We have been utilising PM+M's finance support and outsourcing services for our small company for the last 4 years. Their knowledge of cloud technology has revolutionised our information flow, providing us with easy access to crucial financial data anytime, anywhere. The cloud team's unwavering assistance has been invaluable. PM+M's ability to simplify complex financial matters and provide timely, jargon-free responses has empowered us to make informed decisions with confidence. Their expertise has been a cornerstone of our growth, and we extend our sincerest gratitude for their support over the years.Ben Jones
About our client
A growing small-to-medium-sized business, was struggling with manual and time-consuming financial processes. They faced challenges in accurately recording financial data, preparing compliance reports, and filing VAT returns. The traditional methods they used were error-prone, labour-intensive, and resulted in delays in meeting regulatory requirements.
How PM+M helped
Recognising the need for a more efficient solution, we proposed the implementation of Xero. Additionally, we introduced Dext, an AI-powered tool that extracts and processes data from receipts, invoices, and other financial documents. The integration of Xero and Dext aimed to streamline their financial operations and enhance compliance reporting processes.
- Real-time Data AccessXero's cloud-based platform allowed the client to access their financial data from anywhere at any time. This real-time access improved decision-making capabilities and provided a better overview of the company's financial health.
- Time and Cost SavingsThe combined solution of Xero and Dext led to substantial time savings by eliminating the need for an inhouse bookkeeper and the costs of manual data entry tasks. The reduced administrative burden allowed the directors to focus on strategic activities that added value to the business.
- VAT Return AccuracyWith automated data entry and accurate data extraction, the risk of errors in VAT return calculations significantly reduced.
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