Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


'Farming in the Cloud' online accounting launched by Xero

Xero launches new 'Farming in the Cloud' online accounting and farm management solution with key farming solution partner Figured


Confirms partnership with RD1

11 June 2014


Online accounting software company Xero today formally launched its dedicated rural online accounting and farm management solution – Farming in the Cloud – together with key farming solution partner, Figured, at the National Fieldays in Mystery Creek.

Xero also announced that rural services company, RD1 has joined Farming in the Cloud as a partner, and as part of this is working with the wider Fonterra group to explore opportunities for integration.

Ben Richmond, CA, Xero Rural Strategy Lead said: “We are excited to now have all our major rural supplier partnerships in place. Figured has been instrumental in taking Xero to the farming market. Now, having RD1 on board, alongside the likes of PGG Wrightson which is already a partner, really validates the power of Farming in the Cloud as a ground-breaking farm productivity tool, and looking ahead we’re pleased to be broadening our relationship with Fonterra.”

“We are excited to be partnering with Xero and look forward to further opportunities to work closely together,” said Jonathan Good, RD1, General Manager Business and Retail Development.

Xero entered a formal relationship with PGG Wrightson in February, and is now integrated with Farming in the Cloud, meaning PGG Wrightson account holder transactions seamlessly feed through into Xero and are coded correctly – and as part of its innovation partnership with Xero, the company is committed to leading the rural industry through the integration of its services with Farming in the Cloud.

Mark Dewdney, Chief Executive Officer, PGG Wrightson, said: “We’re delighted to now have this feed up and running – Xero’s innovation is receiving international acclaim but we think that, back here in New Zealand, Farming in the Cloud is set to be a game-changer for farmers and the rural sector in terms of creating greater integration and more collaborative services.

“Farming can be a tough business and we are looking forward to using the power of the cloud to create more value for our customers and help them in managing their accounts and businesses more efficiently.”

Rural supplier CRT’s feed is already live and as part of the merger with Farmlands, they are currently working to integrate Farmlands’ transactional feeds with Farming in the Cloud.

Farming in the Cloud enables farmers, accountants, banks and key rural suppliers to work together from the same set of online, real-time data, and is the result of extensive collaboration with the rural industry to identify and work through pain points in the farm accounting process.

“Farming in the Cloud provides an eco-system of accounting software and farm management tools, allowing farmers and their accountants, banks and rural service companies to painlessly work together from the same set of online, real-time data, so that they can make confident on-the-spot decisions based on their farm and their own unique challenges,” said Mr Richmond.

“This greater collaboration between key stakeholders means the accounting and business management role becomes less arduous, meaning more time on the farm and for exploring opportunities for greater profitability.”

Hot off the back of a nationwide Farming in the Cloud road show engaging with accountants, bank managers and rural advisors, Xero and Figured will showcase the solution’s capability to farmers at Fieldays and answer questions.

“We’ve had a huge amount of positive feedback from the more than 1,000 rural professionals, including farmers, accountants, and bankers about how Farming in the Cloud adds value in a way that goes to the very heart of farm management – running a farm as an efficient business,” said Duncan Anderson, Project Director, Figured.

“Key business tasks like forecasting, livestock reconciliation and establishing an accurate picture of financial position are all crucial elements in the farm accounting process which until now, have been very difficult to achieve – no longer,” said Mr Anderson.

Pricing

In order to get the best out of Farming in the Cloud, it’s integral that all stakeholders – the farmer, accountant, bank manager and rural advisor – are all using the product.

A range of pricing options are available depending on how simple or comprehensive the engagement with Farming in the Cloud. To find out more, farmers should contact their rural accountant or Xero directly on farming@xero.com.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Balance Of Trade: NZ Posts Trade Deficit In October On Falling Dairy Exports

New Zealand’s posted its largest monthly trade deficit for October in six years, while narrowing the shortfall from September, led by a fall in dairy exports to China while all main imports into the country rose. More>>

ALSO:

Gigatown Winner: Plenty Of Positives For Dunedin

Although the city has taken the Gigatown title, along with new ultrafast 1Gbps broadband and funding for $700,000 worth of UFB-related initiatives across the community, Mr Cull says Dunedin has gained so much more through its involvement. More>>

ALSO:

R18: The Warehouse Group Praised For Removing Games

The decision by New Zealand’s largest retailer The Warehouse Group (TW Group), to withdraw stocks of the latest version of Grand Theft Auto V (GTA V) and other R18 games, has been praised by advocacy group Stop Demand Foundation. More>>

ALSO:

Air NZ Wine Awards: Victory For Villa Maria As Pinot Noir Thrills

It was a night to remember as Villa Maria Estate picked up one of the highest accolades of the evening, the O-I New Zealand Reserve Wine of the Show Trophy, at the 28th Air New Zealand Wine Awards. The Villa Maria Single Vineyard Southern Clays Marlborough ... More>>

ALSO:

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news