Story image

Xero strengthens ASB relationship with accounting deal

26 Feb 13

ASB has formed a strategic alliance with Xero, aimed at improving ASB's business online banking and Xero’s online accounting system.

Under the partnership ASB has allocated significant internal funding to develop new features that will make the connection between banking and accounting easier, hoping to demonstrate the next wave of integrated banking services.

As the partnership progresses Xero CEO Rod Drury says there will be an increase in marketing initiatives to increase end user awareness to benefit the entire Xero ecosystem.

“We have a strong relationship with ASB, who are leaders in online innovation,” Xero CEO Rod Drury told Techday.

"What we are seeing is that accounting is the service adjacent to banking and strong cycle between the two.

"This partnership represents a good opportunity to make the process much more seamless for end users."

The move follows Westpac and MYOB's link-up last June, allowing Kiwi firms to create a free website through GetOnline.co.nz. But Drury says Xero already had it's own plans in place prior to the deal.

"We've always worked with the banks and have been doing this anyways," Drury says. "What we are taking about is more than a marketing partnership - it's actually building a new collection of banking services that any online accounting provider should be able to connect to."

HPE expands AI-driven operations
HPE InfoSight extends select predictive analytics and recommendation capabilities to HPE servers, enabling smarter, self-monitoring infrastructure.
Dimension Data nabs three Cisco partner awards
Cisco announced the awards, including APJ Partner of the Year, at a global awards reception during its annual partner conference.
WatchGuard’s eight (terrifying) 2019 security predictions
The next evolution of ransomware, escalating nation-state attacks, biometric hacking, Wi-Fi protocol security, and Die Hard fiction becomes reality.
Rimini Street hits NZ shores with new subsidiary
The third-party support provider for Oracle and SAP has opened a new Auckland-based office and appointed Sean Jones as NZ senior account executive.
A roadmap to AI project success
Five keys preparation tasks, and eight implementation elements to keep in mind when developing and implementing an AI service.
'Public cloud is not a panacea' - 91% of IT leaders want hybrid
Nutanix research suggests cloud interoperability and app mobility outrank cost and security for primary hybrid cloud benefits.
GCSB's CORTEX project scoops iSANZ Award
“I believe this award is particularly significant as it is acknowledgement from our peers in the information security industry and from across the private sector."
14 milestones Workday has achieved in 2018
We look into the key achievements of business software vendor Workday this year