Best Financial Planning Software

Are you planning on computerizing the finance of your company? A financial management tool can create uniformity across every department in the enterprise by implementing orderly procedures regarding the management of financial transactions and related activities. Moreover, companies can centralize the entire financial information, making it readily accessible to end-users across every business unit as well as branch offices. However, the task of finding the right financial planning software for advisers is a challenge due to the vast availability in the market. GoodFirms has, thus, cataloged the best financial management software based on their overall service and performance to ease your work.

84 Softwares   |  Last updated: Jul 14, 2024
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List of Financial Planning Software for Adviser | Best Financial Management Software

  • OnTrajectory's advanced personal financial planning software makes it easy to test your assumptions and track your progress toward financial independence.Impress and empower your clients with a shared source of truth for financial ... read more about OnTrajectory

    Best of the Lot reviewed by: Anonymous
    Entry Level Price
    $49.00 Per Month
    Free Trial
    14 Days
    100% in Financial Planning Software
    • Accounting Integration
    • Budgeting & Forecasting
    • Consolidation/Roll-Up
    • Credit Card Management
    • Revenue Recognition
    • Tax Management

    LICENSING & DEPLOYMENT

    • Cloud Hosted
    • Web-based
    • Windows

    Knowledge Base

    • Help Guides
    • Blogs
    • Case Studies

    What User‘s Say

    Best of the Lot
    Anonymous
    Easy to use and affordable planner
    Jay

    REVIEW SUMMARY

    Super easy to get started, AND incredibly flexible -- it works very different from other of the tools I've seen like this. I only wish it were free :)

    Anonymous
    Anonymous

    Pricing Type

    • Flat Rate

    Free Version

    • No

    FREE TRIAL

    • 14 Days Trial

    Payment Frequency

    • Monthly Payment

    AVAILABLE PACKAGES

    Standard
    $49.00 Per Month
  • Sage Intacct is a leading accounting software designed to increase business efficiency and drive growth by automating day-to-day accounting processes. The software offers greater insight that helps businesses make current and long-term ... read more about Sage Intacct

    Sage Intacct is a great solution that has the capability for managing accounts payable reviewed by: Kaloyan Dimitrov, Resume Expert/Career Expert at Enhancev
    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    10% in Financial Planning Software
    • Accounting Integration
    • Budgeting & Forecasting
    • Cash Management
    • Expenditure Tracking
    • Financial Reporting
    • Investment Management
    • Risk Management
    • Tax Management

    INDUSTRIES

    • Accounting
    • Banking
    • Financial-services
    • Hospitality

    LICENSING & DEPLOYMENT

    • Proprietary
    • Cloud Hosted
    • Web-based
    • Windows

    SUPPORT

    • Phone
    • 24x7 Support

    Training

    • Webinar

    Knowledge Base

    • Help Guides
    • Video
    • Blog
    • Case Studies

    What User‘s Say

    Sage Intacct is a great solution that has the capability for managing accounts payable
    Kaloyan Dimitrov, Resume Expert/Career Expert at Enhancev
    We are extremely satisfied with the Sage Intacct.
    Amber Kong, Content Strategist at Credit Donkey
    One of the best software ever!
    Jatin Kumar at Software Advice

    REVIEW SUMMARY

    We Enhancev use Sage Intacct. It is a web-based enterprise resource planning (ERP) solution that features the capability for managing accounts payable. Invoice processing, approval workflows, and payment processing are some of the functions that are available through it. A general ledger, accounts receivable management, and cash management are some of the additional functionalities included in this aspect of financial management. Sage Intacct can provide a comprehensive solution for financial management since it supports more than 350 third-party tools.

    Kaloyan Dimitrov
    Kaloyan Dimitrov, Resume Expert/Career Expert at Enhancev

    Pricing Type

    • Contact Vendor

    Preferred Currency

    • USD ($)

    Free Version

    • No

    Payment Frequency

    • Monthly Payment
    • Quote Based
  • Workday Financial Management is a single cloud-based solution designed for financial planning, analysis, and transactions. From record to report, procure to pay, and contract to cash, Workday helps you streamline your processes ... read more about Workday Financial Management

    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    25% in Financial Planning Software
    • Accounting Integration
    • Budgeting & Forecasting
    • Expenditure Tracking
    • Financial Reporting
    • Revenue Recognition
    • Tax Management

    INDUSTRIES

    • Accounting
    • Human-resources

    LICENSING & DEPLOYMENT

    • Proprietary
    • Cloud Hosted
    • Web-based
    • iPhone/iPad
    • Android
    • Windows
    • Mac

    SUPPORT

    • Email
    • Phone
    • 24x7 Support

    Training

    • Webinar

    Knowledge Base

    • Help Guides
    • Video
    • Blog

    What User‘s Say

    I love it!
    Parth Parikh, Software QA Engineer at Nokia
    Everything in one place
    Dynamic Digital Depth (DDD)
    Measure the change
    Paul Kravec, Chief Executive Officer & Founder at Deluxcode

    REVIEW SUMMARY

    Pros: Everything is taken care by the software.

