Date: 26th April 2014
Xero is always looking to the future and how they can make their accounting software better and how to grow their business (and yours!) through innovation. Two of their latest initiatives have involved the big players in the economy – the government and banks.
Xero recently hosted an aspirational Business to Government Innovation Workshop. They got together with two government agencies, Inland Revenue and the Ministry for Business, Innovation and Enterprise; as well as Westpac Bank. The aim of the workshop was to explore and identify digital services that could reduce cost and transform the way the two parties interact in the future and bring it to life. They sought to answer the question, how can business and government connect using technology?
One of the outputs from the workshop was this visual conceived by Rod Drury, founder of Xero (as drawn by Gavin Blake of Fever Picture). It is his aspiration that instead of government investing in websites that are ‘compliance silos’ they open up web services that the private sector can access, thus making it easier and more cost-effective for customers to do business with Government.
Another initiative that Xero has recently released is Next Generation Banking, and it is set to transform small business accounting. This software innovation allows a seamless integration between your Xero accounts and internet banking, ie, direct feeds from the bank’s banking website that flows into Xero. This feature is now available if you use ASB Fast Net Classic and integration with other banks will follow.
Watch this video for more information: