Best Financial Modeling Software: Top 6 Tools Overview [2025]
Global financial predictions aren't bright, as 70% of investors expect global recession to hit this year. What this means for you is that you need to future-proof your startup and prepare for all the possible scenarios. One way to do this is by using financial modeling software to create accurate forecasts and assess different outcomes based on current data and key assumptions.
Having the right financial modeling software that can do multi-scenario analysis and allow you to prepare both for the best and the worst outcome helps a lot.
In this article, we've prepared the best financial modeling tools, with a particular focus on those suitable for startups and small businesses.
Here is a quick overview of the top 7 financial modeling software for 2025. Keep reading for a more detailed overview of each one.
Fuelfinance
Finmark
Quantrix
Microsoft Excel
Jirav
Cube
What is financial modeling software?
Financial modeling software helps businesses forecast performance by turning complex data into predictive models. It uses AI and historical business data, economic indicators, and spreadsheets to simulate how different decisions or scenarios might impact results. The goal? To guide smarter, data-driven planning.
Why financial modeling software matters for businesses?
This kind of software is essential for:
Forecasting future performance – It gives finance teams and investors a clear view of where the company is heading.
Evaluating new projects – Helps assess the potential impact of a product or initiative before launch.
Scenario planning – Simulates "what-if" situations so teams can prepare for different outcomes.
Saving time and improving accuracy – Automates complex modeling tasks that would take hours in spreadsheets.
Key features to look for
A solid modeling platform should include:
Built-in templates and customizable logic
Scenario and multi-scenario modeling
AI-driven insights and visualizations
Scalable structure to support growth
Intuitive interface and smooth integration with your current tech stack
In short, the best tools combine modeling power with ease of use, making forecasts more accessible and actionable across the company.
It means you don’t just get automated financial planning, reporting and forecasting – you also get expert financial support whenever you need it. Think of it as a smart, no-BS finance tool with a built-in CFO (minus the hiring headaches).
Our advanced financial modeling software stands out for its excellent interface, ease of use and interactive dashboards that are easy to interpret even for those with limited experience in financial modeling.
We've built it thinking of startup founders and small business owners looking for a flexible and customized solution without the complexity of rigid financial modeling tools.
Fuelfinance features
Financial planning: Fuelfinance offers financial forecasting for startups, providing you with both conservative and optimistic scenarios so that you can prepare for all possible circumstances and challenges in the future.
Advanced automation: Our goal is to help you almost eliminate manual paperwork. Beyond time savings, this feature gives instant access to your up-to-date financial information in real time, helping you make informed decisions based on an accurate financial modeling process.
Financial statements: Fuelfinance provides three fundamental financial reports – profit and loss (P&L), cash flow statements and balance sheets – so you always have a clear picture of your finances.
Unit economics: Our tool simplifies monitoring revenue, expenses and key metrics such as LTV and CAC to help you maximize profitability and optimize your business model.
Dashboard: Fuelfinance custom dashboards allow you to visualize all your metrics in one place and keep track of metrics and KPIs tailored for your business model, making financial analysis effortless. You can opt for our awesome dashboard or seamlessly connect Fuelfinance to your Google Sheets if you prefer the spreadsheet interface.
Expert support: A dedicated financial expert acts as your outsourced CFO, clearing your doubts and providing unlimited support and guidance at no extra cost.
Plan vs actual: Compare your budget vs actual and adjust your plans based on your real-life results.
AI forecasting: Fuelfinance uses AI-powered forecasting to predict revenue, expenses and cash flow based on real-time financial and operational data. It provides multiple forecast scenarios, helping you plan smarter and prepare for different growth outcomes.
Anomaly detection: Our system automatically flags unusual trends, missing data or financial inconsistencies before they become bigger problems. This helps you catch errors early and make decisions based on clean, reliable financial data.
Integrations: Our tool offers QuickBooks integrations and connects with Stripe, Gusto, Wise, Brex, HubSpot, Shopify, AWS and 300+ other tools as well. These integrations keep your financial data in sync, eliminate manual data entry and ensure your reports stay accurate and up to date.
Hampton, a members-only community designed for CEOs, achieved an outstanding revenue of $23 million per member. Fuelfinance effectively monitored Hampton's financial trends, tailoring its financial reports to meet the evolving requirements of this rapidly expanding enterprise and its unique financial model.
