Overview of 6 cash flow software providers

1. re:cap Insights
2. Microsoft Excel 
3. Agicap
4. Tidely
5. Commitly
6. Atlar

Comparison: The 6 best cash flow software in 2024

Looking for a quick comparison of cash flow software providers, including their pricing and features? Our spreadsheet has you covered. It’s designed to help you make informed decisions and easily share it with your team and management. You'll find a side-by-side comparison of the top cash flow software options on the market. Note: Information is accurate as of September 18, 2024. If you spot any mistakes, feel free to reach out to us.

What you should consider when choosing cash flow software

An effective cash flow software should offer more than just impressive features. It should provide real, tangible benefits that go beyond simple data collection and visualization. To ensure you choose the right tool for your needs, ask yourself these key questions before making your decision.

For what purpose do I need the cash flow software?

Cash flow software varies significantly in its features and target users. Some solutions are built for large, established companies with intricate financial structures, while others are designed specifically for startups, where cash management may be managed directly by founders. To choose the best software for your needs, consider your intended use. Assess whether the software’s features align with your requirements, or if you need a solution with a more comprehensive or specialized focus.

How complex are onboarding and maintenance?

Software that requires weeks or even months to onboard – like Agicap and Atlar, which can take 2-3 months – and demands extensive maintenance isn't what you need. Instead, you should expect a solution that connects data sources in minutes and operates seamlessly. Look for a data integration system that is quick, accurate, and fully automated, allowing you to focus on what matters.

Do I need all the features that the cash flow software offers?

Generally, software with more features comes with a higher price tag. A free trial helps you determine if you truly need all the offered functionalities or if the solution might be more complex than necessary for your needs. Ideally, you want to avoid spending thousands of euros on software when you’re only using a small portion of its features.

How is data quality ensured?

The effectiveness of cash flow software hinges on the accuracy of its data. For a solution to truly excel, it must not only classify transactions correctly but also manage data cleansing, validation, and enrichment effortlessly. Without these critical capabilities, even the best software can fall short.

What is the best cash flow software?

1. re:cap Insights

re:cap Insights is a cash flow management tool that helps you plan, manage, and optimize your cash flow. It’s designed for startups, scaleups, and small to medium-sized businesses, providing solutions tailored to their financial needs.

The software delivers a real-time overview of your cash position by consolidating all your bank accounts and balances into a single, easy-to-navigate dashboard. Incoming and outgoing payments are automatically categorized with 97% accuracy, ensuring high-quality data. You can access essential financial metrics for your management, team, and investor reports. Plus, you can plan your liquidity and budgets as well as stress test your business with forecasting.

re:cap Pricing

re:cap Insights offers three plans for different needs: Basic, Insights, and Funding & Insights (All Insights plus access to re:cap funding). Plus, you can experience the cash flow software for free with a 14-day trial. If you need more information check out our pricing page.

• Basic: €0 per month
• Insights: €39 per month (annual billing)
• Funding & Insights: customized pricing

A quick note: re:cap Insights is unique among cash flow software tools because it allows you to invite an unlimited number of users and link an unlimited number of bank accounts, regardless of the plan you select.

re:cap Features 

Liquidity Management

re:cap's cash flow management covers the following areas:

• Cash flow statement: automatically categorizes transactions to ensure precise allocation of both incoming and outgoing payments and gives you an overview of your cash position.
• Profitability and financial health: delivers real-time insights into your profitability, keeping you updated on your financial performance – all based on your accounting data.
• Runway analysis: tracks cash burn and runway to provide a clear view of your financial health and sustainability.
• Cash consolidation: facilitates cash flow analysis across multiple levels, companies, and countries for a financial overview.
• Plan vs. Actuals comparisons: measures your business plan figures against actual performance to assess alignment and adjust strategies.
• Bank connections: integrates seamlessly with over 14,000 bank accounts for comprehensive financial management.

Liquidity Forecast

Liquidity planning is vital for your financial strategy. It integrates historical and real-time data to build accurate forecasts.

Stress testing your business allows you to evaluate the impact of major decisions, such as hiring or significant expenditures. This process reveals how key metrics perform under pressure, enabling you to refine your financial strategy.

Additionally, simulating the effects of debt or equity investments on cash flow and liquidity offers critical insights into their overall impact on your financial health.

