Financial Technology
Top 5 Financial Management Software Of 2022
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Overview
Let us know if you have heard this quote before, "When money realizes it is in good hands, it wants to stay and multiply in those hands."
It’s from the book, ‘Wealth for All: Living A Life Of Success At The Edge Of Your Ability’ by renowned financial consultant Idowu Koyenikan. We think it’s a million-dollar piece of advice (you can thank us later for sharing it with you!) - for now, let's focus on the quote. The crux of this quote is that managing money (or finances, for that matter) requires efficient hands that are worthy of handling it.
However, for maintaining a good balance between expenses and profitability, financial management has become necessary for today's businesses. They need an efficient helping hand (read: software or tool) that can handle it all! Now the question arises – where do we find this tool and what does it look like?
Fret not! You don’t need a magic wand or a secret spell to figure it out! In this article, we have outlined the Top 5 Financial Management Software of 2022! So, without further ado, let’s hop on this techno express and begin the journey!
It’s from the book, ‘Wealth for All: Living A Life Of Success At The Edge Of Your Ability’ by renowned financial consultant Idowu Koyenikan. We think it’s a million-dollar piece of advice (you can thank us later for sharing it with you!) - for now, let's focus on the quote. The crux of this quote is that managing money (or finances, for that matter) requires efficient hands that are worthy of handling it.
However, for maintaining a good balance between expenses and profitability, financial management has become necessary for today's businesses. They need an efficient helping hand (read: software or tool) that can handle it all! Now the question arises – where do we find this tool and what does it look like?
Fret not! You don’t need a magic wand or a secret spell to figure it out! In this article, we have outlined the Top 5 Financial Management Software of 2022! So, without further ado, let’s hop on this techno express and begin the journey!
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"Never mess with goblins. Gringotts is the safest place in the world for anything yeh want to keep safe…" We bet all the #Potterheads out there would have understood that we are talking about Gringotts' Wizarding Bank. Well, Gringotts was the safest place in the wizarding world and the credit goes to the goblins that kept it that way. They were a brilliant race of tiny magical humanoid beings highly skilled at finance. As a result, they controlled the wizarding economy to a large extent. Long story short, goblins were experts at managing money and finances!
Well, coming back to the Muggle world, in the digital era, when everything related to finance – from payroll to accounting to invoicing – is digitally handled. Now, imagine if we told you that you too can have a goblin for your financial management! A goblin that's the backbone of today's businesses and allows them to keep track of their finances, bank deposits, credit card payments and other financial transactions.
Clearly, we are talking about Financial Management Software here. A tool that is no less than a Gringotts’ goblin! Financial Management Software helps track personal finances, manage expenses, stay on top of your finances and keep track of all income and costs. We told you, we have a magical goblin for you!
This article details the top 5 Financial Management Software for businesses and explains their features and benefits. You can use this information to determine which software will work best for your company’s financial management. Read on!
Top 5 Financial Management Software Of 2022
Financial Management Software can help you plan for the future and stay within your budget. Not only does this software help you keep track of your business's finances but also enables you with seamless budget planning and expense tracking. Brace yourself as we are about to reveal the Top 5 Financial Management Software Of 2022 – in random order!
Sage Intacct |
Intuit Mint |
Oracle Cloud Financials |
Workday Financial Management |
Deskera Books |
Tool 1: Sage Intacct
The first Financial Management Software on our list is brought to you by Sage Intacct. It's an American provider of cloud-based financial management and services. This company was founded in 1999 with its headquarters based in California, United States. Since its inception, Sage Intacct has established itself as the leading cloud Financial Management Software provider. Bravo, Sage Intacct! Capterra featured Sage Intacct in the categories such as Noteworthy Product (2022) for Time and Expense Software and Established Player (2022) – Financial Management Software.
This software has been a harbinger in introducing cloud computing to finance and accounting. Thus, the American Institute of Certified Public Accountants (AICPA) named Sage Intacct their preferred financial applications provider. Besides, it is trusted by brands such as StarCorp, Atlanta, RIVR Media and more! With the help of this Financial Management Software, you can gain valuable insights into your financial and operational data and make smarter decisions.
Sage Intacct is one of the best-in-class software for managing core financial functions such as cash management, purchasing, accounts payable and account receivable. Additionally, its intelligent ledger management feature helps users transform their business strategies and processes with modern, cloud-based architecture and artificial intelligence-backed tools to fully automate key financial processes and activities. #TheCompletePackage
Tool 2: Intuit Mint
It's time to reveal the second software on our list, which is the product by Intuit. It's a software company founded in 1983 and based in California, United States. Intuit Mint brings together all your financial solutions in one place and gives you a unified platform to manage and expand your savings. Isn't that super cool! Well, what's even more remarkable is that Intuit Mint is featured as Best Value - Financial Management Software (2021) by Capterra.
