Buyer's Guide for Top Financial Management Software

Found our list of Financial Management Software helpful? We’re here to help you make the right choice and automate your business processes. Let’s discover some of the essential factors that you must consider to make a smarter decision!

Buyers Guide Content

  1. What is Financial Management System?
  2. Modules Of Financial Management System Software
  3. There are three main types of financial management solutions
  4. Common Features of  Financial Management Softwares

What is Financial Management System?

The financial management system is a software solution that every organization needs to oversee its expenses and income in order to maximize profits and maintain a sustainable income. It can also handle all the financial assets of an organization and personal. It further helps in coordinating income and expense statements along with maintaining accurate balance sheets.

Modules Of Financial Management System Software

Fixed Asset Management Solution: The fixed asset management module is used to manage all the asset management life cycles. The product life cycle includes maintenance, procurement, disposal and retirement.

Investment Management Solution: Investment management software module helps investors and law firms and all other financial institutions to manage shares. They can also analyze the data using what-if analysis technique.

Loan Management Solution: With the loan management software module, one can lend loans to micro, P2P (peer to peer lending) and retail businesses. Serving, underwriting and collection can be done with the loan management module as well.

Stock Market Solution: This module of a stock market solution is used for simulation of the stock market and the analysis of market fluctuation. One can also design an investment plan and stock trading based on market fluctuations.

Banking Solution: The banking software module is used in the banking industry to manage various financial products. It helps with functions ranging from general ledger to accounts receivable and accounts payable functions.

Insurance Management Solution: This Insurance management solution of the financial management system modules helps health insurance companies grow their businesses by automating operations using specialized processes for CRM and marketing.

There are three main types of financial management solutions

  • Personal Financial accounting

  • Managerial accounting
  • Business/Corporate finance

1. Personal Financial Accounting

This personal financial management software provides balance sheets, income statements and cash flow statements. These statements can be given to investors, creditors and tax authorities. These reports enable decision-makers to make the right business-related decisions.

2. Managerial Accounting

This system provides all kinds of information related to businesses and individuals. This information can be used for internal use and one can get data according to their own needs.

3. Corporate Finance

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

Common Features of  Financial Management Softwares

1. Automation of End-to-End Accounting Processes

Financial management solution applications can streamline all administrative processes like accounting (accounts receivable and account payable), payroll, cash flow systems and general ledgers.

2. Supporting Financial Processes

With a financial management software package, the companies can have the technology they need. Technologies like multiple currency support, conversions, and guidelines can be taken care with the help of this software. This application is used to coordinate with multiple departments in a better way. You can improve process execution and manage every financial task with the help of financial management software.

3. Forecasting and Planning

Using financial management software can increase the ability to predict the patterns and trends that would occur in the future. Patterns can be predicted in the field of revenue, income and expenses.  Money management system software can help analyze market conditions, which in turn helps in making strategic plans more accurately.

4. Cash Flow Management

Tracking cash flow is a necessary step as it helps monitor the way funds are actually spent. Financial management software can allocate budgets and consolidate other cash-flow related tasks. It provides real-time reports related to cash flow status and transactions

5. Advanced Reporting and Analysis

Create easy and accurate balance sheets with enterprise financial management software. Statements for profit and loss and budget allocations can also be generated with the help of this software. Now one can create custom reports according to their own needs to get an in-depth analysis of the financial status of a business.

Author: Kalpana Arya

Best Financial Management Software in 2022

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(Showing 1 - 20 of 47 products)

Dynamics 365 Business Central

By Microsoft

4.7 (4 reviews)

Starting Price


Inclusive of all taxes

Microsoft Dynamics 365 Central is a comprehensive business management platform. It brings different business operations... Read More About Dynamics 365 Business Central

Cogxim Vaanijaya

By Cogxim Technologies

4.5 (2 reviews)

Starting Price


Inclusive of all taxes

Cogxim Vaanijaya is a comprehensive financial management software that helps you in recording accounting transactions an... Read More About Cogxim Vaanijaya

Two Wheeler Finance's Management Software

By Elixir

4.8 (2 reviews)

Price On Request

Two-Wheeler Finance's Management Software is an economical IT solution for independent auto-dealers. It offers detaile... Read More About Two Wheeler Finance's Management Software

Nidhi Software

By QmarkSoft

4.7 (1 reviews)

Starting Price


Inclusive of all taxes

Nidhi Software is a financial management software for enterprises. Companies can organize all financial accounting-rela... Read More About Nidhi Software

Find the best examples of open source free financial management software for managing your personal and business cash/money. ADempiere money management Apache OFBiz cash management solution Compiere personal money management software GnuCash management system Front Accounting LedgerSMB OpenBravo PostBooks

