FarmRaise
By FarmRaise Inc
The typical implementation process for FarmRaise:
Initial Needs Assessment: The process begins with identifying the farm’s financial management priorities, such as tracking expenses, payroll, invoicing, and tax reporting. This ensures the software is configured to meet specific operational needs.
Data Migration: Existing financial data, including income records, expenses, tax documents, and invoices, are imported into FarmRaise. This step ensures a smooth transition with accurate and clean financial records.
Bank Account Integration: Users link their bank accounts (FarmRaise supports over 12,000 banks) for automated transaction tracking and real-time expense updates.
Customization: Expense categories and reporting features are customized to align with the unique financial structure of the farm, such as costs for livestock, equipment, or feed.
User Role Setup: Access levels and workflows are established for different users (e.g., farm owners, accountants) to ensure secure and efficient financial task management.
Training: Key users are trained on FarmRaise’s features through tutorials and guides to ensure proper usage and reduce errors.
FarmRaise is designed to simplify farm financial management for small to medium-sized agricultural businesses and offers some customization to fit specific business needs. Below are the key data points regarding its customization capabilities:
Grant and Loan Tracking: FarmRaise provides tailored tools to help farmers access grant and USDA funding opportunities, which can be particularly useful for operations seeking financial assistance.
Expense Categorization: It automates income and expense tracking with IRS Schedule F categorization, allowing farmers to track spending on specific endeavors and make informed decisions.
Real-Time Inventory Management: The platform enables real-time inventory tracking, which can be customized across devices to suit the operational scale of different farms.
Offline Functionality: Its mobile app supports offline usage for tasks like mileage logging and receipt digitization, making it adaptable for farmers working in remote locations.
Bank Integration: FarmRaise integrates seamlessly with over 12,000 banks, providing secure and customizable financial management options for farms of varying sizes.
Farmers have reported that FarmRaise allows them to track spending by specific farm endeavors, helping them identify potential issues early.
The software is praised for being simple yet powerful enough to handle complex operations, making it suitable for diverse farming needs.
While FarmRaise offers essential features tailored for agriculture, its reporting capabilities are currently basic, with improvements underway. This may limit advanced custom reporting options for some users.
Customer support options are more limited compared to competitors, which could affect the ability to implement highly specific customizations.
FarmRaise offers two primary subscription plans tailored to meet the financial management needs of farms:
FarmRaise Premium: Priced at $40 per month or $432 annually, this plan includes features such as income and expense tracking, automatic transaction imports, invoicing, IRS Schedule F generation, financial reporting, inventory and asset management, and access to a comprehensive Farm Funding Library with funding alerts.
FarmRaise offers a range of training and support options to help new users effectively navigate its platform and maximize its benefits. Below are the details:
Educational Hub: FarmRaise has partnered with the USDA to create an online educational hub called "Farm Service Agency 101." This hub includes free how-to videos, visual aids, and resources designed to educate users about USDA programs and assist them in submitting applications for program.
Video Tutorials: The platform provides user-friendly video tutorials that guide farmers through the software features, making it easier for beginners to get started.
Step-by-Step Guidance: FarmRaise emphasizes simplicity with tools like its eligibility quiz and tutorials, ensuring users can quickly understand how to utilize the software for their farm's needs.
Dedicated Support Team: FarmRaise offers U.S.-based customer support during business hours on weekdays. Users can reach out via call, text, email, or message to connect with a FarmRaise expert for assistance.
Onboarding Assistance: The platform simplifies onboarding processes for new users, ensuring quick setup without hassle. This includes automated payroll setups and compliance checks.
Customer Success Stories: Testimonials from users highlight FarmRaise's responsiveness and personalized support, which has helped them streamline their operations and improve financial management.
FarmRaise implements several security measures to protect user data, ensuring privacy and safeguarding against unauthorized access. Below are the key security practices:
Encryption: FarmRaise employs encryption to secure data both in transit and at rest. This ensures that even if intercepted, the data remains unreadable without the appropriate decryption
.
Secure Data Storage: The platform uses advanced electronic and organizational procedures to protect personal information from loss, misuse, or unauthorized
.
Access Control: FarmRaise restricts access to sensitive data, ensuring that only authorized personnel can access it. This minimizes the risk of internal and external breaches.
Regular Security Updates: The system is updated regularly to address vulnerabilities and enhance security features, ensuring that it remains resilient against evolving threats.
User Control: Users have the right to access, modify, or request deletion of their personal information stored on the platform. FarmRaise verifies user identity before granting such requests to prevent unauthorized changes.
Data Retention Policies: Personal data is retained only as long as necessary for operational purposes and legal compliance. Aggregated, non-identifiable data may be kept indefinitely for analysis and service improvement.
Limited Sharing: FarmRaise shares user data with third parties only when necessary (e.g., payment processing via Stripe) and ensures compliance with strict confidentiality agreements.
Transparency in Usage: Clear guidelines are provided on how user data is used, giving users confidence in the platform's handling of their information.
Physical Safeguards: Measures such as restricted access to servers and facilities help protect the infrastructure supporting FarmRaise's software.
Organizational Practices: FarmRaise implements internal policies and training to ensure staff understand and adhere to best practices in data security.
Use of tools like Google Analytics for monitoring and improving service performance while adhering to privacy standards.
FarmRaise offers flexible subscription plans designed to accommodate the evolving needs of farming operations. Users can choose between monthly and annual billing options for two primary plans:
FarmRaise Premium: This plan is suitable for farms of any size, providing essential financial management tools.
FarmRaise terms and conditions for contract renewal and cancellation are outlined in its Terms of Service and related help documentation. Below are the key details:
Automatic Renewal: FarmRaise subscriptions automatically renew for successive terms equal in duration to the initial term (e.g., monthly or annually), unless canceled at least 30 days before the renewal date, or as specified by local state laws.
Price Changes: If FarmRaise changes its subscription prices, continued use of the service after the price change becomes effective constitutes agreement to the new pricing.
User Cancellation Rights:
Users can cancel their subscription at any time by sending an email request to [email protected].
Cancellation becomes effective at the start of the next billing or renewal period, meaning users retain access to the service until the end of their current billing cycle.
For Premium account holders, access to premium features continues until the end of the billing cycle even if canceled mid-cycle.
FarmRaise’s Termination Rights:
FarmRaise can terminate accounts with 30 days' notice via email for general reasons or with 10 days' notice (or 2 days in cases of nonpayment) if users breach terms and conditions.
Immediate termination may occur if users exceed service limits, such as storage space or usage caps, or if accounts are inactive for an extended period.
Effect of Termination:
Upon termination, all licenses granted under the agreement are revoked, and users must cease using the services.
FarmRaise may delete all user content stored on its servers upon termination at its discretion.
