This theme is evident in the report, which reflects the perspectives of more than 500 business executives – CEOs, CIOs and CFOs globally – including the Asia Pacific (25 percent).
Much of the interest in online and cloud accounting services comes from small medium sized enterprises, due to potential costs and efficiency benefits.Īccording to a recent KPMG International survey titled ‘Elevating business in the cloud', transformative uses of cloud include enabling a flexible and mobile workforce (42 percent) and improving alignment and interaction with customers, suppliers and business partners (37 percent). Increasingly, organisations around the world are using cloud technology to enact large-scale change, whether within individual business units or across the enterprise. Xero Managing Director for New Zealand and Global, Victoria Crone, said, "It is very gratifying that KPMG selected Xero to be one of its technology platform partners for their online services, confirming our belief that cloud accounting is fast becoming an important platform for both accounting firms and small businesses." He added, "The partnership further demonstrates our commitment to small businesses that form the backbone of Singapore's economy, supporting delivery of our services to this segment where technology is increasingly transforming the way business is done." It will allow us to offer professional services aligned closer to the unique needs of local enterprises and start-ups, while making enhanced reporting and other value added services available should they need it." Mr Owi Kek Hean, Deputy Managing Partner and Head of Enterprise Market Segment at KPMG in Singapore said, "We are delighted to see this partnership inked with Xero. This announcement follows on from similar strategic alliances signed by KPMG member firms in the United Kingdom and New Zealand. Services include accounts preparation, book-keeping, payroll, GST and filing of corporate tax returns. Not only will Singapore enterprises and startups enjoy select online accounting and tax services at a very affordable price to track their business performance and cash-flow online in real-time, they will also have access to business expertise from KPMG professionals, when they need it. This strategic partnership combines Xero's cloud-based accounting software with KPMG's wealth of business expertise.
KPMG in Singapore becomes the first Platinum Partner for Xero in Asia. Singapore enterprises and start-ups can now have the best of both worlds a cost-effective cloud-based accounting solution, complemented by the support of one of the world's largest professional services firm-networks for when they need it. Partnership helps local enterprise watch their bottomline, so they can watch their topline.
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