Home Industry Deals Deloitte teams up with Xero in the cloud

Left to right: Gavin Fernandes, Key Accounts Manager Xero, Ben Shields, Partner Deloitte, Chris Ridd, Managing Director, Xero, David Hill, National Managing Partner, Deloitte, Rod Drury, CEO, Xero Left to right: Gavin Fernandes, Key Accounts Manager Xero, Ben Shields, Partner Deloitte, Chris Ridd, Managing Director, Xero, David Hill, National Managing Partner, Deloitte, Rod Drury, CEO, Xero

Professional services firm, Deloitte, has teamed up with accounting software provider, Xero, to offer its Australian clients the ability to migrate to Xero’s single ledger accounting solution in response to what it says is growing demand for cloud accounting solutions.

Xero’s Australian Managing Director, Chris Ridd, said that based on current client demand for cloud-based accounting solutions, Deloitte expected that by the end of its financial year approximately 2,000 ledgers would have been migrated to Xero’s platform alone.

Ridd said that for clients wishing to move to the cloud, single ledger accounting solutions provided business owners with real-time visibility of their financial performance and position.

According to Ridd, Deloitte’s decision signals “Xero’s growing stature in the Australian financial marketplace.”

He said Deloitte has strong reach in the private and family business market, which gave Xero the opportunity to expand its brand in the Australian market alongside a leading global professional services organisation.

David Hill, National Managing Partner for Deloitte Private, says “the professional services sector is being digitally disrupted.”

“Our response is to embrace this disruption to improve the efficiency of our operations and enhance the way we deliver value to our clients.

 “Cloud or single ledger accounting solutions give clients the ability to access their financial data and reports from anywhere and at any time. Such solutions also provide us with the opportunity to regularly connect with our clients and offer timely insights and solutions to create and deliver value,” Hill said.

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Peter Dinham

 

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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