Xero Announces Partnership with Microsoft to Enable Big Data Information

By CIOReview | Wednesday, February 17, 2016
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FREMONT, CA: Xero, a cloud accounting organization has recently announced its partnership with Microsoft to collect and collate information with its own Big Data across Xero. Furthermore, it also provides an integrated business application through Microsoft Power BI.

With this integration of business application, Xero will visualize the data or information from 25 commonly tracked small businesses metrics including—cash position, income contra expenses profit loss trend, debtor days and Return on Investment (ROI). In addition Xero pronounced a height that will capacitate small businesses to analyze information or data with high speed, efficiency, and understanding. “In today’s world business tools are smarter and connected than ever and finally accessible to a small business sector,” says Rod Drury, CEO, Xero.

In partnership with Microsoft Power BI an accounting firm Xero serves easy to use, access platform in one click to analyze the information and other sources to make smart and informed decisions. With the click of a button your financial data in Xero can be paired with data from other sources – such as CRM, marketing and support systems – to surface new insights. Furthermore these information can be saved as graphs and images to give you a visual snapshot of how your business is tracking. Microsoft power BI compliments Xero’s financial data with Microsoft Power BI to deliver powerful analytics and compelling data visualizations. "Microsoft's integration work with Xero brings together each of our strengths in cloud, productivity, and business intelligence so our customers can more easily analyze and visualize their business data, share insights from anywhere within Office 365, and work with each other to get more done," affirms James Phillips.

Available in March, Microsoft Power BI will be accessed via the financial system of record in Xero and integrated with data from other advanced inventory systems reports zdnet. For the last three months ending December 31, 2015, Xero reported a negative net operating cash flow of NZ$6.5 Mn.