Farming is a volatile business, full of variables. No two days are the same, yet daily events on the farm have an impact on the bottom line, which is why Figured is designed to give you full visibility of a farm’s financial position, and the ability to easily update the financial plan with input from experts and advisors.
There has been much talk in the accounting sector of the shift from compliance task accounting (broadly, completing the year end return) through to added value ‘advisory’ accounting services. This is a story that has been well told by Xero and other cloud apps like ourselves at Figured. We know that technology is driving this through the displacement of repeatable tasks. The efficiencies come from bank feeds, automated budget reconciliation, integrations and report generation.
This month the focus for us has been on the Irish market, with the launch of ifac’s FarmPro service. So to continue that theme, this week we sat down for a chat with one of the farmers currently working with the FarmPro advisory team, William McCullagh, to discuss his operation, the FarmPro service, and how it is helping him.
As we continue to grow Figured’s network of partners and customers globally, we’re delighted to announce that we will now be transitioning away from working with a distributor of our product to bringing Figured directly to a variety of new customers and partners in the important and vibrant agriculture industry, establishing a pathway for growth in the world's biggest agri economy.
It feels like an age ago when we launched Figured in London, alongside Xero and a collection of leading partners. Like any two year old, we’ve grown up fast and even with a few tumbles are getting a much clearer sense of our role and fit in this market. The last two years have seen major changes to the product, our team has grown, we’ve entered Ireland (and started testing the South African market...) and generally enjoyed building out great partnerships with innovation focused accountingfalse
In partnership with ifac and Bank of Ireland, we are thrilled to announce the launch of Figured to the Irish farming community. Today's launch sees ifac and Bank of Ireland utilise Figured to improve the financial management of over 3,000 dairy farmers. Figured, utilising our platform partner Xero, is the platform that will support ifac taking a radically improved planning and advisory service to the Irish market.
Oscar van Der Spruit is one of Figured UK’s early users, and as well as running his own business, he also works alongside his son running a Dairy farm in the west of Scotland. We recently sat down for a chat with Oscar to discuss Covid-19's impact on agriculture, the importance of planning, and agritech adoption.
We’re thrilled to announce the signing of a partnership agreement which will see Figured form the basis of the technology stack which RSM will take to its Agri clients across its more than 26 offices nationwide.