Best Finance Management Software in India for 2025
Best finance management software are QuickBooks, Expensify, Xero, Fincent, and FinancialForce. Finance software solutions help individuals and businesses manage their finances efficiently including expense tracking, budget creation, and report generation, allowing users to have complete control over their financial situation.
What is Finance Software?
Finance software is a tool for modern businesses and individuals to track and store their financial information. It helps them to make better-informed financial decisions.
Finance management software improves business performance by streamlining invoices and bills, reducing redundancy, eliminating accounting errors, aiding with budget planning, and providing flexibility for change and growth.
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Most Popular Finance Management Software
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List of 20 Best Finance Management Software
#1 Cloud ERP for Fast-Growing Businesses
Product Description
NetSuite, the #1 cloud ERP, is an all-in-one cloud business management solution that helps more than 29,000 organizations operate more effectively by automating core processes and providing real-time visibility into operational and financial performance. Read More About Oracle NetSuite ERP
Oracle NetSuite ERP Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Workflow Automation
- Human Capital Management
- Professional Services Automation (psa)
- Procurement
- Revenue Management
- Order Management
- Supply Chain Management
- Global Business Management
- View all Features
Category Champions | 2025
One of the Bet Financial Management Solutions
Product Description
"Simple, easy-to-use financial software to help you manage your accounts online. You can download a 14-day free trial of Zoho Books. Zoho Books is easy-to-use software for small businesses to manage their finances and stay on top of their cash flow." Read More About Zoho Books
Zoho Books Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Credit Notes
- Project Accounting
- Sales Orders
- Bank Reconciliation
- Time Tracking
- Automated Workflows
- Vendor Management
- Client Portal
- View all Features
Zoho Books Features and Usability-Based User Satisfaction Score
Category Champions | 2025
Cloud accounting software for small businesses
Product Description
This bookkeeping software makes your accounting tasks easy, fast, and secure. Start sending invoices, tracking time, and capturing expenses in minutes. We uphold a longstanding tradition of providing extraordinary customer service and building a product that helps save you time because we know you went into business... Read More About FreshBooks
FreshBooks Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Payments
- Invoicing
- Double Entry Accounting
- Multi Currency Support
- Tax Management
- Client Management
- Reporting
- Team Collaboration
- View all Features
FreshBooks Features and Usability-Based User Satisfaction Score
Contenders | 2025
Product Description
Xero is award-winning, web-based accounting software for small business owners and their accountants. It is beautifully designed and easy-to-use online bookkeeping for expense management. Read More About Xero Accounting
Xero Accounting Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Bank Reconciliation
- Bill Payments
- Quotes And Estimates
- Customizable Dashboards
- Financial Reporting
- Budgeting
- Payroll Management
- Time Tracking
- View all Features
Xero Accounting Features and Usability-Based User Satisfaction Score
Category Champions | 2025
Best Finance Business Software
Product Description
Oracle NetSuite is the world's #1 cloud system hepls in finance management software, providing a single unified platform in the cloud to streamline all back-office processes, like accounting, CRM, and eCommerce. Read More About Oracle NetSuite ERP
Oracle NetSuite ERP Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Business Intelligence
- Project Management
- Customer Relationship Management (crm)
- Human Capital Management
- Fixed Assets Management
- E Commerce
- Order Management
- Supply Chain Management
- View all Features
Oracle NetSuite ERP Features and Usability-Based User Satisfaction Score
Category Champions | 2025
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Product Description
TallyPrime is India’s leading business management software for GST, accounting, inventory, banking, and payroll. TallyPrime is affordable and is one of the most popular business management software used by nearly 20 lakh businesses worldwide. Read More About TallyPrime
TallyPrime Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Manufacturing And Bom
- Tallyvault
- Cost Centre And Cost Category
