Latest partnership to offer multidisciplinary accounting firms single source of
truth in the cloud.
Reckon has inked a new distribution agreement with Xeppo, a privately owned software data connector by Adelaide-based Opex Consulting. The strategic partnership will offer larger multidisciplinary accounting firms a single source of truth in the cloud, enabling 360 access to their multiple client databases in one view. Reckon currently works with three of the big four as well as 70 of the top 100 accounting firms in Australia.
As part of the move, Reckon will become a distributor of two key solutions from Xeppo, adding the company’s cloud integration engine and CRM (customer relationship management) tool to its Reckon APS suite.
At its core, Xeppo brings the capability to pull and consolidate data from different teams within the accounting practice – from wealth management and mortgage broking, to self-managed super fund (SMSF) – into a single platform. Prior to this, accounting firms have had to manually retrieve the required data from various sources.
The partnership will go a long way in creating value for both multidisciplinary accounting firms and their clients.
For firms, they can now enjoy one complete view of all client data sitting in the cloud. In turn, this will enable them to cross-reference databases across practices to identify additional revenue streams, promote add-on services and track sales opportunities.
From an individual client perspective, the addition of Xeppo solutions will allow them to
have a total view of their financial information within a single platform, including tax returns, investments and SMSF balance.
“Multidisciplinary firms are finding it a challenge to integrate databases from different practices due to disparate systems”
said Sam Allert, Group Managing Director for Reckon Australia & New Zealand.
“Xeppo will be particularly relevant for our customers from larger integrated practices, who have been asking for a solution to connect their accounting systems with other key databases within a cloud-based environment for some time now.”
“The distribution agreement provides an immediate capability that not only complements our existing product suite and strengthens our cloudification strategy, but also accelerates cloud migration for accounting firms. We are confident this will further reinforce Reckon APS as the premium Practice Management software provider for Accountants,” he added.
Paul Campbell, Managing Director of Xeppo said, “This is a great endorsement for Xeppo as it demonstrates how our product can value add other core systems within a practice. We
are excited by the opportunities this now provides for both companies to leverage Xeppo to
streamline data management and integrated CRM, all in a cloud environment.”
“As part of the agreement, Reckon will be putting their sales, consulting, technical and support capabilities behind Xeppo. This arrangement does not affect our product independence and we will continue to connect to systems that are relevant to our clients,” he added.