Home > Updates > Xero delivers more for small business
Research has shown that small businesses who invest in technology are better able to cope with disruption in uncertain times and have the greatest flexibility when it comes to scaling their business.
Xero’s Small Business Insights report, Picking up the pace: Trends in small business technology adoption and use also demonstrated that those businesses that are more digitally minded were more resilient through the pandemic and were outperforming their peers across most business metrics.
Xero has taken this insight and analysis and turned it into a smarter more integrated Xero offering for small to medium-sized businesses.
Xero Ultimate provides the standard Xero features of sending invoices and quotes, entering bills and reconciling bank accounts, working with multiple currencies, managing payroll and expenses for up to 5 people and track projects. In addition, it now offers advanced insights with Analytics Plus.
This set of tools is aimed at providing business owners with a better understanding of their performance and with this understanding gives them the ability to plan.
With the use of dashboards, businesses can undertake cashflow forecasting and review financial performance across key metrics.
The key benefit to Analytics Plus is having information available that informs your decision making.
If you are currently using any apps that add on to Xero, these will continue to work with your Ultimate Plan. Xero’s ecosystem has more than 1,000 third-party apps that integrate with Xero. Maybe now is the time for you to review what’s available and see how it can assist the day to day running of your business.
For more information on the Ultimate Plan, click here.
Please speak with your Nexia advisor to discuss the best Xero plan for your business needs.