Xero evolves to fit a changing marketplace

Changing market behind new tagline

A new tagline is the beginning of Xero’s evolution from a pure accounting software supplier to a more holistic small business platform, a move, it says, is vital in a changing market.

This week Xero announced a global brand update, introducing a new tagline ‘Beautiful business’, which was tested both internally and externally before launch.

Xero global marketing director, James Kyd, said the shift from beautiful accounting software to ‘Beautiful business’ was driven by the fact Xero has evolved from being a business accounting software, to a platform for small businesses.

“When we looked at what we are delivering, the tagline was almost becoming out-of-date. We looked at what’s happening in the market and the small business economy, and we’re seeing the power of really great cloud-based accounting software paired with a community, and what that can do for businesses,” Kyd told CMO.

“This can help small business become more frictionless and efficient in how they work, and help them get on with what they need to do to grow. We realised what we do is deliver something beyond software, so what 'Beautiful business' does is talks to business, and it’s a commitment that we can do more to support small businesses. It is congruent with our brand: where it’s been and where it’s going.”

Kyd explained while the market is changing, the technology and the opportunities in what Xero can deliver are evolving with it. Xero needed a brand to reflect now, but also the potential of the future and the brand permission needed to build in this market.

Xero tested the new tagline with three core audiences, and also with its team.

“With any fund brand element it’s fundamental your people, your strongest brand advocates, understand it and are connected to it. We then worked with our community members, the partners, in particular, accountants and bookkeepers who work on our platform every day, customers and prospects, and did that testing in a number of key markets, like the US, Australia and a couple of others,” Kyd said.

“Firstly, we wanted to ensure our communities are engaged around it - made sure our staff understand it and are comfortable with it. After this, it will be pulled out into the marketplace over time in traditional channels. But our priorities are community first.

“Enabling a small business to pursue their passion and thrive is good for everyone - when small business is successful, jobs are created, economies thrive, communities prosper. 'Beautiful business’ is our promise and what we stand for in the eyes of our customers, community and our team across the globe. In two punchy and aspirational words it reflects our strategy, purpose and mission.

“The brand concept is not finished, we will evolve and learn and experiment as we move forward,” he said.

The Xero platform connects businesses to their advisors, banks, apps, enterprises and each other. Last year, Xero TV became a vital component of Xero’s marketing strategy

Follow CMO on Twitter: @CMOAustralia, take part in the CMO conversation on LinkedIn: CMO ANZ, join us on Facebook: https://www.facebook.com/CMOAustralia, or check us out on Google+:google.com/+CmoAu

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Show Comments

Blog Posts

Is customer segmentation dead?

Ginni Rometty, the CEO of IBM, announced the death of customer segmentation five years ago saying, "The shift is to go from the segment to the individual. She might have been a bit premature for most marketers, but if customer segmentation isn't dead yet, it's definitely on life support.

Richard Taylor

Senior digital strategist, Spinach

How people buy brands

Andrew Ehrenberg was a giant in the field of marketing science. He believed scientific methods could reveal law-like patterns of how people buy. In this post, I summarise one of Ehrenberg’s most important discoveries and its implications on how people buy brands.

Kyle Ross

Strategist, TRP

Is artificial intelligence riddled with bias?

The purpose of Artificial Intelligence (AI) has always been to replace the menial and repetitive tasks we do each day in every sector, so that we can concentrate on doing what we do best. Saving time and money has certainly been a decent outcome as AI infiltrates the business landscape, however, now we are starting to see problems that cause major issues in practice.

Katja Forbes

Founder and chief, sfyte

“2019 will be the year brands leverage their social capital with consumers to help drive sales, answer questions, and act on the brand’s ...

Engenius

Predictions: 9 digital marketing trends for 2019

Read more

At the deeper levels of artificial intelligence, computing machines make all kinds of correlations among whatever data is available to th...

Fraction Tech

Is artificial intelligence riddled with bias? - Customer Design - CMO Australia

Read more

https://myiplookup.com/ - find your ip address and location information in our main page. Also there are many ip tools you can use : IP L...

savefrom

iSelect outlines new approach to arrest ineffective marketing as its reports full-year results

Read more

https://myiplookup.com/ - this website will allow you to View Alexa Ranking and graph Check http headers of a website, tool to compare te...

savefrom

The Star's first CMO creates all-new marketing team

Read more

Good tips to follow. Thank you!

Anna Travis

5 things every business can do to drive brand loyalty

Read more

Latest Podcast

More podcasts

Sign in