For SMEs competing in the global marketplace and working with suppliers and clients all around the world, a smooth, integrated digital transactional process, from invoice generation right through to payment, is something of a Holy Grail – a serious asset but hard to find! Our customers have waxed lyrical about the prospect of being able to view accounts, reconcile transactions and pay suppliers at the click of a mouse – and at WorldFirst, when our customers want something, we listen.
We’re already revolutionising global finance and FX with our cost-effective rates and transparent pricing. Now we’ve taken the next step towards streamlining the transactional process for our customers by integrating with world-leading online accounting software provider, Xero.
What is Xero?
At its core, Xero is a cloud accounting software platform that helps small businesses around the world to transform their business transactions by simplifying their accounting and enabling collaboration with experienced accountants and bookkeepers. In the UK, Xero is growing at an impressive rate of 48% year-on-year and already boasts 500,000 customers across a breadth of sectors. Of it’s 1.8 million global users, approximately 15-20% have multi-currency requirements.
One of the most useful features of Xero is its ability to digitise and consolidate your finances from start to finish, enabling you to check your accounts in real-time at any time from one place – even on your phone. Currently, over 100 banks worldwide have bank feeds to Xero, it’s no surprise that bank feeds are the most popular and widely-used feature within Xero – they’re the second most requested functionality from WorldFirst customers too.
And, as we said, we listen to our customers – so from today, WorldFirst customers can connect Xero to their WorldFirst currency accounts. The new Xero Bank Feeds feature provides the ability to connect to your World Account in real-time. Wherever you are in the world, you’ll be able to check your accounts, pay suppliers and seamlessly reconcile currency accounts transactions to your Xero account. This is the first step in our commitment to delivering seamless payment and collection services for our customers.
Xero problems, more solutions
So, what are the specific benefits of WorldFirst’s integration with Xero for your business? Let’s take a look.
– Sync in seconds
All you have to do is connect your Xero account in real-time from your World Account platform – it’s completely free to do. You can choose the currency accounts that you want to sync with Xero providing a daily feed of your currency account transactions to Xero.
– Instant access to your accounts
Wherever you are in the world and whatever time zone you’re in, from London to Latvia, you can send invoices, create expense claims and reconcile transactions at the click of a button. It’s business management on the move!
– It’s happening now!
You can log in on your PC, Mac, tablet or even your phone and watch Xero import and categorise your bank transactions in real-time and check your WorldFirst bank balance in Xero. There’s no waiting around – your finances are always up to date, wherever you are in the world.
You asked, we listened
You’ve probably already got the message that we care a lot about what our customers think and want, but did you know that all of our innovations and developments are customer-driven? Earlier this year, we ran a customer outreach survey and discovered that Xero was one of the most requested features. We’re delighted to have been able to deliver this functionality, helping businesses like yours to access bigger and better financial services and, of course, to grow. That’s our ultimate goal, to help our customers achieve the success that they deserve.
Why wait? Connect now
It’s free to connect your World Account to Xero. Get started today and access a more streamlined and stress-free future.