Financial planning software is a set of digital programs that aid in the planning, allocating, downsizing, and project management of finances to reduce costs and increase income streams.
Financial planning software helps businesses to prepare the financial resources needed to finance their potential business operations. This program assists businesses in forecasting future revenues and expenditures through various departments or corporate organizations. Managers and executives use this software to build plans and estimates for each department. Accountants use financial planning software to aggregate all departmental budgets to produce an organization budget that determines how funds will distribute to each department. This form of software also enables accountants to recognize potential shifts in revenues and expenditures that could affect their profitability.
While most accounting products have simple financing capabilities, businesses that need advanced functionality turn to financial planning software.
By introducing orderly processes for conducting financial transactions and related operations, financial planning accounting software will establish uniformity across any organization department. Furthermore, businesses should centralize their financial data, making it readily available to end-users through all business units and branch offices.
Let’s see about 20 financial planning software and become recognised for the users with their outstanding features.
1. Budgyt
Budgyt is a cloud-based software application that replaces tedious spreadsheets with a manageable financial planning tool to help you build budgets quicker, more efficiently, and consistently. This approach is ideal for clients in every sector with a range of shops, units, or divisions. Budgyt compiles individual budgets and produces reports and analyses.
Features of Budgyt
- Multiple P&L budgeting
- Activity audits
- Version control
- Excellent reporting
- Customizable
- Live Demo & Free trial
2. Workday Adaptive Planning
Workday Adaptive Planning helps businesses schedule their operations using corporate performance management (CPM), inventory management, and financial planning. It opens the way for employees to collaborate, gain information, and make better decisions more quickly. It is a powerful modelling for any size of company and simple to use also.
Features of Workday Adaptive Planning
- Customizable dashboards
- Drill-in functionality in visuals
- Report sharing and collaboration
- Predictive analytics
3. Dynac CPM
Consider your Financial Statements integrating with your Balance Sheet and producing up-to-date Cash Flow Statements as required.
Dynac CPM is the only financial planning software that allows you to incorporate financial statements easily, create proformas, and forecast an infinite number of scenarios – all without writing a single formula or explicitly creating links in Excel.
Features of Dynac CPM
- Speeds importing with a simple click.
- Time saves with replacing manual budgeting with automation.
- Minimises errors with one click production of proformas and budget revisions.
- Eliminates copy paste with pre-defined formula dropdowns.
4. Vivid Reports
Vivid Reports is designs as a Microsoft Excel add-in that integrate entirely with the ledger accounts, balances, and sales in your ERP. It is effortless to learn and use, and you can use all of Excel’s features. The entire Vivid Reports user interface can access directly from Excel. If you are already familiar with Excel, there is nothing you need to learn to get started with Vivid Reports.
Features of Vivid Reports
- Built-in integration with 50 different ERP systems
- The fast and user-friendly statement set up.
- Instant report generation
- Built-in facility to check for missing or duplicate accounts.
- Multicurrency support.
5. Solver
Solver is a brand-new cloud-based reporting and planning solution. Solver, designed for the modern business team, allows better-informed business decisions to make quicker. Put your end-users in control by providing them with direct and safe self-service access to the data that drives your business. It triggers the most adaptable report and budget form creator on the market to satisfy the detailed reporting and planning criteria.
Features of Solver
- Financial Planning
- Reporting & Consolidations
- Dashboards
- Data Warehouse
- Connectors
6. Board
Organizations may use the Board software solution to integrate planning processes with money management, forecasting, monitoring, and scorecard, ensuring that success aligns with the corporate strategic vision.
Unlike spreadsheets, Board’s multi-dimensional planning system’s management allows for the implementation of workflow, security, audit trail, and versioning mechanisms. This improves the overall process’s control and productivity.
Features of Board
- Workflow, audit trail, versioning, examples, and approval status processes are all fully managed.
- Changes automatically allocate, allowing data to modified at all stages of aggregation.
- For real-time impact analyses, use what-if and what-for features.
- Excel add-in that will enable you to enter data offline.
- Budgeting and planning periodically
7. Sage Budgeting and Planning
With Sage Budgeting and Planning, an enterprise-wide, purpose-built budgeting and planning application, you can take charge of the budgeting process and add a strategic perspective to business planning. By shortening budgeting and planning periods with Sage Budgeting and Planning, you can make faster, more educated business decisions. You can also promote teamwork in all business lines and connect financial planning activities to organizational success for a more straightforward and more effective planning process.
Features of Sage Budgeting and Planning
- Utilize Bottom-Up or Top-Down Budgeting Processes
- Integrate Your Budget With Enterprise Data Sources.
