Compare and test: 10 financial planning software

re:cap

re:cap 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 best thing: you not only can plan your financials and see where you need additional cash, you can directly get funding via re:cap. All within one platform.

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 98% 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

With re:cap, you can choose between different products. You don't have to pay for the entire platform. re:cap offers Liquidity Analysis, Accounting Automation, and Debt Funding. Access to the platform and your key financial metrics is always for free. With the free trial, you can test re:cap for 14 days before making a decision. You can find all the information on our pricing page.

• Liquidity Analysis: starting at €39 per month
• Accounting Automation: Beta phase
• Debt Funding: Individual prices

re:cap 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 for?

When we ask our customers, they use re:cap 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

re:cap helps you with your financial planning, forecasting 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.

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.

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.

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.

• Basic: €45.83 per month (annual billing)
  • Bank account connections: 1
  • Number of users: 1
• Professional: €70.83 per month (annual billing)
  • Bank account connections: 3
  • Number of users: 5
• Business: €120.83 per month (annual billing)
  • Online accounts: 8
  • Number of users: 8

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 & ERP Integrations: connect all your banks and relevant systems for seamless financial management.
• Cash Flow Monitoring: stay up-to-date with a real-time overview of your cash position.
• Cash Flow Planning & Scenarios: create simple yet professional plans and run scenarios for better decision-making.
• Controlling & Status Insights: access variance analyses, status overviews, and detailed development reports.
• Accounts Receivables/Payables Management: centralize and streamline the tracking of open items.
• Consolidation for Groups of Companies: view all companies, banks, and bank accounts at a glance for easy consolidation.
• Team Collaboration: assign roles, set permissions, and manage approvals down to the category level.

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.

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.

Finban

Finban is a financial planning software tailored for agencies, SMEs, startups, and SaaS companies. Powered by finbot, a smart personal assistant, the platform delivers intelligent insights. finbot automatically analyzes your data, generates customized reports, provides actionable recommendations, and notifies users of irregularities or potential concerns.

Finban pricing

Finban offers three pricing plans, each with a 14-day free trial and the flexibility to upgrade at any time. All prices are exclusive of VAT. The number of bank connections and users varies depending on the plan.

• Starter Plan
  • Monthly payment: €35 per month
  • Annual payment: €26.25 per month
  • 1 bank connection
  • 1 user

• Business Plan
  • Monthly payment: €65 per month
  • Annual payment: €48.75 per month
  • 3 bank connections
  • 5 users

• Professional Plan
  • Monthly payment: €120 per month
  • Annual payment: €90 per month
  • 10 bank connections
  • 10 users

Key features

Finban offers streamlined cash flow and financial forecasting for companies and founders. It helps answer key questions like: What happens if we don’t acquire new customers? Can we hire new employees? How will tax payments impact our business? Key features include:

• Liquidity Planning
• Scenarios & Forecasting
• Budget Planning
• Analytics & Reporting
• Personnel Planning

Summary Finban

Finban is a financial planning software designed to assist agencies, SMEs, startups, and SaaS companies. It leverages finbot, a smart personal assistant, to automatically analyze data, generate customized reports, provide actionable insights, and notify users of potential concerns. The platform offers flexible pricing plans with a 14-day free trial and the option to upgrade. Its features include cash flow management, scenario planning, budget planning, analytics, and personnel forecasting.

Trovata

Trovata is a cash management platform that helps large companies and corporations automate their cash flow processes. It centralizes multi-bank data and provides a dashboard for liquidity management. With features like automated cash flow analysis, forecasting, and real-time insights, it simplifies financial oversight.

Trovata pricing

Trovata’s pricing is tailored to a company’s size and needs. The base package costs €24,000 per year and includes:

• Up to 10 users
• Up to 100 data connections
• Up to 1 million transactions

What companies use Trovata for

Trovata helps businesses optimize cash flow and improve financial transparency. It consolidates data from multiple bank accounts, automates reporting, and delivers accurate cash flow forecasts. This enables better financial decisions and early detection of potential liquidity gaps.

Key features

• Cash Flow Analysis: automated tracking of cash movements to identify trends and patterns.
• Cash Forecasting: accurate projections based on historical data and real-time trends.
• Cash Positioning: a single view of all financial data and metrics.
• Cash Reporting: generates reports without manual effort.
• Multi-Bank Integration: combines data from multiple accounts for a comprehensive financial overview.

