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Red Sky NEWS - August 2005


ACCLIPSE–RED SKY JOINT VENTURE TO PROVIDE ACCOUNTANTS WITH SINGLE SOFTWARE SOLUTION TO BENCHMARK ALL BUSINESSES

We are 1-2 months away from delivering a highly automated solution for benchmarking all businesses in New Zealand and Australia.  This will mean that accountants in both countries will have access to the leading rural and non-rural databases of business performance, and only need to be familiar with the one software application.  This will have three key outcomes:

1.      Seamless integration with all major accountancy software

2.      Rapid delivery of benchmark reports, including 10-20 minutes for a single enterprise operation (e.g. dairy or beef) and 15-30 minutes for a multiple enterprise operation (e.g. sheep beef cropping)

3.      Flexible written reports (editable by users) as well as standard tabulated reports

Acclipse www.acclipse.co.nz provide software to a large number of accountancy practices in both New Zealand and Australia.  Their benchmark software is branded as BenchmarkIT and more information is available by clicking here is branded as BenchmarkIT.  We are now well advanced with the integration of our two products and we are planning for a release in October.

We have had an overwhelmingly positive response from rural-based accountants who have had the BenchmarkIT software demonstrated.  We see it as being the essential cog that ensures a benchmarking service can be integrated within accountancy practices without the requirement for significant additional resources.  For more information on this or to arrange a face-to-face meeting please contact us at feedback@redskyagri.com

DAIRY BENCHMARKS RE-RELEASED WITH 2004/05 MILK PRICES

We have recalculated all the 2003/04 dairy benchmarks for both New Zealand and Australia with the 2004/05 milk price.  This means that they are relevant for use with all farm performance data being processed for 2004/05.  Please note that there are now 3 separate pages on our website listing our benchmarks, one for New Zealand here, one for Australia here, and one for South Africa here

SHEEP & BEEF BENCHMARKS RE-RELEASED WITH UPDATED CALCULATIONS

We have recalculated the 2003/04 sheep and beef benchmarks for both New Zealand and Australia as there have been some improvements to a number of calculations, especially in regards to pasture and feed costs.  More information on these is available for New Zealand benchmarks here and for Australian benchmarks here

SHEEP & BEEF DEVELOPMENTS – NEW REPORTS AND INCREASING DATABASE NUMBERS

As a result of our association with Boyce Chartered Accountants, the pre-eminent Australian sheep, beef and cropping accountancy firm based in New South Wales, we can look forward to accelerating our development and use in Australia.  An immediate impact has been the launch of new sheep and beef reports.  Boyce CA have been benchmarking farms for over 25 years and will be involved with future developments of Red Sky in a similar vein to the role Baker & Associates have with Red Sky in New Zealand.

SOUTH AFRICA LATEST MARKET FOR RED SKY

Red Sky has commenced the processing of data for South African dairy farmers and we expect to have our first South African benchmarks available later this year.  We have converted our 2003/04 New Zealand and Victorian (Australia) benchmarks into Rand so that these can be used for immediate comparisons.  Further information on this is available here

IRRIGATION FARMS

We have developed new calculations for determining the pasture harvest from irrigated versus non-irrigated areas on a farm.  We are in the process of developing an Irrigation report that will include these multiple pasture harvest calculations along with a group of other key performance ratios specific to irrigated farms.  If you have any suggestions for relevant ratios then please forward these to us at feedback@redskyagri.com

BUREAU SERVICE AVAILABLE TO HELP YOU GET STARTED

We provide a bureau service to help rural professionals get started with Red Sky.  This cost-effectively provides you an opportunity to quickly and easily process some farm data so that you can assess the benefit of providing this valuable new service to your clients.  If this sounds of interest then please contact us at feedback@redskyagri.com

LATEST VERSION RELEASED 5 AUGUST 2005

The latest version of Red Sky v4.1.58 has refinements in both speed and overall functionality.  This continues our drive to ensure that all users can produce reliable and robust reports in the shortest possible timeframe, and with the least possible inconvenience to ongoing work practices.

If you would like further information on any matter relating to Red Sky or wish to no longer receive email from us then please contact us at feedback@redskyagri.com

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