Expense reporting software provider Expensify and cloud accounting company Xero announced a global strategic partnership to improve integration.

One of the first U.S.-headquartered technology companies to integrate with Xero after Xero’s U.S. launch, Expensify’s improved integration includes auto-matching transactions directly into Xero bank accounts, eliminating manual reconciliation. Expensify also added purchase tax support for any tax rate supported by Xero.

“Xero has been a fantastic partner to Expensify,” stated David Barrett, founder and CEO of Expensify. “We’re excited to be recognized by Xero not only as a valuable add-on solution, but also as a global strategic partner. Our companies have already seen the benefits of working together when approaching top accounting firms, so cementing this strategic partnership will ensure that our mutual customers receive top-notch service coupled with best-in-breed automation.”

The partnership was announced at Expensify’s user summit ExpensiCon.

“Small and medium business is the next big category,” stated Xero CEO Rod Drury. “The cloud allows this vast but fragmented market to finally be addressed. This market is seeing seamless collaboration from the next generation software companies like Expensify and Xero, working together to deliver integrated experiences that are rewiring the small business economy globally.”

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