Source: BDO Website (Xero-BDO Press Announcement)
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Xero, a global small business platform, has announced it has signed BDO as a Xero Global Partner, as part of a new three year global agreement. Xero will become BDO’s preferred accounting solution for its Business, Services and Outsourcing clients in the small to medium business space - significantly growing the number of BDO clients on Xero over the next three years. By combining Xero’s accounting software platform with BDO’s business expertise and insights, businesses can access greater support and information to build resilience and succeed.
COVID-19 has highlighted the importance of cloud solutions and information to business success. By leveraging the Xero platform, BDO will bring their expertise in supporting businesses globally to deliver real-time and accurate financial insights to their clients so they can focus on growing their business.
Rachael Powell, Chief Customer Officer at Xero, said, “We’re thrilled to forge this partnership with BDO on a global level and share a common passion to enable more businesses worldwide to be successful.”
“BDO is a great example of the advisor of the future and we are excited to be on this journey with them. Our aspiration is to deliver Xero into the hands of many BDO advisors around the world and in turn enable them to drive deep and meaningful conversations with their clients.”
Albert Lopez, BDO’s Global Head of Business Services and Outsourcing, added “BDO has long been focused on developing a consistent and truly global approach to supporting growing businesses. We are delighted that our partnership with Xero takes us one large step closer to that objective.”
“We know that access to reliable data, and the insights that data can provide, is critical to our clients’ success in the new reality. Working with Xero will help BDO lead that agenda, adding real value to businesses by helping them both understand and apply their data, to build resilience and plan for future success,” Mr Lopez said.
Powell added, “This major global partnership underscores Xero’s growing presence in the enterprise space - to drive far greater consistency in our service offering to big firms across the globe. Congratulations to BDO.”
‘Xero Global Partner’ is a new way Xero is recognizing global partnerships of this nature and BDO is the first to receive this status. This status recognizes an agreement at the global level with a number of regional member firms being involved and joining. Initial participating BDO firms are expected to include BDO in Australia, New Zealand, UK and Canada - with truly global expansion anticipated over the course of the agreement.
About Xero
Xero is a cloud-based accounting software platform for small businesses with 2.45 million subscribers globally. Through Xero, small business owners and their advisors have access to real-time financial data any time, anywhere and on any device. Xero offers an ecosystem of over 800 third-party apps and 200 plus connections to banks and other financial partners. In 2020 and 2021, Xero was included in the Bloomberg Gender-Equality Index and in 2020, Xero was recognized by IDC MarketScape as a leader in its worldwide SaaS and cloud-enabled small business finance and accounting applications vendor assessment.
About BDO
BDO is a leading provider of professional services to clients of all sizes in virtually all business sectors. Our teams deliver a comprehensive range of assurance, accounting, tax, and advisory services, complemented by a deep industry knowledge. In 2020, BDO has 1,658 offices in 167 countries and territories worldwide, with global fees of $10.3b in the year ended 30 September 2020. BDO’, ‘we’, ‘us’, and ‘our’ refer to one or more of BDO International Limited, its network of independent member firms (‘the BDO network’), and/or its independent member firms.
The BDO network is an international network of independent public accounting, tax and advisory firms which are members of BDO International Limited and perform professional services under the name and style of BDO (hereafter: ‘BDO member firms’). BDO International Limited is a UK company limited by guarantee. It is the governing entity of the BDO network. Service provision within the BDO network is coordinated by Brussels Worldwide Services BV, a limited liability company incorporated in Belgium. Each of BDO International Limited, Brussels Worldwide Services BV and the BDO member firms is a separate legal entity and has no liability for another entity’s acts or omissions. Nothing in the arrangements or rules of the BDO network shall constitute or imply an agency relationship or a partnership between BDO International Limited, Brussels Worldwide Services BV and/or the BDO member firms. Neither BDO International Limited nor any other central entities of the BDO network provide services to clients. BDO is the brand name for the BDO network and for each of the BDO member firms.
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Graphic source: BDO Website: Xero-BDO Press Announcement. (Adapted by Insightful Accountant for informational and Educational purposes only.)