In today’s time-starved society, convenience sells. Take Grab, for example. The ride-hailing company gained popularity when it expanded its platform to become “your everyday, everything app”, offering a variety of services ranging from food delivery and e-wallet to hotel booking and insurance.
In today’s fast-paced world, platformisation offers business owners and their advisors the advantage of swifter decision-making abilities through greater visibility and control over the operations. Having all the different functions that underpin the smooth running of a business under one roof, businesses of all sizes are able to scale at ease and identify areas for growth.
With digitalisation comes ease of access, which may raise certain fears about cyber security. Most cloud accounting platforms, like Xero, have appropriate controls in place. This means that only authorised personnel would have access to edit the invoice, and edits are tracked and automatically recorded in the system for transparency.
An integrated platform tailored for business leaders Apart from key business functions such as invoicing and payroll, stakeholders can leverage the myriad of business applications on the Xero marketplace to streamline the business process and workflow. The Xero app marketplace houses over 800 app partners to offer various business applications that can be integrated into — and synced with — your business.
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