Xero and Kaseya form data sharing duet
Cloud-based accounting platform for small businesses Xero has signed a deal with IT management solutions provider, Kaseya, that will provide direct integration between BMS by Kaseya and Xero, reports David Penn at Finovate (FinTech Futures’ sister company).
Kaseya’s business management solution supports the back-end operations of managed service providers (MSPs) and mid-market enterprises (MME); the integration will ensure synchronised financial and operational data between both Xero and Kaseya’s platform.
General manager for cloud computing at Kaseya Jim Lippie says the deal with Xero “provides an added layer of financial intelligence that can be leveraged within BMS’ single pane of glass” and “saves our MSPs countless hours of admin and back office time”.
Specifically, MSPs will be able to see client information such as invoice history, payment status, credit status, and products and services purchased in one location. Accounting departments get synchronisation of operational data such as tickets and time tracking.
This news is accompanied by an announcement that Xero has opened its “newest and largest global office” in Wellington, New Zealand. The new HQ now supports more than 650 Xero staffers who were previously working in three separate locations around the city.
The partnership with Kaseya is Xero’s second of 2018. The company announced an agreement with DBS (the Development Bank of Singapore) in January, which will give the bank’s small business customers the ability to have their transactions automatically imported to their Xero accounts. Last fall/autum, Xero teamed up with Worldpay to simplify invoicing for small businesses.
With more than one million subscribers, Xero’s technology integrates with more than 600 business apps. The publicly-traded company has a market capitalisation of $3.4 billion and is currently trading on both the New Zealand and Australian stock exchanges under the ticker symbol. Xero is planning to transition to a sole listing on the Australian exchange later this year.