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Deloitte offers Xero in Australia

XERO_Deloitte_2013_low_credit_Mark_Gambino-1913

Great news in Australia today – Deloitte is offering its clients the ability to migrate to Xero.

Photo from a meeting today in Melbourne shows (from L-R) Gavin Fernandes – Xero Key Accounts Manager , Ben Shields – Deloitte Partner, Chris Ridd – Xero Managing Director, David Hill – Deloittte National Managing Partner, Rod Drury – Xero CEO.

Here’s the announcement as posted to the NZX and ASX:

MARKET RELEASE

Deloitte offers Xero to clients for small business accounting

19 April 2013

Online accounting software provider Xero Limited (XRO) is pleased to announce that in Australia professional services firm Deloitte, in response to growing client demand for cloud accounting solutions, is now offering its clients the ability to migrate to Xero’s single ledger accounting solution.

Based on current client demand for cloud-based accounting solutions, Deloitte expect that by the end of its financial year approximately 2,000 ledgers will have been migrated to Xero’s platform alone.

For clients wishing to move to the cloud, single ledger accounting solutions provide business owners with real-time visibility of their financial performance and position.

Xero’s Australian Managing Director, Chris Ridd, says Deloitte’s decision signals Xero’s growing stature in the Australian financial marketplace.

“We are excited to be working with Deloitte who are well known for their technology leadership. Deloitte has strong reach in the private and family business market, which gives us the opportunity to expand our 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.”

 

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9 comments

Gayle Buchanan
19 April 2013 #

Nice work … Go the Kiwis!

Mike Porter
19 April 2013 #

Fantastic news.
Is this the first of the big 4 in Australia to offer Xero?
Do they offer it to clients, or actively recommend, do they recommend AR myob where appropriate eg is this one of a number of ‘accredited products’, or are they taking a xero first approach ?
Did the NZ Deloitte relationship help, or simply local client demand – just wondering about the benefits as you go globalize…
Kudos to Australian team.

Martyn Dominy
19 April 2013 #

This is an interesting position from Deloitte Private offering a cloud accounting package. via Xero. Where does it leave the cloud accounting platform Deloittes built a number of years ago. They have had that in production for a number of years and traditionally only offered to their private client base.

sophia
19 April 2013 #

nice work! fantastic news!

Steven Thomas
20 April 2013 #

Finally a major accounting firm has seen the light and gone with Xero .

Justin
22 April 2013 #

I would be interested to know the criteria that Deloitte go through in determining the 2000 ledgers they are migrating across? Do they work through their entire client base and determine a good fit for Xero and their clients? 2000 across Australia seems light, or is this a starting point…

Chris Ridd
22 April 2013 #

Xero’s progress in the Australian market in the past 12 months has been quite spectacular (219% growth YoY) and one that has been carefully observed right across the accounting industry, from small to very large practices. Not surprisingly, Xero is now being offered by a number of the larger accounting firms, but this latest development with Deloitte is certainly the first joint announcement we have made with a Big 4 accounting firm. This is an initiative that was driven with the local Deloitte team in Australia and is great validation of Xero’s pure cloud platform based on the Single Ledger concept. It is a very exciting opportunity for both parties and we look forward to assisting Deloitte Private clients enjoy the benefits of moving to a pure cloud-based accounting system.

Jeremy O’Hanlon
29 April 2013 #

A great proof point for other big accounting firms considering Xero globally. This will no doubt open a range of new doors as Xero takes another step towards mass market adoption and world domination. Great work Kiwi.

iTrustax
11 December 2013 #

An excellent evidence point for other big bookkeeping companies considering Xero worldwide. This will no question start a range of new gates as Xero takes another step towards shop bought adopting and world control. Excellent work Kiwi fruit.

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