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Planning on the
Figured Platform 

A comprehensive agri planning system for scaling your services

Planning header - 6 Nov

Farmers have never benefited more from planning than they do today.

Volatile commodity prices, finance costs, supply costs and weather have come one on top of another. Farmers need an ongoing understanding of what risks and opportunities are on their horizon and have the agility to respond with the necessary course of action.

As the experts in agri financial management, agri accountants are being faced with the decision of when and how to step in with the planning support their farmers need.

But this is placing you under more pressure than ever before.

Most firms that are responding to the increase in demand for their planning services rely on the same approach that worked well in the past: combining their amazing expertise and experience with the familiar tools of cloud accounting software and specialised spreadsheets. 

But using generalist tools for a highly specialised job like agri planning creates bottle necks, places greater strain on the people using those tools and produces inconsistent outputs.

So how are firms unlocking agile decision making?

By using the capabilities of specialist technology to efficiently deliver personalised, accurate, and clear information to their clients so that they can make informed decisions.

In doing so, accountants can help their clients pivot and respond with regular forecast updates to their plan throughout the year.

“It’s critical we consider the different scenarios that might play out over the next 12-18 months. The most beneficial thing accountants can do for farmers is to review their situation with them to give them an understanding of the impact to their business’ cashflow; not just for the next few months as we head into prime selling season, but also the impact of this year’s selling season on the next 12 months.

Figured allows you to run multiple scenarios, which is important since a difference in price per head for sheep and lambs for example can significantly swing a farmer’s situation and its important to understand what each of these scenarios does for their business.”

- Bronte Gorringe, Strive Ag 

Scaling planning across your portfolio means you not only scale billing, but you scale positive client relationships too.

83%

of farmers who receive these essential high-value services consider their accountant to be “really valuable” (only 23% do so when their engagement is solely compliance!).

Discover
planning on the
Figured Platform

Figured Insights

INSIGHTS

Figured Insights

The ultimate practice tool for firms to unlock value-added service opportunities.

  • Monitor your entire client portfolio through a dashboard view to identify clients facing risk or opportunities.
  • Model changes in commodity prices across your portfolio and see which farms are most affected. For example you can instantly see interest coverage ratios and identify those who are at risk. 

Farm Manager

Farm Manager Thumbnail

Farm Manager

Powerful three-way forecasting to scale planning services across all your farming clients.

  • Create a budget and live forecast for your clients with up-to-date financial and production data.
  • Monitor variance on an on-going basis, reforecast when needed, and make planning a year-round rather than one-off opportunity with your clients as conditions and on-farm performance changes.

Farm Reporter

Scenarios - expanded3

Farm Reporter

Agri-specific reporting integrated with advanced planning tools so you can build your data asset and lay the foundation to scale high-value services across your portfolio.

  • Accessible scenario planning for all your agri clients. Easily model the impact of external factors like El Niño for your clients so they have a clear view of what it means for them. Enable the ability to look years into the future as well as model upcoming seasons.
  • Use Scenarios as a tool to form strategic discussions, moving clients from tax only services into enhanced advisory and provide additional value back to your existing clients
INSIGHTS

Figured Insights

The ultimate practice tool for firms to unlock value-added service opportunities.

  • Monitor your entire client portfolio through a dashboard view to identify clients facing risk or opportunities.
  • Model changes in commodity prices across your portfolio and see which farms are most affected. For example you can instantly see interest coverage ratios and identify those who are at risk. 
Farm Manager Thumbnail

Farm Manager

Powerful three-way forecasting to scale planning services across all your farming clients.

  • Create a budget and live forecast for your clients with up-to-date financial and production data.
  • Monitor variance on an on-going basis, reforecast when needed, and make planning a year-round rather than one-off opportunity with your clients as conditions and on-farm performance changes.
Scenarios - expanded3

Farm Reporter

Agri-specific reporting integrated with advanced planning tools so you can build your data asset and lay the foundation to scale high-value services across your portfolio.

