Financial analysis and reporting software is an essential tool for any small business. It gives you the ability to analyze your financials, keep up with reports, and gain insightful data about your company financially. But there are so many options out there, it’s hard to chose.
To help you find the right one for your business, we’ve compiled a list of our 10 financial analysis and reporting tools below.
Software #1: Zoho Books
Zoho Books is a significant financial analysis and reporting tool for small to mid-sized businesses.
It allows you to track expenses, create budgets, project cash flow, run income projections, collaborate with other users in your company over shared projects or documents, manage assets, and liabilities as well as inventory across all areas of your business including manufacturing. It also generates reports on the spot from multiple sources of data (including social media).
Software #2: TurnKey Lender
TurnKey Lender is a financial reporting and analysis software solution that enables lenders to deliver more timely, accurate, and relevant information for their decision-makers.
It provides access to the most recent data from both public and proprietary sources in one intuitive report with interactive features so you can drill down into your numbers quickly when necessary.
Software #3: CaptainBiz
CaptainBiz is a proprietary financial reporting and analysis software solution that enables businesses to track, analyze, understand, and report their business’s performance.
It provides a suite of tools for capturing data from across your organization, including invoices, payments, time worked by employees, as well as current balances in bank accounts or investments.
Software #4: Synoptix
Synoptics is a financial analysis and reporting software that includes a 100% cloud-based solution. It has powerful analytical tools like pivot tables, graphs, and charts to make your data more insightful.
It also offers a subscription-based pricing model, in which users can pay monthly or annually depending on their needs instead of purchasing an expensive license upfront.
Software #5: Sage Intacct
Sage Intacct is a cloud-based financial management and reporting software.
It helps manage your entire company by collecting and analysing data from all aspects of business like invoices, sales orders, expenses, etc.
Software #6: Adaptive Insights
Adaptive Insights is a fast, flexible, and robust financial analysis software.
It offers insightful data visualisation to explore your company’s performance from different perspectives like sales, expenses, or investments. It compiles the data showing trends over time with dynamic dashboards.
Software #7: Acumatica
Acumatica is an advanced enterprise resource planning software.
It offers a vast range of features that can be customized to suit the needs and requirements of your business, such as inventory management, marketing automation, time tracking, etc.
Software #8: Xero
Xero is a cloud accounting software. It offers full integration with third-party apps and services, advanced reporting tools to manage your business in real-time from anywhere, and world-class security features to ensure that data is safe on the go.
Software #9: Workiva
Workiva is a cloud-based software platform that lets you work on your data anywhere. It offers over 500 integration with leading financial, tax, and payroll providers to customize to suit the needs of any business size.
Software #10: Vyapar
Vyapar is powerful accounting software for small and medium-sized businesses.
It provides complete financial management, including a double-entry ledger, invoices, expenses, payments, and much more.
What Are the Benefits of Financial Analysis and Reporting Software?
Financial analysis and reporting software is primarily used to help you accurately track the performance of your business in terms of profitability.
The best financial analysis and reporting software for small businesses not only helps generate reports it also automatically analyzes trends over time so that you can make smarter decisions moving forward.
What Should I Look Out for When Choosing a Finance Management Tool?
You will want to find an option with all the features you need without costing too much money or being burdensome to use. You probably don’t need all of these tools at once, but keep this list handy if any new needs arise!
What's the Difference Between Financial Analysis and Reporting Software?
Financial Analysis Software is used for forecasting, budgeting, analyzing numbers within a company.
Financial Reporting Software provides reports on a business’s earnings needed to be filed with government agencies.
How Can I Choose Which Finance and Accounting Solution Suits My Needs Best?
You should consider your industry type (retail, manufacturing) and the size of the company you work at (more prominent companies need more sophisticated solutions).
Make sure you review different providers before deciding what kind of accounting software will suit your needs best.
What Is the Best Financial Analysis and Reporting Software for Small Businesses?
It will depend on the needs and size of your business. There are several different options on the market, so you should take some time to research each one before making any decisions.
There are various options for small business owners looking to get the most out of their finances. Some people prefer free or cheap software, while others might want offline solutions that can be used on their computer without an internet connection.
It’s essential to find what works best for you and your company to have as much information as possible when making decisions about where to spend money and how it will affect your bottom line. Whether you need budgeting help, cash flow analytics, invoicing software, or something else entirely – there’s an app solution here for you.