Xero is a cloud-based accounting software designed for small businesses, offering features like invoicing, payroll, bank reconciliation, and financial reporting. It includes Hubdoc, a data capture tool that uses Optical Character Recognition (OCR) to extract key information from photos of bills and receipts, automating data entry and syncing seamlessly with Xero for efficient bookkeeping. Hubdoc eliminates manual input by allowing users to snap a photo, upload it, and have the data organized and stored online
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Xero leverages automation to streamline tasks like transaction categorization and bank feeds. Additionally, Xero’s AI vision includes “Just Ask Xero” (JAX), a GenAI-powered assistant that enables conversational task management, such as generating invoices or providing real-time financial insights, enhancing workflow efficiency.