How Xero can help your business during the Covid-19 Crisis

23rd July 2020 | Uncategorised

Over the past six months, most businesses have had to adapt with their workforce based remotely from multiple locations. In the past this would have caused a problem with communications and information management, but not now.

Zoom is rapidly becoming a noun just like Google and we are all becoming used to having conversations and meetings digitally. In addition, we have all learnt how to use different software packages to ensure we can continue our roles without interruption.

Running a business is no different and it is essential that as the owner or director of a business you have access to management information immediately to allow you to make those key decisions quickly and effectively.

As a cloud-based software, Xero is accessible immediately and will ensure you and your accountant can access all your management information, including the key cash flow forecasting whenever and wherever you need.

The benefits of using this financial platform are almost endless but include:

  • Access to real-time information
  • Improved debtor days i.e. better cash flow
  • Easily produced management accounts for any loan requests
  • Ability to review profitability of all different revenue streams, enabling you to stop producing or selling unprofitable products, minimising losses.

These are just some of the key benefits, but there are many more. Managing your information is key in all areas of business, none more so than finance. To help your business work its way through the crisis Xero provides essential support not just for now but to plan for the future.

To find out how Xero can help you and your business speak to Cem.