Top 7 Expert-Recommended Financial Planning Tools for Businesses
 Finance & Accounting

Top 7 Expert-Recommended Financial Planning Tools for Businesses

Rick Johnson
Rick Johnson
January 12, 2024
Last updated on:

January 12, 2024


Read time: 5 mins

Financial planning is the strategic process of outlining an organization's monetary goals and creating a roadmap to achieve them. It encompasses budgeting, forecasting, and decision-making to ensure financial stability and growth.

It is essential in an ever-evolving business landscape, as it provides businesses with the foresight needed to navigate economic uncertainties, invest wisely, and ultimately achieve sustainable success. The integration of essential financial planning tools further enhances this process.

These tools empower organizations to make informed decisions, allocate resources efficiently, and adapt to dynamic market conditions. In this blog, we will delve into a few top and impactful financial planning tools.

According to a report by Allied Market Research,the global financial planning software market size is projected to $ 16.9 billion by 2031

7 Best Financial Planning Tools for Businesses

Here are the top tools for financial planning used by experts and financial advisors: 

1. Sage Intact

Sage Intacct is a cloud-based financial management tool and popular for its robust accounting and reporting tools. It delivers real-time insights, automates intricate financial processes, and streamlines operations for businesses irrespective of their size. This financial tool is distinguished by its adaptability and ensures a tailored and efficient financial management experience. 

Key Features:

  • Multi-Dimensional Data Analysis: Sage Intacct supports multi-dimensional data analysis and allows users to delve into detailed financial insights and trends.
  • Automation of Financial Processes:  The platform automates intricate financial processes, reducing errors and enhancing overall operational efficiency.
  • Efficient Budgeting and Planning:  Help businesses optimize budgeting processes and create comprehensive financial plans 
  • Automated Revenue Recognition: The automated revenue recognition capabilities ensure compliance with accounting standards and accurate revenue reporting.

What are the objectives of financial planning for businesses?

The primary objectives of financial planning for businesses include ensuring liquidity, optimizing resource allocation, mitigating financial risks, fostering growth, and achieving long-term financial stability.

To know more read our blog:‘ How Financial Planning Can Benefit Organizations ’

2. SAP Business Planning and Consolidation

It is a specialized application designed for large enterprises. It prioritizes budgeting, planning, and financial consolidation. This dynamic tool also empowers organizations to forge detailed financial plans, refine budgeting processes, and guarantee precision in financial reporting. Specifically designed for the complexities of expansive businesses, SAP BPC is a go-to solution for optimizing financial strategies and delivering meticulous financial insights for strategic decision-making.

Key Features

  • Comprehensive Budgeting and Planning:  SAP BPC allows organizations to create detailed financial plans aligned with their strategic goals.
  • Financial Consolidation: The platform enables large enterprises to streamline and automate the consolidation of financial data for accurate reporting.
  • Scenario Modeling and Forecasting:  SAP BPC empowers organizations to assess potential outcomes and plan for various business scenarios.
  • Integration Capabilities: The platform allows seamless connectivity with other SAP solutions and third-party applications for a cohesive financial ecosystem.

3. Float

Float is designed to empower financial advisors to manage and forecast cash flow effectively. It significantly contributes to enhancing comprehension of financial liquidity due to its intuitive interface. This tool also facilitates informed decision-making and strategic planning for financial advisors.

Key Features

  • Cash Flow Forecasting: This platform allows businesses to project and manage their cash flows accurately based on historical data and future projections.
  • Intuitive Interface: It simplifies the process of understanding and managing financial liquidity through a user-friendly interface. 
  • Ease of Decision-Making: Float's user-friendly features and detailed forecasts allow businesses to strategize effectively.
  • Enhanced Strategic Planning: This platform offers key insights and data to optimize planning processes and improve overall financial strategies.

4. eMoney Advisor

As a comprehensive wealth management platform, it provides essential financial and retirement planning tools. This dynamic platform goes beyond standard features by fostering collaborative planning. This financial planning tool allows financial advisors to meticulously craft detailed plans, model various scenarios, and actively involve clients in the intricate financial planning process. 