Case study #2
Testimonial Hero, a leading B2B video testimonial agency, was scaling quickly but lacked financial clarity. Their team relied on spreadsheets and outdated reporting, making it difficult to track revenue, cash flow and profitability.
Fuelfinance helped them automate financial reporting, centralize data and improve forecasting. As a result, Testimonial Hero gained real-time visibility into key metrics, reduced financial admin work by countless and cut finance costs by 50% while getting 2-3x more value than they did before. With clearer financial insights, leadership could focus on strategic growth instead of number-crunching.
Case study #3
Oceans, a fast-growing recruiting agency, was struggling with fragmented financial data spread across multiple platforms. The CEO spent too much time managing finances instead of focusing on strategy.
With Fuelfinance, Oceans consolidated financial data into a real-time dashboard, automated key reports and improved forecasting accuracy—reducing deviation from projections from 50% to just 5-10%. They also optimized accounts receivables, cutting overdue invoices and improving cash flow. These changes saved the CEO and team hundreds of hours monthly, giving them the clarity and control needed to scale efficiently.
Feel free to book a demo call and see why so many clients see Fuelfinance as their top financial modeling software.any clients see Fuelfinance as their top financial modeling software.
Finmark simplifies financial modeling by transforming complex calculations into dynamic graphs, making it easier to interpret your data.
The tool is aimed at startup founders, investors and finance professionals who use it to develop precise financial models, speed up fundraising and strategize for future growth.
Finmark features
Reporting: Finmark has a straightforward and user-friendly reporting system. Users can export their financial statements, create visual reports and incorporate dynamic graphs into presentations.
Flexibility: Finmark allows businesses to create financial models that align with their specific operations. This can include structuring revenue streams, mapping out costs and expenses or planning for hiring and scaling.
Collaboration: This software provides tools for finance teams to share reports, update financial models and review budgets together in real time.
Integrations: Finmark integrates with QuickBooks, Xero, Stripe, Gusto and some other tools.
User ratings
Capterra: 5.0 (2 reviews)
G2: 4.6 (16 reviews)
Quantrix
Quantrix is a financial modeling software designed for enterprise-level companies that need to analyze data across multiple dimensions, such as time, regions or product lines, within a single model. It’s built for businesses with complex financial structures that require advanced forecasting, scenario analysis and large-scale data modeling.
Quantrix features
Model management: Users can create multi-dimensional financial models using their template library or build ones from scratch. All versions are saved, allowing them to view and download previous versions of a model and revert changes whenever necessary.
Fast implementation: Quantrix's readily available technology allows users to use it without custom development, which some other enterprise-level financial analysis software require.
Integrations: Quantrix integrates with Microsoft Excel, different databases and ERP systems.
User ratings
Capterra: 4.3 (3 reviews)
G2: 4.5 (1 review)
Microsoft Excel
We all proudly list Microsoft Excel on our résumés, but let’s be honest – how many of us actually know how to use it for financial modeling beyond SUM and VLOOKUP? For years, Excel has been the go-to tool for small business financial management, handling financial forecasts, spreadsheets and charts.
But today, more user-friendly alternatives make finance less of a headache. Still, some startups stick with Excel – mostly because it's cheap (or basically free if you already have Microsoft) and old habits die hard.
Microsoft Excel features
Templates and formulas: Users can create various financial spreadsheets with built-in formulas to handle calculations automatically.
Copilot: Copilot operates as financial analytics software – it detects trends, presents hypothetical scenarios and consolidates everything into one dashboard.
Power BI tables: Microsoft Excel offers visual analytics, allowing you to color-code and cross-highlight your business intelligence data.
Integrations: Depending on your pricing plan, Microsoft Excel can connect with various applications like Slack, Trello, Mailchimp, Jira, Asana and many others.
User ratings
Capterra: 4.8 (19,081 reviews)
G2: 4.7 (2,840 reviews)
Jirav
Jirav is an FP&A analysis software created for accountants managing multiple clients’ financial models. It combines budgeting, forecasting, reporting and dashboarding in one platform, allowing firms to consolidate financial data from various sources.
Jirav features
Scenario comparison: Jirav lets users compare different financial scenarios, such as budget vs. actual, budget vs. forecast and forecast vs. actual.
