The Business Advisory Blog

The Business Advisory Blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents. Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

Vanessa Williams
Published on

‘Human insights’ will drive small business success

The buzz of meeting over 3,000 accounting and bookkeeping Xero partners at 2019's annual Xerocon event in Brisbane is something we’ll never tire of.

It was particularly special this time having had the opportunity to get to know other Xero users, employees and the unbelievable community we’re creating together to serve small businesses around the world.

This year, Xero took the opportunity to build on the story of where they came from and paint a picture of what the future holds for Xero.

Their mission is to make things simple, seamless and smart for small business – this has been at the heart of Xero from the very beginning. And they’ll continue to drive to this goal by innovating, collaborating and adopting tech that will bring greater value to Xero users.

Xero is evolving from a single ledger in the cloud to a platform rich with data, where workflows are seamless and small business insights are delivered with speed and accuracy.

As they do so, they’ll build on the applications, tools and connections that simplify how data is captured and flows into the platform through advanced AI and machine learning capabilities. This will help unearth insights that they’ll put in the hands of Xero users, so we can advise and guide our small business clients.

Revealing new announcements to enhance data quality, workflows and ‘human insights’

Together with bookkeepers, accountants and BAS advisors, Xero is determined to build the most data-rich, insightful and trusted global small business platform anywhere. And that future took a huge leap forward through a number of announcements and product enhancements launched at Xerocon Brisbane.

Anna Curzon, Xero’s Chief Product Officer, revealed the advancements they are making to automate the ingestion of data through their acquisition of Hubdoc – ensuring it becomes faster and more accurate.

She also shared a series of new practice tools to help seamlessly set up and manage client work, alongside a dashboard that simplifies the compliance process and a new short-term cash flow solution that bubbles up insights to help our clients plan for financial highs and lows.

Craig Walker, founding CTO and EGM for Payment Services, was on stage to talk about a significant global partnership with Stripe – ready to improve payment workflows and help businesses get paid quicker.

Nick Houldsworth, EGM Ecosystems, announced Sign in with Xero which allows users to get the most from the Xero ecosystem through secure, seamless access so small businesses and advisors can move seamlessly between Xero and connected apps with one login.

He also announced an upcoming navigation tool that helps recommend the best apps (out of over 800 within the Xero ecosystem) for our clients’ business success.

Harnessing technology to create a deeper understanding of all things human

In an increasingly complex business landscape, small business owners need insights and a trusted advisor to help them keep abreast of the health of their business. So Xero will continue to embed the platform with AI and machine learning technology but will always drive innovation and collaboration through people and partners.

Because if there’s one thing they've discovered, it’s that with every new advancement in technology, the human element is what matters most and that ‘human insights’ is where the value lies.

We had a lot of fun at Xerocon Brisbane 2019, and we’re only just getting started. Read more by Googling #Xerocon2019.

Source: Xero

Topics: artificial intel cloud accounting Innovation technology Xero