Struggling with your financial forecasts?
Outdated spreadsheets and manual data entry often lead to costly errors, making truly reliable forecasting feel almost impossible for your team.
Worse, presenting unreliable numbers to stakeholders or investors can seriously undermine your credibility and put your company’s entire future at risk.
Accenture reports that 65% of repetitive tasks in financial modeling will be automated by 2025. This highlights just how much time is wasted on processes that modern software can handle.
While we’re discussing software tools for business efficiency, understanding HR compliance software is equally important for avoiding operational risks.
The right tool moves you beyond these manual inefficiencies, letting you build accurate, data-driven forecasts with both confidence and speed.
In this guide, I’ll review the best financial modeling software for 2025, helping you cut through the noise and find a solution that fits your specific needs.
You’ll discover powerful tools to automate projections, run complex scenarios, and present your financial story with total confidence.
Let’s dive right in.
Quick Summary:
| # | Software | Rating | Best For |
|---|---|---|---|
| 1 | Quantrix → | Financial analysts & investment pros | |
| 2 | Finmark → | Founders & small to mid-sized businesses | |
| 3 | Jirav → | Scaling financial professionals | |
| 4 | Planful → | Mid-sized companies & finance teams | |
| 5 | Mosaic → | Growing companies & finance teams |
1. Quantrix
Struggling with complex financial models and data overload?
Quantrix offers an award-winning multi-dimensional modeling application, Quantrix Modeler, to simplify professional business modeling. This means you can easily move away from traditional spreadsheets.
It helps modernize your finance and operational practices, improving throughput, analytics, and traceability. The platform transforms your operations by providing new and innovative approaches to business challenges.
Here’s how to overcome spreadsheet limitations.
Quantrix solves this by utilizing a cutting-edge multi-dimensional calculation engine that handles billions of data points from virtually any source. You can access your critical models with a seamless online-offline experience.
Its unique modeling environment offers built-in version control, security, user roles, and permissions, enabling you to develop and model financial and operational scenarios with confidence. This integrated platform ensures you can share and collaborate on multi-dimensional models with colleagues and clients securely from anywhere. Plus, its robust APIs allow leading organizations to customize the technology to their specific needs.
The result is increased efficiency and streamlined processes, empowering everyone with access to critical business outcomes, ultimately eliminating time-consuming business practices and enabling better decision-making.
Key features:
- Multi-dimensional calculation engine: Handles billions of data points from any source, moving your financial and business modeling beyond traditional spreadsheets.
- Secure collaboration and sharing: Quantrix Qloud allows secure, cloud-based sharing and real-time collaboration on multi-dimensional models with colleagues and clients.
- Integrated enterprise platform: Combines powerful modeling tools with built-in version control, security, user roles, and permissions for next-generation business modeling.
Learn more about Quantrix features, pricing, & alternatives →
Verdict: Quantrix provides an integrated solution for modernizing financial and operational practices, making it an excellent choice for the best financial modeling software. Its ability to handle vast data, offer secure collaboration, and provide robust APIs helps teams easily manage forecasting, budgeting, and scenario planning, significantly improving efficiency for financial analysts and investment professionals.
2. Finmark
Are you tired of spreadsheet headaches and manual data entry?
I know the frustration of trying to balance advanced forecasting with ease of use. Finmark tackles this by automating data from your accounting and billing systems.
This means you can instantly and automatically compare your budget to actuals, streamlining month-end close and board reporting. It literally saves you hours of tedious number-crunching.
So, how does Finmark solve this?
Finmark offers a financial command center designed to give you a holistic view of your business. This allows you to turn insights into confident decisions, especially for founders and small to mid-sized businesses.
You can forecast revenue and create multiple scenarios to test your assumptions, comparing models directly in your dashboard. This flexibility helps you prepare for anything your business might face.
Additionally, Finmark centralizes budgeting and automates hiring planning, syncing with your payroll system to keep headcount up-to-date. Plus, you can plan for fundraising with dynamic hiring plans, seeing how decisions impact your bottom line, and collaborate with internal and external stakeholders while protecting sensitive information.
The result? You unlock growth insights in your finances.
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Key features:
- Real-time data and analysis: Automatically syncs actuals from your accounting and billing systems to give you an instant, accurate view of your finances.
- Scenario planning and collaboration: Enables you to create and compare multiple financial plans, allowing easy collaboration and secure sharing with stakeholders without version control issues.
