KPMG & Xero form strategic alliance for UK SMBs
31 March 2014
Accounting software company Xero Limited (XRO) has announced a strategic alliance with KPMG in the United Kingdom.
The alliance sees Xero’s online accounting platform playing a central role in the formation of a new KPMG division, which will provide select online accounting and tax services to small and medium sized enterprises using the cloud. Interested businesses will be able to sign up to the services from May 2014.
“It is very gratifying that an organisation of KPMG’s standing selected Xero to be its technology platform partner for their online services, confirming our belief that cloud accounting is fast becoming the default platform for both accounting firms and small businesses,” said Xero UK managing director, Gary Turner.
This latest alliance is part of a programme of strategic partnerships by KPMG aimed at supporting the SME sector.
“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,” commented Simon Collins, UK Chairman of KPMG. “Xero is an impressive software platform, supporting delivery of our services to this segment where technology is increasingly transforming the way we do business.”
For more information contact:
Rod Drury Gary Turner
Xero CEO Xero Managing Director, UK
+64 27 6000 007 +44 7590 560561
For media enquiries contact:
Communications Manager, Xero
+64 21 084 24623
Xero provides beautiful, easy to use online accounting software for small businesses and their advisors. The company now has over 250,000 customers in more than 100 countries around the world and is listed on the NZX and ASX. See www.xero.com
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff. The UK firm recorded a turnover of �1.8 billion in the year ended September 2013.
KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.