Financial planning tools for enterprises
                     FINANCIAL PLANNING TOOLS 
FOR ENTERPRISES
Financial management includes a variety of activities that are fundamental to the daily operations of FP&A teams and 
enterprises. Financial planning is one such procedure. In this area, SMB financial planning software is essential for 
improving and expediting the planning procedure. Financial planning tools for enterprises through the use of 
technology, these software programs enable companies to make the best use of their financial resources and guarantee 
long-term financial stability.
They include forecasting, budgeting, and performance tracking skills, enabling SMBs to make well-informed decisions 
and spur expansion. Ultimately, the strategic implementation of financial planning software empowers businesses and 
FP&A teams to manage their finances, make informed decisions, and work towards achieving their financial objectives. 
We will concentrate on financial planning software for SMBs in this piece.
Why is financial planning so important?
Planning procedures are essential for firms because they offer a framework to set financial goals and objectives, direct 
decision-making, and guarantee strategic direction. By evaluating existing financial resources and maximizing their use 
to support a range of activities, it assists firms in allocating them efficiently. 
To help groups predict revenue and costs, prepare for cash flow needs, identify possible risks and opportunities, and 
create budgets and estimate future scenarios, financial planning is also necessary. Businesses may efficiently manage 
financial risks, create backup plans, and make well-informed choices by performing risk analysis and scenario modeling.
Financial planning also enables companies to monitor key performance indicators, assess their financial performance, 
pinpoint chances at development, and make goal-based choices. It is essential for figuring out capital requirements, 
analyzing investment possibilities, and determining financial feasibility. 
Additionally, financial planning makes it easier to communicate openly with stakeholders, which builds trust and 
confidence. In conclusion, thorough financial planning improves a company's long-term growth, profitability, and 
financial stability.
The Best 12 FP&A Resources for Your Business
It might be difficult to choose the best FP&A solution for your company because there are so many available. To help you decide, we 
have carefully selected the best options and provided details on their features, benefits, drawbacks, costs, and customer reviews. 
Remember that you may complete your financial responsibilities with free programs like Sheets or Excel. Start by utilizing the free 
FP&A spreadsheet template from Cledara.
1. Microsoft Dynamics
Microsoft Dynamics is basically a customer relationship management and accounting program. Even though those are their primary 
selling points, they have consistently added modules to serve more use cases. One of these is a finance module that they have created 
to enable companies to effectively and proactively handle their financial operations. Organizations get the tools they need to manage 
their finances efficiently through real-time insight, smooth connections, and smart forecasting capabilities.
2. Appropriate Capital
In 2023, Right Capital's market share increased from 12% in 2022 to almost 16%. Created in 2015, it is a relatively young business that 
mostly serves millennial consumers in need of budgeting assistance. Right Capital was founded to provide a compromise between 
solutions that are too simple to be of much value to customers and those that are too complex with information they don't need. 
Additionally, it comes with Snapshot, which offers clients customized plans; Right Pay, an integrated client billing system; and Right 
Intel, an integrated business intelligence tool.
3. The Money Guide Pro
Money Guide Pro is the most popular collection of applications in this field, with about one-third of the market share of users of 
financial advisors in 2023. One The platform seeks to make it easier to collect data about clients, examine their financial situation, and 
create plans to assist them in achieving their objectives. Money Guide Pro's capacity to produce "what-if" scenarios is one of its 
noteworthy features. 
Advisors can alter factors like inflation rates, investment returns, and retirement age to show how they can affect a client's long-term 
financial situation. Clients are able to make better judgments by using this active technique, which also helps them understand the 
effects of their choices.
4. eMoney Plus
A comprehensive tool, eMoney is renowned for its detailed assessments of cash flow. In 2023, eMoney Pro's market 
share was around 28%. 3. The financial feed, which offers real-time statistics, alerts, and headlines, is one of eMoney's
 most notable features. 
This functionality will help you remain up to date on client portfolios throughout the day. Another significant feature is 
eMoney's client site, emX. This function gives customers safe access to a financial summary at any moment. eMoney 
provides various stand-alone products in addition to its flagship offering.
5. The Asset Map
In 2023, Asset-Map's market share was a little less than 5%. It is helpful for financial advisors who want to communicate 
with their clients more successfully. It makes tracking progress toward financial objectives and making home finances 
easy and obvious for customers by using a visual approach.
How Could AI Be Used by Financial Advisors?
Artificial intelligence (AI)-powered tools may be able to automate repetitive processes like data input, portfolio 
rebalancing, and compliance monitoring, freeing up advisors to concentrate on more strategic endeavors and client 
meetings.
 AI, for instance, may examine vast amounts of data to find patterns and offer insights that assist advisers in making 
better investing choices. Additionally, AI can assist advisers in customizing their suggestions for each customer by 
examining their preferences.
How Does Cybersecurity Affect the Tools Used by Financial Advisors?
The danger of cyberattacks and data breaches is high since financial advisers rely on digital systems to handle client data 
and complete transactions. Any platforms and apps advisers use must have strong cybersecurity safeguards. Advisors 
must also abide by cybersecurity and data protection laws, such as the General Data Protection Regulation.