Company Market Research Report: Futrli by Sage

Company Overview

• Name: Futrli by Sage

• Mission of the Company: Futrli is dedicated to creating software that empowers every business with the tools they need to take control of their financial future and make the best decisions possible, tipping the odds in favor of small business success rather than failure.

• Year Founded & Founders: No information is available.

• Key People: No specific key people were mentioned besides the mention of Hannah Dawson, CEO & Founder, during a webinar.

• Headquarters: No information is available.

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: Futrli is known for its business forecasting tools, specifically offering cash flow forecasting and reporting solutions tailored for accountants and businesses.

Products

Real-time Cash Flow Forecasting and Reporting

• Description: Allows for comprehensive 3-year forecasts using accounting data, covering operations, staff, profit, trends, bills, sales, and taxes.

• Key Features:

• Performance insights

• Reporting and dashboards

• Instant smart budgets

• 3-way forecasting

• Automated predictions and live updates

Reporting and Dashboards

• Description: Provides fast and professional report creation that is easy to compile and share.

• Key Features:

• Customizable reports for different stakeholders

• Instant smart budgets

• Bespoke reporting & report template library

Instant Smart Budgets and Scenario Modeling

• Description: Offers next-level variance analysis and customizable variance tracking against different financial scenarios.

• Key Features:

• Budgets, scenarios, and predictive analysis

• Visual and graphical data representation

3-Way Forecasting

• Description: Integrated 3-year rolling forecasts updated daily with new data inputs.

• Key Features:

• Aligns Profit & Loss, Balance Sheet, and Cash Flow

• Integrates with Google Sheets

• Customization with formulas and data sets

HR Forecasting

• Description: Planning for salaries, payroll taxes, and future headcount.

• Key Features:

• NI and PAYE calculation

• Pension management

• Headcount modeling through Google Sheets

Multi-Currency Financial Consolidation

• Description: Facilitates the merging of multiple entities across various currencies and software platforms.

• Key Features:

• Supports up to 50 currencies

• Integrates with Xero, QuickBooks Online, and Sage Business Cloud

Recent Developments

• Webinars and Training Sessions:

• A series of webinars were hosted, covering topics such as forecasting, reporting, and cash flow management. Notable sessions include those on October 5, 2023, about accounting strategies and selective workshops designed to enhance advisory services for accounting firms.

• Introduction of new features such as multi-currency consolidations in future webinars scheduled in late 2024.

• Acquisition by Sage:

• The company was acquired by Sage as part of a strategic initiative to bolster support for accountants transitioning from compliance to holistic advisory services.

• New Product Features:

• As detailed in its updates and customer communications, Futrli launched updated reporting features and real-time financial tracking to optimize operational and client management strategies.

• Partnerships: No new partnerships have been explicitly announced within the provided data aside from Futrli's association with Sage.

This comprehensive report offers an overview of Futrli's offerings and their position in the financial technology industry, focusing on delivering advanced cash flow forecasting and financial reporting solutions for businesses and accounting professionals.