Everyone has heard of Sage. Very few have heard of Xero. For over 25 years Sage has dominated the UK SME Accounting Software marketplace, but now no longer. Xero is rapidly knocking them off their perch.
Xero was founded in 2006 in Wellington, New Zealand. It launched in the UK in 2012 and at 31 Mar 15 had 83,000 UK customers (Worldwide 475,000) a 77% increase over the corresponding figures for 31 Mar 14.
Realising the massive benefits provided by Xero in terms of functionality, efficiency and potential cost savings, FD Outsourcing became a Xero certified partner in 2014.
Xero is a cloud based accounting system that has been built specifically for the web from the ground up. Unlike legacy systems such as Sage and Quickbooks, they have been able to design their system to maximise the benefit of current software and hardware technology, unencumbered by the past. They have now established over 300 development partners producing add-ons that integrate seamlessly with Xero and enhance its functionality. Combine the amounts being invested by the Xero in their core system with the amounts being invested by their development partners and you get a truly staggering figure. Enhancements and upgrades are being released and announced on a weekly basis. We have no doubt that in the years to come, Xero will emerge as the world’s leading accounting software for SME’s.
Just three of the benefits which convinced us to invest in Xero were:
- Imagine being able to download your bank statements directly from your bank, into your accounting software, which then processes all routine transactions automatically for you. Xero does it.
- Imagine being able to link a pdf to each transaction. No need to summarise an invoice in 30 characters. No need to go to the cupboard to find the actual invoice. Just one click and you can see the invoice straight away, no matter where you are in the world. That is reality in Xero.
- Imagine the cash flow benefit of being able to email your customers with their invoice and them being able to click on a button and pay you directly straightaway. That’s possible with Xero.
If you don’t believe us or would like to see more, take a look at this short video:
If you want to see the level of interest and investment in the product:
Let us show you what Xero can do for YOUR business. Contact us now.