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Sage acquires cash flow forecasting startup Futrli

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Accounting software giant Sage has acquired the Futrli cash flow forecasting software solution.

Newcastle-based Sage, which also provides HR and payroll technology for small and medium-sized businesses, said the move reinforces its commitment to supporting accountants with comprehensive end-to-end proposal and consulting services. end while the sector prepares for Making Tax Digital for the self-assessment of income tax (MTD for ITSA).

Futrli provides a vital tool for SMEs to maintain healthier cash flows to grow their business and reach their potential. Its solution is focused on helping growing companies understand current and future cash flow through forecasting algorithms.

These are based on historical trends analyzed from the data, combining direct and indirect forecasting methods, using invoices, bills, journals, cash and payment data, allowing customers to visualize the past, present and future of their business.

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“At the heart of any successful business is strong cash flow management. Futrli will play an important role in how we support accountants and their clients to gain the visibility they need to deliver great consulting services, all as part of 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.”

“Futrli by Sage” will be integrated with Sage for Accountants, helping accountants combine workflows in their practice in one place via a per-client pricing model.

“Futrli by Sage” will also remain a market solution and will continue to be available to SMEs as a standalone product after the acquisition.

“For nearly a decade, we have been solely focused on helping our customers better manage their cash flow, which in turn helps them make smart business decisions. We are proud of our unique three-way forecasting solution that allows accountants to tailor and customize to customer or industry needs, ”said Hannah Dawson, CEO and founder of Futrli.

“We couldn’t be more excited about the opportunity to broaden our experience and bring it to Sage customers.”

Sage acquires cash flow forecasting startup Futrli

Source link Sage acquires cash flow forecasting startup Futrli

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