16 best cash flow software for busy FP&A teams in 2024

While you can’t anticipate lost business or unexpected invoices, when it comes to cash flow you can have a plan in place.

When you know how to optimize your cash flow with cash flow software, you are setting yourself up for a sustainable, profitable future.

What is cash flow management?

Cash flow management monitors, analyzes, and optimizes the amount of cash and cash equivalents being transferred in and out of a company, also known as cash inflows and cash outflows.

Why is cash flow management important?

Cash flow management gives you the tools and resources you need to manage your working capital and liquidity and optimize your cash, so you can pay your operating expenses and drive growth for your business.

Examples of operating expenses include:

• Rent and utilities
• Payroll
• Inventory expenses
• Insurance expenses
• Debt payments or interest on loans
• Interest and bank charges
• Business tax and fees
• Maintenance and repairs

What’s the difference between cash flow management vs cash flow forecasting?

Cash flow management tracks the current state of money in and out of your business. Cash flow forecasting estimates your company’s future financial position based on anticipated cash flows and balances.

What is cash flow software?

Cash flow software helps businesses manage, track, and forecast current, past, and future cash flow. Cash flow software automates your cash flow planning, visualizes your data so you can see fluctuations and gaps, and supports multi-year planning with templates for easy reporting.

Responsibilities of cash flow software

Cash flow software has three core components:

1. Cash flow management: Track the flow of your cash in and out of your business.
2. Cash flow forecasting: Look ahead to anticipate your cash flows and balances.
3. Cash flow reporting: Cash flow statements that summarize the cash and cash equivalents moving in and out of your business

Benefits of cash flow software tools

Cash flow software like Prophix allows you to understand and forecast your cash flows with confidence so you can appropriately allocate your resources, manage your capital, and measure how you use your cash so you can remain profitable.

Let’s look at three benefits of cash flow software in more detail.

Save time and money

Time is money. Cash flow software automates your cash flow processes like cash flow management, forecasting, and reporting, so you can make business decisions in real-time.

Routinely evaluate your financial performance

Cash is the pulse of your business, so it must be continually monitored. Cash flow software helps you measure your performance against your business strategy with data and reporting, so you can modify plans and identify opportunities or risks in real-time.

Financial stability

Business leaders don’t want to be taken by surprise when it comes to cash. Proactively manage your cash so you know where you stack up in the present day and can anticipate where you’ll be in the short- or long-term.

The 16 best cash flow software for busy FP&A teams in 2024

Now that we’ve identified what cash flow software is and why it’s important for business leaders and CFOs, let’s look at the 16 best cash flow software for FP&A teams.

1. Prophix

By improving the speed and accuracy of your decision- making, Prophix’s Financial Performance Platform elevates the talents of finance teams to do their best work. Crush complexity, reduce uncertainty, and illuminate insights with access to best-in-class planning, budgeting, forecasting, reporting, and consolidation functionalities.

With Prophix, finance teams can build their cash budget and set realistic financial goals that support long-term sustainability and level-up the ability to plan for investments, expansion, and operational improvements.

Best for: Prophix is a Financial Performance Platform for the Office of the CFO. The primary cash flow software users are the CFO, director of FP&A, and FP&A analysts. Non-finance users, like operations leaders and executives can also use cash flow management software. 

Features

• Automated workflows for cash flow planning
• Customizable dashboards and reports
• Multi-year cash planning templates
• Full audit trail
• User-based controls
• Line-item details for detailed planning and forecasting
• Built-in modeling and calculation architecture
• Automated projection report distribution
• Built- in security and data access for stakeholders

Integrations

• ERP, CRM, or accounting software like QuickBooks
• Use an API to connect to almost any business system
• Spreadsheets and flat files

Pricing: Pricing varies depending on the number of users, applications, and integrations. Learn more about pricing here.

CTA: Chat with a Prophix expert to learn more.

2. Causal

Causal is a modern planning platform that allows you to build and automate your forecasts, financial models, business plans, and board reports.

Best for: Financial modelers, business teams, and executives at SMBs and enterprise businesses.

Features

• Dynamic, multi-dimensional modeling
• Driver-based scenario planning
• Model version comparison
• Data visualizations
• Multi-currency, multi-entity consolidation
• Custom views and permissions

Integrations:

• QuickBooks
• Xero
• NetSuite

Pricing: Three pricing tiers: Free, Launch, and Growth. The Launch tier offers a free trial and pricing starts at $250/month.

