Excerpt From: BoxFreeIt – 24 Feb 2014
Xero was testing an automated conversion service to convert data files from MYOB and QuickBooks when setting up a new Xero account, the company revealed at last week’s roadshows in Australia. The Xero accountants and partners would upload the file in the “Green” Xero Adviser screen and receive a notification when the converted Xero file was ready, according to screenshots of the service shown at Xero’s roadshow in Sydney last Wednesday.
The conversion service would address one of the two main impediments to switching businesses from rival programs. “Over 90 percent of people are saying we need help with this. That excites and concerns us because there is massive demand. But we’re determined to capitalise on the opportunity,” Chris Ridd, managing director for Xero Australia, told BoxFreeIT.
Two impediments stopped businesses from switching accounting platforms. The first was that business owners didn’t have time to learn a new product. Xero hoped to address this with its training webinars and online video library. The second issue was moving data from the incumbent program to Xero. The first phase of the project, to create an automated tool to help partners do conversions, had already been completed, Ridd said.