    Cons: No cons

    Parth Parikh
    Parth Parikh, Software QA Engineer at Nokia

    Pricing Type

    • Contact Vendor

    Preferred Currency

    • USD ($)

    Free Version

    • No

    Payment Frequency

    • Monthly Payment
  • ScaleXP makes financial forecasting faster and easier by providing an all-in-one dashboard for data analysis, seamlessly integrating with Xero and Quickbooks accounting software. With over 100 automated KPIs customized for various financial ... read more about ScaleXP

    This has save our team a lot of team on deferred revenue, consolidation and reporting!! reviewed by: Luke Conrad at Launched
    Entry Level Price
    $100 Per Month
    Free Trial
    7 Days
    20% in Financial Planning Software
    • Accounting Integration
    • Budgeting & Forecasting
    • Cash Management
    • Consolidation/Roll-Up
    • Expenditure Tracking
    • Financial Reporting
    • Investment Management
    • Revenue Recognition
    • Risk Management
    • Tax Management

    INDUSTRIES

    • Accounting
    • Airlines-aviation
    • Alternative-wmedicine
    • Architecture-planning
    • Automotive
    • Aviation-aerospace
    • Banking
    • Biotechnology
    • Computer-network-security
    • Computer-hardware
    • Computer-software
    • Events-services
    • Financial-services
    • Information-services
    • Information-technology-services
    • Marketing-advertising
    • Wireless
    • Writing-editing

    LICENSING & DEPLOYMENT

    • Proprietary
    • Cloud Hosted
    • Web-based

    SUPPORT

    • Chat
    • Phone
    • 24x7 Support

    Training

    • In-person
    • Documentation

    Knowledge Base

    • Getting Started
    • Reports
    • Customers
    • Cost
    • Presentations
    • Dashboards
    • Load Data
    • Settings
    • HubSpot Integrations
    • Xero Intergration

    Pricing Type

    • Flat Rate

    Preferred Currency

    • GBP (£)

    Free Version

    • No

    FREE TRIAL

    • 7 Days Trial

    Payment Frequency

    • Monthly Payment

    AVAILABLE PACKAGES

    Reporting
    $100 Per Month
    Automation
    $200 Per Month
    Everything
    $300 Per Month

    INTEGRATED WITH

    • Xero
    • QuickBooks Commerce
    • QuickBooks Desktop Enterprise
    • QuickBooks Online
    • QuickBooks Online Advanced
    • QuickBooks Payroll
    • QuickBooks Enterprise
    • HubSpot CMS Hub
    • HubSpot CRM
    • Salesforce CRM
    • Salesforce Financial Services
    • NetSuite
    • Netvisor
    • Netviso
    • Pipedrive
    • Sage 200
    • Sage 300
    • Sage 50 Accounting
    • Sage Business Cloud Accounting
    • Stripe Billing
    • Zoho Analytics
  • Sheshi FR is a revolutionary SaaS application designed to streamline and optimize financial reporting processes. Powered by artificial intelligence, Sheshi FR aims to empower finance professionals by delivering 'Print-Ready Financials' at lightning ... read more about Sheshi FR

    User and cost friendly financial preparation application reviewed by: Samiksha Venkatesh, Freelance Consultant
    Entry Level Price
    Contact vendor
    Free Trial
    7 Days
    100% in Financial Planning Software
    • Financial Reporting

    INDUSTRIES

    • Accounting
    • Financial-services

    LICENSING & DEPLOYMENT

    • Proprietary
    • Cloud Hosted
    • Web-based

    SUPPORT

    • Email
    • Chat
    • Phone
    • 24x7 Support

    Training

    • In-person
    • Documentation

    Pricing Type

    • Contact Vendor

    Preferred Currency

    • INR (₹)

    Free Version

    • Yes

    FREE TRIAL

    • 7 Days Trial

    Payment Frequency

    • Annual Subscription
  • Our free online tools allow you to view all of your accounts in one place. A powerful dashboard provides deep insights so you can understand your entire financial picture. As an investment ... read more about Personal Capital

    Easy to Use and Highly recommended wealth management tool. reviewed by: Brack Nelson, Marketing Manager at Incrementors Web Solutions
    Entry Level Price
    Free version
    Free Trial
    Available
    33% in Financial Planning Software
    • Accounting Integration
    • Budgeting & Forecasting
    • Consolidation/Roll-Up
    • Investment Management
    • Risk Management

    INDUSTRIES

    • Banking
    • Financial-services
    • Investment-management
    • Retail

    LICENSING & DEPLOYMENT

    • Proprietary
    • Cloud Hosted
    • Web-based
    • iPhone/iPad
    • Android
    • Windows
    • Mac

    SUPPORT

    • Phone
    • 24x7 Support

    Knowledge Base

    • Help Guides
    • Video
    • Blog
    • Infographics
    • Case Studies
    • Whitepapers
    • On-Site Training

    Pricing Type

    • Free

    Payment Frequency

    • Quote Based
  • A leading personal finance app from Intuit, makes it even easier to manage personal finances, budgets and bill payments. You’re going to love how simple it is to manage bills and money ... read more about Mint

    Great wealth management software with user-friendly tools. reviewed by: Ethan Taub, CEO at Creditry
    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    34% in Financial Planning Software
    • Accounting Integration
    • Budgeting & Forecasting
    • Cash Management
    • Financial Reporting
    • Investment Management
    • Revenue Recognition
    • Tax Management

    INDUSTRIES

    • Banking
    • Financial-services
    • Investment-management

    LICENSING & DEPLOYMENT

    • Proprietary
    • Cloud Hosted
    • Web-based
    • Android
    • Windows

    SUPPORT

    • Email
    • 24x7 Support

    Knowledge Base

    • Help Guides
    • Blog
    • Case Studies

    Pricing Type

    • Contact Vendor

    Preferred Currency

    • USD ($)

