The weekly newsletter for forward-thinking finance leaders, especially those who leverage Xero and its ecosystem. ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­    ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­  
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Your weekly go-to guide to transform your finance function into a strategic powerhouse.

Welcome CFO Techstack Community 👋,

 

Last week, as part of The Word is Spreading series, we shifted our focus to the role that advisors can play in spreading the word, by helping shape how finance teams' systems are designed and scaled as complexity grows.

 

This week, we discuss what happened last week in the first half of CFO Techstack's State of the Stack Roadshow (NZ), in Christchurch, Wellington and Auckland. It's clear: New Zealand got the memo!

FEATURED ARTICLE

The Word is Spreading: New Zealand Gets the Memo

 

Last week, CFO Techstack took our State of the Stack Roadshow across New Zealand.

 

Three cities. Three packed rooms. Hundreds of conversations.

One clear message: the shift away from traditional ERP is no longer theoretical, it’s happening now, and the word is spreading.

 

From Christchurch to Wellington to Auckland, we saw finance leaders, advisors, operators and ecosystem partners come together to discuss a topic that’s rapidly becoming one of the defining conversations in modern finance:

Can high-growth businesses scale on Xero + apps instead of ERP?

Increasingly, the answer is: yes.

 

The Roadshow, built off the back of our inaugural State of the Stack 2026 report, brought together finance leaders who are already scaling on modern stacks, alongside firms that are actively exploring alternatives to heavyweight ERP implementations.

 

Modern finance teams are no longer asking “Is Xero viable?”

They’re asking: “How can I build the right stack around it?”

 

Christchurch: “I need to speak to 6 ERP clients”

 

The Christchurch session at Sudima Airport set the tone immediately.

 

One standout discussion came from Anna Riley, Director at Oxford Edge — a business intelligence, accounting and advisory firm. Anna spoke excitedly about six of her existing clients who are currently operating on ageing ERPs. She now sees that a move to Xero would be beneficial for them all with the right stack around it!

 

That theme came up repeatedly throughout the week: genuine curiosity around whether modern finance stacks built around Xero offer a better path than the traditional ERP overhaul.

 

Faster implementation. Lower cost. Better usability. More flexibility.

 

The conversations are changing, and importantly, so is the confidence level among advisors.

 

Wellington: The ecosystem conversation is accelerating

 

The Wellington roadshow, hosted inside Xero’s offices, highlighted another major trend: the accounting and advisory ecosystem is leaning in hard.

 

Representatives from Deloitte, PKF and other advisory groups engaged heavily in the discussion around how to better support clients scaling on Xero, rather than defaulting toward ERP migrations.

 

The appetite for further enablement was strong: more workshops, more sessions, more examples, more operator stories.

 

Because one of the biggest themes from the State of the Stack 2026 report was that finance leaders need precedent - they need to see businesses like theirs already doing it successfully.

 

That's why advisors were excited to learn more about the broader CFO Techstack community, including this Newsletter, the Stack Exchange and the App Map.

 

We also heard some great examples of real-life complex businesses scaling with Xero. For example, Leanne Edmonds at Projectworks is running a Deloitte Fast 50 business in Projectworks, with no reason to leave Xero for the foreseeable future!

 

Auckland: the conversation has moved beyond “Can Xero scale?”

 

By the time the roadshow reached Auckland, conversations had evolved even further.

 

Engagement throughout the session was exceptional, with constant questions from the audience, strong participation throughout discussions, and a clear desire from attendees to continue learning more about modern finance stack architecture.

 

And, again, the discussion wasn’t purely about software; it was about operational design.

 

We moved beyond "Can Xero scale", and on to: how can finance teams architect the right tech stacks to preserve flexibility while scaling cleanly across multiple countries, approvals, reporting layers and month-end processes?

 

The community is getting stronger

 

One of the clearest signals from the New Zealand Roadshows was just how seriously larger and more complex businesses are now evaluating modern finance stacks.

 

A CFO from a 200-entity property group was in the room at one of the shows, actively considering whether, and how, Xero could work for part or all of their business.

 

Meanwhile, conversations with Michael Dall, Managing Partner at Bloom International & Principal at Covisory, reinforced how strong the momentum is becoming internationally, now across Singapore and broader APAC markets.

 

Local engagement around Xero ecosystems is accelerating rapidly among multinational businesses.

 

That aligns closely with what CFO Techstack has been hearing globally.

 

The key takeaway

 

Perhaps the biggest takeaway from New Zealand was the quality of the conversations happening between finance leaders themselves.

 

Operators openly sharing trade-offs, advisors discussing implementation realities honestly, and teams talking transparently about costs, failures, workflows, and scaling challenges.

 

That openness is what makes the ecosystem work, and it’s why the CFO Techstack community continues to grow.

 

Finance transformation isn’t just about technology; it’s about confidence - that modern alternatives are viable, that others have already solved similar problems, that finance teams can scale without automatically defaulting toward traditional ERP.

 

Last week in New Zealand, that confidence was everywhere.

 

And if the conversations across Christchurch, Wellington, and Auckland are anything to go by… the word is spreading, fast.

