Financial planning and analysis involves evaluating financial data, forecasting future performance, and coming up with strategic insights to guide your business decisions.  

It’s a hefty task, but it’s not one you need to do alone.

FP&A tools can help.

These tools—which automate and streamline key accounting and finance processes—are like having a financial assistant by your side, gliding through budgeting reports, and providing you with insights to make strategic decisions. 

In this article, we give you the lowdown on the 13 best FP&A tools for 2025.

What Is FP&A Software?

Financial planning and analysis (FP&A) software is a digital platform that helps organizations plan, analyze, and manage their financial performance effectively. It’s especially useful for companies looking to streamline their financial operations, gain insight into their data, and use those insights to make strategic financial decisions.

Ideally, an FP&A software will typically have tools for:

• Analyzing and calculating data to provide strategic guidance to executives and boards of directors.
• Supporting organizations to make informed decisions about their present and future financial performance.
• Predicting how various financial activities could impact future investments and devise an action plan to mitigate risks.
• Optimizing organization-wide performance by managing cash flow, minimizing financial threats, and achieving revenue goals.

Here’s how an FP&A can impact and benefit your organization.H3: Why Do You Need an FP&A Tool?Your organization needs an FP&A tool because it makes your work easier. While you can’ t do it all, FP&As can help you lighten the load. FP&A tools also let you:

• Improve overall efficiency: Automation leads to finishing tasks like data consolidation, reporting, and analysis faster than ever. By automating these tasks, you're saving precious resources you can allocate to more pressing tasks.
• Centralize your financial data: Your financial data might be strewn across various ERP spreadsheets and financial tools. FP&A software consolidates disparate data into a tidy, centralized system.
• Make better strategic decisions: FP&A tools (the good ones, anyway)  typically have analytics, dashboards, and reporting to give you insights on your company’s financial health. You can then use these insights to make sound, data-backed financial decisions 
• Optimize budgeting and forecasting: Many FP&A tools offer dynamic planning, which makes it quick and easy to adjust budgets and forecasts based on real-time data. 

Reduce errors: Manual financial planning and analysis can lead to avoidable errors, but FP&A tools aren’t susceptible to the same lapses in judgment.

The Top 12 FP&A Tools for Your Business

Given there are so many FP&A tools on the market, choosing the right fit for your business can be overwhelming. That’s why we’ve handpicked the best of the best, and included features, pros, cons, pricing, and what existing users think of them.

Keep in mind that you can also use free tools such as Excel or Sheets for your financial tasks. Start with using Cledara’s FP&A free spreadsheet template.

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Now, let’s get into the 12 best FP&A tools for your business:

1. Workday

Best for: Enterprises that need a robust cloud-based software for scalable financial planning. 

‍Workday Adaptive Planning is a powerful tool that helps organizations create better reports, plan more strategically, and conduct in-depth analyses. Some of its key features include headcount planning, revenue management, and expense management.

Pros:

• Easy-to-use platform and interdepartmental collaboration capabilities.
• integrates with a wide range of ERP and business solutions, such as Salesforce and Sage.
• Is suitable for large enterprises.

‍Cons:

• Focuses on Enterprise companies, making many features unsustainable for SMBs.
• Can be difficult and complex to configure initially.

Plans and Pricing

G2 rating: 4.3/5 

What Do Customers Say About Workday?

Most users like Workday because of how intuitive and easy-to-use it is as a platform. One Workday user notes: "Workday is very easy to use. We have been able to quickly adopt and implement the solution, provide the flexibility for multiple scenario modeling and unify our global reporting.”

On the other hand, other users often report that Workday’s help system can be complex and hard to follow: “The least helpful part of Workday Adaptive Planning would have to be the help system. I find it is a very complicated system or portal where only certain people are able to really get into it and do the training and forums.”

2. Cube

Best for: Small and mid-sized companies that need a centralized platform for their financial planning process.

