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Xero, the global small business platform, today announced a partnership with leading compliance management and AI-powered paper-to-data software provider BGL Corporate Solutions to introduce a new workpapers solution exclusively for Xero accounting and bookkeeping partners.
This will allow the direct import of client bookkeeping data from Xero, reducing manual entry through the automation of data flows, helping partners to save time in finalising client accounts, preparing tax returns and financial statements.
“Weʼve listened to feedback from our accounting and bookkeeping partners and this partnership is an exciting opportunity to combine Xeroʼs robust accounting and tax features with BGLʼs leading compliance expertise. Our accounting and bookkeeping partners will have a workpapers solution that will simplify how they manage their compliance workflows,” says Angad Soin, Xeroʼs Managing Director, Australia and New Zealand and Global Chief Strategy Officer. “Deeply integrated with Xeroʼs platform, this solution will make preparation, review and completion of workpapers seamless all in one platform, which will mean less manual work, fewer errors and a faster turnaround time on client jobs.”
The new workpapers solution will be integrated into Xeroʼs compliance and practice tools in the coming months, offering connectivity with Xero subscriptions, Xero Tax, reporting, as well as client records and staff permission management from practice tools.
BGL is a leading provider of company compliance, self-managed superannuation fund, investment management, identity verification and Al powered paper-to-data software solutions for accounting and financial services.
“As a Xero ecosystem app partner since 2018, BGL is well positioned to launch this new workpapers solution with Xero,” said Daniel Tramontana, BGLʼs Chief Executive Officer.
“Together, we will develop a workpapers solution that will accommodate the diverse needs of accounting practices of all sizes to minimise manual data entry, and generate efficiencies in completing client accounts and preparing tax returns.”
Xero accounting and bookkeeping partners in Australia will have the opportunity to gain early access to the new workpapers solution in the coming months for feedback, with an initial product launch to follow, and subsequent release for practices in New Zealand and the UK.
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