Drawing real-time financial statements and performance reports is a breeze with the robust reporting capabilities of financial management software. This helps your financial services organization maintain transparency and compliance with regulatory requirements.
Financial management tools typically integrate well with most modern CRM platforms, as well as banking and payment platforms. These are just a few of the best financial management software options available:
QuickBooks: QuickBooks is known for its desktop and online accounting and financial management software solutions, including features like expense tracking and reporting. Pricing starts at $35 per month for a single-user license, with four different plans to choose from.
Xero: Xero is another popular accounting suite offering financial services businesses a robust cloud-based solution that lets you automate bookkeeping and manage transactions. Its entry-level plan with philippines telegram limited features is usually $20 per month, and there are two more plans suitable for growing or more established financial services businesses.
FreshBooks: If you’re looking for easy-to-use financial management software to streamline bookkeeping, expense tracking, transactions, tax preparation, and more, FreshBooks offers the ideal solution. While custom plans are an option, FreshBooks offers three pre-defined tiers starting at $19 per month.
Screenshot of ComplyAdvantage, the best risk management software for financial services companies
Risk management tools are essential to any financial services tech stack because financial, operational, and compliance risks are a real threat in your industry. This software helps you identify, assess, and avoid potential risks that could negatively affect your clients and profitability.
With the right risk management software, you can keep track of risk and access sophisticated analytics and reporting features that give you in-depth insight into risk exposure and help you make better data-driven decisions.
You’ll have the benefit of setting up automated risk management workflows that send you alerts in real time and streamline your risk management process. These tools also typically integrate well with other tools, including CRM systems, offering a 360-degree risk management solution.
If you’re looking for the best risk management software for your financial services organization, we recommend the following options:
ComplyAdvantage: ComplyAdvantage is an AI-driven risk management tool that delivers financial crime updates and insights to help financial services companies screen clients and prevent fraud. The free tools available offer plenty of risk management features, but custom paid solutions are also available.
LogicGate: LogicGate is an excellent way to level up your data governance, risk, and compliance efforts through a centralized data risk platform with several risk management applications. Pricing depends on your business needs and is tailored according to the applications you choose to use.