You may be forgiven for thinking that apps have taken over the world with offerings that will help you manage your weight, track your run and call a taxi but what financial apps are available for businesses?
In this post, we’re highlighting some of the better apps that work on mobile devices and that can help businesses make and save money.
Whether you are a one-man-band or a large business that has many employees then we’re sure you’ll find something here that will be perfect for your enterprise.
It can be incredibly galling if you have income from overseas and suddenly find it reduced due to ridiculous bank charges and a poor exchange rate. Annoyingly the final price paid is often only known well after the event when it hits your bank account statement.
For companies that pay suppliers overseas, the extra costs involved in settling accounts can reduce significantly the benefit of buying in a different market.
The fact that traditional currency exchange is time-consuming and unwieldy adds to the sense of dissatisfaction that many businesses feel when trying to transact in a foreign currency.
TransferWise is an excellent method of sending currency abroad and boasts superb transparency with each proposed transaction clearly showing the charges, the purchase price for the currency and exactly what the recipient will receive.
Fees for TransferWise are much smaller than for high street banks and the exchange rate is much more favourable and can be locked in for 24 hours.
Sick of having little receipts going missing?
ReceiptBank is an excellent app that integrates with your SaaS accounting software to take the headaches away.
When they obtain a receipt the users simply snaps a photo on their smartphone and this is automatically converted using the latest Optical Character Recognition (OCR) software into the data required for accounting.
The company accountants can review before the expense is added to the ledger to ensure accuracy although ReceiptBank has a remarkable first-time hit rate.
Being able to deal with all types of receipts, ReceiptBank is a massive time-saver.
UTP Virtual Gateway
Imagine being able to take credit or debit card payments at your customer’s home, workplace or even out in the middle of a field!
A virtual terminal gateway from the UTP Group users to do just that using a laptop, tablet or smartphone making this one of the most useful online additions out there.
Featuring a simple to use User Interface (UI) the solution can even be used for recurring payments and features superbly detailed transaction reporting.
Seen a video that would be great for your business?
Pocket is a superb app that lives on your device just waiting for you to have the life-changing discovery.
The app will save content from anywhere on the web and you can save it to use later in developing your business.
Being able to curate your own content enables you to make sure that those ideas for new products and services, or articles that may provide you with ways to make your company more efficient don’t get away from you.
If you are running a business then you need to keep an eye on your finances but for most people, the thought of having to learn finance and accounts is perhaps not the ideal solution.
Freshbooks is an exceptionally user-friendly bookkeeping app that allows users to do their books wherever they may be.
The UI is clear and easy to learn and you don’t need to be a qualified accountant to understand what is going on!
The app has an impressive range of features with expense tracking, time tracking, a full suite of reports, multicurrency billing and the option of integrating with other online services like your bank account and apps like WordPress and ZenDesk.
Avast Business Antivirus Pro
OK so this isn’t a financial app as such but we make no apologies for including it here.
If you are going to be interacting with your new suite of financial apps then you need to keep your device secure and Avast Business Antivirus Pro is the way to do it.
The app provides a range of security tools that will make sure that your device is secure and your data protected.
Firewall, email protection, anti-spam and the ability to use a sandbox to test apps means that this is probably one of the most flexible protection packages out there.
If you need something a little more capable than Freshbooks with many more features then Quickbooks may well fit the bill.
With an enviable reputation in the business world, Quickbook has now gone online and is available on all types of devices.
The system has various levels of features, with a simple to use version at a low price for freelancers and micro-businesses to a fully-featured version that allows multiple users, powerful reporting and project management.
Its ‘snap and store’ feature allows executives on the go to take a photo of a receipt or invoice and upload directly into the system for use later.
The front end dashboard is fully customisable and exceptionally useful and as you would expect from a market leader the range of apps that it integrates with is very long and growing all the time.
The system itself benefits from having an incredibly wide range of features including multi-currency reporting and auto bank feeds and Quickbooks support is widely acknowledged as being class-leading.
When you have made your money what are you going to do with it?
Acorns is a financial wellness and investment app that allows you to make, manage and withdraw your investments all from the comfort of your own phone.
The app allows you to set goals and teaches users how to get the best return on their money including how to reduce charges.
Investment can start as low as $1 per month and the app has a handy spare change feature.
Use apps and increase efficiency
There’s a good reason why apps have taken over the world.
Whether it be for collating important financial information or managing your finances they make people and businesses so much more efficient.
Smart businesses are constantly scanning the environment to find the latest systems that will help them delight their clients, assist their staff or allow them to understand what is going on in their business.