KPMG and Xero announce "strategic" deal
A LINK-UP between KPMG and accounting software company Xero has been confirmed after the two companies agreed a partnership deal.
The move will see the firm provide Xero software to its SME clients on licence for an initial 20-month period.
Online accounting software and tax services, such as accounts, bookkeeping, payroll, VAT and corporate tax will be provided as partner deal.
The deal forms part of a programme of strategic partnerships by KPMG aimed at supporting the SME sector and follows the opening of a permanent KPMG representation in Tech City; a series of digital tie-ins including a partnership with Chelsea Apps Factory announced in January and support of the Indian Angel Network.
Xero UK managing director Gary Turner (pictured) said: “It is very gratifying that an organisation of KPMG’s standing in the market selected Xero to be its technology platform partner for their on-line services, confirming our belief that cloud accounting is fast becoming the default platform for both accounting firms and small businesses.”
KPMG UK chairman Simon Collins added: “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. Xero is an impressive software platform, supporting delivery of our services to this segment where technology is increasingly transforming the way we do business.”