Xero has the Ag Industry Figured out
Farm managers often contain and process a lot of data in their heads (extreme amounts), regarding weather patterns, soil conditions, livestock health, mechanical issues, staffing, pest and disease management and so on. This is what we call intellectual property and it traps the farm manager into being the only one who can help in most situations on the farm. It means less holidays, less home time and never truly being able to ‘switch off’. What if there was another way to record and process some of this information? What if other people could access some of this information without contacting the manager every single time? Listen to this:
Xero has teamed up with many other software providers to be able to create packages that are customised for each industry. There has been a gap in software for agricultural property management for a long time, but ‘Figured’ are emerging with increasing popularity. Figured is the only agricultural industry add-on that we have heard of and we have only heard good things about it. With subscription levels at $5, $20 and $40 per month, this software assists with various levels of data storage and financial management of stock and crops.
However the software is 100% online, so a good internet connection is required. As you know this can be a challenge in rural Australia! Figured integrates with Xero, the online accounting solution that we love here at The Money Edge, but unfortunately it doesn’t integrate with MYOB and has no plans to do so (so it’s not perfect for everyone). If you have (or are interested in) Xero, I recommend jumping online to see what Figured can do for your farm, at www.figured.com.
It’s great to see some financial software developers that are in tune with the needs of the Ag industry. They are a new and responsive business, so if you have some feedback or suggestions for their software I’m sure they’d be happy to hear from you.
Amanda Wolff | Bookkeeper | The Money Edge | Bundaberg