Why Xero? Big-4 level insights available for everybody

This article is an extract from the book 'Everything you need to know about Xero Practice Manager'
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Connected Apps

API technology changed the game for accountants forever. In the past, accounting practices had no option but pay for a large on-premise practice management app that they would only use a small part of. These apps were designed for large practices and required a lot of training and support. XPM has allowed practices of all sizes to access the tools and information that were once only available to the big players in the market. This is due to the miracle of the API.

API technology allows cloud-based apps like XPM to securely send and receive information to prevent the duplication of work between related systems. There is a whole world of connected apps available to practices that use XPM. These apps can automate manual processes, provide deep reporting insights, and enhance the quality of services accountants deliver for their customers.

Accountants can connect XPM to apps that help with:

• Document management
• Sales pipelines
• Proposal preparation
• Payment services
• Corporate compliance
• Newsletters
• Plus many more.

Connected apps work hand-in-hand with connected workflows. Practices can now use multiple specialist apps that talk to each other to achieve a better result than any on-premise software ever could. Practices can manage a customer enquiry from proposal to job creation, to delivery and through to invoice in one seamless automation, with each app handing on the information required to the next. Duplication of work has become a thing of the past with a single client record and related transactions all posting through to Xero.

Big-4 level insights available for everybody

Prior to XPM, the only accountants who knew how their people, jobs and customers were performing were practices that could afford to run large practice management systems. Accountants would struggle with their complex spreadsheets, dodgy pivot tables and ad-hoc management reporting. XPM has allowed practices of all sizes to receive the very best practice insights so they can compete with larger old-world practices. This is done by allowing them to view in real time how their jobs, services, clients, teams and practices are performing.

So why Xero? Why wouldn’t you?

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