MELBOURNE, Australia, Feb. 5, 2014 (GLOBE NEWSWIRE) -- Wise-Sync, developer of leading accounting integration with ConnectWise, today announced enhanced integration with xero, the global leader in online accounting software.
Wise-Sync a cloud-based service that synchronizes accounting data between ConnectWise and xero has released further capabilities to deliver support for the needs of larger organizations together with fully integrated support of US Tax codes used by ConnectWise.
"We know ConnectWise partners keep an eye out for solutions that enable and empower greater levels of efficiency and visibility into their company financials," said Arnie Bellini, CEO, ConnectWise Software. "For ConnectWise partners who have made xero their choice of accounting software, we're pleased Wise-Sync has created this enhanced integration to connect ConnectWise to xero."
"Xero is continuing a rapid growth path in the Asia Pacific region. With recent capital raising for US expansion, xero has poised itself to significantly increase US market activity. By adding support for multiple structures, business unit tracking and complex tax support, Wise-Sync is delivering the necessary capability for xero to be a best-of-breed accounting platform for ConnectWise Partners," said Paul MacNeill, Co-Founder and Managing Director at Wise-Sync. "Recently while attending the IT Nation in Orlando, Fla. it was recognised that for xero to rapidly expand its US market share the need for platform readiness with software such as ConnectWise is paramount."
New features of the integration include:
- Support for ConnectWise rolling version releases: Wise-Sync has re-authored the core to support multiple API versions, including the new ConnectWise SDK.
- US Tax Groups: Support of complex tax structures, allowing US partners to dynamically map tax groups from ConnectWise to xero tax types.
- Multi-Level (Location) GL Mapping: Larger organizations which require more detailed GL mapping, are now supported. Wise-Sync supports multiple ConnectWise GL Structures and Billing Locations, with the ability to map each to multiple xero organizations.
- Detailed Profit & Loss Reporting - GL Classes to Xero Tracking: Integration now supports the use of ConnectWise GL Classes to Xero tracking, providing partners with access to report on financial performance of business segments.
"Wise-Sync has been an early adopter of our Integration Platform, with rolling release support of our multi version API and SDK. Wise-Sync understands the ConnectWise Platform initiative around empowering ConnectWise to be extendable and customizable, embracing enhancements to our SDK and API's," said Jeannine Edwards, Director, ConnectWise Platform. "With over 80,000 users globally relying on ConnectWise as their business operating system, integration is an important strategy as ConnectWise looks to deliver even more value to our partner base. The Accounting interface is a critical integration conduit as Solution Providers look to gain more financial visibility across their organization."
"Xero is dedicated to enhancing business efficiency through a collaborative program with integration partners like Wise-Sync," said Jamie Sutherland, President, Xero US. "For ConnectWise partners that are looking to move to xero, this integration delivers superb financial visibility to their customers."
To learn more about how the new Wise-Sync integration helps partners that rely on xero, please visit http://www.wise-sync.com/xero-connectwise-us-tax-integration.
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About WiseSync
Designed by IT Service Provider Virage IT who actively uses ConnectWise and xero, Wise-Sync has been designed to deliver a best of breed platform for the transfer of accounting data from ConnectWise to xero. The Wise-Sync solution delivers a number of features designed to validate and ensure data flowing from ConnectWise to Xero is 100% accurate. Wise-Sync pride themselves on their continuous improvement focus, driving their passion to being the best ConnectWise Accounting Sync Program on the market. Wise-Sync provides integration to xero for partners of all sizes, with support for businesses ranging from 1-100 staff.
About Xero
Xero is beautiful, easy to use online accounting software for small businesses and their advisors. The company has over 210,000 paying customers in more than 100 countries around the world. Recently Xero garnered a five-star review for Software As Service from CPA Practice Advisor. The Xero US team is headquartered in San Francisco. Xero is hosted with Rackspace in Chicago.
To gain insight on how to grow your small business, visit Xero's Small Business Guides.
About ConnectWise
Designed exclusively for the IT Channel, ConnectWise is the leading business management solution for service providers, MSPs, technology consultants, integrators, and developers. Today more than 71,000 IT professionals rely on ConnectWise to achieve greater accountability, operational efficiency and profitability.