If so can you Elaborate? > 자유게시판

E.g. maybe it just requires an add-on to the Expense Claim module to allow expenses to be pulled out of a personal credit-card statement, what is control cable etc… Again if we were a private company we’d be positioning for a take out. RD - I’ve done a few angel investments and do have other shares in private companies. Smaller companies we track have fairly thin offerings because it take time to write a full accounting package and they have much smaller teams. We have been able to raise enough cash, our winning of webby awards last year and this year show we can write world class software, the near 1000 accounting partners show traction in the industry as well as customer and revenue growth. RD - Yes. In this coming year. We have some big features coming for annual accounts and reporting over the next few months.I was concerned that people would think that we were losing focus on doing Xero Personal. Having tripled revenues and reached over 17,000 customers is fantastic.

SI - As a user of accounting products why would a consumer choose yours over your competitors? SI - Who is your favourite New Zealand business mentors/leader/s and why? I think this is because accounting is quite sticky once you commit and by the time we count a customer they have trialled the software and running their business on it. SI - What percentage of customer churn do you have and is it above or below sector standard? Reader Question -Does Xero have any future plans of going into any other fields of cloud computing beyond accounting or personal finance? SI -Are your customers new to accounting software or do they come from competitors products? SI - Your competitors take an interest in copy done on Xero -I know this because they all read what I have to write about your company - with this in mind how have you responded to your competition and have you found the MYOBs, Quickens, Sages and SAPs of this world are taking you seriously as a competitor? Xero has now exceeded 10,000 paying customers, which amounts to ten-fold growth since March 2008. Crossing this threshold two years after the IPO (read the 2007 Xero Prospectus for detail) is a significant milestone and positions Xero as one of the leading online accounting software providers in the world.

The incumbants haven’t launched a competitive product yet (and we’re 3 years in). We’re also worried about ensuring that broadband investment takes place which is why we are such advocates. Share Investor - What was the primary reason you decided to found Xero and why list on the NZX when the money raised was only comparatively small and could have been found privately? We could not have raised that in a VC round in NZ. RD - We have trialled a number of sales models in each territory as we worked out the best approach for each market. The approach to market that has worked in NZ we are now rolling out in the UK and Australia and that is looking good but there’s much more to do. In the late 1980s to early 1990s Rod worked primarily for Ernst & Young, as well as spending several years working on telecommunication billing systems both in New Zealand and the USA. SI - How many customers do you expect to have in five years and an estimate of revenue and profit projections for those customers? But at some stage we have to address our lack of liquidity which may provide other reasons to diversify the shareholding.

SI - How big is your shareholding in Xero and how important to you is it that you and other Xero directors have a financial interest in the company as an added incentive to do better? RD - Not in the short term, we haven’t conquered the English speaking markets yet, but we have designed the platform for other languages in the future. My only concern is that they do not divide their focus between two very different markets. SI - What are you doing to contain costs considering the current economic environment and the focus by other businesses on this important factor? RD -I’ve already commented on Stock but a big focus of the product right now is accountant features so we become the tool they recommend. SI - Do you think the Xero stock price accurately reflects the value of the company at present or do you think there is alot of expectation built into the share price? Most questions are from me but some have been submitted by Share Investor readers. In addition to the funding requirements we also knew that for people to entrust us with their financial data and long term viability we had to have credibility and being listed on the NZX.