Best Portfolio Management Software

Best names on the list of the most popular portfolio management software are MProfit, iRecord, and MEAU. Portfolio management tools are used to centralize the functions of the entire project across the entire work.

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List of 20 Best Portfolio Management Software

Showing 1 - 20 of 54 products

Software by Todoist

Todoist is highly-customizable project management software. It helps you automate sales pipeline, track budget, manage your resources, keep a track on the progress of the project and so on. This software automates workflow helping you work better. Read Todoist Reviews

Category Champions | 2023

Mprofit is one of the best portfolio management  software for investors, traders, advisiors, corporates, family offices and CAs to manage your stocks, MFs & other assets. Read MProfit Reviews

Most Reviewed

Solidify Customer Relationships with InsureCRM

InsureCRM is an agile CRM software for insurance industry that caters to the specific needs of insurers, brokers, and customers alike. It is an excellent tool for maintaining customer-centricity. Schedule a free consultation to know how you can derive its benefits. Read InsureCRM Reviews

360° Solution For Distributed Enterprises

Ecogreen is retail business chain management software. This system takes care of all the operations of Retail chains such as a Sales, Purchase, Order processing, Sales returns, Purchase Returns, Stock transfers. Read Ecogreen Reviews

Contenders | 2023

Software by Sharesight Pty Ltd

Sharesight is cloud investment portfolio tracking software. Sharesight automatically calculates the performance of your overall portfolio and individual shares on the fly. Capital gains, dividends, and currency movements are all shown in dollars and annualised percentages. Read Sharesight Reviews

Software by TeamGantt

TeamGantt is a project management system for natural and nice project planning and team communication. It provides functionalities i.e allow multiple projects, simple for staff members, attractive presentation, upload file, conversations and connections with time tracking system. Read TeamGantt Reviews

Emergents | 2023

Know your best and worst investments at a glance with the help of Portfolio Manager at Moneycontrol who tracks all your investments, cash flow and assets through live price updates. Read Moneycontrol - Portfolio Manager Reviews

Medico Samples,Gifts & Promotional Inputs Software

Excel specializes in Sales and distribution, logistics planning, secondary sales, product management, Sample and Gifts distribution and allied modules for the pharmaceutical industry. We have over 18 years of experience in Pharmaceutical enterprise software systems. Read Medico SG (Samples & Gifts) Reviews

Simple, Easy-to-use Medical Billing System

Medical billing, reporting, and handling made easy with Meddoz. Stay in charge of your pharmacy operations with Meddoz's suite of efficient operations and reporting modules. Manage expenses, settlements, complaints, and accounts from a single touchpoint. Read Meddoz Reviews

Contenders | 2023

i-Record is a Complete Solution to Share Accounting and Portfolio Management used by Investors, traders, corporates, CA & Family offices, Consultants etc. to manage multiple Asset Categories such as Stocks, Commodities, MF, Bonds and Others. Read iRecord Portfolio Management & Accounting Reviews

Category Champions | 2023

MEAU stands for Me App Url is an All-In-One digital platform that helps internet users to introduce yourself and build a network in a safe, peaceful, and professional environment. Read MEAU Reviews

Emergents | 2023

Best portfolio management tools by Ideas Infotech

InvestPlus helps you in managing all your accounting, investments and income tax related requirements. It is a personal finance and Portfolio management software. It has different modules like Personal Accounting, Assets Management, Loan Management, Investment Management, Income Tax Preparation, Personal Organizers etc. Read Invest Plus Reviews

Software by WorkOtter

WorkOtter is a fully featured Project Management Software designed to serve Agencies, Enterprises. WorkOtter provides end-to-end solutions designed for Windows. This online Project Management system offers Portfolio Management, Product Roadmapping, Filtered Search, Collaboration, Capacity Management at one place. Read WorkOtter Reviews

