The Best FP&A Tools For 2023

Although 2023 is already here, you may still be wondering how you want to financial plan for your year. You may feel comfortable with the plan you currently have for your business. Yet, depending on when you made this plan, its information may need to be updated. You need to have a good financial plan to have a significant financial year. So, let us consider what financial planning and analysis are and how you can incorporate them this year.

What is Financial Planning and Analysis (FP&A)

Financial Planning and Analysis (FP&A) integrates all the financial planning components for your business, which includes budgeting and analytical processing. Unlike where you may need to create various plans for your budgets, goals, and other business objectives, an FP&A puts them together in one place. Not only does this create a more organized system, yet it also makes it a more effective tool to follow. The more quickly you can use and follow a financial plan, the more worthwhile it will be for the success of your business. So, what are some great FP&A tools that you should use in 2023? Let us consider this below.


In 2023, Cube has been ranked one of the top FP&A tools. Cube has many factors to its program, making it very popular and liked by millions of people. One of its most popular features enables you to plan and perform better with your work without changing how you conduct it. This is very beneficial, especially if you have had a specific work routine for years. Cube’s software is also very flexible and manipulative, so it can be used effectively, even if you are unfamiliar with financial planning and analysis tools. It is one of the top-ranked software since it integrates well with most business systems. The best aspect is that Cube has personalized pricing for your business. It will create a price based on the size of your business and employees. If you are a small business and do not want to worry about paying the price of a significantly based software, then worry not. Cube can be a perfect choice for you and so many other businesses.


Another great FP&A software is Planful. This is a cloud software, meaning all your planning can be stored safely online. In case of a computer or business system malfunctioning, you can rely on Planful to keep all your financial information safe. Planful is best known for helping with highlighting areas to work on with your business’s cash flow, financial reporting, and various dimensional analyses of finances. With this, you will be able to make better thought-out decisions in a quicker period of time. This software tool is better suited for larger companies since it is designed better for various teams in a business.


Are you tired of doing repetitive tasks all the time? Prophix is the perfect automated financial planning and analysis software for you to use. It can automatically budget your finances and create analysis reports based on your expenses and revenue. It can also do so with all business areas, including data entry and consolidation. With Prophix, you can say goodbye to hours of wasted time manually entering financial data into your financial planner. This saves you more time for crucial factors or even allows one of your employees to pick up new tasks to benefit the company. Their prices can range, yet you can get an approximate price on their website,

A new year brings new opportunities to create the perfect financial planning and analysis. Ensure that you take the time to examine the various aspects of each software and what would work best for you and your business. If you have any questions or concerns, ensure that you reach out to each company’s support team, and they will be happy to assist you.


-Ali, Rami (2022). 6 Capabilities FP&A Teams Need in 2023 to Drive Business Performance. Oracle Netsuite. Retrieved from

-Ballinger, Jake (2022). The 10 Best FP&A Software Tools: A Guide For 2023. Cube. Retrieved from