Short-Term Cash Flow Feature Pilot is Underway

www.xero.com

Last week Xero held its annual Xerocon conference in Australia which are good events to learn what's new in the world of cloud accounting. One new feature announced was a pilot for an AI-assisted, automated short-term cash flow projection which helps businesses determine cash needs over the next 30 days. This will be interesting to see how your client conversations may change with this kind of embedded functionality.

And: Kevin from cash flow forecasting app, Helm, does a good job at breaking down how this feature may work here.

Plus: We are seeing more use of machine learning in cloud accounting products. The CEO of Xero stated that since its acquisition of Hubdoc 1 year ago, they have increased the data that is extracted from documents from 20% to 70%.

Last: You can learn more about how Xero can help your firm with automation by checking out their free roadshows in a city near you (US dates here & Canadian dates here).

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