Sage Group acquires Futrli for cash flow management

Software company Sage Group has acquired UK-based cash flow forecasting software platform for SMBs and accountants Futrli.

Founded in 2014, Futrli provides a tool for SMBs to maintain healthier cash flows to grow their business and reach their potential. The company’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.

In line with Sage’s focus on supporting accountants with services that span from proposal to advisory ‘Futrli by Sage’ will be integrated with Sage for Accountants, helping accountants to combine workflows across their practice in one place, with a simple per-client pricing model.

Neal Watkins, EVP product at 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.”

Hannah Dawson, CEO and founder at Futrli, said, “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. We couldn’t be more excited by the opportunity to scale our expertise and bring this to Sage customers.”

Uplinq Financial Technologies, a global credit assessment platform for small-to-medium sized business (SMB) lenders, recently raised $3.5m in a pre-seed funding round. Uplinq’s technology enables SMB lenders to use billions of unique and validated data signals that go beyond traditional credit indicators, to help make the most accurate decisions possible.

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