Financial Software

What Does Financial Software Mean?

Financial software is a type of software that is specifically designed to automate, assist and store financial information of a personal or business nature. It handles the storage, analysis, management and processing of a set of financial transactions, records and processes.

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Techopedia Explains Financial Software

Financial software is built on the principles of financial information management. It may be executed as standalone software or as part of a financial information system (IS).

Most financial software incorporates all facets of personal or business finance and provides numerous features, including:

  • Basic financial data management
  • Financial transactions and management
  • Budgeting
  • Account management
  • Financial assets management

Financial software may be classified as business financial software or personal financial software. Moreover, financial software also may provide other related services, such as accounting and/or bookkeeping, and be integrated within other enterprise information systems.

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Margaret Rouse

Margaret Rouse is an award-winning technical writer and teacher known for her ability to explain complex technical subjects to a non-technical, business audience. Over the past twenty years her explanations have appeared on TechTarget websites and she's been cited as an authority in articles by the New York Times, Time Magazine, USA Today, ZDNet, PC Magazine and Discovery Magazine.Margaret's idea of a fun day is helping IT and business professionals learn to speak each other’s highly specialized languages. If you have a suggestion for a new definition or how to improve a technical explanation, please email Margaret or contact her…