
Cloud financial management solutions are transforming how modern businesses handle their finances. By moving financial data and processes to the cloud, companies gain increased flexibility, scalability, and real-time insights. However, with so many options to choose from, finding the right cloud financial management provider can be overwhelming.
This comprehensive guide introduces you to the top 20 cloud financial management companies that are leading the way. We have thoroughly evaluated each platform across key criteria to spotlight the unique strengths of the top players.
Whether you need help with invoicing, expense reporting, budgeting or any other financial workflow, this list helps you discover the ideal solutions. Let’s get started!
Before diving into the top vendors, it is important to understand what cloud financial management entails and how it benefits organizations.
Cloud financial management refers to a new generation of financial software and platforms delivered over the cloud. Instead of installing on-premise servers, the software runs on remote cloud servers and is accessed by users online via web browsers.
Some valuable advantages of adopting a cloud financial management solution include:
As modern businesses struggle with distributed teams, rising volumes of financial data and the need for mobility, cloud financial solutions are proving to be a strategic investment. Top players here leverage cutting-edge capabilities like AI, machine learning, predictive analytics, etc. to deliver value.
Let’s now look at the key criteria to keep in mind while selecting a vendor.
Selection Criteria
With many options to choose from, thoroughly evaluating your needs and vendor capabilities is key before zeroing in on a platform. Here are the most important criteria to consider:
Keeping these key aspects in mind lets you choose the right platform to meet your unique needs and budget. Next, look at the top 20 cloud financial management software companies that can transform your finance function.
TAV Tech Solutions is a leading provider of cloud-based financial management solutions for businesses. They offers a full suite of integrated financial applications that are delivered via a secure cloud platform. This gives customers the ability to manage their finances from anywhere, on any device.
The company’s flagship product is their financial management software. This offers accounting, invoicing, expense tracking, bank reconciliations, reporting and dashboards all in one cloud-based solution. It aims to take the manual work out of financial admin so customers can focus on growing their business.
Other key products include payroll management software, budgeting and forecasting tools, and business performance analytics. All data is stored securely in the cloud and customers benefit from automatic updates to the latest features and functionality.
TAV Tech Solutions prides itself on being simple to set up and use. Onboarding assistance from their implementation experts helps customers be up and running within days. Ongoing support is provided through phone, email and an online knowledge base.
Workday
Workday offers cloud-based services in the areas of financial management, human capital management, planning, and analytics for the largest organizations in the world. Its integrated system provides real-time management of financial and operating activities.
Workday Financial Management consists of accounting, revenue management, projects, procurement, expenses, and consolidation. It offers a comprehensive financial operations, transactions, and performance management platform. It uses cloud and machine learning technologies to enable customers to easily adopt and innovate according to continuously changing business requirements.
Intacct
Intacct is a cloud-based accounting solution built with finance & accounting needs in mind. The solutions include accounting, revenue management, global consolidation, project accounting, inventory management, purchasing, reporting etc.
Intacct applications integrate with other business systems and can be configured to meet a company’s processes. Reporting ensures finance leaders obtain business insights. The solutions enable mid-sized companies to automate processes, speed up the closing process, and achieve business development. Intacct offers customer support, services and training.
Oracle
Oracle offers the full range of software-defined financial applications (SDFA) for enterprise cloud computing capabilities and decision management. Its solutions are based on a unified data model and shared FP&A processes for use. Oracle’s cloud financial capabilities include general ledger, accounting hub, revenue management, project financials, enterprise planning and budgeting, and other financial products.
The general ledger records the organization’s accounting data or financial statements. It can support the following accounting activities journal entries, allocations, foreign currency, reconciliation, and the close.
NetSuite
NetSuite has a comprehensive cloud ERP solution for key operational processes within the organization. It includes financial management, accounting, enterprise planning and budgeting and inventory management among others.
The financial management capabilities allow real-time visibility into performance. The accounting system takes care of the core processes and facilitates the management of global financial standards. The unified cloud solution provides centralized solutions and integrates financial and operating data.
This single version of truth supports informed decision-making. NetSuite speeds the financial close process, enhances inventory management, and helps gain business intelligence.
PixelCrayons
PixelCrayons is an award-winning custom software and web development company specializing in cutting-edge technologies like Blockchain, artificial intelligence, machine learning, virtual reality, and more. Founded in 2004 and headquartered in Noida, India, PixelCrayons leverages a curated team of over 650 full-stack engineering resources to deliver specialized digital financial management solutions for startups, small and medium businesses, and global enterprise customers.
Sage Intacct
Sage Intacct offers cloud financial management software for CFOs and finance teams. These core applications include accounting, revenue recognition, project accounting, inventory management, purchasing, and financial reporting. Hundreds of open APIs support these for extensibility.
The dashboards and reports give visibility into the financial and operational KPIs. The solutions are compatible with popular business applications and tailored for salesforce. It supports customization depending on the needs of a particular user. Sage Intacct makes it easier for finance leaders to manage risks, close their books quicker and make strategic decisions.
ValueCoders
ValueCoders is a leading software development services and solutions company specializing in cutting-edge capabilities including Cloud, DevOps, artificial intelligence, machine learning, robotic process automation, and more. Established in 2004 and headquartered in Gurugram, India, ValueCoders leverages a global talent pool of over 675 full-stack resources to deliver digital transformation initiatives for fast-growing small, medium and large enterprises. . The company has deep expertise across industry verticals such as EdTech, Fintech, Healthcare, Manufacturing, Media and Entertainment.
Certinia
Certinia offers cloud ERP and financial management on the Salesforce platform. It provides applications for accounting, revenue recognition, billing, and other financial processes. The solutions align the back and front offices by integrating financial and sales information.