- Access Your Information Quickly and Easily.
- Automatically Update Users on Activity in the Planning Process.
- Shorten Planning Cycles and Improve Decision Making Within the Enterprise.
8. Budget Maestro
Budget Maestro provides a more effective and accurate budgeting and planning approach for mid-market enterprises. Many of the time-consuming and error-prone activities associated with spreadsheets are simplified by the app, producing more reliable, driver-based business operations and financial forecasts. Intuitive built-in modelling capabilities manage everything from workforce planning to cost information, sales identification, and capital assets.
Features of Budget Maestro
- Deliver specific plans & financial forecasts
- Automatically create balance sheet and cash flow statements
- Make more durable, more informed decisions
- Collaboration with the entire team
9. IBM Planning Analytics
Make no compromises when it comes to cloud analytics and planning. Beyond merely automating the preparation, budgeting, and forecasting processes, IBM Planning Analytics goes a step further. It empowers all business users to pursue better business results by offering self-service analytics through a creative planning workspace. It automatically produces insights from your data, helping you remain ahead of the curve and adjust to changing conditions.
Features of IBM Planning Analytics
- Planning, Budgeting, and Forecasting
- Reporting
- Scorecards & Dashboards
- Personal and Multidimensional Scenario Modelling
- Real-time Data Access
- Excel Integration
10. PlanGuru
PlanGuru is budgeting, planning, and forecasting software that helps small and medium-sized companies prepare budgets and predictions in a fraction of the time it would take them to do so using spreadsheet software. PlanGuru offers an unrivalled value by combining a modular architecture with advanced but simple-to-use tools.
Features of PlanGuru
- Plan budgets & forecasts for up to 10 years
- Start a financial projection at an interim date
- Customization of financial accounts and reports
- Import and export data from Excel
- Generate business valuations
11. Prophix
Prophix is a multi-user financial software framework for budgeting, planning, financial restructuring, management reporting, and research used by thousands of users worldwide. Prophix has familiarity with a spreadsheet GUI and the additional advantages of handling multiple users and data management. Prophix offers an end-to-end offering that covers products, professional resources, education, and technical support, enabling you to go beyond the limitations of spreadsheets.
Features of Prophix
- Budgeting
- Forecasting/Reforecasting
- Consolidation
- Data Analysis/Data Mining
- Reporting
- Personnel Planning
- Scorecard Module
12. idu-Concept
idu-Concept offers smart budgeting, planning, and reporting tools that are simple to use and customized to your unique business needs. idu-Concept is available on-premise as well as in the cloud.
Your organizational financial management system can be streamlined and simplified with idu-Concept. The platform helps your managers to be more involved in the company’s financial performance.
Features of idu-Concept
- Flexible accessibility
- User-friendly financial planning
- Robust reporting system
- Target Marketing
13. CONTROL
CONTROL connects all aspects of financial management, including functions, procedures, and data. It removes disconnects by providing a single term of procurement of business rules and data and a single point of maintenance. It gives you the ability to go beyond financial management processes by providing all of the data you need to see the big picture, review the fine print, and prepare, track, and change your business continuously.
Features of CONTROL
- Real-time Aggregations
- Data integration
- Currency translation
- Intrinsic workflow
- Templated reporting
- Time-series forecasting
14. Microsoft Power BI
Microsoft’s Power BI is a collection of business analytics tools for analyzing data and exchanging insights. Power BI dashboards offer business users a 360-degree view of their most relevant metrics in one location, updated in real-time, and accessible from any computer.
Features of Microsoft Power BI
- Financial Performance
- Revenue & Profitability
- Marketing
- Quota Management
15. Anaplan
Anaplan’s Connected Planning platform enables companies to reduce response time to near-real-time. Data, people, and plans can all connect with the support of the leading platform provider.
Anaplan’s planning platform uses large and fast-growing companies in every business function to make decisions and drive quicker, more efficient planning processes. Every part of your business will connect with Connected Planning, including sales, financing, supply chain, IT, marketing, employees, and more.
Features of Anaplan
- Strategic Planning
- Planning, Budgeting, and Forecasting
- Revenue Planning
- Workforce Planning
- Financial Consolidation
- Tax and Treasury
- Reporting and Analysis
16. Vena
Vena Solutions specializes in assisting medium and large businesses with budgeting, planning, and estimating. Vena is a cloud-based financial planning and analysis (FP&A) solution that includes Excel, a centralized database, sophisticated workflow, efficient reporting, and advanced analytics. The world’s best organizations use vena to acquire accurate data and insights easily.
