--- title: How Financial Planning Software Can Help With Financial Challenges description: Many businesses are finding themselves in a difficult financial situation, but with Financial Planning Software, it can alleviate financial challenges. image: https://www.account-ability.co.uk/hubfs/how-financial-planning-software-helps-you-survive-financial-challenges.png --- [![JDRGroup-AccountAbilityLogo-SMS-AKM-16-Apr-24-V1-01](https://www.account-ability.co.uk/hs-fs/hubfs/JDRGroup-AccountAbilityLogo-SMS-AKM-16-Apr-24-V1-01.webp?width=5000&height=1430&name=JDRGroup-AccountAbilityLogo-SMS-AKM-16-Apr-24-V1-01.webp "JDRGroup-AccountAbilityLogo-SMS-AKM-16-Apr-24-V1-01")](https://www.account-ability.co.uk/) [![header_logo AA](https://www.account-ability.co.uk/hs-fs/hubfs/header_logo%20AA.webp?width=1200&height=343&name=header_logo%20AA.webp "header_logo AA")](https://www.account-ability.co.uk/) - [Higher Education](https://www.account-ability.co.uk/higher-education-reporting-software) - Sectors - [Engineering & Manufacture](https://www.account-ability.co.uk/engineering-and-manufacturing) - [Higher Education](https://www.account-ability.co.uk/higher-education-reporting-software) - [Hospitality & Leisure](https://www.account-ability.co.uk/hospitality-and-leisure) - [Professional Services](https://www.account-ability.co.uk/professional-services) - [Law Firms](https://www.account-ability.co.uk/law-firms) - Solutions - #### Higher Education Solutions - [TRAC Solutions](https://www.account-ability.co.uk/higher-education/trac-solutions) - [Student Numbers & Income Planning](https://www.account-ability.co.uk/higher-education/student-numbers-income-planning) - [Financial Governance & Strategic Planning](https://www.account-ability.co.uk/higher-education/financial-governance-solutions) - #### Solutions - [Budgeting, Planning & Reporting](https://www.account-ability.co.uk/business-budgeting-system) - [Balance Sheet & Cash Flow Planning](https://www.account-ability.co.uk/business-cashflow-forecasting-software) - [Sales Forecasting](https://www.account-ability.co.uk/sales-forecasting-software) - [Financial Consolidation](https://www.account-ability.co.uk/corporate-financial-consolidation-solutions) - #### Corporate Planner Software - [Corporate Performance Management](https://www.account-ability.co.uk/corporate-planner/cpm-software) - [Budgeting](https://www.account-ability.co.uk/corporate-planner/corporate-budgeting-software) - [Integrated Financial Planning](https://www.account-ability.co.uk/corporate-planner/integrated-financial-planning) - [Financial Consolidation](https://www.account-ability.co.uk/corporate-planner/financial-consolidation-software) - [Liquidity Management](https://www.account-ability.co.uk/corporate-planner/liquidity-management) - #### Support - [CP Implementation](https://www.account-ability.co.uk/implementation-training-and-support) - [CP Training](https://www.account-ability.co.uk/implementation-training-and-support#training) - [CP Support](https://www.account-ability.co.uk/implementation-training-and-support#support) - [Integrated Financial Planning Training](https://www.account-ability.co.uk/integrated-financial-planning-training) - [About Us](https://www.account-ability.co.uk/about-us) - Resources - [Blog](https://www.account-ability.co.uk/blog-news) - [Free Downloads](https://www.account-ability.co.uk/resources) - [Webinar Recordings](https://www.account-ability.co.uk/webinars) - [Case Studies](https://www.account-ability.co.uk/blog-news/tag/case-studies) - [FAQs](https://www.account-ability.co.uk/faq-account-ability) - [Contact Us](https://www.account-ability.co.uk/contact) More results [ Book A Demo ](https://www.account-ability.co.uk/request-a-demo) [ Book A Demo ](https://www.account-ability.co.uk/request-a-demo) [ Book A Demo ](https://www.account-ability.co.uk/request-a-demo) - Higher Education - [How We Help](https://www.account-ability.co.uk/higher-education-reporting-software) - [TRAC Solutions](https://www.account-ability.co.uk/higher-education/trac-solutions) - [Student Numbers & Income Planning](https://www.account-ability.co.uk/higher-education/student-numbers-income-planning) - [Financial Governance & Strategic Planning](https://www.account-ability.co.uk/higher-education/financial-governance-solutions) - Sectors - [Engineering & Manufacture](https://www.account-ability.co.uk/engineering-and-manufacturing) - [Higher Education](https://www.account-ability.co.uk/higher-education-reporting-software) - [Hospitality & Leisure](https://www.account-ability.co.uk/hospitality-and-leisure) - [Professional Services](https://www.account-ability.co.uk/professional-services) - [Law Firms](https://www.account-ability.co.uk/law-firms) - Solutions - [Budgeting, Planning & Reporting](https://www.account-ability.co.uk/business-budgeting-system) - [Balance Sheet & Cash Flow Planning](https://www.account-ability.co.uk/business-cashflow-forecasting-software) - [Sales Forecasting](https://www.account-ability.co.uk/sales-forecasting-software) - [Financial Consolidation](https://www.account-ability.co.uk/corporate-financial-consolidation-solutions) - Corporate Planner Software - [Corporate Performance Management](https://www.account-ability.co.uk/corporate-planner/cpm-software) - [Budgeting](https://www.account-ability.co.uk/corporate-planner/corporate-budgeting-software) - [Integrated Financial Planning](https://www.account-ability.co.uk/corporate-planner/integrated-financial-planning) - [Financial Consolidation](https://www.account-ability.co.uk/corporate-planner/financial-consolidation-software) - [Liquidity Management](https://www.account-ability.co.uk/corporate-planner/liquidity-management) - Support - [CP Implementation](https://www.account-ability.co.uk/implementation-training-and-support) - [CP Training](https://www.account-ability.co.uk/implementation-training-and-support#training) - [CP Support](https://www.account-ability.co.uk/implementation-training-and-support#support) - [Integrated Financial Planning Training](https://www.account-ability.co.uk/integrated-financial-planning-training) - [About Us](https://www.account-ability.co.uk/about-us) - Resources - [Blog](https://www.account-ability.co.uk/blog-news) - [Free Downloads](https://www.account-ability.co.uk/resources) - [Webinar Recordings](https://www.account-ability.co.uk/webinars) - [Case Studies](https://www.account-ability.co.uk/blog-news/tag/case-studies) - [FAQs](https://www.account-ability.co.uk/faq-account-ability) - [Contact Us](https://www.account-ability.co.uk/contact) [ Book A Demo ](https://www.account-ability.co.uk/request-a-demo) [BLOG](https://www.account-ability.co.uk/blog-news/tag/blog) # How Financial Planning Software Helps You Survive Financial Challenges [![Account Ability](https://app.hubspot.com/settings/avatar/d41d8cd98f00b204e9800998ecf8427e)](https://www.account-ability.co.uk/blog-news/author/account-ability) by [Account Ability](https://www.account-ability.co.uk/blog-news/author/account-ability) 2 min read Feb 16, 2024 2:13:07 PM In 2024, many businesses are finding themselves in a difficult financial situation, with the cost-of-living crisis not long having peaked. Whilst inflationary pressures are easing, businesses are facing many other challenges, threats and uncertainties. These include markets, supply and price threats from many military conflicts around the world; the future level of interest rates and business and consumer taxes; political uncertainty from the forthcoming general election; etc. [![Request A Quote](https://no-cache.hubspot.com/cta/default/7457506/1848b1a8-774c-47eb-bacf-c9395250e600.png)](https://cta-redirect.hubspot.com/cta/redirect/7457506/1848b1a8-774c-47eb-bacf-c9395250e600) The effect of these has been that more businesses are experiencing ‘stress’ and the need to keep a very close eye on their bottom line in order to continue to reach their forecasted goals. So how can businesses best protect themselves, and even thrive, under such circumstances? One important way is by having a ***planning process and software that combines and manages 3 key tasks in an integrated way***: 1. ***Identifying and Managing Immediate Short-term Threats***: this encompasses near-term cash flow planning, balance sheets, P&L and especially the assurance of achieving banking covenant terms and the availability of necessary funding. The [planning software](https://www.account-ability.co.uk/corporate-planner/corporate-budgeting-software) requires the ability to re-forecast rapidly, to run multiple scenarios and to identify key actions for continued ‘ongoing concern’. 2. ***Planning Round Process***: The ‘standard planning round’ activities continue with marketing, sales, production, investment, overhead support activity etc. planning. But ***in times of stress*** there is an increased need to identify, quantify, and prioritise activities and channels that ‘make money’, and to cut back on those activities and assets that add no real value, or worse, lose money. Overhead and support costs also need to be ruthlessly simplified. The planning software needs to be capable of bringing these assessments and decisions to the forefront attention of managers. 