Google AI


Auzzi Shopping

The Times

.

YouBiz and Xero join forces to support local SMEs to go digital

  • Written by: Auzzi Shopping
  • Reducing operational costs remains top business priority among SMEs in the region
  • Both YouBiz and Xero enable better spend management and smarter, cost-effective accounting for SMEs
    SINGAPORE - Media OutReach - 7 March 2023 - YouBiz, the corporate card and finance management platform by YouTrip, announced their strategic partnership with cloud-based accounting software provider Xero today. The partnership aims to equip local businesses and startups with more capabilities to manage their corporate expenses efficiently through the integration of Xero's accounting software. Companies will also be able to lower their operating costs and build more digital-ready businesses for the future economy. This is aligned with SMEs' top business priority of reducing operational costs, as reported in the recent "2023 Business Spend Insights" white paper published by YouBiz.

    "We are excited to work with Xero to offer SMEs more resources for automation of financial processes, an area of business that many companies are laser-focused on this year. With growing inflation and rising prices, finance automation platforms with enhanced accounting capabilities will allow SMEs to cut down on operational costs significantly and redirect valuable funds and resources towards their global expansion plans," said YouTrip Co-Founder and CEO Caecilia Chu.

    YouBiz's report also revealed that 85% of SME executives do not have full, real-time visibility on company spend. Unlocking automated finance workflows through YouBiz and Xero gives business owners a better overview of their spending and effectively digitalises the management of company finances.

    Reducing costs was also a top business priority for businesses surveyed in Xero's 2023 Accounting Industry Report, which listed the implementation of business tools and technology as another key priority for companies in the year ahead.

    The partnership comes at an opportune time then, as SMEs revamp the way they operate, adopting more digital tools to monitor corporate spend and automate key accounting processes including invoicing, GST returns and bank reconciliations. Xero is also the first accounting partner to be listed on YouBiz Perks, YouBiz's resource and rewards platform that offers business owners access to exclusive deals on popular digital marketing and operational tools, as well as other business services.

    Through this integration, YouBiz users can unlock automated sync on all multi-currency accounts with Xero, reducing manual reconciliation of expenses and erroneous accounting entries. YouBiz users who are new to Xero can also enjoy 50% off on any Xero accounting plan for 6 months.

    "With Xero on board, YouBiz users will have better control and greater visibility over their business spending. And as we continue to be a valuable and reliable partner to SMEs, YouBiz will strive to forge more partnerships with digital brands and businesses that SMEs work with, to bring more returns and cost savings beneficial to companies, and aid them in their digitalisation efforts," added Caecilia.

    For more information on the partnership, please visit www.you.co/biz/xero-integration/

    Hashtag: #YouBiz #YouTrip

    The issuer is solely responsible for the content of this announcement.

    About YouBiz

    Launched in 2022, YouBiz is the leading multi-currency corporate card and spend management platform for SMEs. Built by YouTrip, a first-mover in the Southeast Asian fintech and digital payments space, YouBiz provides SMEs and startups with an easy-to-use, convenient and affordable spend management platform to power their cross-border payment needs and global expansion plans.

    Today, YouBiz is one of the fastest growing spend management fintechs and a reliable partner for SMEs as they accelerate their business growth with the best in market exchange rates, at zero FX fees.

    For more information, please visit

Today's Features at Auzzi

Why Is Buy Now Pay Later So Popular With Gen Z?

Gen Z is reshaping how the world pays for things. From fashion drops to phone upgrades, this generation increasingly reaches for buy now pay later at checkout instead of swiping a credit c...

Loose Gemstones in Melbourne: How to Choose a Stone for Custom Jewellery

A custom piece of jewellery often begins with an image in your mind: a sapphire ring in a particular shade of blue, a pendant made around a meaningful birthstone, or a gemstone you simply ...

Commercial Roller Shutters: How Adelaide Businesses Can Improve Security After Hours

Running a small business takes enough energy during opening hours. The last thing you want is to lie awake at night wondering whether your shopfront, stock and equipment are safe. Break-i...

Salt, Mould and Grime: Why Northern Beaches Homes Need Regular House Washing

Living a short stroll from the surf is one of the great perks of Northern Beaches life. From Manly and Dee Why to Collaroy, Newport and Avalon, the ocean views and sea breezes are hard to ...

Moving Furniture Into a Terrace House: Tips for Inner West Homeowners and Renters

There's a lot to love about Inner West terraces. Pressed metal ceilings, original floorboards, leafy back lanes and a café on every corner make suburbs like Newtown, Balmain and Annandale ...