Quadient integrates with Xero to automate and streamline accounting for small and medium enterprises
December 19 2023 - 11:45AM
Quadient integrates with Xero to
automate and streamline accounting for small and medium
enterprises
- Xero’s customers can take
advantage of Quadient’s intelligent Accounts Payable automation
capabilities for further efficiencies
Quadient (Euronext Paris: QDT), a leader in
helping businesses create meaningful customer connections through
digital and physical channels, and Xero, a cloud-based accounting
software for small to medium-sized enterprises, have today
announced a strategic partnership in North America and the United
Kingdom. Xero integrates with Quadient’s Accounts Payable (AP)
capabilities to fully automate and streamline accounting
processes.
Xero helps 3.95 million subscribers worldwide to
run their business accounting online and in one place. When
combined with Quadient’s AP automation solution, users benefit from
seamless synchronization of all AP processes. From receiving
invoices and purchase orders to inputting payment data, Quadient AP
eliminates the need for manual data import or export, reducing the
risk of human error, accelerating cash flow, and giving businesses
a clearer understanding of their AP status.
Combined with Xero’s proven expertise, Quadient
AP—recently named a Leader in Quadrant Knowledge Solutions' report
SPARK Matrix™ for Accounts Payable Automation—enables customers to
track and manage their finances more accurately. Data can be
automatically collected and inputted into Xero using Quadient’s
optical character recognition capability, which uses AI to
eliminate 83% of data entry. This efficiency helps to reduce the
average cost of processing an invoice from €15 to €2.
Prudence Musubi, Senior Accountant for ArcFyre
International, a joint customer of Quadient and Xero, commented:
“One thing that I love about the system is that it effectively
eliminates duplicate payments, flagging such invoices for
investigation. And I like the fact that once you code everything on
the system, it's a quick process. We can easily pull any report and
verify if the content system has captured accurately the data in
the invoices. We then know that the system is working perfectly.
The onboarding of Quadient AP with Xero was smooth, and we are
already seeing positive results from the streamlined process.”
“We are excited to welcome Xero to our growing
partner program,” said Chris Hartigan, Chief Solution Officer,
Intelligent Communication Automation at Quadient. “Quadient's
strategy is to establish partnerships with the world’s major
enterprise resource planning and accounting platforms to bring
industry-leading technology solutions to our mutual customers. By
partnering with Xero, we are expanding access of Quadient AP to
more accounting teams so they can focus on deeper, more strategic
decisioning rather than manual invoice and payment processing.”
Quadient’s API integrations enable data
accuracy, consistency, security, and regulatory compliance,
ensuring transparency and trustworthiness.
About Quadient®Quadient is the
driving force behind the world’s most meaningful customer
experiences. By focusing on three key solution areas, Intelligent
Communication Automation, Parcel Locker Solutions and Mail-Related
Solutions, Quadient helps simplify the connection between people
and what matters. Quadient supports hundreds of thousands of
customers worldwide in their quest to create relevant, personalized
connections and achieve customer experience excellence. Quadient is
listed in compartment B of Euronext Paris (QDT) and is part of the
CAC® Mid & Small and EnterNext® Tech 40 indices.
For more information about Quadient, visit
www.quadient.com.
ContactsJoe Scolaro,
QuadientGlobal Press Relations Manager+1
203-301-3673j.scolaro@quadient.com
Sandy Armstrong, Sterling KilgoreDirector of
Media &
Communications+1-630-699-8979sarmstrong@sterlingkilgore.com
- Quadient_Xero_press release_US_final
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