Xero and Karbon Integrate to Enhance Efficiency and Productivity for Accounting Firms

Xero, the global small business platform, has announced a new integration with Karbon, a leading accounting practice management platform. This collaboration delivers a solution designed to simplify workflows, save time, and boost productivity for accounting professionals, addressing the evolving challenges faced by modern accounting firms.

1. Addressing the Challenges of Modern Accounting Firms
   • Today’s accounting firms face increasing complexity, a growing demand for Client Advisory Services (CAS), and the need to leverage automation for greater efficiency.
   • The Xero and Karbon integration tackles these challenges by combining Xero’s cloud-based financial tools with Karbon’s collaborative, workstream-driven platform.
2. Benefits of the Integration
   • Simplified Workflows: Streamlines client relationship management, financial data handling, and practice operations, leading to more efficient processes, particularly when combined with AI.
   • More Time for Strategic Work: By automating time-consuming tasks, accountants can focus on high-value advisory services and strategic planning.
   • Modern, Cohesive Solution: The integration offers a tailored solution that meets the needs of modern firms, helping manage tasks and financial data for sustainable growth.
   • Seamless Data Synchronization: Real-time data exchange between Karbon and Xero allows for automated categorization of client, billing, and payment data, simplifying client onboarding and engagement.
3. Statements from Xero and Karbon Leadership
   • Ben Richmond, Managing Director of Americas at Xero: “This integration will help our customers work faster, allowing them to spend more time with clients, which is central to modern accounting. We’re partnering with Karbon because they share our commitment to empowering accountants to digitize their practices.”
   • Mary Delaney, CEO of Karbon: “This integration is a leap forward for firms, giving them a more efficient foundation to run and grow their businesses. Together with Xero, we’re empowering firms to focus on their clients.”
4. Impact on Existing Joint Customers
   • According to Karbon’s 2024 Firm Usage Survey, users save an average of 18.5 hours per employee per week and experience an 18% increase in employee productivity.
   • Jason Ackerman, CPA at BNA CPAs & Advisors, shared: “The integration will allow us to spend more time with clients and less on manual tasks. The two-way syncing between Xero and Karbon will give us much-needed visibility in Karbon that we didn’t have before.”
5. Looking Ahead: Continuous Innovation
   • The integration of Xero’s financial software with Karbon’s practice management capabilities creates a powerful synergy, equipping accounting firms with an integrated, efficient solution.
   • This partnership is committed to continuous innovation, aiming to enhance and simplify accounting firm operations and offer best-in-class solutions for modern accounting professionals.

The Xero and Karbon integration represents a significant step forward in empowering accounting firms to increase efficiency, automate manual tasks, and focus on delivering high-value services to clients. With both companies committed to continuous improvement, this partnership is set to enhance the competitiveness and success of accounting professionals worldwide.