Key features

  • Comprehensive Wealth Management enables holistic financial planning, investment management, and goal tracking.
  • Collaborative Financial Planning: The platform facilitates collaborative financial planning and allows financial advisors to work closely with clients, create detailed plans, and model various financial scenarios.
  • Advanced Scenario Modeling: It enables financial professionals to analyze different scenarios and help clients make informed decisions based on potential outcomes.
  • Interactive Client Engagement:  The platform enhances client engagement through interactive features and allows clients to actively participate in the financial planning process.
4 Key Factors to Consider While Choosing A Financial Planning Software
Image 1 - 4 Key Factors to Consider While Choosing A Financial Planning Software

5. SAS Financial Management

SAS Financial Management is for advanced analytics and performance management solutions. Financial advisors harness their capabilities to delve into in-depth financial analysis, conduct precise forecasting, and engage in strategic planning. This tool is essential for ensuring data-driven decision-making in intricate financial scenarios. SAS Financial Management also offers specialized analytical tools to empower advisors to make informed decisions and strategically plan for diverse financial challenges.

Key Features

  • Performance Management Solutions:  The platform optimizes businesses' financial performance through strategic planning and execution.
  • Forecasting Capabilities: SAS Financial Management includes robust forecasting capabilities to empower organizations to make accurate predictions and plan for future financial scenarios.
  • Strategic Planning: It supports strategic planning and helps businesses align financial objectives with overall organizational goals for effective planning and execution.
  • Data-Driven Decision-Making: SAS Financial Management promotes data-driven decision-making by offering accurate and real-time financial data for analysis and reporting.

6. RightCapital

This financial tool seamlessly facilitates comprehensive financial planning, retirement analysis, and tax planning. It comes with user-friendly features and empowers advisors to craft personalized financial plans, evaluate investment strategies, and attend to clients' financial goals. RightCapital's versatility and intuitive design make it an essential asset for financial advisors and help them precisely navigate intricate financial landscapes.

Key Features

  • Tax Planning Capabilities: It includes robust tax planning capabilities and allows financial professionals to optimize tax strategies and minimize tax liabilities for clients.
  • User-Friendly Interface:  With its user-friendly interface, RightCapital simplifies the financial planning process and makes it easily accessible for client engagement.
  • Optimized Planning Processes: It serves as a dynamic tool for financial professionals and optimizes planning processes.

7. Asset-Map

Asset-Map simplifies complex financial information for clients. This unique platform allows financial advisors to construct visual representations and clearly and intuitively depict clients' financial landscapes. Through its visual storytelling approach, Asset-Map elevates the advisory experience and streamlines communication. This helps the advisors build stronger connections with clients by providing them with a visually engaging perspective on their financial plans.

Key Features

  • Visual Communication Tool:  It simplifies complex financial information for financial advisors and helps them communicate clearly with clients.
  • Financial Landscape Representation:  The platform enables advisors to create visual representations of clients' financial landscapes and offer a concise and intuitive overview of their financial situations.
  • Enhanced Communication:  Asset-Map enhances communication by visually presenting financial strategies and goals.
  • Simplified Information:  Through its visual approach, Asset-Map simplifies intricate financial information, making it more accessible and easier for clients to understand.


As we gaze into the future of financial planning, the transformative potential of technology becomes more evident. With the evolution of AI, ML, and data analytics, both businesses and financial experts can anticipate even more sophisticated tools that empower them with unparalleled insights and capabilities. The synergy between human expertise and cutting-edge financial planning tools will redefine financial planning and offer a dynamic foundation to navigate the complexities. Therefore, delegating financial planning tasks will be an optimal choice for businesses. This strategic alignment will ensure a dynamic foundation to navigate the complexities of financial planning and drive efficiency. 

At Invensis, we provide tailored and streamlined solutions for financial planning and ensure businesses meet compliance, mitigate risks, and enhance strategic decision-making. Contact us to empower your businesses with agility, efficiency, and insights with our finance and accounting services.

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