Learn about the main types of financial management software

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Being financially independent is one of the main goals of every business and an efficient management software consultant will help you reach that level.

On the one hand, companies must always consider the potential consequences of their decisions to control profits, cash flow and the financial condition of the enterprise. 

In return, you can make more accurate business decisions powered by rich data and increasingly powerful artificial intelligence.

This is just one example of why this technology is critical to your business. See below what financial management software is and check out 8 systems that can help you adapt to new market opportunities and needs.

    What is financial management software?

    This solution makes it possible to management financial aspects of a business, such as cash flow, budgets, inflows and outflows. 

    In addition, the management system is used to monitor and manage your income, expenses and assets, both to reduce costs, maximize profits and ensure sustainability. An effective management system can:

    • improve short- and long-term business performance;
    • simplify billing and billing of accounts;
    • eliminate accounting errors, minimize record-keeping redundancy;
    • ensure compliance with tax and accounting regulations;
    • help employees quantify budget plans;
    • provide flexibility and scalability to adapt to change and growth;
    • among many other advantages.

    Why invest in financial management?

    a base accounting Reliability is essential for the development of your company and financial management software offers, at the lowest cost, many possibilities and opportunities for the exponential growth of your business.

    In addition to helping you reduce human error, it also allows you to gain valuable business information to plan more effectively, generate sales forecasts for the next quarter, identify the least profitable service, and determine which items are over-stocked.

    In short, financial management software enhances business decision making and sets the stage for monetary autonomy as the company goes through the natural development process.

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    What is the best financial management software? Discover the top 9

    Get to know some of the main financial management software and see which best fits your company's reality.

    1. Industrial ERP Nomus

    O Industrial ERP Name is an ERP system specialized in industries, especially small and medium-sized Brazilian factories. This is because the tool was designed by production engineers and is capable of meeting the most complex demands of industrial management.

    The objective of Nomus is to provide total control of industry processes, facilitating the identification of improvement opportunities and providing reliable inputs for a more accurate decision-making by the board. 

    In financial and cost management, the industry can benefit from several features, such as: Requests for quotation, Commercial proposals, Sales orders, NF-e, Taxation rules, Price tables, Sales commissions, Accounts receivable and Payable, Bank Transfers, Bank Reconciliation, Financial EDI, Cash Flow, Bank slips with registration and integration with Mercos sales force.

    2. Blue Account

    A Blue bill promises to simplify complex processes, transform data into intelligence and increase the performance of companies, helping with the organization of finances and making the best decisions for your business. 

    With this software management financial position, there are no uncertainties about the control of your company. It centralizes everything in a single system, such as accounts receivable, collection slip, managerial DRE, inventory management, issuance of bills and invoices, and much more to simplify cash flow, financial and sales control.

    This will provide a broader view of all parts of the enterprise, enabling issues to be anticipated and resolved. Keeping your company's financial health, you can increase the success of business.

    3. Omit

    A omit operates from financial control to the issuance of electronic invoices and bills. All simple, intuitive and efficient.

    In the midst of a vast ecosystem of products, this software features the G-Click solution that helps accounting firms be more productive, automating all day-to-day tasks, managing and channeling all communication between the internal team and clients.

    It also has several processes that can be automated, such as control of customer credit limits, integration with accounting, calculation of sales commissions, analysis of receipts, account reconciliation and import of bank statements.

    4. Click Management

    To master the main processes your business and concentrate all essential controls in one place, ManagementClick it is a good option.

    By optimizing your routine with the ERP (enterprise resource planning), it allows efficient financial control, stock organization, control of inputs and outputs, sales and budgeting in a simplified way, issuance and control of NF-e, NFC-e and NFS-e of automated way, among other features.

    In addition, you can access it from anywhere, as it is 100% online. In parallel, it is also possible to reduce costs both in hiring and in system maintenance, with end-to-end encryption (SSL) security, and increase your revenue.

    5. Sankhya

    Pioneering the launch of the first virtual assistant on the ERP market in 2017, BIA, the sankhya uses highly innovative artificial intelligence (AI) technology to help managers predict the future and optimize business processes.

    With a focus on the service, retail, wholesale and distributor, industry and agribusiness segments, the functions of this software range from inventory acquisition and control, cash flow, delay control, to financial and operational cycle, NF-e / SAT, NFC -e /NFS-e, among others.

    In 2019, the company was also a forerunner by announcing a collaboration platform based on the EIP (Enterprise Intelligence Platform) concept, which connects its data with the market, performs predictive analysis based on user behavior, orchestrates strategies and directs the base. management in applications.

    6. My Money

    O My money brings a system for online financial control, complete and easy to use, both for micro and Small business. Its manager has a range of features, such as allowing the projection of cash flow and future results from accounts payable and receivable or from defined goals.

    It also provides email reminders when bills are due, track balances through smart banking, as well as set income and expense targets, manage your company's cost centers to find out which products, industries or services are affecting plus the results, among others.

    Finally, the software has individual logins and passwords for all users and audited transactions, showing who, where, when each operation was performed, accounting integration, automatic issuance of receipts and more.

    7. Seniors

    This is an ERP system suitable for small and medium-sized companies due to its versatility that combines different types of resources to serve a series of segments such as: retail, agribusiness, civil and heavy construction, logistics, supermarket and more!

    O Senior aims to deliver efficiency to your company for a more agile, assertive and strategic management in order to enhance results, giving more control and productivity in the execution of processes, giving more visibility to operations, with the help of artificial intelligence that allows interaction through Google Assistant. 

    Thus, it promises to provide better customer experiences through wiipo's receivables management, which simplifies the collection process, as well as optimizing your company's service planning by selecting the appropriate resources and inputs at all stages, automating processes, reduce storage costs, facilitate supplies and ensure the security and integrity of information.

    8. Nibo

    Subsequently, the nibo presents itself as a company whose purpose is to simplify the lives of other businesses and accountants with tools simple, intuitive and organized. In this sense, it can help you make informed decisions, increase the accuracy of your forecasts and the understanding of how the business works to allow for the continuity of its expansion.

    This makes it a good choice for tracking cash flow, organizing accounts payable and receivable, and automating your company's collections. After all, it allows all of this in an integrated way, in addition to providing control over corporate financial health with the Monitoring Panel.

    Operational work can also be reduced with Auto Import, while productivity is expanded with Billing Center and the integration of Nibo's financial management software.

    Accountants are still able to count on a complete platform for customer relationships, control of accounting obligations and task control for accounting companies that seek tranquility and security.

    9. TOTVS – Protheus Line

    The last item on our list is a complete and robust solution, capable of meeting the needs and enhancing business results of all segments, from agribusiness to the service sector.

    A Protheus line allows the contracting of the complete management system, or some modules, such as the functionalities linked to sales and billing, purchases and inventory, accounting and tax movements

    In addition to offering organization and intelligence for your business finances, the financial module has basic functions such as cash flow, banking automation, accounts payable and receivable, applications and loans, treasury and much more.

    It is a solution that can be transformative for the productivity of the company's financial sector and has modules that automate administrative processes and centralize operational information, maximizing the efficiency of the management.

    This article helped you to better understand the importance of a financial management software in decision-making and business administration optimization? Did you like the alternatives listed to expand your corporate operations? So don't forget to share this content on your social networks.

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