Xero has signed on BDO, the international accounting company, as a Xero Global Partner.
As part of a new three year global agreement, Xero will become BDO's preferred accounting solution for its business, services and outsourcing clients in the small to medium business space - significantly growing the number of BDO clients on Xero over the next three years.
By combining Xero's accounting software platform with BDO's business expertise and insights, the companies aim to provide businesses greater support and information to build resilience and succeed.
By leveraging the Xero platform, BDO will bring their expertise in supporting businesses globally to deliver real-time and accurate financial insights to their clients so they can focus on growing their business.
‘Xero Global Partner' is a new way Xero is recognising global partnerships of this nature and BDO is the first to receive this status.
This status recognises an agreement at the global level with a number of regional member firms being involved and joining.
Initial participating BDO firms are expected to include BDO in Australia, New Zealand, UK and Canada - with global expansion anticipated over the course of the agreement.
Xero chief customer officer Rachael Powell says, “We're thrilled to forge this partnership with BDO on a global level and share a common passion to enable more businesses worldwide to be successful.
BDO global head of business services and outsourcing Albert Lopez says, “BDO is a great example of the advisor of the future and we are excited to be on this journey with them.
"Our aspiration is to deliver Xero into the hands of many BDO advisors around the world and in turn enable them to drive deep and meaningful conversations with their clients.
He says, “BDO has long been focused on developing a consistent and truly global approach to supporting growing businesses. We are delighted that our partnership with Xero takes us one large step closer to that objective.
“We know that access to reliable data, and the insights that data can provide, is critical to our clients' success in the new reality.
"Working with Xero will help BDO lead that agenda, adding real value to businesses by helping them both understand and apply their data, to build resilience and plan for future success."
BDO New Zealand's head of advisory Martin Veitch says, “Xero is a home-grown New Zealand success story, and we at BDO NZ have enjoyed a long-standing collaborative partnership with Xero.
"To this day, BDO NZ has the largest amount of clients on Xero and we are delighted that our friends and colleagues across BDO globally will now be working with this iconic Kiwi company in using Xero to effectively enable our advisors of the future.
Powell adds, “This major global partnership underscores Xero's growing presence in the enterprise space - to drive far greater consistency in our service offering to big firms across the globe. Congratulations to BDO.