The importance of communication and collaboration around real time financial data continues to resonate with Australian banks, and we are excited to announce a partnership with leaders in the Australian agri-lending space, National Australia Bank (NAB). The partnership will see NAB initially take up 100 subscriptions to allow more of their customers across Australia to farm on the front foot.
Providing a level of insight that clients have never had before
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.
A clear picture of farm financial performance
Canterbury dairy farmer, Fraser Tasker, owns a 150ha dairy farm, as well as a support and trading property that is used for raising young stock, lamb trading, beef finishing and selling surplus winter feed. Not surprisingly, with so much going on, there’s a bit to keep on top of around the finances of these properties.
Figured has officially announced its partnership with Farm Credit Services America (FCSAmerica), a leading provider of credit and insurance services to farmers and agribusinesses, based in Omaha Nebraska. For Figured, this partnership is a huge milestone in the emerging company’s progression, and is a significant export opportunity for a New Zealand business of this size.
Arming clients with the tools they need for success
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.
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.