Reporting

View key financial figures in one dashboard and extract them for your reports:

• Comprehensive insights: build reports from a complete view of liquidity, customers, profitability, and financial health by integrating banking, revenue, and accounting data.
• Single source of truth: address management inquiries with accurate, up-to-date financial information.
• Efficient reporting: focus on what matters to investors by extracting essential metrics and minimizing time spent on manual reporting.
• Enhanced financial accuracy: monitor revenue, costs, cash flow, and balances to ensure your projections align with reality.

What do companies use re:cap Insights for?

When we ask our customers, they use re:cap Insights primarily for the following:

• Gain instant, transparent insights into accounts and cash balance. Consolidate all cash flow data in one easily accessible platform.
• Track essential financial metrics – whether company-wide or by specific entities – keeping management and investors updated on figures like burn rate, revenue growth, and cash reserves at any moment.
• Uncover potential savings and cut costs by identifying opportunities for improvement. Stay aligned with their budget and take proactive measures when discrepancies arise.
• Define budget planning and boost accuracy with the Plan vs. Actuals feature.
• Enhance their liquidity planning by forecasting various scenarios, allowing them to model and anticipate future developments.
• Conduct liquidity stress tests to assess their impact on different areas of your business, ensuring they are prepared for any financial challenge.

Summary re:cap Insights

re:cap Insights is the cash flow software designed for thorough liquidity planning and efficient cash management. You get a precise overview of your cash position in real time, proactively plan your liquidity, and craft tailored cash scenarios to fit your needs.

2. Microsoft Excel

For over 30 years, Microsoft Excel has been an ally for start-ups, SMEs, and large corporations alike. Beyond performing calculations and generating charts, Excel can be also used for cash flow management.

Microsoft Excel pricing

With Excel, you have two choices: use it as a standalone application or use it within the Microsoft 365 suite.

• Excel standalone: $159
• Excel within Microsoft 365: $6.99 per month

What do companies use Microsoft Excel for?

Excel is a tool used for cash flow management, payment tracking, and budget monitoring in many companies. However, its limitations can significantly hinder effective financial management.

The manual data entry required by Excel poses considerable challenges. Without built-in features for automatic data integration, managing account balances becomes a time-consuming task fraught with potential errors. Moreover, Excel lacks real-time updates, complicating liquidity planning and forecasting. The need for manual updates increases the risk of losing crucial information from various scenarios. Consequently, Excel falls short of a comprehensive cash flow management solution.

Summary of Microsoft Excel

While Excel might suffice for basic cash flow management with a single account and a handful of transactions, it quickly shows its limitations as your financial landscape becomes more complex. For sophisticated cash management needs, modern software offers advanced features and enhanced efficiency, making it the superior choice for comprehensive financial oversight.

3. Agicap

Agicap delivers comprehensive cash flow software designed for medium-sized and large enterprises. The software provides a suite of features to streamline your financial management, including cash management, supplier payments, expense tracking, receivables management, and liquidity forecasting.

Agicap pricing

At Agicap, the pricing depends on the number of companies and bank accounts you manage, as well as your company’s revenue. To get a personalized quote, you need to provide these details. The exact cost is not available. Plus, you need to buy the whole platform – regardless if you only want access to a cash flow tool. Agicap does offer a free trial, though the length of this trial period is not specified.

What do companies use Agicap for?

Agicap provides an extensive suite of cash flow management features, designed to streamline and enhance your financial management:

• Liquidity management: you get real-time insights into your liquidity and can better control it.
• Liquidity planning: you can create cash forecasts and scenarios to model different scenarios.
• Bank and ERP integration: you can synchronize your bank accounts and ERP systems for financial oversight.
• Expense management: you can streamline order processing, invoice handling, payment management, and company card oversight.
• Receivables management: you can monitor outstanding receivables and fine-tune payment terms to enhance your cash flow.

Summary of Agicap

Agicap offers a cash management solution designed to meet diverse needs. You get access to a lot of different features. However, it's important to note that accessing the complete suite of features requires a higher-tier subscription, which is reflected in the pricing.

4. Tidely

Tidely is a cash flow solution tailored for SMEs and large enterprises. It offers real-time financial oversight and liquidity management with a comprehensive dashboard, cash flow forecasts, scenario planning tools, and reporting.

Tidely pricing

Tidely's pricing depends on your company's size, the number of users, and the number of bank accounts you need. They offer four plans: Starter, Professional, Business, and Enterprise. It's worth noting that the Starter and Professional plans come with some limitations – allowing for only 1 and 5 bank accounts, and 1 and 2 users, respectively. To help you make a decision, Tidely provides a 7-day free trial, so you can explore their features before committing.

