Financial planning and analysis software can help managers and businesses create realistic budgets, plan, make assessments, and monitor operational activities. The company’s financial performance improves with time when all these things are streamlined and working together. Financial planning and analysis software allows companies to forecast, plan, and analyze via different reporting methods.
Imagine having software that tells you when there are risks and shows opportunities to invest in doubling the profits – these are the minimum benefits of financial planning and analysis software. In this way, companies can invest small and maximize their ROI quickly. With all this in progress, your company will be luring in investors and clients worldwide.
1. Financli
Financli is one of the best financial planning and analysis software that allows companies to do more than just budgeting and forecasting. Our software enables businesses to create reports and keep track of all spending and expenses. As a result, you can make precise business decisions for the company with accurate and highly understandable reports.
Your company is set to increase sales with our FP&A software as it measures and predicts future sales by analyzing each year, month, and week’s profit by sales. In this way, you can also see your company’s sales performance and decide on fixing the budgets.
Top Features
- Monthly income statement
- Digital marketing budgeting module
- Cash flow statement
- Break-even analysis
- Variance reports
- Financial ratios
- Financial dashboard software
- financial management software for nonprofits
- DIY financial planning software
- Sales forecasting
Top 3 Features
1. Monthly Income Statement
You need a readable copy of the company’s income statement to see a complete and thorough understanding of your finances. This feature allows you to enter the details, and the software will produce a month’s income statement in no time.
2. Digital Marketing Budgeting Module
Business is only possible with marketing, and companies must set aside a large portion of their budget for marketing. This feature allows you to keep an eye on this part of the budget and shows you the ROI increase of applied marketing campaigns.
3. Cash Flow Statement
Understanding cash flow is the foremost thing any financial expert will want to do. With this feature, managers, CEO, and people of interest can easily understand cash flow and can make better budgeting and financial systems for the company.
Pricing
You can get a custom price quote by contacting the company.
Customer Support
- Phone
- Online Ticket
Conclusion
The best part about our financial planning and software is that you can monitor expenses by seeing monthly and yearly reports. Our software also shows how well your company uses the assets and where a significant part of the budget is spent. Financli is a promising platform, especially for small businesses and new startups, as our software analyzes your company’s financial performance in different circumstances.
2. Planful
Planful makes it to the second of our list of financial planning and analysis software. It is well suited for companies that want more significant insights into their company’s financial strengths and weaknesses. With this software solution, you don’t have to worry about variability; it provides reports allowing companies to plan by seeing their growth in the market.
In addition, this financial planning and analysis software for small businesses is AI-powered, which will benefit you in driving success in financial operations. You can benefit from a unified view of all historical and current financial affairs – making it easy for the person in charge to do an in-depth analysis. This way, your company can maintain, manage, develop, and observe cash flows.
Top Features
- Financial planning
- Budgeting
- Forecasting
- Annual operating plan
- Cash flow forecasting
- Scenario analysis
- Financial reporting
- Rolling forecasts
- Financial close management
- Financial consolidation
Top 3 Features
1. Financial Reporting
This financial reporting is completely based on past and present trends, which also gives an idea about the trends that tend to occur in the future. It presents the most robust financial charts to your investors, allowing them to understand your company’s potential.
2. Financial Month-End Closing
Closing accounts is a nightmare for any financial professional – it takes a lot of time, and a single digit can change the course of your accounts. This feature will eliminate the fuss while the professionals will focus on more critical things by automating month-end closing.
3. Financial Scenario Analysis
The market curve is the most uncertain thing in the corporate world. So companies have to prepare themselves for every dip and jump – this feature will show every financial scenario and how it will affect the company’s sales, ROI, and profits.
Pricing
You can get a custom price quote by contacting the company.
Customer Support
- Phone
- Chatbot
Conclusion
The best thing about this financial planning and analysis software is that it helps you in closing your financial month, ensuring you do not make any mistakes in budgeting or other financial calculations. In addition, your company can also prepare for the upcoming circumstances as the software shows how your company will be affected by the market curve.
3. Cube
Cube ensures that your financial planning and analysis processes will speed up while maintaining accuracy and precision. The software allows businesses to create a flow of manual data without any possible errors, enabling you to make better-informed decisions.
