Sage has announced it has completed the acquisition of Futrli, the cash flow forecasting software solution for SMBs and accountants, for an undisclosed sum.
It said the move deepens Sage’s commitment to supporting accountants with complete end-to-end proposal-to-advisory services as the industry prepares for Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA).
Futrli’s solution is focused on helping growing businesses understand current and future
cash flow, providing SMBs and accountants with data-driven three-way forecast financials (profit and loss, balance sheet, and cash flow) using propriety prediction algorithms.
These are based upon data-analysed historical trends, blending direct and indirect
forecasting methods, using invoices, bills, journals, cash, and payment data – enabling customers to “visualise the past, present, and future of their business”.
Neal Watkins, EVP Product, Sage, said: “At the heart of every successful business is strong cashflow management. Futrli will form an important role in the way we support accountants and their clients to gain the visibility needed to deliver great 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.”