Online accounting provider for small to medium business Xero has partnered with Microsoft to release content pack integration for Microsoft Power BI. It will allow its 700,000+ users to analyse their data, surfacing insights so they can make smart and informed decisions.
Microsoft Power BI is a business analytics tool, used to analyse data and share insights. It’s perfectly suited for any business, or accountants and bookkeepers to monitor business performance and get answers quickly, with rich analytics available on every device.
Xero’s general manager for global strategic partnerships, James Maiocco, says, “Business tools today are smarter and more connected than ever and finally available to the small business sector. We’re delighted to integrate further with Microsoft Power BI to give our users enterprise-ready tools to analyse information from Xero to make smart, informed decisions.”
- The Xero content pack offers enterprise-level business intelligence to small business with 25 key business metrics in a rich visualisation environment. This interoperation serves up key performance indicators like relevant revenue vs expenses, profit loss trend, debtor days and return on investment in beautiful interactive dashboards surfacing new insights in new ways.
- The collaboration between Xero and Power BI empowers small businesses and their advisors to unleash the power of big data to drill down into a specific business metric like cash position and automatically generate “Quick Insights” in seconds.
- Natural language queries and mobile apps make developing new insights easy and accessible, making Xero’s data actionable when small businesses need it, anywhere, anytime.
- Integrations with Power BI and Office 365 extend Xero’s reach and usability and allow small businesses to extend their Microsoft investments to easily view their Xero data alongside other critical business data, including Microsoft Dynamics CRM, MailChimp, Insightly, Google Analytics, Zendesk and Stripe.
Sequel VCFO chief executive David Boyar says, “Imagine that you can show your client the performance of their entire business in a single dashboard. That is proper game changing. That’s why the Xero integration is so important because finance data holds it all together and has the accountability.”
Xero is also integrated with Microsoft’s Office 365 suite and has a range of third-party apps and templates to expand this to inventory, invoicing, time and expense tracking and much more.