Next-Gen Financial Planning Tools for CFOs

By Emily Pribanic - Published on June 28, 2018
next-gen financial planning tools for cfos

Are you using the best financial planning tools to benefit your company?

With the proper financial planning tool in your arsenal, your efforts as the CFO of your company will be more effective.

As the CFO of your company, it has never been easier to manage and automate finances. Thanks to the emerging trend of next-gen financial planning tools, you can now manage your company’s finances more easily and there are even many free financial planning tools available to help you get started with better financial planning practices.

Before you begin to search for the best financial planning tools to help your company become more successful, it’s essential to understand what type of tools you should look for. One important financial planning tool that will help improve your company is budgeting software. This software will help you organize money coming in, as well as help you determine where money needs to go in the organization. An effective budgeting software will give you more control over expenses while helping you plan better.

Another important financial planning tool to look at is a calculator that can handle complex equations. It is essential that you choose a calculator that can help you figure out accrued interest and how much money should be set aside for inevitable emergencies or expenses. Also, incorporating a financial planner into your arsenal of tools is very beneficial. An effective financial planner tool will help you determine the best investments for your company and will also give you ideas of better ways to spend and save money to help protect the company better. An online financial planner tool can be very beneficial and meet your financial planning needs.

When looking at effective financial planning tools to implement into your planning efforts, it is essential to understand the ease of input and flexibility of the tool. How easy it is to use the tool you choose will affect everything from the amount of time it takes you to input client data to the

learning curve for you to get up to speed on how to use the tool. Also, when looking for an effective financial planning software, it is important to understand the output process of the software as well.

Here are some of the best financial planning tools on the market to help you improve your financial planning efforts as your company’s CFO.

MoneyGuidePro- This market leader in financial planning software offers robust features that benefit not only large-firm enterprises but independent advisors as well. This software puts a strong focus on client experience and was one of the first software platforms to operate from the cloud.

eMoney Advisor- This financial planning software is known for having the leading client PFM portal. This software offers interactive capabilities that allow users to conduct live, collaborative financial planning.

Finance Logix- This software is capable of tracking client cash flows and offers a strongly interactive and collaborative client interface with a broad set of advisor and client tools and integrations.

GoalGami Pro- This financial planning software offers a simple planning process with streamlined data entry to quickly reach basic financial planning projections and results.

InStream Solutions- This goals-based platform focuses on not just the upfront financial planning process but tracking and monitoring client plans over time and allows advisors to set alerts to inform them when something notable has occurred.

Financial planning software today offers more improved reporting and analytics than ever before. With the help of next-gen financial planning tools, your job as your company’s CFO just got easier.

Emily Pribanic | Emily is a graduate of the University of North Texas. She has her B.A. in Advertising with a concentration in Copywriting. Emily has been writing since she was young and has a creative imagination. She lives in Dallas, Texas with her family and two cats.

Emily Pribanic | Emily is a graduate of the University of North Texas. She has her B.A. in Advertising with a concentration in Copywriting. Emily has been writing s...

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