Innovate UK Grant Funding

Innovate UK Grant Funding for Xavier Analytics Press Release

By Helen Lloyd • January 31, 2019

Xavier & Innovate UK

Innovate In The UK

Xavier Analytics is delighted to announce we have been approved Innovate UK funding for a £380k feasibility project looking further into AI for accounting.

Xavier’s team have an ambitious goal to expand the Xavier suite of applications, which already use Machine Learning to improve financial data quality and provide data-driven insights for accountancy firms and their clients using Xero cloud accounting software. The new project will provide a unique and comprehensive benchmarking dataset and AI insights for SME’s, with the aim to reduce small business failure rates through greater preparation and understanding.

The team’s first steps will be to collect supplementary datasets in collaboration with a number of AI experts. The project is due to complete in 2020, with incremental releases and improvements to the Xavier application expected throughout the 18 month duration.

About Innovate UK

Innovate UK is the UK’s innovation agency. It works with people, companies and partner organizations to find and drive the science and technology innovations that will grow the UK economy. For further information visit innovateuk.gov.uk.

About Xavier Analytics

Xavier Analytics was founded as a collaboration between two innovative Bristol companies; FD Works, a Xero accountancy firm, and the web development agency, Hatch Apps. Xavier began as a connected application for Xero cloud accounting software, and emerged on the scene with a second place prize for Best New App (EMEA) in the 2018 Xero hackathon. Xavier was soon after accepted into SETsquared Bristol, the World's top incubator for high tech, high growth start-ups, based at the Engine Shed in the heart of Bristol.

Xavier provides accountancy firms and Xero professionals with a comprehensive toolkit of intelligent bookkeeping and compliance tools. Xavier’s AI-assisted tools identify mis-codings, track key liabilities, detect payment anomalies and quickly spot unwanted changes to historical data, saving teams time and reducing errors on a daily basis. Additional flexible reporting tools help proactive accountants make the most of data to spark the right conversations with their clients.

Xavier's AI Assisted insight, Regular Suppliers One of Xavier's Machine Learning-assisted insights, Regular Suppliers

Media contact

Helen Lloyd, Co-founder of Xavier Analytics

[email protected]

Back to blog list

Want to talk numbers?

Drop us an email at [email protected]

Have a chat on our facebook group for early adopters

If you're not quite ready to start your trial you can leave us your email
and we'll include you in our monthly newsletter so you can stay up to date on all our new features!

By submitting your email address you are consenting to receive a monthly newsletter by email from Xavier Analytics.

You can unsubscribe from this newsletter at any time in the email footer.

Your privacy is important to us. We'll never share your details with anyone.