Given below is the list of the best money management system software available in the market: CreditWorthy Qmarksoft Micro Finance Software Nidhi Software Cogxim Vaanijaya Smartbooks D365 Finance & Operations Gen Form Manager Software Arthayantra Personal Financial Bachat Gat Software Infor Enterprise Financial Management Pebblex BatchMaster Enterprise ERP for Finance Newgen Finance & Accounting iWeb Finance Management WebInfo Finance VIRMATI FMS Solution

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

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

Oracle Flexcube

By Oracle

Price On Request

Oracle FLEXCUBE is a banking solution which helps banks meet real-time, online operational requirements. It helps in mo... Read More About Oracle Flexcube

WebInfo Non Banking Financial System

By Evolve WebInfo

4.6 (3 reviews)

Starting Price


Inclusive of all taxes

Webinfo Non-Banking Financial system is a real estate software that follows a hierarchical system. The main purpose of t... Read More About WebInfo Non Banking Financial System

BeyondSquare FMS

By Beyond Square Solutions

4.2 (1 reviews)

Price On Request

BeyondSquare FMS is a flexible financial consolidation and reporting application. It provides financial managers the abi... Read More About BeyondSquare FMS

Monarch M-FAT (Monarch's Financial Accounting Tools)

By Monarch

4.2 (2 reviews)

Starting Price


Inclusive of all taxes

M-FAT is an integrated business accounting tool for all manufacturers and traders. An accounting software should make a... Read More About Monarch M-FAT (Monarch's Financial Accounting Tools)

Smart Books

By Antilia Solutions

Price On Request

ERP financial modules brings the visibility into financial transaction of a company. Thus that sector become transparent... Read More About Smart Books

D365 Finance & Operations

By Alle Technologies

Price On Request

D365 Finance & Operations, stands out as the most comprehensive, multiple language, multiple currency Enterprise Res... Read More About D365 Finance & Operations

Coderobotics Lender Browser Management Script

By Coderobotics Studio

Price On Request

Coderobotics Lender Browser Management Script is a complete Financial Management Software designed to serve Startups, SM... Read More About Coderobotics Lender Browser Management Script


By Findwise Business Solution

Price On Request

ACUPOMS is a one touch, one login information system accessible anytime, anywhere for every need of property operation m... Read More About Acupoms

Aarvi Finance Management System

By Aarvi Technology

Price On Request

Aarvi Finance Management System offers a wide variety of transaction management tools helping organizations provide loa... Read More About Aarvi Finance Management System

Prime Financial Accounting Software

By Prime

4.3 (2 reviews)

Price On Request

Prime Financial Accounting Software is a highly integrated solution for managing all your finance-related operations. I... Read More About Prime Financial Accounting Software

Bachat Gat Software


4.9 (6 reviews)

Price On Request

Bachat Gat Software is a financial management software developed local/rural self-help groups (SHGs) in India. This fi... Read More About Bachat Gat Software

HyperSoft Portfolio Management Software

By HyperSoftware

4.5 (2 reviews)

Price On Request

For easy management and real-time valuation of your trading and stock portfolios.Portfolios can include stocks, derivati... Read More About HyperSoft Portfolio Management Software


By Illustris

4.5 (2 reviews)

Price On Request

iTrade online trading includes a complete Trading System. You can organize all your finances in one central place, and g... Read More About iTrade



Price On Request

Finacle is a complete Financial Management Software designed to serve Startups, SMBs, SMEs and Agencies. This Financial... Read More About Finacle


By Impressive Star

4.6 (1 reviews)

Price On Request

CreditWorthy is one of the best billing software that keeps a comprehensive record of all your payments and other financ... Read More About CreditWorthy

Last Updated on : 01 Oct, 2022

Best Cloud Financial Software

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

Financial Management Software Comparison

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Financial Management Software Price List In India

Financial Management Software Cost
Best Financial Management Software Price Ratings
Dynamics 365 Business Central ₹4790 /Month 4.6
Cogxim Vaanijaya ₹14160 Lifetime 4.5
Nidhi Software ₹30090 Lifetime 4.6
WebInfo Non Banking Financial System ₹47200 4.6
Monarch M-FAT (Monarch's Financial Accounting Tools) ₹2950 /Lifetime 4.2

Financial Management Software Reviews


David Rice

review for Dynamics 365 Business Central


"Microsoft Dynamics 365 is the perfect tool for managing client relationships provides us with valuable insights."

See All Dynamics 365 Business Central Reviews


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

See All Two Wheeler Finance's Management Software Reviews


Preet Sharma

review for Nidhi Software


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

See All Nidhi Software Reviews


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

See All WebInfo Non Banking Financial System Reviews


Rohit Jaiswal

review for BeyondSquare FMS


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

See All BeyondSquare FMS Reviews

FAQs About Financial Management Software

Best financial management software is now available nearby you and in your city, find and get a free demo now. Mumbai Ahmedabad Bangalore Chennai Kolkata Delhi Pune Hyderabad Gurgaon Coimbatore Surat Patna Jaipur Trivandrum Thiruvananthapuram Lucknow Chandigarh Vadodara Bhopal Rajkot

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