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How to Choose a Software for Cash Flow Management

How to Choose a Software for Cash Flow Management
Photo by Zan on Unsplash

Cash flow management is crucial to the health and growth of your business, but it can be a time-consuming and tedious process. By definition, cash flow management is the process of monitoring the amount of money coming into and going out of your company. This assists you in making future financial projections for your company. In so, having a cash flow analysis software can help speed up the process and reduce errors.

But how do you choose the right software for your business? Here are four things to look for when comparing your options and four of the top platforms to try this year.

4 Things to Look for in Cash Flow Management Software

When choosing cash flow management software, there are four important things to look for:

Easy Installation

The best cash flow management software is easy to install and just as easy to use. If it takes hours of training and additional web development time to get started with the software, you will be less inclined to use it.

Integration with Your Existing Accounting Tools

Ideally, you want software that will easily integrate with your existing accounting tools. These tools are ready to use, so there’s no need for additional training or installation. In addition, integration makes it easier to get started with your new tool.

Process Automation

Cash flow planning software should make your life easier and streamline tedious tasks. Look for cash flow software that performs automation definition as many tasks as possible. For example, tools that integrate with your accounting software can pull data directly from your accounts for automated calculations.

User-Friendly Operation

Look for cash flow tools that are user-friendly. Information should be presented in an easy-to-understand way. Navigation and operation should be intuitive and straightforward. If the software is too difficult to use, you will regret your purchase.

4 Cash Flow Management Tools to Try In 2022

Now that you know what to look for in a cash flow management tool, you can compare your options. Here are four great tools to try in 2022.

Cash Flow Frog

Cash Flow Frog offers a suite of tools to help you manage your cash flow. It’s one of the most complete cash flow software for small businesses out there, and it easily integrates with:

  • QuickBooks
  • Xero
  • Excel
  • FreshBooks

Just sync your accounts, and Cash Flow Frog will automatically pull data to create:

  • Cash flow forecasts and projections.
  • Scenarios to see how your decisions impact your cash flow.
  • Branded reports.
  • Consolidated cash flow forecasts.

You can even view customer insights to see which of your customers pay on time and which ones need additional attention. With Cash Flow Frog, you can also view your planned vs. actual results, multiple perspectives, and VAT/GST forecasts.

If you’re looking for a complete cash flow management tool that’s easy to use, automates critical processes, and is accessible online, Cash Flow Frog is a great option.


Fathom is another business cash flow management software option that helps you create forecasts quickly and easily. You can even create microforecasts and engage in scenario planning to see how decisions will affect your cash reserves.

Fathom integrates with:

  • QuickBooks
  • Xero
  • Excel
  • MYOB

You can also view detailed financial analyses and insights to learn more about the financial health of your business. Consolidated reporting and group benchmarking give you more tools to take control of your cash flow management.

Fathom is a great option if you have multiple entities and want a tool that offers more in the way of financial analysis.


Summit is less of a cash flow management tool and more of a service. The firm offers virtual CFO services, which include cash flow management.

The advantage of going this route is that it’s almost completely hands-off. With Summit’s service, you learn:

  • All about your cash flow needs (when and where you’ll need cash).
  • The best sources for meeting your cash needs.
  • How to prepare to meet these needs when they arise.

Summit offers a variety of package options to find a cash flow management solution that works for you.


Float is a cash flow forecasting and scenario planning tool that offers a real-time view of your cash flow. It integrates with:

  • QuickBooks
  • Xero
  • FreeAgent

The tool also makes it easy to manage your cash flow across multiple projects. The intuitive user interface and easy integrations make it a great tool for businesses that want a simple cash flow management tool.

Cash flow management is essential for every business. These tools allow you to manage your cash flow quickly, easily, and automatically saving you time and resources.

Featured Photo by Zan on Unsplash