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What is cash flow forecasting software
The software which is used by businesses to predict their future cash inflows and outflows is known as cash flow forecasting software. this type of software uses a combination of past and present financial data plus the projected future activity of a business to determine the cash flow forecast.
This forecasting can help businesses to analyze their current financial position, make effective plans to reduce expenses and make better decisions regarding financing and investing.
Cash flow software provides you with real-time business data which you can adjust to your business requirements.
Overall, Cash flow forecasting software makes it easier for businesses to increase their financial health.
10 Top-Rated Cash Flow Forecasting Software for Small Business
Here are 10 top-rated cash flow forecasting software options for small businesses:
1. Float
Float is a cloud-based software. Which is designed to help small and medium-sized businesses in cash flow tracking and forecasting. You can integrate Float with software such as QuickBooks, FreeAgent, and Xero to effectively manage business cash flow.
Pros and cons of float
Pros
- Float automatically creates a cash flow forecast based on business past data and future projections
- Due to automation float reduces manual errors and saves time.
- It allows you to create several scenarios. So that you can make better financial decisions
- It provides you with real-time cash flow data which you can adjust to your business requirements
Cons
- Its template is limited in customization and may not be customizable to business-specific needs
- Reporting options are also limited in float. Which may not be enough for your business.
- In comparison to other software, Budgeting tools are also limited in float
- The cost of float is higher as compared to other software in the market
Pricing of float
Float offers a free trial to its new users and its pricing starts at $6 per month, per scheduled user on a yearly plan, or $7.50 per month, per scheduled user on a monthly plan.
2. Pulse
Pulse is another software that provides small businesses with cash flow forecasting and management tools. Over half of the pulse users use it daily because it requires less time.
Pros and cons of pulse
Pros
- It provides you with income and expense visual representation
- Pulse is a user-friendly software
- It requires a minimum amount of time to manage business tasks
- It helps users in strategic planning and effective cash flow management
Cons
- Some users said that it is good software for cash flow management but its features are less
- It is not as comprehensive as other software in the market
- According to some users, it is more useful for people who are operating in an e-commerce business
- Pulse provides few integrations with other software
Pricing of pulse
It offers multiple pricing options. Such as:
Free plan: it consists of a limited pulse feature
Pulse Basics: it costs $29 per month and consists of the basic features.
Professional Plan: it costs $19 per month or $182 per year and consists of all the Basic Plan features, Additionally export capabilities, and fully customizable data set creation.
Pulse Business Solutions: it consists of 2 pricing editions, from $0 to $12, and a free trial is available.
You can contact Pulse to choose the plan which best fits your business needs.
3. Cash analytics
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Cash analytics provides all sizes of businesses with cash flow forecasting, variance analysis, and scenario planning. It also integrates with accounting software and ERP systems.
Pros and cons of cash analytics
Pros
- It provides real-time business cash position
- It helps to expand business free cash flow
- It reduces the time it takes to compile the data.
- It is easy to analyze and maintain a forecast accuracy
Cons
- Its custom integration can be difficult for users
- According to the review, it is less suitable for small businesses
- It may require training to take maximum benefits of its features
- Its custom integration may involve extra cost
Pricing of Cash analytics
This software also consists of a wide range of pricing plans. So, you can contact Cash Analytics on their original website to find a suitable price for your business.
4. Dryrun
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Dryrun provides small businesses with scenario planning, budgeting, and cash flow forecasting. It can be integrated with Xero, QuickBooks, and other popular software.
Pros and cons of Dryrun
Pros
- It is a user-friendly and flexible software
- It offers valuable tools through which users can manage their data
- It consistently updates itself according to the user's requirements
- It provides businesses with effective and flexible forecasting solutions.
Cons
- According to some users, there is better software than Dryrun but they are expensive
- It may require some time to learn its interface
- a user said It requires some time to set the details. But once you set it, you can easily duplicate it.
Pricing of Dryrun
There are 3 plans of dryrun
Essentials at $49.00 per month
Advanced at $99.00 per month
Enterprise at $249.00 per month
5. Fathom
Fathom is a software that provides small businesses with reporting, KPI tracking, budgeting, and cash flow forecasting. It can integrate with multiple software such as MYOB & Excel, QuickBooks, Xero, etc.
Fathom consists of step-by-step guide videos that help users in settling up their businesses.
Pros and cons of Fathom
Pros
- Its interface is user-friendly and it is easy to use
- It consists of multiple financial tools such as ratio analysis, trend analysis, and benchmarking
- It provides users with pre-built reports and multiple templates
- In this users can collaborate and share reports with the team members
Cons
- It may be expensive for some small businesses
- According to some users, its charting features can be better
- Its setup and use can require some technical information
- It is not accessible on mobile, you can use it on a desktop or computer
Pricing of fathom
Fathom provide you with 14 days free trial and its premium plans are:
Starter Plan: $48 per month for 1 business, plus $48 per month for each additional business.
