Finance
14 Top SaaS finance tools you need to check out
Published on:
August 11, 2024
Vaishnavi Babu
Content
Karthikeyan Manivannan
Design
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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
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.

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
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

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
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.

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
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.

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
Website https://www.expensify.com/
Founded In 2008
Headquarters Portland, Oregon, United States


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. 

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
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.

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
Website https://tipalti.com/
Founded In 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.

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
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.

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
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


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.

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
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.

Parameter Details
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

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Parameter Details
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 services, 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.

Parameter Details
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 business
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.

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
Website https://www.zuora.com/
Founded In 2007
Headquarters Redwood City, California, United States


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:
$2 Million
Your potential savings
$600,000
Simplify Procurement
Maximize Margins
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