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Accounting & Audit

Sageworks Partners with Xero for Financial Analysis and Valuation

Through the new integration, ProfitCents and Sageworks Valuation Solution users can directly access Xero data fields and customize the mapping of data, allowing them to create key performance indicators (KPIs) and ideal groupings for financial ...

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Sageworks and Xero have announced a new partnership that makes the Sageworks Valuation Solution and its ProfitCents systems a part of the Xero marketplace. The systems also integrate with the Xero accounting system, enabling accounting firms that use the ProfitCents financial analysis platform and SVS to transfer client data directly between Xero and Sageworks.

The companies say the partnership simplifies the process for accountants, business advisors and valuation professionals to create financial health reports, projections, benchmarking reports and valuation opinions for their clients. The new process eliminates manual data entry as the information from Xero is moved seamlessly into ProfitCents and SVS. Soon-to-be-released functionality from Sageworks will also allow firms to receive scheduled narrative reports on their clients’ businesses based on their Xero data. These analytics allow accounting firms to provide quickly the higher value consulting services that can deepen client relationships and create more profitable engagements. 

Through the new integration, ProfitCents and Sageworks Valuation Solution users can directly access Xero data fields and customize the mapping of data, allowing them to create key performance indicators (KPIs) and ideal groupings for financial analysis using their existing Xero account structure.

“We are excited to announce our partnership with Xero,” said Sageworks Chief Executive Officer Scott Ogle. “At Sageworks, our goal is to help our accounting firm clients become trusted advisors to the businesses they serve, and a big part of that is reducing the amount of time spent entering data so they can spend more time with their clients. Because of this, making sure our solutions integrate with accounting firms’ existing workflows and applications is critical.”