What is a SaaS product for management accounting and budgeting?

This award is for senior-management-level budgeting and finance planning. Please supply evidence of success in the form of testimonials, beta feedback, or of sufficient product innovation.

A SaaS product for management accounting and budgeting is a cloud-based software that provides tools for businesses to manage and analyze their financial data. These tools can include features such as financial reporting, forecasting, budgeting, expense tracking, and cash flow management.

A SaaS product for management accounting and budgeting should have the following key features:

  1. Financial reporting: The software should have robust financial reporting tools that provide insights into business performance, such as profit and loss statements, balance sheets, cash flow statements, and other financial reports.
  2. Budgeting and forecasting: The software should allow businesses to create and track budgets, and forecast future financial performance based on historical data.
  3. Expense tracking: The software should allow businesses to track expenses and categorize them for better financial analysis.
  4. Cash flow management: The software should provide tools for managing cash flow, such as tracking income and expenses and creating cash flow forecasts.
  5. Integration with other financial tools: The software should integrate with other financial tools, such as payment gateways and invoicing systems, to provide a complete financial management solution.
  6. Customization: The software should allow businesses to customize the platform to their specific needs, including adding or removing features and adjusting settings.
  7. Security: The software should have strong security measures in place to protect financial data, including data encryption, two-factor authentication, and regular security updates.
  8. User-friendly interface: The software should be easy to use and navigate, with an intuitive interface that allows users to quickly access the features they need.
  9. Customer support: The software should have a responsive and knowledgeable customer support team available to assist users with any questions or issues that arise.
  10. Affordable pricing: The software should have competitive pricing options that are reasonable for the features offered and the size of the business. Clear pricing models and transparent billing are also important for a strong product in this category.

Previous recognition for Best SaaS Product for Management Accounting and Budgeting

For a broader understanding of this SaaS Awards category, we have gathered examples from previous winners, finalists, and shortlistees which impressed the judging team with their innovative SaaS products for management accounting and budgeting.

Winner of the 2023 SaaS Award for Best SaaS Product for Management Accounting and Budgeting

Quote from Lead Judge Christopher Southall

“Pilot’s approach is truly unique, combining the strengths of human-assisted automation, real-time collaboration, AI, and expert accountants. This powerful combination not only looks good on paper but also delivers real-world value, as evidenced by the positive feedback from satisfied customers. Pilot’s financial analysis provides valuable insights backed by data, empowering effective decision-making. In essence, Pilot successfully harmonizes expertise and technology, creating a comprehensive solution that stands out. Congratulations from everyone at The SaaS Awards!”

Winner of the 2022 SaaS Award for Best SaaS Product for Management Accounting and Budgeting

Quote From Lead Judge – Christopher Southall 

Apptio is well known within the financial services sector as their reputation in the industry is outstanding. They undertake financial analysis and planning tasks with ease, being a great fit for businesses of all sizes. 

We at SaaS Awards were most impressed with Apptio due to its divergent functionality, the wide range of stock templates and customizable reports and dashboards. We believe it to be an extraordinary help for the finance departments, as their tools ultimately undertake complex analysis for budgets, forecasts, and planning with great speed and ease. Well done, Apptio!” 

Winner of the 2021 SaaS Award for Best SaaS Product for Management Accounting and Budgeting

Quote From Lead Judge – Christopher Southall

Workiva is a true innovator, delivering the first fully cloud based SaaS solution that offers users the ability to collate and collaborate on data from countless disparate data sources and on both structured and unstructured data. Collaboration is key, and we really liked the collaboration functionality that Workiva delivers at its core, driving collaborative working and reducing multiple document version management. Workiva delivers impressive data driven reporting and analytics in near real time across the broad Spectrum of Management Accounting and reporting areas. 

Finalist for the 2023 SaaS Award for Best SaaS Product for Management Accounting and Budgeting

MYOB is a flexible business management platform that brings together a business’s key workflows, from finance, accounting and tax, and supply chain, to customer, employee and project management. The MYOB business management platform serves over 1 million SME businesses across Australia and New Zealand (ANZ).

A strong entry for the Best SaaS Product for Business Accounting or Finance category should:

  • Functionality: The product should have a comprehensive set of features that meet the needs of business accounting and finance. It should be able to handle tasks such as bookkeeping, invoicing, payroll, tax filing, and financial reporting.
  • Usability: The product should be easy to use, with a user-friendly interface that enables even non-accountants to understand and navigate the system. It should also offer customizable dashboards and reports, enabling users to view and access data in a way that suits their needs.
  • Integration: The product should integrate with other business systems and tools, such as CRM software, e-commerce platforms, and banking systems, to provide a seamless experience for users.
  • Security: The product should have robust security features to protect sensitive financial data, such as SSL encryption, multi-factor authentication, and regular backups.
  • Customer support: The product should have a dedicated support team that provides timely and effective assistance to users, including online resources such as a knowledge base, user forums, and tutorials.
  • Cost-effectiveness: The product should offer competitive pricing that aligns with the value it provides, including flexible pricing plans that can scale as a business grows.
  • Innovation: The product should have innovative features that set it apart from other accounting and finance software, such as machine learning algorithms that improve financial forecasting or automation tools that reduce manual data entry.

Overall, a strong entry for the Best SaaS Product for Business Accounting or Finance category should offer a powerful, user-friendly, and cost-effective solution that meets the needs of businesses of all sizes, from startups to enterprise-level organizations.

Why Enter The SaaS Awards?

The SaaS Awards is a program from The Cloud Awards. Since 2011, we’ve been helping organizations across the globe gain the recognition they deserve for market-leading innovation in the cloud computing and software sectors.

For a detailed breakdown of all the benefits you receive as an awards entrant as either a shortlistee, finalist or ultimate winner, please see our “Why Enter?” page. The many benefits are replicated across all international awards programs. If you have any questions about this category, please contact us.