Best Financial Management Software in 2018

LOGIC Account

LOGIC Account-A Trusted Name for POS & Wholesale
LOGIC ACCOUNT - Complete Retail and Wholesale Software. It is a suitable software for Billing, Inventory & Accounts Functionalities.It is available in two Editions such as Retail Edition and Whole Sale Edition. It is a standard application with fully loaded features and functionalities.

Busy Accounting Software

The Complete Business Management Software for SMEs
BUSY is the complete accounting software for small and medium businesses. It has been allowing SMEs across geographies, industry verticals and customer division such as FMCG, Retail, Trading, Manufacturing, Distribution and Service by helping them manage their business efficiently.

Invest Plus

Software 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.


The next generation Online Accounting Software
ProfitBooks is a simple and fastest business accounting software for small businesses. It lets you create beautiful invoices, track expenses and manage inventory without any accounting background.

RezNext Revenue Management System

Software BY RezNext
Powered by Maxim, ReV is an industry leading revenue management solution. Maxim has been empowering hoteliers with advanced revenue management technology for over 20 years

NEESA Enterprise Resource Planning

Software BY Neesa Technologies
ERP is an amalgamation of your finance & account, manufacturing, project, retails & supply chain management, asset management, procurement, human resource management and other business processes through software solutions that makes the business process smooth and improves overall administration.

SAG Project Finance

Software BY SAG Infotech Pvt Ltd.
SAG Project Finance is a windows based calculation-analysis software. It is extremely user friendly and even can be used by a fresher.

HDPOS smart for Electronic and Electrical Store
HDPOS smart is a feature rich, easy to use Point of Sale billing and inventory management software that is available to you at a very low cost.


Software BY provides a suite of services to small companies (startups and SMEs) as well as investors (angel and VC)


Software BY MACOM
MGL360, the flagship product of MACOM, is an exclusive and comprehensive Gold Loan Management Solution which is perfectly designed to automate Gold Loan business and propel its growth. Apart from being reliable, user-friendly and affordable, some of the stand-out application features make this software the best-in-class.

FAMS for Accounting

Software BY Foison Technology Solution PVT LTD
FAMS is an Financial accounting software that provides you all the functionality related to accounts on a single platform. Accounting is the process of identifying, measuring and communicating the economic information of an organisation to its users for the correct decision making.

BeyondSquare Financial Management System

Software BY BeyondSquare Solutions Pvt Ltd
BeyondSquare Financial Management Suite (FMS) is a scalable web application for financial consolidation, financial reporting, financial data analytics and regulatory reporting. The product offers tremendous value to the F&A and secretarial teams to manage, share, and analyze corporate financial information in an efficient, effective and transparent manner.


Portfolio Management And Accounting Software
Mprofit is one of the best portfolio management and accounting management software for investors, traders, advisiors, corporates, family offices and CAs to manage your stocks, MFs & other assets.


Lead Management for Financial product distributors
SimTRE’s offers a complete lead management solution for financial product distributors & loan intermediaries for managing both secured & unsecured loans. Its end-to-end solution from lead to payout (commission) management.

Billing, Accounts and Inventory Management
HDPOS is the best accounting software. It has ease of use and nice interface. It is a Windows based Billing, Inventory Management and Accounting Software and it easly Install on single computer or multiple Terminals.

Page Last Updated On 03/11/2017 07:08

What Is A Financial Management System?

A financial management system is a blend of the methodologies and tools that allow the businesses to keep a record of their income, expenses and other assets. This record is crucial to maximize the profits and for the sustainability of the business.

There are a number of things that are taken care of by an efficient management system. It aims at improving the business performance both at short and long-term by streamlining the invoices and bill collection, minimizing the redundancy, removing accounting errors, helping with budget planning and offering the flexibility for accommodating change and growth.

There is no doubt that financial management is the topmost challenge that every business faces. Whether it is a newly established business or a successful one, it needs to deal with many financial complexities. Without Financial Management Software, you will not be able to track how much profit the company has earned or how much it had to pay for as a loss. As the business management authority has many other core tasks to focus on, they find difficulty in keeping a record of their finances. And as it is a confidential task too, they hesitate to give it to a person unless he/she is a trusted one.

This difficulty faced by business organisations has given rise to the use of Financial Management Systems. If you wondering what such a system is all about, here is all that you need to know about financial management system.

Features Of Financial Management Software

  1. Complete Management Of Accounting Procedures : A financial management software streamlines all the financial process 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 procedures related to finance.
  2. Prediction Of Future Trends And Relevant Planning : A financial management system allows business organizations to use their historical data for predicting the future trends and patterns in expenses, income and revenues. It also lets businesses to understand the market conditions, which in turn allows them to do accurate planning for the future.
  3. Worldwide Financial Support : A financial management software provides businesses with the tools and technologies they need to coordinate activities among multiple departments and manage their financial tasks all over the world. The support for languages, multiple currencies along with their conversion, laws and guidelines specific to each country are the things that are well supported by a financial management software.

Benefits of Financial Management Software

  1. A financial management software will cost you less than hiring a specialized CFO (Chief Financial Officer).
  2. You can use the software when you need it.
  3. A good software provides you with ad-hoc capabilities to do advanced analysis of your finances.
  4. A good financial management software lets you know the strengths and weaknesses of your business as you can easily visualize that how your business was, how it is and how it can be.

Open Source Financial Management Software

Open source Financial Management Software can be of great assistance to help you manage your finances. It brings to you a wide array of options to assist you and make your financial management easy and quick. Right from tracking your personal bank accounts to managing your small business, this software can help you manage and track your finances very well. There are numerous financial management software available on the internet which are open source and can be utilized depending upon your needs. The impressive highlights of open source financial management software are

  1. Helps in carrying out financial calculations
  2. Schedules transactions
  3. Transaction matching
  4. Representation of reports and graphs
  5. Meets small business accounting needs
  6. Double entry accounting, etc

Financial Software Research Guide

The best thing about this software is, it can be customized according to the needs of the clients. It helps you take your business to the next level when you are able to control the way it is processed. You can share what your needs are and it can be customized according to your needs. The software also comes with several extensions, which can be installed to enhance the efficiency and growth of your business.

To search and utilize the best financial management software, you must conduct a thorough market research. When you are looking for an open source software, you must keep in mind what your present needs and future requirements are. You can also go on the reviewing websites to know the efficiency and performance of the software.

What Type Of A Buyer Are You?

There are three types of buyers basically. The first category consists of small business buyers and others are best-of-breed buyers and enterprise buyers. The financial requirements of all these buyers are quite different from each other. The small business buyers would look for other things than the two other types of buyers. Therefore, when you are looking for an open source software, keep in mind your business needs and then search for the one that best suits your needs. When you purchase a software in line with the needs and size of your business, it is definitely going to enhance the efficiency and performance of your business.

Finance is undoubtedly the lifeline of any business. It is a crucial part of any business and needs to be handled and managed with care. Failing to manage your finances can make you face losses and troubles. Hence, it makes sense to take good care of your finances so that you are able to keep a finger on the heart of your business. When everything is managed and well-taken care of, then chances are there that it will take your business to the pinnacles of success. The open source financial management software can be of great help to manage your finances so that you can concentrate on other core areas of work.