North East technology giant Sage has acquired software firm Futrli.
The move to acquire Futrli, which is a cash flow forecasting software solution for small and medium-sized businesses (SMBs) and accountants, is part of Sage’s commitment to support accountants with end-to-end services.
Futrli’s solution is designed to support SMBs to maintain healthier cash flows and is focused on helping businesses to understand current and future cash flow.
Neal Watkins, EVP Product at Sage, said: “I am delighted to welcome the Futrli team to the Sage family and look forward to achieving great things together.
“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.”
‘Futrli by Sage’, which will remain a market solution and continue to be available to SMBs as a standalone product, will be integrated with Sage for Accountants, in a bid to help accountants to combine workflows across their practice in one place.
“For nearly a decade, we’ve had a sole focus of helping our customers to better manage their cash flow, which in turn helps them to make intelligent business decisions. We pride ourselves on our unique 3-way forecasting solution that allows accountants to tailor and personalise based on client or industry need” added Hannah Dawson, CEO and Founder, Futrli.
“We couldn’t be more excited by the opportunity to scale our expertise and bring this to Sage customers.”
Sage, which has four offices in the UK including in Newcastle and more worldwide, also recently unveiled its new rebrand.