This is How You Find the Right Controlling Software for Your Company!
We show you what controlling software is, how it can make your work easier and which are the best tools.
- What is a controlling software and what functions does it have?
- Advantages and disadvantages of a controlling software
- Cost of a controlling software & the selection criteria for a good software
- 7 Controlling-Softwares on OMR Reviews
- 6. FinanzGeek
- 7. Flowpilot
To be able to accurately assess the economic situation of a company, it always helps to take a look at the numbers. Why Controlling helps with this step, we will look at in this article. We will explain to you what Controlling or Controlling-Software is, what functions such software takes on to make your work easier and what the pros and cons are. We will also give you an overview of the costs and selection criteria. Finally, we will introduce 7 Controlling-Softwares to give you a first impression.
What is a controlling software and what functions does it have?
The task of a controlling software is to present important numbers and data of a company and to put them into context. Thus, it enables your company to make reliable statements regarding the economic situation and future actions. You can also set better goals in your company if you have all data in view. The most important functions of controlling software include:
- A clear presentation of the data and key figures
- Interfaces with already existing programs/tools
- An overview of finances and investments
- Possibilities for budget planning/cost overview
- Forecasts and variance analyses
- Problem simulation/risk assessment
In general, it can be said that Controlling-Software helps you to clearly present the finances and key figures of your company and to adjust your plans and goals. You also have the possibility to react to changes at any time due to a reasonable overview and thus to avert economic damage to your company.
Advantages and disadvantages of a controlling software
Now let's delve a little deeper into the subject and look at the pros and cons of a controlling software. A big advantage is certainly the aforementioned clarity of the company's own finances and budgets. If you know exactly what your company's financial situation is, you can plan much more binding and future-proof. It is also easier to make forecasts and use remaining budgets wisely.
Another advantage: Controlling software can protect your company from liquidity shortages and uncover potential weaknesses in the company. This gives you the opportunity to intervene in a timely manner and prevent long-term problems. A good controlling software also has the advantage that it is user-friendly and can be connected with interfaces to already used programs. This saves time and allows for efficient work.
A disadvantage can certainly be the time that one has to invest to get things running. Which software is the right one? Then all data have to be entered once and the processes have to be set. But once this is done, Controlling-Software saves a lot of time. Just by prevented problems and a certain order of all relevant data, you can work much more relaxed and efficient afterwards.
Another disadvantage: The costs. Almost every controlling software has its price. So it is first necessary to make an investment for your own company before you can deal in detail with the finances.
Recommended accounting and invoicing programs
On our comparison platform OMR Reviews you can find more recommended Accounting- and invoicing programs. More than 120 different systems are available. Our platform offers comprehensive support in all areas of accounting and invoicing. Take the opportunity to compare different accounting programs and take real user reviews into account to find the ideal solution for your individual requirements:
Cost of a controlling software & the selection criteria for a good software
As already mentioned, Controlling-Software usually costs. In some cases, only individual offers can be requested from the provider itself, which makes a quick overview of the costs of various providers difficult. A price differentiation is not really possible, as the payment criteria are absolutely mixed. Some providers offer classic monthly subscriptions, where you pay per team member or per license.
Other providers sell licenses at package prices, which quickly go into the thousands. And then there are those who do not mark their prices at all, but only give you an insight on request. Either way, you will have to consider a certain budget if you choose controlling software.
What criteria should you use to choose the right software solution?
After all, there are various providers with different features and how should a layman know which software is the right one? You should start by thinking about what exactly the controlling should look like. Controlling in a company can cover more areas than just finance. What do you want from the software? More data overview? Finally order in your company finances? Or do you just want to see how the current budgets are distributed and where there would still be financial capacities?
When you have clear goals, you can pick out a few suitable candidates from the provider jungle. Here you can consider the following:
- Big names: Don't get hung up on big famous companies. Just because a company or a provider is known doesn't mean it's the best solution for you.
- Detail investigation: Get a clear picture of the offer. Does the software really cover all the concerns that are important to you?
- Updates: Does the manufacturer of the solution regularly take care of updating the software and adapting it to the needs of customers if necessary?
- Customer support: In case you have questions or need help setting up the software - is there a functioning customer support? Or does no one respond to messages for days?
- Test version: Do you have the opportunity to try out the favored solution without obligation and free of charge?
This way you can be sure that in the end you buy exactly the software and put it into operation, that really fits your company and the concerns.
7 Controlling-Softwares on OMR Reviews
Finally, we would like to give you an overview of 7 Controlling-Softwares that can make your work easier in the future.
Agicap
COMMITLY
Tidely
Helu
Board
FinanzGeek
flowpilotAttention: This ranking is based on the status of 23.01.2024
1. Agicap
The software solution Agicap is characterized by the fact that the impact of risks and crises on liquidity forecasts can be simulated. Agicap thus not only offers you the possibility to outsource liquidity planning, but also shows how economic or worldly changes can take influence. You can set the liquidity forecasts to different terms. There is no price information on the website, but you can get an individual offer. Additionally, you can test Agicap 14 days without obligation.
