Xero announces its most comprehensive plan for small businesses
New Ultimate plan offers tools to help small businesses manage their business and people processes
Wellington — 26 April, 2022 — Xero, the global small business platform, has announced a new comprehensive subscription plan to meet the growing needs of small businesses.
The Ultimate plan will be launched in the coming months in Australia, New Zealand and the United Kingdom, providing small business owners with the full Xero package to maximize value and efficiency, access powerful insights and help make managing their employees easier.
Complementing Xero’s three existing Business plans - Starter, Standard and Premium - Xero now offers a broader choice of plans to better suit the needs of more small businesses. The Ultimate plan includes all of Xero’s core accounting features plus tools for more complex businesses, such as advanced analytics, employee management and multi-currency.
Rachael Powell, Chief Customer Officer, Xero, said: “Small businesses globally are looking to continue to adapt to new ways of working, and more are investing in digital tools to improve and scale their business. We’re introducing the Ultimate plan to give small business owners access to Xero’s suite of tools to help manage their business and their people processes bundled in one plan.”
For employing businesses who are currently managing their team across multiple systems and spreadsheets, Xero’s Ultimate plan can help maximize efficiency by bringing employee management tools like payroll, projects and expense claims into Xero. In Australia and the UK, the Ultimate plan includes Payroll for 10 employees, Expenses and Projects for 5 employees. In New Zealand, the Ultimate plan includes Payroll, Expenses and Projects for 5 employees.
The inclusion of Xero Analytics Plus helps small businesses gain a deeper understanding of how their business is performing, and helps them plan ahead with confidence.
“The advanced cash flow and business forecasting available with Analytics Plus can help reduce some of the anxiety many small business owners face around cash flow and having to pay staff and bills each month. With Analytics Plus, small businesses can closely monitor their performance against their goals, and work with their advisor to make any adjustments to their business,” adds Powell.
The Ultimate plan will be available in late May in Australia and the UK, and late June in New Zealand.
Xero is a cloud-based accounting software platform for small businesses with over 3 million subscribers globally. Through Xero, small business owners and their advisors have access to real-time financial data any time, anywhere and on any device. Xero offers an ecosystem of over 1,000 third-party apps and 300 plus connections to banks and other financial partners. For three consecutive years (2020-2022), Xero has been included in the Bloomberg Gender-Equality Index. In 2021, Xero was included in the Dow Jones Sustainability Index (DJSI), powered by the S&P Global Corporate Sustainability Assessment and in 2020, Xero was recognized by IDC MarketScape as a leader in its worldwide SaaS and cloud-enabled small business finance and accounting applications vendor assessment.
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