8.2
Editor’s Rating:
Best Overall
Sage Intacct: Purchasing
Sage Intacct
  • Robust Invoicing
  • Efficient Reporting
  • Simple Cloud Access
8.3
Editor’s Rating:
Strong Reporting Capabilities
NetSuite: Home Screen
NetSuite
  • Custom invoices
  • Advanced reporting
  • Complete ERP features if needed
8.3
Editor’s Rating:
Integrated Product Ecosystem
Dynamics 365 Business Central: General Leger Entries
Dynamics 365 Business Central
  • User-friendly interface
  • Robust reporting
  • Integrations with Microsoft applications

In our independent review of the top financial management systems, we ranked the best products based on cost-effectiveness, scalability, and key features like budgeting, forecasting, invoicing, and billing.

1 Sage Intacct - Best Overall

Why we chose it: Sage Intacct is our best overall pick due to its user-friendly interface and customizable templates. Users quickly create and send invoices to customers. The platform also offers automated reminders and tracks invoices and payments in real-time.

Another key benefit of Sage Intacct is its reporting capabilities. With over 150 pre-built reports and dashboards, you can quickly get insights into your expenses, revenue, and profitability. Users can easily customize reports using the intuitive drag-and-drop report builder.

Best Overall:
Sage Intacct

Sage Intacct: Purchasing
Sage Intacct: Entities
Sage Intacct: Order Entry
Sage Intacct: Resource Search
Sage Intacct: Report Center
Sage Intacct: Financial Report Editor
Sage Intacct: Dashboard
What We Like
Robust Invoicing
Efficient Reporting
Simple Cloud Access
What We Don’t Like
Budgeting and interactive reporting cost extra
Limited non-financial functionalities
Volume exports can be difficult
Overview
Price Range: $$$
Starting Price: $8,580/year
Client OS: Web
Deployment: Cloud Hosted

2 NetSuite - Strong Reporting Capabilities

Why we chose it: We picked NetSuite because its reporting module offers a range of pre-built financial reports. These include accounts receivable, accounts payable, and inventory. Users can also create custom reports that are tailored to their specific business needs.

NetSuite reporting module includes advanced financial analysis tools. Users can analyze budgeting and forecasting, trend analysis, and multi-currency reporting. NetSuite goes beyond pre-built reports by offering a highly customizable report builder. Users can create custom reports tailored to their specific business needs.

Strong Reporting Capabilities:
NetSuite

NetSuite: Home Screen
NetSuite: Income Statement
NetSuite: Journal
NetSuite: Unrealized Exchange Rate Gains and Losses
NetSuite: Ecommerce Customer Statistics
NetSuite: Sales Orders
NetSuite: Revenue Recognition
What We Like
Custom invoices
Advanced reporting
Complete ERP
What We Don’t Like
Must schedule a consult for pricing details
Tedious setup
Difficult to build reports
Overview
Price Range: $$$$
Starting Price: $99/user/month
Client OS: Web
Deployment: Cloud Hosted

3 Business Central - Integrated Product Ecosystem

Why we chose it: Dynamics 365 Business Central made it into our top picks because it integrates seamlessly with other Microsoft applications like Office 365, Power BI, and Azure. Business Central provides a user-friendly and familiar interface, especially for users already accustomed to Microsoft products like Outlook, Word, or Excel. This familiarity can lead to a shorter learning curve for users and faster adoption of the ERP system.

As part of the Microsoft ecosystem, Business Central offers an end-to-end solution for businesses, covering finance, sales, customer service, and more. This can streamline operations by providing a unified platform for various business functions.

Integrated Product Ecosystem:
Dynamics 365 Business Central

Dynamics 365 Business Central: General Leger Entries
Dynamics 365 Business Central: Dashboard
Dynamics 365 Business Central: Customer Management
What We Like
User-friendly interface
Robust reporting
Integrations with Microsoft applications
What We Don’t Like
Not ideal for complex manufacturing needs
May require extensive training
No free version
Overview
Price Range: $$$
Starting Price: $70/user/month
Client OS: Web
Deployment: Cloud or On-Premises

4 Acumatica - Versatile Scalability

Why we chose it: Acumatica secures its position as a top choice thanks to its versatility and ability to scale, making it a suitable solution for businesses of varying sizes. It has customizable workflows, empowering users to tailor processes to align with their unique business needs. This adaptability ensures that businesses can maintain efficiency and evolve with ease.

The platform also delivers real-time financial insights, enabling informed decision-making and real-time monitoring of financial health. For organizations with multiple entities or subsidiaries, Acumatica offers robust multi-entity management within a unified system.

