Xero launches Connected Accounting, partners with Citibank

Initially, Connected Accounting will enable Xero’s platform to capture and automatically populate data from PDF bills to make bank reconciliation simpler. Xero Projects, a job tracking solution for small business now available to Xero’s US customers, is now connected to the platform in a way that allows businesses to combine contact, invoicing, billing, and reporting information with the rich data existing on the platform.

The Xero Projects app has also been upgraded, making it easier for workers to track project work on the go and giving business owners more control over access permissions.

Xero also announced coming upgardes to its query solution Ask and a to-be released solution for Xero HQ, Relationships, that will make it easier for businesses to maintain contacts and sync data across the Xero platform.

In addition to product announcements, Xero also shared news of a new partnership with Citibank. Via the agreement, joint Citibank-Xero customers will get access to direct bank feeds from within the Xero platform. This will give businesses real-time visibility of their finances, including cash flow and overall business performance. The deal with Citibank builds on the relationships with banks that Xero has already forged this year, including National Bank of Australia (NAB) and the Development Bank of Singapore.