Financial modeling is about the past, present, and future. Aggregated and analyzed historical data shows businesses not only the current financial health of a business but also an accurate estimate of the organization’s financial future.
The best financial models are developed with financial modeling tools.
Financial analyst professionals use financial modeling tools to determine a company's value or a project's viability. The primary purpose of the software is to provide an outlook for specific business conditions to maximize profitability and opportunity.
Financial model spreadsheets: These are usually Excel spreadsheets that have been created from scratch by an FP&A professional.
FP&A teams must manually aggregate, input, and analyze the data to create financial modeling spreadsheets. This is time-consuming and can lead to human error.
Financial modeling software: Financial modeling software or financial model builders are tools that make financial modeling easier, more efficient, and less resource-consuming. They use machine learning and artificial intelligence to automatically pull and analyze data for financial teams.
These tools sharply reduce the risk of user errors. Generated graphs and charts offer instant visuals on patterns and trends to help facilitate decision-making.
Accurate and accessible financial models are invaluable to every organization.
So, we’ve done an overview of the best financial modeling software options on the market right now.
Yes—we started with Cube. We’re proud of our software and how it supports our clients’ daily financial operations.
Let’s get started!
Cube is a first-of-its-kind FP&A software platform that allows you to automate, actualize, and control data with the click of a button. Integrated spreadsheets currently in your business model can be transformed into usable data. Financial teams can avoid busy work and focus on analysis and growth.
Automate manual workflows, reduce errors, and improve collaboration so that you can make smarter business decisions quickly.
Cube offers faster time to value (most companies are finished onboarding within two weeks) and is competitively priced.
Key Features:
Pros:
Cons:
Pricing:
Oracle BI pairs with other Oracle products to deliver visual analytics and calculations for sales, HR, supply chain, and more. The platform combines machine learning and artificial intelligence to data to support decision-making and predictions.
Key Features:
Pros:
Cons:
Pricing:
While pricing isn’t listed on their site, sources report Oracle offers three plans:
Jirav works to offer faster and more collaborative financial planning. Users can employ driver-based budgeting models to merge company-wide data, create predictions and forecasts, and facilitate real-time feedback and collaboration.
Key Features:
Pros:
Cons:
Pricing:
Finmark helps business plan for growth by building accurate financial models. Finmark is best for smaller businesses and startups seeking guidance in creating hiring plans, fundraising goals, and scenario planning.
Key Features:
Pros:
Cons:
Pricing:
Quantrix is an integrated modeling platform that enables users to make decision-making easier. The platform focuses on error-proofing financial data interactions for enterprise-level businesses.
Key Features:
Pros:
Cons:
Pricing:
Synario is a financial modeling app with pre-mapped accounting and integrated financial statements. You can customize their financial models for initial analysis or to create presentations for stakeholders. Synario is cloud-based, so no installation is required.
Key Features:
Pros:
Cons:
Pricing:
IBM Cognos is an IBM Watson-powered solution for cleaning, collecting, and analyzing data. It provides automated data prep and exploration, user-generated reports, and data visualizations of current and projected business operations.
Key Features:
Pros:
Cons:
Pricing:
Cube is brilliant financial modeling software for startups and fast-growing SMBs. Businesses expecting and experiencing growth can find scalable models and simplified processes that take the guesswork out of scaling.
Cube offers faster time to value (most companies are finished onboarding within two weeks) and is competitively priced.
It’s possible to create a financial model for free with Google Sheets or Excel. However, paid financial modeling software is a faster, easier, and more efficient solution for gathering and analyzing mass amounts of data.
Most financial modeling tools offer a free trial (usually up to 30 days) that will allow you to test the software before purchasing.
When finance teams attempt to replace their spreadsheets with heavy tech, 81% revert back. They don’t want to have to learn and implement new finance software—they want software that makes their work easier.
That software is Cube.
Cube is the first spreadsheet-native FP&A platform that helps strategic finance teams build multi-scenario plans, track performance, and drive business decisions using the spreadsheets they've come to rely on.
Cube empowers teams to drive better planning and performance without changing how they work by integrating FP&A automation and workflows into the daily tools users live in.
This reduces implementation time so customers can get started with Cube in a matter of days or weeks.
While many of the above products work well in the real estate industry, Cube remains a top pick thanks to its ease of use, quick setup, and simple integrations.
Spreadsheet-based information can be plugged into Cube’s software to build reliable, accurate financial models for any real estate business. From superior scenario planning to operating expense planning, Cube has you covered.
In addition to real estate, Cube works great for all industries, including:
Read Cube customer success stories.
Better, more accurate financial models are invaluable to every organization.
And financial modeling doesn’t have to be a chore if you have the right modeling tools.
The most intuitive financial modeling and FP&A software on the market is Cube. This next-generation platform handles every aspect of integrating, organizing, and managing financial data.
Cube makes performing complex analyses easy and helps provide a clear understanding of the financial health of your business.