Agicap Functions
- Creation of liquidity forecasts
- Automatic categorization of cash flows
- Data export in Excel format
- Automatic payment reconciliation of all systems
- Synchronization with bank accounts
If you are interested in the price plans of Agicap and corresponding user reviews, then check out the Agicap profile on OMR Reviews.
Agicap Alternatives
On OMR Reviews you'll find an overview of the Agicap alternatives. Here you can make your decision for the software that best fits your business based on user experiences and reviews.
2. Commitly
The liquidity planning software Commitly has focused on,planning and monitoring cashflows and liquidities. So with Commitly you have a strongly finance-focused software at hand. Although the whole thing was developed by professionals, they were professionals who also had insights into reality. The developing finance and IT professionals behind Commitly have long dealt with the daily challenges in companies. Price-wise, the software starts at 55 Euros per month.
Commitly Functions
- Creation and supervision of forecasts
- Integrative dashboards
- Categorization of transactions
- Deposit and comparison of annual financial plans
If you're interested in the price plans of Commitly and corresponding user reviews, then check out the Agicap profile on OMR Reviews.
Commitly Alternatives
On OMR Reviews you'll find an overview of the Commitly alternatives. Here you can make your decision for the software that best fits your business based on user experiences and reviews.
3. Tidely
Tidely is a liquidity platform that helps companies actively and in real time manage their financial business success. The tool is aimed at start-ups, SMEs or entrepreneurs. The software enables to establish AI-based cashflow forecasting projections of the available money for the next days, weeks or years. Impacts of specific business decisions on liquidity can be simulated using scenario analyses. Furthermore, it is possible to compare several scenarios with each other. Tidely gives users control over their liquidity. The software offers interfaces to over 5,000 banks as well as ERPs. A free software demo version can be requested via the website. There are four bundles between 35 € and 179 € per month, from which users can choose.
Tidely Functions
- Cashflow forecasts
- Monitoring and managing the financial achievements
- Automated data integration and report generation
- Scenario analyses
Tidely Alternatives
On OMR Reviews you will find an overview of the Tidely alternatives. Here you can make your decision for the software that suits your business best based on user experiences and reviews.
4. Helu
Helu is a financial reporting, controlling, planning and analysis tool, which automates accounting and business KPIs via DATEV interface and app integration possibilities. After each data upload, reports are automatically updated. Through digital accounting integrations and data uploads, Helu allows the creation of unlimited reports within minutes, providing real-time updates. In addition, Helu allows easy mapping of financial statements, a full drill-down of accounts, and full data integrity. In addition, data can be imported from Excel and CVS and data can be shared and updated collaboratively with team members. Additionally, users can receive individual access rights.
Helu Functions
- DATEV integration
- Controlling & Reporting down to individual booking level
- Creation of dashboards and widgets
- Creation of P&L and balance sheet reports
- Scenario analyses, plan-actual and budget comparison
- Consolidation
- Creation and use of KPIs
- Liquidity monitor & rolling forecasts
- Creation of user groups and individual management of permissions
Helu Alternatives
On OMR Reviews you will find an overview of Helu alternatives. Here you can make your decision for the software that suits your business best based on user experiences and reviews.
5. Board
Board is a decision-making platform for controlling business planning and performance. The platform offers among other solutions for Business Intelligence, Performance Management and Predictive Analytics for financial service providers. With Board, profitability analysis can be improved across the entire company. All features and data sources from Board can be displayed and configured in a unified view using drag and drop. Board is available both as a cloud and an on-premise solution.
Board Functions
- Budgeting functions
- Planning functions
- Simulations functions
- Margin and price analysis for improving investment quality
Board Alternatives
On OMR Reviews you will find an overview of the Board alternatives. Here you can make your decision for the software that suits your business best based on user experiences and reviews.
6. FinanzGeek
FinanzGeek offers various business tools - from office software to agile project management and communication to finance and digital accounting. FinanzGeek is aimed primarily at entrepreneurs and small businesses that want to process business processes digitally and effectively. The finance tool can automatically exchange with the company accounts and the tax advisor. The data is evaluated anonymously in the so-called FinanzGeek Analytics Engine. Finally, the software gives tips on which steps would make sense in relation to the data.
FinanzGeek Functions
- Agile project management
- Automated handling of claims
- Visualization of financial data
- Multibanking
- Predictive analysis
FinanzGeek Alternatives
On OMR Reviews you will find an overview of the FinanzGeek alternatives. Here you can make your decision for the software that suits your business best based on user experiences and reviews.
7. Flowpilot
Flowpilot promises as a liquidity management software an excellent usability. Users should be able to connect their bank accounts and accounting in just five minutes and immediately get 100-percent transparency on cash flows and solvency. The developer further lists as core benefits that with the system the existing accounting can be easily analyzed, the cash on hand can be planned arbitrarily into the future and scenarios can be set up to make better decisions. The program uses artificial intelligence at various points. The application can initially be tested for 14 days and is then available in four different packages starting at 39 Euros per month. For large companies an individual solution can be compiled.
Flowpilot Functions
- Risk analysis through cash flow monitoring
- Financial reports
- Integration of third-party apps
- Real-time tracking and monitoring
Flowpilot Alternatives
On OMR Reviews you will find an overview of the Flowpilot alternatives. Here you can make your decision for the software that suits your business best based on user experiences and reviews.
