Cloud accounting software maker Xero and the expense reporting software maker Expensify have partnered to offer bundled solutions to top U.S. accounting firms with plans to expand globally in the coming months. The announcement was made by the company’s respective CEOs on stage during a keynote appearance at ExpensiCon, Expensify’s invite-only user summit in Maui, Hawaii.
Expensify has an industry leading integration with Xero and was one of the first U.S. headquartered technology companies to integrate with Xero after Xero’s U.S. launch. Earlier this year, Expensify announced the launch of their UK office during Xerocon London.
“Xero has been a fantastic partner to Expensify,” says David Barrett, founder and CEO of Expensify. “We’re excited to be recognized by Xero not only as a valuable add-on solution, but also as a global strategic partner. Our companies have already seen the benefits of working together when approaching top accounting firms, so cementing this strategic partnership will ensure that our mutual customers receive top-notch service coupled with best-in-breed automation.”
The improved integration includes auto-matching Expensify transactions directly into Xero bank accounts, which removes the need for manual reconciliation by the administrator. Expensify has also added purchase tax support for any tax rate supported by Xero to make it a truly global integration. With these new features, Expensify boasts the most comprehensive integration by a receipt and expense management add-on in the Xero marketplace.
Rod Drury, Xero CEO says, “Small and medium business is the next big category. The Cloud allows this vast but fragmented market to finally be addressed. This market is seeing seamless collaboration from the next generation software companies like Expensify and Xero, working together to deliver integrated experiences that are rewiring the small business economy globally.”
Expensify continues to gain massive traction with Xero users in the US as well as APAC, specifically Australia and New Zealand. Expensify will have a strong presence at the upcoming Xerocon conferences as a sponsor in both Brisbane and San Francisco to further solidify its partnership with Xero.
“Together, Expensify and Xero are an extremely compelling integrated solution for accounting firms looking to improve their efficiency whilst decreasing client frustration,” said Rebecca McClure, Head of Operations for Business Services and Accounting, BDO LLP (UK). “We’re excited to see where this partnership leads in the future.”
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Tags: Accounting, Taxes, Technology
