What is Xero and how does it work?

Xero is a cloud-based accounting software platform that serves over 4.6 million subscribers globally, revolutionizing financial management for small businesses and accounting professionals. The platform provides comprehensive accounting tools including invoicing, bank reconciliation, expense tracking, and financial reporting, all accessible through any internet-connected device.

Benefits of Integrating Xero with Abacum

The Xero-Abacum integration bridges the gap between historical accounting data and forward-looking financial planning, enabling finance teams to transform from bookkeepers into strategic business partners.

• Automate financial data sync from Xero's balance sheet, profit & loss, and journal reports directly into Abacum's FP&A platform in real-time

• Eliminate manual data exports and reduce errors by maintaining a single source of truth across accounting and planning systems

• Build sophisticated forecasts using actual accounting data from Xero as the foundation for budgets, scenarios, and projections

• Create unified reporting dashboards combining historical performance from Xero with forward-looking insights from Abacum

• Enable variance analysis by automatically comparing budgets to actuals without manual reconciliation work

• Scale financial operations efficiently as your business grows without adding manual processes or disconnected spreadsheets