights customers have started using Mayday’s suite of tools to automate core accounting processes. The feedback has been incredible. Any dataSights customer who is using Xero can benefit from Mayday.

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July 17, 2024

Bureau Licences: A New Offering for Accounting Firms

Mayday’s bureau licences, designed for accounting firms working with multi-entity clients using Xero, are now live. Tailored to the needs of accountants, this package provides a frictionless and cost-effective way for firms to harness the power of Mayday’s automation software for any multi-entity client that you work with.

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July 10, 2024

Xero Takes Centre Stage as Lead Sponsor for London's CFO Techstack Conference, Stacked

CFO Techstack, a leading community for forward-thinking in-house finance teams, announced today that global small business platform Xero has secured the headline sponsorship for its flagship London conference, Stacked, taking place on 12th September 2024.

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May 20, 2024

We're updating Mayday’s pricing - here's what you'll want to know

On 10th June 2024, we’ll be launching new pricing plans for Mayday. But before that happens, we wanted to give you a heads up on what to expect.

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May 16, 2024

Q2, 2024: Quarterly Product Updates

Here’s the latest update on what Q2 has in store and the milestones we achieved in Q1. Our team is constantly designing new products and features to help us achieve our mission to create a world in which all accounting adjustments are reduced to a one-step approval process. We regularly share internally what we are shipping next for the hundreds of people and businesses using Mayday.

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March 6, 2024

Intra-entity Recharges are Live!

We are thrilled to announce a major development to our Recharger product: intra-entity recharges. This new feature means you can now recharge costs and revenues , both within and between entities.

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March 4, 2024

Launching a new webinar series: ‘Building an Enterprise-Level System with Xero (APAC)’

We are so excited to announce that we’re joining CFO Techstack’s latest initiative, the APAC ‘Building an Enterprise-Level System with Xero’ webinar series. Mayday is heading 'down under’ to join an incredible panel of CFOs and finance teams across the APAC region. Whether you're currently using Xero and contemplating a move to an ERP (Enterprise Resource Planning) system, or concerned about scalability as your business expands, this series is tailor-made for you.

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February 13, 2024

Launching a new webinar series for CFO Techstack: Xero for Groups, The App Advantage

Today we’re excited to announce that we're participating in a brand new CFO Techstack webinar series: ‘Xero for Groups: The App Advantage’, covering the most highly requested topics we see from group CFOs about Xero and its ecosystem.

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January 18, 2024

Q1, 2024: Quarterly Product Updates

Welcome to 2024 at Mayday! We're eager to dive into our Q1 goals, which include introducing lots of exciting new features to our product suite. Before delving into what’s coming up next, let's take a moment to reflect on the strides we made in Q4 and how we concluded the year 2023.‍

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October 13, 2023

Ending the Enterprise Series and Awarding The Stackees: Celebrating Achievements in Techstacking

On Wednesday we hosted an event to celebrate our webinar series, Building an Enterprise-Level System with Xero (UK). We're still riding high on the wave of excitement from an unforgettable night at Xero’s London office. It was a pleasure to be joined by panellists, app partners and webinar superfans alike to celebrate the series - we hope you had a blast!

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October 9, 2023

Q4, 2023: Quarterly Product Updates

It’s officially the final quarter of 2023! We're full of enthusiasm and eager to achieve our Q4 objectives. However, before diving into what lies ahead, let's pause for a moment and look back at the progress we made in Q3.

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October 4, 2023

Looking Back: Building an Enterprise-Level System with Xero‍ (UK)

We’ve come to the end of our epic webinar series, Building an Enterprise-Level System with Xero (UK). Over the past three weeks, we have embarked on an incredible journey together to explore the power and potential of Xero plus its ecosystem. As we bring this series to a close, let's take a moment to reflect on the knowledge gained and what might lie ahead.

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August 14, 2023

Launching our new webinar series: Building an Enterprise-Level System with Xero (UK)

Learn more about our upcoming series, ‘Building an Enterprise-Level System using Xero’ (UK). Over 14 individual sessions we'll explore different topics, all aimed at helping CFOs and their teams who need to scale their Xero setup to meet the needs of their growing business. If you think you’re outgrowing Xero, this series is for you. Read on to find out more.

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August 9, 2023

The In-house Finance Team’s Guide to Xerocon

Going to Xerocon Sydney 2023? Read our guide to learn more about which exhibitors, demos and talks might be the best use of your time as someone who works in-house.

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July 21, 2023

Introducing Balancer Free

At Mayday we’re all about helping multi-entity businesses on Xero get accurate information efficiently at month end. To go even further, we’ve now launched a free-forever version of our Balancer product.

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July 11, 2023

Q3, 2023: Quarterly Product Updates

It's the beginning of a brand new quarter, and we're all revved up and ready to fulfil our Q3 goals! But before we jump into what’s up next, let's take a moment to reflect on Q2...

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June 16, 2023

Mayday wins Rising CFO Tech of the Year at the GENCFO Digital Finance Function Awards!

Last night, the Mayday team attended the GENCFODigital Finance Function Awards 2023 as a Rising CFO Tech of the Year nominee. Today, we are absolutely thrilled to announce that Mayday has won the award!

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June 9, 2023

Gone in 60 seconds (but why did we wait so long?!)

SourceBMX were first introduced to Mayday in May 2022, but didn't actually become Mayday users until eleven months later...

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May 16, 2023

Balancer has launched!

Never Again will your intercompany loan accounts fall out of balance

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May 10, 2023

Mayday: What's all the fuss about?

Last week, Mayday Co-Founder and CEO, David Tuck, was joined by two of our brilliant customers:

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April 20, 2023

Mayday is Xero Emerging App Partner of the Year!

Last night Mayday had the privilege of being hosted at the Xero Awards 2023 and what a fantastic evening it was!

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April 17, 2023

Q2, 2023: Quarterly Product Updates

It’s the start of a new quarter and we are picking up steam to achieve a set of incredible Q2 goals. Before we get stuck into these exciting objectives, let’s remind ourselves of what we accomplished in Q1.

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March 16, 2023

Our Product Vision - The Responses

Three months ago we published our product vision. It set out how we plan to mend month end with our single suite to automate accounting adjustments.

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March 1, 2023

Mayday is a Finalist for Xero Emerging App Partner of the Year!

We’re thrilled that we at Mayday are finalists for the Emerging App Partner of the Year award.

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February 22, 2023

BRAG has launched!

After an incredibly successful beta period, Mayday’s second product, BRAG, is now live!

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January 19, 2023

Q1, 2023: Quarterly Product Updates

It’s a new year, and we couldn’t be more excited for everything that is to come in 2023.

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December 12, 2022

Our Product Vision

Finance teams shouldn't have to toil for days at month-end processing manual accounting adjustments.

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April 24, 2022

Mayday Has Launched!

Last week was an incredible week at Mayday HQ. After months of rigorous testing with our beta users, we officially launched Mayday Recharger.

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January 12, 2022

The 7 Reasons YOU Should Be Running Your Intercompany Charges Monthly

As the finance team of an SME or startup that has expanded internationally and has multiple entities in the group, your resources are spread thin.

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