"Just Great!" - What dataSights Customers Think About Mayday
July 19, 2024
This a guest article written by Kevin Wiegand from dataSights
dataSights was first introduced to Mayday over 2 years ago. A shared customer connected us. Over the last year, more and more dataSights customers have started using Mayday’s suite of tools to automate core accounting processes. The feedback has been incredible. Any dataSights customer who is using Xero can benefit from Mayday.
I wanted to take this opportunity to share the experiences of two of those customers: Graham Care and Randall Wine.
But first, who is Mayday?
Founded in May 2021, they have grown to serve a global customer base with their UK and Australia-based team. They won Xero’s Emerging App Partner of the Year award in 2023. They boast 227 reviews on the Xero App Store at a perfect 5.0 star rating.
There are 3 products in the Mayday suite:
- Balancer - no more needle in a haystack working out why intercompany balances don’t tie. Balancer’s powerful intelligent matching automatically identifies the reason for discrepancies. Available for both GL code balances as well as intercompany AR & AP;
- Recharger - automates the recharging of costs and revenues between group entities in 98% less time. Set recharge rules, review the calculated recharges, one-click post to Xero. Also available to reallocate costs or revenues between departments within an entity;
- Bank reconciliation across the group (BRAG) - an incredible extension to the Xero bank rec. Delivers the ‘match’ and ‘create’ functions on a multi-entity basis so you can match bank transactions to another entity and make the intercompany postings, all without switching Xero files.
Graham Care’s Balancer Story
Justyna, from Graham Care, wrote a review on the Xero App Store that says it all.
Intercompany balance sheet reconciliations can be infuriating. 1,000 transactions in one entity. 999 in the other.
It’s easy to spend a day getting to the eureka moment of finding the one-sided culprit. Graham Care have saved a huge amount of time by automating that process; accelerating their journey to the magic outcome of seeing all their intercompany balances aligned in the Mayday matrix.
Randall Wine’s Mayday Story
Managing 17 individual Xero organisations comes with its challenges. One of the biggest for Randall Wines was their centralised payroll. It was a manual, spreadsheet-based, and error-prone process before Daniel Mclean and his team implemented Mayday.
Now, through Mayday’s Recharger product, it’s a 15-minute process each month that anyone in the team can complete.
Another life-saver has been BRAG. With so many entities across the group, and only a few key bank accounts, it's common for bills to be paid out of one entity on behalf of another, or for customers to pay into the wrong place. Reconciling these transactions in Xero alone can be a nightmare, constantly toggling between entities. With BRAG, it's simple, easy and all sorted right from within the Xero bank feed.
Mayday has been a game-changer and massive time-saver for the Randall Wines team!
What next?
You can book a 20-minute online demo of Mayday here.
Or head straight for the 30-day free trial. One of the team will be in touch with details on how to book in an onboarding call to run through the setup.
To celebrate this partnership, take advantage of the exclusive promotion to get 50% off for 6 months, or the full 12 months of an annual plan, by using the code DataSights50 when subscribing before the end of September.