Top 5 Project Management Software for the Finance Industry

By: on June 21, 2021

As a project manager in the finance industry, you know the importance of tracking tasks, monitoring your firm’s cash flow, and meeting project budget and deadlines.

Whether you’re calculating an estimate or finding opportunities to save money, you must cover all of your bases to prevent tasks from slipping through the cracks, causing bottlenecks that can stall progress.

Finance project management software can make your job easier by automating project tasks, monitoring the project timeline and budget, tracking milestones for every phase, and reporting the financial status of projects across departments or campaigns.

Project management tools can take one of three approaches:

  • Collaborative: Multiple people working on a project
  • Top-down: One person working on a project at a time
  • Integrated: Involvement of multiple departments and teams across the organization

Project management software is related to time and expense tracking software, collaboration software, workforce management software, and professional services automation software.

New to project management tools? Check out our buyers guide to learn more about their benefits and common features.

Various project management systems are available for your business needs. To help you find the right one, we’ve compiled a list of the highest rated products on Software Advice, based on reviews from users in the finance industry. The products are arranged alphabetically. Read our full methodology here.

top finance Project Management software

Aha!

4.75 out of 5 stars
364 reviews

  • Overall finance user rating: 4.90/5.0 (21 reviews)
  • Notable features: Product roadmaps, project scorecards, reporting

Aha! is a product management suite that allows finance teams to set strategy, document ideas, and streamline collaboration. It also lets them centralize feedback, manage project budgeting, and prioritize requests.

With Aha!, you can create project schedules, pull up financial reports from project data, assign tasks to team members, and automate task reminders. You can build product roadmaps to visualize the project portfolio and create the product strategy.

Using the tool’s scorecard feature, you can rank project initiatives based on how they’ll increase sales, help retain customers, contribute to marketing, and impact operational efficiency. You’ll also have to mention how much effort the tasks will take. The software then calculates and assigns a score to each task to help you prioritize efforts.

Build visual roadmaps using Aha!

Building visual roadmaps using Aha! (Source)

Here’s what reviewers on Software Advice have to say about Aha!:

Users say Aha! gets 4.5/5 stars for ease of use, 4.5/5 for value for money, 5/5 stars for customer support, and 4.5/5 for functionality.

And here are the pros and cons of Aha! according to reviewers from the finance industry:

Pros

  • The platform is easy to configure.
  • Customer support is responsive.
  • It’s easy to put data into tables, graphs, or workflows.

Cons

  • The learning curve can be steep.
  • The settings can be confusing to navigate.
  • Integrating the platform with existing project management tools can be a struggle at first.

Visit Aha!’s reviews page to read more in-depth opinions, including more pros and cons.


ClickUp

4.71 out of 5 stars
2123 reviews

  • Overall finance user rating: 4.73/5.0 (66 reviews)
  • Notable features: Custom financial dashboards, spend and invoice tracking, audits

ClickUp is a web-based project management app with features that make collaboration and task management easier. It offers reminders, goal setting, scheduling, and an inbox, among other features. It’s fully customizable and can be used by any team that needs to plan, organize, and collaborate on projects.

The tool’s recurring task functionality helps track finances for multiple projects. When you pay a monthly bill and mark it as complete, the platform automatically creates a new task for the next month. This makes it easy for your accountants and bookkeepers to track invoices and prepare for audits.

The software lets you create custom dashboards to view budget allocations, compare actual expenses against estimates, and track revenue and profits. It can integrate with many other tools, including accounting software.

Setting up recurring tasks in ClickUp.

Setting up recurring tasks in ClickUp (Source)

Here’s what reviewers on Software Advice have to say about ClickUp:

Users say ClickUp gets 4.5/5 stars for ease of use, 4.5/5 for value for money, 4.5/5 stars for customer support, and 4.5/5 for functionality.

And here are the pros and cons of ClickUp according to reviewers from the finance industry:

Pros

  • The software provides an intuitive user experience.
  • It integrates easily with other platforms.
  • It offers a good product for a good price.

Cons

  • Project time tracking can be tricky.
  • The system can take time to load.

Visit ClickUp’s reviews page to read more in-depth opinions, including more pros and cons.


Evernote Business

4.39 out of 5 stars
6772 reviews

  • Overall finance user rating: 4.61/5.0 (80 reviews)
  • Notable features: Team collaboration spaces, templates library, centralized project data

Evernote Business is a project management platform that helps unify workflows and collaborate on projects. It offers a centralized repository to store project documents and data, making it easy to search and find the information you need.

As a cloud-based platform, Evernote Business makes it possible for your finance teams to collaborate and access information from anywhere, whether they’re in the same office or working from home. Its “spaces” functionality lets them connect, share updates, and pin notes in one place.

The software also offers a library of templates, including project timeline and deliverable templates. Your finance team can use these templates as a starting point to create project budgets, trackers, and plans.

Creating a new “Space” in Evernote Business.

Creating a new space in Evernote Business (Source)

Here’s what reviewers on Software Advice have to say about Evernote Business:

Users say Evernote Business gets 4.5/5 stars for ease of use, 4.5/5 for value for money, 4/5 stars for customer support, and 4.5/5 for functionality.

