It’s undeniable that personal finance applications in Singapore have been all the rage. From person-to-person transfer to personal spending trackers, the finance app market in Singapore is expanding rapidly.
What about business finance apps? Business finance apps are still relatively unused in Singapore, with companies preferring to track financial flows with excel or outdated software.
If you’re a huge multinational corporation, you might have your own business finance platforms. But for small business owners, getting the best business finance apps for your company could help to save time and effort when it comes to managing your transactions.
The best part about business finance apps is their ability to streamline your business processes. As a small to medium business owner, you’ll probably be neck deep in paperwork, reports, and transactions. Managing the inflow of information can be pretty overwhelming without the help of some handy apps.
The best business finance apps can help to take the load off your shoulder by offering services such as:
To give you a better idea of the options out in the market, we’ve prepared a rundown of some!
One of the heavyweights in the bookkeeping app market, QuickBooks is considered an essential when it comes to small business accounting.
QuickBooks offers an intuitive user-interface along with finance features you’ll need as a small business owner. These include invoicing, payroll, managing bills from vendors, expense tracking, and inventory tracking.
The best part of this business finance app is that it connects to a myriad of business bank accounts, and uploads data from these sources without a hitch. You’ll also be able to keep track of your expenses using the built in photo upload feature—simply snap a picture of your receipts for easy consolidation.
FreshBooks gives small-business owners, and entrepreneurs an easy alternative to manage invoices. Say goodbye to using word-document for your monthly invoices. This finance app allows you to create personalised and professional invoices, and even lets you bill clients for recurring ones!
Similar to QuickBooks, FreshBooks also allows users to record and track expenses, and creates customisable business reports to help you visualise your goals.
No more spending hours on spreadsheets, squinting your eyes at the numbers. Oracle Netsuite provides a robust suite of financial tools for all your small business needs.
With NetSuite’s financial management system, you’ll be able to visualise your expenses and potential growth across a large time period, allowing you to make informed decisions about your business strategy.
Features of Netsuite include the management of accounts, tax management, financial reporting, and more.
If you’re looking to expand beyond finances, NetSuite also has features that allow for inventory management and customer relationship management (CRM) systems. Utilising one platform allows small business owners like yourself to save operating costs and time.
One of the leading cloud-based business management softwares, Deskera is an all-in-one platform for small business owners to manage their business flows.
In terms of business finance, Deskera offers an instant real-time view of everything related to your business finances. This includes transactions, invoices, and incoming payments.
Deskera offers three business packages:
Being a full-fledged cloud-based business software, you could also dabble with other features Deskera offers. Give their team management and communication widgets a go!
Although slightly different from the previous business finance applications mentioned, this business finance app has its own unique perks.
Aspire is an all-in-one business finance platform. Business owners like yourself can open a business account, use your business debit card, and apply for credit lines all in one app.
Easily compacted into one application, you’ll be able to stay on top of your business finances. Monitor your business expenses using real-time updates on your Aspire Visa Card.
The best part? Have everything linked to Xero. Your financial statements are fully taken care of using the fastest sync on the market—quick and easy accounting on the go.
With this business finance app, you no longer have to toggle between two or more business finance platforms.