3. ***Strategic Development***: For almost all businesses the future is secured by [investment in growth](https://www.account-ability.co.uk/blog-news/enterprise-budgeting-forecasting-and-reporting-software) and in markets, services, and products where they can excel. ***The planning process needs to encapsulate this activity*** just as much as managing short-term threats and the [standard planning round](https://www.account-ability.co.uk/blog-news/meet-deadlines-with-commercial-budgeting-and-reporting-software). - ***Modern ‘planning software’ can uniquely help you achieve these 3 key tasks*** in an integrated way: - ***Modelling and reporting any immediate short-term threats***, e.g. to cash flow, banking covenants and financing; prioritising and quantifying actions to be taken - ***Dealing with ‘all planning round’ activities in an integrated ‘single version of the truth’*** manner, with the added benefit of full scenario planning - ***Strategic and Operational review***, set in context with the existing business model and future opportunities and threats - All this with ***personalised web-based access to all key players*** on an individual roles and rights basis, and a ‘single version of the truth’ - ***Direct links with drill-down to finance and transaction systems***, with links to your data analytics/business intelligence system - ***The best modern planning software systems enable you to achieve the above in a progressive manner, not disrupting existing operations. The first benefits can be achievable in as little as 10 days.*** ## **Get in touch with the experts** In tricky financial times, budgeting and financial software is one investment that you will not regret. [Contact Account-Ability](https://www.account-ability.co.uk/contact) to learn more about how we can help your business navigate these waters and save yourself a lot of time and money in the long run. [![account-ability-integrated-financial-planning-whitepaper](https://no-cache.hubspot.com/cta/default/7457506/652fb378-aec4-4854-bd7d-b189d90f6ce5.png)](https://cta-redirect.hubspot.com/cta/redirect/7457506/652fb378-aec4-4854-bd7d-b189d90f6ce5) Image Source: [Canva](https://www.canva.com/photos/MAFkfnsPzy0-accountant-or-business-woman-working-with-calculator-and-laptop-computer-tax-deduction-planning-concept-business-woman-calculating-business-balance-prepare-tax-reduction/) [facebook-f icon ](https://www.facebook.com/businessbudgetingsolutions) [youtube icon ](https://www.youtube.com/channel/UCjTjGqnOZ0R_bBpOkZORoRA) [linkedin-in icon ](https://www.linkedin.com/uas/login?session_redirect=%2Fcompany%2F16265317) ### Posts By Topics - [BLOG (92)](https://www.account-ability.co.uk/blog-news/tag/blog) - [Case Studies (3)](https://www.account-ability.co.uk/blog-news/tag/case-studies) - [NEWS (3)](https://www.account-ability.co.uk/blog-news/tag/news) ### Recent Articles [How to Improve Management Reporting for University Councils & Executive Teams?](https://www.account-ability.co.uk/blog-news/how-to-improve-universities-management-reporting) [How FDs Can Improve Forecast Confidence in an Uncertain Funding Environment?](https://www.account-ability.co.uk/blog-news/financial-forecasting-software-fd-confidence) [Corporate Planner Four Top Ranks in BARC 2026 Financial Consolidation Solution Review](https://www.account-ability.co.uk/blog-news/financial-consolidation-corporate-planner-tops-barc) [From Data to Decisions: Giving University Leadership Timely Financial Insight](https://www.account-ability.co.uk/blog-news/corporate-planner-university-financial-insight) ### Subscribe to our blog This is a search field with an auto-suggest feature attached. - There are no suggestions because the search field is empty. [![get-your-free-5-ways-to-save-time-on-budgeting-and-forecasting-guide](https://www.account-ability.co.uk/hubfs/get-your-free-5-ways-to-save-time-on-budgeting-and-forecasting-guide.webp) ](https://www.account-ability.co.uk/budgeting-forecasting-guide) Previous story [← The importance of Budgeting and Forecasting Software for large companies](https://www.account-ability.co.uk/blog-news/budgeting-and-forecasting-software-for-large-companies) Next story [How Budgeting Software Can Improve Efficiency in the Property and Real Estate Sector →](https://www.account-ability.co.uk/blog-news/how-budgeting-software-improves-efficiency) ### You May Also Like These Related Stories [Why Should You Invest In Financial Consolidation Software?](https://www.account-ability.co.uk/blog-news/invest-in-financial-consolidation-software) ![Two men and one Woman looking into a new Financial Software](https://www.account-ability.co.uk/hubfs/why-should-you-invest-in-financial-consolidation-software%20%281%29.png) [BLOG](https://www.account-ability.co.uk/blog-news/tag/blog) #### Why Should You Invest In Financial Consolidation Software? Dec 6, 2022 10:53:10 AM 2 min read [Why You Need A Financial Consolidation