Cash Flow is the increase or decrease in the amount of money an individual, institution or a business have. In finance, the term is used to describe the amount of cash that is consumed or generated in a given time period. Cash inflows are your sources of income. Cash outflows are your business expenses.There are several types of Cash Flow, with various uses for running a business and performingfinancial Analysis.
Positive cash flow is the goal for all business owners. However, plenty of profitable businesses run intocash flow problems. It can be challenging to balance regular business expenses—salaries, rent, technology updates, etc. To achieve and maintain positive cash flow, it is imperative to opt for cash flow management software. The software enable businesses to maintain a positive cash flow as well as forecast future cash flow based on past transactions and historical financial or operational data within the software. The cash flow management software is most often implemented by financial and accounting departments within a company and is typically accompanied by other accounting and finance software that relate to cash flow management, such asinvoice management software and budgeting & forecasting software.
Growing need for efficient budgeting cycles and increasing adoption of cloud-based finance solutions to streamline planning and budgeting cycles has boosted demand for cash flow management tools. According to the latest analysis by Emergen Research, the global cash flow market size is expected to reach USD 2,144.4 Million in 2028 and register a robust revenue CAGR of 24.9% during the forecast period.
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Following below is a list of top cash-flow management tool providing companies:
- Intuit Inc. – Revenue [US$7.7 Billion]
California-based Intuit Inc. specializes in financial software. Intuit Online Payroll and QuickBooksare two useful business management services by Intuit. Each service helps businesses in a different way. While QuickBooks handles basic accounting functions, Intuit Online Payroll manages thepayrollside of a business. QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions. The most popular operational cash flow forecasting add on to QuickBooks is Float application. Float seamlessly integrates with QuickBooks Online to give an easy-to-use tool that offers a detailed view of bank balance. The Float app automatically syncs with QBO and keeps forecast up-to-date with a live scenario of cash that never goes out of date. Building QuickBooks cash flow forecast can help businesses save hours every week.
- Anaplan, Inc. – Revenue [US$348 Million]
Anaplan, Inc. is a pioneer in Connected Planning. Anaplan’s Cash Flow Statement model uses formulas on balance sheet movements to generate an indirect Statement of Cash Flows. The initial population of the statement is formula-driven, but users have the ability to adjust system-generated numbers as per their requirement. The model supports multiple currencies and automatically generates the Effect of Exchange Rate Changes on Cash using formulas.
- Agicap – Revenue [US$9.9 Million]
French Start-up Agicap offers a platform for cashflowmanagement that enable SMEs to easily manage business with its reliable forecasts and real-time monitoring. The company has developed a proprietary technology that classifies outbound and inbound cash flows, generates base forecasts, which can then be customised. Marketed as a tool for small and medium businesses, the French SaaS start-up serves independently owned businesses and franchises such as Burger King, McDonald’s, Mont Blanc, Best Western, and Ibis, along with VC-backed start-ups such as Ornikar and Cityscoot.
- Fluidly – Revenue [US$8.5 Million]
Fluidly is a London-based fin-tech that offers an “intelligent” cashflow management SaaS for SMEs. Fluidly is a one-stop solution for cashflow situation; from forecasting to funding, and more. The company has built a machine learning-based technology to predict and optimize the future cash flows for small and medium size enterprises, thus enabling business owners conduct better financial decision-making.
Fluidly has gained massive popularity and is allegedly working with nine of the top 20 accounting firms in the U.K. as a route to market, including Baldwins, Haysmacintyre, and BDO. The fintech has collaborated with various cloud accounting software providers, and it is one of the fastest-growing apps on Xero’s marketplace.
- Scoro – Revenue [US$6 Million]
UK-based Scoro is a software-as-a-service solution for professional and creative services. The all-in-one business management software combines project management with time and team management, billing, sales, and professional services automation. While being easy to use, Scoro is not a simplistic tool as it helps businesses manage not just budgets but the entire company in one place. Scoro’s reporting capabilities are incomparable to any other budgeting solution on the market.
Scorois an ambitious and robust tool which certainly includes cash-flow management as one of its key services, but is really a business management tool, incorporating budgeting, CRM, and even project management. The software is high rated by users owing to the reliability of the platform.
6. Pulse – Revenue [US$ 5 Million]
Pulse is an invoice finance business that provides both financial support and credit-related solutions for a range of businesses. Pulse’s finance solutions enable businesses to improve their cash flow and realise future goals. It helps users keep a check on cash flow on a daily, weekly or monthly basis, and Pulse connects with QuickBooks as well. Pulse also lets users track potential income based on the likelihood of receiving the future income. Whether one needs cash-flow projections or track cash flow in multiple currencies, Pulse platform give businesses the power to use cash-flow management to grow and evolve.
Cashforce – Revenue [US$4.4 Million]
Belgium-based Cashforce is a ‘next-generation’ Cash forecasting & Working Capital management platform, focused on automation and integration. Cashforce helps clients manage their corporate cash flow while offering insight into current real-time cashflows from all data sources (ERP – Bank statements – Non-ERP Data). Cashforce is a global company which provides Cash visibility to multinational corporates across various industries in more than 120 countries across the world.
8. CashAnalytics – Revenue [US$3 Million]
Dublin-based CashAnalytics is a software company. It offers a cloud based cash reporting platform that provides a complete view of current and future cash flow of a business by simplifying and automating the process of cash forecasting and liquidity planning. The software works by collating input data from a wide variety of sources, processing them, and reworking the data into KPI dashboards, status reports and forecasts. Input data from bank account statements, ERP systems, transaction data, and input data from other business units is automated, enabling visibility of current and forecast positions.
Highly configurable and customizable, CashAnalytics is a formidable platform. The platform is best for global organisations that forecast cash across multiple business units in different currencies.
- PlanGuru – Revenue [US$2.2 Million]
US-based Planguru provides businesses and business advisors with SaaS-based budgeting, forecasting, and business analytics tools. PlanGuru platform is a budgeting software used by businesses, non-profits, entrepreneurs, and financial professionals as an alternative to spreadsheets. The core functionality helps users solve their budgeted financial statements and cash flow forecasts. The platform also provides solutions for analysis and presentation, including assumptions / comments reports, financial statements, and various Budget & Actual comparisons. By being compatible with both QuickBooks and Microsoft Excel, PlanGuru works in tandem with most accounting applications.
- Calxa – Revenue [US$1.4 Million]
Australia-based Calxa is SaaS company that develops financial management reporting software. It integrates with main stream accounting systems like Xero, MYOB, and QuickBooks Online. Calxa Businesses platform is gaining popularity among Accountants and Not-For-Profits for saving time by automating budgeting, cash flow forecasting, group consolidations and KPIs. With the help of smartalgorithms, Calxa provides accurateand automated cashflow forecasts anda range of other reports, all designed tobe readable to non-accountants. The platform is cloud-based,which enables access from anywhereon any device, giving users theopportunity to collaborate and co-operate for the production ofbudgets and reports.