Case Study: BDO helps Taranaki dairy farmer improve forecasting and transparency with Figured

How digital technology culls guesswork from the business of farming

The customer, BDO New Zealand, partnered with their client, a dairy farmer, to tackle challenges with manual paperwork, outdated budgeting, and a lack of financial visibility for the farming operation. They implemented the vendor Figured's farm financial management software to address these issues.

The solution from Figured provided dynamic budgeting, real-time reporting, and forecasting, which were integrated with Xero accounting. This delivered transparency for the farmer, their advisors at BDO, and their bank, saving days on administrative tasks each month and enabling proactive financial planning. The results included stronger client-bank relationships and a significant improvement in collaborative, data-driven decision-making for the farm's future.

BDO

Ryan Stockman

Advisory Principal