13 Best Financial Management Software - Best Software To Manage Corporate Finances


Best Software To Manage Corporate Finances

Do you have a successful business but don't have an expert to manage your finances? Are you getting tired of recording investments, resources, sales, and financial reports manually in your Excel sheet?

Yes, right? You should not worry about anything anymore because we have brought you the best Financial Management software that will help you achieve everything from cash management to invoicing and accounting, and more.

In this article, we'll deeply discuss about the best finance management softwares and why you should use these softwares to track your expenses, cash flows, investments, and invoices. All these metrics help your business grow. We'll also talk about their features, benefits, and software plans & costs.

So, without further ado, let's get started.

But first,

What is Financial Management Software?

Financial management software is a type of software that helps individuals and businesses manage their finances, including income, expenses, investments, and budgeting. There are many different types of financial management software available, ranging from personal finance apps to enterprise-level solutions.

What are the Best Financial Management Software for 2024?

1. QuickBooks

From tax and payroll accounting to profit analysis and inventory management, QuickBooks can do it all, depending on which version you pay for. Whether you're a sole proprietorship or a growing startup, QuickBooks Online has a build and pricing to meet your needs. Plus, whichever version you choose, you'll get access to the QuickBooks mobile app,  one of the top-rated small business apps on Apple's App Store. 


2. Xero

Xero is web-based accounting software mainly for small businesses and startups located in New Zealand. It is mainly used by accountants and bookkeepers. It is so easy to use that it doesn't require any prior knowledge of accounting. While it is web-based accounting software, it can also be accessed from Android or iOS devices using its cloud storage feature. Business owners can send invoices to their clients, create expense claims, etc. It supports Fast bank reconciliation. It can also integrate with your financial institution and over 800 add-on apps. Users can be aware of their cash flows and have up-to-date financial reports. The collaboration system of this software is another advantage of using Xero as your accounting software.

Xero Accounting Software

3. Zoho Books

Zoho Books is a multi-purpose accounting software to manage everything that comes related to money management. It offers automatic bank feeds, a collaborative client portal, accounting & taxing features, online payments, invoice templates, and analytical reports. It is an end-to-end accounting tool for every type of business that manages finances across an entire organization. It is a web-based system which means users can access it using the web browser without any need of installing or downloading it. Accountants can manage previous invoices, perform automatic recurring invoices, set up payment reminders, and also receive payments through online payment gateways.

Zoho Books

4. NetSuite

NetSuite is a unified Enterprise resource planning (ERP) software. It helps organizations achieve business growth and progress by optimizing business processes. It automates the business processes and stores the activities in a cloud platform with high-end performance. The software efficiently improves financial processes and enhances business reporting. What things are costing the most and what money comes in and out, everything is managed by the Netsuite ERP accounting software. Data storage and fast cloud security are the main reasons why you should get your hands on it.

Oracle NetSuite

5. Acumatica Cloud ERP

Acumatica Cloud ERP is a modern, cloud-based Enterprise Resource Planning (ERP) and online financial management software for small to large businesses. It features various features to manage finances, investments, reporting, and analytics. It has a set of features for financial management, accounting, and reporting for different industries, such as construction, commerce, and field service. Acumatica ERP solution is known for its usability, role-based access control, and real-time threat monitoring, thus a suitable choice for small, mid, and large businesses.

Acumatica Cloud ERP

6. SAP Business One

SAP Business One is an organizational ERP solution for small and mid-sized enterprises. It offers all its features under a single dashboard. This ERP and Financial Management software has many features for business growth, such as accounting, financials, purchasing, inventory, sales, customer relationships management (CRM), reporting, and analytics. This web-based software can be accessed from any mobile device and can be integrated into third-party applications for business intelligence, and quick deployment. SAP Business One is highly customizable and extendable as a business grows.

