With Xero’s marketplace now hosting over 800 diverse apps, the competition for the Xero App Awards was fiercer than ever. 

The Xero Awards for our app partners showcase the most innovative, established and emerging accounting and tech apps helping businesses become more efficient and productive. 

We’re especially excited to celebrate our winners this year, so here they are… 

App Partner of the Year: ApprovalMax 

ApprovalMax facilitates advanced approval workflows for Accounts Payable and Accounts Receivable.

Since being awarded Xero’s Emerging App of the Year Award in 2017, ApprovalMax has gone from strength to strength, capitalising on technical opportunities provided by our platform and proactively searching for new ways they can solve problems for our mutual customers. 

Over the years, ApprovalMax’s popularity has grown consistently in every region with great advocacy from our partners earning this app the “Preferred App Partner” status in 2019. 

Emerging App of the Year: Xavier Analytics

Last night we rewarded our accounting and bookkeeping partners for their hard work and dedication at the Xero Awards ceremony. 

With 14 trophies up for grabs, our 2020 finalists gathered at the infamous Electric Brixton for a night filled with celebration and fun. 

The night was hosted by award-winning comedian Lucy Porter, who was joined on stage by Spark –  the talented LED drum band that got the party going. 

So if you’re wondering what makes a winner, here’s the list of all our accounting and bookkeeping winners – and why they won. 

From everyone here at Xero UK, we want to congratulate them all again!

UK Sole Practitioner of the Year: Figure Fairy

Figure Fairy is a great example of small but mighty. 

Owner Rachael Prideaux has made it her priority to use Xero to its full potential, experiencing an increase in revenue as a result. 

Figured Fairy’s turnover

Platforms or ‘super apps’ are nothing new to consumers. In the business to consumer (B2C) space, super apps such as WeChat in China and Grab in Southeast Asia have transformed our lives as we know it. 

They empower us with the ability to arrange transport, send payments, order food and buy goods all through one app – from anywhere, at any time.

Similarly, smartphones can be considered platforms. These smart devices give us access to a vast app ecosystem, from which we can download apps tailored to various aspects of our daily lives. 

Each person’s combination of smartphone apps will be different from everyone else’s – making each mobile ‘platform’ unique.

Consumer technology has been evolving at an accelerated pace – and by leaps and bounds in many developing countries. But it is only now that businesses are gaining access to the beautiful world of platforms. A good cloud accounting

When Ron Lesh wrote corporate compliance software on MS-DOS for a postgraduate project in 1989, little did he know where it would lead him. The software formed the basis for BGLs very first compliance product.

Thirty years on, after becoming Australia’s first Windows-based corporate compliance product, then making the shift to the cloud, BGL now employs over 150 people across Australasia, with Ron still at the helm.

This month BGL is Xero’s app partner of the month – and for good reason. Their cloud-technology takes away the pain of compliance for accountants and bookkeepers, and dramatically reduces administration time. What’s more, they don’t just have one, but two apps in Xero’s app marketplace.

Thanks to the power of automation, their self-managed superfund (SMSF) compliance app, Simple Fund 360 can reduce administration by up to 11 times. And their corporate compliance software, CAS 360, cuts a one-hour

Launching and running a business is no easy feat. Entrepreneurs wear many hats, and some may not have the training or know-how to manage the financial aspect of their ventures. Founders may overlook accounting lapses and problems, especially when it comes to cashflow. This ends up hurting their businesses in the long run.

Cashflow: a big problem for small businesses

In fact, our data reveals that in 2018, Singaporean small and medium enterprises (SMEs) were owed a whopping total of S$4.146 billion (US$3.05 billion) in late payments.

For Junxian Lee, this statistic used to hit too close to home. He launched his first business when he was a university undergrad, and soon discovered that cash was a problem. As he had not yet established a relationship with suppliers, he would often have to pay them up-front and make up the difference later on. This hampered the business’ cash flow —