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Modelling tools from the UK developer can tackle one of the industry’s biggest issues.
HR predictions in Futrli help staffing challenges
20 February 2023
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3 minute read
UK-based accounting software provider Futrli says its modelling tools will help accountants predict the future labour requirements of businesses confront a talent drought.
Data from the Australian Bureau of Statistics (ABS) showed almost one-third of businesses have difficulty finding suitable staff while a 2023 report from KPMG Australia called out staff retention, recruitment and retraining as the number one issue keeping business leaders up at night.
The KPMG survey of more than 400 business leaders found 77 per cent nominated talent as their biggest challenge in 2023 compared to 69 per cent last year.
Futrli head of advice Dan Daly said prediction technology developed by the group would help accountants advise clients on resource management.
“We’ve created a solution that supports the evolution of that accountant-client relationship into something that is proactive,” Mr Daly said. “We put data at the heart of strategic decision-making.
“With Futrli Predict, businesses can use scenario modelling for staff turnover and staff utilisation, which means greater certainty around resource planning.
“Businesses are therefore better informed and well positioned to make those important hiring decisions.”
He said the platform had become a powerful force internationally for practices looking to build superior advisory offerings.
From a technology perspective, Futrli Predict gave accountants control over predictions with four methods of overriding the algorithm: formula, repeating, unit-based and freestyle.
“As the relationship between accountants and businesses deepens, it moves beyond commoditised services toward value-based services,” Mr Daly said.
“You can’t commoditise good-value advisory. Predictive solutions give practices that additional confidence to build a formidable advisory business that delivers value and prices on value.”
The software provider’s latest white paper, the Futrli Guide for Advisory Services: The Power of Predictive Modelling, presents a fresh approach to advisory services.
Download the guide today or start your free 14-day trial to see how accurately predicting the future could transform your advisory offering.
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