Item: Xero
Rating: 9
Author: Bela Thakkar

Overall Satisfaction with Xero

Use Cases and Deployment Scope

We use Xero for daily banking activities, taking out financials report, and other reports for the financial activity. In Xero we also do the analysis related to vendor expenses and doing different analysis related to it. We are also pull-out vendor statement from the Xero to complete month end financials and other financial activity.

Pros and Cons

Pros

Bank reconciliation activity
Vendor statement reconcliation
Easy integration of Bank

Cons

Complexity in Integration of Third party
Customer support team
Limitation in customizing reports

Return on Investment

Improved financial closing activity
Auto vendor reconciliation
make the life of the the client easy

Usability

Ease of Integration

Alternatives Considered

QuickBooks Online, QuickBooks Desktop Enterprise and Sage Intacct

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?

I wasn't involved with the selection/purchase process

Did implementation of Xero go as expected?

Yes

Would you buy Xero again?

Yes

Other Software Used

QuickBooks Online, Sage Intacct, QuickBooks Desktop Enterprise

Likelihood to Recommend

Xero is well suited to small and medium size business specially with remote team due to its cloud based platform that support different financials activities. It is also benefited to service industries wich help in project tracking things and time billing features.
However Xero is less appropriate for large enterprise with complex accounting requirement.

Xero Feature Ratings

Comments

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Xero Easy accounting Platform