Figured provides farm financial management software that enables real-time financial reporting, budgeting, and performance insights for farming teams in New Zealand, Australia, and the United States. This platform eliminates the complexity of traditional spreadsheets, allowing users to easily assess profitability and make informed decisions based on accurate, up-to-date data.
Funding
Funding not disclosed
Founders
Product
Problem
Many farming operations rely on cumbersome spreadsheets for financial management, leading to inefficiencies and difficulty in obtaining real-time insights into profitability and performance. This makes it challenging for farmers and their teams to make informed decisions based on accurate, up-to-date financial data.
Solution
Figured provides a cloud-based farm financial management platform that delivers real-time financial reporting, budgeting, and performance analysis for farming teams. The platform integrates with accounting software to consolidate financial, stock, and crop information in one place, providing a comprehensive view of the farm's financial health. Farmers, accountants, and agri-banks can collaborate within the same system, using accurate data to construct farm plans, assess profitability, and make informed decisions. Figured enables users to model long-term scenarios, calculate break-even points, and gain visibility into forecast cash flow and equity.
Target Audience
Figured targets farming operations of all sizes, as well as the accountants, farm consultants, and agri-banks that support them.
Features
- Farm budgeting tools for creating budgets and tracking performance against targets
- Real-time financial reporting, including profit and loss statements, balance sheets, and cash flow statements
- Break-even analysis and profitability calculations at the field level
- Scenario planning for modeling long-term financial outcomes
- Integration with Xero, QuickBooks, and MYOB accounting software
- Role-based access control for secure collaboration between farmers, accountants, and agri-banks
- Automated data updates to ensure accuracy and timeliness