Blog

It’s been an exciting month for Figured and our community as we’ve released several helpful updates to our planning tools! With each of these updates come better efficiency, accuracy and value for your firm, so have a read below to ensure that you and your firm are across the key updates and are seeing the full potential of your planning toolkit on Figured.

Ever wondered who on earth you’re talking to when you pop open the bubble for help? Wanna get to know a few of our faces before you get to know some product? Bored at work and looking for a momentary distraction? Well good news, you’re not only in the right place, but you’re also about to see some pretty fab people!

We know how important efficiency is for our accountant partners, so we’re thrilled to introduce consolidated valuations in Figured - allowing you to complete your valuations for all stock of the same type in one go, rather than tracker by tracker. This will substantially reduce the time taken to complete valuations, streamlining your firm’s compliance workflows, and allow you to more easily act on opportunities for advisory where clients require management valuations.

As we wave goodbye to the winter of 2022/23, many farms now move into their new financial year. This time of year is a prime opportunity for accountants and farm consultants to collaborate with their farming clients, get under the hood of their business to help them understand how they’re tracking, and identify areas to improve performance for the year ahead.

2022 has come and gone - another year filled with a number of challenges, uncertainty, as well as some outstanding achievements from our partners. Figured has had an incredibly exciting year, adding several improvements, new features, and fixes to the app. To wrap up the year and share some of the great new features that have come to Figured in the past year, here is a recap of some of those highlights you shouldn’t miss!

Meet the new and improved Statement of Position allowing you to easily append and amend the farm data from Figured and your cloud accounting platform directly in the Statement of Position page. Now agri accountants and advisors can deliver expert advice, based on reliable data, enriched with financial insights more easily than ever.

It’s been a hard summer for many farmers, and as we look towards the year ahead, we caught up with Alastair Johnston, Principal Farming Consultant at Promar International, and new Figured Customer Success Specialist, Sam Seymour. Alastair advises a range of dairy and arable farming clients and Sam’s family farms 250 beef cattle, 500 sheep, as well as an arable enterprise in North Yorkshire. We spoke to Alastair and Sam to find out how the harvest went and what farmers can do to prepare for next season, by utilising up-to-date budgeting and working closely with farm advisors.

It’s been 3 years since the last Xerocon, and it's fair to say there was plenty of pent-up demand for the 2022 event. Tom FitzGerald, Partner Success Manager at Figured, shares his experience of the event and offers his thoughts on the changing landscape of agri accounting in the UK.

Two of New Zealand’s key agri-tech solutions – Figured and FarmIQ – have joined forces to give farmers and their accountants a real-time view of their farming system. The new financial data connection automatically transfers stock transactions into Figured as soon as data has been entered into FarmIQ. This allows the farmer’s accountant to get the stock information straight away, including deaths, births, sales and purchases.