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26-11-2013, 02:45 PM
#2641
Member
Xero looks after its partners - it's part of the reason why they are where they are.
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26-11-2013, 02:45 PM
#2642
Just read that report/presentation. What a load of waffle if you ask me. (though to be fair to XRO, many company presentations are)
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26-11-2013, 02:58 PM
#2643
Originally Posted by Shore
Xero looks after its partners - it's part of the reason why they are where they are.
In summary, you give a good chunk of your business to accountants - to force your products on unwary clients - so you can get less than $0.7 revenue for every $1 that you put in - to make investors believe that your business is worth more than 4 billion dollars? Definitely not a bubble then.
Last edited by Casino; 26-11-2013 at 03:00 PM.
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26-11-2013, 03:00 PM
#2644
Originally Posted by Shore
Xero looks after its partners - it's part of the reason why they are where they are.
Also, most partners (at least the ones I deal with) pass on at least a portion of the discount to their clients. This makes it cheaper for clients to access the software as part of a suite of solutions through their accountant. Typical would be Unleashed Inventory connected to Xero with a partner CRM laid on top.
A whole bunch of solutions for a reasonable monthly cost. Beats having to use some cut down ERP or a bunch of disparate desktop packages with no effective API.
I am sure you can find something wrong with this Casino but its working well for our clients. More time on the business not in the business as the saying goes.
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26-11-2013, 03:05 PM
#2645
Originally Posted by Toasty
I am sure you can find something wrong with this Casino but its working well for our clients. More time on the business not in the business as the saying goes.
There is a lot I find wrong with it. The US margins must be tiny then because price there are so much lower?
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26-11-2013, 03:10 PM
#2646
Originally Posted by Casino
Originally Posted by Shore
Xero looks after its partners - it's part of the reason why they are where they are.
Remember that accountants also have access to the cheap cashbook range which would bring down the average cost per use. A lot of rental properties etc would be on that plan in NZ. It is the first step from shoebox/spreadsheet as it doesn't allow invoicing.
I personally signed up as an accountant so that I could get the cashbook product ($10+GST) for my two small investment companies. The cashbook product links in well with PocketRent (rentals) and Sharesight (shares).
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26-11-2013, 03:21 PM
#2647
Originally Posted by blackcap
Just read that report/presentation. What a load of waffle if you ask me. (though to be fair to XRO, many company presentations are)
I wish there was a transcript to see if any of the analysts called them on their bs. NZX should make webcasts or transcripts mandatory.
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26-11-2013, 03:26 PM
#2648
Member
So just to clarify - there's no conference that we are able to tune into?
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26-11-2013, 03:33 PM
#2649
Originally Posted by SirPrize
So just to clarify - there's no conference that we are able to tune into?
No but there is another good barometer. Drury usually tweets at least six times per day. Today: 0
https://twitter.com/roddrury
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26-11-2013, 03:40 PM
#2650
Member
Haha. What's the reading on the barometer?
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