Recurly Announces Integration with Xero
Subscription management and accounting integration reduces operating complexity for subscription commerce
San Francisco, CA – July 25, 2017 – Recurly, Inc., the enterprise-grade subscription management platform, today announced an integration with Xero, a global, cloud-based accounting platform. The integration, which automatically synchronizes billing and invoice data from Recurly with Xero, streamlines financial operations and provides customers with a more complete view of recurring revenue and transactions.
“Financial and accounting processes become considerably more complex in a recurring revenue scenario,” said Dan Burkhart, CEO, Recurly. “Our Xero integration, along with our revenue recognition capabilities, help to eliminate time-consuming and error-prone manual accounting processes, providing finance professionals with more time and energy to devote to strategic responsibilities.”
Integrating subscription billing data with accounting data leads to greater accuracy and more streamlined financial operations in subscription commerce. Integrated systems also reduce time and resources spent on reconciliations and revenue recognition calculations, which increases finance and accounting teams' efficiency and productivity.
With this integration, data from Recurly is synced automatically with Xero, which then performs reconciliation calculations in real-time. Recurly's automated revenue recognition feature calculates month-end and deferred revenue balances and posts them as a journal entry in Xero. Recurly and Xero's support for multiple currencies and international operations help businesses expand globally, an important consideration as cross-border e-commerce continues to grow.
Recurly, Inc. provides an enterprise-grade subscription management platform to thousands of SaaS, media, mobile, consumer goods, productivity and publishing businesses worldwide. Businesses like AccuWeather, Sling Media, JibJab Media, Asana, HubSpot and Twitch.tv depend on Recurly's ability to cut through the complexity of subscription management to drive recurring revenue growth. Since its launch in 2010, Recurly has deployed subscription billing for thousands of companies in 32 countries, making it the most trusted pure-play provider of subscription management services. Recurly, Inc. is PCI-DSS Level 1, SAS 70 / SSAE 16 Compliant. For more information, visit https://recurly.com.