The Top Financial Management Software to Help Make Your Business More Efficient
The Cloud has changed everything, from how we share holiday snaps with our families to how we manage our working life. Financial management software has been at the heart of this transformation, streamlining financial processes and changing the way we do business. Being savvy with the platforms you use can help free up your time and facilitate your growth.
Cloud accounting software and cash flow management tools are two of the biggest opportunities for small businesses in the financial management software space. Here, we share our favourites;
Xero has over 2.7 million small business subscribers globally. Through Xero, small business owners and their advisors have access to real-time financial data anytime, anywhere and on any device. It helps businesses with their payroll, to pay bills, send invoices, accept payment, submit VAT returns and much more including hundreds of handy app integrations (including Hydr, no less!) in the Xero App Store. Not only that, but with the company’s ecosystem of trusted accounting firms, it is very easy to figure out which accountant closest to you is an expert in Xero.
Sage offers integrated accounting, payroll and payment systems, supporting businesses in more than 20 countries to enhance productivity, save time and drive revenue growth.
Quickbooks is committed to helping businesses manage their finances in real-time. Businesses can automate their books, submit their taxes, get paid, manage their employees and more.
FreeAgent helps small businesses take care of their finances, bringing everything together from invoices and expenses to tax returns and payroll. Its Practice Dashboard feature allows accountants and bookkeepers to manage their clients at a glance.
Cash Flow Management
Float is cash flow forecasting software that gives you the answers you need (and sometimes answers questions you didn’t know you had) with cash flow insights that combine your bills, invoices, and actuals with the budgets you set. It syncs with Xero, Quickbooks and FreeAgent to make managing your business finances even easier.
Fluidly is an all-in-one cashflow management platform. Its real-time software connects to Xero or QuickBooks and uses the data to automatically build a cashflow forecast in an easy-to-understand chart. You can see your cashflow history, your opening cash position and predictions for the future. It also helps to scenario plan.
We like to think of Hydr as the magic dust that exists between these financial software providers. Our proprietary invoice finance platform helps businesses optimise their cash flow by paying invoices within 24 hours for a fair, fixed and transparent fee.
We are proudly and exclusively partnered with Xero.
By linking your Xero account to our platform we can pay your invoices within 24 hours. Not only that, we have built a class-leading, seamless integration from invoice raising to reconciliation. Find out more about our partnership with Xero and contact us today to see how Hydr can help.