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

 


Figured announces partnership with FCSAmerica

New Zealand Hi-Tech Startup of the Year 2016, Figured, announces partnership with Farm Credit Services America

Figured today officially announces its partnership with Farm Credit Services America (FCSAmerica), a leading provider of credit and insurance services to farmers and agribusinesses, based in Omaha Nebraska.

This partnership will see FCSAmerica develop a cloud-based managerial accounting system, combining the technology expertise of Figured and Xero with FCSAmerica’s indepth understanding of American agriculture. With a loan portfolio of more than $25 billion, FCSAmerica provides credit and insurance services to more than 51,000 ag producers in the Midwest. They are part of a larger Farm Credit System which represents a third of all farm lending in the US.

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. FCSAmerica researched globally for a year to find a partner in this space and found Figured to fit their needs better than any other solution.

“Farmers globally are faced with volatility, whether it be commodity prices or the weather, therefore understanding profitability is more important than ever. The US market is no different, so we are proud to partner with Farm Credit Services America who are passionate about supporting and growing cfarmers businesses in the US”, says Sophie Stanley, VP Figured USA.

“It is further evidence of New Zealand’s status as a world leader in agriculture, and recognises the company’s position as a world-class farm financial management software solution in the global marketplace.”

This partnership will not only provide a financial management solution for American agribusinesses but will also allow Figured to further develop and enhance the product to better support local New Zealand and Australian markets.

Figured partnered with Xero three years ago to provide the first cloud farm accounting solution. “We are looking forward to supporting the continued success of Figured, and working alongside them as they continue to build out a world-class solution that will further help the success of agribusinesses in New Zealand and Australia,” says Craig Hudson, Xero New Zealand Country Manager.

FCSAmerica is developing and testing the tool in 2017 ahead of a full launch expected in 2018. FCSAmerica will be sole distributor of the managerial accounting system in the United States.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Trade Plans: Prime Minister's Speech To International Business Forum

"The work to improve public services, build infrastructure, and solve social problems is possible only because we have enjoyed sustained, solid economic growth. A big reason for that is the Government’s consistent agenda of economic reform, and our determination to open up more opportunities for trade with the world." More>>

ALSO:

Media: TVNZ Flags Job Cuts To Arrest Profit Decline

Chief executive Kevin Kenrick said the changes were aimed at creating "a sustainable future video content business for TVNZ in an ever-changing media market." More>>

ALSO:

Reserve Bank: Wheeler Keeps OCR At 1.75%

Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent, as expected, and reiterated his view that the benchmark rate doesn't need shifting for the foreseeable future. More>>

ALSO:

f work for Pumpkin Patch staff

Retail: Pumpkin Patch Brand, IP Sold To Catch Group

The receivers of failed children's clothing retailer Pumpkin Patch have confirmed that the company's brand and intellectual property have been sold to Australian online retailer Catch Group. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news