    Free Version

    • No

    Payment Frequency

    • Monthly Payment
  • QuickBooks Online Advanced is a cloud-based, all-in-one, accounting and business hub solution, designed for growing, small to mid-sized businesses. Get performance reporting with highly customizable tracking tools, automated workflows, and real-time revenue ... read more about QuickBooks Online Advanced

    All features are easy to use.... this software works great for our business. reviewed by: Jatin Kumar at Software Advice
    Entry Level Price
    $54 Per Month
    Free Trial
    30 Days
    50% in Financial Planning Software
    • Accounting Integration
    • Budgeting & Forecasting
    • Cash Management
    • Consolidation/Roll-Up
    • Expenditure Tracking
    • Financial Reporting
    • Revenue Recognition
    • Risk Management
    • Tax Management

    LICENSING & DEPLOYMENT

    • Cloud Hosted
    • Web-based
    • iPhone/iPad
    • Android

    SUPPORT

    • Chat
    • Phone

    Knowledge Base

    • Help Guides
    • Video Guides
    • Blogs
    • Webinars
    • Infographics

    Pricing Type

    • Flat Rate

    Free Version

    • No

    FREE TRIAL

    • 30 Days Trial

    Payment Frequency

    • Monthly Payment

    AVAILABLE PACKAGES

    Standard
    $54 Per Month
  • Quicken keep your finances organized with Quicken and make this tax season the easiest one yet. Get your complete financial picture at a glance. With Quicken, you can view your banking, investment, ... read more about Quicken

    Entry Level Price
    $35.99 Per Year
    Free Trial
    30 Days
    33% in Financial Planning Software
    • Accounting Integration
    • Budgeting & Forecasting
    • Cash Management
    • Consolidation/Roll-Up
    • Expenditure Tracking
    • Financial Reporting
    • Revenue Recognition
    • Tax Management

    LICENSING & DEPLOYMENT

    • Cloud Hosted
    • Web-based
    • iPhone/iPad
    • Android
    • Windows
    • Mac
    • Linux

    SUPPORT

    • Chat
    • Phone

    Knowledge Base

    • Help Guides
    • Video Guides
    • Whitepapers
    • On-Site Training

    Pricing Type

    • Flat Rate

    Free Version

    • No

    FREE TRIAL

    • 30 Days Trial

    Payment Frequency

    • Annual Subscription

    AVAILABLE PACKAGES

    Standard
    $35.99 Per Year
  • inStream simplifies your planning process to help you illustrate where a client is headed, and how they might get there. inStream provides you with the same confidence, clarity, and convenience that your ... read more about inStream

    Entry Level Price
    $149 Per Month
    Free Trial
    30 Days
    50% in Financial Planning Software
    • Budgeting & Forecasting
    • Expenditure Tracking
    • Financial Reporting
    • Investment Management

    INDUSTRIES

    • Investment-management

    LICENSING & DEPLOYMENT

    • Open Source
    • Cloud Hosted
    • Web-based
    • Windows
    • Mac

    SUPPORT

    • Email
    • Phone
    • 24x7 Support

    Training

    • Webinar

    Knowledge Base

    • Help Guides
    • Whitepapers
    • On-Site Training

    Pricing Type

    • Flat Rate

    Preferred Currency

    • USD ($)

    Free Version

    • No

    FREE TRIAL

    • 30 Days Trial

    Payment Frequency

    • Monthly Payment
    • Annual Subscription
    • Quote Based

    AVAILABLE PACKAGES

    Standard
    $149 Per Month
  • Money Manager Ex is a free, open-source, cross-platform, easy-to-use personal finance software. It primarily helps organize one's finances and keeps track of where, when and how the money goes. It is also ... read more about Money Manager Ex

    Entry Level Price
    Free version
    Free Trial
    Available
    25% in Financial Planning Software
    • Accounting Integration
    • Budgeting & Forecasting
    • Cash Management
    • Financial Reporting
    • Risk Management
    • Tax Management

    LICENSING & DEPLOYMENT

    • Web-based
    • Windows

    SUPPORT

    • Phone

    Knowledge Base

    • Help Guides
    • Blogs
    • Case Studies

    Pricing Type

    • Free

    Payment Frequency

    • Free
  • Frontline Education is an integrated insights partner serving more than 12,000 educational organizations and millions of educators, administrators and support personnel in their efforts to develop the next generation of learners. Bringing ... read more about Frontline Education

    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    14% in Financial Planning Software
    • Accounting Integration
    • Budgeting & Forecasting
    • Financial Reporting

    INDUSTRIES

    • Education-management
    • Higher-education
    • Human-resources

    LICENSING & DEPLOYMENT

    • Proprietary
    • Cloud Hosted
    • Web-based
    • Windows

    SUPPORT

    • Chat
    • Phone
    • 24x7 Support

    Training

    • Webinar

    Knowledge Base

    • Help Guides
    • Video
    • Blog
    • Case Studies
    • Webinars

    Pricing Type

    • Contact Vendor

    Preferred Currency

    • USD ($)

    Free Version

    • No

    Payment Frequency

    • Monthly Payment
  • Buddi is a personal finance and budgeting program, aimed at those who have little or no financial background. In making this software, I have attempted to make things as simple as possible, ... read more about Buddi

