This post was originally published on The FinTech Times
Xero and Anthropic have entered a multi-year partnership to integrate the Claude large language model (LLM) into the global small business platform, aiming to transform accounting from a manual process into an automated, agentic workflow.
In an exclusive intevriew with the Fintech Times, we speak to Diya Jolly, Cheif Product & Technology Officer at Xero.
This collab is a reflection of the industry shift to embedding financial tools directly into a third-party AI interface, allowing users to manage payroll, payments, and tax obligations through natural language.
The move follows a period where Xero utilised multiple models, including those from OpenAI and Gemini, to achieve a 97 per cent accuracy rate in bank reconciliations. By partnering with leading AI developers like Anthropic, Xero intends to tackle the remaining three per cent of complex financial tasks, such as split invoice payments and unstructured data sources that traditional ledgers struggle to process.
Moving Beyond Structured Data Diya Jolly, Chief Product and Technology Officer, Xero
Historically, accounting software has relied on structured data to maintain accurate ledgers. Diya Jolly, Chief Product and Technology Officer at Xero, explained that the integration with Anthropic allows the platform to reason across unstructured information. This capability enables
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