Mayday today announces the launch of Recharger, its new cloud software that automates intercompany recharges. Available globally, they’re alleviating the burden that comes with manual month end admin.

Mayday is Co-founded by David Tuck, former Founder and CEO of multi-award-winning Chaser. Mayday is his second startup in the accounting tech space.

The benefits of Mayday Recharger for the finance teams of businesses with connected entities include:

• Save time by running recharges in minutes
• Accurate recharges become fool-proof
• Easily run recharges monthly for always up-to-date management information

“Mayday Recharger is doing for intercompany recharges what the cloud accounting systems did for filing your VAT return and reconciling your bank statement. Once you’ve used it, you can’t live without it!” – David Tuck, Founder and CEO “I’ve always aspired to run my recharges monthly and now we actually can!” adds David McKay, CFO and COO at one.network.

Following a successful period of beta testing, Mayday Recharger is available worldwide from 20th April, starting at £30 per month for businesses with two connected entities. For more information on Mayday Recharger, visit https://www.getmayday.com/, or find them listed on the Xero App Marketplace.