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."
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