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Partnerships matter. Xero scored its second consecutive “AgTech Finance Solution of the Year” from AgTech Breakthrough—this year partnering 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, 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.
Matt Powell, Global Innovation Leader at Pinion, says that with Xero at its core, the company helps provide its clients with timely, detailed financial information. “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’.
“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,” says Tanner Hoffman, General Manager, Small Business Growth, North America, Xero. “Our work together demonstrates the value of strategic partnerships to revolutionize farm back office accounting and data management.”
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