Sage announced that it has completed the acquisition of Futrli, the cash forecasting software solution for SMEs and accountants, for an undisclosed amount.
He said 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. (BAT for ITSA).
Futrli’s solution aims to help growing businesses understand the present and the future
cash flow, providing SMEs and accountants with data-driven three-factor financial forecasts (profit and loss, balance sheet and cash flow) using proprietary prediction algorithms.
These are based on historical trends analyzed by data, mixing
forecasting methods, using bills, invoices, journals, cash and payment data – allowing clients to “visualize the past, present and future of their business”.
Neal Watkins, EVP Product, Sage, said, “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 as part of our Sage for Accountants solution.
“I am delighted to welcome the Futrli team to the Sage family and look forward to achieving great things together.”