Campbell Tyson Blog

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Figured for Farmers

Farming in New Zealand is a tough business with many challenges beyond the farmer’s control - environmental, economic, and market lead. The financial numbers however are one thing a farmer can have some degree of influence over. We know that most farmers just want to be farmers, but by owning their numbers and being in a position to make good plans and sound financial decisions, a farmer can directly influence the profitability of their business. This is where Figured can come in.

Figured is a complete cloud-based financial management software program for farmers.

Its online software provides farmers with a better way to financially manage their farming operation and includes a number of tools that work hand-in-hand with Xero to help farmers improve their farms financial performance and profits. Figured is the only farm accounting tool available that gives the farmer along with their accountant, farm adviser and banker, access to real-time data meaning the whole farming team can collaborate using the same financial information from wherever they are working and can act together to make faster and better informed decisions.

The key features of Figured software are -

Always have a clear picture of your cashflow – Track livestock movements, crop or milk production and operating expenses. See overall profit at any time during the month or year. Understand future cash available to enable decision making based on a true picture of farm performance.

Scenario planning – Budgets and forecasts can be quickly and easily changed to assess the financial viability of different scenario’s such as increasing stock to take advantage of greater feed levels.

Production reporting at a glance – Dollars per hectare, per kg milk solids and per kg of carcass weight are built into Figured and are available in a click.

Campbell Tyson are teaming up with BNZ and Figured to present a complimentary seminar for farmers in any farming industry to showcase how Figured financial management software can save time and help make better business decisions.

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Guest Wednesday, 20 November 2019