Cube is a financial planning software that provides a centralized data source for companies to manage their entire financial planning process. It allows departments to review and report on financial and operational data, and facilitates scenario planning to test financial opportunities and risks.

Pros:

• Business and financial integration with tools like Excel, Google Sheets, NetSuite, QuickBooks, Sage, and more.
• Scenario planning to test financial opportunities and risks.
• Custom dashboards, including data visualization and templates.

Cons:

• No AI capabilities for automating and streamlining tasks.
• Has a limited number of dimensions, making reporting inflexible. 
• Transferring data between dimensions and structures is often complex and time-consuming.

‍Plans and Pricing

G2 rating: 4.5/5

What Do Customers Say About Cube?

One customer notes how user-friendly Cube is:  “Cube is user-friendly and helps with analysis at all levels of detail (from a consolidated P&L view or from detailed transaction level).”

While certainly helpful, others have reported that Cube lacks automation support to efficiently streamline financial operations—with one user asking for“more automation tools to be implemented for planning process support.”

3. Maxio

Best for: B2B SaaS companies seeking to automate their subscription billing and optimize their financial operations. 

Maxio is an FP&A tool that provides billing and financial operations solutions to B2B SaaS companies that want to manage their order-to-cash process. Some of its main features include subscription billing and management, and SaaS metrics to help companies manage customer lifecycles. 

Pros:

• Delivers regular, automated reports for better strategic decision-making.
• Integrates with other popular tools like Xero, Quickbooks, and Salesforce. 
• Ensures ASC 606 and GAAP compliance, reducing the risk of financial misstatements.

‍Cons:

• Advanced features may have a steep learning curve.
• Interface can be confusing and difficult to navigate.
• Can be considered expensive for boot-strapped startups on a budget.

‍Plans and Pricing

G2 rating: 4.3/5

What Do Customers Say About Maxio?

Most customers praise Maxio because of its range of comprehensive options and functionalities. One user emphasizes. “I appreciate Maxio's flexibility and the range of features it offers. Its workflows are comprehensive.” However, many have also noted Maxio’s lacking customer support: “The biggest issue is that we brought a revenue reporting issue to their attention and in 3 weeks, it still has not been addressed. Their support refuses to get on the phone, and there is no path to escalation.” 

4. Anaplan

Best for: Enterprises that need cross-functional collaboration across finance, operations, and sales.

Anaplan is a business performance solution that’s ideal for enterprise-level companies. Some of its main features include multi-dimensional and consistent scenario planning and modeling and a library that includes 200 pre-built models, allowing finance professionals to enhance their processes.

Pros:

• Unifies company data and planning processes into a single platform, making cross-team collaboration easy and efficient. 
• Customizable and user-friendly dashboards make it easy for beginners, finance, and non-finance teams to use models with ease.
• Offers flexible models, forecasts, and scenario solutions that save companies time and effort.

‍Cons:

• Has a steep learning curve. 
• Limited reporting capabilities. 
• Sometimes has issues handling large data models. 

Plans and Pricing

G2 rating: 4.6/5

What Do Customers Say About Anaplan? 

Out of Anaplan’s many benefits, customers report how often the software adds new features to make finance operations easier: “Anaplan's platform continues to evolve in an incredible way. Just in the last 18 months, the following has been released: app native workflow, build in data management, AI, brand new tech that builds models for you ("T&Q app"). It's changing what you expect from an EPM tool.” 

However, Anaplan is not without its drawbacks. Customers often note that it isn't the most intuitive platform: “I like Anaplan a lot overall, however I believe there is space for improvement in UX to improve usability.”

5. Planful

Best for: Mid-sized organizations looking to streamline budgeting, forecasting, and reporting processes.

Planful is a financial performance management platform that enables organizations to make more impactful business decisions. Some of its core features include pre-built financial planning templates, automated and ad-hoc reporting, and financial close processes. 