Contenders | 2023

Quantis is best porfolio management tools provides multi-currency treasury application for asset managers, insurers and pension fund managers. It offers end-to-end Investment Management Operations. Strong user-defined compliance rules and workflow are integral to the product. Read Quantis - Asset and Wealth Management Reviews

Contenders | 2023

Best portfolio management system by is one of the best portfolio management system provides a suite of services to small companies (startups and SMEs) as well as investors (angel and VC) Read Invrep Reviews

Software by Airtable

Airtable is the solution for CRM to manage all-in-one with powerful features. It suits for such business like entertained, restaurant and hotels. It is very accurate and flexible software that delete all the duplication itself and integration with social media for secure communication. Read Airtable Reviews

Emergents | 2023

Software by National Stock Exchange of India Ltd

My NSE is a personalised Portfolio Manager that allows you to create your portfolio online and match it against the live market rates. Portfolio Manager is a tool that allows you to value your holdings online. Read MyNSE Portfolio Reviews

Comprehensive & Simple Solution for Retail, Distri

SwilERP is a leading retail pharmacy software that aims to give intelligent business solutions. The software has various feature sets that boost the retail pharmacy system's agility, increase productivity, decrease inefficiency, and take control of your business. Read SwilERP Reviews

High Performer | 2023

Triskell PPM Factory for Business Portfolio

Triskell PPM Factory allows you to define the exact Portfolio Management Solution you need. Support any Changes in the Organization. With Triskell PPM-Factory business users can easily configure and re-configure on the go, Triskell PPM-Factory, to encapsulate strategy and business processes in a unique multi-organization and multi portfolios environment. Read Triskell PPM Factory Reviews

Emergents | 2023

best portfolio management services by Adit Microsys Pvt. Ltd.

Easy Life is web based portfolio management Software to manage family finances for Indian investors. The user experience is further enhanced with the help of mobile applications on Android and iPhone. Read Easy Life Reviews

What Is Portfolio Management Software?

Portfolio management software is a computer program that allows you to manage multiple projects and tasks simultaneously.

Most enterprises work on various concurrent projects, also known as a portfolio, at one time. It's an effective way to get more work done in less time, better utilize their resources, and generate more revenue. However, not many companies have the right tracking and management capabilities to manage so many tasks. This can lead to inefficient management, resulting in errors, delays, and performance-related issues.

Project management software provides a comprehensive view of multiple levels of project data in an organization. It allows you to manage one or more project portfolios and enjoy more advanced project management capabilities.

Back in the day, portfolio management software was a part of the IT software suite, mainly used by IT and software development companies. But now, portfolio management solutions have become an essential part of all organizational departments, including: 

What Does Portfolio Management Software Do?

To understand how a portfolio management system works and what it does, you'll need to first get a gist of the project portfolio management (PPM) process. Let's discuss the key steps involved in the process.

1. Inventory Creation and Strategy Establishment

The first step is to identify all projects and categorize them based on the desired criteria. These could be based on the deadline, completion status, importance, etc. Now, develop a strategy to complete all the pending projects, ensuring that everything aligns with the overall business objectives.

2. Analyze

The next step is to analyze the strengths and weaknesses of each project. Collect data associated with all projects and evaluate each project based on milestones, resource allocation, reporting schedule, and ROI.

3. Perform Alignment Analysis

You need to ensure that all projects align with the organization's end goals and add real value to the company. Conduct an alignment analysis to determine the degree of strategic fit and better align all the projects. 

4. Manage

Now, it's time to manage all the projects in the portfolio. This step includes making decisions about allocating resources and budgets and managing risk and change. This step also includes rescheduling tasks and measuring risk and reward. 

5. Testing and Adapting

The final step is to test the project and see if everything is fine. If not, you'll need to adapt quickly and make changes in real-time.

As you can see, PPM can be a complex process, including myriad steps and variables. Manually managing all these tasks can be tedious and challenging. It can also lead to errors and delay the projects even further. 

