Finance teams often struggle to manage invoices, reimbursements, company cards, and other technical payment processes. Due to this, SaaS FinTech has witnessed..
What is a SaaS product?
SaaS (Software as a Service) refers to web-hosted software that users can subscribe to on a monthly or annual basis. The software does not require any installation and can be accessed from anywhere using the internet. Cloud software provides companies with the ability to work together from multiple locations while improving efficiency.
When it comes to a company’s finances, the process is often labor-intensive, costly, and inefficient. Businesses aren’t able to gauge vital metrics related to invoices, revenue, and cash flow. Fortunately in the last few years, there has been an increase in SaaS FinTech that has revolutionized the payment industry.The total number of global digital transactions is expected to increase by 12.3% by 2027 according to Statistica.That’s why CEOs and CFOs need to pay more attention to their finance tech stack. Let’s take a look at the best finance management SaaS tools that can transform your business.
1. NetSuite
NetSuite is a cloud Enterprise Resource Planning (ERP) system that provides companies with all the applications they need to run their business efficiently. This includes finance, Customer Relationship Management (CRM), supply chain, eCommerce, and a dozen other services. NetSuite can help businesses develop real-time 360° visibility.
Parameter
Details
Features
Enterprise Resource Planning (ERP)
Order management
Production management
Procurement
Customer Relationship Management (CRM)
Salesforce automation
Sales order management
Leads management
Invoice customization
Professional Service Automation (PSA)
Track and manage project expenses
Project accounting
Project delivery support
Accounting
Payment processing
Managing purchase orders
Recording transactions
Collecting taxes
Journal entries for transactions
Managing ledger accounts
Human Capital Management
Initiating promotions
User, role, and access management
Automation of HR tasks
eCommerce
Inventory and order management
Best Features
Shift scheduling
Payment scheduling
Pricing
Free trial
Customized pricing
User Type
CEOs, CFOs, and CIOs
Industry Type
Software, staffing and recruiting, and information technology
Intuit QuickBooks is an accounting software that helps businesses manage payments, pay bills, send invoices, and streamline other accounting processes.
Parameter
Details
Features
Accounting
Invoicing
Expense tracking
Bank reconciliation
Payroll management
Fund accounting
Project accounting
Fixed asset management
Purchase order management
Tax management
Billing
Project billing
Hourly billing
Contingency billing
Billing portal
Payments
Payment processing
Best Features
Payroll reporting and dashboards
Tax calculation
Pricing
Simple - $20 per month
Essentials - $40 per month
Plus - $70 per month
Advanced - $150 per month (up to 25 users)
User Type
Independent contractors, real estate agents, and small businesses
Industry Type
Manufacturing, retail service, and nonprofit
Market Segment
Small business
Customer Support
Learning guides, webinars, community resources, chat services, FAQs
Bill.com provides an Artificial Intelligence (AI) platform for businesses to automate accounts payable and accounts receivable processes. Companies can configure the software’s billing system in a way that is customized to their business.
Features
Parameter
Details
Features
Integration
Banking integration
Email integration
Online banking integration
Bank reconciliation
Payments
Overpayment processing
Online payment processing
Check processing
ACH payment processing
Recurring billing
Accounting
Revenue management
Receipt management
Invoice processing
Fund accounting
Billing and invoicing
Tax management
Expense management
Payment handling
Accounts payable
Accounts receivable
Order Management
Production management
Project management
Supplier and purchase order management
Task management
Best Features
Accounts payable repository
Accounts payable benchmarking
Pricing
Free trial
Essentials - $45 per month
Team - $55 per month
Corporate - $79 per month
User Type
Freelancers, accountants, administrators, and human resource professionals
Industry Type
Startup, nonprofit, and enterprise
Market Segment
Small business
Customer Support
FAQs, phone, email, help desk, chat service, and knowledge base
Airbase is a spend-management platform that gives finance teams more control, visibility, and automation with real-time data and efficient insights. It also scales with businesses as they grow and provides an intuitive interface.
Parameter
Details
Features
Expenses
Digital receipt management
Credit card management
Audit trail
Budgeting
Electronic funds transfer
Mobile receipt upload
Invoicing
Invoice processing
Invoice creation
Invoice management
Administration
Vendor management
Supplier management
Real-time reporting
Integrations
Credit card integration
Bank integration
Third-party integrations
Best Features
Employee reimbursement
Spend management
Pricing
Customized pricing
User Type
Finance teams and accountants
Industry Type
Computer software, IT service, automobile, and network security
Expensify is an expense management system that automates billing, invoicing, payments, and more. Companies can sign up for the Expensify corporate credit card for faster and more convenient payment processing.
Parameter
Details
Features
Expense reports
Real-time expense reports
Smart categorizations
Digital receipt management
Automated reporting
Unlimited receipt uploads
Duplicate expense detection
Administration
Automatic account sync
Automated reminders
Guided review
Smooth approval
Payments
Credit card integration
Direct deposit reimbursement
Online reimbursement
Corporate cards
Credit card import
Best Features
Receipt capture
Employee reimbursements
Pricing
Free trial
Collect - $5 per month
Control - $9 per month
User Type
Freelancers and small business owners
Industry Type
Computer software, financial services, marketing, advertising, and information technology
Market Segment
Mid-market
Customer Support
In-app chat support, email, live calls, and community resources
Avalara is a finance-management cloud solution that automates a company’s taxes. It aims to help businesses get tax compliance right. The SaaS software provides businesses with a wide range of options to calculate their taxes, file returns, and comply with document-management requirements.
