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These servers have historically delivered best in class 99.97% uptime. Xero software and data files reside on the cloud servers behind the best available security systems. SaaS means the software is not installed on the customer’s computer – it exists on cloud-based servers and is accessed by users via the internet. The Software-as-a-Service (Saas) format sets it apart from the rest of the accounting software packages on the market.
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Since then it has grown into a worldwide direct competitor – steadily taking over pieces of market share of other leading Software Companies.
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The Company Xero is based in New Zealand and it was started in 2006 as a cloud-based accounting software for small and medium sized businesses. Clouds based accounting software was inevitable and now it is here for any size of business from Xero. One of the most recent developments in computing is “the cloud” where data files and software are stored in secure servers and accessed via the internet. The differences are in the target customers for the software and the extra functions and features included. Features are added as programmers come up with new ideas and business owners ask for new functions.Īll the small business accounting software offerings deliver the basic accounting functions effectively. User interfaces evolve as users interact with developers to suggest improvements. Each software vendor strives to take an increasing portion of the accounting software market. The competition among software developers provides businesses with an amazing array of features. Since the power of computing arose to replace armies of pen and paper accountants, the benefits of accounting software have expanded at an extreme rate. An introduction to Online Cloud based Accounting Software: