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Unique collaboration established to accelerate adoption of cloud
accounting and drive product and service innovations for small
businesses across the globe

DENVER–(BUSINESS WIRE)–Xero,
the small business platform, has formed a global collaboration with the
multinational professional services network PwC.
The collaboration now allows local PwC firms around the world to provide
quick and easy access for their clients to access the Xero platform.

It builds on established relationships in the UK, Canada, Australia and
New Zealand. As a result of the new global collaboration, new advantages
will emerge for small businesses based in markets like Asia, Europe, the
United States and other countries to help accelerate their cloud
adoption journey. It also outlines a commitment from both PwC and Xero
to continue to innovate together, resulting in the development of
efficient products and services for small businesses globally.

Anna Curzon, Xero’s Chief Product Officer, said: “Internationally, less
than 20% of small businesses use cloud accounting technologies.
Australia and New Zealand are much further advanced in this area; there
is a huge opportunity to bring the benefits of real-time tools to
businesses and advisors around the world. This alliance means Xero and
PwC can work together to help small businesses increase productivity and
provide them valuable time back in their day.”

“Accountants, bookkeepers and their customers want beautiful technology
and intuitive online experiences to drive efficiency which helps their
businesses thrive. PwC has big ambitions for delivering the innovations
their clients want and are asking for. By leveraging Xero’s global
platform and strengthening our relationship, we’re able to build a more
connected network to accelerate innovation. We see this as helping small
businesses succeed by opening up even more opportunities to deliver
beautiful products and services around the world,” Curzon said.

Using Xero Application Programming Interfaces (APIs), PwC will work with
Xero to continue to innovate together, resulting in the development of
more efficient products and services for small businesses. Xero and PwC
have already established a track record of designing and building
innovative tools and solutions such as PwC’s Cashflow Coach.

Scott McLiver, Digital Innovation Leader for Global Entrepreneurial &
Private Business, based in PwC New Zealand, said: “Business owners are
increasingly embracing the cloud for their key business systems. For the
simple reason that the benefits of doing this are simply enormous. The
access to business data from Xero allows PwC to build products that
solve key business problems. By leveraging powerful cloud accounting
technology to build digital products with PwC’s knowledge and technical
capability, we can help small business owners to be successful in ways
that previously weren’t possible.”

About Xero

Born in the cloud, Xero
is a beautiful, easy-to-use platform for small businesses and their
advisors. Xero provides its 1.8 million subscribers with connections to
a thriving ecosystem of 700+ third party apps and 200+ connections to
banks and financial service providers. On the inaugural 2018 Financial
Times FT1000 High-Growth Companies Asia Pacific list, Xero was the
fastest growing tech company in the $200 million+ segment. Xero won
‘Bookkeeping software of the year’ from the Institute of Certified
Bookkeepers UK in 2018, and was rated by Canstar Blue as Australia’s
best accounting software over four consecutive years, 2015-2018.

About PwC

At PwC, our purpose is to build trust in society and solve important
problems. PwC is a network of firms in 158 countries with more than
250,000 people who are committed to delivering quality in assurance,
advisory and tax services. Find out more and tell us what matters to you
by visiting us at www.pwc.com.
PwC refers to the PwC network and/or one or more of its member firms,
each of which is a separate legal entity. Please see www.pwc.com/structure
for further details.

Contacts

Media Contact
Xero Americas
Lauren Kido
408-506-6087
[email protected]

PwC Media Contact
Rowena Mearley
Global Communications Senior
Manager
[email protected]
Tel
+44 7730 598 643