The company said it is looking to boost its profile and increase its market share in the UK as part of its new strategy of acting globally instead of being a US-led operation.
The company also revealed it is set to launch a product called Business Desk which will see the company move into the lower-end software market for the first time.
It is expected the rollout will be June or July next year. A spokesman said: ‘The products will be sold through our reseller channel and will be aimed at companies with 25 to 50 staff. Our aim is to create a wider presence in this market but our strategy has not yet been completed.
‘At the moment we don’t talk to accountants. We will be deciding next year whether this will change and believe the product will be a creditable alternative to what is currently available in the market. However we will not lose our focus in the mid-market.’
Barclays has partnered with accounting software company Xero to provide businesses with access to transaction data through its direct feed.
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont
Xero unveiled its expanded global partner programme at Xerocon South, the accounting technology conference in Australasia
Accountancy software firm Sage has been hit by a data breach which may have compromised the personal details and bank account details of as many as 300 UK businesses