Sage, a leader in accounting, finance, HR and payroll technology for small and medium-sized enterprises (SMEs), today announces that it has completed the acquisition of Futrli, the UK’s first cash flow forecasting software solution for SMEs and accountants.
The move reinforces Sage’s commitment to supporting accountants with comprehensive proposal-to-advisory services as the industry prepares to make tax digital for income tax self-assessment (MTD for ITSA ).
Futrli provides an essential tool for SMEs to maintain healthier cash flow to grow their business and reach their potential. Futrli’s solution aims to help growing businesses understand current and future cash flow, providing SMEs and accountants with data-driven three-way financial forecasts (profit and loss, balance sheet and cash flow) at using property prediction algorithms.
These are based on analyzed historical trends, combining direct and indirect forecasting methods, using bills, invoices, logs, cash and payment data – allowing customers to view the past, present and future. future of their business.
“At the heart of any successful business is strong cash flow management. Futrli will play an important role in how we help accountants and their clients gain the visibility needed to deliver excellent advisory services, all within our Sage for Accountants solution. said Neal Watkins, EVP Product, Sage
“I am delighted to welcome the Futrli team to the Sage family and look forward to achieving great things together.”
In line with Sage’s focus on supporting accountants with services ranging from proposal to advisory, “Futrli by Sage” will be integrated with Sage for Accountants, helping accountants combine workflows in their practice into one place, with a simple pricing model per customer.
Additionally, “Futrli by Sage” is and will remain an off-the-shelf solution and will continue to be available to SMBs as a standalone product after the acquisition.
“For nearly a decade, our sole focus has been to help our clients better manage their cash flow, which helps them make smart business decisions. We are proud of our unique 3-way forecasting solution that allows accountants to adapt and customize based on client or industry needs,” said Hannah Dawson, CEO and Founder of Futrli. “We couldn’t be more excited about the opportunity to expand our expertise and bring it to Sage customers.”