FuTex

What FuTex does

FuTex is a privately held, founder-owned software company founded in 1993 and headquartered in Omaha, Nebraska. The company develops and sells FuTex Complete Fund Accounting, a Windows-based, on-premises fund accounting software system targeted at K-12 schools and nonprofit agencies in the United States, with customer organizations ranging from 50 to 2,000 employees. The product is built around government reporting requirements and is supported by an integrated suite of twelve modules covering General Ledger, Accounts Payable, Accounts Receivable, Payroll, Fixed Assets, Inventory Management, Invoicing, Purchase Order, Budget Builder, Travel Advance, Remote Requisition, and Loan Program, with features such as up to 36 accounting periods, 8-year onscreen history, module-level password protection, and custom report writing.

The technology stack is a legacy Windows-compatible client/server accounting platform with support for mainframe environments, user-friendly drop-down menus, and onscreen previews before printing; there are no disclosed APIs, cloud-native components, mobile applications, or third-party integrations. Commercial activity is conducted via direct phone-based sales (402-915-5775) and website contact forms, paired with a stated service area of eight states (Nebraska, Wyoming, Montana, North Dakota, South Dakota, Minnesota, Kansas, and California). FuTex monetizes primarily through one-time software licensing supplemented by conversion, implementation, training, ongoing support, and audit support services; no public pricing tiers, subscription model, or recurring revenue component is disclosed.

FuTex operates as a small, independent private company with no disclosed parent, subsidiaries, venture capital or private equity backing, executive leadership team, headcount, or financial figures. The customer base is concentrated in two vertical segments (educational institutions and nonprofit agencies), and the marketing footprint is modest, comprising a website plus minimal social media presence on Facebook, Twitter, and LinkedIn.

Name

FuTex

Legal name

FUTEX

Website

https://futex.com

Company type

Private

Founded year

1993

Operating status

Operating

Short description

FuTex, founded in 1993 in Omaha, Nebraska, develops FuTex Complete Fund Accounting, a Windows-based integrated fund accounting software system for K-12 schools and nonprofit agencies (50 to 2,000 employees) across eight Midwestern and Western U.S. states, sold via direct phone-based sales with conversion, implementation, and training services.

Ownership category

akta.pro rank

Product category

Fund Accounting Software

SIC

Finance Services (6199)

akta.pro industry

PRIMARYBPAAAGAC

General Ledger & Close (Journal Entries, Month-End Close, Reconciliations)

Business & Public Services/Administrative & Support Services (BPO, Call Centers, Back Office)/Finance & Accounting Outsourcing (AP/AR, GL, Billing)

Keywords

• Fund accounting software
• Government accounting
• Nonprofit accounting
• School accounting
• Windows accounting software

Headquarters

HQ city

Omaha

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Software Licensing: FuTex Complete Fund Accounting software licensing, providing a complete integrated accounting system with modules for government and nonprofit organizations.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

FuTex sells FuTex Complete Fund Accounting, a fully integrated Windows-based accounting software system developed for schools and nonprofit agencies. The system combines General Ledger, Accounts Payable, Accounts Receivable, Payroll, Fixed Assets, Inventory Management, Invoicing, Purchase Order, Budget Builder, Travel Advance, Remote Requisition, and Loan Program modules, and meets government reporting requirements with full conversion, implementation, training, and ongoing support services.

Product overview

FuTex Complete Fund Accounting is a single, unified fund accounting software system offered as a fully integrated platform with multiple add-on modules. The core system (FuTex Complete Fund Accounting) provides comprehensive accounting capabilities with Windows-based compatibility and mainframe platform support. It is complemented by twelve modules: General Ledger (automated bank reconciliation, financial reporting, audit trails), Accounts Payable (vendor management, prepaid processing), Accounts Receivable (customer activity, aging reports), Payroll (tax maintenance, direct deposit, time card processing), Fixed Assets (asset tracking, valuation), Inventory Management (LIFO/FIFO support), Invoicing, Purchase Order (vendor inquiry, hold/release), Budget Builder (actual vs. budget tracking), Travel Advance (employee advances), Remote Requisition (standalone or integrated), and Loan Program. The modules are designed to work together as an integrated system to meet government reporting requirements for schools and nonprofit agencies.

Differentiator

Problem solved

Functional benefit

Brands

• FuTex Complete Fund Accounting: A powerful, fully integrated fund accounting software system that is compatible with Windows-based operating systems, supports mainframe platforms, and meets all government reporting requirements.

Products and services

• FuTex Complete Fund Accounting A fully integrated, Windows-compatible fund accounting software system designed for schools and nonprofit agencies (50 to 2,000 employees). Includes twelve integrated modules (General Ledger, Accounts Payable, Accounts Receivable, Payroll, Fixed Assets, Inventory Management, Invoicing, Purchase Order, Budget Builder, Travel Advance, Remote Requisition, Loan Program), supports up to 36 accounting periods, maintains 8 years of history onscreen, and provides audit trails, state and federal reporting, laser check printing, and custom report writer. Customer deliverables include full conversion, implementation, training, and ongoing support.

Quantifiable outcome

• Supports organizations with 50 to 2,000 employees
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators2 records

Recent moves3 records

Expansion highlights3 records

Direct peers

• AccuFund: Fund accounting software for nonprofits, government, and public sector organizations. Offers cloud and on-premise deployments with modules closely matching FuTex's GL, AP, AR, payroll, and budget tracking.
• Abila (Community Brands): Cloud-based fund accounting and CRM solution for nonprofits and associations. Competes head-to-head with FuTex in the nonprofit vertical with comparable GL, AP, payroll, and reporting capabilities.
• Fund EZ: Fund accounting software purpose-built for nonprofits and government agencies, with modules for general ledger, AP, AR, payroll, and grants management — closely aligned to FuTex's feature set and vertical focus.
• MIP Fund Accounting (Community Brands): Direct competitor in fund accounting software for nonprofits and government entities, offering both on-premise and cloud deployments with modules for GL, AP, AR, payroll, and reporting. Closely aligned to FuTex's vertical and feature set.
• Travis Software: School accounting and HR software for K-12 districts. Directly overlaps with FuTex's K-12 customer segment and offers comparable modules for payroll, AP, AR, and fund accounting.

Broad incumbents

• PowerSchool: Dominant K-12 student information and finance platform. While broader than FuTex, its finance and HR modules target the same K-12 buyer and increasingly encroach on FuTex's fund accounting footprint.
• Serenic Software (now part of Microsoft Dynamics 365 Business Central): Fund accounting extensions for nonprofits and government built on Microsoft Dynamics. Competes in the same vertical as FuTex, leveraging the Microsoft/Windows ecosystem — historically a similar channel and target customer.
• Blackbaud: Dominant cloud software provider for nonprofits and K-12 schools, offering accounting, fundraising, and student information systems. While broader in scope, its Financial Edge NXT product directly competes with FuTex's fund accounting suite.

Emerging players

• Sage Intacct: Cloud-native mid-market financial management platform with a nonprofit industry edition. Increasingly winning deals in the nonprofit and mid-market segments where FuTex historically sold.
• QuickBooks (Intuit): Mass-market small business accounting platform used by many smaller nonprofits and schools at the lower end of FuTex's 50–2,000 employee target range. Represents the downmarket alternative that often displaces vertical-specific software.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FuTex