Xero Cloud Accounting on Sky News

Nigel Freitas of Sky News recently interviewed Xero Australia’s CEO Chris Ridd.

One of the key topics of the interview was the motivations of Xero as a business. Ridd explained that the accounting sector has traditionally lacked innovation; they felt there must be a better way of doing accounting. They saw a need for a cloud based computing application to increase the share-ability of accounting data. By putting a strong emphasis on sharing data, it makes it easier for the client and advisor to work together without the need for time consuming and potentially expensive meetings. The key selling point of Xero is the fact that you can access it through an internet browser, rather than requiring resource-demanding desktop software. Cloud accounting solutions improve speed, flexibility, and reduce costs over traditional desktop accounting packages.

Ridd explained that one of the key benefits of Xero is the fact is is constantly evolving and being updated. Unlike desktop applications which may get one or two large updates every other year (requiring an upgrade of the software from users), Xero updates a frequent basis (65 times in the past 5 years), without requiring any action from the user.

You can view the Sky News interview with Chris Ridd here: Xero Cloud Accounting Interview

For more information on how cloud accounting software can benefit your business, please contact us today.