00
Days
00
Hours
00
Minutes
00
Seconds
Cash flow at risk? 📉 Register for 'Top 10 common cashflow hurdles your clients face'
Register Now!

Empowering Accountants: How to Embrace Uncertainty with Futrli

The future is far from certain. Find out how Futrli helps accountants wade their way through murky, grey, “This might happen”-type scenarios.

Accountants are brilliant—there’s no denying that. However, even experts can sometimes get things wrong, especially when trying to predict the future. Past performance is a fantastic indicator of future performance, but it’s not infallible. Your clients’ businesses might be rocked by losing a large customer. Their staff might leave en masse if your cash-strapped clients can’t increase wages in line with inflation. A problem at their factories could grind production down to a standstill.

This isn’t meant to strike fear into you—we just want to highlight that anything can happen. The future is far from certain. Such uncertainty might make some accountants hesitant to predict their clients’ future. They’re not 100% certain they’ll be right, so they avoid advising clients whatsoever for fear of getting it wrong. Accountants are generally more used to operating in black and white, the numbers don’t lie. However, they may feel uncomfortable wading their way through murky, grey, “This might happen”-type scenarios.

That’s why Futrli allows accountants to play around with their clients’ predictions. Our platform does far more than just spit out what we think will happen to businesses going forward: how much cash they’ll generate, spend, owe in taxes, and have in the bank. The algorithm is flexible, allowing accountants to adjust their clients’ figures and determine the impact this will have on their business.

What would happen if they switched their VAT scheme at the end of their current accounting period? Thinking of launching a new product line? Great—what sales volume and ramp would they need? How much can they afford to spend on marketing this new product?

Customise your clients’ predictions at will. Conduct financial dry runs to predict how changing one element of their business will impact their income, expenses, profitability, taxes, and more. Advise them on a range of potential scenarios, not just what will happen if their business continues performing exactly how it has performed to date.

After all, when is business ever consistent and unchanging?

Gain an automated assistant

Entrepreneurs’ businesses are their babies. They care intensely about how their ‘baby’ performs, and they’re keen to learn all they can to improve its prospects.

So, what does this mean for you as their trusted financial advisor?

They don’t just want to hear how you predict their business will perform, and what you’d advise them to do based on these estimates. They also want to know why you’ve come up with each particular figure. This is especially true if they hope their business will perform better than your forecast has indicated.

You could, of course, manually take them through every single aspect of your manual cash flow forecasts. It’s doable—but it’s hardly fun for either party. Poring over dense spreadsheets and trying to bring the figures to life is a time-consuming, yawn-inducing activity.

With Futrli, however, you can remove the manual effort from explaining your rationale. Simply click on each prediction to bring up our automated prediction assistant, which will outline exactly why it has generated that figure. Make it as easy as possible to back up your predictions and build trust in the advice you provide off the back of these figures.

Advise your clients like never before

Futrli bridges the gap between accessing your clients’ figures and providing invaluable business-building advice. Cut down the time it takes to generate detailed cash flow forecasts.

Provide more accurate predictions that account for every single aspect of your clients’ operations.

Turn regular check-ins into vital opportunities to advise businesses on how to maximise growth and minimise risk. Play around with the predictions, assessing what would happen in a range of different scenarios, and rely on an automated prediction assistant to bring complex predictions to life in a simple, easy-to-understand manner.

It’s high time for accountants to become trusted business advisors. Implement Futrli today and take your firm’s first steps towards building an advisory-focused future.

Watch the Webinar Recording

Start Your Free Trial

Let informed predictions and powerful reporting guide your business. Be ahead of the curve with Futrli.

Get business advice here

Our blog holds tips, how to’s and general business advice.

Futrli News

Futrli's February 2024 Release

This is some text inside of a div block.

Heading

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat.

Futrli News

Futrli's February 2024 Release

Accountants

3 Apps to beat accounting blues and scale your firm

Chris Downing catches up with three accounting app innovators to discuss the apps that they have developed that directly help accountants.

Accountants

Where most prediction software falls short

Tread carefully when looking for prediction software. Find out how to dig deeper into your predictions with the tools that count.

Small Businesses

Cash is King! 4 ways to keep your cash flow healthy.

Cash flow is essential to your business’ survival. Read our top 4 tips for taking control of your cash flow.

Small Businesses

10 Common Cash Flow Forecast Hurdles

If there’s one thing that all small and medium-sized enterprises should prioritise, it’s their cash flow. Read on to find out the top 10 most common issues.

Accountants

Empowering Accountants: How to Embrace Uncertainty with Futrli

The future is far from certain. Find out how Futrli helps accountants wade their way through murky, grey, “This might happen”-type scenarios.

Small Businesses

Inflation affecting your hospitality business? Take back control with these three steps.

Acting quickly is key to ensure you can ride out the incoming storm. Find out more in this article.

Small Businesses

Why cash flow forecasting helps businesses survive downturns in trade

Learn how cash flow forecasting is crucial for surviving slower trading periods.

Accountants

The 7 reasons why SMEs struggle with cash flow management

Find out the 7 major reasons why your clients’ businesses struggle to achieve a positive, healthy, consistent cash flow.

Accountants

Take clients from compliance to scenario planning in five steps

Scenario planning helps your clients imagine different environments or realities in the future, guiding the plans and decisions your clients make.

Accountants

Flash reports and why to build them

This short guide covers what Flash Reports are and how you could use them as a speedy solution for your clients’ reporting needs.

Small Businesses

Head of Accounting and Futrli COO discuss challenges and solutions for small businesses.

Read Dan and Helen’s thoughts on how SMEs can protect themselves during what is set to be a challenging year.