INS Global’s Post

🎉 Breaking News: Xero Discovers Revolutionary Business Strategy never tried before 🎉 Step 1: Take your existing product Step 2: Give it a shiny new name Step 3: Increase the price by 10% Step 4: Bumper profit! Fill yer boots, folks! 💰 Who knew that the secret to innovation was hiding in plain sight all along? Bravo, Xero, for bravely implementing the "Same-Product-New-Name-Higher-Price" strategy that definitely hasn't been used since the very dawn of commerce. Next up: Water rebrands as "Hydro+" and charges extra for the plus sign. #BusinessInnovation #PricingMagic #SameOldNewTrick

Kickstart the new financial year with an incredible opportunity! We're celebrating businesses driving change by giving away 20 Xero subscriptions, valued up to $1470 each! 🤑 Take this opportunity to streamline your financial processes and amplify your impact. Act quickly, register today! ➡️ https://buff.ly/3XMAvXE *Terms and Conditions apply. #Xero #businessforgood #impactboost #financemanagement

Last week I announced I was on the way to a sustainability-focussed Partner Success day at Xero HQ - so what was the key insight from the Q&A? 👇 💡People often think of B Corp as a mark of being environmentally friendly, but that’s a surprisingly small aspect💡 Other areas assessed include the impact of the business and its approach to; • workers • customers • community • governance • supply chain Given the core values, attitudes towards team members and client focus, Xero partner firms are likely closer to the B Corp standard than they imagine. The key differences tend to come from 1) Mission Lock - changing the company’s Articles of Association to include explicit consideration of people and planet, not just profit in its decision making. 2) Impact Business Model - a systemically embedded impact/charity contribution (in our case 20% of profits). But It’s not about meeting the standard. It’s about the attitude, the values, the commitment to business as a force for good. It’s about the continuous drive to improve. Not an alien concept really. It’s a common trait for many businesses, particularly Xero partners. Why not have a run through the free B Impact Assessment tool. #bcorp #xeropartners #sustainability  

The problem with asking me to share my thoughts…..is that I have lots of thoughts 😂 Looking forward to a couple of great sessions with CFO Techstack. Details in the post below

生意 That’s the Chinese character that refers to “Business” Separated, 生can be translated as Arise and 意 can be understood as Meaning. Thus, all business would be futile if there is no meaning, leading to a lack of interest, contribution to mankind and then eventually profit. There’s this term 财聚人散 Which means Talents disperse when profits are hoarded. It prompts the question: Are you running a business that maximises the profits for shareholders but treat members of your team as dispensable? Switch two characters around, we have 财散人聚 Talents gather when benefits are shared. Business #sustainability is as such. The team cannot progress when they do not strengthen the links that make the entire chain.⛓️💥 Perhaps it’s a good time to reflect on our way of running a team : Do we focus on empathy, treating each person in our organisation with empathy, in the process helping everyone break out of the vicious downward cycle into one that is primed for growth? Or so we know no better, and continue to be burdened by the former?

Quite right... When you dedicate yourself to it, it will increase your value. But people often underestimate such a job. Cleaning job requires precision, and it's not something that everyone can do. One big lesson here is that every job has its own difficulty and specialty. If you know how to do it and experience it, then you will feel what it feels like to be like them. #cleaning #job #awareness

This is how you do sponsored content. Something that is relevant to the uniqueness of the sponsors, but also provides emotional impact. Thank you The Woke Salaryman and Xero to bring attention to talent retainment. What happened in this comic is exactly what is happening in Indonesia, heck, not even in the blue collar world, even some in the white collar world considers that talents are easily replaceable. Rigid KPI that glossed over the emotional and at home parameters, being run through by HR teams that are deathly afraid being blamed for the company's performance. I'm lucky enough to be in an upper management position that allows leadership of a team. It's not easy to manage people, especially those who are born 2 generation after, but we work it out, and yes it took some but at the end it works well. Couldn't say the same to team leaders who use the revolving door method to find that perfect team but could never find the perfect combination. People are not robots, give them care and they will give it back in kind. In the situation that they didn't turn it back in kind, know that you are a better human being.

Among numerous horrible stories we've heard lately (bombings, corruption, mass layoffs, etc.), for me it's heart-warming to see that someone out there is doing great and positively impacting society. This is one of those stories. I often think that one reason why some companies are struggling to generate profit - and thus having mass layoffs - is because they can't increase their business VALUE. Value here is defined as something that your customer actually wants from your business. This company perfectly knows its value: providing cleaning service to its customer. They realized that by providing more value (i.e. more professional cleaning service), customers are willing to pay more and thus be free from the vicious cycle. Sometimes, companies invest heavily on something that doesn't add any value. Imagine if the company invests on a more sleek & pretty app animations instead of training the workers. It doesn't allow them to increase their price and results in exploiting workers to get profit - thus falls into the vicious cycle.

Blown away. We only launched The Stack Exchange, our discussion forum from CFO Techstack, this morning. We're already at nearly 100 members. So much knowledge and insight already being shared The Stack Exchange is the perfect place for finance leaders to learn from peers, share insights and ultimately, optimise your finance techstack. Examples of the questions we've already had - where the question askers have all received invaluable responses: 💡Anyone working with multi-currency consolidation and suggest the best system they are using with Xero to do consolidated accounts? 💡"Does anyone have experience using tax compliance software? We’re looking for a solution to automate and manage sales tax compliance, especially one that’s suited for B2B SaaS transactions. There seem to be several options focused on U.S. sales tax, but finding support for VAT compliance across the rest of the world is proving to be a challenge. Any advice on providers or strategies for handling this? Would love to hear any insights from those who’ve navigated this - thanks!" 💡"Does anyone have to manage project budgets that cross over financial years? What systems can be used to integrate with Xero to report actuals v budget over a project lifecycle rather than by financial year? Any insight would be greatly appreciated" For anyone interested in being part of The Stack Exchange, the link to join is in the comments #cfotechstack #community

this is motivating! how deeper issues are recognised, impactful focus and empathy on people, effective tech to tackle parts of the process