 

And, the Roadshow continues next week!

Australia (Sydney, Melbourne, Adelaide, Perth) – 19th May - 10th June

Register for free here

COMMUNITY INSIGHTS

🎤 How I stacked it

Glenn Gittins, Managing Director at Virgate, shares his tech stack.

Virgate is a specialist outsourced bookkeeping, accounting and reporting business founded in 2016. The team of 50-75 supports 150+ client groups across the UK, spanning hospitality and retail to property, professional services, manufacturing, health and fitness, and beyond.

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Managing Director Glenn Gittins' day-to-day consists of client-facing finance work (he also serves as a part-time Finance Director for one of their hospitality clients), and running the business itself. That means everything from overseeing delivery teams and driving systems and automation improvements, through to new business development and making sure tech stacks deliver for clients.

Here's what Glenn and his team are using:

  1. ApprovalMax for Financial Controls: ApprovalMax is a fantastic and critical product for any accounting function - whether in-house or outsourced. It delivers full flexibility across any accounts payable process, provides proper accountability to the right stakeholders, and gives everyone the audit trail and controls they need. We couldn't operate without it.

  2. Mayday for Month End: Mayday is a non-negotiable for multi-entity groups where mass recharges occur and there is a heavy reliance on intercompany reconciliations. It brings order and control to what can otherwise be one of the most time-consuming and error-prone areas of a group accounting function.

  3. dataSights for Reporting: dataSights is a useful reporting and analytics layer on top of Xero. Imperative to bridging data from Xero - and other data sources - into Power BI, where we produce customisable reporting delivered to our clients via interactive portal access.
  4. Datamolino for OCR: Datamolino is a reliable document capture and data extraction tool. It does what it says on the tin and handles volume well.

  5. Pleo for Spend Management: Pleo is one of the slicker expense management tools on the market. The card and receipt capture experience is genuinely user-friendly, and the Xero sync works well.

  6. Telleroo for Payments: Telleroo is a real time-saver for batch payment runs. The ability to batch and approve supplier payments directly, with a clean audit trail, is something our clients quickly wonder how they lived without.

  7. BrightPay for Payroll: BrightPay is our go-to payroll software. Incredibly comprehensive and the Xero and auto-enrolment integrations are mature and reliable. The interface takes a little getting used to but once you're in it, it's very capable.

  8. Unleashed & Growyze for Inventory Management: Unleashed is a solid inventory and production management platform. Works well for product-based businesses where you need more control and visibility over stock than Xero alone provides. Growyze is strong for stock management and COGS reconciliation, particularly in our hospitality clients. The Xero integration is solid and it saves a meaningful amount of time versus manual stock reconciliation processes.  

  9. A2X for eCommerce: A2X is a must-have for any e-commerce client reconciling Shopify, Amazon or similar. It takes what would otherwise be a time-consuming and error-prone reconciliation process and makes it clean and consistent.  

Keen to share how you stack it? Email: emily.lockyer@getmayday.com

    UPCOMING EVENTS

    🚗 State of the Stack Roadshow 🚗

    19th May – 10th June | Australia

     

    Off the back of CFO Techstack’s inaugural State of the Stack 2026 report, headline sponsored by Xero, we’re taking the insights on the road, offering:

    • Honest stories from finance leaders on how they’ve built their stack and what it really costs
    • Practical guidance from implementation experts on how to design and optimise your own stack
    • Hands-on demos from the “Survival Toolkit”: Mayday, Syft, and ApprovalMax - see what great looks like in action

    Roadshow dates:

    19th May – Sydney – Register here

    20th May – Melbourne – Register here

    21st May – Adelaide – Register here

    10th June – Perth – Register here

    THE STACK EXCHANGE

    🧵 This week's top threads, from The Stack Exchange

     
    The Stack Exchange is a Slack forum for connecting with peers, sharing insights, and staying updated on apps and industry events, helping you transform your finance function into a strategic powerhouse.
     
    Here are this week's top 3 discussions from The Stack Exchange:
    1. Allocating by department when consolidating
    2. Easy, automated way to have a live order book
    3. Setting up local accounts to take customer payments
    Keen to join? Sign up here >

    NEW IN THE WORLD OF CFO SOFTWARE

    🗞️ News from the stack-o-sphere

    • Mayday announces £3m / AU$6m Seed Round. Learn more.
    • Modulr releases new Spend Management functionality. Learn more.
    • Trolley launches instant payout methods. Learn more.

    WHAT THE DATA SAYS

    📊 Stat of the week

     

    "Business optimism among finance leaders fell to a net -57%, down from -13% in just one quarter."

     

    Research by Deloitte

    MORE OF THE GOOD STUFF

    And lastly, our top picks!

     

    🎧 Podcast: "How CFOs Scale to $100m+ Without Leaving Xero." The GrowCFO Show.

    📝 Article: "How CFOs can be the drivers of business modernisation in 2026." Sacha Hermann, Soldo.

    😆 Joke: CFOs don’t panic, they just “reforecast aggressively.”

     

    Why not forward this newsletter to someone you think would enjoy it?

     

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