The platinum alliance is the first of its kind for Xero outside the firm's four main markets of Australia, New Zealand, the United Kingdom and the United States.
Johnny MacAvoy, Xero's sales director for global, said the partnership demonstrates Xero’s increasingly global reach as the firm continues to grow and expand throughout the world.
“Today’s announcement of KPMG as our first platinum partner outside our four major markets really demonstrates Xero’s global reach and our role as a global cloud provider servicing small businesses all over the world," he said.
Xero managing director for New Zealand and global, Victoria Crone, said it is particularly exciting that a leading firm such as KPMG has selected Xero as a technology platform partner for its online services.
“This partnership is Xero’s third with KPMG globally and firmly aligns with our vision to make it easier for small businesses to meet their compliance requirements and ultimately run things more smoothly," Ms Crone said.
"We believe that Xero is an effective platform for KPMG to access business data and reduce compliance costs.”
KPMG's deputy managing partner in Singapore and head of enterprise market segment, Owi Kek Hean, said the firm is delighted to see this partnership inked with Xero as it will allow the firm to better serve its small enterprise clients.
“It will allow us to offer professional services aligned closer to the unique needs of local enterprise and startups, while making enhanced reporting and other value-added services available should they need it,” he said.
“Cloud accounting is fast becoming an important platform for both accounting firms and small businesses. They do not only result in cost savings, but they can help organisations increase workforce flexibility, improve customer service and enhance data analytics.”
Singapore enterprises can use select Xero online accounting and tax services.