For Farmers
Live Data
Figured is all about getting access to live numbers when you need them. When it comes time to sit down with the family, trust, accountant, bank, or lawyers, this is where you find the answers.
With automatic two-way syncing to Xero and QuickBooks Online, you'll know the position you see in Figured today reflects reality on the farm as it's happening.
Scenario Modeling
Succession decisions carry long-term financial consequences for both generations, so the plan you establish now has to be one you're confident will work for everyone.
Figured's Scenario Planner lets you model multiple ownership structures, equity release arrangements, and transition timelines in parallel to see how it will impact each party — based on the farm's live financial picture as it stands today.
By modeling out what decisions could look like over time, in multiple different ways, you'll have more confidence that the decisions being made now will pay off in the long run.
Custom Reporting
Succession involves multiple stakeholders, and they're all going to want to see how things are tracking. Figured's powerful custom report builder, Reporting Studio, gives you full control over how you present farm performance, so the report for the family meeting reads differently from the bank pack — without the extra manual effort.
Build custom layouts once and watch as the data populates automatically. Auto Analyst even writes the commentary for you, so you spend more time having great discussions and less on building PDFs.
Collaboration
Farms are family enterprises in a way that most businesses aren't, which is why a shared platform is different from a shared file.
Old spreadsheets depend on one person keeping them up to date, and version control is half the job. A shared platform like Figured means your family, and the people supporting you, can all be as involved as they want to, with appropriate access to the live data based on their role.
Everyone gets what they want, and you aren't stuck fixing formula errors, chasing mismatched data, and finding out who has what version of the file.
I didn't have a lot of confidence in my spreadsheet and my formulas. Whereas with Figured, I know they're all over that. It gives me a lot more confidence to know that the actual figures being pulled through are correct — and they're getting pulled through in real time.
If you're not measuring what you're doing, you can't manage it. And Figured has certainly given us a greater ability to manage things, because we are measuring so much more.
The beauty of Figured is that it helps you look forward. It gives you a picture, and it might be six to 12 months down the road of where you're going. If you don't like that picture, you've got that time to change. It's just better than looking back at last year's numbers when it's a bit late to make a change.
Integrations
Cropping operations often carry complex enterprise structures, with multiple fields, input cost cycles, and income that arrives in concentrated periods.
To ensure you're talking about succession with the right numbers in front of you, Figured tracks your operation throughout the season, modeled against the budget automatically. You can feel confident your inventory and gross margin data is organized and current, down to the individual crop and field level.
Before you can model any transition scenario with confidence, livestock succession needs accurate movement records, tracked at the per-head level.
In Figured, that’s handled natively, with production data flowing directly into the live budget as it changes. When it comes time to start the succession conversation, the numbers are there for you.
Find a Figured Advisor
Our network of Figured-certified ag accountants and advisors can help you get set up, manage your farm financials, and make better decisions — year-round.
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