Xero has reported it had 2,741,000 subscribers when the year ended March 31, an increase of 20 percent over fiscal 2020. However, pace of growth was dampened a bit as the 456,000 net subscriber additions for the year was down 2 percent from 467,000 net additions last year.

Avalara has released Avalara Content Generation for POS, which delivers tax information to POS systems. The sales tax software company says the application helps with calculations at the point of sale by updating tax content, along with rates and rules changes.

Vertex rode a 42-percent increase in cloud-based sales to a first-quarter 10.1-percent rise in revenue for the first quarter ended March 31. The indirect sales tax company also reported net income of $1.3 million for the most recently ended period,,compared to a loss of slightly more than $32 million a year earlier.