Xero is acquiring LOCATE inventory

Friday 12 November 2021 08:02 CET | News

New Zealand-based accounting software platform Xero has announced it is acquiring US-cloud-based inventory management provider LOCATE to augment its ecommerce capability.

The acquisition will embed LOCATE’s inventory and ecommerce features and capability within Xero to enhance Xero’s inventory management offering. This may help the company meet small business demand for inventory and cash flow management tools.

Using LOCATE’s inventory-accounting workflows, Xero’s new inventory solution will help small businesses track and manage inventory in real-time, across multiple locations and channels (including a number of Xero’s ecommerce partners) to better serve their customers and improve their financial performance. The new offering is expected to launch to US customers before being made available in other markets.

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Keywords: acquisition, SMEs, retail, ecommerce
Categories: Payments & Commerce | Payments General
Countries: New Zealand
This article is part of category

Payments & Commerce