System](https://www.account-ability.co.uk/blog-news/why-you-need-a-financial-consolidation-system) ![](https://www.account-ability.co.uk/hubfs/financial-consolidation-system.jpg) [BLOG](https://www.account-ability.co.uk/blog-news/tag/blog) #### Why You Need A Financial Consolidation System Jul 25, 2022 1:00:00 PM 2 min read [Corporate Planner Four Top Ranks in BARC 2026 Financial Consolidation Solution Review](https://www.account-ability.co.uk/blog-news/financial-consolidation-corporate-planner-tops-barc) ![Business analytics dashboard showing financial charts and reporting insights for Financial Consolidation processes.](https://www.account-ability.co.uk/hubfs/business-meeting-analyzing-data-in-office-workplac-2026-01-08-06-12-15-utc%20%281%29.jpg) [BLOG](https://www.account-ability.co.uk/blog-news/tag/blog) #### Corporate Planner Four Top Ranks in BARC 2026 Financial Consolidation Solution Review Jun 4, 2026 11:00:00 AM 2 min read ### Get Email Notifications [P: +44 1242 578966](tel:441242578966) [E: sales@account-ability.co.uk](mailto:sales@account-ability.co.uk) Company Number: 07139643 VAT Number: GB 682 4328 24 [ Book A Demo](https://www.account-ability.co.uk/request-a-demo) [Join us on Slack ](https://www.facebook.com/businessbudgetingsolutions) [Browse our GitHub projects ](https://www.linkedin.com/company/16265317) [Sectors](https://www.account-ability.co.uk/blog-news/how-financial-planning-software-helps-with-financial-challenges#) - [Automotive Trade](https://www.account-ability.co.uk/automative-reporting-software) - [Engineering & Manufacturing](https://www.account-ability.co.uk/engineering-and-manufacturing) - [Financial Services](https://www.account-ability.co.uk/financial-services) - [Health & Social Care](https://www.account-ability.co.uk/healthcare-budgeting-software) - [Higher Education](https://www.account-ability.co.uk/higher-education-reporting-software) - [Hospitality & Leisure](https://www.account-ability.co.uk/hospitality-and-leisure) - [Housing & Real Estate](https://www.account-ability.co.uk/real-estate-budgeting-software) - [Not for Profit](https://www.account-ability.co.uk/not-for-profit) - [Professional Services](https://www.account-ability.co.uk/professional-services) - [Technology & Growth](https://www.account-ability.co.uk/technology-and-growth) - [Transport & Logistics](https://www.account-ability.co.uk/corporate-planner/transport-logistics-cpm-solutions) [Solutions](https://www.account-ability.co.uk/blog-news/how-financial-planning-software-helps-with-financial-challenges#) - [Budgeting, Planning and Reporting](https://www.account-ability.co.uk/business-budgeting-system) - [Balance Sheet And Cash Flow Planning](https://www.account-ability.co.uk/business-cashflow-forecasting-software) - [Sales Forecasting](https://www.account-ability.co.uk/sales-forecasting-software) - [Financial Consolidation](https://www.account-ability.co.uk/corporate-financial-consolidation-solutions) [CPM Software](https://www.account-ability.co.uk/blog-news/how-financial-planning-software-helps-with-financial-challenges#) - [CPM Software](https://www.account-ability.co.uk/corporate-planner/cpm-software) - [Budgeting Software](https://www.account-ability.co.uk/corporate-planner/corporate-budgeting-software) - [Integrated Financial Planning Software](https://www.account-ability.co.uk/corporate-planner/integrated-financial-planning) - [Financial Consolidation Software](https://www.account-ability.co.uk/corporate-planner/financial-consolidation-software) - [Liquidity Management Software](https://www.account-ability.co.uk/corporate-planner/liquidity-management) More - [About us](https://www.account-ability.co.uk/about-us) - [Implementation Training](https://www.account-ability.co.uk/implementation-training-and-support) - [Integrated Financial Planning Training](https://www.account-ability.co.uk/integrated-financial-planning-training) - Blog - [Software Support](https://www.account-ability.co.uk/support) - [Free Downloads](https://www.account-ability.co.uk/resources) - [Save Time Budgeting & Forecasting](https://www.account-ability.co.uk/ways-to-save-time-budgeting-forecasting) - [Financial Planning Needs In Higher Education Guide](https://www.account-ability.co.uk/how-financial-planning-needs-have-changed-in-higher-education-pillar-page) - [Master Scenario Planning](https://account-ability-7457506.hs-sites.com/mastering-scenario-planning-a-comprehensive-guide) Copyright © 2026 Account-Ability Limited.            Website developed by the [JDR Group](https://www.jdrgroup.co.uk/) - [Terms](https://7457506.hs-sites.com/terms-and-conditions) - [Privacy](https://7457506.hs-sites.com/privacy-policy) - [Cookies](https://7457506.hs-sites.com/cookie-policy)