From hero to Xero across the ditch

Wellington-based firm Xero has revealed Deloitte is now offering its clients the ability to migrate to the company's single leader accounting solution.

The deal, spanning Australia, is in response to growing client demand for cloud accounting solutions according to the billon-dollar business.

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

In line with Xero's growing business plan, the company'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," he says.

"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," he says.

“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.”