The new features were designed to deliver more efficient and accurate workflows for accountants and bookkeepers as well as in-depth insights to help them more confidently run their practices and advise small business clients.
Cumulatively the announcements aimed to provide a simpler and more unified experience to help Xero partners streamline compliance and operate more efficiently so they can spend more time on strategic areas of their practice, the company said.
“We know the daily realities accountants and bookkeepers face – talent shortages, economic uncertainty, increasing regulatory complexity and compliance pressure – alongside day-to-day manual tasks, can keep them from high-value strategic work,” said Xero chief product and technology officer Diya Jolly.
“Xero’s new features are designed to automate the heavy lifting, freeing up our partners to focus on more meaningful and impactful work like strengthening client relationships and providing personalised advice.”
As part of Xero’s new product offering, the company is also collaborating with OpenAI to bring financial information from across the web, such as tax laws and market trends, into Xero.
“With AI tools like JAX, small businesses can save time, work more efficiently, and grow,” said Open AI chief commercial officer Giancarlo “GC” Lionetti. “Collaborating with Xero is a great example of how we’re bringing the practical benefits of intelligence directly into the platforms businesses already rely on.”