Overview of 6 financial planning software providers

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

Comparison: The 6 best financial planning software in 2024

If you're looking for a swift comparison of financial planning software providers, including their pricing and features, we've got you covered. Our handy comparison spreadsheet is designed to help you make informed decisions or easily share insights with your team and management. It showcases a comparison of the top financial planning software options currently available. Please note: The information is accurate as of September 18, 2024. Please let us know if you spot a mistake.

What you should consider when choosing financial planning software

Effective financial planning software should do more than just showcase fancy features. It should deliver tangible benefits that extend beyond basic data collection and visualization. To help you find the right tool for your needs, consider these key questions before making your purchase.

For what purpose do I need the financial planning software?

All financial planning software comes with its own set of capabilities. Some are designed for large, well-established companies with complex structures, while others are tailored for startups, where liquidity and cash management are often handled by the founders themselves. To make the right choice, consider how you plan to use the software. Evaluate whether the features align with your needs or if you require a solution with a broader or more specialized scope.

How complex are onboarding and maintenance?

Software that takes weeks or even months to onboard, like Agicap and Atlar, which can require 2-3 months, and demands extensive effort to maintain and update is not what you need. You should expect a solution where data sources connect in minutes and continue to operate seamlessly. Ensure your data integration is quick, accurate, and fully automated, so you can focus on what matters most.

Do I need all the features that the financial planning software offers?

Typically, the more features software offers, the higher the price tag. A free trial allows you to assess whether you need all the available functionalities or if the solution might be more extensive than necessary for your needs. Ideally, you should avoid spending thousands of euros on software when you’re only using a fraction of its features.

How is data quality ensured?

The best financial planning software is only as good as its data accuracy. To be truly effective, the solution must accurately classify transactions and handle data cleansing, validation, and enrichment seamlessly. Without these capabilities, even the top software is rendered ineffective.

What is the best financial planning software?

1. re:cap Insights

re:cap Insights is a financial planning tool designed to help you strategically plan, manage, and optimize your liquidity. Ideal for startups, scaleups, and small to medium-sized businesses, it offers targeted solutions to meet your financial needs.

The software provides a real-time snapshot of all your cash positions, consolidating your bank accounts into a single, intuitive dashboard. Incoming and outgoing payments are automatically categorized with a 97% accuracy in data quality. You’ll have easy access to crucial financial metrics for management, team, and investor reports. Additionally, you can proactively plan your liquidity and explore various scenarios on your own.

re:cap Pricing

re:cap Insights offers three tailored plans to fit your needs: Basic, Insights, and Funding & Insights (All Insights plus access to re:cap funding). Plus, you can try out the software for free with our 14-day trial. Find further information on our pricing page.

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

A quick note: re:cap Insights stands out as one of the few financial planning tools that lets you invite an unlimited number of users and link an unlimited number of bank accounts – no matter which plan you choose.

re:cap Features 

Liquidity Management

re:cap's liquidity management covers the following areas:

• Cash flow statement: automatically categorizes all transactions, ensuring accurate allocation of incoming and outgoing payments.
• Profitability and financial health: provides real-time insights into your profitability and unit economics.
• Runway analysis: monitors cash burn and runway to keep you informed of your financial health.
• Consolidation: enables liquidity analysis across different levels and companies.
• Plan vs. Actuals comparisons: allows you to measure your business plan figures against actual performance.
• Bank connections: access over 14,000 bank accounts for seamless integration.

Liquidity Forecast

Liquidity planning covers different areas which are important for financial planning. You can develop a liquidity plan using historical data and adjust parameters manually. This helps you evaluate how significant decisions, such as new hires, major expenses, or mergers and acquisitions, impact your cash flow. 

You can perform stress tests to see how key metrics behave under pressure, enabling you to pinpoint critical areas for your financial strategy. 

You’re able to simulate the effects of debt or equity investments on your financial planning and liquidity to better understand their impact on your overall financial health.

