Figured And Heartland Bank Partner To Provide Lending To New Zealand’s Farmers

Farm financial management software company Figured has partnered with Heartland Bank to drive streamlined decision-making and access to lending for farmers.

Figured is New Zealand’s largest provider of farm financial management software, used by more than 16,000 of New Zealand’s commercial farms. Figured software is also used by farmers internationally.

Figured chief executive, Dave Dodds, said Figured’s move into providing lending services to farmers was a logical step, as it increasingly became a financial hub for farmers and their advisers.

“Farmers face an increasing range of commercial and environmental challenges and opportunities. This means their advisers and lenders need to be smarter about how capital is accessed and provided.

“There is an opportunity for farmers, with their advisers, to use their individual data to apply for loans more efficiently and seamlessly. In turn, armed with financial and farm data, lenders will be in a position to make more timely and accurate lending decisions.”

Figured will initially provide lending services to the dairy sector, supporting contract and sharemilkers, and intends to add further loan options over time to increase the choice farmers have when it comes to accessing capital.

Heartland Bank CEO, Leanne Lazarus, said: “We are delighted to partner with Figured. We have supported New Zealand farmers for more than 145 years and currently lend to more than 2,000 farmers.

“This partnership provides an opportunity for farmers to access capital using existing data and software to support the lending process.”

Farmers and their advisers will be able to apply for lending through the Figured software from today or they can visit https://lending.figured.com for more information.

mobile: +64 27 342 3836 | email: coran@theproject.co.nz | web: www.theproject.co.nz 

The information contained in this email is confidential and may be legally privileged. If you have received it in error, you may not read, use, copy or disclose this email. If you are not the intended recipient, please let us know by reply email immediately and then delete this email from your system. We shall not be responsible for any changes to, or interception of, this email or any attachment after it leaves our information systems. We accept no responsibility for viruses or defects in this email or any attachments.

© Scoop Media