60+ UK Cloud Finance Software Tools for the Modern CFO

Killing the spreadsheets and manual processes, one modern finance app at a time.

🔖 Billing solutions

A few applications that can help you automate your invoicing and enable your customers to pay in a way that suits them best. There are quite a lot of modern billing options; we only picked the three that are the most popular and differentiated.

Stripe is a go-to payment and billing solution for modern marketplaces and SaaS subscription businesses.

✓ Big and growing app marketplace of tools that integrate with it.
✓ We use it at Pento and love it.

Billing

GoCardless is a simple service for collecting Direct Debit payments online, serving more businesses than any other Direct Debit provider.

✓ Specialized in the UK direct debit payments.

Modern billing platform for software companies.

✓ Based in the UK.

💸 Payroll solutions

Below are two tools that can help you run UK payroll internally in the most simple and automated way possible.

Please note: there are several options for running payroll in the UK. Since our own solution (Pento) is in this category we only included two other tools that are highly differentiated from Pento.

Pento makes it simple for internal finance team to run payroll in just a few clicks. It calculates taxes, makes all the payments, reports to HMRC & pension providers and connects to other cloud applications. No more spreadsheets and long emails.

Deel

★ No user reviews
Payroll

Deel is the payroll platform for remote teams that connects localized compliance and payments in one system of record. Helping businesses hire anyone anywhere, either as independent contractors or full time employees (EOR).

Boundless

★ No user reviews
Payroll

Boundless is an employment platform for your international team. Compliantly employ your remote people, get set up to handle payroll & tax filings.

📃 Accounts payable solutions

A collection of tools to help you automate the traditionally very time consuming accounts payable process (invoice approval and payments automation).

accounts payable

Great tool for complete automation of accounts payable: just send in an invoice, they turn it into structured data and pay via your bank. Now opening up for the first UK customers.

✓ We use it at Pento and love it.

iCompleat

accounts payable

Digitise your manual AP processes and stop worrying about invoices being left behind in the office. Connects to Xero, but no banking connection currently.

Datamolino

accounts payable

Automate accounts payable data capture and invoice coding. Review and approve purchase bills before you export to your cloud accounting software. No banking connection currently.

Moopay

★ No user reviews
accounts payable

Pay company bills and expenses with one click. Seamless integration with Xero or Quickbooks, and your bank.

✓ Very young product, but solely focused on the UK market.

💳 Expense reporting tools

A few modern tools to help your employees seamlessly make expenses on behalf of the company without much overhead.

Smart credit cards for your business. No more expense reports, no more out-of-pocket spending.

✓ A ton of very positive user reviews.
✓ We use it at Pento and love it.

Spendesk

EXPENSES

Spend management software with corporate cards to help businesses take control of spending.

✓ Robust feature set including subscription management and invoice payments.

EXPENSES

A modern take on managing all sorts of business expenses in the UK: from cards to out-of-pocket claims and expenses.

✓ Very UK centric features set.

EXPENSES

The so-called pre-accounting tool for accountants and bookkeepers. Mainly used for automatic scanning of receipts and invoices and filling it into your accounting system.

✓ Big network of accounting partners across UK.

Expensify

EXPENSES

The old and robust expense solution used by millions of businesses around the world. Current minus in the UK is the lack of company expense cards (like the ones from Pleo, Spendesk, Expend or Soldo).

EXPENSES

Integrated with Xero, QuickBooks Online, Sage and other accounting systems, it is a spend management solution that enables businesses of any size to capture receipts, monitor data & generate reports.

✓ Based in the UK.

🏛️ SMB Neobanking solutions

These neobanks are not yet ready to accommodate finance needs of a bigger company. But if you are just starting out or have a small company these neobanks are becoming interesting banking options. Their advantage lies in modern interfaces and growing number of integrations with other apps.

Revolut Business

★ No user reviews
SMB BANK

Revolut Business solution has now been around for quite a few years and has grown into a nice platform that can help you with expense reporting, invoice payments, has an open API, and more.

✓ Growing app ecosystem of partner apps.

Starling Bank Business

★ No user reviews
SMB bank

Has a similar feature set to Revolut Business, with less emphasis on the open API and app marketplace (it does connect to Xero and a few other accounting apps).

✓ From the anecdotal experience it seems that customers really like it.

