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Deloitte offers Xero to clients for small business accounting

Announcement posted by Xero 19 Apr 2013

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MARKET RELEASE

Deloitte offers Xero to clients for small business accounting

19 April 2013

Online accounting software provider Xero Limited (XRO) is pleased to announce that in Australia professional services firm Deloitte, in response to growing client demand for cloud accounting solutions, is now offering its clients the ability to migrate to Xero’s single ledger accounting solution.

Based on current client demand for cloud-based accounting solutions, Deloitte expect that by the end of its financial year approximately 2,000 ledgers will have been migrated to Xero’s platform alone.

For clients wishing to move to the cloud, single ledger accounting solutions provide business owners with real-time visibility of their financial performance and position.

Xero’s Australian Managing Director, Chris Ridd, says Deloitte’s decision signals Xero’s growing stature in the Australian financial marketplace.

“We are excited to be working with Deloitte who are well known for their technology leadership. Deloitte has strong reach in the private and family business market, which gives us the opportunity to expand our brand in the Australian market alongside a leading global professional services organisation.”

David Hill, National Managing Partner for Deloitte Private, says “the professional services sector is being digitally disrupted. Our response is to embrace this disruption to improve the efficiency of our operations and enhance the way we deliver value to our clients.”

“Cloud or single ledger accounting solutions give clients the ability to access their financial data and reports from anywhere and at any time. Such solutions also provide us with the opportunity to regularly connect with our clients and offer timely insights and solutions to create and deliver value.”

For more information contact:

Chris Ridd

Xero Australia Managing Director

Mobile: +61 414 987 026

chris.ridd@xero.com

Jane Kneebone

Deloitte

Corporate Affairs & Communications

Mobile: +61 416 148 845

Tel: +61 3 9671 7389

jakneebone@deloitte.com.au

About Xero
Xero provides beautiful, easy to use online accounting software for small businesses and their advisors. The company has over 150,000 paying customers and 200,000 users in more than 100 countries around the world. The company is listed on the NZX and ASX.
See http://xero.com