3. Agicap

Agicap is cash flow management software that centralizes your cash flow monitoring.

Best for: Management teams to monitor cash flow and automate supplier invoices and customer follow-ups in five European countries.

Features

• Automate supplier invoice collection and dunning of customer invoices
• Balances at bank, project, subsidiary, or consolidated group level
• Custom dashboards and reports
• Customized customer reminders
• Real-time receivables monitoring

Integrations

• Banks across Europe
• Xero, QuickBooks, NetSuite, Sage, Zoho Books
• Zoho Invoice, Spendesk, Pleo
• Stripe, PayPal
• Spreadsheets and file storage

Pricing: Agicap doesn’t share their pricing online, but they do have a quote calculator. A free trial is also available.

Agicap vs Prophix
Agicap is a specialized solution that is limited to cash flow management. Prophix’s Financial Performance Platform has a suite of applications that address the breadth of needs of the Office of the CFO, including cash flow management.

4. Workday Adaptive Planning

Workday Adaptive Planning helps people gain insights, collaborate, and make smarter decisions, faster.

Best for: Large enterprise teams with complex planning requirements.

Features

• Driver-based plans
• Team-led planning
• Robust reporting
• Linked plans

Integrations

• Integrate with any cloud-based, on-premise, or file-based data source application.

Pricing: Pricing isn’t listed on their website, but there is a free trial available.

Workday Adaptive Planning vs Prophix
Workday Adaptive Planning still requires custom-built sheets with formulas and linkages to handle multi-dimension allocations. Prophix is built to handle multi-dimension allocations in a single step, so users can self-serve without extensive consulting support.

5. SAP Cash Management

SAP Cash Management is a subcomponent of SAP Financial Supply Chain Management. SAP Cash Management is integrated with other SAP components for a full suite of solutions.

Best for: SAP Cash Management is best for FP&A teams in organizations with revenue greater than $2B.

Features

• Directly connect to banks and financial institutions
• Cash and liquidity management
• Centralized in-house cash control
• Comprehensive security solutions to protect sensitive data
• On-premise, cloud, and hybrid deployment

Integrations

• SAP and non-SAP data systems

Pricing: There is no publicly available pricing, but you can request a demo and learn more by speaking to their sales team.

SAP Cash Management vs Prophix
Generally speaking, SAP is primarily focused on its Enterprise Resource Planning (ERP) business. Prophix focuses on simplifying and transforming the key processes that impact finance leaders and their team.

6. PlanGuru

PlanGuru is budgeting, forecasting, and financial analytics software designed to make business planning easier.

Best for: Small businesses, accountants, and not-for-profits.

Features

• Pre-built 3-way forecasting structure
• 20+ standard forecasting methods
• Formula builder to create custom models
• Unlimited # of scenarios
• Notes payable and line of credit tools

Integrations

• QuickBooks, Xero
• Excel files

Pricing: PlanGuru offers a free trial. Additionally, the pricing tiers are based on single entity or multi-department consolidations. Pricing starts at $83 per month.

7. Vena Solutions

Vena leverages the familiarity and flexibility of an Excel interface within the Vena Growth Engine for complete planning integrated with Microsoft Excel.

Best for: Small to medium-sized businesses who use Excel for FP&A.

Features

• Driver-based modeling
• Use existing Excel models and financial statements to configure cash flow statements
• Ad-hoc reporting tools

Integrations

• Cloud-based, on-premise, or local source system files (Excel, CSV)

Pricing: Vena has two pricing tiers – Professional and Complete. Professional is their most popular tier. Full pricing is available if you speak to a Vena specialist.

Vena Solutions vs Prophix

Vena still requires you to do your cash flow management in spreadsheets and integrate them into the platform. Prophix allows you to do your cash flow management and forecasting directly in the platform with an intuitive user interface.

8. Float

Float is cash flow management software that connects to Xero, QuickBooks Online, or FreeAgent data for a real-time view.

Best for: Agencies managing client projects, consulting services, and accountants and bookkeepers who use Xero or QuickBooks.

Features:

• Visual forecasts and scenario plans
• Automatic syncing of data from your systems
• Ability to set thresholds by cash or date

Integrations:

• Xero
• QuickBooks Online
• FreeAgent

Pricing: Float offers three pricing tiers: Essential, Premium, and Enterprise. Their pricing model is based on the number of users and scenarios. Float also offers a 14-day free trial.

