Cloud-Accounting Provider Xero Enters Strategic Partnership With BILL
By Stuart Condie
SYDNEY--Australia-listed accounting-software provider Xero entered a strategic partnership with financial-platform developer BILL that will allow its customers to make bill payments in the U.S.
Xero on Thursday said that BILL would be embedded in its U.S. platform so that users can manage, approve and pay bills. BILL has more than 470,000 small- and medium-sized businesses using its automation solution, Xero added.
"Our partnership with BILL further strengthens Xero's U.S. offering and illustrates our commitment to delivering a winning solution for our customers and driving deeper customer engagement," Chief Executive Sukhinder Singh Cassidy said.
New Zealand-based Xero also reiterated its fiscal 2024 guidance for operating expenses to be about 75% of operating revenue. Its operating income margin will expand on that seen in fiscal 2023, it added.
Write to Stuart Condie at stuart.condie@wsj.com
(END) Dow Jones Newswires
February 28, 2024 16:56 ET (21:56 GMT)
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