SMB bank

Tide was built purposefully as a neobank for freelancers and small businesses. It has less funding compared to the big competitors above, but the feature set is pretty similar.

Monzo Business

★ No user reviews
SMB bank

The third big UK neobank has recently also launched a business account. It has the least number of features for now but probably worth checking out if you love their consumer app and you run a very small company.

Contingup

SMB bank

Interesting neobank option for freelancers and very small companies that combines banking and accounting features in one solution.

✓ Seems like very loved by customers.

💰 Modern SMB financing solutions

Here are a few modern options to help you fund your business. From salary financing, to invoice protection, crowdfunding and all the way to modern SMB loans.

FINANCING

Simple and modern way to get a small business loan. Now also specialized in helping businesses get CBILS loans.

✓ Seems like very loved by customers.

Market Finance

FINANCING

With quick decisions and easy set-up, you can get funds and get on with your business. Similarly to Iwoca it's also offering CBILS funding.

Funding Circle

FINANCING

Boost your cash flow with a business loan from £50,001 to £250,000 to support your business through coronavirus and have nothing to pay for 12 months (via BBLS and CBILS loans).

FINANCING

Seedrs enables you to crowdfund your growing startup for an exchange in equity. They've had a few very big successes in the past like Revolut.

Uncapped

FINANCING

Fast, flexible loans from £10k to £1m. There is no interest payments - just a flat fee that you pay as your sales grow.

✓ Specialized in financing internet businesses (e-commerce, SaaS, etc.)

Ichiba42

FINANCING

Turn your invoices data into revenue. Get up to 5% of your invoices value by selling invoice data. Not sure what are the implications on privacy here.

Hokodo

FINANCING

Their launch product, Invoice Protection, is all about making sure businesses get paid. It's a modern take on business invoice insurance.

📊 Financial analytics and forecasting tools

Here a few apps to help you analyse your budgets and do advanced forecasting and move beyond the good old Excel.

Spotlight Reporting

Analytics

Their suite of reporting tools enables Virtual CFO reporting, strategic planning, goal-setting, budgeting, forecasting, multi-entity and more. Works with Xero, Quickbooks, Sage.

Analytics

Fluidly helps business owners sleep better at night by providing control, certainty and confidence around cashflow - the single biggest issue for SMEs. They apply machine learning to transaction data from accounting systems to automate the forecasting, optimisation and protection of cashflow.

Analytics

Futrli is the all in one forecasting & reporting tool for business owners and accountants.

✓ Big customer base of over 45,000 users.

Analytics

Fathom is an easy to use management reporting and financial analysis tool, which helps you to assess business performance, monitor trends and identify improvement opportunities. It integrates seamlessly with QuickBooks, Xero and MYOB.

Digits

★ No user reviews
Analytics

Digits is a very new entrant to the financial analytics space. Currently they offer insight into your expenses and connect to Xero, Quickbooks, etc.

✓ Top tier Silicon Valley team behind it.

Xavier Analytics

★ No user reviews
Analytics

A data cleanup and reporting tool purposefully focused on working great with Xero.

✓ Seems like the only tool focused on helping you clean up Xero data.

📈 Subscription analytics tools

The two applications below are specifically built for subscription businesses that run on a popular payment processor like Stripe.

ChartMogul

Subscription metrics

SaaS & subscription reporting, analytics & metrics for Stripe, Braintree, Chargify, Recurly and PayPal. In one click you get your standard SaaS metrics: MRR, LTV, churn rate, cohort analysis...

ProfitWell

Subscription metrics

A set of outcome-centered products that reduce churn, optimize pricing, and grow your subscription business end-to-end.

✓ Core SaaS metrics product is free forever.

📜 Cap table management tools

Managing your company cap table and stock option grants in a spreadsheet quickly becomes a big mess. Especially once your company starts scaling and adding a lot of shareholders and option holders. Here we present two most notable solutions for this right now in the UK.

Capdesk

cap table management

Modern cap table management for fast growing UK companies.

Vestd

★ No user reviews
cap table management

Their platform makes it easy to distribute and manage your equity. Built for SMEs by the UK’s share scheme experts.

🔏 Digital contract management tools

These two solutions below can help you streamline all your contract workflows, use digital signatures and have one secure storage for all your company contracts.

digital contracts

Juro is an end-to-end contract collaboration and management platform that helps businesses agree terms faster, while giving deep insight into contract data. The AI-enabled system offers document creation, negotiation, e-signing and analytics, saving businesses up to 96% of time.

