5 Best Financial Services Project Management Software

Effectively manage your financial projects with financial services project management software.

As an accountant at a financial services firm, you may feel frustrated with overlapping deadlines of multiple tasks. Whether it’s filing tax returns or reporting on the financial health of your small business, it’s crucial that you complete your tasks on time. To ensure you don’t miss any deadlines, we suggest using project management software.

Project management software can help you organize your accounting tasks, set reminders, and collaborate with your team, making it easier to manage your workload and meet deadlines. The tool also lets you break down your financial projects into smaller tasks that can be reassigned to other team members, making it easier for you to get the work done on time.

This article highlights, in alphabetical order, the five best financial services project management software based on user reviews. For each product, we include overall user ratings along with the highest-rated parameter, review excerpts from industry professionals, and product pricing. Read more. 

1. Asana

Here are some review excerpts from financial services professionals who have used Asana for project management:

“The reporting and portfolio features were very impactful as it helped me track and report effectively on my project.The portfolio feature gave post-project insights as it made it easy for our teams during our retrospective meetings”

“I like that Asana can be used to share the material and asset that my team needed for our project planning timeline.Everyone on the team can access to it fast and easy, and don’t need to deploy other third party storage for that purpose.Asana also has a very good calendar management that let us to track and monitor the timeline easily.”

“Our overall experience with Asana has been very positive and would surely recommend it to other people looking for a project and task management solution.Mobile apps can be an area of improvement for Asana, but other than that the product is really well built and is really easy to setup and use”

“I like being able to participate in various projects and take on tasks that I can control.It has an intuitive interface that makes it nice and easy to use.It helps to prioritize projects that are essential for the company.”

“The feature we like the most about Asana is the automation part, which allows us to automate repetitive tasks and workflows.Also, there’s support for Agile project management which helps us a lot.Also, we like the support for numerous integrations that Asana provides allowing us to integrate other products into our workflow.”

Read all Asana reviews here.

2. Basecamp

Here are some review excerpts from financial services professionals who have used Basecamp for project management:

“Basecamp is really the best software that improve our team collaboration and communication, especially when we are having weekly discussion.It also help in scheduling task and dispersing the task to my team with the tagger feature.Sharing files and documentation can be done directly from the messenger hub.”

“The UI in Basecamp is very appealing, what makes it easier to onboard new users and keep them on track with the rest of the team.The software is affordable, fair pricing”

“Overall, Basecamp is a great tool to bring everything your team needs to do to communicate and excel in projects and bring it to one place.”

“Thank you Basecamp for helping me regain control and focus of my team members wich has helped my company grow in a faster rate and overall less stress then before.We highly recommend this software to any company trying to reach a better level of organization and keeping their teams well informed and connected.”

“So easy and intuitive … my technology director recommended it and I try to go with his advice.I’m so glad I did.He uses it at church so it good for church and business!”

Real all Basecamp reviews here.

3. Evernote Teams

Here are some review excerpts from financial services professionals who have used Evernote Teams for project management:

“This software is really amazing, I’m using Evernote since 2016 and it was very helpful, I’m still using it in my daily life.Its functionality is easy to manage and control, I don’t even need to save the note, It works automatically.Different types of colours, fonts, styles, list items and high-quality text blocks make Evernote a great software.Its new version is also good-looking and more user friendly.”

“Evernote has truly refined its user experience to make document creation & management a simple and easy process.”

“its ease of use, its easy-to-use interactivity and assertiveness to create notes”

“It was very easy to use and liked free service.”

“Evernote provide a custom made template that helps one to keep track of meetings, notes and other task.Evernote makes the onboarding of notes taking and other tasks easy for collaboration purposes.”

Read all Evernote Teams reviews here.

4. Notion

Here are some review excerpts from financial services professionals who have used Notion for project management:

“The GUI looks simple but very elegant and modern.All the elements are smooth and easy to organize around.Editing experience was great.”

“Notion is such a giant step up from how I used to organize my work… (messaging myself on slack, or using desktop stickies).I love how customizable it is while being extremely easy to use.I picked it up in 5 minutes and immediately was more organized in my work.I haven’t even explored the full power of Notion yet but so far I love the ability to create a new page and link it to the original page.”

“It’s very straightforward to use, flesh out and implement as far as task and project management.I use it primarily at work, but also love it for personal goal setting and tracking.”

