Xero Partners With Hearst's Manilla to Provide Small Business Owners With Accurate Bill Reconciliation and Financial Clarity

NEW YORK, NY and SAN FRANCISCO, CA--(Marketwired - Jan 29, 2014) - Manilla, the leading, free and secure digital mailbox service that allows users to manage their bills and other accounts on desktop, tablet and mobile devices, today announced a development partnership and integration with Xero, the global leader in online accounting software. The product integration will allow self-employed individuals and small businesses (SMBs) to seamlessly and accurately reconcile bills and finances, eliminating the risk of mixing personal and business accounts and providing a 360-degree view into their complete financial spectrum.

Traditional desktop software for business and personal expense management can create confusion and give SMB owners an elevated risk of financial mismatches. Together, Xero and Manilla allow users to access and manage both their personal and professional lives all in one place, anytime, anywhere.

"We're excited to be partnering with Manilla, a company that shares the same disruptive values as Xero," said Jamie Sutherland, president, Xero U.S. "By combining key aspects of Xero and Manilla, we're giving our users a streamlined and precise bill reconciliation experience in the cloud, freeing them from outdated desktop software. SMB owners have long been looking for a solution to easily sort their personal and professional finances, and we're thrilled to provide them with an answer."

"It's critical for SMBs to separate business and personal finances," said Tom Compere, manager, Client Accounting Services at RBZ, LLP and Xero XPAC member. "This integration brings an incredibly simple solution for small businesses and their accountants, all while using the cloud solutions we know and love, and that help us to stay in good financial shape year round."

Manilla users will now be able to choose which of their linked bills and other provider accounts should be connected to Xero. Xero will then automatically aggregate the data for those accounts and suggest which bill payments should be reconciled with each corresponding bank and credit card transaction. The product integration will also allow Xero users to access their business account documents directly through Xero by automatically retrieving the full documents from Manilla.

"Manilla's core promise has always been to simplify and organize people's lives, and our partnership with Xero enhances that promise," said Manilla CEO Jim Schinella. "For accountants and SMBs who are already using Xero for financial account management, this product integration will truly improve the way they manage their business and personal finances. It will make it more robust, more efficient and simply better."

About Manilla
Manilla organizes and simplifies people's lives by providing one secure access point to all household accounts and services. The free digital mailbox service helps consumers manage their mail and household accounts, including financial and brokerage, utility, travel, entertainment, subscription and healthcare accounts all through Manilla.com. Consumers can also use all of the Manilla features on the go by using Manilla's 4+ star customer-rated Android and iOS mobile apps. Under a single password, Manilla gives customers an automated, organized view of all of their account information, text and email reminders to pay bills, renew expiring subscriptions, and manage soon-to-expire daily deals, all with unlimited storage and seamless document retrieval.

Manilla is a company incubated within and backed by Hearst Corporation. Manilla is the recipient of the Webby Award and People's Voice Award for Best Banking/Bill Pay Service and was chosen as one of 10 best financial apps of 2014 by CNBC, as one of Google Play's Editors' Choice Picks in 2014, as a top service on Kiplinger's Personal Finance's 2013 Best of Everything List, and as one of Money Magazine's "Top Money Apps." For more information, please visit www.manilla.com.

About Xero
Xero is beautiful, easy to use online accounting software for small businesses and their advisors. The company has over 211,000 paying customers in more than 100 countries around the world. Recently Xero garnered a five-star review for Software As Service from CPA Practice Advisor. The Xero US team is headquartered in San Francisco. Xero is hosted with Rackspace in Chicago.

To gain insight on how to grow your small business, visit Xero's Small Business Guides.