    Entry Level Price
    Free version
    Free Trial
    Available
    50% in Financial Planning Software
    • Accounting Integration
    • Budgeting & Forecasting
    • Cash Management
    • Consolidation/Roll-Up
    • Tax Management

    LICENSING & DEPLOYMENT

    • Web-based
    • Windows

    Knowledge Base

    • Help Guides
    • Blogs
    • Case Studies

    Pricing Type

    • Free

    Payment Frequency

    • Free
  • HomeBank is a free software that will assist you to manage your personal accounting. It is designed to easy to use and be able to analyse your personal finance and budget in ... read more about HomeBank

    Entry Level Price
    Free version
    Free Trial
    Available
    50% in Financial Planning Software
    • Accounting Integration
    • Budgeting & Forecasting
    • Cash Management
    • Consolidation/Roll-Up
    • Financial Reporting
    • Risk Management

    LICENSING & DEPLOYMENT

    • Web-based
    • Android
    • Windows

    SUPPORT

    • Phone

    Knowledge Base

    • Help Guides

    Pricing Type

    • Free

    Payment Frequency

    • Monthly Payment
  • Firefly III is a self-hosted financial manager. It can help you keep track of expenses, income, budgets and everything in between. It supports credit cards, shared household accounts, and savings accounts. It’s ... read more about Firefly III

    Entry Level Price
    Free version
    Free Trial
    Available
    50% in Financial Planning Software
    • Accounting Integration
    • Budgeting & Forecasting
    • Consolidation/Roll-Up
    • Expenditure Tracking
    • Financial Reporting
    • Revenue Recognition
    • Tax Management

    LICENSING & DEPLOYMENT

    • Cloud Hosted
    • On Premises
    • Web-based
    • Windows
    • Linux

    SUPPORT

    • Phone

    Knowledge Base

    • Help Guides
    • Blogs
    • Case Studies

    Pricing Type

    • Free

    Payment Frequency

    • Free
  • Skrooge allows you to manage your personal finances, powered by KDE. Thanks to its many features, it is one of the most powerful way to enter, follow, and analyze your expenses.Based on ... read more about Skrooge

    Entry Level Price
    Free version
    Free Trial
    Available
    100% in Financial Planning Software
    • Accounting Integration
    • Budgeting & Forecasting
    • Cash Management
    • Consolidation/Roll-Up
    • Financial Reporting
    • Revenue Recognition
    • Tax Management

    LICENSING & DEPLOYMENT

    • Cloud Hosted
    • Web-based
    • Windows

    Knowledge Base

    • Help Guides
    • Case Studies

    Pricing Type

    • Free

    Payment Frequency

    • Free
  • KMyMoney is a cross-platform personal finance manager build on KDE frameworks technologies for your desktop and notebook environment. It enables users to keep careful track of their personal finances by providing a ... read more about KMyMoney

    Entry Level Price
    Free version
    Free Trial
    Available
    100% in Financial Planning Software
    • Accounting Integration
    • Budgeting & Forecasting
    • Expenditure Tracking
    • Financial Reporting
    • Revenue Recognition
    • Tax Management

    LICENSING & DEPLOYMENT

    • Web-based
    • Windows

    Knowledge Base

    • Help Guides
    • Blogs
    • Case Studies

    Pricing Type

    • Free

    Payment Frequency

    • Free
  • MoneyGuidePro® believes Everyone needs and deserves a quality financial plan. As an innovator and industry leader, PIEtech is focused on helping financial advisors use technology to help more clients prepare for retirement ... read more about MoneyGuide

    Entry Level Price
    Contact vendor
    Free Trial
    14 Days
    100% in Financial Planning Software
    • Budgeting & Forecasting
    • Consolidation/Roll-Up
    • Credit Card Management
    • Risk Management
    • Tax Management

    LICENSING & DEPLOYMENT

    • Cloud Hosted
    • Web-based
    • Windows
    • Mac

    SUPPORT

    • Phone

    Knowledge Base

    • Help Guides
    • Blogs
    • Case Studies

    Pricing Type

    • Contact Vendor

    Free Version

    • No

    FREE TRIAL

    • 14 Days Trial

    Payment Frequency

    • Monthly Payment
  • Whether you're a financial advisor or a do-it-yourself individual, you can use WealthTrace's comprehensive financial and retirement planning software. Easy to understand results show if you will outlive your money. We have ... read more about WealthTrace

    Entry Level Price
    $229 Per Year
    Free Trial
    14 Days
    100% in Financial Planning Software
    • Accounting Integration
    • Consolidation/Roll-Up
    • Investment Management
    • Risk Management
    • Tax Management

    LICENSING & DEPLOYMENT

    • Cloud Hosted
    • Web-based
    • Android
    • Windows

    Knowledge Base

    • Help Guides
    • Blogs
    • Case Studies

    Pricing Type

    • Flat Rate

    Free Version

    • No

    FREE TRIAL

    • 14 Days Trial

    Payment Frequency

    • Monthly Payment

    AVAILABLE PACKAGES

    Standard
    $229 Per Year
  • From big-picture to in-depth, Money Tree Software offers professional financial planning solutions for advisors. Plan the way for your clients'​ financial futures.Silver's interactive big-picture planning supports important conversations about your client's financial ... read more about Moneytree

    Entry Level Price
    $495 Per Year
    Free Trial
    N/A
    100% in Financial Planning Software
    • Accounting Integration
    • Cash Management
    • Consolidation/Roll-Up
    • Credit Card Management
    • Revenue Recognition

