Ask Gemini: What’s Currently Happening with my Finances?

Xero and Google Gemini announce an integration which allows for real-time insights to be delivered to bookkeepers and business owners. 

In the first financial management platform to integrate to Gemini, SMBs will be able to make decisions based off live financial intelligence delivered as a result of the partnership. 

JAX, the agentic platform produced by Xero, will power the connection to Gemini through the connected app. 

Akankshu Dhawan, SVP Product & Tech, Xero, speaking to Finance Chief exclusively,  notes: “For accountants and bookkeepers, this integration means getting to the numbers faster.

“Instead of switching between tabs and pulling a report, an accountant can now simply ask Gemini for a short Monday morning briefing, checking cash positions, what customers owe, and profit against the month before in minutes. 

“For small businesses preparing before a quarterly catch-up with their advisor, they can check their financial health by generating profit and loss statements and monitor their overall cash position via conversational prompts. 

“This makes it easier to spot potential cash flow pressures early and make more informed decisions before they become bigger problems. 

“They can come to the conversation seeing what’s changed and have clearer questions for their advisor around what this means and what to do next.”

Specialist finance functions 

The partnership will see an increase in speed delivered to the hands of busy finance leaders using Xero. 

At a glance, leaders will be able to monitor overall balance sheets and performance through the generation of loss and profit statements, in addition to tracking expenses and income. 

Other perks of the partnership include the ability to quickly identify overdue balances, generate draft invoice summaries, identify and follow high-revenue clients and manage recurring subscriptions. 

Soon, Xero says that users will be able to create time-based schedules and workflows for routine processes using live Xero data with the ‘tasks’ function. 

“Connecting Xero financial data into Gemini conversations helps small businesses and their accountants and bookkeepers instantly check their financial position, track cash flow and manage invoices and bills, all without breaking their workflow,” says Diya Jolly, President of Product & Technology, Xero.

“This is another major milestone as we continue to help eliminate operational friction and foster collaboration for our customers, delivering real-time financial intelligence wherever they work.” 

Currently, the integration allows capabilities that include monitoring unpaid obligations, spotlighting past-due invoices and highlighting unique vendor settlement requirements. 

Through interactive visual summaries, Gemini converts raw financial data into clear graphics, including net gain or loss charts and aged receivables breakdowns, right inside the chat interface. 

Organisation and contact management features allow teams to pull vital company records, home currency settings and contact details for clients and vendors.

Xero partners: 

Google Gemini: Partnered to integrate Xero in for small businesses, accountants and bookkeepers to access real-time financial data in a presentable and accessible format. 

Stripe: Integrated Xero directly to expedite invoice payments and automate reconciliation, aiming to improve cash-flow management and help small businesses get paid faster.

Dext: Deepened integration to automate document extraction and pre-accounting workflows, aiming to save business owners time and eliminate manual bookkeeping friction.