Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Xero Limited    XRO   NZXROE0001S2


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Xero : 1/09/2020 - Xero News September

share with twitter share with LinkedIn share with facebook
08/31/2020 | 09:04pm EDT

Xero News September 2020

The latest in product, ecosystem, partnerships and business at Xero

What we're working on


Xero is acquiring Waddle to improve access to capital for small businesses

We recently announced the acquisition of Waddle, a cloud- based invoice lending platform. Waddle helps connect small businesses to invoice finance, a form of secured lending that relies on a business's unpaid invoices. The acquisition is an important step in Xero's strategy to help our customers better manage cash flow and gain access to working capital as needed.

Founded in Australia in 2014, Waddle's lending platform service allows banks, fintechs and other lending partners to easily and quickly deliver invoice finance to small businesses that elect to share their accounting data to enable a loan.

Waddle currently has agreements with banks and lenders in the UK and Australia, and we will look to expand these

relationships with financial partners to support more small businesses. Waddle also manages a small direct-lending portfolio used primarily to refine its product development.

Waddle will remain a standalone company, however together we will jointly explore ways to expand our small business customers' access to forms of lending beyond invoice finance.

We will continue to support Xero's open ecosystem, with over 200 financial services partnerships and API connections. Xero customers can select the apps and lending products that best meet their needs.

Read more


Other Xero updates

We've made a number of other updates on the Xero platform over the past month, including:


Use data smarter in Hubspot

The latest update to the Hubspotand Xero integration provides more useful information about Xero contacts, like who has already purchased or owes money. Businesses on a Xero Premium plan can use this knowledge to inform marketing campaigns; for example, they can remove customers with overdue invoices from emails that offer discounts or promotions.

View Xero Expenses in dark mode

Xero Expenses mobile app is now available in dark mode, which is easier on the eyes and can extend the life of phone batteries. We've also updated our normal 'light mode' in the app so it aligns to the colour palettes of our other apps: Xero Projects and Xero Accounting. Dark mode was one of our most requested features from businesses.

Better layouts in report templates

We've updated the default placement of text blocks and schedules in the layout editor of report templates, so they land directly below the selected section rather than the bottom of the page. We've also added the ability to control page breaks, to help avoid pages with a single line or notes and schedules split across multiple pages.

Type or select custom dates in Xero

We've redesigned the date selector in Xero, making it easier to type in dates and select custom dates from the calendar. The new date selector features a label that shows which date selected, such as 'Last Month', 'This Quarter', or 'Custom'. We've also made sure dates are formatted correctly for our US customers (MM-DD-YY).

Find more updates here, on the Xero blog


Other Xero updates

We've made a number of other updates on the Xero platform over the past month, including:


Scottish Pacific launches ScotPac Cash Connector

ScotPac Cash Connector, an app designed to improve small business' access to funding, is now available in Xero's App Marketplace. Created by Scottish Pacific, Australia's largest non-bank lender to small businesses, the app helps unlock cash flow and access money tied up in unpaid invoices by connecting directly with the Xero platform.

Check it out

South Africa

Prepare your VAT201 return in Xero

Our new VAT201 form helps small businesses in South Africa prepare VAT returns within Xero, saving lots of time and ensuring they meet the South African Revenue Service's compliance requirements. Late claims are automatically handled, and we've also introduced a new tax rate mapping feature, which provides the ability to map tax rates to the correct fields in the VAT201 tax return.

New Zealand

Introducing Xero's Business Finance Pack

Small businesses can now quickly create a set of key financial reports needed when applying for a business loan. Available for free to our New Zealand customers on the Xero App Marketplace, the new app uses the Xero public API to pull the latest data from their accounts, giving the lender an up-to-date view of finances. The app, gives small businesses a simple and faster way to quickly pull together up to nine financial reports, which could help them apply

for funding.

Read more


Xero business update


Xero holds first fully virtual Annual General Meeting

Xero held its first fully virtual Annual General Meeting on 13 August.

Our Board and Leadership Team presented live from a number of locations to 1,000 people who tuned in. Our AGM was an opportunity for Xero shareholders to hear about how the business is performing and our strategy from David Thodey, Chair of Xero's board of directors, Xero CFO Kirsty Godfrey-Billy and CEO Steve Vamos

Watch the AGM here

Xero appoints director to lead growth in US

Hispanic market

We have appointed Jackeline Velez to Director, US Hispanic market, to support one of the fastest growing language demographics in the US small business economy. Jackeline will lead the US Hispanic team and oversee efforts in support of Hispanic small business owners in Xero communities across the United States. The team will focus on providing education materials to Hispanic accountants and bookkeepers so they can bring the benefits of cloud accounting to the Hispanic small businesses they work with.

Read more here

Jackeline Velez

We've welcomed a number of apps to the Xero app marketplace this month, including:

SAP Concur

SAP Concur, the powerful expenses platform, now seamlessly shares data with the Xero platform, helping save hours on manual data entry, increasing visibility into expenses and more.

Check it out

Investing in our partners

We've been investing in our app partner network by providing a four week marketing bootcamp, created specially for Xero app partners.

More here


This is an excerpt of the original content. To continue reading it, access the original document here.


Xero Limited published this content on 01 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 September 2020 00:04:02 UTC

share with twitter share with LinkedIn share with facebook
All news about XERO LIMITED
10/08XERO : 08/10/2020 - Xero unveils new data on the wellbeing and work-life balance..
10/08Australia, NZ shares track Wall Street higher; NZ marks record close
10/07XERO : 15/09/2020 - Xero unveils next gen practice, the new experience of accoun..
09/29XERO : 30/09/2020 - Xero partners with Beyond Blue to launch online mental healt..
09/28XERO : Appendix 3Y - Lee Hatton
09/15XERO : Appendix 3Y - Susan Peterson
09/11Australian shares end at a near 2-1/2-month low on worries about virus curbs
09/09Australia shares close over 2% lower as coronavirus cases surge in hotspot
09/08Australia shares hit five-week low on Wall Street tech rout
09/06Australia shares fall as tech weighs, Melbourne extends lockdown
More news
Sales 2021 856 M 568 M 568 M
Net income 2021 40,2 M 26,7 M 26,7 M
Net cash 2021 132 M 87,5 M 87,5 M
P/E ratio 2021 396x
Yield 2021 -
Capitalization 16 216 M 11 454 M 10 766 M
EV / Sales 2021 18,8x
EV / Sales 2022 15,8x
Nbr of Employees 3 055
Free-Float 83,9%
Duration : Period :
Xero Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends XERO LIMITED
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 13
Average target price 92,58 NZD
Last Close Price 113,79 NZD
Spread / Highest target 14,2%
Spread / Average Target -18,6%
Spread / Lowest Target -55,9%
EPS Revisions
Steven Martin Vamos Chief Executive Officer
David Ingle Thodey Chairman
Kirsty Vanora Godfrey-Billy Chief Financial Officer
Mark Rees Chief Technology Officer
Andrew Craig Winkler Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
XERO LIMITED42.24%11 452
SAP SE-19.42%136 628
SERVICENOW INC.70.77%95 864
INTUIT INC.21.71%86 467
DOCUSIGN, INC.194.36%41 141