“First of all, the user interface is very friendly not only to the navigation itself, but also to the eyes, as it’s minimalist and not distracting such other tools I have used.I really like how it doesn’t feel over complex to use if you want to make simple documentation, and eventually in the need of more complex features it’s easy to find tutorials.And there is always a useful template to help.”

“Notion allows a great organization to its users, providing templates to organize tasks, and appointments in calendars, adding photos and documents, as well as creating tables for other organizations.With this software you organize yourself in the way that best suits you, being able to use it in different ways.”

Real all Notion reviews here.

5. Trello

Here are some review excerpts from financial services professionals who have used Trello for project management:

“Through Trello, I can share many tasks and projects with my team, sharing respective activities for each person, and being very easy to use, with a UI and UX easy to understand.”

“It’s easy to use, drag and drop feature, help with time management, give a deadline warning, write notes on tasks, make the tasks visible, and work collaboratively.I am very happy to use Trello both in my personal life and in my business life.”

“I was introduced to Trello by one of my colleagues when I was looking for a tool to help manage tasks.It is easy to use and provided a Kanban Board for monitoring.Another feature I like is the ability to send a task to Trello from an email.”

“Unlike other such tools I’ve used, Trello’s simplicity meant that it was super easy for my team to get started using it.”

“We loved using Trello and getting things done quickly.The use of boards and the Kanban-style of project management makes things efficient and our team gets things done quicker instead of wasting time figuring out what to do in Trello.Our team is a big fan of automation and the integration with Google Assistant and IFTTT that allowed us to post a new card using a voice message was amazing.”

Real all Trello reviews here.

The core features of project management software are:

• Collaboration tools: Provides a channel for team members to share media files, communicate, and work together.

• Reporting/project tracking:Supports project planning with a visual way for project managers to understand a task/project’s status, costs, or other key information via reports and dashboards.

• Task management: Offers a running list of project tasks, action items and their respective status,thus streamlining management of multiple projects simultaneously. .

All products listed in this article include the features mentioned above. 

Besides these core features, a project management app also commonly tends to offer: 

• Billing and invoicing

• Budget management

• Client portal

• Cost-to-completion tracking

• Customizable templates

• File sharing

• Gantt chart/timeline view

• Idea management

• Kanban board

• Percent-complete tracking

• Project planning/scheduling

• Resource management

• Time and expense tracking

• Project data visualization

• Project data import/export

How to choose the right financial services project management software

Selecting the best financial services project management software can become easier with these considerations in mind:

• Opt for a tool with reporting features: A project management tool that lets you assess your project’s status, completion rates, or hours worked via reports will serve you better. Using these reports, you’ll be able to understand your project progress and what you can do to improvise the workflow. Check with the vendor if their tool offers reporting features.

• Check data visualization capabilities: Before you finalize any project management solution for your financial institution, check if that tool has data visualization capabilities. Data visualization will convert your reports into charts and graphs, which will be easier for you to understand. Also, check if there are pre-defined templates for these charts and graphs that you can use.

• Consider a tool with a mobile application: A project management solution’s mobile app will enable your team to check their project status, assigned tasks, and updates in real time even when they are on the go. Therefore, ask your vendor if their tool has a project management mobile app.

Common questions to ask software vendors before purchase

These are some common questions you can ask vendors when assessing financial services project management app options: 

Does the tool come with access management features?

As an accountant, you may have to deal with confidential business data, including revenue statements, tax statements, and salary slips. A project management solution with access management features will allow you to control which user has access to what data. Moreover, these features allow you to grant or revoke user access. Ask your vendor if such features are a part of their solution so that you can keep your sensitive data protected.

Does the tool provide trials and demos?

You are investing in a project management tool to make your accounting operations efficient. If the tool is complicated to use, you will end up spending more time understanding how to use the solution. Therefore, ask your vendor if they provide trials and demos of their PM software. It will help you understand how efficiently you can use the tool to accomplish your job. You may also consider a free plan to check its usability and compatibility with your existing tech-stack.

Is the tool scalable?

As the business grows, your accounting needs will also grow, and you may expand your project team to manage the workload. This will increase the number of users of the project management tool. Therefore, keep your business’s growth rate in mind before you finalize any tool for your business. Also, understand from your vendor if their PM software solution allows you to increase its user count. While you’re at it, also ask about the costs associated with increasing the number of users of the tool.