Financial Management Software:

How Accounting and Financial

Software Helps in Financial
Operations
Financial management software is a
computer program that helps individuals
and businesses manage their money by
facilitating task like budgeting, accounting
and financial
It keep track of your income, expenses, set
financial goals and make informed decision
about your money.
BACKGROUND HISTORY

Double Entry Manual Ledger

Early Accounting
Accounting Systems

Rise of Dedicated
Emergence of Spreadsheet
Accounting
Computers Programs Software

Financial Cloud-Based Automation

Management
Software Solutions and AI
IMPLICATIONS
Efficiency

Accuracy

Cost savings

Decision making

Compliance

Accessibility

Scalability
LIMITATIONS

 Initial cost
 Learning curve
 Integration challenges
 Data security concerns
 Dependency on technology
 Customization complexity
 Overemphasis on automation
 Upkeep ad maintenance