Item: Xero
Rating: 10
Author: Vuyile Mthethwa

Use Cases and Deployment Scope

Xero answers business problems by giving small businesses a better, cheaper way to manage their finances. Xero is an online accounting system that handles many businesses' accounting needs and assists with some financial planning as well. We use it to manage the books for Nyambose Corporation.

Return on Investment

Better management of your Accounting benefits ROI
Better management of your Accounting benefits tax matters, which benefit how much you can claim back from tax IRS/SARS, which benefits your bottom line/Profit

Alternatives Considered

FreshBooks and QuickBooks Commerce (formerly TradeGecko)

Seamless integration with all accounts, much more user-friendly, I chose Xero because of these 2 factors.

Usability

I have [had] a good experience with it [handling] my business's accounting.

Cloud Costs

Without having to incur the expense of maintaining our own infrastructure, Xero's hosted environment has saved us money on infrastructure costs that we would otherwise be spending on the upkeep of hardware, software, and the time for our IT staff to make those machines run reliably.

Ease of Integration

Took me less than 30 minutes to connect all relevant information.

Key Insights

Do you think Xero delivers good value for the price?

Yes

Are you happy with Xero's feature set?

Yes

Did Xero live up to sales and marketing promises?

Yes

Did implementation of Xero go as expected?

Yes

Would you buy Xero again?

Yes

Other Software Used

QuickBooks Online, FreshBooks, Sage Intacct

Likelihood to Recommend

Scenario 1: Xero is used for a variety of cases based on real-life experiences, including accounting for complex organizations, financial budgeting, invoice automation, and business insights for social enterprises. Scenario 2: A bookkeeper still handling books manually and without infrastructure, this would not work for you.

Founder/CEO

Overall Satisfaction with Xero