- Remote Access
- Inventory Management
- Tds Management
- Multi Currency Support
- Multi User Access
- View all Features
TallyPrime Silver
$ 313
Full License for Single User
TallyPrime Silver Monthly Subscription
$ 10
Monthly License / Single User
TallyPrime Gold Monthly Subscription
$ 31
Full Monthly License for Multi-User (Easy Renewal)
TallyPrime Features and Usability-Based User Satisfaction Score
Software by Vena Solutions
Product Description
Vena is the current accounting software for budgeting, planning, and predicting with strong reporting and analytics. It offers functionalities such as database management, enterprise management, strong reporting, and modern analytics with Excel. Read More About Vena
Vena Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Customizable Templates
- Scenario Modeling
- Variance Analysis
- Workflow Management
- Data Integration
- Role Based Permissions
- Multi Currency Support
- Mobile Access
- View all Features
Category Champions | 2025
Making Modern Businesses GST friendly
Product Description
QuickBooks is an online accounting software for business owners to stay on top of their finances. Easy-to-use interface, 100% data security, and features such as online bank connect and WhatsApp integration help business owners focus on growing their business. Read More About QuickBooks Online
QuickBooks Online Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Inventory Management
- Mobile App
- Multi Currency Support
- Customizable Invoices
- Payroll Management
- Financial Reporting
- Sales Tax Calculation
- Budgeting
- View all Features
Simple Start
$ 30
Per Month
Essentials
$ 60
Per Month
Plus
$ 90
Per Month
QuickBooks Online Features and Usability-Based User Satisfaction Score
Software by Workday, Inc
Product Description
Workday Adaptive Planning is a comprehensive enterprise performance management software that empowers organizations to forecast, budget, and plan with confidence. Leveraging AI and machine learning, it offers agility, scalability, and deep insights for smarter decision-making and streamlined operations. Read More About Workday Adaptive Planning
Workday Adaptive Planning Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Mobile Access
- Sales Planning
- Predictive Analytics
- Audit Trail
- Reporting
- Budgeting
- Excel Integration
- Operational Planning
- View all Features
Software by Anaplan
Product Description
Anaplan is a dynamic platform that revolutionizes business planning by offering real-time data insights, scenario modeling, and seamless collaboration. It empowers companies to make informed decisions, drive growth, and enhance profitability with confidence and agility. Read More About Anaplan
Anaplan Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Reporting And Analytics
- What If Analysis
- Customizable Dashboards
- Regulatory Compliance
- Financial Consolidation
- Budgeting
- Multi Currency Support
- Scenario Analysis
- View all Features
One of the best online budgeting tools
Product Description
Quicken is simple budget software that helps you manage your money in the best possible manner. It can help you get access to more than 11,000 online billers with bill PDF downloads. You can get the latest features without any upgrading. You have the option... Read More About Quicken
Quicken Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Goal Setting
- Bank Synchronization
- Spending Trends
- Mobile App
- Investment Tracking
- Tax Reporting
- Data Backup
- Bill Reminders
- View all Features
The Cloud ERP
Product Description
Founded in 2008, Acumatica is a future-proof Cloud ERP solution for managing the complexities of distribution, such as purchasing, ordering, tracking inventory, filling orders, and delivering customer support. Read More About Acumatica
Acumatica Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Multi Currency Support
- Inventory Management
- Commerce Edition
- And Data Analysis Toolkit
- Payroll Management
- Order Management
- Reporting
- Mobile Framework
- View all Features
Contenders | 2025
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Best-in-class Cloud Accounting & Financial Managem
Product Description
Sage Intacct is a cloud-based financial statement solution designed for small and mid-sized businesses. This robust and innovative software automates critical finance and accounting processes, besides providing users with real-time financial insights. Read More About Sage Intacct
Sage Intacct Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Financial Reporting
- Audit Trail
- Sales And Use Tax
- Revenue Recognition
- Project Accounting
- Accounts Payable
- Accounts Receivable
- Budgeting And Planning
- View all Features
Sage Intacct Features and Usability-Based User Satisfaction Score
