Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Thursday, November 21 2019 - 14:44
AsiaNet
Xero unveils new cloud technologies in AI and machine learning
SINGAPORE, Nov. 21, 2019 /PRNewswire-AsiaNet/--

Innovations announced at Xero Roadshow Asia will offer new tools for small 
businesses and their advisors to gain greater visibility into business health

 
Xero(https://www.xero.com/), the global small business platform, announced at 
its Roadshow a host of new tools and fintech partnerships designed to help 
small businesses, accountants and bookkeepers better manage their cash flow, 
data and carry out analysis to deliver deeper insights into business 
performance.

For the full multimedia release, click here:
https://www.prnasia.com/mnr/xero_201911.shtml

Photo - https://photos.prnasia.com/prnh/20191120/2648940-1-a
New cash flow forecasting tool
 
Photo - https://photos.prnasia.com/prnh/20191120/2648940-1-b
Enhanced data automation capabilities with Hubdoc
 
Photo - https://photos.prnasia.com/prnh/20191120/2648940-1-c
Simpler and more seamless e-invoicing experience
 
Photo - https://photos.prnasia.com/prnh/20191120/2648940-1-d
Xero’s banks and fintech partnerships to improve financial visibility

New AI-powered forecasting tool to make cash flow more transparent to SMEs and 
their accountants 

Xero has created a short-term 30-day cash flow forecasting tool to give small 
business owners and their accountants a better view on their financial health 
to help them make informed business decisions. 

Leveraging machine learning to power data automation 

Following Xero's acquisition of Hubdoc(https://www.hubdoc.com/), it has further 
accelerated its machine learning capabilities. Today, Hubdoc is able to extract 
70 percent of all financial documents such as receipts, invoices and bills 
using machine learning. It is also processing double the documents a day than 
this time last year. This significantly reduces the data capture time for 
customers, with documents being processed quicker. 

Bank and fintech partnerships to improve financial visibility and shorten 
payment cycles 

In Singapore, Xero has partnered OCBC to roll out bank feeds for their joint 
customers. 

The global partnership that Xero has with Stripe is enabling businesses to 
develop new innovations that help small businesses get paid faster, in more 
ways, and gain more visibility over their business performance.

Simpler and more seamless e-invoicing experience

With Singapore officially joining the PEPPOL network in January 2019, Xero will 
work closely with the Infocomm Media Development Authority (IMDA) to be 
PEPPOL-ready and drive greater cloud accounting adoption. 

Media Contact

Xero Asia
Semantha Tan
+65-8200-4296
AsiaPress@xero.com

SOURCE  Xero Asia
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