Are You Concerned With AI Development and Adoption?

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Xero’s Future Focus AI research “surveyed over 3,000 small business owners from Australia, Canada, New Zealand, Singapore, the United Kingdom and the United States on what they are thinking, feeling and doing about AI.”

The research has revealed that 80% of global small business owners are concerned AI development and adoption is “outpacing regulation, as generative AI tools permeate various industries and the workforce.”

Read the entire article here. 

Small Businesses Run the World

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Xero CEO Sukhinder Singh Cassidy says, “We believe small businesses run the world and as champions of small business, Xero is providing an opportunity for customers to apply for funding to take their next step. Whether that be to support a passion to become a more sustainable business, up skill employees, philanthropic work in the community, or integrating the latest AI into their business, the fund is here to help small businesses meet their dreams.”

Coinciding with Xero Day 2023 – the day of Xero’s founding 17 years ago – Xero, the global small business platform, recently announced a new global small business fund with more than NZ $750,000 (approximately US $460,000) in funding, to support the future aspirations of small businesses globally.

Learn more about Xero launching a beautiful business fund for small businesses.  Starts in Sydney, Australia August 23, 2023.  Win a better future for your global small business.

Getting Paid Quickly Matters to Global Small Businesses

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Global financial infrastructure platform Stripe and global small business platform Xero recently announced the expansion of their partnership to help small businesses worldwide get paid faster. 

Stripe and Xero are working together to build a far deeper integration of Stripe Connect into Xero’s small business platform that will enable greater convenience for customers and automate accounting for transactions.

Getting paid quickly matters.

Are U.S. Global Small Businesses Slowest to Adopt Better Technology?

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According to Xero, simple changes in habits and process could prove more effective than costly educational campaigns in helping small businesses take advantage of digital technology’s benefits.

The One step study surveyed more than 4,200 small business owners in six countries (Australia, New Zealand, the UK, the US, Canada, and Singapore). Carried out in partnership with behavioural science consultancy, Decision Design, the report found that small businesses which readily adopt new technology enjoy on average 120 percent higher revenue. 

Read on to discover the true risks and rewards of technology adoption, allowing small business leaders to overcome confusion and uncertainty to make more rational decisions about the different options they may face.

Setting Your Sight on a Sustainable Future

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According to Xero, building a fast-growing but sustainable business means consciously managing our environmental impact, helping to build thriving communities, and cultivating an engaged workforce.

That’s why Xero introduced an environmental sustainability program called Net Zero @ Xero and since 2019 has been committed to carbon neutrality, offsetting 100% of their global organization’s scope 1, 2 and 3 greenhouse gas emissions across owned and operated businesses in Australia and internationally, including New Zealand, the United States, Canada, South Africa, the United Kingdom and Asia.

Learn more how a global small business platform has its sight set on a sustainable future.

Rewiring the Global Small Business Economy

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By giving businesses and their advisors a way to grow their business through connected accounting and business tools, Xero is soaring.

Herman Man, Vice President of Product and Partnerships at Xero, said: “Xero has long had a vision to rewire the global small business economy by giving small businesses and their advisors access to a powerful, global platform. 

Learn more about Xero's new features to small business accounting, which help accountants and bookkeepers assist their clients by asking the big questions, on cash flow, profit and revenue.

SME Accounting Goes Global

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Accounting software company Xero recently surpassed one million subscribers worldwide on its global cloud accounting platform.

The company has doubled subscriber numbers in less than two years and has quickly grown to become a global accounting platform leader, adding nearly 300,000 subscribers in the last year alone. 

What's the future hold for Xero?  Artificial Intelligence (AI) is the next wave of innovation not just for accounting, but for all aspects of running a business.

In the last 12 months, Xero has processed more than $1.2 trillion of global economic activity, giving it a unique and high-value dataset to drive insights and machine learning. Xero’s machine learning system can now code invoices for small businesses, categorize expenses and recommend accounting practices to a potential client, automating the busy work of accounting, freeing advisors up to focus on providing clients with expert advice. 

Xero seems to be reinventing and changing the way small businesses work in a digitally connected world.  Read more here.

Tools You Can Use to Manage Your Global Small Business

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Xero, a cloud accounting software provider, has established several new strategic partnerships, including with Dropbox, Adobe, Bigcommerce and Insightly, as it looks to offer improved business insights and simplify collaboration for small businesses and their accounting partners.

The intent is to give small businesses more choices than ever before about the tools they can use to manage all aspects of their business.

Read more:  Xero enhances market position with new global partnerships

Watch for Disruption in the Global Accounting Software Space

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Who hasn't heard of American software company Intuit?  They've been around since 1983 doing a great job providing easy and convenient accounting solutions to businesses of all sizes.  Now comes the disruptive part and enough that Intuit better not ignore.  It's clear that Intuit CEO Brad Smith is already on it with his recent article "Intuit's CEO on Building a Design-Driven Company," in the January/February 2015 - Harvard Business Review.

Now there's New Zealand-based software company Xero that develops 'beautiful' cloud-based accounting software for small and medium-sized businesses. The company has offices in New Zealand, Australia, the United Kingdom and the United States.

And there's accounting software company The Sage Group who just recently announced a global agreement with Salesforce.com that goes like this:

Sage has agreed to start using the Salesforce Customer Success Platform. Implementing the cloud based CRM system shows that Sage want to get close to Salesforce and get some kind of symbiotic partnership with the cloud giant. - Source:  The Sage Group Plc announces global agreement with Salesforce

Watch all these companies for future global competitive activity.  Bring it on as they say for each wants to play in every country!

Guess Who Has More Than 400,000 Global Customers?

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Gosh that could be any company with almost a half a million customers but in this instance it's software developer Xero (not Xerox) that says it has more than 400,000 customers globally and is "back on track" in its key US market where it wants to take market share of an estimated 29 million small to medium sized business owners.

In 2014, Xero processed more than $250 billion worth of transactions, 95 million invoices and now holds more than a half a petabyte of data collected which covers business performance and gives insight into small business economics and trends, the Wellington-based company said in a statement.

Learn more:  Xero reaches 400,000 global customers