Member Article

Global cloud business management solutions provider Xero invests in South East businesses

Xero is helping South East businesses with the UK’s first integrated cloud business management solution featuring payroll and business performance dashboard.

Emma Lomax, founder and creative director of SewLomax, launched her startup in 2012 from her studio in London.

Finding the right retail accounting software played a pivotal role in SewLomax’s move to selling in retail stores.

Emma said: “Up to very recently we didn’t have an office space and I worked from the kitchen table mostly. At the beginning it was very important to keep overhead costs down as much as possible,”

“Xero has totally changed the way we do our accounts. It’s simple, you don’t need to have any background in accounting. It means we have reliable figures to look at – at the end of each month we can go in and see how much we’ve spent and what we’ve spent it on.”

“We also use Xero for invoicing and sending orders across to India. It’s really important for us to keep on top of our finances, to be able to project cashflow and know what we will have when. That’s why Xero has been so fantastic for us – it lets us see the figures in a very simple way,”

Xero has also announced the addition of Metro Bank to its growing network of live bank feeds, alongside RBS, HSBC, Natwest and Silicon Valley Bank.

Xero managing director Gary Turner says Xero is now able to do for payroll what it has already done for accounting by building on top of its existing online accounting solution.

He said: “Small businesses have been waiting too long for companies to innovate in payroll and improve their experience, which up until now has been painful.

“We’re now able to offer each of our 60,000+ UK small business customers an innovative solution within Xero that enables more capability than any of our competitors and talks directly to our accounting solution.”

Following its recent investment in business intelligence architecture, Xero is expected to launch its business performance dashboard using small business big data to provide a full picture of key financial ratios and performance metrics, empowering small businesses and their advisors with accurate, real-time data to aid in business decision-making.

Gary said: “In this age where changes to government legislation are constantly making it tougher for UK small business, it is important for us to support our 400,000 small business customers around the world with smart software that will arm them with greater insight, mobility, and control of their core business management,”

“This is just the start of a new wave of innovation we have planned as we further leverage our powerful accounting platform.”

This was posted in Bdaily's Members' News section by Ellen Forster .