Quadient Join Hands with Xero To Automate Accounting For Enterprises By CIOTechOutlook Team

Quadient Join Hands with Xero To Automate Accounting For Enterprises

CIOTechOutlook Team | Wednesday, 20 December 2023, 05:44 IST

Quadient, a pioneer in assisting businesses in creating meaningful customer interactions through digital and physical channels, and Xero, a cloud-based accounting software for small and medium-sized businesses, announced a strategic alliance in North America and the United Kingdom today. To fully automate and streamline accounting procedures, Xero interacts with Quadient's Accounts Payable (AP) features.

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, as per businesswire

Quadient AP—recently awarded a Leader in Quadrant Knowledge Solutions' report SPARK MatrixTM for Accounts Payable Automation—enables users to track and manage their finances more accurately when combined with Xero's proven knowledge. Data may be captured and entered into Xero automatically utilizing Quadient's optical character recognition technology, which leverages AI to reduce 83% of data entry.

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.”