Fintech Insider Podcast by 11:FS
01:35:53 · Keri Gohman, Anil Stocker, Sarah Kocianski, Hannah Dawson
[01:35:53] S13: And we definitely want to help them navigate but it starts with education. It how it's about the work that we want to do even to help the banks and financial services understand different data sets. How they can be used? How to be predictive in new ways taking advantage of new technology and obviously you guys are starting to partner with Barclays and change the game there. [01:36:13] S3: Yeah. So I think so I really think that it's not just about to your point about confusion. Yes. There's lots of apps out there. There's lots of different solutions. So I don't think it's enough to just for the likes of Xero to just connect to an app store and show lots of different options. I think finance has become more embedded in the software. You almost need to curate the experience. So if you're uploading a big invoice and you're getting paid by Samsung and that's a regular payment, there should be a pop up that says, hey, we know that this takes a long time and we can preapprove you and get you financed from market invoice. Or we embed in the financial planning software like with... That has been built on top of on of zero to say when you're planning your year, you know that you have these demands for cash at certain times. Plan ahead. Be proactive. Don't just do it last minute. [01:36:54] S0: And I think that point about cash flow is actually one that I've heard over and over again today and it seems to be the missing piece somehow from the journey that exists at the moment. [01:37:05] S16: Know... It's not. It's there.
01:37:05 · Hannah Dawson, Sarah Kocianski, Keri Gohman
[01:37:05] S16: Know... It's not. It's there. [01:37:06] S0: Trust You're there. Sorry. Sorry. I was going to I was going to ask you to explain like how how important it is and how it plugs that gap. Well, is [01:37:14] S16: a bit... So I talk in satnav, right? You know, when you're driving your car. Hey, there's a new route. It's faster. Your business today is different from the business in a month and it... You know, from three months from six months. And so it has to be this, you know, ever changing beast that you're looking at all the time with your advisor actually and that's the touch point that you have with your accountant to say, right, okay, this is our target for this month. How are gonna how you gonna get there? [01:37:42] S13: Yeah, and I think that's an important just point about the advisor. It's great to see your numbers. It's great to have technology that can help you automate the way your business runs. It's so critical that you have an advisor to help you take action, to help you figure out what your individual situation and choices should be. No small business owners the same. So how they interpret the information and what they do with it is going to be unique and they need someone to help them navigate.
01:37:42 · Keri Gohman, Becca McClure, Anil Stocker, Caroline Plumb
[01:37:42] S13: Yeah, and I think that's an important just point about the advisor. It's great to see your numbers. It's great to have technology that can help you automate the way your business runs. It's so critical that you have an advisor to help you take action, to help you figure out what your individual situation and choices should be. No small business owners the same. So how they interpret the information and what they do with it is going to be unique and they need someone to help them navigate. [01:38:05] S14: It's pleasant to translate it, isn't it? It's you've got you've got all the information. It's overwhelming and they can translate it. But I do think in that too is helping that advisor. It's really mind boggling being an accountant today. There's so much happening. There's so many apps. This... They've got to get their head around so much. They've got to become these advisors and it's helping them through that too. Absolutely. [01:38:27] S3: But I would... I want to just kind of, I guess, one thing that I believe strongly is that you're an accountant and you you know reconcile the books and do the year in accounts, that's cool. That's kind of what's expected of you. But if you're an accountant that solves a business's cash flow problem, if you're the difference between a company being able to export to a new market and deliver on their services, hire new people, they will always remember you. [01:38:49] S2: Yeah.
01:38:49 · Caroline Plumb, Anil Stocker, Becca McClure, Sarah Kocianski, Hannah Dawson, David M. Brear
[01:38:49] S2: Yeah. [01:38:49] S3: Definitely. So you have an opportunity to really become memorable and leave a legacy on that business. So, if you're an accountant, step up and write your legacy. [01:38:58] S14: Somebody said to me, one of them, my team said to me, the role of the accountant Historically has been to kind of help businesses understand their past position now It is helping them navigate the future and it's all future orientated and that's that's what's key I [01:39:12] S0: think I think that's a great place to end this third and final part of the show So thank you so much to Anil and Hannah. Where can people find out more about you? Twitter, LinkedIn, email? What you fancy? [01:39:22] S3: So we have a dedicated landing page on our website, market invoice forward slash zero. So that's where you can go and find out. [01:39:29] S16: Think we all do. We we have to. It's the rules. We're the welcoming committee. [01:39:35] S0: Thank you so much for joining us, guys. Thank you so much for joining us on FinTech Insider. Please give them a huge cheer. [01:39:42] S10: Fantastic. And that actually concludes this very special episode of Fintech Insider Live at ZeroCon. [01:39:50] S0: So before we all head to the bar and the ZeroCon after party really gets underway, I'm so excited about this by the way. I wasn't here last year and I've seen the pictures. So I'm I'm really keen to see what's happening this evening. [01:39:59] S10: It was epic last year. Think it's like, I think they've outdone themselves for this year as well.
01:39:59 · David M. Brear, Sarah Kocianski, Megan Caywood
[01:39:59] S10: It was epic last year. Think it's like, I think they've outdone themselves for this year as well. [01:40:04] S0: Anticipation is building. It is. So, we just want to say thank you one more time to all of our guests. So, if you guys can like cheer as I say their names, Anil and Hannah, to Pranav and Stuart, to Megan and Oliver, and of course to Kerry and Becca who have joined us for the entire show. [01:40:22] S10: Of course, we really, really, really, really, really, should thank our lovely, lovely audience. So everybody give yourself a round of applause. We [01:40:34] S0: also have to thank Ed Burks, who's lurking somewhere at the back. [01:40:37] S10: Ed, give us a wave. There we go. [01:40:38] S0: There he is, arms in the air, to Julian Moore and the entire team at Xero. And as usual, thanks to our amazing amazing media team for bringing all of this together. We couldn't do any of this without them. So let's have a big round of applause for all [01:40:49] S5: of those guys as well. Fantastic. [01:40:54] S10: Don't forget to subscribe to Fintech Insiders wherever you get your lovely lovely podcast. You can follow us on social media and find much more exclusive content on iTunes. We love reviews as well. If you'd like to leave us a review, feel free. Thanks for listening to Fintech Insider. Goodbye.