Financial Management software

Updated: July 30, 2023

Financial Management software is a comprehensive solution that assists businesses in efficiently managing their financial operations and resources. These specialized platforms offer a wide range of features, including accounting, budgeting, invoicing, expense tracking, and financial reporting. Financial Management software helps businesses maintain accurate and up-to-date financial records, ensuring compliance with accounting standards and regulations. With real-time financial data and insights, businesses can make informed financial decisions and monitor their financial performance effectively. Many platforms also integrate with banks and financial institutions, facilitating seamless transactions and bank reconciliations. Financial Management software empowers businesses to gain better control over their finances, optimize cash flow, and improve overall financial health. By leveraging these platforms, organizations can enhance financial transparency, reduce manual efforts, and achieve better financial stability and success.

See also: Top 10 Online Accounting software

2023. Jirav, a startup developing financial planning software for businesses, raises $20M



Jirav, a comprehensive solution for forecasting, budgeting, reporting, and dashboarding, has secured a funding of $20 million. Jirav provides a wide range of prebuilt FP&A solutions tailored to specific industries. These solutions include financial models, KPIs, reports, and dashboards. Jirav offers a variety of tools designed for financial planning purposes, such as forecasting profit and loss and cash flow models. By integrating their accounting, workforce, and operational data into the platform, companies can generate budgets and scenario plans to analyze business changes. Cube is a competitor of Jirav, offering tools to assist finance teams in planning their financial future. Additionally, there are other players in the market, including Firmbase, a startup that offers a modern financial planning and analysis platform for startups; Vereto, which aims to redefine financial planning workflows for large organizations; and Mosaic, a startup building a platform to centralize operational data from various parts of an organization.


2023. Firmbase raises $12M to modernize financial planning for startups



Firmbase, a fledgling company that provides a contemporary platform for financial planning and analysis tailored to startups, has successfully secured a seed funding round of $12 million. While financial planning may not be the primary concern when it comes to startups, the technology industry's recent emphasis on financial prudence has elevated the significance of creating budgets, conducting financial projections, and analyzing business data. Firmbase seamlessly integrates with numerous established financial and HR tools, such as ADP, NetSuite, Rippling, Salesforce, Workday, and Excel, ensuring comprehensive functionality. Moreover, Firmbase has begun incorporating machine learning capabilities into its product, further enhancing its offerings.


2022. Nilus gets $8.5M to help companies automate their financial operations



Nilus, a startup dedicated to simplifying financial operations through a no-code platform, has secured $8.5 million in funding. Nilus offers a convenient "plug and play" solution for finance teams handling substantial payment volumes. The platform's primary objective is to enable these teams to gain insights into the underlying data associated with payment activities, ensuring they have a real-time cash view and are equipped to manage risks and maintain audit readiness. With its pre-built data connectors and advanced algorithms, Nilus empowers finance teams to analyze data and automate reconciliation, reporting, and payment workflows effectively. By leveraging Nilus, businesses can streamline their financial operations and enhance overall efficiency.


2021. Nigeria’s Kippa gets $3.2M pre-seed for its small business finance management app



Nigerian startup Kippa has secured $3.2 million in pre-seed funding to enhance the life cycle of small businesses through its finance management app. Kippa's app provides a straightforward solution for small business owners, allowing them to monitor their daily income and expenses, generate invoices and receipts, oversee inventory, and gain insights into the overall performance of their businesses. Notably, one of the app's key functionalities, as highlighted by the company, is its ability to assist merchants in tracking debtors and sending automated reminders. According to Kippa, utilizing the app in this manner leads to a threefold acceleration in debt recovery.


2021. Cube raises $10M more to help companies plan their financial future



Cube, a startup specializing in developing financial planning and analysis software tailored for the mid-market, has announced the successful completion of a $10 million Series A funding round. Cube aims to create FP&A software that not only enhances the user experience but also allows companies to continue utilizing spreadsheets. The software seamlessly integrates data from a company's general ledger (accounting software), CRM (such as Zoho CRM), and payroll service into a centralized platform. This empowers CFOs and their teams to review historical data and strategize for the future using various visualization methods, including the trusted spreadsheet format.


2021. AccountsIQ scores €5.8M for its financial management software for SMEs



AccountsIQ, a financial management software startup based in Dublin, has successfully raised €5.8 million in funding. The company's cloud-based Financial Management System (FMS) aims to simplify the process of capturing, processing, and reporting financial results for multi-entity businesses. AccountsIQ's solution is designed to cater to businesses that operate across various locations, currencies, and jurisdictions, including those expanding through subsidiaries, branches, SPVs, or a franchise model. The company seeks to address a market gap between entry-level products like Xero, QuickBooks, and Sage, and high-end, more expensive options such as NetSuite, Intacct, and SAP.