Xero has introduced an expanded partnership with carbon accounting software program supplier Sumday, providing Xero prospects 12 months of free entry to Sumday’s instruments to assist observe and handle their carbon footprint.
The partnership goals to simplify the carbon accounting course of for small companies and their accounting and bookkeeping companions by offering software program, coaching, and academic sources to construct abilities in environmental reporting. Eligibility necessities and phrases apply to the supply.
In line with Xero, small and medium enterprises contribute to just about 50% of complete U.S. greenhouse fuel emissions. This collaboration with Sumday is designed to help these companies in measuring and reporting emissions extra successfully, addressing a long-standing problem in sustainability reporting.
“Small companies are the spine of our communities and we need to give them the instruments they should thrive in a altering world. Our partnership with Sumday offers entry to carbon accounting capabilities, placing highly effective instruments within the fingers of small companies so that they really feel ready and in a position to drive in the direction of a extra sustainable future,” mentioned Tam Somers, GM Sustainability and Influence at Xero.
Sumday’s CEO and Co-founder Jessica Richmond mentioned, “By making carbon accounting as routine and accessible as monetary accounting, we’re empowering small companies to account for his or her influence past {dollars} and cents. Having been a small enterprise proprietor myself, I perceive the challenges these companies face in making time to get throughout a brand new space. Our instruments are making it simple for small companies to know their influence at a excessive stage, earlier than going deeper and serving to enhance the standard of their carbon accounting. Generally small companies simply need assistance and we’ve at all times believed that accountants would play a key position in that. By this partnership with Xero, we’re placing highly effective carbon accounting instruments within the fingers of those that perceive the enterprise and need to ship auditable accounting that generates significant insights as properly.”
The supply contains the flexibility for Xero prospects to hyperlink monetary knowledge immediately from Xero into Sumday, streamlining the carbon accounting course of. Customers may even have entry to Sumday’s on-line academy to construct information in carbon accounting, and the flexibility to create profiles that assist talk sustainability knowledge effectively.
Further instruments supplied by way of the partnership embrace provide chain engagement options that permit small companies to each share emissions knowledge with purchasers and request info from suppliers. These options help companies in assembly increasing necessary emissions reporting necessities.
Accountants and bookkeepers utilizing Xero will obtain further sources and help by way of the partnership, enabling them to supply complete carbon accounting providers to purchasers.
With this integration, small companies and their advisors can achieve visibility into their full emissions provide chain and work in the direction of discount targets, whereas speaking their efforts to key stakeholders equivalent to prospects, workers, and monetary establishments.