SAP Business One

7. Oracle Financials Cloud

Oracle Financials Cloud is an advanced financial management software that helps organizations automate and streamline many financial processes, such as modules for general ledger, intercompany accounting, payables, receivables, payments, cash management, tax, expenses, and assets. Oracle Financials Cloud provides real-time reporting, business intelligence, and mobile data access, allowing for better decision-making and risk management. It also offers configurable dashboards, simple data visualizations, and graphical views of real-time financial data in data charts & graphs formats. Additionally, Oracle Financials Cloud uses AI to automate common transactions and increase efficiency effortlessly.

Oracle Financials Cloud

8. Microsoft Dynamics 365 Finance

Microsoft Dynamics 365 Finance is an intelligent, automated, and trusted core financial management solution offered by Microsoft. It provides a comprehensive set of features for financial management, including general ledger, accounts payable, accounts receivable, cash management, and financial reporting. The platform is designed to help organizations assess the health of their business, improve financial controls, and make data-driven decisions that drive agility and growth. Dynamics 365 Finance also offers industry-specific solutions and integrates with other Microsoft products such as Power Platform and Azure. The solution is available for a monthly subscription fee and is part of the larger Dynamics 365 suite, which includes a range of business applications for various functions.

Microsoft Dynamics 365 Finance

9. Cube

Cube is a great alternative to QuickBooks and Xero financial management software. Cube money management software offers a financial planning and analysis (FP&A) platform for organizations that streamlines financial forecasting, workflow management, and budgeting operations. It is a highly customizable and scalable platform that aligns with business requirements for existing tech stack, including ERP, CRM, HRIS, and business intelligence systems. It is a useful tool for bringing real-time insights together and turning those insights into impactful reports. Cube also offers a customizable dashboard, automated workflows, audit trail, custom APIs, source systems integrations, report templates, formulas and calculations, and many more features. Ultimately, the software is designed to be easy to use and effortlessly work in Excel, Google Sheets, and Cube's own platform. 

Microsoft Dynamics 365 Finance

10. FloQast

FloQast is a robust accounting workflow automation solution, designed to perform the financial data process and provides powerful analytics for accounting operations. It features all accounting operations under one single platform where teams can check progress and collaborate across internal and external teams. FloQast is used by many popular companies around the globe, such as Zoom, Twilio, Shopify, Snowflake, Roblox, DocuSign, Okta, and many more. It features a special checklist to see exactly what you need before closing from requesting information from department heads to confirming payments. It offers features like custom tasks, progress reports, managing all of your reconciliations in one place, audit findings, control and risk management, and more.

FloQast Accounting and Financial Management Software

11. OneStream

OneStream is an all-in-one business performance management software that provides features for financial consolidation, planning, reporting, and analysis under one unified platform. It aims to modernize finance departments, reduce costs, and increase business flexibility by adapting to business changes as per their organizations' needs. OneStream offers an easy-to-use platform so that organizations can quickly make detailed plans and data-driven decisions. It helps businesses by providing unifying data management, financial close and consolidation, planning, reporting, analytics, and machine learning. It empowers finance and operations teams with AI-enabled insights to make informed decisions, which grows their business.


12. Sage Intacct

Sage Intacct is an online cloud-based management software, specially designed for small and mid-sized businesses to manage finances and accounts as well as automate workflows. Sage Intacct is popularly used for handling general ledgers, accounts, cash management, order management, inventory management, and more. The software has excellent reporting and analytics features that provide real-time insights into the financial data so that you can make good decisions. It also provides over 150 pre-built reports and a dashboard and you can also create custom reports and queries as well.

Sage Intacct

13. Buxfer

Buxfer is a powerful financial management software that offers budgeting, expense tracking, and investment management features. It provides users with the ability to visualize spending trends, set budgets, and receive alerts on their financial activities. Buxfer supports multiple account management and offers a well-designed and easy-to-use interface. Buxfer is a web-based financial management application and also offers an Android app for transaction entry wherever you are. It is known for its user-friendly interface and advanced financial management features, which are best suited for individuals and businesses of all sizes.