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.

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

Market segment

Mid-market

Customer support

Support ticket, call, and email inquiry

Website

https://www.netsuite.com

Founded in

1998

Headquarters

Austin, Texas, United States

2. Intuit QuickBooks

Intuit QuickBooks is an accounting software that helps businesses manage payments, pay bills, send invoices, and streamline other accounting processes.

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 with 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, and FAQs

Website

https://quickbooks.intuit.com

Founded in

1983

Headquarters

Mountain View, California

3. Bill.com

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

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

Website

https://www.bill.com/ 

Founded in

2006

Headquarters

San Jose, California, United States

4. Airbase

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.

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

Market segment

Mid-market

Customer support

Ticket, email, and FAQs

Website

https://www.airbase.com/ 

Founded in

2017

Headquarters

San Francisco, California, United States

5. Expensify

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.

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 businesses owners

Industry type

Computer software, financial service, marketing, advertising, and information technology

Market segment

Mid-market

Customer support

In-app chat support, email, live calls, and community resources

Website

https://www.expensify.com/ 

Founded in

2008

Headquarters

Portland, Oregon, United States

When it comes to these SaaS subscriptions, each software has a unique set of features that work better for different industries and company setups. To better understand how to pick and optimize a SaaS stack, check out Spendflo’s ultimate guide to SaaS spend optimization.

 

6. Avalara

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. 

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

Website

https://www.avalara.com 

Founded in

2004

Headquarters

Seattle, Washington, United States

7. Tipalti

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.

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 

Website

https://tipalti.com/ 

Founded

2010

Headquarters

San Mateo, California, United States

8. Sage Intacct

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.

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

Market segment

Mid-market

Customer support

Training, calls, knowledge base, and live chat

Website

https://www.sageintacct.com/ 

Founded in

1999

Headquarters

San Jose, California, United States

9. Xero

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.

Features

Billing

  • Invoice customization
  • Bill tracking
  • Payment scheduling
  • Overdue bill management 

Payment

  • Payment processing
  • Reimbursement
  • Monitoring and managing expenses
  • Audit trail

Banking

  • Automatic bank feeds
  • Data security
  • Bank compliance

Projects

  • Workflow management
  • Project cost tracking
  • Project financials

Best features

  • Report filing
  • Income and expense management

Pricing

  • Free trial
  • Starter - $25 per month
  • Standard - $40 per month
  • Premium - $54 per month

User type

Accountants and bookkeepers

Industry type

FinTech, SaaS, and personal finance

Market segment

Small business

Customer support

FAQ, online support, courses, and guides

Website

https://www.xero.com/ 

Founded

2006

Headquarters

Wellington, New Zealand

10. Brex

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.

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

Market segment

Small business

Customer support

Live chat and a help center

Website

https://www.brex.com/ 

Founded in

2017

Headquarters

San Francisco, California

11. Stripe

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.

Features

Integration

  • Hosted payment page
  • Embeddable UI toolkit
  • In-person payments
  • Third-party integrations
  • Accounting integration
  • eCommerce integration

Payment processing

  • Encryption
  • Digital wallet integration
  • Credit card processing
  • Mobile payments
  • Multi-currency
  • Processing fee management

Best features

Payment encryption

Pricing

  • Pay-as-you-go pricing
  • Enterprise custom pricing

User type

Startups and small business owners

Industry type

Finance, SaaS, software, and eCommerce

Market segment

Small business

Customer support

Live calls, emails, and learning guides

Website

https://stripe.com/en-in 

Founded in

2010

Headquarters

Dublin, Ireland

12. Spendesk

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.

Features

Card management

  • Debit card support
  • Receipt management
  • Multi-currency processing
  • Spend control
  • Approval process control
  • Credit card integration

Expense reports

  • Expense reports
  • Smart categorization
  • Digital receipt management
  • Employee reimbursement

Payments

  • Recurring billing
  • Online payments

Best features

  • Receipt capture
  • Credit card integration
  • Expense report generation

Pricing

  • Free trial
  • Starter pricing
  • Essential pricing
  • Scale pricing

User type

Accountants, CFOs, financial controllers, and treasurers

Industry type

B2B, financial service, and credit card companies

Market segment

Mid-market

Customer support

FAQs, calls, emails, community resources, and help center

Website

https://www.spendesk.com/en-eu/ 

Founded in

2016

Headquarters

Paris, France

13. Paddle

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.

