Australia among ‘world leaders’ in adoption of cloud accounting

Xero CEO Steve Vamos said Australia and New Zealand are “world leaders” in adopting cloud accounting.

He said the collaboration between Xero, its partners, the financial services industry and government has meant the adoption environment in Australia is “well ahead” of the rest of the world.

“When you look at how many small businesses there are around the world and how many are actually taking advantage of this technology, you see huge potential for growth,” he told Sky News Australia.