Security concerns are natural when it comes to finances and cloud-hosted solutions. However, with Xero’s cloud accounting software and the assistance of Flow’s team of cloud accounting experts, any worries are misplaced. Here are just a few reasons why:
Accessing Xero with two-factor authentication
Two-factor authentication (2FA) is a technology that determines a user’s identification through the combination of two different components: something the user has and knows. For example, when you withdraw money, you use a bank card (something you have) and a personal identification number (something you know).
With an expected release date of the end of 2015, Xero’s 2FA ensures your account can only be accessed by you. The initial release is expected to give account holders the option to enable and disable 2FA in a way that is appropriate to their organisation.
Direct Xero to Xero links with customers
Did you know that Xero generates a unique token (known as a network key) for every account? If your clients are also Xero users, you can exchange your network key with theirs to send invoices and bills directly from your Xero to their Xero. This means no more paperwork and no more ‘lost invoice’ excuses – just secure Xero to Xero invoicing!
Securing your financial data with Flow
Online security can be complicated. If you don’t know where to begin with your account’s security, Flow’s team of expert cloud accountants are here to make sure your data is safe and sound. Whether you need help with two-factor authentication or you’re not sure how to utilise network keys, we’ll be by your side at every step.