Features

Taxes

  • Sales tax
  • VAT calculation
  • GST calculation

Billing

  • Automation
  • Billing consolidation
  • Invoice adjustment

Order management

  • Order history
  • Discount management
  • Package tracking

Remittance

  • Global border compliance 

Best features

  • Subscription renewal
  • Data consolidation

Pricing

  • Free trial
  • Pay-as-you-go - 5% + 50¢ per transaction
  • Customized pricing

User type

Software developers and accountants

Industry type

Computer software, design, and advertising

Market segment

Small businesses

Customer support

Calls, help center, and learning resources

Website

https://www.paddle.com/ 

Founded in

2010

Headquarters

London, United Kingdom

14. Zuora

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.

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 a knowledge center

Website

https://www.zuora.com/ 

Founded in

2007

Headquarters

Redwood City, California, United States

15. Baremetrics

Baremetrics is a financial SaaS tool that helps businesses analyze, forecast, and engage with their audience. The software has a zero-configuration set-up and provides companies with complete visibility over critical metrics.

Features

Payments

  • Payment collection forms
  • Payment processing automation

Emailing

  • Email reports
  • Sending automated emails
  • Email follow-up

Analytics

  • Analytics API
  • People insights
  • Forecasting
  • Benchmarking of data
  • Smart dashboards
  • Reasons analytics

Best features

  • Control center
  • Payment processing

Pricing

  • Free trial
  • Real-time SaaS metrics - $208 per month
  • Recover - $158 per month
  • Cancellation insights - $108 per month
  • Forecast+ - $1,000 per month

User type

CEOs and founders

Industry type

Business intelligence, information technology, and cloud computing

Market segment

Small business

Customer support

Email, help desk, phone support, and knowledge base

Website

https://baremetrics.com/ 

Founded in

2013

Headquarters

San Francisco, California, United States

16. 2Checkout

2Checkout, now called Verifone, is an all-in-one financial platform that maximizes a business’s revenue and speeds up sales. It allows companies to accept mobile and online payments from customers across the world. It serves 50,000 businesses globally and provides multi-currency support of up to 87 currencies and multi-language support of up to 15 languages.

Features

Global services

  • Global payment
  • Internationalization
  • Global tax and financial services
  • Global compliance
  • VAT management

eCommerce

  • Customizable checkout carts
  • Integration with top cart platforms

Billing

  • Subscription billing
  • Onboarding users
  • Revenue recovery tools
  • Subscription pause

Reporting and analytics

  • Customizable reports
  • Customer behavior analytics
  • Promotion management
  • SEO optimization

Best features

  • eCommerce product configuration
  • Admin access rights
  • internationalization

Pricing

  • Free trial
  • 2sell pricing - 3.5% + $0.35 per successful sale
  • 2subscribe pricing - 4.5% + $0.45 per successful sale
  • 2monetize pricing 6.0% + $0.60 per successful sale

User type

Developers, eCommerce managers, owners, executives, and marketing teams

Industry type

Digital marketing, social media, and web development

Market segment

Small business

Customer support

Emails, phone, tickets, training, and account support

Website

https://www.2checkout.com/ 

Founded in

2000

Headquarters

San Jose, California

17. Gusto

Gusto is a FinTech software that streamlines payroll, employee benefits, attendance tracking, onboarding, and company insights all in one place. Gusto works with more than 200,000 businesses across the United States. The platform can also automate the federal, state, and local tax computation and payment processes of small businesses.

Features

Payroll

  • Payroll entries
  • Web portal
  • Direct deposit
  • Employee time tracking
  • Calculating PTO
  • Payroll reports
  • Pay slip
  • Expense management
  • Salary adjustment

Taxes

  • Automated tax filing
  • Pre-tax deductions
  • Tax calculation

Human Resource

  • Attendance management
  • Benefits administration
  • Self-onboarding
  • Retirement plan management

Best features

  • Payroll web portal
  • Payroll direct deposit

Pricing

  • Free trial
  • Simple plan - 40$ per month and 6$ per person
  • Plus plan - 80$ or 60$ per month and 12$ or 9$ per person
  • Premium plan - custom pricing

User type

Human resource professionals or accountants

Industry type

Small businesses and startups

Market segment

Small business

Customer support

Live chat, email, or phone

Website

https://gusto.com/ 

Founded in

2011

Headquarters

San Francisco, California

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.

Vaishnavi Babu
Content
Karthikeyan Manivannan
Design
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