FutureView Systems: Accelerating the Path to Building a Mature Finance Function

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John Baule, Co-Founder and CEO
Imagine you just closed a round of funding and your new investors demand new reports and metrics that require aggregated data from multiple systems. FutureView Systems enables you to solve these problems by rapidly accelerating the maturation of your finance function.

Using a combination of cutting-edge technology and tried-and-true methodologies developed from decades of hands-on finance experience, FutureView helps small and medium businesses (SMBs) quickly develop their finance functions to operate in the same way that they do in more seasoned companies. Accelerating this lengthy and oft-painful development process helps SMBs make informed decisions much earlier, reaping the benefits of good decisions earlier in their growth cycle.

FutureView Systems was established in 2018 to help SMBs address the common finance issues they face: spreadsheet proliferation, version control, manual processes, and lack of a common financial scoreboard. After numerous conversations with CEOs revealing these common finance-related headaches, FutureView Systems’ founders realized they had a battle-tested blueprint to solve them.

FutureView delivers its services through two software solutions (Foundation and the Platform), as well as Finance Transformation services to assist clients in improving the supporting finance infrastructure. Foundation is a core technology that eliminates the tedious task of extracting data from the general ledger system each month and re-organizing the resulting mish-mash of data into coherent Excel reports. It automatically extracts data from the G/L system at a transaction level, and transforms it automatically with coherent, organized financial data to be consumed in Excel, saving hours of repetitive effort by overworked financial analysts. The direct integration to the G/L system means that the data and all derived reports are automatically updated for new data, eliminating version control issues.

The FutureView Platform utilizes multidimensional On-Line Analytical Processing (OLAP) tools to layer on a sophisticated web-based reporting, forecasting, and planning process. With this platform, clients who previously spent agonizing months managing the mechanics of a budget process are not only able to complete budgets in a few weeks but can also add monthly forecasting to provide more current visibility to the business.
The Platform also makes it easy to run multiple versions and plan for different scenarios. All of this can be implemented in seven to ten business days, taking two weeks to transform a company’s budgeting and forecasting process.

A case in point is Spoonflower, a custom print-on-demand eCommerce company that was recently acquired by Shutterfly. The client was heavily dependent on Excel, NetSuite, and its homegrown systems for consolidating financial data. The COVID-19 pandemic resulted in a surge in demand, which required an extensive and rapid scenario planning and forecasting exercise. Brad Schomber, Spoonflower CFO, credits FutureView for enabling the company to be proactive instead of reactive at a critical time, enabling its senior managers to do their job expeditiously to promote insightful conversations within the team to make quicker decisions.


Providing a rapidly growing SMB with a Fortune 100 quality finance function offers some powerful possibilities for enhanced outcomes

In the hierarchy of needs, budgeting and forecasting are higher-level aspirations for many SMBs struggling just to close the books and create reporting packages. FutureView has the finance expertise to provide Finance Transformation, advising clients on everything from how to best organize the finance function, set up departmental structure, define the appropriate sources of truth, implement a responsibility matrix to create financial accountability and help streamline the monthly closing process which CEO and co-founder John Baule describes as the “electricity” that empowers all higher-level finance activities. Whatever it takes to enable the client to utilize their platform effectively. The FutureView Platform represents the point where financial information is converted into the raw material for organizational decision-making—as Baule says, “The numbers fade away and the underlying business choices take center-stage.”

Company
FutureView Systems

Headquarters
Oakton, Virginia

Management
John Baule, Co-Founder and CEO

Description
Provides transformative finance solutions and tools to break down silos, operate as a more efficient and sophisticated finance function to offer greater value to the business.

FutureView Systems