PaySauce and Xero Launch Joint Rural Initiative

PaySauce and Xero Launch Joint Rural 
Initiative 
 
Wellington, New Zealand - 19 December 2019 
 
 
Cloud software providers PaySauce (NZX: PYS) and Xero (ASX: XRO) announce Xero 
For Farming, a solution for agri employers.  
 
Xero and PaySauce have already completed a series of pilot workshops in rural 
regions, as a companion to Xero Roadshow 2019. Following the success of these 
pilots, the two SaaS platforms have established a strategic alliance to improve 
financial confidence and understanding within farming businesses. The Xero for 
Farming concept emerged in response to mounting regulatory pressure on rural 
employers to meet higher standards of compliance amidst tougher financial 
realities. The joint offering seeks to improve knowledge and resilience through 
transparent data delivery and proactive education, helping farmers become “bank 
ready” with a sharper understanding of their financial outlook. 
 
PaySauce CEO Asantha Wijeyeratne says Xero for Farming is designed to meet the 
needs of rural New Zealanders. “We’re so excited about what we can achieve with 
Xero. We’ve been hearing that rural employers feel overwhelmed and 
under-supported in 2019, and we really believe in the potential of cloud technology 
to improve on that. We’re well-placed to take some of the pressure off, easing the 
compliance burden with the mobility and flexibility of a SaaS solution.” 
 
The alliance will connect rural bankers, bookkeepers and business owners to achieve 
clarity and confidence around on-farm numbers. Cameron Anderson, Head of 
Agribusiness & Practice Strategy at Xero, says the goal is not just to deliver an 
industry-leader app stack, but to effect broader change for the farming sector. ​ ​“Agri 
employers take on so many roles and navigate so many contrasting challenges. 
We’re keen to see a shift away from the concept of the lone farmer with their 
assorted tools and consultants, and towards a cohesive farming team working 
towards the same business goals.” 
 
According to Jordan Hartley-Smith, Agri and Business Advisory Services Manager at 
Baker Tilly Staples Rodway Taranaki, an integrated Xero and PaySauce solution has 
proven to be a powerful tool for rural clients. “We see a lot of headwinds facing NZ 

farmers now... regular reporting, having a budget set and either meeting budget or 
having a coherent understanding of variances is more important than ever. Credit 
are wanting to see that level of business acumen shown in hard facts and figures. 
Providing that information to banks on a regular basis [through the app stack] gives 
them accurate visibility of your business and builds trust in you and your operation.” 
 
ABOUT PAYSAUCE 
 
PaySauce brings cloud-based compliance to business owners, helping them to pay 
and manage employees efficiently using web, iOS, and Android applications. The 
PaySauce platform includes mobile timesheets, payroll calculations, banking 
integration, PAYE filing, labour costing, automated general ledger entries and digital 
employment contracts.