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The best-practices awards recognized Xero as the Asia-Pacific SME Accounting Software Vendor of the Year by the global research and consulting firm Frost & Sullivan in 2021
FREMONT, CA: Leading Xero Gold Partner and Xero Certified Advisor specializing in the retail and eCommerce industries are anticipating growth exponentially over the next three years. The company's outstanding rise in client numbers and usage in the region has been increased by orders of magnitude over the previous financial year. Capacity-building programs are being implemented throughout the region, and the organization is collaborating with governments on these issues. The best-practices awards recognized Xero as the Asia-Pacific SME Accounting Software Vendor of the Year by the global research and consulting firm Frost & Sullivan in 2021. To help the future generation of accountants, programs are being developed in Singapore to launch Advisor certification in collaboration with the Asia Cloud Computing Association (ACCA). As a result of the rising demand for cloud computing among SMEs, the Southeast Asian cloud computing market revenue is expected to touch USD40.32 billion by 2025.
CALTRiX is one of 577 Coach n Grow grant alumni from the Ministry of Finance's Cradle Grant and Proficeo's public-private collaboration. The demand for cloud accounting solutions is undeniable and hence, by the end of the fiscal year 2023, the company expects to triple their sales revenue. Xero's H1 FY22 performance reflects the product and market acceptance reaching 23 percent year on year to USD505.7 million.
The goal of the Digital First Program is to enhance cloud computing adoption in the public sector while also lowering physical document storage and encouraging a paperless culture. Millions of dollars have been provided to the SME Digitization Grant Scheme and the Automation Grant. Another USD 550 million was used to assist automation and modernizing operations. One of the exciting Xero features is e-invoicing, a new B2B feature in which invoices are not only generated but also paid in the cloud, and invoices are distributed intuitively from client to supplier software. For SMEs, this means speedier payments, which is a crucial element for maintaining healthy cash flows.