Xero is for Small Businesses only? Think again, Large Businesses in Dubai can also benefit from Xero when paired with other Cloud based Apps
Xero is mainly known for being an easy-to-use and powerful small business accounting software serving businesses such as cafes and other retail outlets but did you know that it can also power larger businesses? Xero, when paired with other cloud-based apps, is just as effective for large businesses based in Dubai as it is for small businesses. Examples of such industries which could scale with Xero are large consulting, engineering, and construction firms. These types of organizations are more people-centric as they rely on the expertise of their employees to generate business. Some of the challenges these firms face are managing their internal talent as they need to plan, know-how staff is spending their time, where they will be located, and where they have capacity.
Many of these firms are bidding on future projects and therefore the risk of underbidding on jobs can be quite high if they do not know how their internal resources are allocated. Xero along with cloud-based third-party apps with features such as time tracking, project management, and resource allocation can help such firms. This combination can also create an enterprise-level ERP with up to the date information for all projects at a fraction of the cost. This is especially crucial for firms managing multiple projects in multiple locations which creates a lot of information to be managed. Other examples of companies that could scale into big businesses using Xero and other Cloud-based third-party apps are the retail and the F&B (food and beverage) sectors. Most of these types of businesses have large chains of outlets that could use a cloud-based epos and/or inventory system which seamlessly integrates with Xero. In this model, multiple Xero accounts would be used and an additional cloud-based third-party app can then be used to consolidate all of the outlets for group reporting purposes in real-time.
A final point to mention is that Xero has an open API (application programming interface), which means that your options can almost be limitless when seeking to integrate with other enterprise software. For example, if you’re a business that has very bespoke industry-related software, an approved independent Xero developer can easily create a link that can transfer data between Xero and the bespoke software.
Fast-growing businesses need accounting software and systems which can grow with them. Changing the technology stack of a company during a rapidly growing period is a challenging task - the costs are high, and the resources are limited.
Xero and other modern cloud apps effectively provide a modular ERP solution for these organizations. This gives even the largest SMEs a clear picture of what’s happening across the business, so they can make good decisions based on accurate information.
If you would like to know more about Xero or would like to take up our discounted implementation offer, submit your contact details here and one of our consultants will be in touch.
This article is an extract from the Xero website and is written in general terms and therefore cannot be relied on to cover specific situations; application of the principles set out will depend upon the particular circumstances involved and we recommend that you obtain professional advice before acting or refraining from acting on any of its contents.