Parameter
Details
Features
Taxes
Taxability verification
Tax compliance
Sales tax management
Consumer use tax
Tax calculation
Tax filing
Integrations
Data import and export
Workflow automation
Third-party integrations
Best Features
Sales tax and VAT compliance
Pricing
Free trial
Customized pricing
User Type
Independent contractors, accountants, and finance teams
Industry Type
Retail, consumer goods, computer software, and wholesale
Market Segment
Mid-market
Customer Support
Chat support, help center, training, developer resources, and tickets
Tipalti helps eliminate a large part of a company’s payables workload by scaling cash flow efficiently. It streamlines and automates the way companies make payments to their suppliers, partners, and other businesses.
Parameter
Details
Features
Payment
Vendor payment
Transaction management
Batch processing
Payment tracking
Payment scheduling
Tax compliance
Spend control
Percentage commissions
Data Management
Due dates
Activity dashboard
Affiliate management
Audit trail
Content management
Document management
Financial analysis
Invoices
Invoice management
Best Features
Vendor checks
Pricing
$149 per month
User Type
Administrators and entrepreneurs
Industry Type
Accounting, software, and FinTech
Market Segment
Mid-market
Customer Support
Phone support, email, live calls, help desk, FAQs, and knowledge base
Sage Intacct provides cloud-based financial management services to five regions around the globe including the United States, Canada, the United Kingdom, Australia, and South Africa. It helps businesses increase operational efficiency, manage IT costs, and gain valuable real-time insight into their finances.
Parameter
Details
Features
Analytics
Financial statement
Customizable dashboards
Custom reporting
Inventory management
Accounting
Payment processing
AP automation
Invoice customization
Ledger
Journal entries
Audit trail
Integration
Data import and export
Reconciliations
Best Features
Accounting journal entries
File exporting
Pricing
Free trial
Customized pricing
User Type
Engineers, marketers, and sales associates
Industry Type
Accounting, cloud computing, and enterprise software
Xero is an online accounting software that enables its users to track and manage cash flow processes, invoicing, payments, reporting, and pay runs. This cloud software is available on iOS and Android platforms.
Parameter
Details
Features
Analytics
Financial statement
Customizable dashboards
Custom reporting
Inventory management
Accounting
Payment processing
AP automation
Invoice customization
Ledger
Journal entries
Audit trail
Integration
Data import and export
Reconciliations
Best Features
Accounting journal entries
File exporting
Pricing
Free trial
Customized pricing
User Type
Engineers, marketers, and sales associates
Industry Type
Accounting, cloud computing, and enterprise software
Brex is an all-in-one financial management solution that helps companies spend, save, and earn better. It includes custom expense plans, auto-generated invoices, simple reimbursements, and many other features that accelerate payment processes.
Parameter
Details
Features
Receipts
Mobile receipt uploading
Receipt management
Receipt capture
Administration
Accounting integration
Performance management
Compliance management
Business tool integration
Automated reminders
Expense
Corporate card management
Expense report creation
Employee reimbursement
Digital receipt management
Best Features
Electronic payment processing
Pricing
Free trial
Customized pricing
User Type
Administrators, bookkeepers, and accountants
Industry Type
Banking, information technology, retail, and computer software
Stripe’s software powers payments for online and in-person retailers, subscription businesses, software platforms, and marketplaces. Businesses can use SaaS software to deal with payment frauds, send invoices, issue virtual and physical cards, and reduce friction at checkout.
Spendesk is a 7-in-1 FinTech solution that finance teams can use to make smarter spending decisions. This cloud software simplifies how companies access credit cards, expenses, invoices, accounting, approvals, budgets, and spending reports
Is procurement outsourcing right for you? Find out with tools and checklists in our ‘Guide to Outsourcing Procurement’
Paddle is a financial SaaS product that handles everything from checkouts, payments, subscription management, invoicing, and renewals, to global tax compliance, fraud protection, and reporting. It integrates with multiple payment providers and optimizes everything related to finances.
Zuora is a service that guides companies on creating the best subscription experience and reducing customer churn. It encompasses every aspect such as billing, Configure-Price-Quote (CPQ) development, revenue recognition, and analytics.
Parameter
Details
Features
Subscriptions
Customer subscription management
Handling orders
Payment details
Automated reports
Billing
Invoice management
Charge rating
Billing notifications
Managing recurring payments
Compliance management
Price optimization
Analytics
Monitors KPIs
Self-service dashboard
Team insights
Analyzing business impact
Best Features
Subscription management
Subscription renewal
Pricing
Customized pricing
User Type
Marketers, product managers, and finance teams
Industry Type
Media, manufacturing, technology, and software
Market Segment
Mid-market
Customer Support
Calls, implementation training, end-user training, and knowledge center
These financial SaaS solutions can help your team develop a centralized overview of the company’s payment processes. It is beneficial for businesses to stay up-to-date with new SaaS software so that they can automate and work efficiently. When it comes to SaaS software, Spendflo’s 360° market intelligence can help you discover new products and create a centralized procurement plan for your company.
Need a rough estimate before you go further?
Here's what the average Spendflo user saves annually:
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