CFOtech New Zealand - Technology news for CFOs & financial decision-makers

Accounting systems stories

One of the most basic and yet essential software items every business requires is the accounting system. Available from a wide number of vendors, accounting systems help organisations keep track of their expenses and income, with varying levels of sophistication going from simple General Ledgers right through to mini-Enterprise Resource Planning solutions. Many accounting systems offer extensibility and integration with add-ons, allowing the user to go from a standard setup to a customised software environment more capable of handling various tasks related to or influenced by accounting data.
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MYOB rebrands ERP platform to MYOB Acumatica in partnership
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MYOB rebrands its ERP platform as MYOB Acumatica in an expanded strategic partnership with Acumatica, aiming to enhance mid-market business operations in Australia and New Zealand.
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Australian workers prioritise work-life balance over higher pay
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financial systems
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productivity
Nearly half of 500 Australian workers surveyed by Humanforce have changed jobs in the past year, prioritising work-life balance and wellbeing over higher pay.
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MAT finance leaders urge Labour for increased school funding
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MAT finance leaders have urged Labour to boost school funding, highlighting rising costs, pay awards, and SEND provisions as critical concerns from an IMP Software survey.
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Unprepared executives face challenges with Google's cookie phase-out
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martech
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A staggering 97% of executives feel unprepared for Google’s phase-out of third-party cookies, with 86% citing inadequate personalisation capabilities, reveals a new Optimizely survey.
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Xero launches SGD $630,000 fund to support small businesses
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accounting systems
Xero has launched the second Xero Beautiful Business Fund to help small businesses and non-profits with their expansion plans.
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Xero relaunches Beautiful Business Fund for 2024 with NZD $750k
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accounting systems
Xero's Beautiful Business Fund returns in 2024, offering over NZD $750,000 in funding to support small businesses and nonprofits globally in four key categories.
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UK business leaders stressed by rapid tech changes, study finds
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digital transformation
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financial systems
A BBD Perfect Storm Co/Labs survey reveals UK business leaders' anxiety over rapid tech evolution, with many admitting to stress and a fear of appearing outdated.
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Anchora launches in New Zealand, appoints Romit Sinha as director
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fintechs
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martech
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financial systems
Anchora has launched in New Zealand, appointing former Proximity CTO Romit Sinha as Regional Director. Sinha aims to boost business growth through advanced martech solutions.
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Digital incidents costing Australian firms millions
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financial systems
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asia pacific
New PagerDuty research finds digital incident costs in Australia average AUD $1,036,327, with automation touted as crucial for mitigating financial impacts.
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UK finance leaders prioritise tech, AI to drive productivity
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digital transformation
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financial systems
The 2024 Yooz survey reveals that finance leaders globally are prioritising technology use, cash flow optimisation, and reducing overheads.
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UK financial leaders shift support to Labour – report
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financial systems
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labour party
Research shows 55% of UK financial leaders plan to vote Labour, foreseeing positive business impacts, contrasting with 26% expecting negative effects.
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API security gaps widen despite rising incidents, says survey
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ai security
A new survey by Traceable AI reveals that API security gaps are widening even as API-related incidents rise, with fewer organisations implementing dedicated protection.
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Myths and misconceptions about cloud ERP debunked
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it training
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crm
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encryption
Unmask the myths of cloud ERP: not just a costly, unreliable, or complex system, but a scalable, secure solution boosting efficiency and growth for all businesses.
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Survey reveals burnout crisis among Australian knowledge workers
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financial systems
A UiPath-commissioned survey reveals 82% of Australian knowledge workers feel burnt out, with a third extremely so, citing heavy workloads and lack of AI tools as key stressors.
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New survey reveals challenges facing business travel in 2024
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fintechs
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cleantech
SAP Concur's survey reveals key business travel challenges for 2024 include disruption, safety, sustainability, and unequal opportunities.
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Zyxel Networks' firewall solutions win top PUR survey accolade
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firewalls
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financial systems
Zyxel Networks' firewall solutions have topped the latest Professional User Ratings survey by techconsult, winning Champion status for superior security, user-friendliness, and reliability among SMBs.
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Less than half of UK firms use GenAI despite recognised benefits
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financial systems
UiPath’s Global Knowledge Worker Survey reveals that only 47% of UK businesses are utilising GenAI tools. Meanwhile, 28% of workers are experiencing burnout, highlighting a need for better AI training and support.
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AI adoption among Australian SMEs to surge by 2026, survey finds
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financial systems
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A survey by Small Business Loans Australia reveals 25% of SMEs are using AI, with 60% planning adoption by 2026. NSW leads, while medium-sized businesses show the highest uptake.
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Xero unveils AI companion JAX to enhance accounting accuracy
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ai
Xero has revealed its AI-powered business companion, Just Ask Xero (JAX), to boost accuracy in accounting tasks, launching a beta in August.
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Xero introduces AI tool JAX to boost accounting accuracy
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financial systems
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ai
Xero has unveiled JAX, a new AI-powered smart business companion, at Xerocon London, promising enhanced accuracy in accounting tasks for small businesses.