Xero has joined forces with accounting practice management platform, Karbon, to help accounting firms boost their productivity.
According to both platforms, the partnership was set to directly address the critical shifts facing modern accounting firms, including increased complexity, a growing demand for higher-value client advisory services, and the imperative to leverage automation for efficiency.
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Xero and Karbon said the aim of the integration was to address these challenges and would combine the two platforms to “provide a connected solution that streamlines operations and allows firms to focus on higher-value client work”.
Ben Richmond, Xero managing director of Americas, said the new integration between Karbon and Xero would be a significant benefit to customers.
“It will help them work faster and much more efficiently, freeing them up to spend more time working directly with their clients, which is what modern accounting is all about,” he said.
“We’re partnering with Karbon because they care about customers as much as we do, and together, we’re empowering accountants and bookkeepers to digitise their practices and deliver great advisory services to help their small business clients even more.”
Key benefits noted by Xero and Karbon included simplified workflows, time back for strategic work, a modern and cohesive solution and enabled seamless data synchronisation.
Xero and Karbon said the combination of the financial software with practice management tools would create a “powerful synergy”.
“Xero’s rich financial data, when combined with Karbon’s robust practice management capabilities, provides accounting firms with an efficient, integrated solution,” the two platforms said.
“This enhanced ecosystem equips accounting firms to excel in an increasingly competitive market. Looking ahead, this partnership is committed to continuous innovation, simplifying and enhancing accounting firm operations and providing best-in-class solutions for modern accounting professionals.”
Mary Delaney, chief executive of Karbon, said practice management solutions had become essential as accounting firms looked to scale and manage complex workflows.
“Our joint customers consistently tell us that Karbon and Xero are two of the most essential tools in their tech stack, so this deep integration is an exciting leap forward. We’re giving firms an efficient, more powerful foundation to run and grow their firms, and ultimately the clarity and time they need to focus on their clients.”
Imogen Wilson
AUTHOR
Imogen Wilson is a graduate journalist at Accountants Daily and Accounting Times, the leading sources of news, insight, and educational content for professionals in the accounting sector.
Previously, Imogen has worked in broadcast journalism at NOVA 93.7 Perth and Channel 7 Perth. She has multi-platform experience in writing, radio and TV presenting, as well as podcast production.
Imogen is from Western Australia and has a Bachelor of Communications in Journalism from Curtin University, Perth.