As we all know, the business competition is growing even more ferocious. For this reason, plenty of companies are relying on predictive models to improve decision-making in critical business aspects such as finances. Luckily, you can use financial predictive analytics software to manage your finances more efficiently. Continue reading below for more information.
7+ Financial Predictive Analytics Software
1. NeuroShell Trader
2. Online Stock Predictor
3. Personetics Engage
5. CI Futures
6. CME E-Mini
7. FactSet Research Management
8. Social Market Analytics
What is Financial Predictive Analytics Software?
Financial analytics is a critical process in a business. Such a process helps you concentrate on calculating and managing your company’s tangible assets, such as cash and equipment. Good financial analytics helps your company to improve its financial planning. Since manual processes can usually take too much of your time, experts developed financial predictive analytics software to help you acquire accurate data analysis quickly and conveniently. Accurate financial predictive analytics can help numerous factors of your business, such as supply chain planning, forecasting, and financial action plan. With such a tool at your disposal, you can worry less about overlooks and frustrating events. Improve your budgeting and forecasting with financial predictive analytics software.
As mentioned previously, manual processes are undeniably effort and time-consuming. Aside from that, you can obtain inaccurate results that can lead to incompatible financial planning. With the financial predictive analytics software, you can save more time and the hassles as they provide attributes that can help you acquire accurate financial analysis, which can help in decision-making processes.
Numerous technology companies developed financial predictive analytics software that offers various innovative features and functionalities. Different platforms may offer a free version, premium advanced features, free basic features, free trials over a certain period. Regardless of these choices, you have to put in mind that some platforms offer empty promises. That is why it is advisable to conduct research and evaluate software to ensure you purchased the best and compatible software for your operations. The following are examples of features most users recommend:
- AI/Machine Learning
- Modeling & Simulation
- Third-Party Integrations
- Commercial Properties
- Equipment Management
- Fixed Asset Management
- Incident Management
- Inspection Management
- Inventory Control
- Preventive Maintenance
Top 8 Financial Analytics Software
1. CME E-mini
CME E-mini developed by CME Group provides features and benefits such as leading liquidity, central marketplace, safety and security, margin savings, and more. CME Group has annual revenue of $4 billion and 4,370 employees.
2. FactSet Research Management
FactSet Research Management developed by FactSet Research Systems includes accounting, benchmarking, client portal, risk management, and more innovative features. FactSet Research System has annual revenue of $1,376.9 million and 9,496 employees.
3. Personetics Engage
Personetics Engage, developed by Personetics Technologies, is a banking solution that truly prioritizes the needs of the customer. Personetics Technologies has annual revenue of $26.8 million and 206 employees.
Alpaca helps you account plans, paper trading specifications, crypto trading, fractional trading, understand orders, protect users, and provide market data. Alpaca has annual revenue of more than five million dollars and more than 25 employees.
5. CI Futures
CI Futures developed by Complete Intelligence includes market data analysis, predictive pricing models, price forecasting, pricing analytics, profitability analysis, and more features. Complete Intelligence has annual revenue of more than a million dollars and more than ten employees.
6. NeuroShell Trader
NeuroShell Trader is trading management software made to help you acquire accurate data analysis to manage market forecasts. It is a combination of traditional and Artificial Intelligence (AI) tools.
7. Online Stock Predictor
Online Stock Predictor from Altredo Finance Analysis and Software includes a strategy as well as an add-on automation tool. With forecasting and multivariate analysis as examples of their offered features.
8. Social Market Analytics
Social Market Analytics provides a business dashboard that provides report and market snapshots, alerts, intraday, and historical performance. It provides new data sources to the financial and marketing communities for evaluating financial data sets, increasing returns, and reducing risk.
Why do you need financial predictive analytics software?
As you know, financial predicting processes are essential for every business to forecast financial possibilities. Since manual processes are time-consuming and can be unreliable, financial predictive analytics software provides logical features and functionalities where you can manage all your financial critical aspects and acquire accurate financial predictive analytics. With such a tool, you can analyze patterns and predict outcomes.
What role does predictive analytics play in finance?
Nowadays, several people rely on banks to manage and secure their money. Since banks need to provide customer satisfaction, they need to use tools that will bring them to growth and development. Predictive analytics is a solution most financial institutions use to help them optimize their processes while reducing costs and resources utilized.
What are the advantages of predictive maintenance?
There are a lot of advantages predictive maintenance can offer. Predictive maintenance is the process where you monitor the performance of your product or system. Predictive maintenance helps you locate weak points that can delay your operations. Predictive maintenance is a proactive strategy for reducing asset breakdowns. Preventing possible breakdowns ensures saving money.
A large corporation or even a small business receives numerous data. Studying and understanding these sets of data is necessary to obtain logical strategies that will bring your business to develop. Financial predictive analytics software helps you capture these data, analyze, and forecast. You can easily improve critical aspects such as procurement management, spending, budgeting, and forecasting with such a software tool.
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