Xero signs agreement with ANZ

Thursday, 3 June 2010 1 Comment

Xero has entered into a regional agreement with ANZ to distribute its online accounting services to ANZ customers.

The agreement allows for exclusive distribution in Australia and to explore opportunities in Singapore, New Zealand and more broadly across the Asia Pacific region.

Xero will offer ANZ's 450,000 small business customers in Australia an online, integrated banking and accounting solution that allows them to understand trading performance and cashflow position in real-time.

Xero chief executive Rod Drury says this agreement reflects the synergies that Xero and ANZ share in supporting small business owners to meet the challenges of operating a small business by giving them the tools to take greater control of their finances.

"We're excited about the prospect of working on more sophisticated integration between our respective online systems for the convenience of our customers,'' he says.

ANZ General Manager Small Business Nick Reade says managing cashflow is one of the main issues for small businesses.

"The integration of Xero's software provides our customers with a simple and convenient solution to manage their cashflow and provides greater transparency around trading performance."

Reade says this agreement confirms ANZ's commitment to support small businesses through both traditional and value adding services to help them start, grow and thrive.

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