The generated financial reports empower you to take control of budgeting and automate cash flows. This software solution stands out as companies can import their excel data and settle accounts within minutes.
Top Features
- Automate data consolidation
- Multi-scenario analysis
- Customize dashboards
- Spreadsheet integration
- Multi-currency support
- User-based controls
- Shareable templates
- Drill down and audit trail
- Customized formulas and KPIs
- Real-time insights
Top 3 Features
1. Centralized Formulas and KPIs
This feature allows you to store all the financial formulas and information in a single place that is easy to manage. Then, all you have to do is put the data; automation will provide output before you know it.
2. Multi-Currency Support
Now, this is the feature that the above competitors don’t have, which also means this software is easy to use and best for companies that conduct business offshore. You can finally put an end to using calculators for converting currencies.
3. Financial Spreadsheet Integration
For decades, financial professionals have been using spreadsheets for budgeting and reporting. Unfortunately, it becomes difficult for them to get off it instantly, so this feature allows you to use spreadsheets within the software.
Pricing
For essentials: $1250 per month
For premium: $2450 per month
For enterprise: pricing plans will be furnished by company
Customer Support
- Chatbot
- Online Ticket
Conclusion
This software solution enables businesses to analyze strategies based on accurate insights into future market trends, especially concerning finances. Cube helps automate financial processes and features multi-currency support, making it ideal for businesses with international operations. Additionally, Cube offers various pricing plans and the best customer support to cater to your company’s unique needs, ensuring a tailored and efficient financial management experience.
4. Board
If your company has been looking for financial planning and analysis software that uncomplicates financial operations, then Board is your best option. This platform enables companies to onboard an economic transformation that merges data from different sources into a meaningful data set.
This software reduces the burden of every employee in the finance department as it automatically collects the latest concerning information and data. It also lets companies create customized dashboards via drag and drop feature. This way, you can get a viewpoint of your choice and better understand your financial performance.
Top Features
- Financial planning
- Financial reporting
- Self-service analytics
- Predictive analytics
- Advanced analytics
- MS-Office integrations
- Financial needs analysis
- Financial strategic planning
- Financial closing
- Lease accounting
Top 3 Features
1. Financial Analysis
This software solution analyzes your financial statements and balance sheets, projecting the financial needs of a company with accuracy and efficiency. By leveraging the Board’s advanced analytical capabilities, businesses can make well-informed decisions, optimize their financial strategies, and improve their financial performance.
2. Financial Planning
Board provides AI financial planning assistance based on understanding a company’s financial operations and strategies. It then generates different reports to determine which part of the finances needs control.
3. Financial Reporting
Understanding detailed reports is only a cup of tea for some. So this FP&A has a reporting system that lets managers create customized reports that can be distributed across all company departments.
Pricing
You can get a custom quote by contacting the company.
Customer Support
- Phone
Conclusion
Board’s FP&A software is an ideal solution for companies seeking to streamline their financial operations and gain valuable insights into their financial performance. The customizable dashboards and MS-Office integrations further enhance the user experience and facilitate seamless collaboration across departments. With dedicated customer support and a custom pricing model, Board’s FP&A software is a worthy investment for any organization looking to optimize their financial strategies and decision-making processes.
5. Anaplan
Anaplan is for the big sharks of the corporate world which empowers them to create a solid budget and plan for different market scenarios while providing deep forecasts. This financial planning and analysis software solution dissolves the traditional financial budgeting and predictions and replaces it with profitable financial models.
This software solution becomes a bridge between planning and annual financial goals while letting you have complete control over your financial operations. It alerts managers when the market may take a hike or might step down from a specific number. This will allow you and the designated teams to take profitable actions and never face any loss.
Top Features
- Cost optimization
- Financial planning
- Budgeting
- Forecasting
- Financial operational planning
- Financial strategic planning
- Sales forecast
- Profitability analysis
- Collaborative insights
- Cost management
Top 3 Features
1. Profitability Analysis
With reports featuring easy to read charts, this software gives top-level clarity with full transparency. This will help your financial department see a rise in margins and profits. You can evaluate the data points related to budgeting and planning that can help to augment profits for your company.