Reporting

You get the most important financial figures  and use them for your reports:

• Complete insights: get comprehensive financial metrics by integrating banking, revenue, and accounting data for a full view of liquidity, customers, profitability, and financial health.
• Accurate data: provide your management with up-to-date, reliable financial information and answer any finance-related question.
• Efficient reporting: focus on key metrics to deliver investor-ready reports, reducing time spent on manual work.
• Financial precision: track revenue, costs, cash flow, and balances to ensure 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 a clear, real-time view of your account movements and cash balance with our automatic and transparent system. Everything related to your cash flow is consolidated in one accessible place.
• Monitor crucial financial metrics – company-wide or per entity – so you can keep management and investors informed about key figures such as burn rate, sales growth, and cash reserves at any time.
• Identify potential savings opportunities to cut costs effectively. Stay on top of your budget and take corrective actions when deviations occur.
• Utilize Plan vs. Actuals analysis to refine your budget planning and improve accuracy.
• Enhance your liquidity planning by forecasting different scenarios, allowing you to model and better understand future developments.
• Conduct liquidity stress tests to evaluate their impact on various areas of your business.

Summary re:cap Insights

re:cap Insights is your go-to financial planning software for comprehensive liquidity planning and cash management. It empowers you to create detailed reports for various stakeholders, plan liquidity proactively, and build custom cash scenarios – all for €39 per month.

2. Microsoft Excel

For over 30 years, start-ups, SMEs, and large corporations alike have relied on Microsoft Excel. With the tool, you can do calculations, evaluate results, and create charts. Consequently, Excel can also serve as a solution for financial planning.

Microsoft Excel pricing

With Excel, you have two options: Excel as a standalone product and Excel within the Microsoft 365 product world.

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

What do companies use Microsoft Excel for?

Excel is a program widely used in companies for liquidity and financial planning, tracking payments, and monitoring budgets. However, it has notable limitations when it comes to effective cash flow management.

Excel requires manual input, which poses significant challenges for financial planning. It lacks key features designed specifically for financial management, such as automatic data source integration. This means maintaining account balances is not only time-consuming but also prone to errors. Additionally, Excel doesn’t provide real-time updates on account balances, complicating liquidity planning and forecasting. Data must be updated manually, which risks losing previous information from different scenarios. These limitations make Excel less suitable as a comprehensive financial planning tool.

Summary of Microsoft Excel

Excel can be adequate for straightforward financial planning when you have just one account and a few transactions. But as your needs grow more complex, Excel’s limitations become apparent. Modern financial planning software provides advanced features and greater efficiency, making it better suited to handle comprehensive cash management requirements.

3. Agicap

Agicap offers robust financial planning software tailored for medium-sized and large businesses. With the tool, you gain access to an extensive range of features for managing your finances. This includes cash management, supplier payments, expense and receivables management, and liquidity planning.

Agicap pricing

Agicap’s pricing is determined by factors such as the number of companies and bank accounts you manage, as well as your company’s revenue. You’ll receive a quote based on these details. However, the precise cost is not immediately clear. To access the financial planning features, you’ll need to subscribe to the full platform. 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 financial planning tools, designed to streamline and enhance your financial management:

• Liquidity management: monitor and manage your liquidity from one platform.
• Liquidity planning: build forecasts and scenarios to plan for your financial future.
• Bank and ERP Integration: seamlessly connect your accounts and ERP systems for financial oversight.
• Expense management: handles orders, processes invoices, manages payments, and oversees company cards.
• Receivables management: track outstanding receivables and refine your payment terms to optimize cash flow.

Summary of Agicap

Agicap offers a comprehensive liquidity management solution that addresses a variety of use cases. However, it's worth noting that you can only access the full platform with all of its features – which is reflected in higher pricing.

