How to build the best financial planning software for your Web3 business?

You can construct the best financial planning software for your Web3 business to increase revenue using this instructions...

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Modernization, often known as digitization, is a word that applies to all industries. However, one of the fundamental duties of every firm is financing. Effective financial planning may make or break a company. Technology is another essential element of any organization. Combining the two, the term “Fintech” has done wonders for enterprises, helping them not only manage their finances but also foresee and plan for the future of their companies.

It is now generally acknowledged that using software to manage and organize finances makes the process simpler, faster, and more accurate. Better and more efficient financial planning is becoming more and more of a priority because of digital change.

As a result, the demand for financial planning software development will only increase. Given that the trends are expected to continue growing upward, this obviously presents a revenue potential for your financial planning software solution company.

You may construct the greatest financial planning software for your Web3 business using the instructions in this article.

What is financial planning software?

As the name implies, it refers to software that facilitates in financial planning by integrating financial data from individuals or organizations that can be accessed to achieve the desired analytical output. Data entered into the software might come from a variety of sources, including financial transactions, investment tracking, bank records, portfolio management, and many more.

The financial planning firm saw a need for software that could track and manage the clients’ income. Clients, too, seek solutions in the form of mobile applications to keep track of their investments and value.

Businesses must now have reliable financial planning software that can manage their ERP efficiently and deliver good customer service in order to succeed. The best financial planning software also makes it possible to manage the metadata.

Key features of a financial planning software

Financial planning adviser companies work hard to provide clients with value-based services by giving them open analyses and updates on their financial planning strategy. Having reliable financial planning software is essential to meet the rising expectations of the customer and market. The following characteristics must be present in any advanced financial planning software:


Link to investment performance data

The performance of the stock market is directly correlated with effective financial planning. A function that can link client investments with market performance is an essential component of good financial planning software. A clear understanding of the investment’s growth trajectory in relation to the performance of the larger market will give a realistic image of how to accomplish the ultimate investment goals.

Efficient processes

A financial planning firm’s duties include managing their own daily operations, as well as offering clients investment solutions and managing their portfolios. Financial planning organizations can provide their clients greater services by reducing internal procedures. Therefore, you must have an intuitive and simple user experience with financial planning software. It should be simple to gather data, make suggestions, manage a variety of portfolios, and more with seamless integration.

Customizable experience

In the software sector, customization is now considered standard. The financial planning software should ideally include customizable reports, automatic recommendations based on AI, and more. The capacity of the software to provide custom reports illustrating each client’s particular financial path is the definition of strong financial planning software.

Evolution and benefits of the best financial planning software

Traditionally, financial planning software was nothing more than a calculator that assisted advisers in analyzing a client’s present financial condition and predicting future results based on market trends. The evolution of financial planning software enabled both advisers and customers to examine real-time data and make fast investment decisions, strengthening the two parties’ collaboration.

With another evolutionary step, clients are increasingly using the program. Although not new, Personal Financial Management software is gaining popularity post-pandemic and is being increasingly accepted as a “Advisor Fintech” solution. While it is supposed to make it easier for clients to manage their personal finances, it is also planned to become a central center for all essential data for clients and advice firms.

The future of financial planning software development will have to focus separately on each part for client, firm, and market from the standpoints of executing the basic calculator for advisors, collaborative tool for real-time analysis and decision making, and PFM. Not to mention the aggregate metadata obtained for larger commercial and financial insights.

However, the fundamental advantages of financial planning software will assist you in the following ways.


Improves your judgment and action plans

You can rethink and revamp your financial operations by using financial planning software. It enables you to make more proactive rather than reactive decisions. This type of software allows you to accurately forecast the optimal course of action to maximize earnings and minimize costs.

Enhance strategic analysis and planning

With the collaboration tool and PFM, financial planning software assists consulting firms and customers in developing and evaluating “what if” scenarios, identifying new income prospects, and determining the likelihood of important market trends and internal factors. These qualities serve as the foundation for productive company initiatives.

Reduce mistakes

When performing statistical analysis or working with numbers, the likelihood of human error is far higher than when employing a smart software solution. Web3 blockchain businesses can plan and perform more efficiently by deploying smart solutions, which reduce the chance of mistakes significantly.

Create financial transparency for shareholders

Having and giving your advisors and clients access to the same software creates a transparent environment that fosters confidence. Real-time data availability will also aid in making rapid and swift judgments, which are critical for successful financial planning.

How to develop the best financial planning software for your Web3 business?

Follow the steps below to build the best financial planning software for your Web3 business.


Choose the software type – Goal based vs. cash flow based

Every client is unique, as are their requirements. The first step is to select the software type depending on the advice your organization provides to clients based on the clientele kind. It is divided into two types: goal-based and cash-flow-based.

The goal-based financial planning software forecasts the goals based on the amount of investment made. One can calculate the amount of money needed to attain a specific goal. This may not take into account overall earnings when determining the amount of investment necessary. Cash-flow-based planning software, on the other hand, captures every earned penny and advises on investment while anticipating likely outcomes.

Delivery module – Interactive tools vs. printed reports

We are rapidly going toward paperless settings thanks to digitization. The software must offer a user-friendly interactive feature that can display results directly on clients’ mobile and tablet devices. The program should make cooperation possible by providing instant access to assumed modifications and anticipated outcomes.

Customer-centric improvements

The fundamental element demanded in any financial planning software is the ability to comprehend, serve, and locate new clients. The program must allow the advisor to serve clients of any cadre. The software must be able to adapt the investment solution offered by the advisory businesses to the preferences and background of the client.

Effortless input

Inputting some fundamental data, such as earnings, savings, and other investments, is expected to result in financial planning software producing an output that is reasonable and practical in terms of the investment. The design procedure should be meticulously planned for the smooth functioning in order to guarantee the same. Modular financial planning tools like stock options, tax planning, and a variety of insurances must also be included in the design.

Rational platforms and plugins

Given that not all users will be equally tech-savvy, it will be necessary to offer a feature that allows personal financial planning solutions to be integrated. On all platforms, including PCs, mobile devices, and more, the software should function properly.

Select the technology stack

Technology is critical in the development of robust software. The basic technology stack necessary to create financial planning software is as follows:

  • Frontend coding languages include HTML, CSS, JavaScript, and TypeScript.
  • Python, C++, C#, and Ruby are used for the backend.
  • SQL and NoSQL databases

Include the security features

Financial planning software is utilizing cloud-based technologies for a variety of reasons. Because the data collected and processed is massive and from several sources, maintaining robust security settings is critical. The development process should be carried out with this in mind from beginning to end.


With the pandemic accelerating online solutions, the financial planning software business is experiencing a rapid upward trend of growth. Whether you want to upgrade your current application or construct one from the ground up, an experienced financial software development firm like Satom can assist you in creating a platform that can work as a robust collaboration tool for you to display your financial plans for your Web3 business.


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