The annual Xerocon conference was recently held up in Brisbane and there were some big announcements made. Many of these related to software updates and new applications being developed but one that is very exciting for small businesses is a new initiative which has been entered into by Xero and the Australian Federal Government.
They have set up a website (www.checkyourenergyspend.com.au) which enables small business to determine whether they are paying too much for their utilities bills. This survey uses data pulled anonymously from the Xero files of small businesses. If you have any concerns about your utility costs we recommend you check out this free service.
It is also worth noting that this is just the tip of the iceberg with what Xero is planning to do. Based on the volume of data it has access to, it plans to enable users to get alerts on how their spending compares to others in the same area. This is just another example of how Xero is being proactive with their mission statement of working with and improving the performance of small businesses.