- Centralized budgeting and automated hiring: Provides tools for centralized budgeting, revenue forecasting, and automated headcount planning that integrates with payroll, showing immediate impact on your business.
Learn more about Finmark features, pricing, & alternatives →
Verdict: Finmark simplifies complex financial planning by automating data and offering robust scenario planning, making it an excellent choice for founders, small businesses, and mid-sized companies seeking the best financial modeling software. Its real-time analytics and collaborative features will save you hours, giving you strategic insights for growth.
3. Jirav
Tired of outdated spreadsheets for financial modeling?
Jirav helps you move beyond V50 Excel models with an all-in-one forecasting, budgeting, reporting, and dashboarding solution. This means you can confidently drive your business forward.
It tackles the overwhelming choice of tools, offering a dynamic approach for leadership-approved plans. You’ll easily navigate complex models.
Here’s how to simplify your financial planning.
Jirav streamlines budgeting and forecasting, helping you reach new financial heights. You can quickly connect accounting, workforce, and operational data to build your planning foundation.
Plus, you can construct budgets, forecasts, and multiple scenario plans to analyze business changes, staying on track to reach growth milestones. Automate reporting and analytics to compare actuals to budgets, and evaluate new ideas in a flash, making informed decisions. The result is always having a pulse on your cash flow.
Key features:
- Integrated Forecasting: Gain control of annual planning by ditching manual Excel models, leveraging dynamic 3-statement pro forma modeling for leadership-approved plans.
- Dynamic Scenario Planning: Create multiple financial scenarios instantly, based on board input, allowing you to evaluate new ideas and make informed business decisions.
- Automated Reporting & Dashboards: Streamline your monthly close process, create customized reports with a few clicks, and easily share financial packages with key stakeholders.
Learn more about Jirav features, pricing, & alternatives →
Verdict: For financial professionals seeking a best financial modeling software that scales, Jirav offers a powerful all-in-one solution. With features like dynamic scenario planning and automated reporting, it empowers you to manage cash flow and tell your financial story, as demonstrated by companies like Weatherford Capital tripling AUM.
4. Planful
Do you need help with your financial modeling?
Many companies face challenges in balancing advanced forecasting with ease of use. Planful offers AI-driven insights to help your team achieve peak financial performance and agility.
It eliminates manual, time-consuming processes, providing you with better insights and confidence to guide your business. This means you can focus on driving more impactful decisions.
This is your one-stop shop for financial performance.
Planful solves this by offering a platform purpose-built with financial intelligence, enabling you to transform how you plan, close, and report. You can align your strategic business objectives with planning, budgeting, and forecasting processes.
The platform includes Planful AI for intelligent insights and machine learning to create budgets based on historical data, with features like Signals to detect anomalies and flag potential risks. Additionally, its help assistant instantly provides answers and completes tasks, enabling an effortless user experience. Plus, you can explore various scenarios and manage complex processes with trusted, role-based security.
The result is unparalleled forecasting accuracy and real-time collaboration.
Key features:
- Planful AI: Elevate your financial decision-making with intelligent, AI-driven insights that leverage machine learning to create accurate budgets based on your historical data.
- Seamless Integrations: Connect your data with flexible, transparent, and always-on data integrations, ensuring you have a complete and accurate view of your financial landscape.
- Robust Security and Support: Benefit from platform-wide data confidentiality, integrity, and availability, coupled with dedicated service and support to ensure your success.
Learn more about Planful features, pricing, & alternatives →
Verdict: If you’re seeking the best financial modeling software to gain speed, insights, and confidence in guiding your business growth, Planful is an excellent choice. Its AI-driven forecasting and scenario analysis capabilities, as seen in PS Logistics’ 80% faster monthly close and $2.4 million annual savings, make it ideal for driving peak financial performance and operational efficiency.
5. Mosaic
Struggling with manual financial modeling and data overwhelm?
Mosaic offers powerful, easy-to-use FP&A software that helps you focus on strategic growth by controlling spend and driving revenue. This means less time on data wrangling and more on what truly matters.
You can automate metrics and analysis to stay focused on the future, not just the past. It streamlines budgeting and forecasting processes.
Ready to simplify your financial planning?
Mosaic allows you to manage multiple scenarios with ease, providing accurate plans and flexible forecast methods. You can say goodbye to formula errors or corrupted worksheets.
Here’s how: Arc AI identifies performance drivers and summarizes trends in board-ready formats, while Metric Builder provides over 150 out-of-the-box metrics or lets you customize your own. Additionally, collaborative budgeting tools empower your business partners to forecast expenses, streamlining workflows.