Pros:

• Streamlines business-wide planning with a comprehensive set of tools.
• Improves budget management and consolidations.
• Collaborative workflows lets your stakeholders review, comment on, and approve budgets real time.

Cons:

• Slow data retrieval and manipulation can delay real-time analytics and, by extension, decision-making.
• Steep learning curve means your team requires onboarding and training.
• Difficult implementation processes can cause issues when adopting the software.

‍Plans and Pricing

‍Planful offers custom pricing on a case-by-case basis.

‍G2 rating: 4.3/5 

‍What Do Customers Say About Planful?

‍Customers praise Planful because of its helpful core features that automate finance operations: “Its design (structured planning, substitution variable, dynamic reporting) makes the finance process planning budgeting forecasting much easier, saving lots of time and making it easier to ensure accuracy.” On the other hand, some customers encounter issues with configuring Planday and integrating it with their tech stack: “Integration has not been as easy at first but we're learning as we go.”

6. Prophix

Best for: Mid-sized companies looking to consolidate cross-departmental data for accurate finance planning. 

Prophix is a Corporate Performance Management (CPM) software that helps organizations maximize profitability and minimize error-prone risks. It has a range of essential features like real-time financial insights (budgeting, forecasting, and planning) and multiple scenario planning.

Pros:

• Comprehensive data visualization and analysis capabilities.
• Variance analysis helps users understand deviance between planned and actual finance performance.
• Integrations with other systems (e.g. CRM and ERP systems).

Cons:

• Integration with other tools is often exceptionally difficult.
• Importing data from other ERP systems is often confusing. 
• Larger data sets and complex calculations often slow down the system.

‍Plans and Pricing

‍Prophix offers custom pricing.

‍G2 rating: 4.4/5

‍What Do Customers Say About Prophix?

‍Most of all, customers praise Prophix for its flexible automation features: “The automation features save a ton of time, especially when it comes to consolidating data across multiple departments or business units. It’s also flexible enough to tailor to specific needs, which is great for companies of different sizes and industries.”  However, that’s only if you can get past Phrophix’s drawn out implementation and less-than-intuitive UI: “I don't believe that Prophix is the easiest software to use. The UI of this system could use some work. Implementation was a long process and I don't believe it was handled correctly with my team, as most team members were not involved in the implementation.”

7. Monitr

Best for: Small companies looking to automate basic finance tasks like planning, reporting, and forecasting.

Monitr is a platform designed to automate cash flow forecasting and financial reporting. It consolidates data and provides real-time dashboards, giving insights to financial professionals and helping them make-data backed strategic decisions.

Pros:

• Offers report generation with customizable income statements, balance sheet, and cash flow statements.
• Integrates with accounting, CRM, project, and operational tools 
• Helps assess strategic decisions with financial scenarios and real-time data

Cons:

• While beneficial for smaller companies, Monitr may lack advanced financial features important for enterprises, such as variance analysis.

‍Plans and Pricing

G2 rating: Monitr does not have any G2 reviews.

What Do Customers Say About Monitr?

Monitr does not yet have user reviews.

8. Vena

Best for: Companies looking to centralize their finance workflows

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Vena is a complete financial management and budgeting platform that centralizes workflows and budgets with an Excel-like interface. This makes Vena an extremely flexible platform with features for annual budget management and conducting monthly, yearly, or quarterly forecasts.

Pros:

• Real-time analysis and insights make it easy for teams to make date-backed decisions efficiently. 
• Variance analysis compares actuals against forecasts and planning.
• A single view of company and financial health for consistent reporting across departments.

Cons:

• Relies on a third-party BI tool that requires coding to maintain. 
• Reports of slow loading times.
• Cost can be steep for smaller companies.

‍Plans and Pricing

‍Vena offers custom pricing. 

‍G2 rating: 4.6/5 

‍What Do Customers Say About Vena?

