6 Best Finance Management Software Tools for 2025

Whether you're picking your first finance management software tool or want to switch from the one you already use, this article will give an overview of the best-in-breed—accounting software, payroll software, and ERPs. Some for SMBs, some for enterprises, and some for specific industries and geolocations. 

Every tool is excellent for certain purposes.

For those of you who need to connect your finance management software with a business intelligence (BI) tool or a data warehouse, we've listed whether our data integration platform Dataddo offers pre-built connectors for each software.

Click to skip down:

• Sage
• Gusto
• QuickBooks
• Xero
• NetSuite
• Exact Online
• Why use Dataddo to sync your finance data to a dashboard?

Best Payroll Software, Accounting Software, and ERP Software in 2024:

Sage

Sage is primarily a financial accounting vendor focused on SMBs, although they supply software for enterprises as well. Though they serve many products under the Sage umbrella, their basic accounting software offers everything a simple business needs to manage its accounting—from Payroll and invoicing, to tax compliance and forecasting. One software to do it all.

Pros

• Cloud-oriented
• Offers a futuristic report-generating feature
• Integrates with many third-party applications
• Versatile

Cons

• Despite being for small businesses, there is often a learning curve
• Many users complain about the sluggishness of customer support

Pricing: Reasonable, but add-ons (e.g., multi-currency support) can make the software significantly more expensive.

Dataddo Connector: YES

Gusto

If you need any proof of Gusto’s impact, it was recognized by TechRadar editors as one of the most dependable payroll solutions for small businesses in 2024.

The platform has specific and comprehensive features, including time-off management, contractor payments, automatic payroll tax processing, and visual org charts. It makes the most complicated parts of managing business finance straightforward, which is exactly what we'd expect from any financial management software claiming comprehensiveness.

Pros

• Unlimited payroll runs (even for contractors and part-time employees)
• User-friendly interface with minimal learning curve
• Automatic payroll tax filings and compliance features
• High accuracy and dependability in payroll processing

Cons

• No mobile app available
• No built-in geo-tracking for time and attendance management

Pricing: Gusto's pricing starts off reasonable, but per-employee pricing and add-ons for benefits, time tracking, and other HR tools can make the platform expensive for larger teams or businesses with complex functionality requirements.

Dataddo Connector: YES

QuickBooks

QuickBooks deserves some special recognition, not only because they pioneered the "real paper form" look in accounting software, but because their software is particularly easy to use, which makes it a good fit for non-accountants and owners of very small businesses.

Despite its ease of use, it supports a broad range of processes: invoicing, expense tracking, payroll, inventory management, tax preparation, financial reporting, and more.

Pros

• Easy setup & intuitive interface
• Comprehensive features that can grow with a business
• Strong reporting capabilities

Cons

• Lower-tier plan doesn’t include automated tax filing (specific to payroll taxes)
• 1099 filing costs extra
• Higher-tier plans and add-ons can reduce value for money as overall costs rise

Pricing: Generally more scalable than that of Gusto or Sage. While add-ons like payroll or advanced features can increase costs, the standard platform functionality is sufficient for many small and medium-sized organizations without needing heavy customization

Dataddo Connector: YES

NetSuite

Oracle NetSuite is a comprehensive enterprise resource planning (ERP) solution designed to manage financial and operational processes for medium to large businesses. It covers a wide range of business functions, including accounting, inventory management, customer relationship management (CRM), human resources (HR), and e-commerce.

Its ability to unify data from various departments, together with its high customizability, make it an all-in-one management system. Its complexity makes overkill for many smaller businesses.

Pros

• Highly customizable, with industry-specific solutions available
• Comprehensive accounting, budgeting, forecasting, and reporting
• Strong support network and extensive online resources

Cons

• Steep learning curve
• Expensive
• Requires significant initial setup and customization

Pricing: Online information about Netsuite pricing is highly various, indicating a complex pricing scheme. Pricing is most certainly premium.

Dataddo Connector: YES

Xero

Xero is a cloud-based platform designed to help run accounts primarily for small businesses. Currently, it has over 4.2 million users.

Xero offers access to real-time financial data on multiple devices, making it particularly advantageous for business owners on the go. The platform integrates natively with a large library of third-party apps, offering customization and scalability to meet evolving business needs.

Pros

• Simple user interface, usable even by non-accountants
• Allows multiple users, multiple devices at once
• Auto-matching of bank transactions
• Intuitive invoice scanning helps capture and digitize invoices

Cons

• Payroll functionality is limited to certain countries (U.S., UK, Australia)
• No dedicated customer support phone line
• Difficult to delete bill credits

Pricing: As with many of the tools listed here, the pricing starts off friendly, but might become less favorable for larger teams with complex needs.

Dataddo Connector: YES

Exact Online

Exact Online distinguishes itself in a couple of ways.

First, it tailors to sectors such as manufacturing, wholesale distribution, and professional services. It offers deep features for inventory management, production planning, and project management, but at the cost of other standard features or customizability that you find in larger ERP systems like NetSuite.

Second, Exact Online is popular in Europe, especially in the Benelux countries, where it provides strong support for compliance with local tax regulations and multi-currency transactions. If your audience includes businesses operating in Europe, Exact Online may be a good option.

Pros

• Specialized for manufacturing and distribution
• One platform for financials and day-to-day operations
• Designed for European markets
• Real-time tracking of goods

Cons

• Harder to customize beyond what it's designed for
• Not an ideal option for U.S. companies

Pricing: Many businesses will find the pricing reasonable, but it may be a little higher than some of the other tools in this list due to its specialized feature set.

Dataddo Connector: YES

Sync Data from Your Finance Software to Any BI Tool with Dataddo

Though most financial softwares offer inbuilt analytics functionality, it's always limited in scope.

Eventually, most businesses will want to send the data from their financial software to a dedicated visualization tool, where it can be combined with other data for more sophisticated manipulations. The problem with this is that financial software often can't be connected to visualization tools. Dataddo solves this problem, by automating data connections between apps like financial software with BI tools and databases.

Why use Dataddo to connect your financial software tool to a data visualization tool?

A no-code platform, Dataddo is the easiest way to reliably synchronize data from your finanace management software and all your other apps to business intelligence (BI) tools like Power BI, Google's Looker Studio, and Tableau. This will keep your BI dashboards automatically refreshed.

We offer a massive library of connectors, which cover all popular services that business teams today use: finance and accounting, marketing, sales, HR, and more.

How long does it take to connect an app to a BI tool? Just a few minutes. Seriously—no IT skills or coding knowledge required. Watch our videos at Dataddo Academy to see how easy it is.

Using a more niche finance management software not listed on our connector page? We can build a new connector for you in around 10 days!

Try it out for free!