For Agri Accountants
With current-season data arriving over 12 months ahead of any other NZ source, Figured Benchmarking is how you show your top 10% dairy clients they’re best-in-class — and help the rest get there next.
The World’s Largest Farm Financial Management Platform
There’s a reason thousands of agri-accounting firms across New Zealand, Australia, the UK, and the USA run their farming clients through Figured. More than 35,000 farms trust the platform — and the advisers who use it every day know exactly why.
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National and Regional Benchmarks
Figured’s national dairy benchmarks are built on verified actuals from 2,000+ carefully selected NZ dairy farms, filtered by region, supplier, and ownership type.
Benchmarks cover all five NZ dairy ownership types across P&L income and expense categories, on an accrual or cash basis — plus national averages and top-quartile comparisons.
Reporting Studio
The Figured Benchmark Report can also be included in Reporting Studio, Figured’s powerful custom report building tool.
Enhance your advisory conversations by dropping client benchmark findings into your report templates once at the organisation level, then open across all of your clients with the data populating itself. Auto Analyst writes the commentary for you, adding further explanation and trends analysis without the extra manual effort.
Data Quality
Every benchmark in Figured’s national report is built to a strict standard, with a minimum 50 farms per group, outliers removed using statistical methods, standardised expense categories across every farm, and a published methodology in the report appendix.
Plus, data quality scores for each farm in your portfolio are visible at all times, so before you benchmark, you know you’re comparing like with like.
By mapping out what you’re doing on Figured, you can see: right, I’m doing this, this is the result, this is our feed inputs, this is the output from the cows. I use Figured probably too much — I use it a lot, I log in on my phone a lot. It’s an awesome tool for me to road map our year.
Figured is an online cloud tool that enables clients to plan their cashflow scenario planning for one to five years into the future. Its ability to look at profitability on the farm and not just focus on cash gives a great understanding about how the business is performing.
We think Figured is a great tool for the financial management reporting side of things. It allows the opportunity for us to help clients establish a great structure around their financial reporting system that actually gives them meaningful information out the other end.
Integrations
Figured doesn't replace your existing software — it plugs in on top, pulling live data from Xero, QuickBooks Online, or MYOB, and integrates with the apps you already use to manage the farm.
If a client’s feed costs are running above the regional average for their area, detailed benchmarks tell you exactly how far above — and what top-quartile farms in their region are spending instead.
That type of data gives dairy accountants the information they need to tune their advisory conversations, moving from a general check-in to targeted advisory before the next season is locked in.
When a client weighs their next capital decision, benchmarks give you context for their numbers that reflects reality across the country. A farm tracking well below its peers on operating surplus tells a different story about expansion than one in the top quartile.
For bank reviews and lending conversations, benchmarks provide the external context that can add serious weight to your financial case.
Pull the benchmark report and include it alongside your cashflow projections and management summaries, helping you to prove that the current plan has precedent in the market — and may even outperform it. With the methodology published in each report index, uncertain lenders can feel confident that the statistical analysis is accurate.
Figured Benchmarking lets you compare your dairy clients against each other across financial and production metrics. Use custom filters to review which farms in your portfolio are underperforming against comparable peers, and when a client’s numbers are significantly out of line, you have the trigger for a proactive conversation.
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Earn recognition for the advisory work you’re already doing — and get found by the farming clients looking for an adviser who knows Figured.
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Resources