Intuit Mint is a Financial Management Software that enables you to create budgets, track investments, manage bills and stay on your toes regarding upcoming payments. This software comes in handy with personalized planning to help you become financially savvy and achieve your business goals! Besides, Intuit Mint also enables you to get a clear picture of your finances to track your spending and keep tabs on all the subscription costs. Yes, that includes your Netflix and Hulu subscriptions! #ModernWorkplaceProblems
Additionally, Intuit Mint makes your task of finding savings opportunities that you might have missed. So, no more breaking a sweat when it comes to managing finances and increasing savings! This Financial Management Software also helps you enhance your financial planning habits by ensuring you have customized goals for your workforce or business. Besides, its feature of credit monitoring enables you to get 24/7 access to all the financial transactions throughout your organization.
Tool 3: Oracle Cloud Financials
Oracle Cloud Financials is a product by Oracle, a company founded in 1977 and based in Austin, Texas, United States. We mean, we all know Oracle! In 2021, Gartner named Oracle a Leader in the 2021 Magic Quadrant for Cloud ERP for Product-Centric Enterprises. Besides, Capterra featured Oracle Cloud Financials in the Top Financial Reporting Software of 2020. Oracle Cloud Financials is trusted by reputed brands like David Jones, HSBC, Western Digital and Emblem Health. Now that's quite a list!
Oracle Cloud Financials helps managers view multiple accounting representations for the same business entity, ensuring nothing is overlooked. Not just that, this software also helps you report financial data in numerous currencies to facilitate local, global and other reporting requirements. Reporting and analysis, revenue management and expense management are some of the uber-cool features of Oracle Cloud Financials.
Tool 4: Workday Financial Management
The following Financial Management Software on our list is brought to you by Workday, Inc. This company offers Software-as-a-Service (SaaS) enterprise solutions for human resources and financial management activities. Workday, Inc was founded in 2005 with its headquarters located in Pleasanton, California, US. It is trusted by some of the world's leading companies and was named by Gartner as a Leader in the Gartner Magic Quadrant for Cloud Core Financial Management Suites. This is a tool you definitely need on all workdays! #PunIntended
Workday Financial Management intelligently automates all your financial activities and processes. With the help of this comprehensive software, you can manage everything and can continuously plan, forecast and analyze to lead your finance strategies with confidence. Workday Financial Management brings together all financial, workforce and operational data in a single secure place. Hence, it helps uncover, analyze and distribute financial insights in the blink of an eye!
Workday Financial Management has an easy-to-use and flexible self-service variant that helps you foster the financial collaboration between business functions and verticals. Besides, this software is best known for adaptive planning, allowing you effortlessly adapt, forecast and pivot your business strategies – while staying in budget!
Tool 5: Deskera Books
Make some way for the last but not the least! Deskera is a cloud-based business software provider of Integrated Business Application as a Service (iBAaaS). Deskera was founded in 2008 and is based in Singapore. Deskera Books has been featured in the following categories by Capterra: Emerging Favourite – Financial Management Software (2022) and Emerging Favourite – Financial Reporting Software (2021). Kudos Deskera!
Deskera Books is a Financial Management Software that helps make tasks such as invoicing, billing, expense management, taxes and reporting quite convenient. Its powerful, intuitive dashboard assists you to access financial data at a glance. Spotting discrepancies and making swift decisions becomes a cakewalk for you! Additionally, Deskera Books enables financial managers to generate financial reports quickly and efficiently. After all, time is money!
Furthermore, built-in automation for manual processes, streamlining financial tasks and creating invoice templates are some of the fantastic features of Deskera Books. These features can help you identify revenue opportunities, reduce business expenses, make precise calculations of finances and keep your cash flow healthy!
Wrapping It Up…
It's no secret that successfully managing an organization's finance is no easy feat. From payroll to purchasing and accounting, finances can be complex, especially for small and midsize businesses. Fortunately, organizations of all sizes can find help in the form of Financial Management Software. Think of it as an affordable and accessible personal finance manager (like a Gringotts goblin!) that makes staying on top of finances quick, seamless and easy!
However, choosing the right goblin, we mean Financial Management Software, can be quite a daunting task and to help you, we shortlisted the best ones available on the market today.
Thu, Jun 30, 2022
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