Modern Australian
Sunday, April 6, 2025 3:18:21 PM
The Times Real Estate

.

YouBiz and Xero join forces to support local SMEs to go digital

  • Reducing operational costs remains top business priority among SMEs in the region
  • Both YouBiz and Xero enable better spend management and smarter, cost-effective accounting for SMEs
    SINGAPORE - Media OutReach - 7 March 2023 - YouBiz, the corporate card and finance management platform by YouTrip, announced their strategic partnership with cloud-based accounting software provider Xero today. The partnership aims to equip local businesses and startups with more capabilities to manage their corporate expenses efficiently through the integration of Xero's accounting software. Companies will also be able to lower their operating costs and build more digital-ready businesses for the future economy. This is aligned with SMEs' top business priority of reducing operational costs, as reported in the recent "2023 Business Spend Insights" white paper published by YouBiz.

    "We are excited to work with Xero to offer SMEs more resources for automation of financial processes, an area of business that many companies are laser-focused on this year. With growing inflation and rising prices, finance automation platforms with enhanced accounting capabilities will allow SMEs to cut down on operational costs significantly and redirect valuable funds and resources towards their global expansion plans," said YouTrip Co-Founder and CEO Caecilia Chu.

    YouBiz's report also revealed that 85% of SME executives do not have full, real-time visibility on company spend. Unlocking automated finance workflows through YouBiz and Xero gives business owners a better overview of their spending and effectively digitalises the management of company finances.

    Reducing costs was also a top business priority for businesses surveyed in Xero's 2023 Accounting Industry Report, which listed the implementation of business tools and technology as another key priority for companies in the year ahead.

    The partnership comes at an opportune time then, as SMEs revamp the way they operate, adopting more digital tools to monitor corporate spend and automate key accounting processes including invoicing, GST returns and bank reconciliations. Xero is also the first accounting partner to be listed on YouBiz Perks, YouBiz's resource and rewards platform that offers business owners access to exclusive deals on popular digital marketing and operational tools, as well as other business services.

    Through this integration, YouBiz users can unlock automated sync on all multi-currency accounts with Xero, reducing manual reconciliation of expenses and erroneous accounting entries. YouBiz users who are new to Xero can also enjoy 50% off on any Xero accounting plan for 6 months.

    "With Xero on board, YouBiz users will have better control and greater visibility over their business spending. And as we continue to be a valuable and reliable partner to SMEs, YouBiz will strive to forge more partnerships with digital brands and businesses that SMEs work with, to bring more returns and cost savings beneficial to companies, and aid them in their digitalisation efforts," added Caecilia.

    For more information on the partnership, please visit www.you.co/biz/xero-integration/

    Hashtag: #YouBiz #YouTrip

    The issuer is solely responsible for the content of this announcement.

    About YouBiz

    Launched in 2022, YouBiz is the leading multi-currency corporate card and spend management platform for SMEs. Built by YouTrip, a first-mover in the Southeast Asian fintech and digital payments space, YouBiz provides SMEs and startups with an easy-to-use, convenient and affordable spend management platform to power their cross-border payment needs and global expansion plans.

    Today, YouBiz is one of the fastest growing spend management fintechs and a reliable partner for SMEs as they accelerate their business growth with the best in market exchange rates, at zero FX fees.

    For more information, please visit

A Fast Charging Power Bank and Wireless Power Bank: The Future of Power Bank Technology

As the use of mobile devices grows, so does the demand for better, more efficient, faster, and more imaginative methods to power them. Previously re...

How to Extend the Lifespan of Your Power Bank: An Overview

Power banks are vital for ensuring your devices are powered while on the go, especially when on the move, outdoors, or during emergencies. They prov...

What is a Power Bank and How To Choose One

In a world filled with gadgets running out of battery is a real issue. This is where power banks can come in useful. They're portable, they hold pow...

Portable Chargers: How They Work & Essential Tips to Extend Battery Life

Portable chargers (also known as power banks) are essential accessories that keep your devices powered up while on the go — be it outdoor activiti...

How Artificial Tulip Displays Enhance Your Home’s Aesthetic

Artificial tulip displays have grown to be a common option for improving interior decor because of their exquisite look and long-lasting quality. Th...

The Psychology of Relationships: How Therapy Can Strengthen Bonds

Relationships require effort, understanding and communication. Couples and individuals can have better relationships with the assistance of therap...

Taking It Up a Notch: How 12.5kg Dumbbells Fit Into Progressive Overload Training

Photo by Jason Grant on Unsplash When it comes to getting stronger, more sculpted, and better conditioned, one principle reigns supreme in the worl...

Behind the Bowl: What Makes Premium Dog Food Worth the Price Tag?

Photo by Ayla Verschueren on Unsplash When it comes to feeding our four-legged companions, the pet food aisle can be a maze of options—bags promi...

Davines Sustainable Haircare: Revolutionizing Eco-Friendly Beauty Solutions

Davines is a well-known brand in the world of haircare, known for its high-quality products that deliver exceptional results. Its commitment to sust...

The Role of CDNs in Enhancing Headless CMS Performance and Reliability

A headless CMS provides businesses with the ultimate freedom for content management and output possibilities across any number of channels. However...

Finding the Right Dentist in Perth for Your Dental Implants: A Complete Guide

Missing teeth can significantly impact your quality of life, affecting everything from your ability to eat and speak to your self-confidence. Dental...

Fix These 5 Technical SEO Issues Hurting Your Perth Business Rankings

Perth businesses face unique challenges when competing for visibility in local search results.  While many business owners focus on content creati...

How a Professional Bookkeeper Can Help Your Small Business

Running a small business in Australia comes with many responsibilities, from managing day-to-day operations to ensuring compliance with tax and fina...

How Pre-Employment Drug Testing Can Improve Your Company’s Culture

When it comes to curating a thriving workplace, culture is everything. It is the glue holding teams together, the driving force behind productivity...

How To Find Comfortable And Stylish Armchairs Online

Shopping online can be tricky, particularly when it comes to buying furniture. All homeowners, including you, want an armchair that is stylish and c...

Rope Rescue Training Explained: Techniques, Tools & Skills

Rope rescue training is critical for emergency responders, industrial workers, and anyone who operates in high-risk environments. Whether you're a fir...

The Different Career Paths in a Law Firm: From Clerk to Partner

The legal profession offers a structured yet diverse career path, with opportunities ranging from entry-level positions to esteemed leadership roles...

The Importance of Exercise for People with Disabilities: Adaptive Workouts

Exercise is a fundamental part of maintaining physical and mental wellbeing, and this holds true for people of all abilities. For individuals with d...