Versatile Scalability:
Acumatica Cloud ERP

Acumatica Cloud ERP: Data Analysis Receivables
Acumatica Cloud ERP: Support Manager Dashboard
Acumatica Cloud ERP: Project Dashboard
Acumatica Cloud ERP: Staff Appointments on Map
Acumatica Cloud ERP: Field Services Tech Dashboard
Acumatica Cloud ERP: Production Manager Dashboard
Acumatica Cloud ERP: Warehouse Manager Mobile Dashboard
Acumatica Cloud ERP: Controller Dashboard
What We Like
Open architecture for rapid integrations
Multi-entity support
Mobile accessibility
What We Don’t Like
Must schedule a consult for pricing calls
High learning curve
Tedious setup
Overview
Price Range: $$$$
Starting Price: $1,800/month
Client OS: iOS, Android, Web
Deployment: Cloud or On-Premises

5 AccountingSuite - Strong Inventory Control

Why we chose it: We went with AccountingSuite because it’s a great fit for companies with substantial inventory management needs. A key feature of AccountingSuite is its precise inventory tracking functionality, which allows businesses to meticulously monitor stock levels, optimize supply chain operations, and avoid the pitfalls of overstocking or understocking.

The software seamlessly integrates with popular eCommerce platforms, ensuring synchronization of online and offline sales data. Additionally, for businesses with multiple warehouses or locations, AccountingSuite offers comprehensive multi-location support.

Strong Inventory Control:
AccountingSuite

AccountingSuite: Home Page
AccountingSuite: Create Quote
AccountingSuite: Create Purchase Order
What We Like
Includes inventory management and time tracking
No costs beyond subscription fee
Use multiple modules at once via tabs
What We Don’t Like
Crowded user interface
No mobile app
Less efficient with high volume of transactions
Overview
Price Range: $$
Starting Price: $19/unlimited/month
Client OS: Web
Deployment: Cloud Hosted

6 Accounting Seed - Best for Project Accounting

Why we chose it: Accounting Seed delivers project accounting, making it ideal for service-based industries or those with complex project management requirements. Its support for multiple currencies caters to international businesses dealing with diverse currency transactions.

Accounting Seed’s native integration with Salesforce makes it a good fit for companies relying on the platform for customer relationship management. This integration enhances efficiency by eliminating data silos and providing a holistic view of customer interactions and financial transactions.

Best for Project Accounting:
Accounting Seed

Accounting Seed: Billing Customers
Accounting Seed: Paying Vendors
Accounting Seed: General Ledger
Accounting Seed: Dashboards
Accounting Seed: Inventory
Accounting Seed: Project Accounting
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$250/month
Client OS
Web
Deployment
Cloud Hosted

Multiview - Extensive Audit Trail Capabilities

Why we chose it: Multiview has strong compliance features and comprehensive audit trail capabilities. These include Sarbanes-Oxley (SOX) compliance, ensuring that financial data adheres to regulatory requirements.

The platform also provides detailed audit trails, tracking every financial transaction, change, or access. Multiview also excels in vendor and expense management, simplifying the tracking and management of expenses, invoices, and payments.

Extensive Audit Trail Capabilities:
Multiview

Multiview: Supply Expenses
Multiview: Report Viewer
Multiview: Purchase Orders and Invoices
Multiview: Payroll Analysis
Multiview: Expense Reports
Multiview: Customers by State
What We Like
ViewPoint tool offers strong reporting and analytics
Scalable, user-based pricing model
Includes 18 fully integrated modules for different industries
Overview
Price Range: $$$$
Client OS: Windows
Deployment: Cloud or On-Premises

What are Financial Management Systems?

Financial management systems help businesses track income and expenses and plan for growth. Commonly referred to as a subset of accounting software, these management systems go beyond simple bookkeeping to help businesses make better spending decisions, create accurate financial reports, and manage assets through advanced automation. These systems also have some human resources management, inventory control, and billing and invoicing functionality.

Financial management solutions are often an important part of a complete enterprise resource planning (ERP) system. Larger businesses benefit from ERP integrations which streamline business functions all from one shared system. Financial management software helps you create a system to find the data you need without switching between different workflows.

