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.

Red Hat expands integration product capabilities
Adds end-to-end API lifecycle support and new capabilities for agile integration across hybrid architectures.
Oracle updates enterprise blockchain platform
Oracle’s enterprise blockchain has been updated to include more capabilities to enhance development, integration, and deployment of customers’ new blockchain applications.
BMC adds IBM Cloud, Watson to Helix solution
BMC Helix with IBM Watson delivers cognitive insights across structured and unstructured federated knowledgebases.
Hyundai works with IBM to create a new blockchain-based platform
The network for commercial financing will supposedly provide participants with a single view of all the transactions happening in the network.
Why businesses should invest in energy automation
In industrial applications digital transformation allows businesses to do more with less.
NZ Cricket ups data analytics game with Qrious
The Black Caps and White Ferns have implemented a data and analytics solution from Qrious to monitor and improve game strategy and player performance.
Gartner: Smartphone biometrics coming to the workplace
Gartner predicts increased adoption of mobile-centric biometric authentication and SaaS-delivered IAM.
IDC: A/NZ second highest APAC IoT spenders per capita
New IDC forecast expects the Internet of Things spending in Asia/Pacific excluding Japan to reach US$381.8 Billion by 2022.