New Zealand-based online accounting software provider, Xero, has entered into a regional agreement with ANZ to distribute its online accounting services to ANZ customers.
The agreement permits exclusive distribution in Australia and will enable opportunities to be explored in Singapore, New Zealand and more broadly across the region.
The arrangement will see ANZ’s 450,000 small business customers and their advisors across the region benefit from access to Xero’s online, integrated banking and accounting solution, helping them to understand trading performance and cash flow position in real-time.
Xero CEO Rod Drury said Xero is designed to save small businesses time and money and allows them to manage their businesses more effectively.
“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 said.
Nick Reade, ANZ General Manager Small Business, said “We know that managing cash flow 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 cash flow and provide greater transparency around trading performance.”
Mr Reade said this agreement confirms ANZ’s commitment to supporting small businesses via both traditional and value adding services to help them establish themselves, grow and thrive.