Date: 21st February 2014
More than 900 accounting, bookkeeping and add-on partners, including some of our own from Findlay and Co, flooded into the Viaduct Events Centre in Auckland this week for Xerocon New Zealand 2014. Here are some of the highlights from the conference:
2013 has been an awesome year for Xero! They now have 250,000 customers globally, having gained 115,000 in 2013 alone.
They’ve got $200m cash in the bank following a big capital raise last year and added 300 new Xero team members in the last 12 months, now totalling over 650.
New Zealand is Xero’s test lab for the rest of the world. They were the Hi-Tech Company of the Year 2013 and the Hi-Tech Exporter of the Year 2013. They’ve grown to more than 90,000 paying customers in New Zealand and more than 2,500 Kiwi partners.
Xero clients processed $30 billion in invoices over the last 12 months. New Zealand’s GDP is $180 billion, so it’s fair to say that a huge amount of our economy is flying through Xero’s engines.
Since they introduced online invoicing, New Zealand businesses are today being paid 33% faster than they were in 2011. It used to take six weeks to get paid, but with Xero it’s under a month!
The strategic partnership with ASB represents a key part of Xero’s future, and the partnership will benefit Xero’s customers with real-time data, multi-currencies, real accessibility and collaboration.
Xerocon New Zealand was the perfect opportunity to announce the new ‘Farming in the Cloud’ solution, to be launched in mid-year. Farming in the Cloud will bring real-time, single ledger reporting to the farm for the first time. It will allow farmers and their accountants, banks and rural service companies to work together from the same set of online, real-time data, and will provide one centralised home for key accounting and farm management tools.
Xero U is a big product update, bringing webinars and training videos together in one place on the Xero website, while still giving customers the ability to gain certification online.
The updates to Profiles is also going to bring some real benefits to Xero users: creating a presence online for you and your business, and connecting with existing and potential customers with handy tools like Google Hangouts.
Xero Product Manager for Banking Integration & Experience Matt Vickers had some cool updates on mobile banking, showing everyone the awesome integration of banking and accounting now available to Xero customers.
Xero proudly announced their sponsorship of Olympic kayaking gold medallist Lisa Carrington. Lisa will join the Xero team part-time as she builds her athletics career, learning about marketing, social media, sales and customer support, giving her options for her future career after kayaking. Find out more from Lisa on Xero TV.
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