Announced at Xerocon 2019, BP is the latest partner to sign on to Xero Connect, an e-invoicing solution that helps small businesses feed their fuel invoices automatically into their Xero account.
The announcement follows existing partnerships with Caltex and Reece.
According to the accounting software provider, Xero Connect will integrate with the BP Plus Fuel Card in Australia and the BP Fuelcard in New Zealand.
The new partnership means a small business’s monthly BP invoice will flow automatically into the Xero platform as a draft bill awaiting the business owner’s approval.
When the invoice is paid, payment will appear in Xero and is matched to the bill for bank reconciliation.
“BP integrating with Xero Connect enables small business customers to streamline bill payments, taking away the pain of daily admin to give small businesses back something they don’t have enough of: time. We also know that a key pain point for small businesses is the need for real-time financial transparency,” said Jared Baker, platform growth director, Xero.
BP Australia general manager of business partnerships Michael Hart said the new partnership would eliminate manual data entry and increase the accuracy of invoicing and bill payments for their customers.
“As a result of this partnership, our customers will soon be able to feed their BP Plus fuel invoices automatically into their Xero account,” Mr Hart said.
“Ultimately, helping customers to save time on administration so they can instead focus on their business priorities. It’s another way BP is providing further value to its fuel card customers.”
Jotham Lian is the news editor of Accountants Daily, the leading source of breaking news, analysis and insight for Australian accounting professionals.
Before joining the team in 2017, Jotham wrote for a range of national mastheads including the Sydney Morning Herald, and Channel NewsAsia.