With COVID-19 continuing to impact our personal and professional lives, for businesses, 2021 was another opportunistic year which meant that in order to stay ahead of the curve, businesses needed to remain agile and adapt quickly to changing consumer behaviours and payment trends.

Strong cash flow is critical for any business. Without it, businesses will have difficulty meeting their regular expenses, let alone have the capital to make larger investments in growth.

With measures such as the Federal
Government’s JobKeeper Payment
Scheme ending on 28 March 2021,
a slight cooling in the country’s
economy wouldn’t have been a
surprise. However, that hasn’t been
the case.

Services-based businesses require many systems to run smoothly. From bookings and project management, to operations and payments systems, everything can take a lot of time to organise and manage, so it’s critical you have systems and processes that enable you to deliver a smooth customer experience, and get paid on time.

You might have heard a bit about Spenda and perhaps you are keen to learn more? Or maybe you have recently discovered our business? Either way, we thought we’d dive deeper into who we are, what we do and how we help businesses excel so they can trade faster and most importantly get paid quicker.

End-of-day funds settlement just got a whole lot easier with Spenda’s new feature upgrade in SpendaPOS.

Today, Science, Technology, Mathematics and Engineering (STEM) careers are still very underrepresented by women. While there have been massive steps taken to promote STEM as a career to young women, there is still a lot of work that needs to be done to encourage young women to even consider these disciplines when planning their futures.

The fiscal policy measures introduced by the State and Federal Governments to cushion the economic impacts of the COVID-
19 pandemic have provided some businesses with a much-needed lifeline.

The COVID-19 pandemic resulted in 2020 being defined by a huge uptake of business-to-customer (B2C) payment services, such as contactless transactions and online shopping.

What a year 2020 has been. We all had specific hopes and aspirations for the year and as we know, it’s turned out to be a very different outcome for everyone. Two words that sum up 2020 are uncertain and unpredictable, and while it’s been a tough year for business in general, we’ve decided to take a quick trip down memory lane and look back at the positives, the happy moments, and what we achieved for our customers.

Despite innovation in the payment methods offered to consumers, the way businesses pay each other has changed very little over the last 40 years.

Business owners, suppliers and customers will be the big winners after Cirralto (the parent company behind Spenda) secured a Business Payments Solution Provider (BPSP) agreement.

Earlier this month we attended the Accounting Business Expo, and for the first time, the event was 100 per cent virtual.

US President-Elect Joe Biden’s hopes for Australia to be the innovation hub of the southern hemisphere have been realised if our burgeoning fintech industry is anything to go by.

Earlier this month we were fortunate enough to have a new Chief Financial Officer (CFO) join our team. As a fast-growing fintech company, bolstering our financial capabilities was a necessary milestone as we head into the next key stage of growth.

For many businesses, the team bonding experience often stops at the weekly Monday team catch up session, or perhaps the CEO delivers a regular update from the boardroom, and then you might end the week with some Friday afternoon office nibbles and drinks.

Managing a team just got a whole lot easier with Spenda’s User Management feature.

Available now on SpendaPOS for no extra cost, this feature allows businesses to easily add variants for products that come in more than one option.

“When you look around retail stores and you see customers over the moon about the products you help craft every day, that’s a win for me.”

There is a lot that can potentially go wrong when it comes to the technical aspects of planning and developing elite software that can handle specific processes, data and tasks for businesses across Australia.

While she intended on galavanting around the world as a travel bug throughout this year, our new Software Tester, Hannah Van Schayk, was forced to abandon her booked holiday plans due to COVID-19 and focus her attention on software bugs instead.

Our Business Analyst and Margaret River local, Andrew Mann, is our man on the frontlines meeting with our customers around Australia and helping them iron out their issues with the best digital technology available.

When he’s not catching waves at his local Queensland beach, our Server Technical Lead, Shane Nall, is creating them.

We’re pretty lucky our brilliant Software Test Lead and favourite Kiwi, Angela Carne, decided to call Australia home and join the team at Spenda.

I recently sat down with our experienced Chief Product Officer, Dave Wood, for a chat and inside view into the mind of our leader in Product Development.

We’re excited to announce the launch of SpendaCollect. This payment platform enables customers to view and pay one or many outstanding invoices in a single payment transaction so businesses get paid on time and improve their cash flow.

For retailers and suppliers looking to expand their reach, e-Commerce is a logical fit. Joining the forces of Spenda and WooCommerce is a sure way to boost your exposure.

Every business struggles with the same thing. Satisfying customers. Giving them what they want, when they want it, and giving it to them in the way they want to be engaged.

While Spenda now has more than 40 employees fine-tuning multiple software tools across two office locations in Perth and Sydney, the business started in a lounge room in Greenwood and was fuelled by a supportive single mother.

Given more than 700,000 small Australian businesses rely on Xero as their accounting platform, we made sure our software not only securely integrates all of your financial data across to Xero in seconds, but also connects more aspects of your retail business so you can stay on top of operations.

SpendaPOS and SpendaPay are now fully integrated with the Ingenico Move 5000 EFTPOS device to deliver an incredibly fast and secure checkout experience.

COVID-19 may have thrown Australian businesses a curveball, but everywhere you look people are adapting, and finding ways to keep their business moving forward.

We’re excited to announce all the following features have been updated within our Spenda App!

Our Spenda rep’s Alex, Domi and JB spent two full days meeting with software pioneers at the React Conference in Sydney and have walked away with mountains of innovative knowledge.

Our Spenda representatives Sandy Jones and Dominic Gattellari are over in Melbourne right now for the Inside Retail Live event!

The business that soars in 2020 will ditch omni-channel retail and embrace the single platform of unified commerce.