    LICENSING & DEPLOYMENT

    • Cloud Hosted
    • Web-based
    • Windows

    Knowledge Base

    • Help Guides
    • Video Guides
    • Blogs
    • Case Studies

    Pricing Type

    • Flat Rate

    Free Version

    • No

    Payment Frequency

    • Annual Subscription

    AVAILABLE PACKAGES

    Standard
    $495 Per Year
  • Use RightCapital’s powerful, interactive projection tools to help clients prepare for retirement and plan for different contingencies.Show your clients how they can save money using tax-efficient strategies for distributing their assets such ... read more about RightCapital

    Entry Level Price
    $124.95 Per Month
    Free Trial
    14 Days
    100% in Financial Planning Software
    • Accounting Integration
    • Budgeting & Forecasting
    • Cash Management
    • Expenditure Tracking
    • Revenue Recognition
    • Tax Management

    LICENSING & DEPLOYMENT

    • Cloud Hosted
    • Web-based
    • Windows

    SUPPORT

    • Phone

    Knowledge Base

    • Help Guides
    • Video Guides
    • Webinars

    Pricing Type

    • Flat Rate

    Free Version

    • No

    FREE TRIAL

    • 14 Days Trial

    Payment Frequency

    • Monthly Payment

    AVAILABLE PACKAGES

    Standard
    $124.95 Per Month
  • eMoney is a comprehensive and scalable technology platform and services that empowers financial advisors to meet a broad range of financial planning needs for their clients. Built upon our planning-centric platform, our ... read more about eMoney

    Entry Level Price
    Contact vendor
    Free Trial
    14 Days
    40% in Financial Planning Software
    • Accounting Integration
    • Cash Management
    • Expenditure Tracking
    • Financial Reporting
    • Investment Management
    • Risk Management
    • Tax Management

    INDUSTRIES

    • Financial-services

    LICENSING & DEPLOYMENT

    • Open Source
    • Cloud Hosted
    • Web-based
    • iPhone/iPad
    • Android
    • Windows
    • Mac

    SUPPORT

    • Email
    • Phone
    • 24x7 Support

    Training

    • Webinar

    Knowledge Base

    • Help Guides
    • Blogs
    • Webinars
    • Case Studies
    • On-Site Training

    Pricing Type

    • Contact Vendor

    Preferred Currency

    • USD ($)

    Free Version

    • No

    FREE TRIAL

    • 14 Days Trial

    Payment Frequency

    • Monthly Payment
    • Annual Subscription
    • Quote Based
  • We empower clients to become active participants in their financial heath. Our collaborative planning process pairs experienced advice with technological innovation to help clients make informed decisions and build confidence in reaching ... read more about Principium

    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    100% in Financial Planning Software
    • Accounting Integration
    • Budgeting & Forecasting
    • Consolidation/Roll-Up
    • Credit Card Management
    • Revenue Recognition

    LICENSING & DEPLOYMENT

    • Cloud Hosted
    • Web-based
    • Android
    • Windows

    Knowledge Base

    • Help Guides
    • Blogs
    • Case Studies

    Pricing Type

    • Contact Vendor

    Free Version

    • No

    Payment Frequency

    • Monthly Payment
  • In financial advice industry, the single biggest challenge for financial advisors is to produce financial plans for their clients; financial plans that involve simple steps to produce, that are concise, and easily ... read more about GowealthPro

    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    100% in Financial Planning Software
    • Accounting Integration
    • Cash Management
    • Consolidation/Roll-Up
    • Expenditure Tracking
    • Credit Card Management
    • Revenue Recognition
    • Tax Management

    LICENSING & DEPLOYMENT

    • Cloud Hosted
    • Web-based
    • Android
    • Windows

    SUPPORT

    • Chat

    Knowledge Base

    • Help Guides
    • Blogs
    • Whitepapers

    Pricing Type

    • Contact Vendor

    Free Version

    • No

    Payment Frequency

    • Monthly Payment
  • Westwood, MA based OMYEN Corp. has developed the Personal Financial Index® or PFITM. This online financial planning software allows an individual or a family to take a 360o view of their finances ... read more about Omyen

    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    100% in Financial Planning Software
    • Accounting Integration
    • Cash Management
    • Expenditure Tracking
    • Credit Card Management
    • Revenue Recognition
    • Tax Management

    LICENSING & DEPLOYMENT

    • Cloud Hosted
    • Web-based
    • Android
    • Windows

    SUPPORT

    • Chat

    Knowledge Base

    • Help Guides
    • Case Studies

    Pricing Type

    • Contact Vendor

    Free Version

    • No

    Payment Frequency

    • Monthly Payment
  • The RetireWire MoneyGuide will help you define what type of retirement you want and what type of retirement you need. The software then helps you prioritize those things from most to least ... read more about RetireWire

    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    100% in Financial Planning Software
    • Budgeting & Forecasting
    • Consolidation/Roll-Up
    • Credit Card Management
    • Revenue Recognition
    • Tax Management

    LICENSING & DEPLOYMENT

    • Cloud Hosted
    • Web-based
    • Windows

    SUPPORT

    • Phone

    Knowledge Base

    • Help Guides
    • Case Studies

    Pricing Type

    • Contact Vendor

    Free Version

    • No

    Payment Frequency

    • Monthly Payment
  • Consumers and do-it-yourself investors: Do it all yourself, and make better financial plans than you'd get by hiring a sophisticated and expensive financial planner. Also you can create your own custom investment ... read more about Tools For Money