Key Features of Financial Management Systems

Feature Description
Financial Accounting Revenue, profitability, and expense tracking. Main modules include general ledger, accounts payable (AP), and accounts receivable (AR).
Billing and Invoicing Create and send invoices and bills for products and services rendered. Track outstanding and paid invoices.
Financial Reporting Create financial statements for internal or external use.
Human Resources Manage payroll, employee benefits, certification and licensing tracking, and applicant tracking.
Fixed Asset Management Track the value of depreciating fixed assets in real-time.
Inventory Control Track on-hand inventory assets and the costs associated with them.
Cash Management Forecast internal cash flows at your company, even when dealing with multiple currencies.
FlexiFinancials Software Statement
Create custom income statements in FlexiFinancials to show financial data including revenue, net earnings, and expenses.

Advanced Features

Feature Description
Budgeting and Forecasting Create financial plans using historical data and estimates of future market conditions.
Bank Reconciliation Import real-time records on bank accounts and check if bank and accounting records match.
Business Intelligence (BI) Tools Compile advanced reports on financials, operations, business performance, personnel, and more. Report on historical data or perform predictive analysis.
Fund Accounting Manage income and distribution of grants, state aid, scholarships, and work-study programs. Primarily used by government agencies, nonprofits, and educational institutions requiring strict compliance standards.
Vivid Reports Forecast
Generate an income statement forecast in Vivid Reports.

Benefits of Financial Management Systems

Financial software helps businesses manage important information related to all financial processes, which leads to a lot of benefits:

Automate Processes

The system records real-time income and sales data. Outstanding balances are also tracked within the system. Automatic payment reminders can be sent for upcoming and overdue payments. The software also assists with creating invoices to be sent out after services are rendered.

Financial management systems also keep track of the money you owe to your vendors. Want to streamline payments? The system can automatically send recurring payments as needed to avoid accruing late fees.

Microsoft Dynamics 365 General Ledger
The general ledger in Microsoft Dynamics 365 Business Central provides a way to review your accounts in real-time.

Streamline Reporting and Analytics

Reporting and analytics functionality in financial software gives you a deeper look into your company’s overall financial operations. A comprehensive system allows you to break down sales by date range, best selling products and services, top performing sales reps, and more. This gives your finance teams the ability to clearly analyze sales data and make better business decisions based on historical trends.

Financial management systems also help businesses with reporting requirements laid out by the generally accepted accounting principles (GAAP). Compliant financial statements you can run include income statements, cash flow statements, and balance sheets.

Dashboards in FinancialForce
Dashboards in FinancialForce provide information on open orders, shipments, quotes, and more.

EPM, CRM, and ERP Software

Financial management functionality is included in most ERP systems, as these solutions manage a variety of business processes within an organization. These systems link back-office operations with customer-facing functionality to keep businesses fully connected. Examples of ERP software with strong financial systems include Oracle ERP, Sage Intacct, and SAP Business One.

Along with ERP integration, financial management systems work best with enterprise performance management software and customer relationship management software. Better known as EPM or corporate performance management (CPM), these solutions monitor key performance indicators (KPI) related to your business, including financials. CRM solutions allow your company to build better customer relationships and accurately prepare invoices for any financial transactions.

Financial Systems by Industry

Industry-specific ERP options are available for managing financials unique to your industry. For example, international eCommerce shops will need the ability to facilitate transactions in multiple currencies and will need a single platform capable of making those exchanges. Some other examples include:

Industry Financial Functionality Description
Construction and Service-Based Job Costing Assign costs to labor, equipment, and materials needed for a job.
Wholesale and Distribution Order Management Record sales, track order status, create invoices, and manage backorders.
Process Manufacturers Recipe Management Manage the price and type of ingredients in a recipe, as well as batch scaling and substitute info.
Spectrum Software Financial Report
Detailed reports in Spectrum can show cost activity for a specific job.

Financial Management System Pricing

Financial management software is priced based on a few specific variables, which include:

  • Number of users
  • Size of organization
  • Functionality needed
  • Number of languages and/or currencies needed

Most SaaS plans are available starting at $9 per month and reaching up to $180 per user per month. There are a few free, open source financial management systems available, though these solutions generally have limited functionality as they are geared more towards personal finance or startups and small businesses.

Intuit QuickBooks Online
Build a comprehensive chart of accounts with QuickBooks Online.

