The three-year global agreement will see BDO firms in Australia, New Zealand, the UK and Canada among the first to use Xero as the preferential accounting software for its SME clients, with other BDO firms to join in due course.
BDO Australia national leader for business service Matthew Laming said the partnership comes after the COVID-19 pandemic had highlighted the importance of cloud accounting and access to accurate, real-time data.
“While many of our clients were on the Xero journey prior to the pandemic, this agreement will allow us to further leverage the platform to give business owners access to real-time and accurate financial insights so they can focus on the main task at hand: growing their business,” Mr Laming said.
Likewise, BDO’s global head of business services and outsourcing, Albert Lopez, said the partnership would help the firm develop a “consistent and truly global approach” for its small business clients.
“We know that access to reliable data, and the insights that data can provide, is critical to our clients’ success in the new reality,” Mr Lopez said.
“Working with Xero will help BDO lead that agenda, adding real value to businesses by helping them both understand and apply their data, to build resilience and plan for future success.”
The agreement will see the mid-tier firm awarded Xero Global Partner status — a new recognition of global partnerships of this nature.
The announcement comes after mid-tier firm RSM made a decision to move its tax and compliance work onto the Xero platform in late 2019.
“We’re thrilled to forge this partnership with BDO on a global level and share a common passion to enable more businesses worldwide to be successful,” said Rachael Powell, chief customer officer at Xero.
“This major global partnership underscores Xero’s growing presence in the enterprise space — to drive far greater consistency in our service offering to big firms across the globe.”
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Jotham Lian is the 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.