• Starter: €45 per month (billed annually)
• Professional: €85 per month (billed annually)
• Business: €215 per month (annual billing)
• Enterprise: Customized prices

What do companies use Tidely for?

Tidely's cash flow software offers a suite of features. Here’s what you can expect:

• Liquidity overview and control: gain an overview of your financial landscape with all your data integrated into one platform.
• Liquidity planning: plan your cash flow and explore multiple scenarios to anticipate how your liquidity could develop.
• Reporting: generate and share detailed reports with different stakeholders, ensuring clarity and alignment.
• Team and company management: oversee cash flow across various teams, structures, and business units.
• Transaction and invoice management: streamline your transaction and invoice processes by integrating your bank accounts and ERP systems.

Summary Tidely

With Tidely, you get cash flow software that simplifies and optimizes your cash management tasks.

5. Commitly

Commitly is cash flow software designed to provide a comprehensive overview of your financial health. It focuses on cash forecasting with which you can plan liquidity. It is tailored for SMEs and startups.

Commitly pricing

Commitly’s pricing is dependent on factors like company size, user count, and the number of bank accounts. The software is available in three plans: Basic, Business, and Professional. Plus, you can explore all its features with a 14-day free trial.

• Basic: €45.83 per month (annual billing)
• Professional: €70.83 per month (annual billing)
• Business: €120.83 per month (annual billing)

What do companies use Commitly for?

Commitly delivers a suite of tools designed to streamline cash flow management and liquidity planning:

• Bank and ERP integration: link your bank accounts and ERP systems with Commitly for a unified financial view.
• Liquidity overview: get a daily snapshot of your cash flow, with insights into both inflows and outflows.
• Liquidity planning: model various scenarios to project how your cash flow will evolve, enabling financial strategies.

Summary Commitly

Commitly’s cash flow software provides a comprehensive snapshot of your financial position and critical metrics. With a focus on forecasting, it enables the planning and modeling of various cash scenarios.

6. Atlar

Atlar is cash flow software for cash management, payment processing, and cash flow forecasting. The tool is tailored for medium to large enterprises.

Atlar pricing

Pricing for Atlar depends on company size and selected features; you’ll receive a customized quote. Atlar offers three plans: Essential, Professional, and Enterprise. The pricing details are not disclosed publicly, and Atlar does not offer a free trial. According to Atlar, implementation typically takes 2-3 months.

What companies use Atlar for

Atlar’s cash flow software delivers comprehensive solutions designed to elevate your financial management:

• Cash management: get real-time insights into your cash positions and maintain a clear view of your financial health.
• Payments: enhance efficiency by streamlining and optimizing your payment processes.
• Cash flow forecasting: Develop liquidity plans and simulate different scenarios to anticipate future cash flow trends.

Summary of Atlar

With Atlar you access cash flow software that covers basic needs. It simplifies cash flow management and forecasting, ensuring you stay on top of the essentials.

Summary: The 6 best cash flow software

We’ve assessed the top six cash flow software options, comparing them against key criteria. Each solution offers unique advantages and drawbacks. To assist you in making a well-informed decision, we’ve developed a straightforward comparison table highlighting these insights.

Our selection includes a diverse array of options, catering to both high-end needs and everyday simplicity. Some software delivers a wealth of advanced features but may involve a more intensive onboarding process and a steeper learning curve. On the other hand, other solutions are crafted for effortless setup and immediate use, offering essential cash flow management with an intuitive interface.

We might be a bit biased, but we believe you’ll appreciate working with re:cap Insights for these reasons:

• Transparent pricing: enjoy straightforward, upfront pricing with a 14-day free trial to explore our software risk-free.
• User-friendly interface: experience effortless navigation with our intuitive design, crafted for ease of use.
• Seamless onboarding: connect your data sources and start utilizing the software instantly – no lengthy setup is required.
• Comprehensive forecasting: model different cash scenarios and stress test your business to see how certain metrics develop under pressure.
• Unified account overview: monitor all your bank accounts, balances, and transactions in one place, featuring accurate bank transaction tagging with a 97% success rate.
• Financing opportunities: you can not only manage your cash flow with re:cap but also explore re:cap funding to finance your business.

Discover more about our offerings on our product pages. For additional information, visit our FAQs or reach out to us directly.