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24 Best Financial Management Software in 2020
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Recently Added Products
Nidhi Software Nidhi Software is fully secure and customizable online software. Nidhi Software, specially desi...
by QmarkSoft
Starting Price₹25,500.00LifetimeFeatures :Supported Platforms :Deployment :- 1567 Interested
- 1149 Added to Cart
- 2159 Requested Call Back
Cogxim Vaanijaya Cogxim Vaanijaya is a comprehensive financial management software that helps you in recording accoun...
Starting Price₹12,000.00LifetimeFeatures :Supported Platforms :Deployment :- 1459 Interested
- 940 Added to Cart
- 2162 Requested Call Back
IDOS - Accounting and Finance Software IDOS is India’s first Cloud Accounting and Finance Software which handles end to end accounting ne...
by IDOS India
Starting Price₹5,000.00/MonthFeatures :Supported Platforms :Deployment :- 1247 Interested
- 928 Added to Cart
- 2351 Requested Call Back
D365 Finance & Operations D365 Finance & Operations, stands out as the most comprehensive, multiple language, multiple cur...
PRICE ON REQUESTFeatures :Supported Platforms :Deployment :- 1600 Interested
- 936 Added to Cart
- 2833 Requested Call Back
Smart Books ERP financial modules brings the visibility into financial transaction of a company. Thus that secto...
PRICE ON REQUESTFeatures :Supported Platforms :Deployment :- 1355 Interested
- 908 Added to Cart
- 2921 Requested Call Back
Supported Platforms :Deployment :- 1269 Interested
- 945 Added to Cart
- 2886 Requested Call Back
GnuCash GnuCash is personal and small-business financial-accounting software, freely licensed under the GNU ...
by The GnuCash
PRICE ON REQUESTFeatures :Supported Platforms :Deployment :- 1350 Interested
- 1101 Added to Cart
- 2585 Requested Call Back
MoneyFacts Moneyfacts is an efficient billing and accounting software that comes with the capability to ma...
by Intelliob
PRICE ON REQUESTFeatures :Supported Platforms :Deployment :- 1285 Interested
- 1029 Added to Cart
- 2227 Requested Call Back
Prime Financial Accounting Software Prime Financial Accounting Softwatre is one stop shop for all automation needs helping man...
by Prime
PRICE ON REQUESTFeatures :Supported Platforms :Deployment :- 1220 Interested
- 1130 Added to Cart
- 2512 Requested Call Back
Bachat Gat Software What is Bachat Gat Software? Bachat Gat Software is a financial management software develop...
by RSL
PRICE ON REQUESTFeatures :Supported Platforms :Deployment :- 1274 Interested
- 1122 Added to Cart
- 2580 Requested Call Back
Infor Enterprise Financial Management It is a financial management software.Get a real-time view of all the moving parts that make your bu...
by Infor
PRICE ON REQUESTFeatures :Supported Platforms :Deployment :- 1241 Interested
- 914 Added to Cart
- 2978 Requested Call Back
VIRMATI FMS Solution Finance is the heart of any organization/entity as almost every department or activity in the o...
by VIRMATI
PRICE ON REQUESTFeatures :Supported Platforms :Deployment :- 1434 Interested
- 906 Added to Cart
- 2632 Requested Call Back
Two Wheeler Finance's Management Software Affordable for independent auto dealer's offering financing modules with integration to leading ...
by Elixir
PRICE ON REQUESTFeatures :Supported Platforms :Deployment :- 1305 Interested
- 1122 Added to Cart
- 2011 Requested Call Back
HyperSoft Portfolio Management Software For easy management and real-time valuation of your trading and stock portfolios.Portfolios can incl...
PRICE ON REQUESTFeatures :Supported Platforms :Deployment :- 1578 Interested
- 937 Added to Cart
- 2410 Requested Call Back
Supported Platforms :Deployment :- 1426 Interested
- 910 Added to Cart
- 2437 Requested Call Back
WebInfo Non Banking Financial System Webinfo Non-Banking Financial system is a real estate software that follows a hierarchical system. T...
Starting Price₹40,000.00Features :Supported Platforms :Deployment :- 1343 Interested
- 964 Added to Cart
- 2449 Requested Call Back
Supported Platforms :Deployment :- 1459 Interested
- 1195 Added to Cart
- 2945 Requested Call Back
Supported Platforms :Deployment :- 1445 Interested
- 1171 Added to Cart
- 2338 Requested Call Back
Supported Platforms :Deployment :- 1205 Interested
- 1052 Added to Cart
- 2852 Requested Call Back
Supported Platforms :Deployment :- 1385 Interested
- 985 Added to Cart
- 2544 Requested Call Back
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Last Updated on : 26 Feb, 2020
Buyer's Guide for Top Financial Management Software
Found our list of Financial Management Software helpful? We’re here to help you make the right choice and automate your business processes. Let’s discover some of the essential factors that you must consider to make a smarter decision!
What is Financial Management Software?
A financial management software is a solution that every organization needs to oversee its expenses and income in order to maximize profits and maintain a sustainable income. It can also handle all the financial assets of an organization. It further helps in coordinating income and expense statements along with maintaining accurate balance sheets.
Financial Management Software Modules
Fixed Asset Management Solution
The fixed asset management module is used to manage all the asset management life cycles. The product life cycle includes maintenance, procurement, disposal and retirement.
Investment Management Solution
Investment management software module helps investors and law firms and all other financial institutions to manage shares. They can also analyze the data using what-if analysis technique.
