At its inaugural Investor Day, global small business platform, Xero, unveiled its AI vision which the business says has the potential to reimagine accounting and improve the lives of small businesses. This included previewing ‘Just Ask Xero’ – Xero’s new GenAI-powered smart business companion for small businesses and their advisors – that will help them complete accounting-related tasks and provide deep insights to enable them to run their business better.
Xero outlined its approach to improve how small businesses and advisors can manage their accounting by integrating AI into business-facing tasks to automate them, help improve efficiency and empower them with better insights to run their businesses. Xero is doing this by:
- Introducing conversational interfaces on the apps and surfaces (i.e. mobile, email and WhatsApp) where Xero customers need support
- Automating and streamlining important but repetitive and time-consuming accounting tasks
- Delivering the right insights at the right time