All Products

No products found
Sage Intacct Screenshot

Sage Intacct

★★★★★
★★★★★
(46)
Sage Intacct is a browser-based, GAAP-compliant financial management software system. It features multi-entity financial reporting, customizable reports, and a user-friendly interface. The AICPA has endorsed the platform as a “preferred provider of financial management application.”
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$8,580/year
Client OS
Web
Deployment
Cloud Hosted
NetSuite ERP Screenshot

NetSuite ERP

★★★★★
★★★★★
(25)
Oracle’s NetSuite is well-known in the ERP world for its customization and scalability. It’s a multi-tenant ERP software supporting finance, operations, sales, service, and HR needs.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$99/user/month
Client OS
Web
Deployment
Cloud Hosted
Dynamics 365 Business Central Screenshot

Dynamics 365 Business Central

★★★★★
★★★★★
(10)
Microsoft Dynamics 365 Business Central provides finance, human resources, operations, marketing, sales, and more functionalities. It is a part of Microsoft’s suite of enterprise applications and integrates seamlessly with services like Office 365, Power BI, and Azure.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$70/user/month
Client OS
Web
Deployment
Cloud or On-Premises
Acumatica Cloud ERP Screenshot

Acumatica Cloud ERP

★★★★★
★★★★★
(22)
Acumatica is a renowned platform in the ERP world. It offers accounting, distribution management, CRM, manufacturing, and more modules. Acumatica supports unlimited users, with pricing based on the resources and modules your company uses.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$1,800/month
Client OS
iOS, Android, Web
Deployment
Cloud or On-Premises
AccountingSuite Screenshot

AccountingSuite

★★★★★
★★★★★
(11)
AccountingSuite is a competitively-priced accounting software offering advanced functionalities beyond financial management. It provides banking integration, budgeting, financial reporting, and accounts receivables and payables.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$19/unlimited/month
Client OS
Web
Deployment
Cloud Hosted
Accounting Seed Screenshot

Accounting Seed

★★★★★
★★★★★
(3)
Accounting Seed, a full accrual accounting app on Salesforce, offers real-time financial tracking throughout the business lifecycle, from marketing to financial statement production.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$250/month
Client OS
Web
Deployment
Cloud Hosted
Multiview Screenshot

Multiview

★★★★★
★★★★★
(3)
For organizations seeking a solution that easily conforms to their existing operations, Multiview offers a flexible, integrated suite of financial solutions. With Multiview , companies gain superior visibility over corporate data, creating a more effective and efficient organization while still controlling costs; Multiview is one of the most robust yet affordable solutions in the market. The highly scalable, sophisticated solution includes 18 fully integrated modules that can be deployed in a
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Windows
Deployment
Cloud or On-Premises
Oracle ERP Cloud Screenshot

Oracle ERP Cloud

★★★★★
★★★★★
(4)
Oracle ERP Cloud is a cloud-based, comprehensive ERP suite offering advanced capabilities like AI automation, real-time analytics, and regular updates. It covers various business functions including financial, project, and supply chain management. This software is designed for businesses looking to streamline operations, enhance efficiency, and reduce IT costs.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$175/user/month
Client OS
Web
Deployment
Cloud Hosted
FinancialForce Screenshot

FinancialForce

★★★★★
★★★★★
(1)
Formerly FinancialForce, Certinia offers a comprehensive Services-as-a-Business platform that integrates and powers various aspects of service operations, including estimation, delivery, customer success management, financial planning, and accounting. It’s built on the Salesforce platform, providing a user-friendly interface and seamless integration with Salesforce tools. Key features include professional services automation to improve project profitability, resource management for optimizing staff deployment, and innovative billing solutions for various pricing models. Additionally, Certinia’s ERP system enhances overall business efficiency, helping companies manage their global operations more effectively and adapt to new business models with ease.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$175/user/month
Client OS
Web
Deployment
Cloud Hosted
Workday Screenshot

Workday

★★★★★
★★★★★
(4)
Workday is a web-based enterprise software that offers financial and human capital management solutions for various industries. The platform boasts unified finance and HR functionalities, bringing real-time insights and auditable process management via a modern SaaS model. Workday stands out for its integrations with over 600 third-party tools, in-depth people analytics, and AI-driven employee engagement and skills management. It features the Workday Peakon Employee Voice, an AI-based tool for employee engagement, and the Workday Skills Cloud for AI-based hiring and employee development. Its mobile apps are highly rated for user-friendliness and accessibility, though the Android version has received complaints about bugs.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$45/employee/month
Client OS
Web
Deployment
Cloud Hosted
SAP Business One Screenshot

SAP Business One

★★★★★
★★★★★
(11)
SAP Business One provides comprehensive business management capabilities for small and medium-sized companies. This system provides integrated departmental support for finance, sales, supply chain management, production, project management, and production processes. This software can be deployed on-premise or on the cloud, and accessed from any mobile device through iOS and Android apps. The SAP API Business Hub allows for a wide range of partner integrations.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$410/user/year
Client OS
Windows
Deployment
Cloud or On-Premises
CYMA Financial Management System Screenshot

