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This CRM Review examines Xero
In-Depth CRM Review
|1/6 Elizabeth Street, Hawthorn|
Melbourne VIC 3122 Australia
|CRM Taxonomy:||Cloud CRM|
About the Company:
Xero connects you to all things business.
Born in the cloud, Xero is a beautiful, easy-to-use platform for small businesses and their advisors around the world. Xero provides its 2+ million subscribers with connections to a thriving ecosystem of 800+ third-party apps and 200+ connections to banks and financial service providers.
On the inaugural 2018 Financial Times FT1000 High-Growth Companies Asia Pacific list, Xero was the fastest growing tech company in the $200 million+ segment. Xero won ‘Accountancy Software Provider of the Year’ at the British Business Awards in 2019, and
Changing the game
Xero is the emerging global leader of online accounting software that connects small businesses to their advisors and other services. Xero provides business owners with real-time visibility of their financial position and performance in a way that’s simple, smart and secure.
For accountants, Xero forges a trusted relationship with clients through online collaboration and gives accountants the opportunity to extend their services.
Countries using Xero
Ranked by Forbes
World’s Most Innovative Growth Companies 2014 and 2015
Underpinning the growth and profit of all small businesses is effective financial planning and accounting.
Xero is based on the principle that small businesses are highly sensitive to shifts in their balance sheet and cash flow. Their ability to monitor financial performance in real-time and plan ahead is crucial. Small businesses make up more than 90% of all businesses by number across OECD countries, so their success or otherwise has a direct effect on the greater economy.
At its core Xero is an easy-to-use but powerful online accounting system that was born in the cloud. Xero provides a growing family of connected solutions:
- client accounting for small business available anywhere, anytime, and on mobile devices
- accountant tools for management reporting and final accounts production
Software as a service
Xero’s software-as-a-service business model, where software is hosted securely on the internet, allows Xero to address the large and fragmented small business market. Xero releases new features monthly. Additions and extensions to functionality are developed in response to the needs of new customers and new industries.
The size of the small business market is second only to that of individual consumers. Typically the consumer internet has reverted to non-direct, usually advertising-based, revenue models. In contrast, we believe the small business market provides the greatest opportunity for monetisation on the internet and Xero is proving itself to be a leading innovator in this market.
Xero software is developed using Microsoft’s .NET development environment over resilient SQL server databases, on a Windows application server infrastructure. Our production servers are primarily hosted by AWS which monitors our servers and firewalls 24/7/365 at guarded facilities.
Founded in 2006, Xero listed on the New Zealand Stock Exchange in June 2007 and the Australian Securities Exchange in November 2012. In 2018 Xero consolidated its listing on the ASX and was included in the S&P/ASX 100 index. Xero is used in over 180 countries by 2M paying subscribers and integrates with 800+ add-on apps.
About the Product:
Build your business on Xero
Xero’s secure online accounting software lets you work from anywhere, share with your employees and collaborate with your advisors. Just add apps to create a complete solution for your business.Xero overview PlayMuteCurrent Time 0:00/Duration 1:16Loaded: 39.52% CaptionsFullscreen
Keep accurate records
Quickly categorize your bank transactions as they flow in to Xero each day so you can track cash flow and have everything ready at tax time.
Keep watch on business health
See the money coming in and going out on a daily basis wherever you are, with easy-to-read charts showing up-to-date figures.
Get paid faster
Reduce the time to get paid with online invoices that include a pay now button; and let Xero chase outstanding payments with automated reminders.
Features to run every part of your business
Keep your cash flow healthy by sending online invoices with online payment options.
Connect to your bank so transactions flow automatically into Xero each business day.
Protect your precious business information with extra layers of security in Xero.
Track the time and money you’re spending on jobs, and where you can be more profitable.
Track inventory, manage stock and easily add items into invoices and orders.
Keep track of the money in and out with daily updates and simple bank reconciliation.
Pay the bills on time, reduce office admin and improve your cash flow.
Capture expenses, invoice and reconcile while you’re on the move.
Payroll with Gusto
Run unlimited payroll across all 50 states and automate filings.
See how cash is tracking with a quick glance at your customizable Xero dashboard.
Easily record, claim, and manage expenses and receipts online.
Streamline your sales process with professional online quotes.
Simplify your purchasing process and easily keep track of orders.
Business performance dashboard
Get the full up-to-date picture of how your business is performing.
Discover a way to better manage your business’s fixed assets.
Tailor smart financial reports and budgets to understand and track what matters most.
Automatically track gains and losses across multiple currencies.
Contacts and smart lists
Get a complete snapshot of your contacts and relationship history.
Search and find what you need from wherever you are in Xero.
Get paid sooner by accepting payments from online payment services like PayPal and Stripe.
Store your files and transactions in one place online for easy access from anywhere.
Make life easy for your small business with sales tax in Xero.
For complete pricing details, please contact the company directly. See:
For a proper demo of this CRM solution:
For a proper demo of this CRM solution, please contact the company directly.
Rich’s View of Xero:
From what I have seen of QuickBooks, I like it just fine. However, I do not review accounting programs – there are other folks that do that!
I include QuickBooks here so that I can more easily guide you to the CRM solutions that integrate tightly with the app.
Go ahead, get a second opinion!
I have never claimed to be the only source of CRM software reviews. If you would like an alternative view of this CRM solution, here are some links that you can visit. However, if you are looking for totally independent, no BS! CRM reviews, I will look forward to working with you when you get back to my site!
If you are considering this program, you should also look at these other CRM solutions:
Rich’s Recommended Websites:
Still have questions about Xero? Just leave a comment below!