Here's where the best portfolio management tool comes into play. It allows you to manage all PPM steps from a single dashboard. You can add and remove projects, allocate resources, analyze risk, manage change, and test the project outcomes. Thus, it significantly shortens the PPM process and makes it more efficient. 

What Are The Benefits of Portfolio Management Software?

Portfolio management software makes the PPM process simpler, faster, and more streamlined. You can eliminate recurring, time-consuming tasks and focus on more important work at hand. This, in turn, results in faster project completion and better performance and productivity.

Let's discuss the key benefits of cloud-based portfolio management software in detail.

1. Data-Driven Decision-Making

Informed decision-making among all stakeholders is one of the drastic changes the best portfolio management tool brings to the organization. You get access to reliable, real-time data that allows you to get information about various project areas and dimensions. This way, you can perform accurate planning at all stages of the project portfolio management process. 

For instance, you can analyze the outcomes of a feasibility study in terms of various outcomes based on the data you have on individual projects. This way, you can also align projects within portfolios to the end goals of the overall portfolio. Furthermore, you can add multi-dimensional scrutiny to the risks of a project to make better decisions.

2. Establish a Balanced Project Portfolio

To be a high-performing organization, you need to think beyond creating healthy returns. It's essential to strive for innovation so that your returns survive even in times of changing trends and market uncertainties. 

However, this pressure often gets the better of companies as they end up splurging on innovation without evaluating the risk and whether they're financially and resourcefully capable of a change. In a nutshell, sometimes, you need to keep innovation aside and complete projects by following your existing strategies. And sometimes, you need to innovate to achieve better outcomes. 

Portfolio management tools help you achieve the perfect balance between the two extremes. The software consolidates all the factors that could play a role in the project portfolio's outcome. Hence, you can assign a dedicated budget for innovation and balance it with risk, reward, and revenue. 

3. Sustainable Project Management

If you're a project manager struggling to devise a sustained formula for PMM success, a project portfolio management solution can help. Coming up with a project management plan is difficult, but what's more challenging is to determine whether the approach is sustainable in the long term. 

A project portfolio software system helps you analyze ideas, plans, risk, estimates, execution, and all other factors associated with a project's outcome. As a result, you can properly analyze which things are or aren't likely to work instead of relying on guesses. 

4. Effective Resource Management

As a project portfolio manager, getting the best value out of your resources should be your topmost priority. The best project portfolio management software helps you do that. You can make a strategic skill-based allocation to increase the odds of getting a positive outcome from the project.

Once you've assigned the resources, you can use the analytics section to track the performance of each resource. You can track the overall utilization rates, availability statuses, etc., to better manage the resources and make better decisions regarding short-term and long-term resource allocation.

5. Seamless Collaboration

Hassle-free collaboration and communication are the keys to success in project portfolio management. All members working on the project should have seamless access to all the data and insights, including statuses and reports, related to the project. In many projects, especially for those where remote teams are involved, collaboration can become the differentiator between success and failure. 

Project portfolio management software acts as the central repository of all information related to the project. This results in health collaboration and ensures that all team members, including stakeholders, are on the same page. 

Key Features of Best Portfolio Management Tools

Every portfolio management system is different, and thus, has different features and functionalities. However, certain features are common in all portfolio management tools. Let's look at some of them. 

1. Consolidated Project View

The most critical aspect of the best portfolio management software is that it enables you to view all your projects together. Most tools come with Gantt chart functionality to better plan and schedule a project. You can view all your projects on a single timeline and ensure synergy between all projects.

2. Live Data Access

The best portfolio management software provides access to live data across all projects. The portfolio dashboard displays information about all your projects. It also calculates the data and converts it into visual reports, making it easier to consume.

3. Detailed Data for Better Decisions

More data means more information, which leads to more informed decisions. As a project manager, you need to know every small and big detail that could impact a project's outcome. Portfolio management software provides in-depth reports that help you get detailed insights into your project portfolio. 

