New Zealand fintech Xero continues to upgrade its offerings in Canada.
At Xerocon Nashville this week, the Wellington-based firm unveiled a “huge number of improvements … to make things easier for small businesses and their advisors.”
“Running a small business in the US or Canada comes with its fair share of unique challenges,” stated Diya Jolly, who was promoted in April to Chief Product and Technology Officer. “That’s why Xero has been doubling down on building out our product capabilities for the unique needs of this region.”
For example, Xero has “heavily invested” in an enhanced bank feed experience, with plans to add hundreds more direct feeds over the next year, according to Jolly, who credited partnerships such as one with Montreal’s Flinks for helping the overseas company expand in Canada.
“Over the last 18 months, we’ve increased the number of direct bank feeds from 20 to over 700 banks in the US and Canada, making it easier to pull your data into Xero,” she said. “But we’re not stopping there.”
Several other enhancements are on the docket for Canadians, including a feature that will enable users to close out a period in Xero by matching coded transactions back to their bank statement period, as well as improved bank feed monitoring to better track the status of banks in Xero, and even a new client insights dashboard offering a snapshot of financial health metrics and trends for business edition clients.
“These announcements underscore Xero’s dedication to addressing the specific needs of our customers in the US and Canada,” Jolly said. “We’re excited about the future in the US and Canada, and look forward to continuing to support your success.”