Business Tracking Tool LivePlan Now Compatible with Online Accounting Tool Xero

Eugene, OR

Palo Alto Software’s small business planning and tracking tool now provides context for Xero accounting information

Eugene, Ore. January 22, 2014

Users of Palo Alto Software’s online business planning and performance tracking tool, LivePlan, can now import accounting data from Xero’s online accounting software to allow business owners to better plan and track their business’ key financials from a single platform.

LivePlan helps small business owners easily develop budgets and forecasts, create business plans and then track their progress. Entrepreneurs now have the ability to import financial information from Xero’s cloud-based accounting software directly into LivePlan to easily track their actual results compared to their budget and forecast. LivePlan is also compatible with QuickBooks desktop accounting data.

“Xero is fast becoming a popular and successful cloud accounting tool, and by integrating with LivePlan, we offer Xero users the ability to better plan and track their business’ financials,” said Sabrina Parsons, CEO of Palo Alto Software. “Simply relying on the accounting data alone isn’t enough. Business owners need to create a budget, and sales forecast, thereby setting goals. They can then manage against those goals with their actual accounting data with the LivePlan Scoreboard. ”

Creating a manageable plan, budget and forecast is crucial to business success. In fact, businesses that plan ahead grow 30 percent faster according to a Cranfield University study. Xero offers business owners the crucial accounting data they need to do this, but LivePlan helps them use the information to stay on track, and make critical business decisions.

"LivePlan is part of a new breed of cloud services that helps business owners better understand the meaning behind their financials,” said Jamie Sutherland, President of Xero's US business. “We’re excited that LivePlan now integrates with Xero, as we believe the organization offers exceptional tools for planning ahead, setting goals, and tracking key financial metrics.”

LivePlan users are able to access their accounts at any time or location with internet access. The tool imports Xero data automatically, and will use the information to complete pre-selected calculations and display results in an easily digestible format. LivePlan is available for $19.95 a month or $139.95 annually.

For more information:
Palo Alto Software media contact
Sarah Dietze
312-241-1471
sarah.dietze(at)walkersands(dot)com

Xero media contact:
Bill Bode
(415) 963-4174 x49
Xero(at)highwirepr(dot)com   

About Palo Alto Software
Palo Alto Software, Inc. (http://www.paloalto.com), makers of the #1 selling business planning software in the world, develops and publishes tools, products, and content to help small and mid-sized businesses pitch, plan, manage, and grow their ventures. LivePlan, the company’s flagship product, is a SaaS (software as a service) solution for business planning and financial management. Palo Alto Software has been the market leader in its category for over 15 years, has served well over 2 million entrepreneurs, and has customers in 180 countries. It was founded in 1988 by business planning expert Tim Berry. Sabrina Parsons has been the company’s CEO since 2007. Parsons successfully expanded its service offering into the cloud with LivePlan. Palo Alto Software is a privately-owned corporation based in Eugene, Oregon.

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.