Financial Management Software Programs

This web page features a collection of free software programs, software directories and links to useful programs related to budgeting, risk analysis, decision analysis, and other financial tasks.

Financial Management Shareware Programs
  • Occam's Tree - An application to assist with optimal decision making. Tree Templates, PERT and NPV spreadsheets for the application available from the software vendor
  • Strategy 2 Act - Balanced Scorecard Tool for creating a strategy tree and scorecard map - AKS Labs
  • ROI Solver - Calculates Return on Investment for different scenarios
  • StatistXL 1.5 (7.8 MB) - Excel Add-In for statistical applications such as ANOVA, t-Tests, Regression Analysis, Cluster Analysis, and Factor Analysis - StatistXL
  • MM4xl (8.5 MB) - Strategic business analysis tool kit for Excel - Brand mapping, cluster analysis, GE Business Monitor, and other competitive analytical tools - Marketing Stat.
  • Financial Analysis - Evaluates business performance using 33 ratios in 5 categories with common financials and graphs
  • Business Functions - Collection of functions for building a financial model - Business Functions UK.
  • Project Risk Analysis - Develop cost estimates on capital investment projects
  • Starting Costs - Estimate the startup costs of a business
  • Business Builder - Build a business model covering production and sales. Also project financial transactions
  • Money Math - A five star shareware program for performing different financial calculations, such as discounted cash flows, loan amortization's, etc. Program includes worksheets and examples.
  • Lease Calculator - A five star shareware program for various lease calculations, including lease vs. buy analysis. A very good financial reference tool.
  • WINFIN- Capital budgeting calculations, such as Net Present Value, Internal Rate of Return, and Payback. Just plug in the discount rates and the free cash flows and it automatically gives you the economics of your project.
  • NPV of DCF - Valuation of Investments based on Net Present Value. Enter cash flows up to ten years with five adjustable discount rates.
  • Euro Magic - Currency Conversions from a drop down menu for European currencies and U.S. dollars.
  • Risk Analyzer - Decision and risk analysis program for Microsoft Excel. Provides a simple alternative to more complex simulation programs.
  • Turbo BPR - Facilitates strategic planning, operations analysis, and project assessments. Links various elements within a framework and provides examples.
  • MindManager- Breaks down a complicated problem within a map. Helps display ideas and relationships within a single framework.
  • SurvivalWare - Simulation program for advanced warning of cash flow problems. Sales, collection times, and other variables are used to generate a probabilistic forecast of cash inflows. Shortfall graph tells you the magnitude of the problem.
  • Aldarus Business Plan - A highly rated program for business planning. Includes templates for generating financial statements, breakeven, and financial ratios. Requires Microsoft Office 97.
  • Solve IT - Fill in the blank and hit F9 key to do financial calculations, such as loan analysis, depreciation, net worth, etc.


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Useful Software Programs for Financial Management
  • Industrius CFO provides a financial scorecard complete with benchmarks - Demo Site

  • QPR provides performance management software. For companies wanting to integrate Activity Based Management with Balanced Scorecards, QPR is a preferred choice - QPR.

  • Budget Maestro is a popular budget and planning software program. The software imports data directly from your accounting program or a spreadsheet and allows what-if analysis. Budget Maestro.

  • Demo of Up Your Cash Flow, a fully integrated and very popular program for  budgets, cash flow forecasting and projections. Creates Daily, Weekly, Quarterly or Annually plans. Menu driven and generates  65+ different types of reports. Up Your Cash Flow.

  • Exl-Plan is a highly rated shareware program for financial forecasting. It includes several preformatted worksheets for generating projected cash flows and financials. The program comes in different versions. To learn more, visit Exl-Plan.

  • InfoHarvest Decision Plus - A good overall program that can be used for all kinds of decisions throughout your organization. This program works best for applications that involve multiple choices with weights assigned to different alternatives. For users who are new to decision analysis, this program gives you a good idea of how decision analysis software works. The download includes some good examples to help get you started. Decision Plus.

  • Expert Choice Pro for Windows - A good decision analysis program that walks you through a structured approach to decision making: Define Goals, Identify Criteria, etc. Expert Choice.

  • Decision Pro - Another good program for building your own decision trees. You can download a free trial copy from vanguard software. Decision Pro.

  • Time Value is widely used by banks and other financial institutions for amortization problems. The program accommodates a wide range of compounding periods.

  • @ RISK is considered one of the most popular risk analysis software programs. The program is useful for forecasting and analyzing different outcomes. Graphs help summarize and report results of analysis. The program is useful for capital budgeting, financial projections, merger analysis, and other applications. @RISK.

  • Palo Alto sells a complete set of award winning planning programs - Business Plan Pro, Marketing Plan Pro, and Cash Plan Pro. These programs break down the planning process into steps and allow financial analysis. The final plans are very professional looking (graphs, charts, tables, etc.). To learn more, click on one of the following links: General Information | Sample Plans | Business Plan Pro.