Futrli is a forecasting and reporting software that understands your unique business.
Futrli makes it easy for you to understand how your business has performed, how it is currently performing, and how it will continue to perform moving forward.
If you use Sage Accounting, Xero or QuickBooks Online, your organisation can be integrated directly with Futrli. Data will then sync daily, with manual syncs available at any time to ensure the data you are looking at is up-to-date.
In this guide we run through what you're able to do in Futrli, as well as Futrli's key features.
📌TIP: Click the GIF below for a walkthrough tour of Futrli and its various features.
What can you do in Futrli?
In Futrli, amongst other things, you can:
Build cash flow forecasts
Override current unpaid invoice payment terms to build accurate short-term cash flow forecasts
Combine actual data and due invoices with your own predictions
Utilise Futrli's automated predictions, meaning full, accurate financial forecasts can be created for you with the click of a button
Build completely customisable reports
Use a variety of table and graph options to display your actual and forecasted data
Make the most of Futrli's pre-built widgets, or just use one of Futrli's pre-built report templates
Set up automated scheduled report distribution - send out reports automatically at a schedule decided by you
Understand your organisation's unique behaviour with all customers and suppliers
Build your own KPI dashboards - or use Futrli's pre-built versions
Customise your organisations chart of accounts, including with custom account groups
Bring in non-financial drivers, ready to be used in forecasting and reporting
Create detailed formulas in both forecasting and reporting - including the powerful 'if' formula option
Invite an unlimited number of users into your Futrli workspace
Integrate an unlimited number of organisations with either Sage Accounting, Xero or Quickbooks Online. Plans are available for customers with 10+ organisations ready to be connected
What are the core features of Futrli?
Forecasting
Forecasting
Futrli's forecasting feature takes three forms:
1 year P&L
1 year P&L
1 year P&L forecasts are year-long and can be created starting from a month of your choice. You can create them by using last year's actual results, duplicating an existing forecast, using Futrli's auto-predictions, or by just starting from scratch.
You can then lock completed 1 year P&L forecasts to protect them from future amendments.
📌 TIP: Learn more about the 1 year P&L forecast in this help guide.
3 year cash flow
3 year cash flow
3 year cash flow forecasts are a more dynamic method of forecasting. They always start from the current month and show a P&L, balance sheet and cash flow view for the next full three financial years.
Like a 1 year P&L forecast, they can also be created by using last year's actual results, duplicating an existing forecast, using Futrli's auto-predictions, or by just starting from scratch.
📌 TIP: Learn more about the 3 year cash flow forecast in this help guide.
3 year cash flow with due invoices
3 year cash flow with due invoices
3 year cash flow with due invoice forecasts are slightly different. As well as being able to create this forecasting option with those same methods (last year's actuals, using Futrli's auto-predictions and from scratch), you will also find listed all due invoices and bills.
The power in then in your hands, as you override expected payment behaviour for all due invoices, creating even more accurate short-term cash flow forecasts.
📌 TIP: Learn more about the 3 year cash flow with due invoices forecast in this help guide.
In any Futrli forecast you will be able to utilise pre-built auto-predictions. Each account in your chart of accounts is individually examined, trends are evaluated, and algorithms then produce automated predictions.
Any prediction can be toggled off and replaced by manual predictions, created by you. Any account can have multiple predictions created against it, so you're not tied to any prediction, automated or manual.
📎 NOTE: All three options are exportable to Google Sheets, as well as being available for referencing in reporting. The power to create your predictions is available for all forecasting methods.
Who can view Forecasting?
Forecasting is available for all users with access to your organisation in Futrli.
Access to view individual forecasts depends on whether it's in a 'draft' or 'published' state.
Draft - Any forecast a user creates will start off being visible only to that user. It will be in a 'draft' state until it's published
Published - When you publish a forecast, all users who have access to the organisation in question can view it and reference it in a report
📌TIP: Click the GIF below for a walkthrough tour of the Forecasting feature in Futrli.
Reporting
Reporting
The reporting feature is fully customisable. Using the draft and published setup as with forecasting, users can build their own reports before they publish them to colleagues.
You build reports using drag and drop. Just decide:
What type of graph you want (or a table)
What data you want to display
What time frame
📎 NOTE: Every widget you add to a report is completely customisable. You can even update the colour scheme using hex colour codes to match a business's branding.
📌TIP: Click the GIF below for a walkthrough tour the Reporting tool in Futrli.
Performance
Performance
The Performance section in Futrli is where you can conveniently display popular KPIs for your company.
The Customers & Suppliers section tells you what you need to know about where your money is coming from, and where it is being spent. Click into any customer or supplier for a contact deep dive, with payment trends, risk trends, and even a dependency percentage available.
There will then be three KPI dashboards pre-built for you; Cash Flow, Profit & Loss and Balance Sheet. Each is completely editable, so feel free to update it to show what matters to you.
📌 TIP: If you'd rather create your own dashboard, no problem. You can build and add an unlimited number of your own dashboards to the Performance section.
📌TIP: Click the GIF below for a full walkthrough tour of the Performance feature in Futrli.
Integration with accounting software
If you use Sage Accounting, Xero or QuickBooks Online, you can use Futrli to:
Rely on accurately calculated predicted future cash flow, profit and VAT -Automatically track the changes of your business’ predicted future
Compare different scenarios - Effortlessly make the right choice for your business with a multi-dataset comparison
Make your own predictions to de-risk the choices you make - Your business is more than a bank account. Predictions span every area of your business
Learn about your customer trends and risks - Take action on the customers anticipated to cause issues before they do
The best time to pay bills is predicted - Taking all revenue and commitments into consideration, you’ll understand when to pay without exposing yourself to unwelcome surprises