Vend and Xero first integrated in 2010 and already share thousands of customers worldwide.
Under the agreement, both companies will pursue a range of product updates and joint marketing activities, to deliver the most advanced end-to-end solution for small business retailers.
"Some 30 per cent of Vend customers in NZ and Australia already connect to Xero, and we want to accelerate this growth in other markets too, such as the UK and USA," says Alex Fala, CEO, Vend, in a statement.
"We've been working hard with Xero to develop a truly innovative offering for retailers, one that makes it easy to take advantage of the benefits of moving business operations into the cloud."
"We don't think of software as creating a solution but as an ecosystem that makes everyone's business better," says Rod Drury, CEO, Xero.
"Partnering with Vend helps us deliver on that vision. Integrated cloud apps are the future for businesses and with cloud accelerating globally, it's an exciting time in the industry."
Vend provides point-of-sale, inventory and customer management for retail, while Xero is in accounting and payroll software.
Sales, customer and cash-flow data is shared in real-time between the two systems, which reduces the overheads and administration required to run a small business. Improvements to the design and layout of the system mean it is now easier for a retailer to navigate between Vend and Xero.
Recently, Vend launched a number of industry-leading updates to the integration including tracking of stock margins (cost-of-goods), which allows business owners to make better decisions on how to increase cash-flow and profitability.
"Vend have put a lot into developing their integration with Xero," says Will McTavish, CEO of Xero partner Link Solutions. "It makes retail easy. In my humble opinion, it's the most advanced integration in the Xero ecosystem and the benefits of using it are huge."
Both companies are also partners in Apple's Mobility Partner Program.
Xero: eGST makes filing GST returns easier
In another development, Xero has announced their customers can now file their GST returns in Xero and send them straight through to Inland Revenue electronically.
Xero's been working closely with Inland Revenue and 1,400 Xero customers to trial this serviceover the last few months and help simplify the taxation system by incorporating the current GST filing process in Xero.
When provisional tax is filed, a Xero customer can select their provisional tax method and click 'File Now' where they will be prompted for their myIR login. No double entry of their Inland Revenue number or other information is required because Xero eGST will populate it automatically.
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