4. Tidely

Tidely is a financial planning solution designed for both SMEs and large enterprises. It provides real-time financial oversight and liquidity management. With Tidely, you get access to a dashboard, cash flow forecasts, scenario planning tools, and detailed reporting.

Tidely pricing

Tidely’s pricing is based on your company’s size, the number of users, and bank accounts. They offer four plans: Starter, Professional, Business, and Enterprise. However, the Starter and Professional plans come with notable limitations, allowing just 1 and 5 bank accounts, and 1 and 2 users, respectively. Tidely does offer 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 financial planning software offers a suite of features. Here’s what you can expect:

• Liquidity overview and control: get a snapshot of your financial situation with all your data consolidated on one platform.
• Liquidity planning: plan your cash flow and explore various scenarios to see how your liquidity might evolve.
• Reporting: easily generate and share detailed reports with your team or other stakeholders in your company.
• Team and company management: manage cash flow across different teams, structures, and business units.
• Transaction and invoice management: connect your bank accounts and ERP systems for efficient transaction and invoice handling.

Summary Tidely

With Tidely, you gain access to financial planning software designed to streamline and enhance your cash management tasks.

5. Commitly

Commitly is a financial planning tool designed to give you a clear overview of your cash flow and manage your business’s financial health. Its key feature, financial forecasting, supports effective liquidity planning. Commitly is tailored for SMEs and startups.

Commitly pricing

Commitly’s pricing is influenced by factors such as 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.

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• 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 offers a range of features to help you manage your cash flow and plan your liquidity effectively, including:

• Bank and ERP Integration: seamlessly connect your bank accounts and ERP systems with Commitly.
• Liquidity overview: gain a daily snapshot of your cash flow, tracking both inflows and outflows.
• Liquidity planning: simulate different scenarios to forecast how your cash flow will evolve.

Summary Commitly

Commitly is a financial planning tool designed to give you a clear view of your cash flow and key metrics. Its emphasis on forecasting allows for precise planning and the ability to model various scenarios effectively.

6. Atlar

Atlar is a financial planning software designed for cash management, payment processing, and cash flow forecasting. It caters to medium-sized to large companies and enterprise clients.

Atlar pricing

Pricing for Atlar varies based on company size and selected features. After inquiring, you’ll receive a customized quote. Atlar offers three plans: Essential, Professional, and Enterprise. Note that prices are not publicly available, and a free trial is not offered. According to Atlar, implementation typically takes 2-3 months.

What companies use Atlar for

Atlar's financial planning software offers a range of applications, including:

• Cash management: monitor your cash positions in real-time and get a clear overview of your financial status.
• Payments: streamline and optimize your payment processes for greater efficiency.
• Cash flow forecasting: model liquidity planning and explore various scenarios to project future cash flow trends.

Summary of Atlar

Atlar is a financial planning software that allows you to cover the basic areas of cash management.

Summary: The 6 best financial planning software

We’ve evaluated the top six financial planning software options and compared them across various criteria. Each solution has its own set of strengths and weaknesses. To help you make an informed choice, we’ve created a clear and concise comparison table.

The selection spans a range of options, from comprehensive, high-end solutions to user-friendly, straightforward tools. Some software offers extensive features but may require significant onboarding and a steeper learning curve. Conversely, other options are designed for quick setup and ease of use, providing essential cash flow management capabilities 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 clear, upfront pricing with the option to try the software free for 14 days before committing.
• User-friendly interface: navigate effortlessly with an intuitive design that’s easy to use.
• Seamless onboarding: connect your data sources and start using the software immediately – no lengthy setup is required.
• Comprehensive forecasting: get a complete view of your liquidity. Plan and create custom scenarios with essential tools at your fingertips.
• Overview of all bank accounts and bank transactions in one place, including bank transaction tagging (with 97% success rate)
• Potential access to financing: manage your finances more effectively while also exploring potential financing opportunities.

Take a look at our product pages and find out more about Insights. If you have any further questions, you can find our FAQs here or contact us directly.