4. Task Management

A project comprises various tasks, and efficiently managing these tasks is the key to successfully completing projects. With the task management feature, you can assign the right number of tasks to your team members and measure their progress in real-time. This way, you can also stay on top of how each team member is performing. 

5. Change Assignments

Reassigning tasks can be daunting, but portfolio management software makes it easier. You can easily reassign tasks to other team members based on their availability and skill level. Furthermore, you can set priorities for each task to get them done on time. 

6. Real-Time Portfolio 

With the best portfolio management software, you can view the entire portfolio, along with all projects and tasks. This simplifies management and helps you with better tracking and prioritization. As a result, you can be more efficient and make real-time decisions.

Things to Keep in Mind While Buying Portfolio Management Software

Are you looking for a portfolio management system that meets your requirements? While every software solution is valuable, not all of them will add the same value to your business. Therefore, it's essential to choose the best portfolio management software.

Here are a few thighs to consider when looking for a project portfolio software system.

1. Cost

The purpose of a portfolio management solution is to help you streamline your projects without increasing costs. But if you choose a system that's too expensive, it can neutralize the purpose of a portfolio management system. While you shouldn't pick the cheapest option available, ensure that you don't spend too much money. 

2. Features

Portfolio management tools can come with different features, and it's essential to determine which features you need. Avoid going overboard with features as they can increase your costs. Moreover, extra features can be overwhelming and make it difficult to use the software. So, ensure that you stick to only the most important features you need. 

3. Deployment

Portfolio tracking software comes in two types of deployment options: cloud-based and on-premise. On-premise systems are deployed on your company's servers, and you're responsible for managing, maintaining, and upgrading them. This results in cutting-edge security. But you can only access them on devices registered on your company's network.

Cloud-based systems are deployed on the cloud and managed by third-party vendors. You don't have to bother about maintaining or upgrading them as the vendor takes care of those requirements. Moreover, since they reside on third-party servers, you can access them from any device. 

4. Ease of Use

Lastly, ensure that the software is easy to use. The last thing you want is to spend months training your team members to use the software. Pick simple and efficient solutions so that you don't have to spend too much time training your employees. This way, you'll be able to start extracting the value from your portfolio management software right away.

5. Accessibility

With remote work becoming the new normal, multi-device support is one of the key functionalities to look for in a portfolio management system. The software you choose should support multiple devices and platforms, mainly Windows, macOS, iOS, and Android. Since everyone nowadays uses smartphones, choosing a portfolio management solution with mobile support can enable better project tracking and communication. 

Problem Can Face with Portfolio Management System

A portfolio management system can add immense value to your business. But there are a few problems you can face, especially during the initial days of implementation. 

Here are a few challenges that you should be prepared to face when using a new portfolio management software solution.

1. Reluctance from Staff

No one likes a change, even when it's for good. Implementing a new portfolio management system means your entire organization will need to undergo an operation transformation, which could be challenging. Be prepared to receive reluctance at all organizational levels, from stakeholders to employees. 

2. Difficulty in Using

No matter how easy-to-use software you choose, your team will need some time and training to get used to it. Don't expect to streamline your portfolio management tasks from the first day of installing the software. Give some time to your team to get used to the software. 

3. Difficulties Tracking ROI

There's no clear way to measure the exact value a portfolio management system adds to your organization. It offers a wide range of benefits, such as reducing time wastage, better resource utilization, reducing unnecessary costs, and more. Calculating the overall ROI generated from all these improvements can be challenging.

Compare Pricing Plans of Top Portfolio Management Software Providers

Name Ratings & Reviews Starting Price Free Trial?
MProfit 4.8(186 Reviews) $0 Free to get started Yes Learn More
InsureCRM 4.1(22 Reviews)

Available on Request

No Learn More
Ecogreen 4.3(13 Reviews)

Available on Request

No Learn More
TeamGantt 4.3(6 Reviews) $0 Per Month Yes Learn More
Sharesight 4.7(6 Reviews)

Available on Request

No Learn More

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Last Updated: August 16, 2023