New technology feature
New Kids on the Block
We have seen huge advances in technology over the last decade and this has revolutionised not only the accountancy profession but also the way in which we conduct our everyday lives. This is exciting in itself but what is even more exciting is the fact that this technology is still developing! New products are being invented, new concepts tested and new ideas researched all over the world everyday.
In each edition of the Digital Accountancy Magazine, we are going to focus on some of these new companies and let you know about some of these new and exciting products and services that have been developed.
In this edition, we have spoken to three companies with some exciting new products which all have huge potential in the accountancy world. These are: Airwallex, Muse and Weava.
You may not have heard of all or any of these companies until now but it is highly anticipated that they will all become common names within our industry over the next 12 to 24 months.
Airwallex – A business account, built for the modern business
Airwallex is a technology company that revolutionises the way businesses operate globally. Our platform provides a modern technology stack for businesses of all sizes to operate internationally, without the challenges of the global financial system. Whether it’s making or receiving payments, domestically or internationally, Airwallex saves businesses time and money by offering real-time, reliable and cost effective financial solutions. Our web and API solutions support businesses of all sizes, from small companies to large enterprises. In this fast-changing digital world that is increasingly becoming borderless, our mission is to empower businesses of all sizes to grow in their own markets and around the world, and by doing so, contributing to the global economy.
Muse – giving back financial control to SMEs
We're on a mission to give back financial control to SMEs. While financial management is essential to business success, it can distract you from you doing what you love. The Muse app provides you with cash management tools and access to funding, allowing you to regain financial control and focus on the reasons you went into business in the first place.
Following 15 years of working in Wall Street, Muse was founded by Ann Juliano in 2018 after feeling the frustrations of setting up her own business. Ann quickly realised that she spent a lot of her time on financial management rather than growing her new business. Recognising how technology could be used to transform the way SMEs manage their finances and access funding, Ann created Muse: a mobile app that supports the many business owners who want to take back financial control.
Muse provides SMEs with smart finance management tools and access to affordable, speedy finance - all in one app. Our technology connects into your business’s cloud accounting software to provide free 30-day cash flow forecasts as well as a single view of all of your business bank accounts. You can also get access to alternative finance solutions directly within the Muse app.
Muse participated in the 2020 cohort of Barclays’ Fintech Accelerator, powered by Techstars.
Weava - The Pan-European solution for Amazon sellers.
Weava aims to provide a Pan-European solution for businesses that sell across multiple Amazon marketplaces using the Fulfilment by Amazon service.
Weava uses a combination of your Amazon Seller reports to calculate your sales and cost figures and accurately applies the appropriate tax rate, as well as Pan European VAT.
Your transactions are then posted to Xero in the form of invoices ready for reconciling against your Amazon payments. Weava is listed in the Xero App Marketplace and a certified Xero integration.
Try Weava’s free trial to see what it can do for you. Visit weava.co.uk for more details.