✓ Based in the UK.

digital contracts

Contractbook is efficient contract management for the modern business. Create, sign and store all your legal documents on a single digital platform to increase transparency in your organisation, secure compliance and save valuable time.

💷 POS systems

A few modern POS solutions in case your business has a retail presence and wants to accept payments. Just like with billing options, there are quite a lot of solutions out there, but we'll only mention two most modern ones here.

Accept card payments and get paid fast with Square. Take chip and PIN and contactless payments face-to-face with Square Reader, take payments remotely with their digital invoices and virtual terminal and track it all in one place with Square Dashboard.

iZettle / PayPal

POS

Multi-user mobile POS solution that supports card and cash payments as well as extensive reporting.

QuickOrder

★ No user reviews
POS

QuickOrder is a new and modern all-in-one POS solution for restaurants.

🙋 Employee scheduling solutions

The below tools enable you to effectively move away from messy spreadsheets for managing hourly workers and their work schedules.

Employee scheduling

Complete staff schedules in minutes and publish them with a click. You can also easily manage staff leave, track time & attendance, and sync your timesheets to payroll seamlessly.

Employee scheduling

Allocate shifts, communicate with staff, and streamline payroll faster and more affordably.

✓ EU based with strong UK presence.

🔢 Accounting tools

A few of the most notable apps to run your company accounting for different size of businesses. Obviously there are many more accounting software options out there. Currently we only list one app for each company size segment (starting from the smallest and finishing with the biggest).

accounting

Great accounting option for freelancers and very small businesses in the UK.

accounting

The modern SMB accountancy king in the UK.

✓ Extremely rich app ecosystem.

NetSuite

accounting

Go-to cloud accounting option for fast growing businesses that outgrow Xero and Quickbooks and need a more scalable and customizable solution.

✓ Bigger and bigger app ecosystem.

🤖 Data automation and syncing tools

Because we now have an explosion of cloud applications, it’s becoming a bigger and bigger problem to keep all the data in sync. Here we present a few interesting option to help you automate and keep your important financial data in sync.

Data automation

This is a very flexible automation platform that enables you to set up various if-this-then-this automation scenarios. Integrates with Xero, Stripe, various CRMs, Google Sheets, etc.

✓ We use it at Pento and love it.

Pie Sync

Data automation

Easily sync information between your cloud applications. For example you can sync customers from Stripe to Xero, etc.

G-accon

Data automation

2-way sync connection between Xero and Google Sheets.

Other interesting finance tools

Below we've collected a bunch of tools that don't belong in any of the well-established categories above, but can be a big help to any UK finance team.

Tax credit claim

Faster and friction-free way to claim R&D tax credits at a fraction of the cost of using traditional advisors.

✓ Seems to have very good customer ratings.

SeedLegals

Legal docs

Legal automation platform designed for startups and investors to create all the documents they need to do a UK funding round.

✓ Seems to be adored by UK startups.

CAsh collection

This handy tool can help you automatically chase unpaid invoices. Manage your invoices, from sending to payment. It seems very promising.

Telleroo

payments

Payment services for accountants. This app enables you to manage payables service and take the payment workload away from clients, perfect for payroll and supplier payments.

Digital Risks

business insurance

Smart, fully customisable UK business insurance. Covers a wide variety of industries.

✓ Seems to be very popular with customers.

Transferwise

International transfers

Business account for simple and cheap multinational bank transfers.

✓ We use it at Pento and love it.

TravelPerk

business travel

Book and manage all your business travel in one place. The result is a smoother travel management experience for all employees.

time tracking

Harvest makes it easy to track time. It then collates this timesheet data into intuitive, visual reports that make it easy to see what your team is working on, catch projects before they go over budget, and make more intelligent decisions about your business.

e-comm checkout

Klarna helps e-commerce businesses make a smoother checkout experience by enabling their customers to pay via quick consumer loans.

Employee service

Back is a modern employee service platform that enables finance teams to manage and automate employee requests and recurring workflows. Finance teams use Back to respond to requests from employees, track approvals, automate recurring workflows, and collaborate with other teams such as HR.

Run UK payroll in minutes instead of days

Pento customers spend up to 80% less time on payroll and have a much easier payroll process with fewer errors.