Silver Plan: $250 per month for 10 businesses, plus $25 per month for each additional business.
Gold Plan: consist of 25 Businesses $360 per month plus $13 per extra business
Platinum plan: consist of 50 Businesses
$650 per month plus $10 per extra business
You can contact Fathom on their official site to choose the best plan for your business.
6. Planguru
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Planguru is designed to help small, medium-sized, and nonprofit businesses by providing them with budgeting, financial analysis, and forecasting. It uses case studies to teach new users about its use.
Pros and cons of plan guru
Pros
- It is used to generate a statement of cash flow
- It allows you to create several financial forecasts
- It is flexible in customization
- It also provides business planning services and personalized support
Cons
- Planguru may be complicated for some users
- It may not fit small companies that do not need super-sophisticated financials
- It is expensive compared to other software in the market
Pricing of plan guru
plan guru provides you with a free trial and its premium plans are:
1. Single Entity
It consists of 1 User with $99 per month. Additional Users cost $29 per month. [30-day money-back guarantee ]
2. Multi-Department Consolidations
It consists of 3 Users with $299 per month. Additional Users cost $29 per month. [30-day money-back guarantee ]
7. QuickBooks
QuickBooks is a widely used accounting software and it consists of a cash flow forecasting feature, which helps small businesses in cash flow forecasting through historical data and upcoming transactions.
Pros and cons of QuickBooks
Pros
- A quick book is a user-friendly software that is easy to use and learn
- It integrates with your accounting data and makes it simple to generate cash flow forecasts through financial transactions and historical data
- It also provides you with real-time data which you can adjust to your business requirements
- You can access it on your phone, tablet, and computer plus you can easily find and fix errors
Cons
- It can be expensive for small companies that do not require its multiple features
- Users who are not familiar with QuickBooks may face some challenges in learning
- Its Support is limited. You may not get easily live support
- Few people reported issues such as duplicate entries or miscategorizations
Pricing of QuickBooks
In QuickBooks Online there is no price mentioned for using the cash flow planner. But, it offers a 24-month cash flow forecast at no extra charge for companies operating in the UK.
8. Cash flow manager
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Cash flow manager a cloud-based accounting software that provides small businesses with budgeting, forecasting, payroll operations, and invoicing. This software runs on computers in Windows 8, 10, or 11. In the case of Mac, you need to download the additional software.
Pros and cons of cash flow manager
Pros
- It is a user-friendly software
- It is a cost-effective solution for small companies
- It saves the business money
- It helps to reduce manual errors in accounting
Cons
- Its features lack automation
- Its interface is also poor compared to other software
- Its features are also limited and may not be suitable for large companies
Pricing of cash flow manager
It provides you with a free trial and its premium plan cost from $5 per month to $24.20 per month, based on the plan and payment frequency. In all monthly plans,
Its minimum subscription period is 12 months.
9. Sage Intacct
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Sage Intacct is cloud-based software that is designed to help small and medium-sized companies by proving them with visibility into real-time financial data, budgeting, cash flow forecasting, and reporting. It can also integrate with ERP systems and accounting software.
Pros and cons of sage Intacct
Pros
- It can easily integrate with other software such as sales force.
- It provides businesses with Customizable reporting
- Its reporting features help to gain better visibility into business finances.
- It also offers an automatic bank reconciliation feature
Cons
- Its interface is not suitable for some users
- Some of Its features can be better such as project management
- More affordable software is available as compared to sage Intacct
Pricing of sage Intacct
Sage Intacct pricing is not given on its official website. But according to the BT Partners review, Sage Intacct's pricing is from $15,000 per year for a basic package to $50,000 per year for a more advanced package.
10. Prophix
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Prophix is a software that helps companies in financial reporting, budgeting, and cash flow forecasting, management of profit/loss, cash statements. It is accessible to desktops, mobile, and cloud platforms.
Pros and cons of Prophix
Pros
- Its interface is user friendly
- It helps businesses to make budgeting and forecasting easy.
- It automates various business processes such as reviewing, designing, and distributing financial budgets and evaluations
- It increases the accuracy of business data
Cons
- Its running time is slow.
- Reports with large data may require more time to open
- For some users, it can be difficult in reporting
Pricing of Prophix
Prophix pricing is not available on its original website. But according to Capterra, its pricing starts from $1.00 and $478.00 per month, with a flat rate pricing model.
Related searches:
how reliable is cash flow forecast software
The reliability of cash flow forecast software depends upon the data you have entered into it as accurate the data will as accurate the result will be. So it is essential to fill the accurate expenses data, business transactions, etc.
How much cash flow should a small business have?
To amount of cash flow small businesses have depends on several factors such as the industry, business size, plus the business's financial objectives. But, According to financial experts, a company should have at least three to six months of operating expenses.
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