41 Best Financial Management Software in 2022

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Last Updated on : 29 Jan, 2022

What is Financial Management Software?

Financial management software is also known as money management software. The financial management system is a software solution that every organization needs to oversee its expenses and income in order to maximize profits and maintain a sustainable income.

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Financial Management Software Reviews

AVINASH B

review for Two Wheeler Finance's Management Software

4.7

"programming window-bike fund the executives programming window-online-diary the executives, marking with one of the recommended merchants that was given to us "

See All Two Wheeler Finance's Management Software Reviews

Preet Sharma

review for Nidhi Software

4.7

"I stumbled on to Techjockey on the web. But I appreciated the service online and by phone that I received. "

See All Nidhi Software Reviews

Bharat

review for WebInfo Non Banking Financial System

"Techjockey listened to our needs, found companies that matched and got us connected. Eliminated hours of work for me."

See All WebInfo Non Banking Financial System Reviews

Rohit Jaiswal

review for BeyondSquare FMS

4.2

"Got back to me quickly, asked me a few questions to see what I was looking for, and that day I had a vendor contact me. Made life easier and found what I needed."

See All BeyondSquare FMS Reviews

Aman Kukreja

review for Bachat Gat Software

4.5

"They were very helpful which made the process so much easier."

See All Bachat Gat Software Reviews

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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 System?

The financial management system is a software 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 and personal. It further helps in coordinating income and expense statements along with maintaining accurate balance sheets.

Modules Of Financial Management System Software

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 a 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 Insurance management solution of the financial management system modules 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 solutions

Personal Financial accounting
Managerial accounting
Business/Corporate finance

1. Personal Financial Accounting

This personal 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.

2. 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.

3. Corporate Finance

Corporate finance is a type of financial management system which includes analysis, budgeting, and forecasting, create all kinds of reports, This business/corporate financial management software basically provides a road map or plans for a company’s future activities.

Common Features of Financial Management Softwares

1. Automation of End-to-End Accounting Processes

Financial management solution 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 financial management software.

3. Forecasting and Planning

Using 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. Money management system 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. 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 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 of the financial status of a business.

Author: Kalpana Arya

Articles For Financial Management Software

Financial Management Software

10 Money Management Tips for Small Businesses

Created on January 3, 2022

Every business owner is keen to save money whenever and wherever possible. In order to do that, tactful money management is important. Financial management includes the entire process of strategic planning, directing, organizing, and managing financial endeavors within an organization. It also inclu...

Financial Management Software

What is the Difference Between Financial Accounting and Management Accounting?

Created on April 8, 2021

Financial and management accounting are the two branches of a system that help companies produce statements and records for all business events and transactions. Financial accounting helps generate precise financial records, whereas managerial accounting helps manage quantitative/qualitative informa...

Financial Management Software

10 Important Changes Taxpayers Should Consider in New Financial Year 21-22

Created on April 1, 2021

As the new financial year has started, it is important that salaried employees and "taxpayers" fulfil the critical financial tasks on time. We provide you here a checklist of the key functions to help you make all essential tax-saving investments. Make a note of these financial obligations & tas...

Financial Management Software

Updates of Union Budget 2021: Big Takeaways of Budget for Startups, MSMEs and Businesses

Created on February 1, 2021

After the economy hit the rock-bottom post the pandemic-created market slowdown, India is looking up at the union budget 2021-22 with great expectations. The budget was presented by Finance Minister Nirmala Sitharaman who we believe made some exciting announcements that would help the economy get ba...

Financial Management Software

Budget 2020: A Glance at What is in Store for MSMEs

Created on February 1, 2020

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)...

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Financial Management Software FAQs

Q1 - Check free financial management software.

Find the best examples of open source free financial management software for managing your personal and business cash/money.

ADempiere money management
Apache OFBiz cash management solution
Compiere personal money management software
GnuCash management system
Front Accounting
LedgerSMB
OpenBravo
PostBooks

Q2 - Best money management system software

Given below is the list of the best money management system software available in the market:

Q3 - Which is personal finance management software?

Deciding the best software for any business is very subjective. The best personal financial accounting software depends on the features that one wants for their business. Hence, it depends on the requirements of a business to decide if the software is suitable for their company.

Q4 - The Cost of business financial management software.

Price and plans of business financial management system software depends on your organization size and turnovers and transactions and bills. More features and modules requirement for automating money management than you will pay more.

Q5 - Find financial management software nearby your cities.

Best financial management software is now available nearby you and in your city, find and get a free demo now.

Q6 - Find finance management software for suitable industries.

Find the best finance management software for your industry and book now for customization.

41 Best Financial Management Software in 2022

Categories

What is Financial Management Software?

Financial Management Software Comparision

We’d love to hear your feedback! Review your software

Financial Management Software Reviews

Related Categories to Financial Management Software

Buyer's Guide for Top Financial Management Software

What is Financial Management System?

Modules Of Financial Management System Software

There are three main types of financial management solutions

Common Features of Financial Management Softwares

Articles For Financial Management Software

Frequently Visited Categories

Financial Management Software FAQs

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