Menu
PaySauce teams with Xero as regulatory pressure builds on farmers

PaySauce teams with Xero as regulatory pressure builds on farmers

Xero for Farmers aims to help agri-employers achieve regulatory compliance

Xero and PaySauce are targeting agri employers with Xero for Farmers.

Xero and PaySauce are targeting agri employers with Xero for Farmers.

Credit: Xero

Cloud software providers PaySauce and Xero have teamed to produce Xero For Farming, a solution for agri employers.

The Xero for Farming concept emerged in response to mounting regulatory pressure on rural employers to meet higher standards of compliance amidst tougher financial realities, PaySauce told shareholders in a stock exchange announcement this morning.

The alliance will connect rural bankers, bookkeepers and business owners to achieve clarity and confidence around on-farm numbers. 

The joint offering seeks to improve knowledge and resilience through transparent data delivery and education, helping farmers become “bank ready” with a sharper understanding of their financial outlook.

The companies completed a series of pilot workshops in rural regions, as a companion to Xero Roadshow 2019. 

Now, the two SaaS platforms have established a strategic alliance to improve financial confidence and understanding within farming businesses. 

"We’ve been hearing that rural employers feel overwhelmed and under-supported in 2019, and we really believe in the potential of cloud technology to improve on that. We’re well-placed to take some of the pressure off, easing the compliance burden with the mobility and flexibility of a SaaS solution," said PaySauce CEO Asantha Wijeyeratne.

Cameron Anderson, head of agribusiness and practice strategy at Xero, said the goal is not just to deliver an industry-leading app stack, but to effect broader change. 

“Agri employers take on so many roles and navigate so many contrasting challenges," he said. 

"We’re keen to see a shift away from the concept of the lone farmer with their assorted tools and consultants, and towards a cohesive farming team working towards the same business goals.”

An integrated Xero and PaySauce solution has proven to be a powerful tool for rural clients, said Jordan Hartley-Smith, agri and business advisory services manager at Baker Tilly Staples Rodway Taranaki.

“We see a lot of headwinds facing NZ farmers now… regular reporting, having a budget set and either meeting budget or having a coherent understanding of variances is more important than ever." 

Providing that information to banks regularly through the app stack gives farmers accurate visibility of their business and builds trust, Hartley-Smith said.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags financeaccountingxeropayrollPaySauceSaaS farming

Events

Why experience is the new battleground for partners

Join us for an exclusive webinar, in association with Hewlett Packard Enterprise and Technology Services Industry Association (TSIA) and learn about the latest industry insights and how technology services continue to evolve to deliver differentiated value, and how partners can be successful in 2021 and beyond.

Featured

Slideshows

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments