Strategic alliance with KPMG in the UK

In London this morning we’re announcing the launch of a strategic deal with KPMG, one of the Big 4 global accounting firms.

This is a significant milestone for the adoption of cloud accounting in the UK and one we expect will further accelerate our growth in the UK, the most hotly contested online accounting market globally.

KPMG London

A cornerstone of our strategy is to better equip accountants to play an important role at the cutting edge of service delivery and collaboration with small businesses in the cloud, so for one of the big guys to choose Xero’s platform upon which to build a new division for SMBs is no small endorsement.

So, what’s the big deal?

KPMG’s leadership in the UK recognised that the emergence of online accounting presented a new volume market opportunity into which its client advisory services could be channeled to create a significant new line of business for an accounting brand more commonly associated with larger businesses.

KPMG’s UK Chairman, Simon Collins commented,

“Today’s partnership further demonstrates our commitment to small and early stage businesses that form the backbone of the UK economy and its future growth,” said Collins. “Xero is an impressive software platform, supporting delivery of our services to this segment where technology is increasingly transforming the way we do business.”

In looking for a online platform partner with whom to build this new division, KPMG saw Xero stand out in a number of important dimensions.

  • Accountants are central to Xero’s strategy.
  • The new generation of online technology providers such as Xero, Vend or ReceiptBank enable accounting firms to deliver services in a way that was impossible with desktop accounting software.
  • Xero’s Single Ledger and ecosystem of 300+ Add-on solutions greatly assists with KPMG’s service delivery.
  • Xero is now the UK market leader in cloud accounting, with more customers in the UK than any other provider, notably more than the old incumbents Sage & Intuit.
Cloud accounting now at a tipping point

In winning KPMG’s endorsement we believe their move into online service delivery will be seen as something of a starting gun for the remaining 18,000 UK accounting firms that have yet to fully embrace the new online world.

The first era of online accounting adoption was largely the preserve of the smaller, arguably nimbler firms but we’re now noticing a trend towards medium sized and larger firms also picking up that the economies of online service delivery are now too good to miss out on.


robbie dellow
April 1, 2014 at 3:37 am

Congratulations to Gary and the UK team.
A fantastic endorsement from such a prominent accountancy firm.
You guys sure have an exciting time ahead.

Lawrence John
April 2, 2014 at 11:25 pm

Fantastic development, for a company demonstrating such acceleration – this is a real milestone!

Eyitayo Olabode
April 4, 2014 at 12:33 pm

Brilliant, absolutely brilliant.

April 6, 2014 at 2:09 am

Well Done! Keep up the great job. Looking forward to read the future update. Go Xero UK!

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Xero staff and partners star in the Xero Band

By Kevin Wood – Direct Sales Manager It’s been two weeks since Xerocon Melbourne and we’re loving all the great feedback that’s come through. It’s fantastic to hear what everyone loved the most. Thanks so much to everyone who attended and helped make it happen! The Xero Band rocks for the fourth year running As ...

New IDC report shows Xero is a global growth leader

Xero is the fastest growing financial applications vendor in the world according to the International Data Corporation’s new report. IDC, a world leader in technology research, recently released their annual report. They report on market sizing and share for finance and financial payroll software providers*. Not only was Xero the fastest growing financial application, it ...