Contenders | 2025
Captain Biz is a sales and purchase invoice manage
Product Description
CaptainBiz is a simple-to-use software solution to manage your business hassle-free. Generate tax invoices, track inventory in real-time, manage customers & suppliers, and monitor cash & bank transactions, all in one place, over PC or mobile. Endorsed by the GST government of India as an... Read More About CaptainBiz
CaptainBiz Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- User Permissions
- Expense Tracking
- Tax Management
- E Way Bill Generation
- Automated Reminders
- Gst Invoicing
- Credit/debit Notes
- Customizable Templates
- View all Features
CaptainBiz Features and Usability-Based User Satisfaction Score
Software by GnuCash.org
Product Description
GnuCash simplifies your financial management, eliminating the stress of tracking expenses and budgets with its user-friendly interface and powerful features. Read More About GnuCash
GnuCash Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Reports And Graphs
- Customer And Vendor Tracking
- Mobile App Integration
- Multiple Currencies
- Budgeting
- Double Entry Accounting
- Scheduled Transactions
- Multi User Support
- View all Features
Software by The Infinite Kind
Product Description
Moneydance is one of the best budgeting software especially meant for Mac users. This simple budget software can automatically download transactions and send payments online, choosing from hundreds of financial organizations you have done business with. It has a number of features which include making... Read More About Moneydance
Moneydance Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Mobile App
- Online Banking
- Third Party Extensions
- Import/export Data
- Graphing And Charting
- Multi Currency Support
- Investment Tracking
- Scheduled Transactions
- View all Features
Starter
$ 50
Per Month
Take Control Of Your Financial Future
Product Description
Buxfer is a Budgeting and Forecasting platform to help users track their finances across 20,000+ different institutions, and plan for retirement, mortgage payoff, vacations, and more. Read More About Buxfer
Buxfer Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Integration With Banks
- Import Bank Statements
- Customizable Reports
- Expense Tracking
- Cash Flow Analysis
- Budgeting
- Recurring Transactions
- Mobile Access
- View all Features
Plus
$ 4
Per Month
Pro
$ 5
Per Month
Prime
$ 10
Per Month
Software by Personal Capital Corporation
Product Description
Personal Capital is a financial tool to maintain and analyze your investments and spot hidden fees, all in real-time view. It provides insights on investment plans and manages a personalized portfolio. Read More About Personal Capital
Personal Capital Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Expense Reports
- Transaction Categorization
- Dashboard
- Asset Allocation
- Retirement Planner
- Cash Flow Analysis
- Budgeting Tools
- Portfolio Performance
- View all Features
Software by PocketGuard
Product Description
Pocketguard is a personal finance management app that helps track spending, prepare a budget, and lower bills overall to make sure your finances are under control. It makes overall budgeting smarter. Read More About PocketGuard
PocketGuard Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Security
- Spending Insights
- Export Data
- Auto Categorization
- Custom Categories
- Debt Payoff Plan
- Customer Support
- Goal Setting
- View all Features
Software by CountAbout
Product Description
CountAbout is an all-in-one budgeting software that is Android and iOS compatible. It can import data from Quicken and Mint. It provides multi-factor login protection. It can automatically sync data from all your bank accounts, credit cards, and retirement accounts. It can prepare graphs for... Read More About CountAbout
CountAbout Is Tailored For
StartUps
SMBs
Mid-Market
Enterprises
Features
- Transaction Search
- Budgeting Tools
- Bill Tracking
- Recurring Transactions
- Custom Categories
- Custom Reports
- Import Transactions
- Multi Factor Authentication
- View all Features
Basic
$ 10
Per Year
Premium
$ 40
Per Year
Get Free Expert Advice
What are the Benefits of Finance Software?
-
Automate the Bill Payment Process
The world is digital, and businesses must keep pace with the current trends or be left behind. Nobody wants to wait for a sluggish and old-fashioned business–customers wish for efficient, fast, and reliable services, that financial software offers.
Gone are businesses and individuals relying on writing and mailing checks. Nowadays, bills can be paid online within minutes. Several financial software tools are available to pay bills online, making it efficient and fast–giving you time to do other things.