This enables you to go from data to decision faster, boosting accuracy with vendor-level and driver-based forecasting for maximized impact.
The result? Faster FP&A with fewer errors.
Key features:
- Comprehensive Planning Modules: Control spend with robust expense, revenue, headcount, financial reporting, cashflow forecasting, and financial consolidations, all within a single platform for integrated financial management.
- AI-Powered Insights & Custom Metrics: Leverage Arc AI to identify performance drivers and summarize trends in board-ready formats, plus utilize Metric Builder for 150+ out-of-the-box or custom KPIs to track critical success factors.
- Collaborative Budgeting & Seamless Integrations: Facilitate team-based planning by inviting business partners to forecast expenses and headcount, while connecting to your most important systems for real-time data insights without technical resources.
Learn more about Mosaic features, pricing, & alternatives →
Verdict: Mosaic is an excellent choice as the best financial modeling software for growing companies and finance teams. Its integrated planning modules, AI-powered insights, and collaborative features help streamline complex financial processes, potentially replacing the need for 1.5 financial analysts and saving up to $350k per year.
6. Jedox
Struggling to make sense of complex financial data?
Jedox empowers you to make planning, budgeting, and forecasting efficient. This means transforming your financial processes with integrated analysis and reporting.
You can streamline your financial planning and analysis (FP&A) with their platform, enabling hyper-automation to reduce manual efforts and unify your data. Here’s how.
Achieve effortless analysis and reporting.
Jedox introduces AI-enhanced capabilities, allowing you to turn numbers into trusted insights that guide your business forward. This ensures robust scenario planning and financial modeling for your growing company.
You can operate autonomously with AI and no-code capabilities, leveraging an Excel-like interface for rapid adoption. This makes it simple to involve everyone in value creation through easy-to-understand FP&A solutions, including drag-and-drop dashboards.
Additionally, Jedox helps integrate data from any source—ERP, HCM, CRM, and data lakes—to create a single source of truth, aligning all stakeholders. This adaptability allows you to build any model, run unlimited simulations, and make confident decisions with transparent AI support.
Plan your future, achieve your goals.
Key features:
- Hyper-automate FP&A: Reduce manual efforts and gain effortless analysis and reporting by automating financial planning, budgeting, and forecasting processes.
- AI-Enhanced Insights: Utilize AI to uncover insights, forecast revenue, and communicate effectively, enabling confident decision-making with predictive analytics.
- Integrated Data Management: Connect strategic, financial, and operational plans by integrating data from all enterprise applications like ERP, HCM, and CRM.
Learn more about Jedox features, pricing, & alternatives →
Verdict: Jedox excels as a top choice for the best financial modeling software, especially for financial analysts and investment professionals aiming for integrated, AI-powered insights. Its Excel-like interface and robust integration capabilities simplify complex planning, helping you reduce manual work by up to 80% and accelerate forecasting processes by 6x, as seen with customers like Henkell Freixenet and EZ-Link.
7. Anaplan
Are you struggling with fragmented financial planning?
Anaplan offers purpose-built applications for finance, like Integrated Financial Planning, to eliminate silos. This means you can finally connect your strategic, financial, and operational plans across your entire business.
It’s about optimizing decision-making at the speed of business, by providing precise, predictive insights. You gain greater visibility and control over critical planning data.
Unlock better decision-making right now.
Anaplan’s AI-infused scenario planning and analysis platform is designed to help you outpredict, outplan, and outperform. Here’s how: it surfaces actionable insights and builds connections for seamless collaboration. Additionally, features like Data Management & Integrations allow you to connect planning data from any source for comprehensive analysis. Plus, Anaplan CoPlanner provides connected, context-aware generative-AI capabilities, helping you make sense of your data, explore patterns, and take action on generated insights. The result is optimized decision-making and improved financial outcomes.
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Key features:
- AI-infused scenario planning: Provides precise, predictive insights with generative and agentic AI capabilities to optimize decision-making and accelerate time to insights.
- Integrated financial planning applications: Connects finance, sales & marketing, supply chain, and HR & workforce for unified strategic, financial, and operational planning.
- Flexible modeling & scalability: Enables you to flexibly model and analyze your business across all functions, with robust data management and integration from any source.
