Last updated June 5th 2024

What is Financial Management? The Complete 2025 Guide

Streamlined accounting tools for better financial management.

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What is Financial Management?

Get comprehensive financial management tools to streamline accounting processes, manage cash flow, and ensure regulatory compliance. Integrates financial data with other business processes, offering valuable insights into overall business performance.

Products for Financial Management

We’ve listed the products and solutions that commonly address the Financial Management use case below.

Sage Business Cloud X3 logo

An advanced ERP solution for larger enterprises, offering finance, supply chain, and manufacturing management features.

PeopleSoft logo

An Oracle product that provides comprehensive business and industry solutions, including human capital management, financial management, and supply chain management.

SAP Business One logo

A comprehensive, scalable ERP solution designed for small to mid-sized businesses, offering financial, sales, and operational management capabilities.

Netsuite ERP logo

A comprehensive cloud-based ERP solution for businesses, offering finance, supply chain, HR, and procurement features.

Epicor Kinetic logo

A flexible, cloud-based ERP platform designed for manufacturing, distribution, and services industries, offering end-to-end business process management.

Oracle Fusion Cloud ERP logo

A complete and integrated cloud-based ERP suite, providing financial, procurement, and risk management solutions for businesses.

QAD Adaptive ERP logo

A cloud-based ERP solution for manufacturing companies, providing capabilities for finance, supply chain, customer management, and manufacturing execution.

IFS Cloud ERP logo

A comprehensive ERP solution that provides businesses with tools for finance, HR, manufacturing, supply chain management, and other core functions.

Infor CloudSuite logo

A suite of industry-specific, cloud-based ERP solutions that offer financial, supply chain, and human capital management features.

SAP S/4HANA ERP logo

A next-generation, intelligent ERP suite built on the SAP HANA in-memory platform, offering real-time analytics and automation capabilities.

Dynamics 365 logo

A suite of intelligent business applications from Microsoft, including ERP, CRM, and AI-driven insights to optimize business processes.

Sage 300 logo

A modular, adaptable ERP solution for small to mid-sized businesses, offering financial, inventory, and operational management capabilities.

SAP Business ByDesign logo

A cloud-based ERP solution for mid-market companies and subsidiaries, offering end-to-end business process management and integration.

Financial Management Features

Customize these feature priorities in Taloflow and get expert ratings for 15 different vendors and solutions, including None.

Feature Dimensions Description Priority
Accounts Payable
  • Finance and Accounting
Analyze and display financial data and manage company assets. Critical
Accounts Receivable
  • Finance and Accounting
Break down projects into simpler items, plan and track progress, and generate revenue recognition journals. Critical
Bank Reconciliation
  • Finance and Accounting
Deploy on-premises, on private or public cloud, or in a hybrid way. Critical
Budget Planning and Control
  • Finance and Accounting
Manage inventory levels, predict demand, track product lots and warehouse inventory, and create item categories. Critical
Cost Accounting
  • Finance and Accounting
Manage multiple locations and transfers, generate reports, and track item lists and counts. Critical
Financial Reporting
  • Finance and Accounting
Finance and accounting teams can analyze and display financial data. Critical
General Ledger
  • Finance and Accounting
Import and reconcile bank statements, handle and process supplier invoices. Critical
In-Built Audit Workbench
  • Finance and Accounting
Support integration with various systems, run critical workloads, and ensure data integrity and consistency. Critical
Invoice Processing
  • Finance and Accounting
Support version control, testing, data transfer, customization, and workflow definition. Critical
SOX
  • Compliance
Standard for public companies that ensures that annual audits take place and are legally required to show evidence of accurate and secure financial reporting. Critical
CCPA
  • Compliance
Regulation on data protection and privacy of the data tied to residents of California. Important
Data Encryption
Secure data with encryption in transit or when stored in the cloud. Important
GDPR
  • Compliance
Regulation on data protection and privacy of the data tied to citizens and residents of EU countries. Important
Multi-factor Authentication
  • Security
Support available for customers to add an extra security step to the authentication process. Important
Role-based Access Control
  • Security
Support available for defining custom user roles and associated permissions. Important
Data Masking
Secure sensitive data by permanently replacing sensitive data with fictitious yet realistic-looking data. Nice To Have
Secure Socket Layer (SSL) / Transport Layer Security (TLS)
  • Security
Secure web communication in the ERP by using cryptographic protocols that provide authentication and data encryption. Nice To Have
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