With financial software tools for bill payment, you can easily connect your accounts and make payments. Payments of all kinds can be easily made with such software–as credit card payments or utility bills. Payments can even be saved and completed later, and you can easily keep tabs on your expenses.
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Tracks Your Spending
Another aspect of financial software tools is that they make tracking your spending efficient and easy. For instance, details on bills paid with bill payment software are usually saved on the account history and can be accessed any day and at any time.
Since all of your bills are paid from one place, it is easy for you to keep tabs on the bills and the payments. Keeping track of your spending is key in business–it will prevent you from filing for bankruptcy or shutting down your business completely. This will help you to organize your expenditures better and know where your money is going at any point in time.
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Reduces Operating Cost
Companies spend a lot of money on expense reports. Studies show that 50% of companies process at least 500 expense reports per month, and up to 25% process up to 2500 reports. Moreover, since a company spends about $41.12 to manually process a statement, the cost of operation significantly increases due to the expense reports.
However, this cost can be minimized by making use of the software. With an automated expense reporting solution, the reporting process can be made efficient, seamless, fast, and simultaneously; the aforementioned costs can be minimized or eliminated.
Interestingly, with automated expense reporting software solutions, the cost of processing a report can be reduced to $7.17. This solution could help companies save money and improve their operations significantly.
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Ease and Efficient Budgeting
Most companies are investing in budgeting software tools due to their importance in keeping tabs on companies’ budgets and operations. Budgeting software tools are easy to use and manage and offer many benefits over manual budgeting.
With budgeting software, it is easy to have an overview of the company’s budget, and it is also easy to automate accounting tasks. Accounting software makes it easy for anyone to handle the accounting processes and makes the entire process a lot easier, making it easier for the business to make a profit.
Furthermore, budgeting software is often used for cost-cutting purposes. The software is a powerful tool for adjusting a company’s expenditures, categorizing expenditures, providing monthly projections, and therefore helping you know what to expect from your business.
-
Efficient Invoicing System
Invoicing is an integral part of a business. In traditional companies, employees are hired to take care of the invoices–however, in today’s world, all invoicing processes can be handled with software.
Electronic invoicing software tools can be used in managing and creating invoices. These software tools have the advantage of accuracy, speed, and precision–which will reduce mistakes in more ways than one.
Small businesses need such technologies to optimize their operations and keep tabs on their growth. It’s easy to track invoices and manage your operations on your phone, ensuring the business process is optimized and improved.
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Streamline Your Business
You can make your life easier and your business effective with several financial software. Some software tools can be used for invoicing, budgeting, automated bill payment, tracking spending, and reducing operating costs.
You want to stay on top of things as best you can for a successful business. Using software to help you will improve your business and keep you up to speed with your competition.
What are the Features of Finance Management Software?
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Complete Management of Accounting Procedures
Financial management software streamlines all the economic processes of the organization from start to finish. It includes the management of accounts receivable, accounts payable, payroll, cash flow, small and big purchases, and all other finance-related procedures.
-
Prediction of Future Trends And Relevant Planning
A financial management system allows business organizations to use their historical data to predict future trends and patterns in expenses, income, and revenues. It also lets businesses understand market conditions, allowing them to plan accurately for the future.
-
Worldwide Financial Support
Financial management software provides businesses the tools and technologies to coordinate activities among multiple departments and manage their financial tasks worldwide. The support for languages and various currencies, along with their conversion, laws, and guidelines specific to each country, are the things that are well supported by financial management software.
-
User friendly
If a software solution is not user-friendly and is difficult to understand, the user will feel discouraged as it will be a time-consuming and complicated task for him. Since every individual does not necessarily have the technical knowledge, the interface of finance management software must be user-friendly. For this reason, being user-friendly is probably one of the most important features of any software.
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Automatic update
A good business financial management system should automatically update itself. This helps the client take advantage of all the new features added to the software from time to time. A client would like to invest in software that saves his time and is completely automatic and not one that needs to be updated occasionally. If the software is not automatically updated, it will also affect the reports and records.
