What is a SaaS product for business accounting or finance?

This award is for ground-level business accounting and finance. Please supply evidence of success in the form of testimonials, beta feedback, or of sufficient product innovation.

A SaaS product for business accounting or finance is a cloud-based software solution that provides businesses with tools to manage their financial transactions and accounting processes. These products are typically accessible from anywhere with an internet connection and offer a range of features to help businesses manage their financial operations.

Some common features of SaaS products for business accounting or finance include:

  1. Invoicing: These products typically offer tools to create and manage invoices, including custom branding and the ability to automate recurring invoices.
  2. Expense Management: The product should offer expense management tools to track and manage expenses, including the ability to capture receipts and automate expense approvals.
  3. Bank Reconciliation: The product should be able to reconcile bank transactions and identify discrepancies between the business’s books and bank statements.
  4. Financial Reporting: The product should offer reporting tools to provide businesses with insights into their financial performance, including financial statements like balance sheets, income statements, and cash flow statements.
  5. Budgeting and Forecasting: The product should allow businesses to create and manage budgets and forecasts, including scenario planning and “what-if” analysis.
  6. Integration: The product should integrate with other tools and systems used by the business, including point-of-sale systems, payroll software, and other financial software.
  7. Security and Compliance: The product should provide robust security features, including encryption of data at rest and in transit, role-based access control, and compliance with relevant regulations like GDPR and HIPAA.

Overall, a SaaS product for business accounting or finance should provide businesses with the tools they need to manage their financial operations, automate processes, and gain insights into their financial performance. These products can help businesses save time and money, reduce errors, and improve financial management.

Previous recognition for Best SaaS Product for Business Accounting or Finance

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 business accounting or finance.

Winner of The SaaS Awards 2022 for the Best SaaS Product for Business Accounting or Finance

Quote From Lead Judge –  Christopher Southall 

Intuit QuickBooks is a market leader, and with good reason. It’s the complete package: feature rich; cloud-driven; mobile-ready; and cost-effective. It’s a great fit for any SMB.      

The SaaS Awards are really impressed with how Intuit QuickBooks continue to innovate and enhance the QuickBooks product for their customers.  New features like DataSwitcher make it easier than ever to transition to the platform, and SpreadsheetSync gives a host of exciting new financial analysis options that accountants will love! We are delighted to see Intuit Quick Books doing so well. Customer satisfaction and lower rates of staff churn are results that speak for themselves. Well done, Intuit QuickBooks!”

Winner of The SaaS Awards 2021 for the Best SaaS Product for Business Accounting or Finance

Quote From Lead Judge – Christopher Southall

FinancialForce fully understands the needs of the modern business, and the complex issues around historical account systems but also the new accounting systems delivered by legacy providers.

Addressing business needs and delivering of a comprehensive accounting product that stands out from the rest. The modern cloud base architecture reduces needs for complex and time-consuming integrations, the level of insights provided by the FinancialForce alone beats hands down what a lot of multibillion, multinational companies can achieve now even with highly specialised Business Intelligence teams.

Really impressive dashboarding provided as standard and a powerful dashboard builder tool.

Finalist of The SaaS Awards 2022 for the Best SaaS Product for Business Accounting or Finance

ADP’s Accountant Connect is a cloud-based platform that offers tools and resources for accounting professionals. The platform is designed to help accountants streamline their workflow and provide better service to their clients. Some of the key features of Accountant Connect include:

  • Payroll Processing, allowing accountants to manage payroll for their clients with ease
  • Time and Attendance
  • Tax Compliance
  • Client Dashboard
  • Training and Support

Overall, Accountant Connect is a powerful tool for accounting professionals looking to streamline their workflow and provide better service to their clients.

Finalist of The SaaS Awards 2022 for the Best SaaS Product for Business Accounting or Finance

Visual Lease is a cloud-based software-as-a-service (SaaS) product that offers solutions for businesses in accounting and finance. Specifically, Visual Lease’s platform focuses on lease accounting and management, providing tools to help businesses manage their leases and stay compliant with accounting regulations.

Some of the key features of Visual Lease’s SaaS product include:

  • Lease Accounting Compliance
  • Lease Management
  • Data Integration
  • Reporting and Analytics
  • Collaboration

Overall, Visual Lease’s SaaS product is designed to reduce the risk of errors and ensuring compliance with accounting regulations.

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

  • Comprehensive financial management tools: The software should have a full range of tools to manage financial activities such as accounting, invoicing, payment processing, budgeting, expense tracking, and financial reporting.
  • 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.
  • Customizable and flexible: The software should be customizable to fit the specific needs of the business, with the ability to configure settings and workflows to match the company’s requirements.
  • Integrations: The software should integrate seamlessly with other tools and applications that the business uses, such as CRM software, payment gateways, and inventory management systems.
  • Security: The software should have strong security measures in place to protect sensitive financial information, including data encryption, two-factor authentication, and regular security updates.
  • Customer support: The software should have a responsive and knowledgeable customer support team available to assist users with any questions or issues that arise.
  • 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 entry.

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.