Xero is expanding its AI-driven financial superagent, JAX, aimed at automating tasks and providing actionable insights for small businesses and accountants. Built on Xero’s agentic platform, JAX streamlines operations by automating workflows, learning specific processes, and delivering valuable insights for enhanced decision-making. Diya Jolly, Xero’s Chief Product and Technology Officer, stated that JAX represents a future-focused evolution in small business accounting, empowering users to prioritize growth and strategic decisions by handling repetitive tasks.
JAX offers a unified user experience, adapting to each business’s operational needs and replacing multiple tools. Key features include automating tasks like bank reconciliations and improving data accuracy. Collaborating with OpenAI, JAX also provides proactive recommendations, integrating deep web research for better financial insights. With 73% of users engaging AI features and increasing demand for AI solutions, Xero anticipates growth in automation and efficiency in accounting practices.
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