Xero has announced a strategic partnership with KPMG in Singapore, as the company expands its global reach in servicing hundreds of thousands of small businesses worldwide.
As a result, KPMG in Singapore becomes the first Platinum Partner for Xero in Asia - and Xero’s first outside the four main markets of New Zealand, Australia, United Kingdom and United States.
This strategic partnership combines Xero’s cloud-based accounting software with KPMG’s wealth of business expertise, following on from similar strategic alliances signed by KPMG member firms in the United Kingdom and New Zealand, with Xero.
"It is exciting that KPMG has selected Xero as a technology platform partner for their online services, confirming our belief that cloud accounting is fast becoming an important platform for both accounting firms and small businesses worldwide," says Victoria Crone, Managing Director, Xero New Zealand.
“Xero is used by more than 400,000 customers in over 180 countries globally.
"And the speed at which small businesses globally are adopting Xero shows they want accounting software that is beautiful, easy to use, and can be operated from anywhere, on any device.
“This partnership is Xero’s third with KPMG globally and firmly aligns with our vision to make it easier for small businesses to meet their compliance requirements and ultimately run things more smoothly.
"We believe that Xero is an effective platform for KPMG to access business data and reduce compliance costs."
According to Johnny MacAvoy, Xero Sales Director for Global, the announcement of KPMG as the company's first Platinum Partner outside its four major markets demonstrates Xero’s global reach and its role as a global cloud provider - servicing small businesses all over the world.
"We are delighted to see this partnership inked with Xero," adds Owi Kek Hean, Deputy Managing Partner and Head of Enterprise Market Segment, KPMG.
"It will allow us to offer professional services aligned closer to the unique needs of local enterprise and start-ups, while making enhanced reporting and other value added services available should they need it.
“Cloud accounting is fast becoming an important platform for both accounting firms and small businesses.
"They do not only result in cost savings, but they can help organisations increase workforce flexibility, improve customer service and enhance data analytics."