4 Min. Read

Top 5 Best Reporting Software & Tools

February 7, 2024

For any business owner, it’s important to know how your business is performing.

Being able to gain valuable insights into how your business works is key. You can see what products are being bought and when and any other details which can help you make important decisions on your business’s future.

Advanced reporting software and analytics tools, such as financial reporting software, provide detailed reports and business intelligence. This helps convert raw data into knowledge. So it’s no wonder why so many businesses utilize these tools to help grow their business.

But with such a saturated market, it can be difficult to decipher which tools can be useful to you.

So we’ve put together a list of the top 5 best reporting software and tools to help guide you towards something that can work for you.

Here’s What We’ll Cover:

1. FreshBooks

FreshBooks is a great choice as they are perfectly tailored for small business owners.

FreshBooks is an accounting software that has a wide variety of services and solutions in a single platform. Their services help small business owners grow and streamline their business.

FreshBooks’ financial reporting makes it easy to know exactly how your business is performing. With this knowledge, you can grow and improve your business.

Their services are also perfect for tax time. So your finance teams will thank you.

FreshBooks offers a free trial so you can try it out to see if it fits your business before putting any money down.

Once your trial is up, FreshBooks’ basic option offers its ‘lite’ services for just $19 per month.

2. Whatagraph

Whatagraph is used to track campaign results across different channels. They allow you to build customizable visual reports and let data insights lead the way.

It can deliver reports automatically or let you edit and present your reports in a multitude of ways. Whatagraph also boasts a responsive and helpful customer success team.

Whatagraph offers a 7-day free trial with access to all its features so that you can see if it is a good fit. If you decide to upgrade to their professional package, their services will set you back $119 a month which can be quite pricey for a small business.

3. ProWorkflow

ProWorkflow is a user-friendly project management solution that supports analytics and reporting.

It can provide detailed information on your workload and performance as well as your projects and tasks.

You can also build your own reports to share with everyone within your team.

ProWorkflow offers a free trial and then their basic package will cost you $20 per month per user with no user limits.

4. Hive

Hive is one of the most popular reporting tools that promise to get you to your business goals at record speeds.

Hive is mainly known for its project management, but they also have a wide variety of advanced analytics and robust reporting tools.

You will have access to their interactive dashboards. So that you and your team can gain actionable insights on productivity and performance.

Their reporting tools also estimate and track the time spent on projects. This allows you to accurately allocate resources and plan future projects.

Hive offers a 14-day free trial, then their pricing plan starts at $12 per user per month.

5. Planful

Planful is a cloud-based performance management and analytics tool.

They have a handful of features to aid your business such as dashboards, workflow management and financial reporting.

Planful helps to generate automated reports so you can keep track of how your business is performing.

Planful’s pricing structure is only available upon request. So if it’s a tool that you feel could benefit you and your business, it would be worth getting in touch with their team.

Key Takeaways

If you want to constantly have an eye on improving and streamlining your business, you need to keep an eye on the data.

There is a lot that can be learned through reports and analysis, so it would be a waste to not take advantage of any advanced reporting solutions.

When it comes to choosing which business software to go for, it’s completely down to you and your needs. But as long as you do your research into each option, then finding the right software shouldn’t be much trouble.

Are you looking for more business advice on everything from starting a new business to new business practices?

Then check out the FreshBooks Hub.