Summary Trovata

Trovata is built for enterprises managing cash across multiple entities and jurisdictions. It streamlines cash management with automation, real-time insights, and centralized control. This helps businesses stay ahead of financial risks.

Helu

Helu is a cash flow software designed for startups and small to mid-sized businesses. It integrates seamlessly with DATEV and specializes in real-time financial reporting.

Helu pricing

Essentials Plan:

• 1 user
• 3 reports
• 3 pivot tables
• 3 exports per month

Premium Plan:

• 3 users
• 10 reports
• 10 pivot tables
• 10 exports per month

Professional Plan:

• 10 users
• 30 reports
• 30 pivot tables
• 30 exports per month

Enterprise Plan:

• Custom solutions

What companies use Helu for

Helu helps companies analyze financial data, plan budgets, and improve team collaboration. It provides reporting tools, forecasting capabilities, and an integrated approach to financial management.

Key features

• Analysis: Visualization and interpretation of financial data.
• Planning: Budgeting and forecasting to support financial decision-making.
• Collaboration: Shared report creation and editing for better teamwork.
• Consolidation: Integration of financial data from various sources for a comprehensive overview.
• DATEV Integration: Automated data exchange with DATEV.

Summary Helu

Helu streamlines financial reporting by automating data consolidation and report generation. It simplifies collaboration across teams and reduces the time spent on financial reporting.

Embat

Embat is a cash flow software designed for mid-sized and large companies looking to automate and streamline their financial processes. The platform connects to bank accounts in real time, allowing users to manage cash flow, debt, and forecasts.

Embat pricing

Embat offers three pricing plans: Starter, Professional, and Enterprise. Pricing details are not publicly available. Contact the sales team for a quote.

What companies use Embat for

Companies use Embat to digitize treasury processes, gain real-time financial insights, and reduce manual tasks. The software visualizes cash flow, automates reporting, and generates liquidity forecasts.

Key features

• Real-Time Bank Connectivity: access financial data from over 13,000 institutions worldwide.
• Cash Flow Forecasting: short-, mid-, and long-term liquidity planning.
• Automated Accounting: AI-driven processes for bookkeeping and reconciliations.
• Centralized Payment Management: handle all payments from a single platform.
• Custom Reports & KPIs: tailored analytics for better decision-making.

Summary Embat

Embat is a comprehensive cash management tool that supports businesses in all key financial operations.

Nomentia

Nomentia is a software solution for managing payments, liquidity, and treasury operations. It is designed primarily for large enterprises. With Nomentia, you can centrally monitor and manage liquidity, improving financial transparency and decision-making.

Nomentia pricing

There is no publicly available pricing information for Nomentia.

What do companies use Nomentia for?

The platform provides tools for managing bank accounts, analyzing bank fees, and forecasting cash flow.

Key features

• Payment Hub: centralizes and controls all corporate payment flows.
• Liquidity Management: monitors and manages group-wide liquidity in one place.
• Cash Flow Forecasting: generates accurate predictions by consolidating data and using AI.
• Bank Account Management: centrally manages and monitors all corporate bank accounts.
• Treasury Reporting: compiles treasury reports using data from various systems and banks.

Summary Nomentia

Nomentia is a comprehensive liquidity and treasury management solution that helps businesses streamline payment and liquidity processes.

Summary: Financial planning software

We’ve evaluated the top ten 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.

Q&A: Financial planning software

What is financial planning software?

Financial planning software helps companies manage budgets, forecast cash flow, plan investments, and track financial performance. It automates calculations, provides real-time insights, and supports better decision-making.

What is financial planning?

Financial planning is the process of setting financial goals, analyzing current finances, and creating a strategy to achieve those goals. It includes budgeting, saving, investing, forecasting, and managing risk.

How do I do financial planning?

Start by assessing your current financial position: income, expenses, assets, and liabilities. Set clear goals (e.g. save for growth, reduce debt), build a realistic budget, forecast future cash flow, and regularly review your progress. Tools like financial planning software can make this process easier and more accurate.

What is the best software for financial management?

The best financial management software is one that fits your specific needs: managing a personal budget, running a startup, or overseeing finances at a larger company. Key features to look for include real-time cash flow tracking, budgeting and forecasting tools, customizable reporting, and integration with your existing accounting systems or bank accounts. Scalability, ease of use, and the ability to support strategic planning (like scenario modeling or funding analysis) are also important. Ultimately, the right solution should help you gain clarity, stay agile, and make informed financial decisions.