Blog

With NIWA releasing their updated season outlook for Sep-Nov alongside some strongly-worded commentary and advice, it would be difficult to argue that we shouldn’t planning for an unusually dry summer. Here we have two scenarios we believe will provide an indicative view of what the El Nino summer might look like for each of your farmers. We would absolutely encourage you to adjust these numbers as you see fit and based on your expertise in your own regions and knowledge of your farmers’ operations. 

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.

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.

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.

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.

Figured launches Portfolio Modelling on our Figured Insights platform! This is a major milestone for Figured Insights, as well as for the wider agriculture industry, and we couldn’t have done this without the help of the entire first-mover group.

We're excited to announce that we've received our SOC 2 Type 2 and SOC 3 report, reaffirming our commitment to information security and making all our efforts in this area transparent to our customers, partners, and staff. Achieving SOC 2 type 2 and SOC 3 has been an opportunity to put our security practices to the test, and demonstrate they are meeting the highest standards.

Promar International, UK’s leading agri advisory provider to farmers, recently announced the launch of Agstute, a new cloud-based system powered by Xero and Figured that combines accounting, reporting, planning, benchmarking and forecasting to create the data dashboard of choice for farm businesses. Figured's David Kirby caught up with Neil Adams, Managing Director of Promar International on the future of farming, consulting and data.