Challenge

Bacchus Advisory aren’t afraid of a test. Their steadfast attention to detail has ensured they have attracted clients with unique requirements. These clients bring with them different forecasting, advisory and compliance needs. Clients need reliable forecasting to help make difficult decisions in knowing how to expand, when to hire, and when to spend. They are looking for innovative solutions that are flexible and easy to adapt. What’s more, this information needs to be communicated in a clear, easy-to-understand format that speaks to their clients.

Solution

Adoption of Futrli across Bacchus Advisory’s clients has helped facilitate extended advisory and forecasting offerings. Once onboarded, clients have access to comprehensive 3-year business forecasts that clearly explain highly accurate cash-flow predictions for their business. Instant, flexible, visual reporting solutions are offered to clients that need meaningful and articulate information.

Results

Clients feel confident with Bacchus Advisory. Easy-to-use reporting ensures clients return to Bacchus Advisory for their forecasting and advisory needs. Futrli has redefined Bacchus Advisory’s reporting offering. Forecasts that would ordinarily take around 3 days to produce with traditional accounting methods now take moments with clients after being onboarded. Futrli enables Bacchus Advisory to spend more time building their advisory services and less time in spreadsheets. The reports make sense to their clients and therefore they spend less time explaining the data.

Interview in full

Tell Us About Bacchus Advisory

‍Bacchus Advisory are a multi-service accountancy firm based in Pyrmont, Sydney.  

Founded in 2004, the firm offer a variety of different  compliance, advisory, and forecasting services to clients  across New South Wales. As an accountancy firm, they believe in ‘bringing life to numbers’, and are always on the lookout for  ways to communicate their work in accessible and insightful ways.

What challenges did you face before finding Futrli?

Bacchus Advisory faced a demanding challenge in 2020 when approached by a client to prepare a 3-year cash flow forecast for an Australian subsidiary of a French multinational company.  

Without Futrli, Bacchus Advisory set to the task of managing  the 25 different business units, creating scenarios across  spreadsheets before overlaying them to provide forecasts to the parent company. Needless to say, this was a fiddly and  complex undertaking.  

Bacchus Advisory managed this laborious task all through Excel spreadsheets. Coming out the other side, Associate Director, Lisa Maletta knew there had to be more innovative solutions. Bacchus Advisory wanted to improve efficiency and spend more time generating forecasting solutions for clients.

Why did you choose Futrli?

Looking for technology solutions, Lisa discovered Futrli through an industry referral. This contact had tried other tech based solutions but believed Futrli to be better. They were not disappointed.

Futrli’s reporting feature ensured Bacchus Advisory were sold on the product. In keeping with their ethos of bringing life to  numbers, suddenly the firm was able to communicate through  new media. Spreadsheets were translated into exciting and innovative graphics, charts and diagrams. Clients were able to engage with their financial information in a more purposeful and actionable way.  

Bacchus Advisory’s earliest success with Futrli occurred when they used the product with a major wholesaler. In three days, the firm was able to dig down into the operational guts of the business and put together forecasting presentations complete  with reports. These reports were easy to adapt and change without any real effort. Bacchus Advisory retained the client for future advisory work as they were blown away by the level of reporting detail they received.  

Reporting features have just become even better with new  innovations from Futrli. Its new drag-and-drop canvas, prebuilt templates, pivot tables, report scheduling, and complete style flexibility takes reporting to the next level.

How have your clients responded to Futrli?

An exciting new green energy provider who makes community batteries reached out to Bacchus Advisory for reporting  services. This client, who was raising millions of dollars in capital and whose CEO had worked in investment banking, said that Bacchus Advisory’s reporting was better than any he had seen during his career.

This reporting has been fundamental to the packs that are sent out to the client’s investors. The company have been able to share their successes to investors and proudly advocate for Futrli. Futrli has surpassed Bacchus Advisory’s client’s expectations of what reporting can do and ensures high client retention.

How does using Futrli set you apart?  

Bacchus Advisory are a voice of progress and change. They believe there is more to the industry than being buried in spreadsheets and producing reports that don’t speak to clients.  

Forecasting reports that once took days to produce can now be produced in a matter of hours. Bacchus Advisory have more time for their clients and are building relationships of trust in the industry. They are the change they want to see in the industry. Their extremely high standards for forecasting, cash flow predictions and reporting ensure that they are early adopters of software and are future minded. Much like their clients, they think several years into the future, are adaptable, and out to give their clients the best.

With turnover up 10% this year, the numbers speak for themselves. Bacchus Advisory are now in the process of rolling out a new website, branding, and a whole advisory offering built around Futrli’s reporting and forecasting functions.