More than 100 small businesses and advisers packed out the New Zealand High Commission Penthouse in London last week for Business in the Clouds, showcasing some of New Zealand’s retail technology superstars.
Volcano Coffee Works, based in London and born and bred in New Zealand, helped demonstrate a day in the life of a retailer using some of the best technology exports New Zealand has to offer.
Daniel Taylor, New Zealand Trade Commissioner – UK & Ireland, says the UK market is attractive for New Zealand tech companies such as Xero, because it’s proven itself as an early adopter of innovative technology.
“We’re seeing sectors that have traditionally not adopted technology really buying into it now because of the need for productivity and efficiency – two areas where New Zealand has real strength.
“The growth’s been really significant. The sector as a whole has grown 14 per cent compounded annually for the last six years, which is massive. It’s now New Zealand’s third largest export. The UK’s a really important part of that and we see it growing significantly over the next few years,” Taylor adds.
The Business in the Clouds event took the audience through the retail journey: bank reconciliations with Xero; serving customers using Vend’s online point-of-sale and Payment Express; and selling the wares of the coffee roastery online through a Rocketspark website with a built-in e-commerce platform. And at the end of the day we saw the day’s sales flow into Xero and using Spotlight Reporting we checked how the business is tracking alongside key measures.
Gary Turner, Xero UK managing director added: “London is really exciting, because it’s right at the centre of the financial and capital markets globally. And that has meant that we’ve seen a huge explosion in technology innovation. [It’s] now also the capital for fintech innovation globally.”