    Entry Level Price
    Contact vendor
    Free Trial
    N/A
    100% in Financial Planning Software
    • Accounting Integration
    • Cash Management
    • Consolidation/Roll-Up
    • Expenditure Tracking
    • Credit Card Management
    • Revenue Recognition
    • Tax Management

    LICENSING & DEPLOYMENT

    • Cloud Hosted
    • Web-based
    • Android
    • Windows

    Knowledge Base

    • Help Guides
    • Blogs
    • Case Studies

    Pricing Type

    • Contact Vendor

    Free Version

    • No

    Payment Frequency

    • Monthly Payment
  • Brentmark® Software provides personal financial planning products and services for professionals and consumers: estate, financial, and retirement planning software. Software products include Retirement Plan Analyzer, Estate Planning Tools, PFP Notebook™, Retirement Distributions ... read more about Brentmark

    Entry Level Price
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    N/A
    100% in Financial Planning Software
    • Budgeting & Forecasting
    • Cash Management
    • Expenditure Tracking
    • Investment Management
    • Risk Management

    LICENSING & DEPLOYMENT

    • Cloud Hosted
    • Web-based
    • Android
    • Windows

    Knowledge Base

    • Help Guides
    • Blogs

    Pricing Type

    • Contact Vendor

    Free Version

    • No

    Payment Frequency

    • Monthly Payment
  • Our financial planning software provides powerful capabilities that allow us to develop your financial plan. We do it collaboratively with YOU at the center of the planning process. View the Financial Planning ... read more about Kastler

    Entry Level Price
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    Free Trial
    N/A
    100% in Financial Planning Software
    • Accounting Integration
    • Consolidation/Roll-Up
    • Credit Card Management
    • Investment Management
    • Revenue Recognition
    • Tax Management

    LICENSING & DEPLOYMENT

    • Cloud Hosted
    • Web-based
    • Android
    • Windows

    Knowledge Base

    • Help Guides
    • Blogs

    Pricing Type

    • Contact Vendor

    Free Version

    • No

    Payment Frequency

    • Monthly Payment
  • You can easily create a financial plan for your retirement and other personal financial planning.It provides the financial planning tools you need to create a comprehensive personal financial plan.You can plan for ... read more about J&L Financial Planner

    Entry Level Price
    Free version
    Free Trial
    Available
    100% in Financial Planning Software
    • Accounting Integration
    • Cash Management
    • Consolidation/Roll-Up
    • Expenditure Tracking
    • Investment Management
    • Tax Management

    LICENSING & DEPLOYMENT

    • Cloud Hosted
    • Web-based
    • Android
    • Windows

    Knowledge Base

    • Help Guides
    • Blogs
    • Case Studies

    Pricing Type

    • Free

    Payment Frequency

    • Monthly Payment
  • eFinPLAN is comprehensive financial planning software for all type of individuals. For the first time it is easily accessible for the regular consumer to have access to low-cost financial planning. eFinPLAN also ... read more about eFinPlan

    Entry Level Price
    $99.00 Per Year
    Free Trial
    N/A
    100% in Financial Planning Software
    • Accounting Integration
    • Cash Management
    • Consolidation/Roll-Up
    • Expenditure Tracking
    • Investment Management
    • Risk Management

    LICENSING & DEPLOYMENT

    • Cloud Hosted
    • Web-based
    • Windows

    Knowledge Base

    • Help Guides
    • Blogs
    • Case Studies

    Pricing Type

    • Flat Rate

    Free Version

    • No

    Payment Frequency

    • Annual Subscription

    AVAILABLE PACKAGES

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    $99.00 Per Year

Buyer’s Guide

Buyer's Guide to Financial Planning Software

From a business or an individual perspective - financial planning has always been considered as THE most vital aspect of planning for the future. With the twists and turns in global economic forecasts, maintaining control over finances has become paramount.

This Buyers Guide on Financial Planning Software seeks to aid users in their quest for digital tools to help businesses (as well as independent users) gain control, effectivize, and collectively increase their financial planning capabilities. This will greatly aid business and personal prosperity. 

GoodFirms has published this resource featuring the features, benefits, costs, and other related information to ease your purchase decision process of the financial planning system. This will enable you to choose the best possible software for your organization.

What is Financial Planning?

A financial plan is the most crucial aspect of an overall business plan,  as it specifies the avenues - resources, activities, and investments - into which businesses must distribute funds to meet the organization's strategic goals.  

Financial planning is a process by which companies analyze the business environment and determine how best to deploy the capital required to meet the objectives and vision of the organization. The planning process takes into account: 

  • Analysis of the quantity and quality of resources required to achieve specific progress.
  • Formulation of a budget. This determines how to allocate funds to resource acquisition or service and investment.  The firm’s financial goals are the foremost thought while accomplishing this task. 
  • The source of funds to meet the financial requirements to achieve goals (Owned Capital v/s Borrowed Capital)
  • The time frame to accomplish the financial objectives 
  • Risks and mitigating factors to affect business performance on the financial front. 

Good financial planning crystallizes to form a great financial plan. The planning process results in the creation of policies that help administer funds needed by an organization to meet its business goals in the future.  

Financial planning must include details on investments, cash flow, debt, and other monetary resources at the disposal of the company to help meet both short-term and long-term objectives.

What Are The Types Of Financial Planning?

