Xero has outlined a series of AI-driven additions to its agentic platform, JAX, aimed at easing bookkeeping and automating routine financial processes for businesses and accounting practices.
Announced at Xerocon London, the company said JAX can read source documents and automatically pull key information directly into the Xero platform.
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It added that a new Auto Bank Reconciliation function, powered by JAX, is designed to cut down manual bookkeeping by matching transactions to bank feeds automatically and in real time.
Xero plans to shortly introduce a “document chasing” feature, where JAX identifies transactions that lack supporting receipts and flags them for follow-up.
The company is also extending its UK tax and compliance tools.
In addition to existing services such as partnership tax, incorporated accounts production and Making Tax Digital for income tax, Xero plans to add corporation tax capabilities directly into its platform later this year.
Alongside the JAX updates, Xero has rolled out new native features and third-party integrations intended to link Xero data securely with external apps and tools, with the goal of simplifying operations and turning multiple disconnected tasks into automated workflows.
Xero stated that it is shifting its direction by introducing Xero Ultra, which delivers enterprise-grade financial management and reporting capabilities.
The company also highlighted enhancements to Xero Payments, which it said is already helping customers improve month-end cash flow.
New JAX features are intended to further automate payments, with the system analysing a customer’s payment history and setting up tailored collection plans automatically.
According to Xero, JAX will screen every bill prior to payment, flagging items such as unusual amounts, amended bank information or new suppliers, helping to detect anomalies that might escape manual checks.
The company said JAX can also build preventative measures; for example, recommending delays to non-essential bills, safeguarding payroll and helping to cover any remaining shortfalls.
At the event, Xero noted that it now serves five million customers globally.
Xero chief product and technology officer Diya Jolly said: “With the power of JAX, we are streamlining complex workflows and turning insights into immediate action so small businesses and their advisors can focus on what matters most.”
In March this year, Xero signed a multi‑year agreement to link its platform with Anthropic’s Claude AI.
