Get started
Xero Users: Here’s why you should use Spenda to strengthen your cash flow

14 December - 2 min read

Bookkeeping, accounting, financial reconciliation, reporting and audits — it’s a lot to keep up with in any business, and can be especially challenging when you don’t have integrated systems that give you a real-time view of your finances. Spenda’s seamless integration for Xero provides real-time transaction updates, reduces manual data entry burdens, and delivers more efficient reconciliation and reporting processes, so you can keep track of your business’s finances at all times.

In this article, we outline how integrating Spenda with your Xero account can enable users to strengthen their business systems and improve cash flow.

Say goodbye to poor cash flow

If you’re currently dealing with the challenges of tight cash flow, our solutions provide business owners with a range of approaches to help you address the different things that may be weakening your financial position. These approaches can include:

  • Implementing better payment options that enable you to collect payments instantly 
  • Investing in smarter digital tools that allows your team to work smarter and remove inefficiencies from across your business
  • Say goodbye to accounting headaches by automating your accounts receivable and payables processes

With Spenda’s quick and easy Xero integration, you can feed your sales, expenses, invoices and payment information directly to your accounting system. By syncing all of this information in real time, you’ll be able to see exactly how your business’s finances are tracking to meet your regular expenses and plan bigger investments to achieve your growth targets.

Real-time updates allow for real-time adjustments

The option to have real-time data feeds or push transactions daily or in periodic syncs to Xero means you’ll always have the information you need at your fingertips. Use the automated systems to enjoy increased efficiency in your business or take it a step further to analyse your finances and see what you can change to strengthen your cash flow. 

Some of the changes you may make through analysing your business’s data include:

  • Aligning expenses with future cash inflows
  • Completing long-term cash flow forecasting to identify where and when financial challenges may arise and address these accordingly

Strengthen your business with Spenda

By implementing Spenda’s payment infrastructure, Xero users will benefit from real-time data feeds making account reconciliation, cash flow forecasting and financial reporting a breeze. Further, with a real-time view of your business’s finances, you’ll know exactly what levers to adjust to ensure your cash flow is strong at all times.

Download the App to try Spenda for yourself. Alternatively, you can book a free demo with one of our payment experts who can show you how Spenda works and answer any questions you might have.

*This article is for general information purposes only. Consult a qualified financial advisor regarding any changes to or decisions about your business’s finances.

Related Articles

Common accounts receivable issues and what businesses can do to overcome them

Chasing late invoice payments is a burden for any business, and still, more than half of B2B payments in Australia continue to be processed late, costing businesses, on average, $115 billion every year.

Ola Polczynski
Smart practices to help you optimise your credit control and strengthen cash flow

When you’re running a large operation with hundreds of invoices processed each month, the resources required to manage your payments grow quickly, especially when ageing receivables become a problem. While customers may not pay their invoices for various reasons, it happens too often, causing a range of challenges and increased risk.

Adrian Floate
How businesses can leverage digital solutions to boost their cash flow and grow

Digital payments helped businesses get paid safely and efficiently throughout the COVID-19 lockdowns and associated restrictions. But as economies reopen many challenges still face businesses including supply chain disruptions, the ‘great resignation’, rising inputs such as fuel, and the expense of reopening. These business challenges make now an opportune time to build on the processes optimised throughout the pandemic, especially across B2B trade.

Subscribe to our blog       

Invoice Finance

To learn more about our invoice finance solution, fill out the form below and one of our team will be in touch.