While there are a plethora of types and modes of financial planning for individuals, the categorization is relatively straight-forward for business. There are three types of financial planning modes - 

  • Short-Term Financial Planning: Carried out for a short period of time, i.e., just six months to one fiscal year, this type of financial planning involves the management of short-term deficits and immediate working capital needs (Inventory, Raw Materials, Debtors, etc.). There is lesser ambiguity involved as one can plan for market trends in the near future. However, the plans are subject to change as per investment opportunities and financial constraints. 
  • Medium-Term Financial Planning: This type of financial planning generally considers a wider time-frame of between two to five years for financial strategy execution. Here, the focus is on investing and improving assets, bettering process structure, innovative research, and development, etc. 
  • Long-Term Financial Planning: Focussing on the financial outlay of the organization for a period beyond 10 years, long-term financial planning looks to match the ambitions of the company’s overall objective with necessary financial bandwidth. This includes focussing on mergers and acquisitions, long-term capital planning, etc. 

Why Is Financial Planning Considered The Backbone Of Business Strategy?

An unsuccessful business will always point its finger at a flawed business strategy execution for its demise. However, beyond execution, business strategy is dependent on accurate planning throughout all verticals of the businesses, especially the financial division. Here are a few reasons why important financial planning goes a long way in securing the business strategy: 

  • Financial planning helps create a budget through which businesses can plan for the judicious use of funds for different verticals. Calculating miscellaneous expenses, taxes, salaries, etc., early gives organizations a head start. Even the marketing and sales teams, the operations department, and IT whizzes depend on financial planning to help them execute their tasks as per a fixed budget to achieve short and long-term business strategies.  
  • A direct off-shoot of budgeting is resource planning. Through financial planning, businesses are capable of being sure of the quantity and quality of resources they can opt to deploy. The resources may be human capital or equipment. This is particularly important to execute business strategy. 
  • Financial planning also helps with forecasting and profit estimation. We can estimate the total output at a particular level of investment (resource allocation, research, etc.) and prepare for proportional profits, based on prevalent market conditions. 
  • Financial planning also gives organizations a birds-eye view of the total assets and liabilities on its balance sheet. Building a good business strategy depends on the maintenance of two fundamentals, i.e., reducing liabilities (loans) and increasing assets. Any miscalculation here results in a complete down-turn of business performance.
  • An important aspect of business strategy is investments. They may be monetary (bank bonds, etc.) or investment in equipment upgrades or investment in better systemic processes.

How Does A Miscalculated Financial Plan Affect A Business?

Businesses depend on an exceptional financial plan to lead them on the path to profits and productivity excellence. A miscalculation in the financial plan has disastrous effects. Some of them are as follows -

  • Undercooked budgets that result in poor financial judgment 
  • Poor resource planning due to excessive or deficient which ruins business performance
  • Lack of insight on business investments and improvements  
  • Incorrect communication with stakeholders on business objectives and achievements 
  • Miscalculated financial forecasts result in profit reduction. 
  • Logjam in the workings of multiple departments owing to the poor financial outlay 
  • Spiraling increases in liabilities (debt) which may force business closure
  • Lower working capital which puts pressure on other resources 
  • Constant scrutiny of medium and long-term strategies to push businesses into uncertainty.

What Are The Challenges Associated With Financial Planning During Unprecedented Global Circumstances?

Crises represent opportunities for the best minds to come up with innovative solutions. However, unprecedented global circumstances - such as the dotcom bubble burst of the early 2000s and the economic depression of 2008 - offer a different kind of headache to financial planning. 

With a major (often negative) shift in global economic conditions, businesses need to adapt - especially on their financial front. Financial plans made prior to such circumstances need refreshment. Some of the challenges faced associated with financial planning in such circumstances are as follows: 

  • Complete realignment of financial strategy considering prevalent business scenarios
  • Formulating entirely new forecast models for business performance 
  • Discarding previous investment schemas & creating new ones with reduced budgets 
  • Recalculating budgets of departments that may meet objectives and those that may not  
  • Financial planning for newer revenue streams 
  • Dynamic improvement on reserve Cash Management
  • Lower Margin for error
  • The necessity to relook at investment options and plan for lower risk almost immediately

What Are The Essential Tools Businesses Should Implement To Grow Their Financial Planning Practices?

Financial planning requires the right degree of knowledge and assistance to develop sound strategies for businesses to prosper. Tools and toolkits have been created to assist financial planners within organizations to perform their duties. 

Some of the most important tools for businesses to grow their financial planning practices include: 

  • Accounting Tools 
  • Budgeting and Forecasting Software
  • Cash Flow Analytics and Management 
  • Financial Reporting Dashboards and Analytics platforms 
  • Expenditure analysis tools 
  • Market analysis tools
  • Payroll analysis software

What is Financial Planning Software?

Given the incredible expanse of business operations in the 21st century, it is imperative to implement technology into any financial planning mode. This reduces ambiguity and bolsters the recording of various financial metrics and motives. Thus arose Financial Planning Software. 

Financial management software helps organizations maintain strict financial adherence to objectives - aiding in the creation and maintenance of a budget, controlling expenditures, monitoring investments, as well as financial planning for future business operations. 

All of these are just a microcosm of the functionality of the software. Any financial planning tool ultimately looks to ensure the business is profitable but allocating funds to the right purposes. Financial software highlight key outlooks for the business such as:

  • Current Financial strength of the firm
  • Financial business goals 
  • Timeline of investments needed into important sections of the business
  • Business Risk Calculation
  • Type of investments to be made for business performance enhancement

What’s more, you ask? Individuals, besides organizations, require guidance in sound financial planning for their future. Financial planning software for individuals is the answer they are seeking.

