Accounting has long been simplified and this annual activity is already practiced with standard norms compliance. But, there aren’t tools and software that can understand agribusinesses as such and accounting can be complex in such cases. Also, with other transactional details being tracked digitally, linking them with the accounting component makes life easier for the accountant to keep track of the transactions which are automatically updated as soon as they occur. This not only saves valuable time but also ensures an error-free accounting process.

The two significant revenue contributors of FPOs and FPCs are sales of agricultural inputs and equipment and procurement of agricultural commodities for which the organization is registered. The revenue streams can be completely digitized and integrated into other modules such as m-commerce for agricultural inputs management and inventory & crop schedule for procurement management. This will help the board of directors keep track of the outstanding credits to individual farmers, sales of inputs in different areas to farmers, manage procurement activity and plan for scheduling loading stations and pre-processing/processing of produce at various stages. Having visibility to different timelines of these activities can help a business plan for the activities better and create a more efficient process without the need to conduct meetings to get status updates on business operations.

Farmers are prone to weather condition changes and face a lack of information personalized to their farms and crops. With KhetiBuddy’s solution the farmers can now view their crop schedules with a personalized nutrition management, information on pests and disease management as well as measures for preventing nutrient deficiency over mobile application. Farmers can access information to do organic farming or residue-free farming to comply with the standards of produce as required for exports. This helps increase value of the produce in terms of quantity and quality that can be procured from the farmer-network.