They use the Salesforce platform to create connected customer experiences. Financial visibility is achieved with built-in analytics and KPIs. It supports Salesforce Sales, Service, Marketing, Commerce, and Platform products. It is through transparency, agility, insights and compliance that customers benefit.
Anaplan
Anaplan is a cloud-based platform for business planning and budgeting, forecasting and planning, financial modeling, sales performance management, and reporting. It integrates the finance, sales, supply chain, and HR to coordinate strategy execution.
It uses artificial intelligence and big data analytics to predict outcomes. It is global software and has compliance. The platform can be configured to the company’s planning requirements via apps and custom models. Anaplan enables its customers to improve performance, decisions, and outcomes.
Turing
Turing is a leading AI-powered talent platform focused on helping technology teams efficiently hire and manage remote developers across the globe. Founded in 2018 and headquartered in Palo Alto, California, Turing leverages advanced matching algorithms and assessments to source pre-vetted talent spanning over 100 skills from a diverse community of developers worldwide.
With its Talent Cloud solution, the company offers flexible engagement models, automated quality monitoring, dedicated success managers and a robust collaboration platform to facilitate seamless delivery.
FloQast
FloQast offers a comprehensive cloud platform to close the books faster and more accurately. It connects to ERPs and automates reconciliation management, financial close task management, tie-out preparation, and other processes.
The software ensures that month-end closing occurs in one central location. The reconciliation workflow tools include balancing, exceptions, and approvals. FloQast connects with the most common ERPs to form a close management command center. Cloud computing delivery model offers availability, reliability, and scalability.
Tipalti
Tipalti provides a comprehensive global payables automation platform used by high-velocity companies across the world. It automates all aspects of financial operations including supplier payments, tax compliance, receivables, and more.
The payables automation functionality manages invoices, approvals, global payments in 180+ countries, and supplier portal. Tipalti integrates with financial systems, maximizes ROI on payables, ensures tax and regulatory compliance, improves supplier relationships, and provides visibility across payables. It helps high-growth companies streamline payables to support scaling.
Bill.com
Bill. com is a digital cash-flow management platform for SMBs and mid-sized firms. It enhances AP processes with automated invoice capture, approval workflows, fast payments, and machine learning. AR functions include invoicing, collections and remittances.
The AP automation features are useful to streamline invoice processing, approvals, payments, and sync with accounting. AR tools make invoice processing, collections and cash application easier. Integrated payments make payments within and outside countries easier. Cash flow analysis through artificial intelligence reveals opportunities.
Xero
Xero offers an easy-to-use online accounting and financial management platform designed for small businesses and their advisors. Its tools include accounting, invoicing, expense management, payroll, and reporting. Xero connects small businesses with accountants and bookkeepers for efficient collaboration.
It enables business owners and advisors to save time, get paid faster, and make data-driven decisions. It makes accounting beautiful through user-friendly design. Xero’s global platform serves over 3 million subscribers in 180+ countries. It allows advisors to manage multiple clients efficiently.
MineralTree
MineralTree provides an integrated, end-to-end accounts payable (AP) automation solution encompassing the entire invoice-to-payment process. Key capabilities include invoice capture, approval workflow, payment execution, and compliance.
Intelligent invoice capture with OCR extracts invoice data and maps it into the accounting system. MineralTree delivers significant operational efficiencies, cost savings, and risk reduction. Touchless invoice processing eliminates manual data entry. Centralized controls and automated approvals provide security. Integrated payments enable significant rebates. MineralTree transforms how organizations manage their accounts payable.
QuickBooks Online
QuickBooks Online is a leading cloud accounting solution designed for small businesses and accountants. It provides tools to easily manage accounting, invoicing, payments, payroll, expenses, and cash flow. Key features include configurable workflows, automation, insights, and collaboration capabilities.
Core accounting handles day-to-day tasks like invoicing, inventory management, bill payment, and reporting. Payroll runs payroll, pays taxes, and integrates with benefits systems. It helps save time through automation, provides financial visibility to make smart decisions, and enables collaboration between owners and accountants. The platform serves millions of subscribers globally.
Zoho Books
Zoho Books is an online accounting application designed for small businesses to run their finances and operations efficiently. Its key capabilities include double-entry accounting, invoicing, expense and time tracking, contact management, and financial reporting.
Zoho Books makes the lives of business owners, accountants, and bookkeepers easier through automation. Its simple UI allows users to get paid faster, optimize cash flow, reconcile efficiently, and make data-driven decisions. Affordable pricing helps small businesses save on accounting costs.
Freshbooks
Freshbooks is a leading cloud accounting and invoicing solution for service-based small businesses and self-employed professionals. Its key capabilities include time tracking, expense management, multi-channel billing and payments, financial reporting, and more.
It enables solopreneurs and small teams to grow their clients and profits with less hassle and busywork. Its modern, mobile-ready platform streamlines invoicing, payments, and expenses to save time and get paid faster. Freshbooks helps customers win clients, track time, and make smarter business decisions.
Adopting a purpose-built cloud-based financial management platform has become a strategic imperative for forward-thinking businesses today. As this guide summarizes, leading solutions in this space offer a centralized platform to optimize finance workflows while unlocking data-driven insights.
While evaluating options, be clear on your must-have capabilities, IT landscape, scalability needs and budget. We encourage you to take advantage of free trials and demos before deciding. Partnering with the right vendor offers tremendous potential to drive efficiency, collaboration and growth.
The top companies featured here represent the crème de la crème of offerings, although there are several other notable players in this space too. We hope this overview gives you a solid foundation to find a tailor-made solution that streamlines your finance function. Let us know if you need any assistance in your software selection journey!
Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur
Admin | Content Manager
Let’s connect and build innovative software solutions to unlock new revenue-earning opportunities for your venture