ATLANTA, Dec. 12, 2018 (GLOBE NEWSWIRE) -- Today, OnPay announced a partnership that will give farming and ranching operations the ability to add a top-rated payroll service to Magnify, the new agriculture management software tool from Farm Credit Services of America (FCSAmerica). This partnership gives farming and ranching operations a full-service payroll solution that meets their distinct business needs. It also brings payroll data together with other financials to provide agriculture businesses with all the information they need to make informed decisions.

FCSAmerica, a financial cooperative for agriculture businesses, launched Magnify in partnership with software firms Xero and Figured. Their goal was to create an accounting and managerial software system that helps agriculture businesses improve profitability and decision-making through a real-time view of an operation’s overall financial health. Magnify combines automated recordkeeping and accounting functions with production and inventory information to help producers track budgets, manage cash flows, and understand their all-in costs.

“This partnership gives farmers and ranchers something they’ve needed for a long time,” said Mark McKee, President and COO of OnPay. “Agriculture businesses use complex technology to increase yield and manage production. We’re excited to help make the back office more intelligent, too. Now owners and managers can save time on payroll, plus get a much clearer picture of their financials with Xero and Magnify.”

As a significant cost to agriculture businesses, payroll data is an important addition to the financial picture Magnify provides. But finding the right payroll partner was a challenge because agriculture businesses have a unique set of requirements. For example, they must file Form 943 with the IRS, they have special HR needs for seasonal workers, and they need the ability to process different minimum wage rates for ag workers.

“OnPay’s experience with agriculture payroll gives the company a unique understanding of the solutions that our customers need to run their businesses and keep their employees happy,” said Tony Jesina, FCSAmerica’s senior vice president overseeing Magnify. “We are confident that OnPay will be attractive to customers who want an affordable, efficient and easy-to-use payroll option that fully integrates with Magnify.”

Magnify software is available exclusively through FCSAmerica to its co-op members in Iowa, Nebraska, South Dakota, Wyoming and eastern Kansas. Existing Magnify users can find more information about the OnPay partnership here.

About OnPay
OnPay’s mission is to help every small business run by making payroll, HR and benefits easy, affordable and mistake-free. After spinning off from a traditional payroll company in 2007, OnPay has used its deep experience to deliver an approachable payroll solution that accommodates companies in every industry (and their accountants and bookkeepers). PC Magazine gave OnPay an “Excellent” rating, and the company has received five out of five stars for its payroll solution on Capterra, earning awards for ease of use and best customer service. Learn more by visiting onpay.com.

About Magnify
Magnify was developed by Farm Credit Services of America (FCSAmerica) for U.S. agriculture in partnership with software firms Xero and Figured. Magnify pairs Xero’s accounting system and Figured’s farm management software to give producers a new perspective on their financial performance and management decisions. Learn more at www.fcsamerica.com/products/tools-services/magnify.

About Farm Credit Services of America
Farm Credit Services of America is proud to finance the growth of rural America, including the special needs of young and beginning producers. With $29.2 billion in assets and nearly $5.5 billion in members’ equity, FCSAmerica is one of the region’s leading providers of credit and insurance services to farmers, ranchers, agribusiness and rural residents in Iowa, Nebraska, South Dakota and Wyoming. Learn more at www.fcsamerica.com.

Media Contact
Vicki LaBrosse
Accounting Edge Marketing for OnPay
vlabrosse@accountingedgemarketing.com
651.552.7753