Xero's content pack integration tool is its latest joint venture with Microsoft Power BI and went live in the United State on July 6.
The tool will deliver Xero’s more than 700,000 users access to analayse their own data based on 25 pre-built tiles. The insights will allow small businesses and their advisors to make data-driven decisions quickly.
Xero global product marketing manager Craig Little says the new tool will provide insights to businesses regardless of their budget or size.
“One of the key things about this is that typically businesses that really need this information are not able to afford to get it.
“Accountants always want to be able to provide this sort of advice so this is a great way to empower clients with the data they need to help success.”
The content pack offers enterprise-level business intelligence to small businesses, with key performance indicators such as relevant revenue vs. expenses, profit loss trend, debtor days and return on investment.
Integration with Power BI and Office 365 extends Xero’s reach to usability and allows small businesses to extend their current Microsoft investments to easily view their Xero data alongside other critical business data.
Power BI takes data from Xero and displays it in way that is easy to understand for small business owners.
Little says it is something businesses have been waiting for.
“The response so far has been good. Initial indication is that there’s a lot of interest from the accounting community.”
James Phillips, Microsoft’s corporate vice president of business applications, platform and intelligence organisation, says Xero and Microsoft are now able to give small businesses the tools they need to make big decisions.
“Microsoft Power BI enables customers to get the most out of their data by analysing live updates, giving them the ability to see what’s going on in their businesses and identify trends as they are evolving.”