Xero and Pinion IO win “AgTech Finance Solution of the Year” award from AgTech Breakthrough
Partnership helps farmers and agribusiness owners make more profitable choices; earns Xero second consecutive award
NEW ORLEANS, LA — August 25, 2022 – Xero, the global small business platform, has been awarded AgTech Breakthrough’s “AgTech Finance Solution of the Year” for the second year in a row, this year in partnership with Pinion IO. The award program recognizes the top companies, technologies and products in the global AgTech market today.
Xero and Pinion IO offer a more efficient way to bridge insight-rich financial and operational data, helping producers who typically struggle with cumbersome data entry and cleanup in order to ascertain the true health of their operation.
Pinion IO is an integrated suite of cloud-based software and services from Pinion, a leading food and agriculture consulting and accounting firm. The platform extracts and transmits highly standardized, information-rich client data into Xero, which functions as the accounting hub and source of truth for all Pinion client data. Xero supports the client’s accounting functions and connects to a layered tech stack, which integrates with farm management systems, inventory management solutions, and a number of applications including Bill.com for bill pay, OnPay for payroll, and PowerBI for enhanced reporting, and more.
The Pinion IO platform, connected with Xero, enables clients to remain informed by providing an outsourced back office that takes care of bookkeeping, payroll, streamlined ACH, check and bill pay solutions, real-time financial reporting, and virtual document archival. Pinion IO and Xero help provide easier access to financial insights previously unknown or only available with significant manual tracking. As a result of the cloud-based, standardized data that Pinion IO generates and stores in Xero, it becomes easier for Pinion to provide valuable consulting services to the farmers and agricultural business owners they support and serve as trusted advisors.
“Pinion IO, with Xero at its core, helps provide our clients with timely, detailed financial information,” said Matt Powell, Global Innovation Leader at Pinion. “Easy access to this information paired with the guidance from an advisor at Pinion allows our clients to gain actionable insights for operational and strategic decision making during these uncertain and ever-evolving times.”
Xero and Pinion IO were proud to accept this award, along with the Pinion team, who participated in a breakout session at Xerocon New Orleans, titled, ‘Apps and tools to extend your practice beyond core accounting’.
“Xero is thrilled to once again be named AgTech Finance Solution of the Year, this year in partnership with Pinion IO,” said Tanner Hoffman, General Manager, Small Business Growth, North America, Xero. “This joint effort is in pursuit of our mutual goal to offer farmers and agribusiness owners peace of mind, along with the data they need to succeed, in these volatile times. Our work together demonstrates the value of strategic partnerships to revolutionize farm back office accounting and data management.”
Xero is a global small business platform with 3.3 million subscribers which includes a core accounting solution, payroll, workforce management, expenses and projects. Xero also provides access to financial services, and an ecosystem of more than 1,000 connected apps and more than 300 connections to banks and other financial institutions. Through Xero’s open platform, small businesses can connect to a range of solutions that help them run their business and manage their finances. For three consecutive years (2020-2022) Xero was included in the Bloomberg Gender-Equality Index. In 2021, Xero was included in the Dow Jones Sustainability Index (DJSI), powered by the S&P Global Corporate Sustainability Assessment. Xero has been named as a FIFA Women’s Football partner under FIFA’s new commercial structure.
About AgTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the AgTech Breakthrough Awards program is devoted to honoring excellence in agricultural & food technologies, services, companies and products around the world. The AgTech Breakthrough Awards program provides a forum for public recognition around the achievements of AgTech companies and solutions in categories including farm management, indoor farming, FoodTech, automation, IoT and robotics, FoodTech, analytics and more. For more information visit AgTechBreakthrough.com.
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