Guide to Building Financial Planning Software For Your Business

Written by Scott Craig|Posted on December 29, 2022

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One aspect of digitization for enterprise that is gaining traction is financial planning software, and not just for the finance industry. Any company can use financial planning software to analyze their investments, transactions, budget, etc., and provide valuable data-driven insights to inform sound financial decision-making for the business in real time. Even individuals can benefit from Personal Financial Management (PFM) software to help manage their investments.

Every business has different needs based on its size, market and circumstances, so this often means commissioning a custom software development company to create a financial planning solution based on its particular requirements.

When discussing your requirements with developers, consider implementing the following features for best results:

Investment Performance Data

A must have for any company connected to financial markets, the software must be able track and compare client investments with wider market performance.

Streamlined Design

Any enterprise software should enable business operations to be done faster and more easily than before. The software development team should include UI and UX experts that can make the product easy to use for all relevant employees and clients. Design the software to optimize workflows and

Customization Options

The ability to present customizable reports and automated AI-powered custom recommendations means that the financial planning software can be calibrated to different circumstances and clients, making it more useful. A good financial software platform should include modules for different financial activity such as insurance, taxes, stock options, cryptocurrencies, and more.

Goal Based vs Cash Flow Based Software

Financial planning software can generally be categorized as goal-based, which assesses what needs to be done to achieve certain investment goals, or cash-flow based, which carefully counts income and advises on strategy based on that. Choose a focus based on your business needs.

Platform Compatibility and Plugins

Consider the intended users and how they will be accessing the software. Based on this, you might want to make sure that it is compatible with mobile devices, Windows, Mac, etc. Integrations should be planned to ensure compatibility with other software tools that will be used with it. Different platforms may require different tech stacks (Python, JavaScript, etc.) for development.

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Scott Craig

Scott Craig



Kirkland, WA, USA

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