FinTechTransactions

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

Sage, headquartered in Newcastle, which also provides HR and payroll technology to small and medium-sized businesses, said the move deepens its commitment to supporting full-time accountants as the industry prepares for tax adoption. . for self-assessment of income tax (MTD for ITSA).

Futrli is an important tool for SMEs to maintain healthier cash flows to grow their business and reach their potential. Its solution aims to help growing businesses understand current and future cash flows through forecasting algorithms.

They are based on data analysis of historical trends, 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 needed to provide excellent consulting services – all as part of our Sage solution for accountants, ”said Neil Watkins, Sage’s EVP product.

“I am delighted to welcome the Futrli team to the Sage family and look forward to joint achievements.”

Futrli by Sage will be integrated with Sage for Accountants, which will help accountants consolidate workflows in their practice in one place using a pricing model for each client.

Futrli by Sage will also remain a market solution and will continue to be available to SMEs as a stand-alone product after acquisition.

“For almost ten years, we have focused solely on helping our customers better manage their cash flows, which in turn helps them make smart business decisions. We are proud of our unique solution for tripartite forecasting, which allows accountants to adapt and personalize based on the needs of customers or the industry, ”said Hannah Dawson, CEO and Founder of Futrli.

“We couldn’t be happier to be able to expand our experience and bring this to Sage customers.”

Sage acquires cash flow forecasting startup Futrli

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