Four useful apps to help SMEs thrive

Technology continues to play a pivotal role in business operations. New apps and software are developed all the time to increase productivity and efficiency in businesses across a range of innovative sectors.

We’ve compiled four of our top recommendations for useful business apps and technology which will help keep your business running smoothly.

ApprovalMax

ApprovalMax extends online accounting platforms such as Xero and Quickbooks with approval-driven financial controls for accounts payable and accounts receivable. It replaces paper-and email-based approval routing, which can sometimes lead to delays and confusion. The fully automated multi-role and multi-tiered approval workflows enable businesses to operate efficiently and ensure

spend control and regulatory compliance for internal accounting and financial service outsourcing organisations. ApprovalMax is user-friendly, allowing it to be used by all employees within the organisation without advanced training.

Bulley Davey uses ApprovalMax for their scaffolding contractor client’s bill approval, which is quite a complex process involving numerous people from different departments across the whole business. You can learn more about how we use ApprovalMax in this case study.

Fathom

Fathom is an online reporting and financial analysis app that integrates with Xero or Quickbooks seamlessly to give you insightful management reports.

The app is easy to use and helps you to assess business performance, monitor trends and identify improvement opportunities. The analysis tool lets you see how well your business is performing which helps in assessing profitability, cash flow, growth and other key performance indicators.

You can learn more about Fathom here.

Dext

Dext offers a smart way to record all the important information from receipts, invoices and banks statements automatically. Using OCR technology, the app converts documents into digital text analysing and organising the data for you.

You simply take a photo of the paper receipts and invoices and Dext will do all the hard work for you reducing hours of your time. You can then confidently dispose of the paper copies and clutter leaving the month-end anxiety behind.

Your accountant will also be happy as Dext connects with the leading cloud accounting platforms unlocking automated publishing and automated transaction matching ready for reconciliation.

You can learn more about Dext here.

Telleroo

Telleroo effectively replaces the need for batch files which ordinarily import into your bank to pay multiple people at once. It acts a bit like a dummy bank account and works for paying employees, meaning that the data can be exported straight out of the payroll system along with employee bank details and put into Telleroo. The client then only needs to fund this dummy bank account and then at a set time in the future, provided it has the correct funds in it and has been approved by the correct parties, the payments will be made automatically without risk of human errors or typos.

Telleroo auto-syncs payments from Xero and updates any changes in Xero, too. Similarly, users can say goodbye to reconciliation problems, as Telleroo reconciles pay runs in Xero.

You can learn more about Telleroo here.

We’re here to help you

We hope these recommendations will help your business thrive. If you have any questions or require further assistance with your business, please do not hesitate to contact us. We provide cost-effective, high-value solutions to meet the financial needs of companies of all sizes across all industries.