Figured for Accountants

After finding their previous farm finance platform painful and time-consuming, Jayne and Tim haven’t looked back since they switched their southland farm to Figured.

As a pig farmer in Tasmania, Lynette Broomby has a first-hand understanding of what it takes to run a successful farming business. Lynette is now helping her farming clients at Synectic Group reclaim valuable time while gaining greater clarity around their finances thanks to online tools Figured and Xero.

Musselroe Beef is a family-run operation on 6000 hectares in the North East of Tasmania, Australia. Working closely with their accountant at ProAdvice, and rural bank manager at Commonwealth Bank, Musselroe Beef use Figured and Xero to make smart financial decisions focused on a prosperous future.

RSM Australia has a large number of agribusiness clients. With the help of Figured and Xero, they're helping clients better manage farm finances, while spending more time on business advisory and succession planning.

Western Australia practice, STA Accountants, have a farming background that provides them with a strong connection to their clients. This first-hand experience of the issues they face, provides valuable insight into the dynamics and relationships of the farming family.

Based in Pukekohe, Campbell Tyson, is a practice with agribusiness at it's core. With the help of Figured, they're able to give farming clients a better perspective around their cashflow in real-time, without having to spend hours gathering information.

Fourth generation farming operation, McNeil Farming, is one of the largest on the East Coast. Having doubled in size in the last 6 months, they needed a system that would help them achieve real transparency across the entire business.

Ashburton farmers, Lee-Anne and Norm, run three farms. They have enough to keep them busy without to having to worry about spending long hours on the accounts, which was why they were motivated to start looking for a better solution for managing the finances of their farming business.

When the dairy payout price changed the day before Stephen Stafford-Bush’s client board meeting, he wasn’t worried. There was no last-minute need to update budgets; no rush to re-do reports. All it took was the click of a button and he had the latest information to present to the farm’s stakeholders the following day.

Mulcahy & Co are a Victoria-based practice who say that using Figured in their practice has increased client engagement and created opportunities for more forward-looking conversations around farm financial management.

Joanna Ewenson says the three biggest benefits of using Figured and Xero with her farming clients is the accessibility, ease of use, and being able to easily create budgets that encourage a future-focused approach to finances.

Chrisp & Davidson is a Gisborne-based advisory firm who has embraced cloud accounting tools to provide their clients with accurate and reliable business information, while reducing the time requirements of farm record keeping.

Farm accounting specialists, Diprose Miller have been working collaboratively with large-scale corporate dairy farm, Maheno Farms Ltd, using Xero and Figured to reduce data inefficiencies and robustly plan for the future.

Figured’s user-friendly interface has boosted Sudbury’s client engagement and encouraged more efficient collaboration between the whole farming team. They are now better placed to help clients manage volatility and make more proactive decisions with confidence.

Brett Bennett and the team at FarmIT are a great example of forward thinking rural accountants. They’re seeing tangible benefits since implementing Figured’s single ledger system to use collaboratively with their farming clients.

Diprose Miller find using Xero and Figured has significantly decreased inefficiencies associated with collecting information from their clients and producing insightful and digestible information.

Figured is fundamentally changing the way that Noone Plus accountant, Scotty Jenkin, works with his farming clients. The cloud software is allowing him to now focus on looking forward, not backwards, and to assist clients effectively plan for the future.

As one of New Zealand’s most innovative accounting firms and business advisors, WK, recognise the importance of staying in touch with farming client’s needs and working with them to ensure the growth of their farming businesses - and Figured is playing a critical part in their success.

One of the biggest issues BDO was facing was getting customers to realise the importance of forecasting when incomes can fluctuate and also getting them to put funds aside for these unexpected events. With Figured, their clients are now more engaged in planning and are making more confident financial decisions.