Hectare, a leading agritech business, today announces the launch of its new online Inventory technology. Hectare Inventory will reimagine stock visibility, empowering farm businesses to keep track of their stock in real-time so they can make better business decisions.
With little to no standard reporting, farmers and regional farm managers commonly rely on spreadsheets or pen and paper to manage seasonal sales contracts and forward sales. As a result, inventory reports often end up being drastically different, both in detail and quality, across individual farms and farm businesses; with larger businesses, made up of multiple farms and managers having to merge several reports submitted at different times, from excel spreadsheets to WhatsApp messages.
Hectare Inventory will enable farm businesses of any size to get a ‘quick and accurate view’ of their inventory in real-time, automatically, and accurately calculating the quantity and value of harvest sold. Hosted securely online, farming businesses will get much-needed clarity on cashflow and benefit from secure real-time updates on their inventory from any device, at any location.
Alec Smith, director at Sentry, comments: “Hectare has been a game changer in terms of eliminating double data entry, ease of use and having all the information we require at our fingertips, which is vital in this volatile world. The inventory system allows us to react faster with sales. We have only been using it a short while but it has been a great addition to our business.”
Andrew Huxham, arable farmer and co-founder of Hectare, says: “As the last few years have shown, almost nothing is certain. Global pressures have brought food security to top of mind, so it’s never been more important for farming businesses to know what they’ve got and where it’s going.
“Our new Inventory solution will arm farming businesses with the tools they need to keep track of and analyse their stock so they can make better business decisions and enhance sustainability across the food supply chain.”
