What an amazing Xerocon it’s been, with over 2,000 accountants , bookkeepers and partners from 24 countries in attendance! The cloud accounting software firm, Xero Limited, also announced yesterday that it has surpassed a quarter of a million subscribers in the UK, making this one of this one of the most important events for accountants this year.

Xerocon London 2017 seminar

As well as a good opportunity to meet some key people in the cloud accounting world, there have been some fantastic speakers, some exciting announcements and the opportunity to learn more about the systems that are shaping the way we do business. Here’s a round-up of all the news from Xerocon London 2017!

New Xero Products

Xero announced its biggest ever wave of new products, including:

N.B. Click on the product names for more information

Xero​ ​HQ​ ​open​ ​practice​ ​platform​ – provides real-time visibility and insights for accountants and bookkeepers and Xerocon London 2017connects directly to other Xero tools and third-party practice apps

Xero​ ​HQ​ ​Ask​ – helps accountants collect information faster from clients

Boma  manages your marketing campaigns and social media feeds from Xero HQ to help you engage effectively with new and existing clients

Xero​ ​Expenses​ – mobile-first expense management with Open APIs for banks to connect to the millions of employees in small business

Xero​ ​Discuss​ – allows users and their advisors to communicate within the Xero platform

Xero​ ​Projects​ – provide time and job costing for small businesses in professional services

Construction​ ​Industry​ ​Scheme​ ​(CIS) -​ ​helps contractors and subcontractors manage their CIS obligations faster and more easily

Xero​ ​Lifelong​ ​Learning​ ​Platform​ – online learning tool aimed at students and the reskilling of the workforce, which will be delivered by educational institutions.

“We are early in the journey of using artificial intelligence to simplify accounting to make it easier for small businesses,” said Rod Drury, Xero founder and CEO. “We are proud to deliver a new generation of smart tools to drive further productivity. In parallel, our focus is to create opportunities for our community of accountants and bookkeepers to take advantage of our global platform to help grow small businesses and create new jobs.”

For tips on how to get the most out of Xero, sign up to OutserveWeb’s Xero Weekly email here. You may, of course, unsubscribe at any time.

For more information about Xero, click here. Or if you’d like to speak to someone about Xero implementation and integration, call us on 01785 244080 or contact us here.

Some Stats

Stats from Xerocon London 2017– Machine learning and Artificial Intelligence has 90% success rate for coding transactions in Xero.

– Xero research shows that accountants serving clients online allows staff to serve 56 clients up from 14 and increase income.

– 78% of accountants who work in accounting and bookkeeping firms still rely on spreadsheets and 18% use paper ledgers.

– Just a fifth of accountants do not agree that moving to digital accounting is imperative to the industry surviving in the next 3-5 years.

Video Interviews

And finally, in roving reporter style, I conducted quite a few videos interviews with exhibitors, visitors and Xero staff during the two days at Xerocon. Here are just a few. Enjoy!

Interview with Jayne Smith from That’s Ideal bookkeeping service

Interview with David from Chaser

Interview with Leigh Stallard from Xero

Interview with Stephen Jones from Unleashed

Interview with Colin from Float

Interview with Suzanne from Tripcatcher

For tips on how to get the most out of Xero, sign up to OutserveWeb’s Xero Weekly email here. You may, of course, unsubscribe at any time.

For more information about Xero, click here. Or if you’d like to speak to someone about Xero implementation and integration, call us on 01785 244080 or contact us here.