
Business Intelligence
Top 5 Financial Intelligence Software Of 2022
By TechDogs Editorial Team

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Overview
Yes, Gordon Gekko is back on Wall Street - this time as a good guy! Gordon is here to talk about his favorite thing (after money, duh!) - Financial Intelligence Software. Any trader worth his salt will tell you how important it is to be able to analyze financial data accurately and instantly - time and stock markets wait for no one, Bud!
This is where Financial Intelligence Software becomes essential for any business. It collects and analyzes financial business data, allowing them to build better strategies, forecast with high reliability and improve the allocation of monetary resources. Most Financial Intelligence Software (FIS) includes in-depth analysis and reporting features, financial performance measurement tools, risk analytics, valuation tools, etc., to help provide a comprehensive view of your business’ finances.
Well, money never sleeps, pal - so let's dive in and explore the Top 5 Financial Intelligence Software of 2022!
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If you're an automation geek (read lazy!), you already know how certain software and applications make life faster, simpler and less complicated. Think of the checkout counter in retail stores - all the items in your shopping cart are scanned, the final price is calculated, discounts and offers are applied and an invoice is generated. Without automation, the cashiers will have to manually enter the cost of each item, add it all up, calculate how much 5% is (well, our hypothetical store offers a five percent discount on Fridays!) and then write it all down so you have proof of your purchase!
Imagine doing all that work manually!
Now, stop imagining because it's 2022! Financial Intelligence Software automates and manages processes that deal with the financial aspects of a business. It allows you to effortlessly stay on top of your game by automating the collection, analysis, visualization and reporting of your business's financial data. Sounds awesome, right?
Without further ado, here are the Top 5 Financial Intelligence Software of 2022!
Top 5 Financial Intelligence Software Of 2022
Financial Intelligence is the process of collecting, analyzing and presenting insights learned from financial data to assist in better decision-making. Financial Intelligence Software helps by performing critical tasks such as maintaining transaction records, calculating profits and losses, generating balance sheets and financial reports, aiding in budgeting, planning and forecasting – and a lot more!
Attention: These tools are in random order!
Oracle Netsuite![]() |
Sage Intacct![]() |
FreshBooks![]() |
Budgyt![]() |
Xero![]() |
Tool 1: Oracle NetSuite
Oracle is an American multinational based out of Texas (headquartered at California till 2020), with expertise in database software and technology, cloud engineered systems and enterprise software products. With a market valuation of more than $160 billion in 2018, Oracle is one of the world's most valuable brands - and it currently stands as the second-largest software company worldwide!

Oracle NetSuite is considered one of the top Financial Intelligence Software in the market. It is essentially an ERP (Enterprise Resource Planning) tool with top-notch financial management features. It intelligently automates the collection and analysis of financial and operational data that helps businesses see the bigger picture and make better decisions.
Gordon once said, “The root of all evil is speculation”. Well, with NetSuite, financial advisors can forecast future business performance, helping them allocate existing resources in a better way and avoid any speculation. The tool also allows businesses to predict cash inflow and expenses for the future. No, it cannot predict if Tesla’s stock will cross the $2000 mark!
Tool 2: Sage Intacct
Sage Intacct, Inc is an American corporation based in San Jose, California, offering cloud-based financial intelligence services and accounting applications. It was founded in 1999 and delivered one of the first cloud-based accounting applications for the financial world. It was acquired in 2017 for $850 million!

The Sage Intacct financial intelligence platform is a financial intelligence tool designed to help business leaders make better decisions by understanding their business data. This can include various forms of data generated by the business, such as yearly revenue, payments, expenses, changes in asset values, etc. The tool can unify financial business data from various sources to provide a comprehensive bird’s eye view of the firm’s financial situation.
Moreover, the tool integrates robust reporting features that enable quick, customized reporting for instant decision-making. As Gordon (and we) believe, money doesn’t sleep! The cloud-based budgeting and planning features of this tool allow strategic planning, including creating detailed assets and reports that can be shared quickly or integrated with other platforms. Imagine what the malicious activities Gordon Gekko could have done with such a tool! Shudder!
Tool 3: FreshBooks
FreshBooks, based out of Canada, is essentially an accounting software that excels in managing invoices, accounting and payments. FreshBooks was founded in 2003 and offers four variants to their users – starting from freelancers to an enterprise-grade solution – so everyone can make sense of their financial data, no matter the size. Recently, FreshBooks crossed a market valuation of more than $1 billion!

The expense tracking feature within FreshBooks helps businesses identify and cut down on excess expenses in a smart and systematic way. For example, the tool's mileage tracking feature tracks the movement of a business fleet, including the transportation costs, fuel expenses and driver remunerations, to identify where businesses can cut down on expenses.
The best part is that the tool offers an intuitive mobile app so you can track and manage your finances on the move. Moreover, FreshBooks’ analytics and reporting capabilities help save time as users can churn out customized, real-time reports as per their needs. Yes, Gordon, it can even give you a real-time expense report of how many dollars’ worth of Cuban cigars you’ve smoked!
Tool 4: Budgyt
Budgyt is a financial intelligence firm headquartered in London. Being the youngest on this list by some margin, it was established only in 2017 and today offers predictive trading solutions to leading investment banks, online brokers, central banks and more. Budgyt was recognized as a "High Performer" in G2's Fall 2020 Report.

Budgyt is an intuitive cloud-based financial intelligence platform that makes budgeting and financial planning extremely simple. Its continuous forecasting ability makes Budgyt an excellent choice for businesses that rely on real-time financial data for decision-making. The tool offers intelligent features that analyze financial data and present it in easy-to-digest visuals.
Not only does it boast nice visuals but the tool can also create accurate, personalized finance reports - yes, you can kiss multiple Excel sheets goodbye, Bud!
Tool 5: Xero
Xero is a financial technology and services firm founded in New Zealand in 2006 with offices worldwide. It was named the Top Performer in the "Trust Accounting Software" and "Financial Reporting Software" categories by Capterra in their 2021 shortlist. Guess they're even better than number one - because they are zero! Get it?

Xero is a Financial Intelligence Software that assists businesses in payroll processing and tracking transactions and cash flow in real-time. This software imports business data from various sources to prepare unified tailored reports based on your requirements. Not just financial reports and statements, users can also customize the analytical features to get reports that help gain deeper insights into the businesses' financials.
Automated financial reporting helps businesses balance fiscal sheets and financial statements with ease. Furthermore, the business dashboards display real-time statistics on expenses, debits, payments due, etc. Isn’t that nifty! Another exceptional feature of Xero is the ability to integrate with hundreds of other third-party business apps.
To Sum Up
The more financially savvy you are, the better your chances of succeeding in life are. Don’t take our word for it – that’s what Gordon Gekko told us! One of the most effective ways of managing your finances is using Financial Intelligence Software that works well for your business. It can consolidate every single penny from across all your business transactions to help you manage, plan and forecast better - cause when it comes to money, greed, for lack of a better word, is good!
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