Turning the tables when things got tough
Like many dairy farmers, Waikato couple, Wendy and John, found themselves in a difficult position after the challenges of recent seasons. But with Figured and Xero, and support from their key advisers, they have confidently moved forward in a profitable position without the burden of debt holding them back.
Scott Wishart, National Manager - Agribusiness, BNZ
BNZ has recently taken an investment in Figured, a company that is rapidly adding value to the rural sector of New Zealand through its ability to add real time budgeting to the data feeds from Xero. We’ve been working with the team at Figured for quite some time, and it became obvious that they had a solution that could solve a number of industry and bank problems.
A Better Understanding of Business Profitability
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.
BNZ Partnership announcement
We’re excited to announce that Figured has entered into a strategic partnership that sees BNZ (a subsidiary of NAB Australia) acquire a cornerstone 17% shareholding. This partnership will further bolster our rapidly growing customer base, while supporting growth throughout New Zealand and Australia.
Achieving Transparency & Valuable Business Insights
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.
“Managing volatility is a key challenge facing farmers. This innovative system is proof that development of effective technology can help weather volatility by providing access to real time data. This in turn leads to greater confidence in decision-making and clarity in forecasting, while reducing risk and increasing on-farm productivity.”
Time Spent Managing Accounts Halved
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.
More Timely Access to Powerful Financial Data
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.
Using Cloud Tech, Figured and Xero, to Drive Efficiencies
With the help of cloud technology, Western Australia practice, Rise Business Solutions, are providing their farming customers with easier access to information that can help them really drive the financial success of their business.