Float vs Prophix
Float is designed for cash flow management only. Prophix is a Financial Performance Platform that offers solutions for the entire Office of the CFO, so you can make an investment in a platform that scales with your business needs.

9. Kolleno

Kolleno is a financial operations platform for AR teams to streamline their processes.

Best for: Back-office finance teams looking to customize workflows for accounts receivable, payments, and reconciliation.

Features:

• Automated A/R management
• Customizable collection workflows
• Payments and reconciliation
• Collaborative task management
• Analytics and reporting

Integrations:

• NetSuite
• QuickBooks
• MS Dynamics
• Xero
• Sage
• GoCardless

Pricing: Kolleno offers three pricing tiers based on firm size: small, mid-market, or enterprise. Pricing is available through a quote, but their pricing page offers a breakdown of offerings for each pricing tier too.

Kolleno vs Prophix

Kolleno specializes in AR management, which means finance teams need to use another system to do budgeting, planning, and forecasting. Prophix offers budgeting and planning, reporting, and reconciliation all in one platform for ease of use.

10. Nomentia

Nomentia is a cash and treasury management solution designed for treasurers to put systems and processes in place and become strategic partners at their companies.

Best for: Treasurers across a wide range of industries in Europe.

Features:

• Automatic cash flow data collection from entities, banks, and ERPs
• Variance analysis to compare actuals with forecasts
• Simulate future cash positions based on historical data
• Include balance sheets, P&L, and intercompany reconciliation in forecasts

Integrations:

• Banks using host-to-host, EBICS, SFTP, and SWIFT Alliance Lite2 connectivity
• ERPs
• Treasury management systems
• SAP R3 and S4HANA

Pricing: Nomentia doesn’t offer pricing plans on their website, but you can get in touch to get a quote based on your project scope.

Nomentia vs Prophix

Nomentia offers a specialized cash management solution for companies in Europe. Prophix offers solutions that address the needs of finance teams around the globe.

11. Cube Software

Cube is an FP&A platform that pairs the familiarity of spreadsheets with the control and scale of performance software.

Best for: Cube is best for small businesses and startups.

Features:

• Report customization and flexibility
• Straight-forward, intuitive user interface design
• Automated workflows and report templates
  

Integrations:

• CRM, ERP, HRIS, and BI systems
• Custom connectors
• Flat files
  

Pricing: Cube offers three pricing plans: Essentials, Premium, and Enterprise. Premium is their most popular plan at $2450 per month.

Cube Software vs Prophix

With Cube, you can continue to use Excel spreadsheets or Google Sheets for your cash flow planning, which limits scalability. Prophix integrates your spreadsheets into the platform so you can do your cash flow management in one centralized place.

12. Anaplan

Anaplan is a web-based, enterprise-level modeling and planning platform so you can contextualize real-time performance and forecast future outcomes for faster, confident decisions.

Best for: Enterprise customers with large, complex calculations.

Features:

• Hyperblock™ in-memory calculations engine allows for complex use cases
• Highly customizable and can accommodate multiple use cases
• Self-serve solution with limited training required to use
  

Integrations:

• Run integration scripts for imports and exports
• ELT and ESB tools to integrate with systems of record
• Prebuilt integrations with Microsoft Dynamics 365, Adobe, or Salesforce
• Custom integrations using REST APIs or transactional APIs

Pricing: There are three available pricing plans: Basic, Professional, and Enterprise, but prices aren’t listed on their website.

Anaplan vs Prophix
Anaplan is priced by storage space, for example, how much data is entered by a user, measured by each cell. Prophix is priced by number of users, with no limitation on storage space.

13. Planful

Planful helps businesses drive financial performance so that finance, accounting, and business users can plan confidently, close faster, and report accurately.

Best for: Mid-sized to large organizations with large FP&A teams and functional teams looking to expand their analytics scope beyond finance.

Features:

• Consolidation
• Reporting
• Standard planning

• Scenario planning
• Drill-through and ad hoc analysis

Integrations:

• Data source agonistic and integrates with most of your existing data sources but requires additional licensing.

Pricing: Planful doesn’t disclose its pricing.

Planful vs Prophix
Take a look at the key differentiators between Planful vs. Prophix

14. HighRadius

HighRadius is an AI-driven autonomous finance solution for the Office of the CFO.

Best for: Mid-sized companies to large global enterprises across a wide range of industries.

