Xero reports increased revenue of $114.9m
Xero (ASX: XRO) has posted an operating revenue of $114.9 million for the year ended 31 March 2015, an increase from $62.2 million in 2014.
Xero (ASX: XRO) has posted an operating revenue of $114.9 million for the year ended 31 March 2015, an increase from $62.2 million in 2014.
Franchise group Jim’s Group is rolling out financial/accounting software from MYOB to its Australian franchisees to help them balance the books and remove the need for paper invoices.
MYOB on Monday reported record revenue of $140 million for the first half of 2014, up 21 per cent on the previous half, on the back of strong demand for cloud-based accounting software.
The pace by which SMBs adopted the Cloud in 2012 was surprising, according to Xero Australia managing director, Chris Ridd, who said adoption was much quicker than originally anticipated.
Sydney-based startup Interactive Accounting has taken accounting to the Cloud. The organisation has been around for two years and has Australian customers in the retail, travel and medical industries.
'Cloud computing has brought to small businesses a dizzying array of business applications that were previously unaffordable or non-existent. The number of ways to extend accounting software is nearly limitless. However, business owners need to be very aware that just because it is possible to connect together multiple applications to support their operations, it may not be the most effective or efficient approach. In this paper you will learn the hidden costs of working with multiple applications and discover the benefits of ERP for your small business.