Xero to acquire and integrate Syft Analytics

Xero has announced that it will acquire Syft Analytics by the end of this year and will begin integrating Syft into its subscription offering, as it has with Hub Doc, Xero Analytics and Xero Payroll. Xero aims to enhance its own analytics and reporting capabilities.

Since most of our clients use Xero, it would be timely to consider whether using Syft will be of benefit to you.

Syft provides the ability to create more diverse custom reports, linkages between Syft, Xero, and excel spreadsheets, and analytic tools across your data to highlight trends and anomalies.

If you think there would be a benefit to you for increased and enhanced reporting and analytical analysis, let’s look at whether Syft will be of value for you. Also note that if you aren’t using Xero, it may still be useful as Syft is and will remain as a stand alone offering for small businesses regardless of the accounting method they use.