CYMA Financial Management System

★★★★★
★★★★★
(2)
CYMA Financial Management System (FMS) represents the most sophisticated accounting software on the market today for growing mid-sized businesses. CYMA FMS provides accounting functionality powerful enough for the most demanding user and straightforward for new users. With multi-user capability and a wide array of modules, CYMA FMS accounting software is designed to expand as companies grow. CYMA supports unlimited companies, unlimited user defined custom fields and features a flexible,
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Windows
FMS Screenshot

FMS

★★★★★
★★★★★
(1)
MH&Co.’s ERP solution for government offers a broad range of software including Financials, Community Development, and Vehicle for Hire applications. The Financial Software audience ranges from state and local government, to insurance companies, to mid-sized private sector firms and non-for profits. FMS offers the following modules: General Ledger: Provides unsurpassed flexibility and power. Enables clients to gain maximum control over your accounting operations.; Accounts Payable: Delivers the
Client OS
Windows
Epicor Financial Management Screenshot

Epicor Financial Management

Delivering manufacturers the tools necessary to monitor financial data and improve decision making. Epicor financial management software is designed to automate and streamline your financial processes and create value through timely financial monitoring. Key features: Accounts receivable, lockbox, credit and collections management.; Accounts payable, electronic funds transfer, automated order matching.; General ledger, allocations, consolidations and eliminations.; Cash management, bank
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Windows, macOS
Deployment
Cloud or On-Premises
UNIT4 Coda Financials Screenshot

UNIT4 Coda Financials

★★★★★
★★★★★
(2)
Unit4 Financial Management Software is an accounting and financial management system designed for efficiency and flexibility. It stands out for its element structure, allowing deep analysis and reporting, and features an app for easy expense tracking and uploading. The software’s upgrade to web functionality and customer-oriented improvements are notable.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Windows, Web
Deployment
Cloud Hosted
Deltek Vantagepoint Screenshot

Deltek Vantagepoint

★★★★★
★★★★★
(2)
Deltek Vantagepoint keeps professional service firms on top of problems that can derail your success and facilitates better decision-making by delivering mission critical information to your desktop at the click of a mouse. Visualization, Dashboards and award-winning reports are a few of the many ways that Deltek Vantagepoint provides the information you need to effectively and efficiently manage your business. ::: alert blue This product has replaced Deltek Vision. Deltek Vision will continue
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Windows, Web
Deployment
Cloud or On-Premises
IDU-Concept Screenshot

IDU-Concept

★★★★★
★★★★★
(3)
IDU-Concept is a web-oriented platform that provides individually licensable modules. These include financial budgeting and modeling, sales planning, asset oversight, consolidations, revenue fee structures, and training.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$50/user/month
Client OS
Web
Deployment
Cloud or On-Premises
Xero Screenshot

Xero

★★★★★
★★★★★
(3)
A contender against QuickBooks Online, Xero is a popular solution for its user-friendly interface, affordability, and unlimited users per subscription. It’s a cloud-based, double-entry accounting software that offers bank reconciliation, financial reporting, and basic invoicing and billing.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$13/month
Client OS
Web
Deployment
Cloud Hosted
Kissflow Screenshot

Kissflow

★★★★★
★★★★★
(3)
Kissflow is a digital workplace platform that helps track all work at your business, including HR, procurement, finance and operations, and more. Capabilities of these cloud products include process management, case management, collaboration on projects, analytics, and integrations with other business management software . @youtube Automated Business Apps; Custom Form Builder; Define Workflows; Set User Permissions; Progress Monitoring; and Advanced Reporting. The Standard Edition of Kissflow
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Starting Price
$9/user/month
Client OS
iOS, Android, Web
Deployment
Cloud Hosted
Kepion Screenshot

Kepion

★★★★★
★★★★★
(2)
Kepion is a corporate performance management software for budgeting, planning, and forecasting. Its key features include customizable planning environments, integrated business planning, and seamless data integration tools. Its reliance on Microsoft technologies makes it a compatible choice for businesses already using Microsoft products. Kepion’s customizable nature allows it to cater to various business scenarios and requirements.
Price Range
   $     $     $     $     $   
   $     $     $     $     $   
Client OS
Windows, Web
Deployment
Cloud Hosted

We searched and searched, but we couldn’t find any products in our database that match your criteria. Perhaps our team of software experts can help? They’d be happy to provide a list of free recommendations that meet your exact requirements.

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