The beauty of this system is that it makes it very difficult for an unauthorised person to crack the code. It’s similar to the bank system of using a token to generate a unique code. The code changes every 30 seconds and is specific to the user.
Step one is the user name and password, step two is the use of code generated by a Google app that resides on the users smart phone. Xero offers protection through the use of a second step during logging in.
With Cloud based software, there are steps that may be taken to reduce the risk of unauthorised people gaining access to sensitive data. Increased Security with Two Factor Authentication Increased Security with Two Factor Authentication.Lark's appointment accompanied Xero's latest trading update, in which it records further strong growth in subscription revenues, up 85 per cent to $52 million for the half year to September 30 and monthly committed subscriptions at $11 million, meaning annualised revenues are now running at $132.3 million, up 87 per cent on a year ago.īoth announcements come three weeks after Xero announced the surprise resignation of the recently appointed chief executive for its US operation, Peter Karpas, and a string of broker reports questioning Xero's ability to crack the US market, where it is up against incumbent accounting software provider Intuit. The appointment comes as it moves to strengthen its push into the vital US market and confirms it expects a net loss for the six months to September 30 of $25 million and 80 per cent subscription revenue growth this financial year. Photo / Natalie SladeĬloud accounting software firm Xero has snared Andy Lark, an expatriate New Zealander with a stand-out global career, to be its new chief marketing officer.
Andy Lark has an impressive track record with major companies.
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