PaySpace, provider of online payroll and human capital management (HCM) software, has announced its integration with Xero, a global cloud-based accounting software company.
Founded in New Zealand, Xero is one of the fastest growing Software as a Service companies worldwide. It has over 700 000 subscribers, works with over 16 000 accounting and bookkeeping firms and employs over 1 400 people across 20 of international offices.
PaySpace currently provides services to more than 4 100 companies in over 37 countries in Africa and 10 countries in Europe. PaySpace’s partnership with Xero will afford users the option to map the chart of accounts data from Xero into PaySpace when configuring their setup. This kind of mapping streamlines the data flow and increases efficiency as users are no longer required to input account numbers manually, thereby eradicating any potential for human error.
Users will also be able to publish general ledgers directly from PaySpace into the corresponding ledger in Xero. This functionality removes the need for downloading any files, eliminating any security concerns of files lying around on personal laptops and speeds up the publishing of general ledgers with real-time results.
“To be able to integrate with an International organisation like Xero who are not only likeminded thinkers, but are passionate about cloud-based solutions and products, brings significant growth opportunity for ourselves and Xero across the continent and beyond,” says Clyde van Wyk, PaySpace Director and lead on the project.
“With our level of African-based client expansion and benchmark successes in HCM, plus Xero’s intelligent cloud-based accounting solutions, managing and running a company from anywhere in the world, off any device and at any time, will be how we will help shift the way people do business.”
“Having PaySpace join Xero’s Add-On Marketplace will empower and support small business customers who want a seamless experience when it comes to managing payroll,” says Gary Turner, Xero co-founder and managing director for Xero in the Europe, Middle East and Africa region.