Reporting: This tool generates financial reports and analyzes key data without relying on manual updating Excel spreadsheets.
Dashboard: It provides a centralized view of financial data with customizable dashboards. Users can adjust the layout to display relevant metrics and share insights with different teams or stakeholders as needed.
Integrations: Jirav comes with many integrations, from Excel and Google Sheets integration, Sage, QuickBooks and Xero for accounting and finance to Zendesk, Tableau, Snowflake and Jira.
User ratings
Capterra: 4.9 (19 reviews)
G2: 4.7 (184 reviews)
Cube
If you’ve spent hours in Excel, triple-checking formulas and manually updating numbers, you know the struggle. One wrong cell and suddenly, your entire model is off.
Cube was built for those who don’t want to quit Excel but need it to do more. Instead of endless copy-pasting and chasing broken links, it pulls in data automatically, so you’re not stuck wondering why your balance sheet suddenly doesn’t balance.
Cube features
Multi-scenario analysis: This financial forecasting software allows users to generate accurate financial projections by simulating the effects of diverse future factors.
Multi-currency support: Users can assess their finances in both their local currency and the reporting currencies employed in their financial statements, making this tool highly suitable for companies operating on an international scale.
Role-based access: Cube grants varying levels of access to diverse financial and operational data based on the roles of their employees and stakeholders.
Integrations: Cube includes a variety of valuable integrations covering areas such as spreadsheets, accounting and finance, sales and marketing.
*If you find QuickBooks pricey, read this article to discover the best QuickBooks alternative for small businesses.
Business fit
Not every financial modeling tool is built for every business. Some are designed for large enterprises with complex financial structures, while others cater to startups and small businesses looking for simplicity and automation.
Choosing software that aligns with your company’s size, industry and financial needs ensures you get the right balance of features without unnecessary complexity and costs you can actually handle.
Best financial modeling software & tools: Comparison tableґ
иваиваави
Tool
Features
Rating
Best for
Fuelfinance
Financial planning Advanced automation Financial statements Unit economics Comprehensive dashboard Expert support AI forecasting Anomaly detection
Capterra: 5.0 G2: 4.9
Startups and small businesses that need a fractional CFO
Model management Financial analysis Fast implementation Multi-dimensional modeling
Capterra: 4.3 G2: 4.5
Enterprise and large companies
Microsoft Excel
Templates and formulas Copilot Power BI tables
Capterra: 4.8 G2: 4.7
Small companies with limited budgets looking for a simple solution
Jirav
Scenario comparison Visual reporting Dashboards
Capterra: 4.9 G2: 4.7
Accounting firms working with multiple clients
Cube
Excel or Google Sheets add-on Multi-scenario analysis Multi-currency support Role-based access
Capterra: 4.6 G2: 4.5
Those who want to keep using Excel or Google Sheets
Ready to take your financial modeling to the next level?
Generating financial models can be confusing and complicated, especially if you're just starting out as a founder. One of the reasons we've created Fuelfinance is to make lives easier for startup founders and SMB owners and provide you with all the necessary support in this crucial phase of your business.
With this financial modeling tool, you can do wonders – skip manual paperwork and get real-time financial data, dashboards tailored to your business model and top-tier financial experts to analyze your data.
The best tool depends on your needs. Excel and Google Sheets are flexible, but they require manual work.
For startups and small businesses, Fuelfinance is a strong choice – it automates financial modeling, forecasting and reporting while offering expert support. Unlike spreadsheets, it keeps your financial data updated in real time, helping you make smarter decisions without the hassle.
Can ChatGPT do financial modeling?
ChatGPT can assist with building formulas, creating financial models and explaining concepts, but it doesn’t replace dedicated financial modeling software or real-time data analysis tools.
Is Python used in financial modeling?
Yes, Python is widely used for financial modeling, particularly for data analysis, forecasting, risk management and automation. Libraries like Pandas, NumPy and SciPy help process large datasets efficiently.
Can AI do financial modeling?
Yes, to some extent. It can automate some tasks and process large amounts of data very quickly, but it's unlikely it'll be able to do complete financial modeling on its own, without human input and guidance.
Is Excel good for financial modeling?
Yes, Excel is a standard tool for financial modeling, offering flexibility and powerful formulas. However, as businesses scale, dedicated FP&A software can provide better automation, collaboration and error reduction.
