Case studies
Discover how individuals in the finance industry are transforming their lives with Mayday. See first-hand how we're making a difference in people's lives with our innovative solutions
The Antidote to Arbolus's Growing Pains
The finance team at Arbolus have used Xero as their accounting system since the business was founded in 2018. But times have changed. Arbolus now has multiple entities, and multi-entity finance is no walk in the park - particularly when it comes to month end.
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From lagging to BRAGging
It makes perfect sense that a business with a range of services like Immutable would have multiple entities to carry out its operations. As an innovative business, it makes complete sense that they'd use Xero as their accounting system. Unfortunately, the processes they were needing to employ to manage these multiple Xero entities did not make quite so much sense.
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How Mayday solved SPM's problems
Intercompany charges are an integral part of SPM’s monthly finance operations, to ensure that costs and revenues are allocated fairly (and legally). As a New Zealand-headquartered technology business, SPM were early users of Xero. It makes producing regular and accurate income reports easier in many ways, but not when it comes to intercompany recharges.
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