Updates from Xero
Updates from Xero
Steve Vamos, CEO, Xero
What we’ve been working on... B
uilding on our commitment to Singapore small businesses and partners We recently announced the introduction of localised billing for our subscribers in Singapore, as part of our commitment to helping small businesses and their advisors in the region. From July, customers and partners in Singapore will enjoy a seamless, transparent billing experience when paying for their subscriptions. This will remove the need for customers to consider fluctuations in the USD/SGD currency exchange every month. It’s one of many enhancements to be announced this year, and part of our continued growth in the region.
Since opening our Singapore office in 2016, Xero has invested in enhancing our product suite for local customers. Some of the work we’ve done to bolster our offering in Singapore includes: • building bank feeds for Singapore SME banks, and adding new financial partners in payments, lending and digital banking • offering Singapore GST capability, by automating the process of GST calculation for IRAS’ Form 5 requirements • including Hubdoc in Xero business plans, to provide customers with data capture, extraction and processing technology that saves time and reduces manual work • making e-invoicing seamless for customers through compliance with IMDA’s InvoiceNow initiative and the acquisitions of Tickstar and Invoici • adding a number of Singapore-
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based apps in the areas of compliance, payroll, payments, point-of-sale and practice management To support Xero partners, we have added: • Singapore Report Templates, making it easy for partners to generate financial statements that are compliant with Singapore financial reporting standards • Singapore Chart of Accounts templates, saving partners time when onboarding new clients into Xero Small businesses are the backbone of Singapore and the future of the economy. We’re continuing to work closely with the small business community, advisors and the Singapore Government to remove friction, create new opportunities and enable our subscribers to grow and thrive.
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Issue 27 / 19
