Xero to acquire Syft to enhance reporting and insights capability
Following the acquisition, we plan that Syft will continue to be available as a standalone offering to small businesses and their accountants and bookkeepers – no matter who their accounting software provider is.
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We’ll also work to embed Syft’s functionality within Xero over time, to provide powerful visualisations, analytics and reporting capabilities for new and existing customers.
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Current customers love Syft for its custom reporting, visualisations, benchmarking, live analysis views with drill down, ability to consolidate across financial data sources, budgeting and forecasting, reporting automation and data quality assurance.
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I was positively impressed when I looked at Syft 2-3 years back, and this appears to be a smart move for Xero – Looking forward to seeing this enhance the platform.
