Rural managers are an integral part of the farm advisory team, so connecting farmers with their bank gives them the support they need to grow and better manage the volatilities of the industry.
Figured gives rural bank managers the ability to track and view customers’ financial performance in real-time, quickly evaluate risk or opportunities, and deliver decisions back to your customers efficiently and with confidence.
View the same locked-down budget that is used by both the farmer and the accountant, and easily compare actuals to budget.
Better manage the volatilities of the industry. Immediately adapt to challenges and changes in commodity prices throughout the season.
View consolidated reporting for multi-farms and eliminate inter-entity transactions to view true profitability of multi-entity organisations.
Figured syncs actual transactions with Xero which are categorised by the accountant, so you can have confidence in the accuracy of the numbers.
With access to customers’ actual farm data in Figured, you’ll view financials in real-time, and always be working with the most accurate and up to date numbers.
With easy to obtain and timely financial data, including milk payout pricing, you’ll have confidence in the accuracy of the data for more efficient credit decisions.
With a clear financial plan in place, you can easily log in and view how customer financial performance is tracking against their budget.
With a clear picture of cash position, you can present opportunities and help your customer look ahead for business growth.
Buy? Sell? Expand? Assess different opportunities quickly, see how a business may look several years ahead and push credit applications automatically into credit risk systems.
We’ve already partnered with several leading banks in New Zealand, Australia and the USA who believe in power of a connected farming team.
"Figured enables real-time financial budgeting, positioning and forecasting, and in turn, the potential for a deeper working relationship between customers, accountants and banks. Our partnership with Figured reflects the bank's broader focus on working with external technologies to add value to our business customers."
"With Figured, we can offer a platform to our customers where all parties can collaborate on a single form, and once agreed, can be locked down and uploaded directly into the bank's credit system. This will enable our customers and their advisors to make better, more accurate strategic decisions."
"We have confidence in the numbers, because there is one version of the truth, and can make much quicker, more informed, decisions collaboratively. Collaborating around a set of timely data easily, enhances the relationship within the farming team, that’s what the technology does best."
"Managing volatility is a key challenge facing farmers. This innovative system is proof that development of effective technology can help weather volatility by providing access to real time data. This in turn leads to greater confidence in decision-making and clarity in forecasting, while reducing risk and increasing on-farm productivity.”
“Today’s challenging agricultural economy requires even more attention to costs, marketing decisions, and margins – and more focus on profit. This tool is being developed for American agriculture, with standardized reporting that will give producers stronger, more relevant comparisons and better insights to improve management and profitability”
The easiest way to find out more about working with us is to drop us a message in the green bubble in the corner of your screen, or send us an email using the link below.
The Figured online Help Centre provides comprehensive resources to help you get started, as well as guidance on training and troubleshooting.