*HotViewsExtra* Xero scopes the transformation opportunity

Already well established and growing strongly in the UK (H1 results reflect Xero's expansion activities), accountancy cloud software market challenger Xero demonstrated its intention to step up the pace even further at its recent London Xerocon event.

The company is geared up to take advantage of the April 2019 Making Tax Digital (MTD) deadline when c.1.1m UK businesses need to be ready to file online (it is estimated just 20% of small businesses currently use online accounting). But it sees this as more than a compliance issue: “this is a moment in time when we are seeing a lot of businesses moving from analogue to the digital world,” says Xero Chief Product and Partner Officer Anna Curzon, adding her belief that “this is a massive opportunity which we’ve never seen in our generation in the UK".

For suppliers, the MTD requirement is a one-time opportunity that has the scope to catapult savvy operators ahead in the accountancy software market... MORE

Posted by Angela Eager at '18:14' - Tagged: cloud   software