  • Accessible scenario planning for all your agri clients. Easily model the impact of external factors like El Niño for your clients so they have a clear view of what it means for them. Enable the ability to look years into the future as well as model upcoming seasons.
  • Use Scenarios as a tool to form strategic discussions, moving clients from tax only services into enhanced advisory and provide additional value back to your existing clients

Planning through the year with the Figured Platform


By approaching planning as an always-on service, you help your clients unlock agile decision making by instilling best-practice for agri financial management. In doing so, you create more opportunities to unlock high-value service opportunities for your firm.

Bugeting and Tax Planning Support:

Budget for the season ahead, assessing implications of tax planning activities on cash flow.

Monthly Reporting:

Schedule automated report packs to consistently add value to client relationships.

In-season Benchmark Reporting:

In-season benchmarking for compliance and planning clients

Quarterly BAS:

Utilise existing client touch points such as BAS to create opportunities to reforecast on an ongoing basis

In-season events

Commodity Price changes / Severe Weather Events:

Update forecasts and plan for change.

Budgeting and Tax Planning Support

  • Use Farm Manager planning tools to efficiently budget for the season ahead.

  • Snapshots within Figured allow flexibility to switch between budget iterations to quickly assess the implications that predetermined tax planning activities have on cash flow.
farm manager - planner
EOY reporting

Quarterly BAS

  • A low barrier to entry, out of the box Agri-specific reporting tool to front foot value with a ‘compliance plus’ approach.

  • Generate curiosity at scale with automatic report pack scheduling alongside your existing BAS touch points.

  • Build confidence within your team and client base to make sense of the numbers with agri specific data, leveraging Farm Reporter to better represent your clients actual position, alongside historical trends

  • Utilise existing BAS client touch points to review budget against forecast for a robust re-forecasting conversation.

  • Intelligent planning tools that represent one source of truth allows firms to extend these conversations into a process to serve your wider client base.

  • Powerful three-way forecasting easily updated, using current market conditions.

Monthly Reporting

  • Provide value to clients using  Farm Manager to easily create a three-way forecast and plan.

  • Efficiently reforecast to the existing plan with evolving market conditions.
cashflow
Benchmarking-3

In-season Benchmarking

  • Clients on Farm Reporter: Benchmark client actuals-to-date. Provide commentary on how they are performing so far, creating an opportunity for planning.

  • Clients on Farm Manager: Benchmark client forecasts and actuals-to-date. Provide commentary on how they are performing so far and how their projected end goal compares to similar farms.

In-season Events
Commodity price & season changes / Severe Weather Events

  • Model the impact across your portfolio using actuals to date for clients on Farm Reporter, and the forecasts for your clients on Farm Manager.
  • Monitor your entire client portfolio through a dashboard view to identify clients facing risk or opportunities.
  • Benchmark a client's in-season performance against your portfolio of clients, or a subset of your design.

Use Farm Manager to answer questions like:

  • How will different courses of action impact their P&L, Cashflow and Balance sheet position, now and into the future?
  • For a livestock farmer, how is feed ROI being maximised on the farm?
  • What stock types make the most sense to hold, buy, or sell based on up-to-date market pricing?

  • Create interest and demand for planning with compliance clients by modelling the impact on their individual farm with Scenario Planner.


Get in touch & start using the full extent of the Figured Platform to scale your agri planning services.

ongoing reviews

Extend your use of the Figured Platform

And start scaling your agri services today

 

Figured Insights

On-demand modelling & benchmarking

 

 

Farm Manager

Three-way forecasting & production tracking

 

 

Farm Reporter

Agri-specific reporting automation and ‘what if’ Scenario modelling

What Figured partners say

"The increased collaboration with our clients gives us a greater depth and knowledge of their goals and what they’re seeking to achieve."

"Figured is a great tool for financial management reporting because it really allows the opportunity for us to help clients establish a great structure around their financial reporting system that actually gives them meaningful information."

“With Figured and cloud accounting software working together, we can see where things will end up in 5-to-10 years. You’ve got real numbers and good reports, and it gives farmers something to think about and tangible to work on.”


Keen to learn how you can get more out of Figured?