What Is The Need For Financial Planning Software?

As businesses seek growth, especially in a dynamic environment like today, the need to maintain financial equilibrium is greater than ever. Some of the key reasons for businesses to invest in good financial management systems are as documented below. 

All businesses need to maintain strict adherence to their formulated budget. Any digression in doing so could be fatal for business objectives. Financial planning systems help keep budgets in check. 

With an increase in business inflows and outflows, it becomes imperative to maintain records for taxation purposes as well as impeccable accounting standards. Some of the best financial planning software assist flawlessly in this regard. Reporting and analytics tools, as well as exceptional tracking modes (expenditure tracking, etc.), help firms maintain a firm grip on their finances. 

One of the core reasons for businesses to exist is to generate profit for their stakeholders. As the world evolves toward a more sustainable model, the business models need considerable refurbishment too. This usually takes the form of investment in key processes, equipment, and monetary tools. Financial planner software ace this test by providing key insights on methods to increase inflow, and by that virtue, monetary profits. 

Financial planning platforms also highlight risks involved in certain business processes (from a financial aspect), while highlighting clear options to cut expenses down such avenues. One can also optimize financial plans based on the reports generated by the financial management system software. The data from such reports is safely stored for future reference. 

Furthermore, there are several management tools (cash management) that both individual financial advisors and financial specialists within organizations use to plan and perform financial activities.

Features of Financial Planning Software?

Some of the most important features of an online financial planning tool are as follows - 

  • Accounting Integration: Finance software solutions usually replace multiple and discrete accounting software systems with an integrated accounting tool to perform functions such as order keeping, costing, and other important accounting services. 
  • Budgeting and forecasting: A finance management tool usually helps formulate budgets that keep in mind the best-performing verticals and the amount of investment required to achieve a level of performance that reflects potential and market scenarios. Forecasting is also a vital feature, as financial planning software can easily plot a course for business verticals at specific levels of investment. 
  • Expenditure Tracking: Even free financial management software has the capability to track & record a business’s outflows to ensure all sums to be disbursed are done so efficiently, following strict timelines.  
  • Investment Management: Besides premium versions on the market, free financial planning software should also be capable of helping businesses understand the different channels into which they should invest capital to achieve business objectives. 
  • Risk Management: The degree to which risk is incorporated into the business operation and revenue generation is dependent on the firm. Maintaining investment and operations efficiency with risk inclusive factors is important. 
  • Cash Management: Managing the inflows and outflows of cash (digital or currency notes) in an organization is important. Popularly called working capital, cash management techniques in financial planning software help businesses understand the obligations they can fulfill immediately with their reserves as well as show how to maintain savings.
  • Revenue Recognition:  A Generally Accepted Accounting Procedure (GAAP), the Revenue Recognition feature in the best online financial planning platforms helps organize and account for revenue from different sources. 
  • Tax Management: The financial planning software must help showcase avenues where tax can be scrupulously saved and what the companies outflow to the government are through its business lines.

What Are The Advantages Of Financial Planning Software?

Some of the most important advantages of Financial Software Solutions  are as follows: 

  • Financial Reporting and Analytics 
  • Easy and accurate  Budgeting and Forecasting 
  • Tax Report Analysis 
  • Investment tracking and analysis tools to increase profits
  • Error-free Analysis of financial plans 
  • Good financial planning software helps eliminate miscommunication and increases collaboration between teams 
  • Real-time financial information updates 
  • Time-saving features include the extraction of data and automated calculations to speed up the process of financial planning
  • Centralized storage to facilitate quick access to important financial reports and data
  • Cash flow analysis to estimate and increase profit margins 
  • Strategic planning of assets, liabilities, and expenditures to plan for different market scenarios

How Much Does The Financial Planning Software Cost?

Financial planning software for consumers - whether businesses or individuals - are priced differently based on features, creator organization, and subscription models.

Some of the best free and open Source Financial Planning Software solutions can help those with less budget or run a start-up small-scale business. 

HomeBank is a finance management tool that offers a free version with fuller versions needing a subscription at an affordable price. WealthTrace is another competitor that charges a more affordable price of $229 per year.  Moneytree is, by far, one of the most popular software on the market. It offers a 14-day trial period for the use of its software, followed by a base plan starting at $495 per year. 

Renowned Financial Planning firm Envestnet has created its own software MoneyGuide, which offers a 14-day trial period with custom pricing that depends on the number of users. Right Capital is one of the most premium financial planning software on offer here, coming in at $124.95 per month. 

OnTrajectory is one of the most affordable financial planning systems available, priced at just $9 per month and $ 5 per month (paid annually after a discount). 

Most, if not all, of the other software listed on GoodFirms, require a personal consultation before prices can be decided.

Why Consider Goodfirms' List Of Top Financial Planning Software?

We at GoodFirms have created a comprehensive list of Financial Planning Software. This resource has been created to document the functionality of financial planning tools, which will greatly aid users in their final buying decision.  

Besides features and benefits alone, this buyer’s guide presents important information on the necessity for businesses to have financial planning systems and the average costs associated with different versions. 

We have listed out Free and open-source Financial planning software and premium financial planner tools. If you feel you need to parse through different kinds of software, our software directory will have all the information for your perusal. Do read!

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