Learn more about Anaplan features, pricing, & alternatives →
Verdict: Anaplan is a strong contender for the best financial modeling software, especially for those looking to eliminate enterprise silos and gain precise, AI-infused insights. Its unified platform and purpose-built applications drive efficiency, optimize productivity, and have reportedly boosted Total Shareholder Return by 14% for industry leaders.
8. Abacum
Struggling with fragmented financial data and slow decision-making?
Abacum offers a platform combining simplicity with enterprise-grade flexibility for confident financial planning.
This means you can make better decisions, faster, even when dealing with complex data and multiple stakeholders, transforming your approach to business planning.
It’s time for smarter financial planning.
Abacum empowers finance teams to plan with confidence, enabling collaborative target setting and scenario planning. This gives you immediate visibility into the impact of shifting assumptions.
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You can streamline processes like budgeting, headcount, and revenue planning to align with strategic objectives, accelerating your growth and achieving top-line goals. Additionally, the platform automates P&L, Balance Sheet, and Cash Flow reporting, optimizing your efficiency and driving quick decisions. You can also leverage its capabilities for investor reporting, providing full visibility and trust.
The result is powerful business performance.
Key features:
- Collaborative Financial Planning: Allows finance teams to collaboratively set targets, plan for any scenario, and utilize approval requests for efficient budgeting workflows.
- Real-time Financial Reporting: Provides access to real-time financial and operational reports, with dashboards, templates, custom visualizations, and Slack integration for quick insights.
- AI Forecasting and Data Management: Features Abacum Intelligence for AI forecasting, summaries, and anomaly detection, alongside robust data integration from 50+ systems.
Learn more about Abacum features, pricing, & alternatives →
Verdict: Abacum is ideal if you need to transform your financial operations, offering a user-friendly platform with enterprise-grade capabilities. Its focus on collaborative planning, real-time reporting, and AI-driven forecasting makes it a strong contender for the best financial modeling software. RapidSOS, for example, reported 80% less time spent on BvA reporting using Abacum.
9. Workday
Tired of outdated financial modeling spreadsheets?
Workday offers Financial Planning and Financial Management tools designed to streamline your operations. This means you can drive innovation and make smarter finance decisions.
It helps you unify disparate data, letting you consolidate financial data and automate processes. Ultimately, this lets you focus on strategic financial management.
So, how can Workday help you?
Workday helps you move faster with continuous, collaborative planning, integrating with any ERP/GL or data source. This allows you to improve financial forecasting and resource allocation.
You can leverage their AI-generated insights to manage costs, moving from merely tracking value to actively creating it. Their platform ensures you gain visibility into your entire source-to-pay process. Additionally, Workday Illuminate™ delivers measurable value by illuminating your business’s future, helping you gain a flexible foundation to move beyond legacy ERP limits.
The result is simplified finance operations and significant cost savings.
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Key features:
- Financial Planning and Management: Provides tools for continuous, collaborative planning and AI-generated insights to manage costs and accelerate financial decision-making.
- Integrated Platform: Unifies financial, HR, and operational data, eliminating manual aggregation from disparate systems and improving overall data accuracy for modeling.
- AI-Powered Insights: Utilizes Workday Illuminate™ and AI agents to supercharge work, automate processes, and deliver measurable value by highlighting future business opportunities.
Learn more about Workday features, pricing, & alternatives →
Verdict: Workday is a strong contender for the best financial modeling software, especially for financial analysts and investment professionals aiming to improve forecasting accuracy and streamline operations. It delivers a unified, AI-powered platform for financial planning, management, and cost control, helping you reduce forecast cycles from weeks to just nine days and save millions in annual costs.
Conclusion
Are your forecasts truly reliable?
Choosing the right tool is a huge challenge. Outdated spreadsheets are prone to costly errors, undermining your credibility with stakeholders and investors.
McKinsey reports that 75% of financial institutions using AI in modeling achieve higher accuracy. This shift from manual processes is no longer just an advantage; it’s essential for building confidence in your numbers.
Here is what I recommend.
After reviewing all these platforms, Quantrix is the clear winner. It helps your team move beyond fragile spreadsheets and handle complex, multi-dimensional models.
Its powerful calculation engine processes billions of data points with total accuracy. In my view, it is the best financial modeling software for building forecasts you can confidently present.
While we’re on the topic of accuracy in modeling, for another perspective, my article on best photogrammetry software reveals how to boost 3D modeling accuracy.
I highly recommend you visit the Quantrix website to explore how its innovative approach can transform your entire financial modeling process.
You will gain speed and total confidence.
