Translucent

What is the #1 reason for leaving Xero cited by businesses that have migrated to an ERP? It might not be what you think… 👇 The limited number of Tracking Categories. Xero enables 4 Tracking Categories, but only 2 can be active at any one time. This means that a business effectively has 2 Tracking Categories, with each limited to 100 Options. For some businesses, this isn’t enough… That’s why we’ve launched Data Dimensions - to give multi-entity businesses 6 additional Tracking Categories across your group. Like Tracking Categories, you can use them however you wish and personalise as you require. Each Data Dimension comes with up to 250 Options. This allows you to do much more with your data! Your group can now segment your data by ‘Branch’ and ‘Cost Centre’ and ‘Product’ and ‘Project’ and ‘Geo’ and ‘Customer Type’ and whatever else you need! Learn more about Data Dimensions and how to access additional Tracking Categories here 👉 https://lnkd.in/dM2WFtQz #TranslucentLaunchEvent #Xero #TrackingCategories

🚀 Reconcile Bank statement lines to invoices from other entities in your group directly from Xero’s Bank Reconciliation 🚀 Managing bank reconciliations across multiple entities and currencies can be complex and time-consuming. Challenges such as mismatched intercompany transactions, duplicate payments, and chasing customers for invoices already settled by another entity often arise. Group Bank Reconciliation simplifies this process by enabling you to match cross-entity payments and invoices directly within Xero’s Bank Reconciliation flow. This automation ensures intercompany balances are accurate and reduces manual effort, saving you time and improving financial accuracy. 🔹 Enhanced match and search functionality:  Xero’s match and search functionality now allows you to find invoices in other entities within your group and match them to bank statement lines seamlessly. 🔹 Reconcile and post with ease: Reconcile once, and post all relevant intercompany loan account entries, including marking invoices as paid across entities. 🔹  Prevent duplicate payments: Mark invoices as paid against the loan account immediately from your existing reconciliation workflow, ensuring clarity and avoiding double payments. 🔹 Track reconciliations with an audit log: Keep a detailed record of all reconciliations performed using the Group Bank Reconciliation plugin, ensuring full traceability and accountability. Click here to know more 👉  https://shorturl.at/r6ySN #MultiEntity #Intercompany #SomethingNewEveryWeek

Do you use Xero Tracking Categories in your #MultiEntity business? When aligned across a group, they bring great power to your reporting. But in multi-entity businesses, we’ve found they can be error prone… ❌ Tracking Categories don’t match ❌ Tracking Options don’t match ❌ Tracking Options aren’t applied consistently across the group The result? Unreliable and error-prone reporting. Until now, monitoring and fixing this has been an extremely manual and tedious process… That’s why we’ve launched Tracking Category Audit - to help you spot & solve issues with Tracking Categories across all your entities. Learn more about how it can help to increase the accuracy of your reporting here 👉 https://lnkd.in/duWVXn4a #TrackingCategories #Xero #TranslucentLaunchEvent

🚀 Just announced live at the Translucent Launch Event 👇 3 new tools to help improve the accuracy and reliability of data in your #MultiEntity business and further extend the capabilities of Xero… 1️⃣ Tracking Category Audit Spot & solve issues with Tracking Categories across all of your entities: 👉 Highlight inconsistencies in Tracking Category names 👉 Spot issues with Tracking Options 👉 Review how Tracking Options are used by volume, value, and percentage 2️⃣ Data Dimensions Get 6 additional Tracking Categories: 👉 Data Dimensions gives you 6 additional Tracking Categories across your group 👉 Create rules to automatically allocate transactions to your Options 👉 Bulk allocate transactions to your Options 3️⃣ Permissions Get the controls you need for your financial data: 👉 Prevent unintended sharing of your financial data 👉 Enable deliberate, wide access to your financial data 👉 Get more granular permissions than Xero You can learn more about each of these tools on our blog here 👉 https://lnkd.in/gwfkSzNj #Xero #DataModel #TranslucentLaunchEvent

The Translucent Launch Event is starting now ⏰ Over the next 45 minutes, we’ll unveil our latest App, set to further extend the capabilities of Xero for multi-entity businesses. We’ll be sharing all of the updates directly for you here on Linkedin. Keep checking back on this page 👀 Running a multi-entity business on Xero is about to get easier… #TranslucentLaunchEvent #MultiEntity #Xero

Tomorrow we reveal the latest App from Translucent. This is one of the most highly sought-after capabilities from Xero users - set to make running a multi-entity business even easier. Join Founder & CEO Michael Wood as he launches this new App live on stage, plus discover everything else we’ve added to our platform over the last 3 months. 📌 Translucent Launch Event 📅 Tuesday 26th November (TOMORROW) ⏰ 2:00pm GMT If you can’t join us live, the launch will be recorded and shared with all registrants. Book your space here https://bit.ly/3NUqYrm #TranslucentLaunchEvent #MultiEntity #Xero

🚀 More customisation options in Consolidation!🚀 Our standard format is to present data by Dimension then Date, e.g. we show departmental costs by month. We have now launched the ability to invert this to show Date by Dimensions, e.g. monthly costs by department. 🔹  Dimension analysis: Compare dimensions, such as location or department, by period to understand performance across the group. Click here to know more 👉  https://shorturl.at/TMHYu #MultiEntity #Consolidation #SomethingNewEveryWeek

🚀 Your data security matters so we have just completed the SOC2 work! 🚀 🔹 We have completed the work required for SOC2 certification and are now in the final observance period. 🔹 We are following best practices on all execution levels, verifying our staff, ensuring their physical devices are protected, ensuring that data is secured, encrypted, and isolated, and so on! 🔹 We expect to be fully certified in Q1 2025. Click here to know more 👉 https://shorturl.at/8Pdii #MultiEntity #SomethingNewEveryWeek

Huge congratulations to the winners of the Australian CFO Awards! 🎉 Thank you to everyone who made the event a success, especially our partners Weel and RSM. Here’s to this year’s winners: 🎖️CFO / Finance Leader of the Year: Anna Milinkovic GAICD, Qudos Bank 🏆 CFO / Finance Leader of the Year (Not-for-Profit): Ian Turnbull, ACT Education Directorate 🚀 CFO / Finance Leader of the Year (Start-Up): Erin Wills, Ever Nimble 📊 Financial Controller of the Year: Jason Dunlop, Camplify Holdings Limited 🌟 Young Achiever of the Year: Angelina Lau, 180 Degrees Consulting 💪 MVP of the Year: Jemma Grieve, Aurecon 🏅 Finance Team of the Year: University of Sydney We’re proud to have sponsored the CFO / Finance Leader of the Year award – special thanks to Lauren Crawford for presenting it. #CFOAwards #Translucent

🚀 Export Your Intercompany Reconciliations with all the details 🚀 You can now export your Intercompany Reconciliations for both Loan accounts and AP/AR accounts. This export provides a comprehensive view of what’s been automatically reconciled by Translucent, as well as manual reconciliations. 🔹 Track reconciliation history: See exactly when and how transactions were reconciled—whether manually or automatically by Translucent. 🔹 Build an audit trail: Access all the information you need on your intercompany pairs in one place. The export captures date and time details, FX rates used, and account balances—providing a comprehensive view and maintaining a thorough history for reference. Click here to know more 👉 https://shorturl.at/MaKfs #MultiEntity #Intercompany #SomethingNewEveryWeek