2. Budgeting
With this feature, you don’t have to create a 12-month budget. Rather, you can create customized budgets for small projects without having to spend months on planning. This feature provides automation on each level, you just have to add external and internal data and you can get a budget tailored to your needs.
3. Financial Modeling and Forecasting
By leveraging Anaplan modeling and forecasting, you can effectively gauge the impact of alternative courses of action and make informed decisions. This powerful tool allows you to explore different scenarios, pivot from various options, and identify the best outcomes aligned with their strategic goals. In addition, Anaplan fosters collaboration among team members, enabling them to collectively assess potential future financial implications and adjust strategies accordingly.
Pricing
You can get a custom quote for different plans including basic, professional and enterprise.
Customer Support
- Chatbot
- AnaPlan Support
- Online Ticket
- Phone
Conclusion
Anaplan is a game changer for companies that desire to become market leaders. With improved financial planning, your business can overcome any market uncertainties. Anaplan allows companies to adapt required changes that increase ROI and margins no matter what market conditions are.
Comparison Table
| Feature | Financli | Planful | Cube | Board | Anaplan |
| Budgeting | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| Data Integration | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| Cash Flow Forecasting | ✔️ | ❌ | ❌ | ❌ | ✔️ |
| Consolidation | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| Project Planning/Management | ✔️ | ❌ | ❌ | ❌ | ✔️ |
| Financial Reporting | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
Wrapping Up
Businesses of today need financial planning and analysis software that suggest adaptations according to the changing market conditions and trends. No matter the size and type of company, managing finances has always been laborious since the costs and prices are always fluctuating. This is why companies should use an FP&A software that shows where the money trails are going and recommends what plan of actions are needed to control cash flows.
Financli is a robust FP&A software solution that helps your company increase ROIs and profits through better financial planning. With our software, you can track and monitor finances at all times, so you don’t have to spend days planning the next financial strategy. Explore our services today and streamline your financial operations.
Frequently Asked Questions (FAQs)
1. How does financial planning and analysis software help with risk management?
Financial planning and analysis software helps with risk management by identifying potential risks and showing opportunities to invest, which in turn can double the profits. It enables businesses to forecast, plan, and analyze different scenarios, allowing them to be prepared for various market conditions and minimize potential losses.
2. Can financial advisors benefit from using financial planning and analysis software?
Yes, financial advisors can benefit from using financial planning and analysis software, as it provides them with accurate data and insights needed to make informed decisions for their clients. It also helps them in creating financial plans, managing budgets, forecasting, and analyzing different investment scenarios.
3. How does financial planning and analysis software improve financial decision-making?
Financial planning and analysis software improves financial decision-making by providing accurate and comprehensive data, insights, and reports on a company’s financial performance. It enables businesses to identify areas for improvement, optimize their financial strategies, and make better-informed decisions that can positively impact the company’s growth.
4. Why is cash flow analysis important in financial planning and analysis software?
Cash flow analysis is crucial in financial planning and analysis software because it allows businesses to understand their cash inflows and outflows. By analyzing cash flow, companies can create better budgets, manage their finances more effectively, and make informed decisions that ultimately improve the company’s financial performance.
5. How can a business advisor utilize financial planning and analysis software?
A business advisor can utilize financial planning and analysis software to help clients create realistic budgets, plan, assess, and monitor their operational activities. The software provides valuable insights into a company’s financial performance, allowing advisors to offer informed guidance and recommendations to improve the client’s business operations.
6. What role does investment analysis play in financial planning and analysis software?
Investment analysis plays a vital role in financial planning and analysis software, as it helps businesses identify profitable investment opportunities and manage their investments effectively. By analyzing potential investments, companies can make informed decisions that maximize their returns and minimize risks.
7. How do cooperative work skills contribute to the success of using financial planning and analysis software?
Cooperative work skills are essential when using financial planning and analysis software, as they enable team members to collaborate effectively, share insights, and work together to improve the company’s financial performance. This collaboration fosters better decision-making and allows businesses to adapt to changing market conditions more effectively.
8. How can asset management be improved using financial planning and analysis software?
Asset management can be improved using financial planning and analysis software by providing businesses with accurate data and insights on their assets’ performance. This information enables companies to make informed decisions about managing their assets, maintaining an optimal cash balance, and investing in the right opportunities to maximize returns and minimize risks.
