The Dairy Women’s Network (DWN) is now working alongside Figured and Xero, who together offer an integrated Software-as-a-Service (Saas) cloud financial management solution for the agri-sector.
The agreement will see DWN, Figured and Xero work together to educate, inspire and support the network’s members in using smart financial management software, DWN CEO Jules Benton said.
“We’re pleased to formalise this partnership with Figured and Xero after working with them on many events.
“With the rise of on-farm technology, we know our members will get a lot of value from their combined knowledge around smart financial management and data-driven decision making.”
Figured General Manager John Gibson said of the agreement: “This collaboration is a natural extension of our ongoing support for the dairy sector. Around 50 percent of New Zealand’s dairy farms are now on Figured.
“But there are still so many more that could benefit from a clearer picture of their farm’s financial health. With all the challenges dairy farmers face, from environmental planning to skill shortages, we want to make it easy for everyone to access accurate farm data, to see their options and more confidently plan for the future.”
The Xero and Figured software solution can help farmers respond to changes in the global market and the prices of key agricultural commodities such as feed and fertiliser.
It can also help predict the long-term financial impacts of decisions around succession, machinery or land purchases, as well as track livestock and dairy production. Head of Xero’s Strategic Verticals and Partnerships, Cam Anderson said the partnership would empower members to be both business leaders in farming and advocates of wellbeing.
“We know that often a lot of the bookkeeping and financial management sit with women in farming, and that this can be a major source of stress. That’s where our joint training and support comes in.”
