Advice + Tax + Accounts for smart business owners.
February 19th 2019

Integrated reporting and forecasting with Futrli

Modern business technology has opened up all sorts of opportunities for the small business owner to operate more effectively.

In a financial context there has been a dramatic shift away from traditional desktop-based accounting products like Sage 50, to cloud based options including Quickbooks Online and Xero.

In recent weeks we have been researching a cloud-based product called "Futrli" that works in conjunction with Quickbooks or Xero to bring a whole new level of reporting and forecasting capabilities to the small business. We like the product and we think many of our small business customers will, too. Let me explain...

Futrli is basically a cloud-based tool that integrates with your Quickbooks or Xero package to help you make sense of your business's finances. You can use Futrli to:

  • create fully customisable "dashboards" to help you stay in control of your business;
  • generate clear and visually appealing financial reports based on "real time" data;
  • define and report on the key performance indicators that really matter to your business;
  • forecast and manage cashflows - daily, weekly or monthly;
  • create professional business plans and financial projections;
  • critically assess the financial impact of different scenarios; and
  • set up fully automated alerts to warn you when things are going "off-track".

One of the things we like most about the product is that it seems to be very flexible and can be quite finely tailored to the specific, unique needs of each individual user, so that reports, alerts and KPI's can all be set to the specific needs of the business.

If you're struggling to visualise how Futrli works, have a look at this short video:

Another important point we have found is that with a little investment of time at the beginning, Futrli can then deliver most of the real-time reporting benefits with practically no extra effort, beyond ensuring that the underlying financial data in Quickbooks or Xero is accurate and up to date (which should be happening anyway!).

Futrli also provides a great platform for the small business owner to collaborate with their advisors through analysing and testing different financial scenarios.

Since we first mentioned Futrli in the December 2018 newsletter, we know that at least one local business has already signed up and they are reporting that they really like the product. Ryan, Steve and Diane have all been working up to full product certification for the last few weeks and are now able to provide full implementation support to Orkney and Edinburgh based businesses.

Futrli normally retails at £29.99/ month and we also offer a range of implementation and training packages which are designed to help you get the maximum benefit from your investment in the product.

We are currently offering a free one-hour demonstration to business owners who are interested in finding out more about Futrli. Get in touch today and we'll set up a free demo for you, based on your own business's requirements.


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