What small business did when everyone stayed home

▤ Summary

Customers got stranded in their homes and, before long, it was reported that more than half of their spend (58%) was taking place online. Besides enabling them to work from anywhere, this will give them better visibility of their finances and allow them to apply quickly for government aid, if needed. The tools have existed for a long time, with cloud solutions for things like document creation, email, meetings, accounting, inventory management, and more. Xero subscribers with at least one other business app suffered 12% less revenue loss through the global pandemic. The report is based on the experiences of our 2.45 million users, plus surveys with small business owners and customers in 180 countries.

▦ Linked Companies

Xero

$1B+