New Xero boss Steve Vamos has announced a suite of updates and initiatives, including partnerships with several tertiary providers across Australasia, as it looks to broaden its market share.
Xero unveils Australasia initiatives for FY19
Accounting software provider Xero have officially launched Xero Learn, a program in partnership with Swinburne University of Technology, University of Southern Queensland, Auckland University of Technology, Macquarie University and AccountingPod, that gives their students access to the software through tertiary courses.
Speaking at Xero’s annual conference, chief executive Steve Vamos announced the official launch of Xero Learn, after the initiative was first piloted in 2017, with 1,000 students now on board with the program.
The new education platform will enable partnered tertiary providers and their students access to Xero software as part of their curriculum.
“Xero Learn is about creating a hands-on learning experience in tertiary institutions to create quality job-ready candidates for your firms,” said Mr Vamos.
Further, Mr Vamos announced the introduction of open APIs around banking, while stressing his commitment to investing in innovation.
“Bank feeds are incredibly popular and are a critical feature of our platform. We are introducing a new global API that will allow any fintech, or other financial institution to sync their bank feeds directly to the Xero platform because this is about accelerating connections on our platform,” said Mr Vamos.
“Investing in innovation is fundamental, as is partnering and as is occasionally pursuing acquisitions as they make sense. We want to stay ahead and we’re very committed to innovation.”
This comes after Xero recently acquired document management software provider Hubdoc last month, with Mr Vamos hinting of further acquisitions down the road.
“I’m really committed to extending our partnership into the app ecosystem that we have. We will also, from time to time, acquire businesses, such as the acquisition of Hubdoc,” he added.
Xero have also announced that accountants and bookkeepers will now be able to lodge business activity statements (BAS) directly from the software to the ATO, after the successful integration of tax returns on Xero.
“You can now do this from any device to cut down the time and the hassle that you have to do compliance reporting. This feature brings all the BAS reporting into Xero so that you can initiate and do all the work there. This increases data accuracy, efficiency and removes the chance of error,” said Xero vice president of product and alliances, Herman Man.
Xero users can also expect a new customer invoices-based on machine learning, an expansion of emails-to-bills, and an update that will see a running balance of the accounts transaction.