Features:

• Worksheet templates with transaction-level drill-down
• Auto reconciled transactions

• Bank statement integration
• Advanced AI for AR forecasts
• Scenario analysis
  

Integrations:

• Banks
• ERPs
• Files including XML, BAI2, MT940, ISO20022, XLS and CSV

Pricing: While HighRadius doesn’t list their pricing online, they do note that they follow a subscription-based pricing model.

15. Tesorio

Tesorio is a cash flow performance suite that offers cash aggregation, search analysis, forecasting and reporting in a single interface.

Best for: CFOs and collections teams.

Features:

• Cash reporting and analytics
• Transactional search functionality
• Real-time cash forecasting
• Scenario planning

Integrations:

• ERP and CRM systems like Sage, Xero, or Salesforce
• Billing systems like Stripe

• Data lakes

Pricing: Tesorio doesn’t provide their pricing plans online, but they have an ROI calculator to understand your potential return on investment.

16. Jirav

Jirav is a dynamic, all-in-one forecasting, budgeting, reporting, and dashboarding solution that simplifies FP&A.

Best for: From startups to large companies who are focused on growth.

Features:

• Pre-built reports, industry-specific 80% plans
• Pre-configured integrations, and features with the ability for customization
• Dynamic, driver-based planning to support accelerated growth

Integrations:

• Spreadsheets
• QuickBooks, Xero, or Stripe
• Workforce and HRIS planning systems
• HubSpot and Salesforce
• Project management, BI tools, and data warehouses

Pricing: Jirav offers three pricing tiers: Starter, Pro, and Enterprise. Jirav provides a feature comparison table on the pricing page to better understand what is offered in each tier.

How to choose the best cash flow software for you

Here are 3 things to consider when choosing the best cash flow software for your business:

1. Pick cash flow management software that will directly help you address the problems you are trying to solve. It’s important to look for a solution that not only solves problems you encounter today but can help you meet your long-term goals too.
   
2. What systems do you need to integrate with your cash flow software to ensure all your financial data is in one place? Consider the available data integrations when making your choice.
   
3. Can the cash flow software grow with you? Cash flow management and forecasting might be your current need, but consider how you can incorporate consolidations, intercompany management, and reporting and analytics in the future, so your software provider can grow with you.

There are more tips for choosing the right software in our FP&A buyers' guide.

FAQs about cash flow software

Let’s look at a few FAQs around cash flow software that might help you choose the right solution.

What’s the best cash flow software?

Prophix is the best cash flow software. With over 30 years in the FP&A space and recognition as Gartner Peer Insights Customers Choice for Cloud Financial Planning and Analysis Solutions, Prophix’s Financial Performance Platform provides you with the tools you need to budget, plan, and report with greater speed, accuracy, and agility. Additionally, Prophix grows with you to address your current needs and future goals for consolidation, reporting and analytics, or intercompany management.

What’s the best way to monitor cash flow?

Cash flow software is the best way to monitor cash flow. With cash flow management software like Prophix, you can anticipate and address potential cash shortages or surpluses. Additionally, you can budget and set realistic financial goals for long-term sustainability, and plan for investments, expansion, and operational improvements.

For example, Prophix allows you to set up automated calculations that can inform planned changes in other parts of your budget into your cash flow budget, like operations and investments.

What are some limitations of cash flow software?

Not all cash flow software can track details at the transactional level (versus planning at an account level). Similarly, not all cash flow software has the same planning and forecasting frequency. The ability to plan and report daily, monthly, weekly, or quarterly based on your business needs is an important capability. Prophix offers both transactional level detail and daily, weekly, monthly, or quarterly cash flow forecasting.

What’s the difference between cash flow management software and cash flow forecasting software?

Cash flow management software looks at the present state of the business—what money is going in and out today. Cash flow forecasting looks at historical data to accurately estimate your future cash position. For an informed approach to cash flow, it’s important to incorporate both cash flow management and cash flow forecasting. 

How do you manage cash flow with multi-currency accounts?

Currency exchange rates are an important consideration when building projects for multi-currency accounts. Cash flow software, like Prophix, manages this automatically.

Choose the best cash flow software

Cash flow planning software helps you and your business effectively manage your finances with a clear picture of your cash inflows and outflows. Monitor your cash flow patterns so you can address problems or grab opportunities as they arise, make timely decisions and minimize financial risk.

Whether you’re a startup looking to make the most of your funding or an enterprise looking to optimize operations, cash flow software is your strategic ally in financial success and sustainable growth.