Dropbox and Xero have launched the integration of Dropbox for Business with Xero's Tax product in an attempt to remove the administrative burden of sharing files and folders for small businesses, accountants, and bookkeepers.
The integration of the two products will mean registered agents using Xero Tax will have the option to connect their Dropbox for Business account, and use it for document storage within Xero Tax. Tax agents will also be able to view signed copies of tax returns, letters and agreements, invoices and receipts within Dropbox via the Xero Tax interface. Client folders will also automatically populate exactly as they are seen in Xero.
The integration of Xero Tax with Dropbox for Business will be available to Australian users in September.
The announcement comes after Dropbox and Xero announced a partnership in June, when they said that the pair will be revealing new features throughout the year.
Xero Australia managing director Chris Ridd said the partnership with Dropbox further enhances the company's position in the cloud market.
"Cloud accounting has already immensely improved the way that small businesses, accountants and bookkeepers manage finances, particularly at tax time. Our partnership with Dropbox will only improve this further, allowing the thousands of small businesses that use Xero in Australia to share and collaborate on their tax files with their tax agents, quickly, easily and efficiently," he said.
Earlier this year, Xero secured NZ$147 million in funding from Accel Partners and Matrix Capital Management to assist the firm to grow its footprint in the United States and United Kingdom.
Dropbox Australia and New Zealand country manager Charlie Wood said the aim of the partnership is to help time poor businesses get work done.
"Our partnership with Xero and the integration of Dropbox for Business with Xero Tax is just one way that Dropbox and Xero are helping small businesses stress less and do more, with a seamless and more collaborative way to manage the workflows associated with tax time," he said.
In March, Dropbox introduced badge and commenting to Dropbox for Business as a further enticement to get business users on the platform. The platform was launched in April 2013, with the company boasting that it has over 300 million users worldwide, with around 70 percent outside of North America.