-
Scalable
A business is meant to grow. So a small company today can grow to be bigger tomorrow and later. Good software grows with the growing needs of a business. It is not just expensive but also an unwise decision to change the software with the growing needs of a business. So it is important that the financial software used by the business updates and upgrades itself with the company's growing size.
-
Security
Financial management software means one that has all the financial data of a business; nothing is more important than keeping that data safe and secure. One of the basic features to look for in any finance software is the level of safety it offers. Make it a priority while choosing one for your organization.
What are the Challenges Faced in Finance Software?
Issues with offline and/or online finance management tools have been mostly generational, so when it comes to the challenges faced by finance software, they are mostly related to this generation being digital.
Here are some of the major issues with Finance Software:
-
Cybercrime
With the rise in the use of technology, there have also been augmented cases of cybercrimes. According to statistics, data breaches involving finances have increased manifold within a year. If we want to keep financial data secure, our online financial management tool must be secure and reliable enough.
-
Use of big data
An immense quantity of unstructured data goes into the usage of financial software. While the mammoth amount of data is an asset, it also becomes an obstacle in different ways. Finding useful information from such enormously sized unstructured data is no child’s play. Thanks to the data analytics solutions, things are looking better.
-
Reluctance to use modern technology
It might sound surprising, but the facts prove that a very thin percentage of financial companies prefer to use modern methods such as cloud-based technology. A large portion of people prefer to use the traditional form of banking and are reluctant to use technologies and software.
-
Changing Regulatory Compliance
Regulatory compliance in the finance industry changes constantly, which also becomes challenging for finance software. However, several companies are emerging with solutions to resolve compliance issues and help the finance industry.
What Type of a Buyer Are You?
There are three types of buyers. The first category consists of small business buyers; others are best-of-breed and enterprise buyers. The financial requirements of all these buyers are quite different from each other. Small business buyers would look for other things than the two other types of buyers. Therefore, when looking for open-source software, consider your business needs and search for the one that best suits your needs. When you purchase software in line with the requirements and size of your business, it will enhance your business's efficiency and performance.
Finance is undoubtedly the lifeline of any business. It is a crucial part of any business and must be handled and managed carefully. Failing to manage your finances can make you face losses and troubles.
Hence, it makes sense to take good care of your finances to keep a finger on the heart of your business. When everything is managed and well taken care of, chances are that it will take your business to the pinnacles of success. The open-source finance management software can greatly help you manage your finances so that you can concentrate on other core areas of work.
Software Related to Finance Management Software
Finance Software can be broadly classified into two categories: finance management system or money management software and Tax management software.
While top financial management software helps in managing investments, planning, banking, and income flow, free income tax management software aids in the preparation of tax forms and e-filing of taxes. Here is the list of software and services related to finance management software
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Accounting Software
Accounting software takes care of an organization's financial transactions and automates them. The different elements of accounting software are general ledger, billing, accounts payable, accounts receivable, and payroll.
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Budgeting Software
Budgeting software helps an organization balance its financial resources and expenditures. All the operations are related to budget management and distribution.
-
Financial Risk Management Software
Financial Risk Management Software examines and evaluates credit and market risk intended for financial institutions.
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Billing and invoicing software
Billing and invoicing software automates generating invoices and sending them to customers. It also automates receiving payments. This category is also counted as the best personal financial software category because most individuals need this functionality only.
-
Financial Reporting Software
As the name suggests, financial reporting software automates reporting of an organization's financial results, transactions, and financial status.
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Fund Accounting Software
Fund accounting software is used by non-profit organizations, government agencies, private foundations, private bankers, alternative asset managers, etc. It helps in the automation of accounting functions and the management of portfolios.
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Revenue Management Software
The basic functioning of revenue management software involves optimizing prices based on different factors, such as offers by competitive businesses, demand, and seasonality. This optimization of prices helps the firms to attract more customers and, thus, generates more revenues.
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Financial Services Software
Financial services software is used to take care of the everyday operations of organizations that offer financial services to the general public or other businesses. These include banks, credit unions, or other similar organizations.