Story image

Xero celebrates 1m subscriber milestone

05 Dec 2018

Xero’s done it – this year the company had a goal of reaching one million subscribers across New Zealand and Australia – and this week the company has passed that milestone with flying colours.

Within New Zealand and Australia over the last 12 months, Xero says 259 million invoices and $1.51 billion worth of transactions have passed through its platform; every month 1.2 million employees have been paid through Xero payroll. 

“Our growth is an indication of the strength of the small business economy across Australia and New Zealand,” says Xero’s managing director of Australia and Asia, Trent Innes.

“Our data shows there is a direct correlation between digital connectivity and positive business outcomes for small business. We believe that best-in-class cloud technology positively drives economic prosperity for small business and as a result - the broader economy.”

Xero has been working hard on developing its partner community across A/NZ. More than 3500 people attended Xerocon Brisbane this year, while 13,000 people registered for the company’s partner roadshows across both countries.

“Our A/NZ partners are the true early adopters when it comes to cloud technology. We couldn’t have achieved this milestone without the partnership from this community to help shape the platform. We’re very grateful for their support and joining us on this journey,” says Xero’s managing director of New Zealand & Pacific Islands, Craig Hudson.

He explains that Xero’s purpose is to help small businesses grow – something that has a positive impact on the world. Cloud technology has revolutionised the way those businesses operate.

“In New Zealand and Australia the penetration of cloud accounting sits around 40 percent, more than double what it is worldwide, which shows clear leadership and uptake,” says Hudson.

“This is exciting, because while both New Zealand and Australia are geographically distant, the innovation we see coming from our region is powered by cloud technology and global connectivity.”

Innes adds that one of the common dreams New Zealanders and Australians have is to be their own boss.

“It takes guts to risk it all to follow that passion. We have some of the most hard working and creative customers out there who are truly demonstrating what beautiful business is,” Innes says.

Xero has also been bolstering its presence in the United Kingdom and Canada this year with a number of acquisitions and partnerships. 

“Xero’s next opportunity for growth centres on the continued evolution of cloud technology and together, with our small business customers and partners, we are paving the way to extend business offerings on the Xero platform,” Concludes Hudson.

Unisys encourages financial institutions to adopt open banking
“It establishes the bank as an integral part of the customers’ life – a ‘one-stop-shop’ where they can get personalised products and services they want, when they want them.”
Developers use Intel AI to solve some of the world’s biggest challenges
Risab Biswas developed a computer vision application to help farmers more easily detect pathological disease in their plants.
Smarter cities through cross-border and G2G collaborations
"As countries race ahead in their bid to accelerate smart city development through industrialisation, the environment and ultimately humanity is paying the price for this phenomenon."
SingularityNET CEO discusses the future of AI
"In my view, AI will eliminate essentially all need for humans to do practical work."
You're invited: Adobe Symposium 2019, Sydney
The event will bring together 4000 business leaders, marketers, IT and digital experts, as well as creative professionals to Sydney’s International Convention Centre in the heart of the city.
Toshiba launches fast rotary cutter for B-EX6T1 printer
Intended primarily for industrial applications, these popular printers combine state-of-the-art technology with usability, reliability and low TCO.
How the 5G Telco market is transforming
"Over the past six months, more people in the general populace have begun using the term 5G in their regular conversations."
Innodisk launces AIoT solution for the medical field
One of the challenges of AIoT is keeping tabs on the many devices involved in the system.