Blog

One of the questions we’re sometimes asked is “Why do I need Figured when I have Xero already?” It’s a fair question and one we answer through describing the unique nature of farm accounting. Our business started from the ground up as a cloud-first specialist agricultural tool. Figured starts where the standard financial packages end, and better reflects the specific accounting needs of farming.

Our vision is to be agriculture's leading global financial management technology, driving the business of farming. To support that vision, we focus on partnering with organisations who share our view for the future of improving financial agri-management through technology. 

Our vision is to be agriculture's leading global financial management technology, driving the business of farming. To support that vision, we focus on partnering with organisations who share our view for the future of improving financial agri-management through technology. 

As an accountant, your clients look to you for advice, insights, and support for their business.  Using Figured allows you to help your clients really begin to understand the business side of their farming operation.

Farmers around the globe are regularly required to make important decisions that will affect the business’s bottom line. One of the recurring decisions is “Where am I best to use my harvested crops?” The opportunity cost of putting production towards one use over another needs to be constantly assessed, and planned usage may need to change over the course of a season.

Across the nation, farmers and elevators work in trusted relationships centered around a fluctuating marketplace. This is why as a farmer, it’s important to know the current market price of your product in order to make knowledgeable decisions that drive the productivity of your farm. Figured integrates with DTN (Data Transmission Network) to help farmers stay informed and relevant. With direct access to current commodity insights, farmers can set their crop’s market price to the state and elevator of their choice! 

At Figured, we’ve been working alongside arable farmers and their advisers for some time now, and in that time we’ve seen the same challenging processes year after year. Recognising this, we set about building a new cropping experience that would allow the whole farming team to collaborate and contribute to both Figured and Xero, and tie all the information together in one easy to understand tool.

Model out the long term financial impact of major decisions or changes in your business with Figured Scenarios.  

Figured empowers farmers to run their farm like a business all while building their resilience  to frequent commodity fluctuations.