Xero Adds Machine Learning, New Features to Small Business Accounting

Xero, the global small business platform, has added major new products and features that allow owners and their advisors to build more efficient and profitable operations.

Announced in front of 3500 attendees at the largest ever Xerocon in Brisbane, the new features make it easier to collate information from hundreds of sources, gain a single source of truth across crucial business metrics, and manage client projects profitably.

Xero is also transforming machine learning capabilities from wishful thinking for most small businesses, into practical features that help provide deeper insights for vital decisions. By tapping into machine learning for everyday small business, the platform can augment human ingenuity by automating repetitive tasks, reducing time spent collecting and entering data, and increasing the accuracy and reliability of a business’s accounting data.

New features and updates announced at Xerocon Brisbane 2018 include:

The files required feature is a new, more efficient way for advisors to identify and collect client documents in one place, taking the guesswork out of tax preparation and cutting down time spent chasing information.
A new, more intuitive invoicing experience, tapping into machine learning insights for each business, making it easier to invoice customers and speed up time to pay.
Xero email-to-bills, a popular machine learning feature for Xero bills, is being expanded to extract and automatically populate details from any email PDF bill into Xero, saving businesses hours each month on data entry.
The Xero app marketplace is now more powerful, with a new way for advisors to get curated app recommendations for their clients, and showcase their expertise in technology integrations to prospective clients.
Powerful Xero Projects integration which enables users to share timesheet information across both features, saving time and ensuring a single source of truth.

“More than a decade ago, we began building a cloud accounting platform that would revolutionise how small businesses, accountants and bookkeepers run their operations. The new products and features announced at Xerocon Brisbane show the next stage of our growth: moving from an accounting software provider into a true small business platform that helps business owners save time, gain control, and focus on growing,” said Steve Vamos, Xero CEO.

“These tools will also help our champion accountants and bookkeepers grow their practices, making it easier and more efficient to serve their clients, and helping them add value in entirely new ways.”