Business
Xero buys Planday: Accounting software firms biggest ever deal creates four growth options – The Australian Financial Review
Xero’s $285 million acquisition of a Danish rostering platform is about making its ecosystem for SMEs even stickier.
Planday is a cloud-based tool that lets SMEs manage their labour force, including scheduling shifts, communicating with staff, planning leave, tracking time and attendance, and managing compliance issues.
Vamos says when you combine this tool with an accounting product such as Xero you get a package that lets SME owners have more control over labour costs, which are typically an employers biggest expense.
It will likely take some time before Xero investors know whether they have got value for money…
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