Features of Vena
- A centralized database
- Automates or eliminates manual tasks to free up time for review and analysis.
- Roles with permissions, audit trails, and changes that can monitor.
- The full power of Excel
- Modelling and Analytics
17. Oracle NetSuite PBCS
Oracle NetSuite PBCS is a planning and budgeting framework for companies of all sizes.
Through comprehensive planning, budgeting, and forecasting, the solution designed to handle financial, sales, contractual, and operational planning issues.
With capability, transaction processing, and reporting, Oracle NetSuite PBCS manages both company-wide and departmental planning. The solution designed to aid in the rapid modelling of financial and organizational adjustments based on financial assumptions.
Features of Oracle NetSuite PBCS
- Role-based interfaces
- Flexible what-if modelling capabilities
- Built-in financial intelligence
- Built-in commentary and annotation capabilities
- Flexible plan management capabilities.
- Robust reporting with formatting and charting support.
- Integration with NetSuite Financials.
18. CALUMO
For accountants, CALUMO is a reporting, budgeting, and forecasting program. Organizations can easily report, budget, forecast, and schedule their financial, sales, services, manufacturing, and other projects with CALUMO.
It is a single product that includes dashboards, reports, input models, Excel, Word, and PowerPoint integration.
Features of CALUMO
- Web and Excel interfaces
- Integrate and consolidate any data source
- Data cubes and in-memory tables
19. A3 Modelling
For your CPM needs, A3 Modelling is an FP&A app based on Excel. A3 transforms Excel into an Enterprise solution through its cloud technology, providing data templates, fast processing, data security, and more, all within an interface the company is familiar with.
Features of A3 Modelling
- One-click what-if analyses
- Integrated reporting
- Bottom-up and top-down methodologies
20. SAFIO Solutions
SAFIO Solutions’ planning and data analytics platform help businesses manage inventory and cash flow by improving forecasting. It provides the vision and productivity required to enhance forecasting, match list to demand, and maximize profitability by combining a client’s vital data into a single comprehensive tool. Data analytics use to build personalized dashboards.
Features of SAFIO Solutions
- Connectivity for Multiple Marketplace Channels
- Data Visualization Analytics
- Demand Forecasting with Alerts
- Purchase Order Capabilities
- EDI Capabilities
- 12 Dynamic Attributes for Best Analysis
Cloud Hosting Solutions for Financial Planning Software
Do you want to improve your financial service by partnering with a reputable hosting company?
Sagenext offers a fantastic cloud hosting solution for your business.
With a team of dedicated professionals, Sagenext will help you transfer your financial planning software to the cloud with ease and provide extensive offerings for your business.
In financial planning, moving to the cloud is a critical step that opens up new possibilities for connection and cooperation and unlocks growth potential.
Sagenext, a cloud hosting provider, can assist you in making the process as simple as possible, ensuring that your company can function at any time, from any place, with the highest degree of reliability and security.
Benefits of Cloud Hosting for the Finance Service Industry
Enhanced Security
Businesses that use cloud hosting services may have better protection than those who try to do it independently with an on-premise system.
Financial services firms can rest assured knowing that in the hosting, quality service providers develop their networks on enterprise-class hardware that is literally out of reach for all but the most prominent businesses. There is no single point of failure in cloud systems because of the redundancy built-in. Data backed up to various servers, which can span large geographic areas. The danger is reduced in the event of a server crash or hardware failure because your data securely stored in redundant locations.
Reduced Infrastructure
Your financial services firm’s systems integration hardware and software requirements will expand as well. Through moving to cloud hosting, the organization will minimize the number of resources held on-site, share responsibility with eligible technology partners, remove much of the hassle of acquiring hardware and software, and potentially even save money. There’s no need to buy several servers and necessary facilities, store it on-site, and pay for space and services needed to keep the system running.
Increased Business Agility
Cloud hosting has a variety of advantages in terms of agility. Your workers no longer confined to their workstations. Applications and data can be accessed from almost any computer with Internet connectivity, giving the workers the versatility they need to be efficient without tethered to the workplace.
Reduced Maintenance Cost
In cloud hosting service, there is the less onsite infrastructure to manage. As a result, the costs of day-to-day maintenance dramatically reduce. Updating IT equipment is essential for protection and efficiency. The criteria for keeping technologies current significantly reduces with housed internally.
Is Sagenext cloud hosting the right option for you?
Sagenext cloud hosting is unquestionably an option for a financial service firm.
If you’ve been reluctant about making the switch to cloud hosting, now is the time to rethink. By hosting to cloud, you can boost security, lower maintenance costs, and increase employee productivity.
