By Dina Veljanovska
Figured uniquely integrates financial data with a vast array of farm production data in an easy to access cloud platform, in order to make our customers’ lives simpler, easier and frictionless.
That’s why we are so excited to announce that Figured and Trev are building an integration that will improve the lives of livestock and dairy farmers across NZ, by allowing for accurate and real-time livestock data transfer between the two platforms.
The importance of Figured’s integrations is that they allow for the automated transfer of data between our platform and another, in order to speed up the farm management process and avoid double entry of data, ultimately connecting the entire process onto a single platform.
Trev is your trusty farm reporting software, allowing you to record on-farm data and events in an accurate and timely manner (it takes just 10 minutes per week!). You can then monitor farm performance, benchmark and compare farms at a hub, region or company-wide level. You can involve your supervisors and administrators by exporting your data for financial and strategic decision making.
By integrating with Trev, we’re allowing for this data to carry through into the Figured platform, creating a faster and more efficient process of livestock data management. Ultimately, we are removing double entry pain points, data discrepancies, and combining our data for amplified value.
What Trev and Figured can do for you
Removal of double entry pain points
By allowing automated transfer of data between the two platforms, this removes the need for users to enter data twice into disparate platforms. So you don’t need to be asking the question of “if my livestock data is already entered here, then why do I need to enter it again over there?” This is an important value driver for many and is a simple time-saving solution to farm management.
Removing data discrepancies
This can occur where data might exist in two or more places and not be consistent across these different platforms. We know this is a key issue for livestock data and livestock reconciliations where farmers might have numbers as at the end of year in their financial accounts, numbers in their financial reporting software, numbers in their animal herd genetic database (e.g. MINDA), numbers in their farm reporting system (whether paper, excel, Trev or somewhere else) and these might all be different to each other and different to the “actual” number of animals on the farm.
Trev is best placed to capture accurate livestock data because of weekly reporting cadence, a process that includes rules to promote data accuracy by truthing livestock with other data points and thirdly, the people that are reporting in Trev are typically the closest to the livestock activities and best position to generate the right numbers.
If actual livestock data and Trev are in sync, Trev and Figured are in sync, and Figured and the financial statements that are generated from Figured data are in sync - then this goes a long way to solving this issue of data discrepancies.
Combining data for amplified value
Operational data in its own right is really useful. Financial data in its own right is also really useful. But if we can bring Trev and Figured data together, then the reporting value that this can bring to a farmer is huge.
For example, you might look at an animal health bill for a farm in Figured and it looks really positive, but overlay this with operational data in Trev you might find that this farm has a major SCC issue. Therefore this integration can bring to light new, relevant information when the two data sets are paired together, to better inform decision making.
We’re so excited to see this integration come to life and explore the benefits that this will bring to our users early next year!