Xero signs on 100 Australian financial institutions and bolsters team
Xero, the global leader in cloud accounting software, today announced it has recently signed agreements with 100 Australian financial institutions for direct bank relationships, a major milestone in opening up banking, lending, and growth opportunities to Australian small businesses.
Xero’s growing Financial Web now includes the ability to connect to 95 per cent of all transaction accounts that our small business customers access every day, making it easier than ever for Australian small businesses and their advisors to connect their accounting dashboard directly to almost any bank or financial services provider in the country. That includes everything from a Big 4 Bank to a regional credit union, helping small businesses gain access to their financial data and make better business decisions.
“Today’s announcement is an important milestone. Our close partnerships with the banks are helping us tackle some of their biggest pain points for small business — lack of financial transparency, managing cash flow and getting better access to lending. Through direct bank feeds, providing more payment options and opening up lending through two-way data sharing — Xero and our partners are creating growth opportunities for small businesses across Australia,” said Trent Innes, Managing Director of Xero Australia.
New appointments deepen experience in Financial Web team
Ben Styles, formerly Head of Financial Web at Xero, is one of a number of appointments and promotions made in Australia and globally at Xero to support the company’s fast-paced growth. In his new role as General Manager Financial Web APAC, Ben will drive the strategy for growing Xero’s financial web in Australia and across the region.
A new addition to the Australian team also includes Ian Boyd. Working for Visa for eight years as Head of Commercial Solutions, Boyd has now joined Xero as the Head of Financial Web in Australia.
Xero recently accelerated past half a million subscribers in Australia, doubling its local customer base the last two years. Globally, it has more than one million subscribers, and the company recently posted full-year financial results that showed it achieved operating cash flow break-even in the second half of the financial year ending March 31.
Xero wins Australia’s best accounting software for third straight year
For the third year running, Xero was awarded by respected consumer ratings agency Canstar in the Most Satisfied Small Business Customers — Accounting Software category. The award reviews customer satisfaction levels of major accounting softwares on ease of use, value for money, reporting, ease of integration, customer service, functionality and overall customer satisfaction in 2017.
“Being awarded the most highly-rated accounting platform for small business customer satisfaction by Canstar, yet again, is an incredible achievement. This is the result of hard work done by the entire Xero team, and the new appointments announced today will continue to support this,” Innes said.
