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 xero unveil new cloud technology


Xero unveils new cloud technologies in AI and machine learning

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Xero has created a short-term 30-day cash flow forecasting tool to give small business owners and their accountants a better view on their financial health to help them make informed business decisions. Following Xero's acquisition of Hubdoc, it has further accelerated its machine learning capabilities. Today, Hubdoc is able to extract 70 percent of all financial documents such as receipts, invoices and bills using machine learning. It is also processing double the documents a day than this time last year. This significantly reduces the data capture time for customers, with documents being processed quicker. In Singapore, Xero has partnered OCBC to roll out bank feeds for their joint customers.