Loan Management Solution
With the loan management software module, one can lend loans to micro, P2P (peer to peer lending) and retail businesses. Serving, underwriting and collection can be done with the loan management module as well.
Stock Market Solution
This module of stock market solution is used for simulation of the stock market and the analysis of market fluctuation. One can also design an investment plan and stock trading based on market fluctuations.
Banking Solution
The banking software module is used in the banking industry to manage various financial products. It helps with functions ranging from general ledger to accounts receivable and accounts payable functions.
Insurance Management Solution
This module of financial management software helps health insurance companies grow their businesses by automating operations using specialized processes for CRM and marketing.
There are three main types of financial management systems.
- Financial accounting
- Managerial accounting
- Corporate finance
Financial Accounting
This type of financial management software provides balance sheets, income statements and cash flow statements. These statements can be given to investors, creditors and tax authorities. These reports enable decision makers to make the right business-related decisions.
Managerial Accounting
This system provides all kinds of information related to businesses and individuals. This information can be used for internal use and one can get data according to their own needs.
Corporate Finance
Corporate finance is a type of financial management software which includes analysis, budgeting, and forecasting. Create all kinds of reports with this type of financial management system. This type of financial management software basically provides a road map or plans for a company’s future activities.
Here are The Features of Top Financial Management Systems
1. Automation of End-to-End Accounting Processes
Financial management software applications can streamline all administrative processes like accounting (accounts receivable and account payable), payroll, cash flow systems and general ledgers.
2. Supporting Financial Processes
With a financial management software package, the companies can have the technology they need. Technologies like multiple currency support, conversions, and guidelines can be taken care with the help of this software. This application is used to coordinate with multiple departments in a better way. You can improve process execution and manage every financial task with the help of a financial management software.
3. Forecasting and Planning
Using a financial management software can increase the ability to predict the patterns and trends that would occur in the future. Patterns can be predicted in the field of revenue, income and expenses. Financial management software can help analyze market conditions, which in turn helps in making strategic plans more accurately.
4. Cash Flow Management
Tracking cash flow is a necessary step as it helps monitor the way funds are actually spent. A financial management software can allocate budgets and consolidate other cash flow related tasks. It provides real-time reports related to cash flow status and transactions
5. Advanced Reporting and Analysis
Create easy and accurate balance sheets with an enterprise financial management software. Statements for profit and loss, and budget allocations can also be generated with the help of this software. Now one can create custom reports according to their own needs to get an in-depth analysis about the financial status of a business.
Financial Management Software
Budget 2020: A Glance at What is in Store for MSMEs
Anurag Vats
10 Mins read
On Saturday February 1st, 2020, Finance Minister Nirmala Sitharaman presented the Union Budget 2020 that covered all the sectors that contribute towards the nation’s economy. One of the main focus in the budget 2020 that has been put on the table was for Micro, Small and Medium Enterprises (MSMEs)...Read More
Financial Management Software
5 Best Bitcoin Software for Bitcoin Mining in 2020
Varnika Nayyar
10 Mins read
Let’s understand the term bitcoin. It is a digital currency, essentially a cryptocurrency that uses rules of cryptography to regulate and generate units of currency. Bitcoin is made up of two words, ‘Bit’ & ‘Coin’. With bitcoin, there is no involvement of any middle men. Every transact...Read More
Financial Management Software
What is Section 508 compliance and why is it important for your business website?
Riya Pathak
5 Mins read
Section 508 has been enacted in order to eliminate the barriers that exist in information technology so that it can make available the new opportunities also for those people who are disabled and encourage the development of certain technologies which would help to achieve these goals. In this artic...Read More
Financial Management Software
Finding a good finance analyst to manage your personal wealth is easy
Riya Pathak
6 Mins read
In the event that you are looking for a way to consolidate your finances or get more control over it then it is time that you thought of hiring the services of a personal finance analyst. A personal finance analyst can help you in a lot of different ways of managing your wealth at various stages of ...Read More
Financial Management Software
Financial Issues SMBs Often Face and How to Fix Them
Surjodeep Bose
6 Mins read
When you’re running a small business, there’re so many things to work on simultaneously to expand your business. From sales to operations to HR, all these processes have to be developed at the same time to keep the growth prospects open. While taking care of all these operations, small businesse...Read More
Financial Management Software FAQsThe best free or open source business financial management software are:
- ADempiere
- Apache OFBiz
- Compiere
- GnuCash
- Front Accounting
- LedgerSMB
- OpenBravo
- PostBooks
Given below is the list of the best financial management software available in the market:
- CreditWorthy
- Qmarksoft Micro Finance Software
- Nidhi Software
- Cogxim Vaanijaya
- Smartbooks
- D365 Finance & Operations
- Gen Form Manager Software
- Arthayantra Personal Financial
- Bachat Gat Software
- Infor Enterprise Financial Management
- Pebblex
- BatchMaster Enterprise ERP for Finance
- Newgen Finance & Accounting
- iWeb Finance Management
- WebInfo Finance
- VIRMATI FMS Solution
Deciding the best software for any business is very subjective. The best software for financial accounting depends on the features that one wants for their organization. Hence, it depends on the requirements of a business to decide if a software is suitable for their company.
Yes, there are several wealth management software that can also handle personal finance. These are:
- Mint
- YNAB
- Mvelopes
- TurboTax
- FutureAdvisor
- Personal Capital
- Tiller
- Pocket guard
- Albert
- Buddi
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