‍Many users note that Vena offers a smooth and seamless experience because of its easy to use, excel-based interface: “I like its intuitive and excel-based interface that is easy to use for us that we are already familiar with Microsoft Excel and its wide range of robust features including budgeting, forecasting, reporting and analysis that allows us to manage financial planning and analysis processes efficiently.” While Vena is certainly a useful tool for your stack, it can be hard to learn for many: “Even with the excel-based interface, it is still a steep learning curve for mastering all of its features and functionalities and it can take time and effort.”

9. Datarails

Best for: Companies that want to streamline finance reporting with AI-powered insights.

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DataRails is an AI-powered FP&A tool that focuses on centralizing disparate financial data while automating reporting and planning. It lets users work in a familiar Excel environment, with a range of advanced features like scenario modeling, data visualization and AI-driven insights. 

Pros:

• Integrates seamlessly with Excel, letting professionals use their existing spreadsheets while leveraging AI-powered insights and automation.
• Intuitive and easy-to-use design.
• Flexible and agile reporting capabilities. 

Cons:

• Sometimes DataRail’s performance slows down due to large data sets.
• Lack of customization options might be limiting for some users. 

‍Plans and Pricing

‍DataRails offers custom pricing.

‍G2 rating: 4.7/5

‍What Do Customers Say About DataRails?

‍Most users note that DataRails has intuitive features that make finance planning easy: “The software provided my team a lot of benefits including the ability to streamline and automate monthly financial reporting packages and data validation.” However, users have also reported problems with inputting large data sets in the early implementation phase: “Upon initial implementation, we overwhelmed the application with data to the point that it was unable to process and output the information we needed.”

10. NetSuite Planning and Budgeting

Best for: Large companies looking to automate financial planning, budgeting, and forecasting.

NetSuite is a cloud-based platform built to help financial professionals streamline and automate financial planning, budgeting, and forecasting. Besides a range of important finance features like scenario planning and analytics, NetSuite planning and budgeting also integrates seamlessly with NetSuite ERP for a unified financial management platform.

Pros:

• Automates company-wide and departmental budgeting while also helping track reviews and approvals. 
• Includes multiple reporting tools such as financial statements, variance analyses, and dashboards for strategic decision-making. 
• Built with scalability in mind, it can accommodate companies of various sizes. 

‍Cons:

• Slow implementation process can make onboarding tough.
• While customizable, dashboards and analytics can be difficult to configure.

‍Plans and Pricing

‍Netsuite offers a basic license for $999 per month, with different add-ons and feature modules like planning and budgeting raising the price. ‍

G2 rating: 4/5 

‍What Do Customers Say About Netsuite Planning and Budgeting?

‍Many users like Netsuite because it helps teams collaborate with ease: “NetSuite has enabled more seamless collaboration of efforts within my team structure, enabling us to easily share custom reporting, and delegate tasks like bank reconciliations without duplicating efforts.”But there are some downsides. For example, users report how difficult it can be to effectively use advanced functions like analytics: “The least favorite thing is the advanced analytics, saved searches, datasets, etc. Seems like only a computer programmer can figure it out. Even in the training sessions, there are so many tricks, codes, etc. for this portion, it is difficult to do.”

11. Pry

Best for: SMBs that need to monitor their finance with easy-to-use dashboards.

Pry is a cloud-based platform designed to streamline various finance tasks such as budgeting, forecasting and modeling for small to medium sized businesses. It’s renowned for its intuitive interface and easy-to-use KPI dashboards, helping businesses track their financial health.

Pros:

• Create detailed financial projections including models, reports, and forecasting for databacked financial decision making.
• Scenario planning lets users evaluate various financial possibilities and make informed decisions.
• Seamlessly integrates with important accounting tools like Quickbooks and Xero.

Cons:

• May lack complex financial features for larger companies or enterprises.
• Many users find the set up and implementation phase complex and time-consuming.

