Cloud technology is transforming the way we do business. In the past few years, companies across the globe have been switching to cloud computing as a way to reduce costs and improve key business processes. A real game changer was cloud accounting software. By moving to a digital platform, companies have been able to streamline their financial procedures, save money and create a paperless environment. Xero is one of the most popular cloud accounting solutions on the market, with more than two million subscribers worldwide. As well as standout features, such as real-time reporting and unlimited users, Xero offers a long list of apps and add-ons that integrate seamlessly with its accounting tools. In this article we take a closer look at Xero app integrations and discover what they can do for your business.What Are Xero App Integrations and How Do They Work?Traditionally, companies have employed different software solutions to perform specific functions, such as payroll, CRM and credit control. With the advent of cloud computing, more and more businesses are using app integration to centralise their operations. Application (or app) integration allows you to bring all your business processes together in a single, homogenous network. That means data is shared over multiple platforms and whenever new information is entered into your system it is distributed automatically across all your connected apps. By synchronising business-critical operations, you can save yourself time and money, reduce human error and ensure consistency across the entire organisation.How Can Xero App Integrations Help My Company?When you switch to Xero accounting software, you’ll have access to over 700 different apps and add-ons, providing automated solutions for everything from payroll to HR. By integrating your systems and procedures, you can free up valuable resources and improve productivity. Here are a few ways in which Xero app integrations can help your business thrive:
Transferring files – Moving from traditional accountancy software to a cloud-based system can help you cut costs, reduce admin and improve accuracy. But transferring data from legacy systems can be a daunting prospect. You’ll find a number of simple solutions in the Xero App Marketplace that can help you transfer your files quickly and easily. Apps like Movemybooks enable you to convert historical accounting data from platforms such as QuickBooks, Sage and Excel.
Credit control – One of the biggest headaches for any company is chasing outstanding payments. The process can be difficult and time consuming, involving numerous phone calls and email reminders. The Xero App Marketplace offers a number of automated solutions that will do the job for you. Apps like Chaser will send out reminders to your clients automatically, helping you get invoices paid on time with zero hassle.
HR and compliance – Everyday tasks such as scheduling shifts, logging working hours and keeping track of attendance can eat up valuable time and resources. The Xero App Marketplace offers a number of software solutions to help you streamline your day-to-day procedures and keep on top of things like HR, compliance and payroll. Apps like Deputy can make running your business easier, reducing admin, providing real-time performance insights, and helping you organise your staff more effectively.
Financial planning – Financial planning is key to the success of any enterprise, big or small. It can help you assess the current state of your business, identify potential funding issues and set realistic goals and objectives. Without sound financial planning, you may struggle to secure investment and loans and find it harder to win new business. The Xero app store offers a suite of software solutions to help you plan for the future. Apps such as Futrli can generate live financial predictions, combining outstanding invoices with your profit and loss balance sheet to provide up-to-the-minute reports.