Posted on 29-Sep-2009 17:32.
Filed under: News
Online accounting software company Xero is extending its reach within the SME market. Since listing in June 2007, Xero has generally been available under a ‘one size fits all’ pricing plan of NZ$49 per month. But things will change and from 11th October Xero will add two new price points so that it will be available in Small, Medium and Large.
The change broadens Xero’s appeal to more customers across the SME spectrum. For instance the Large plan priced at NZ$64 per month includes sophisticated features that only some customers will need, such as multicurrency conversion for exporters and importers.
Small at NZ$29 a month will deliver all the standard features of Xero but the cost is more affordable to customers who have low levels of transactions, such as small property investors and freelancers.
“We’re delighted to get to the point where the feature set in Xero has become comparable, and in many cases exceeded, the last generation of desktop software,” says Xero CEO Rod Drury.
“With recent investment in our hosting capability we can now deliver Xero at a price point that will make Xero compelling to a further, large segment of the market - many of whom have been doing accounting manually or using spreadsheets”, he says.
The new plans will also be available in Australian, United Kingdom and Global versions of Xero at appropriate pricing for each market.