Plans and Pricing

G2 rating: 4.6/5 

What Do Customers Say About Pry?

Most users praise Pry because of its comprehensive, yet easy-to-use dashboards: “The diagrams and charts are perfect for providing key stakeholders and board members a quick snapshot of where the business is and the cash outlook.” 

That being said, some users state that some functions come with a learning curve: “There's a bit of a learning curve with the custom variables but the Pry team is great at enabling you with an onboarding experience. I had several calls where my customer service rep built the dashboards we needed.”

12. Jedox

Best for: Enterprises that need advanced reporting across multiple business functions. 

Jedox is an enterprise management software that sports a range of features—such as integrated planning, analytics, and reporting—across different business functions, like sales, procurement, finance, and human resources. It also offers interfaces for Excel, mobile devices, and web browsers. This helps users continue to use their existing workflow while optimizing it through data integration.

Pros:

• Available prebuilt models for reporting, planning, and analysis which can be customized to meet specific business needs. 
• Supports multi-dimensional data analysis, making it easy to manage complex data sets.
• Supports multiple languages and currencies, making it an accessible solution for global teams. 

Cons:

• Using Jedox successfully can involve a steep learning curve. 
• Help documentation for Jedox is often lacking in detail, making troubleshooting difficult.

Plans and Pricing

‍Jedox offers custom pricing.

‍G2 rating: 4.4 / 5 

‍What Do Customers Say About Jedox?

‍Most users note how efficient, flexible, and simple Jedox is when working with large data sets: “Jedox offers a very user-friendly experience, simplifying budgeting, financial analysis and reporting process effortlessly. Its strength lies in handling large datasets with flexibility for easy modifications. It gives you an opportunity to connect Jedox with SQL databases and also make input files in excel and upload it in Jedox.” There aren’t many downsides to Jedox. However, some users note that not all features are intuitive: “Some elements of interface could be more user-friendly - Rules editor is developing over time but still remains not 100% user friendly.”

How To Choose The Best FP&A Software for Your Needs

There are many tools on the market. The only issue is that choosing the right one can be overwhelming. So…

• Start with your needs: Before looking at tools, talk to your team and agree on a list of must-have features. Ask yourself: “What do we need to make our jobs easier?” This could be anything from automating budgeting to creating what-if finance scenarios. Then, look for tools that offer these capabilities as part of their core functions. 
• Check integrations: A tool that can’t integrate with your existing systems creates more problems than it solves. Before committing, check how well your chosen solution can work with your existing systems and accounting workflow and software.
• Consider customer care and community support: As intuitive as many FP&A solutions can be, most of them have a bit of a learning curve. You might need customer support, tutorials, and help centers to complete tasks. Pay close attention to what users say about a tool’s customer support and available resources. Otherwise, you may end up spending more time getting frustrated than planning.
• Consider future scalability: Your company will likely grow at some point, and your FP&A tool needs to grow with it. Consider scalable tools that accommodate large data sets, cross team collaboration, and modular features to avoid replacing it down the road.

‍Take Control Of Your SaaS Stack to Enhance Your FP&A

‍As your company grows, implementing financial planning and analysis (FP&A) becomes a top priority. But it isn’t your only priority. FP&A fits into a wide range of finance tasks, and introducing yet another tool to your tech stack can be labor-intensive and time-consuming.
Fortunately, there are platforms that can help you gain visibility into all your software expenses, improve your financial performance, and provide long-term accuracy. One such tool is Cledara.
Cledara is the SaaS management tool that helps Finance teams:

• Get complete visibility of their SaaS expenses, including any FP&A solutions.
• Gain actionable insights for better contract and purchasing negotiations, right-sizing, rationalizing, and cost-effectively optimizing their stack.
• Ensure compliance and reduce risks with better SaaS governance, preventing inaccurate onboarding and offboarding processes.

To learn more about how Cledara can improve your SaaS costs, budget, and forecasting, book a demo today.