And here are the pros and cons of Evernote Business according to reviewers from the finance industry:

Pros

  • The platform is reliable and benefits the business as well as employees.
  • It allows users to use tags to find relevant documents and notes.
  • It can be used across devices.

Cons

  • The platform can be slow to load at times.
  • It may not always integrate seamlessly with other tools.

Visit Evernote Business’ reviews page to read more in-depth opinions, including more pros and cons.


MeisterTask

4.73 out of 5 stars
910 reviews

  • Overall finance user rating: 4.66/5.0 (35 reviews)
  • Notable features: Kanban-style task management, dashboard view of insights, recurring tasks

MeisterTask is a project management tool that offers intuitive task management. Its Kanban-style project boards can adapt to the different workflows your finance team has in progress. Your team can use Kanban boards to stay on top of projects that involve budget tracking, accounting, and resource management.

The tool’s project timeline feature—similar to a Gantt chart—helps visualize the progress of project tasks and dependencies. It highlights conflicting or overlapping tasks and offers a drag-and-drop interface to adjust the start and end dates. You can also assign tasks to team members right from the timeline.

The software dashboard allows you to view project finances at a glance. The task management feature helps track team as well as individual tasks. You can also track project time, set recurring tasks, and automate routine functions such as billing and invoicing.

Organize your workflow in MeisterTask.

Organizing your workflow in MeisterTask (Source)

Here’s what reviewers on Software Advice have to say about MeisterTask:

Users say MeisterTask gets 4.5/5 stars for ease of use, 4.5/5 for value for money, 4.5/5 stars for customer support, and 4.5/5 for functionality.

And here are the pros and cons of MeisterTask according to reviewers from the finance industry:

Pros

  • The platform offers a mobile app.
  • Its user experience and design look appealing.
  • It lets users create tasks directly from emails.

Cons

  • The interface can seem cluttered when there are many tasks to complete.
  • Users have to go through many menus and drop-downs to delete a project.
  • Reporting and analytics features are limited.

Visit MeisterTask’s reviews page to read more in-depth opinions, including more pros and cons.


Todoist

4.56 out of 5 stars
1310 reviews

  • Overall finance user rating: 4.78/5.0 (68 reviews)
  • Notable features: Task management, productivity visualization, personalized task view

Todoist is a project management platform that specializes in task management. It allows you to create to-do lists, add tasks and subtasks, set recurring tasks, assign priority levels to tasks, and much more.

For any budgeting project, you can use the software to monitor progress, delegate tasks, set due dates, and set up automatic task reminders. Project team members can add comments, upload files (including voice notes), and access a task calendar to better manage their schedule.

The software also provides an option to personalize your task view according to the due date, priority, campaign, and more. Its productivity visualization functionality lets you track the contribution of various team members. Todoist can be used by both individuals and teams.

Productivity visualizations in Todoist.

Productivity visualizations in Todoist (Source)

Here’s what reviewers on Software Advice have to say about Todoist:

Users say Todoist gets 4.5/5 stars for ease of use, 4.5/5 for value for money, 4.5/5 stars for customer support, and 4.5/5 for functionality.

And here are the pros and cons of Todoist according to reviewers from the finance industry:

Pros

  • It’s easy to share tasks and work with other users.
  • Project progress can be accessed with ease.
  • The tool organizes work to help teams succeed.

Cons

  • The frequency of notifications can be high.
  • The view can be cluttered if multiple notes are added to the same task.
  • A few necessary features are paid and can be expensive for companies with small budgets.

Visit Todoist’s reviews page to read more in-depth opinions, including more pros and cons.


Find the right project management tool for your finance team

The project management software tools featured in this article are rated highly by reviewers from the finance industry on Software Advice. Finance leaders enjoy the features these platforms offer, especially the ability to automate recurring tasks, such as billing and invoicing; connect with teams from different departments; and keep financial documents and information centralized while managing projects.

Want to check out other options? Head to our project management software page to evaluate more top-rated tools based on reviews from real users like you.

At Software Advice, we guide you to the right software. Our advisors have helped hundreds of professionals in your industry. You can chat online now or schedule a phone call. In just a few minutes, our advisor will help you narrow down a list of options that best meet your needs.


Methodology

The five products with the highest ratings from finance industry reviewers are featured in this article. To be considered for this article, products had to:

  1. Meet the market definition for project management software: Project management software is software designed to track the development of projects that take weeks, months, or years to complete, providing project managers and other team members a single platform for real-time updates on the project’s status.
  2. Offer the following core features: collaboration tools, reporting/project tracking, and task management.
  3. Have at least 20 reviews from finance reviewers in the past two years (as of the publish date).

Only reviews from users in the finance industry were evaluated to select the products featured in this article.

Note: Listed pros and cons are derived from features mentioned on the product website and product user reviews on Software Advice. They don’t represent the views of, nor constitute an endorsement by, Software Advice or its affiliates. Reviews have been edited for clarity and length.

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