LiveFlow Financial Planning and Analysis (FP&A) Software Review for 2025

LiveFlow is a financial planning and analysis (FP&A) software that helps you streamline your financial workflows and reporting at month-end. It offers you the value of simplifying complex financial tasks, freeing up your time to focus on strategic growth.

The software best serves small to medium-sized businesses, accounting firms, and finance departments looking for real-time financial insights into their cash flow.

In this article, I use my experience in financial operations and controls to provide you with a deeper look into LiveFlow's features, pros and cons, best and worst use cases, pricing, and more. If you're an accountant or financial professional aiming to enhance your financial forecasting, budgeting, and analysis skills, you're in the right place.

LiveFlow Evaluation Summary

Why Trust Our Software Reviews

LiveFlow Overview

Are You a Good Fit for LiveFlow?

Who Would Be a Good Fit for LiveFlow?

LiveFlow is a game changer for small to medium-sized businesses, accounting firms, and finance departments that need efficient financial reporting and real-time data insights. If your team relies on tools like Google Sheets for budgeting and forecasting, LiveFlow’s seamless integration is a time saver that will enhance your workflow. Additionally, companies in tech startups or retail industries, where agility and quick decision-making are vital, will find its real-time capabilities and ease of use especially beneficial.

Best Use Cases for LiveFlow

Tech Startups

LiveFlow's real-time data insights help startup companies stay agile in a fast-paced environment.
Retail Chains

Retail businesses can benefit from the software’s quick forecasting and budgeting with LiveFlow's automation features.
Accounting Firms

The software’s automated financial reporting tasks can help reduce manual work and free up more time for strategic client advice.
Finance Departments

Finance departments can use LiveFlow’s user-friendly interface and real-time updates to simplify complex financial workflows.
Small Businesses

Small business owners can reduce manual errors and save time with LiveFlow's automated accounting data entry, invoicing, and reporting.
Consulting Agencies

The software’s financial planning services provide clients with instant, accurate financial insights.

Who Would Be a Bad Fit for LiveFlow?

LiveFlow may not be the best fit for large enterprises or highly specialized industries that require advanced financial modeling and extensive customization. Additionally, if your team requires more detailed onboarding support or relies heavily on custom reporting, you might find LiveFlow’s current capabilities limiting. Overall, organizations with intricate financial structures or demanding data manipulation needs might find LiveFlow lacks the depth and flexibility they require.

Worst Use Cases for LiveFlow

Large Enterprises

Large enterprises often have complex and diverse financial requirements that might exceed LiveFlow's current feature set.
Manufacturing Industries

The need for detailed custom reporting and intricate financial models in manufacturing sectors may not align with LiveFlow's offerings.
Financial Analysts

For businesses with financial analysts who require advanced modeling and in-depth data manipulation, LiveFlow might not meet your expectations.
Heavily Regulated Sectors

Compliance-based sectors, such as healthcare and cybersecurity, may need more detailed compliance and reporting features than LiveFlow provides.
Custom Software Developers

Custom software developers dedicated to building tailored financial solutions can find LiveFlow's lack of extensive customization challenging.

How We Test & Score Tools

We’ve spent years building, refining, and improving our software testing and scoring system. The rubric is designed to capture the nuances of software selection and what makes a tool effective, focusing on critical aspects of the decision-making process.

Below, you can see exactly how our testing and scoring works across seven criteria. It allows us to provide an unbiased evaluation of the software based on core functionality, standout features, ease of use, onboarding, customer support, integrations, customer reviews, and value for money.

Core Functionality (25% of final scoring)

The starting point of our evaluation is always the core functionality of the tool. Does it have the basic features and functions that a user would expect to see? Are any of those core features locked to higher-tiered pricing plans? At its core, we expect a tool to stand up against the baseline capabilities of its competitors.

Standout Features (25% of final scoring)

Next, we evaluate uncommon standout features that go above and beyond the core functionality typically found in tools of its kind. A high score reflects specialized or unique features that make the product faster, more efficient, or offer additional value to the user.

We also evaluate how easy it is to integrate with other tools typically found in the tech stack to expand the functionality and utility of the software. Tools offering plentiful native integrations, 3rd party connections, and API access to build custom integrations score best.

Ease of Use (10% of final scoring)

We consider how quick and easy it is to execute the tasks defined in the core functionality using the tool. High scoring software is well designed, intuitive to use, offers mobile apps, provides templates, and makes relatively complex tasks seem simple.

Onboarding (10% of final scoring)

We know how important rapid team adoption is for a new platform, so we evaluate how easy it is to learn and use a tool with minimal training. We evaluate how quickly a team member can get set up and start using the tool with no experience. High scoring solutions indicate little or no support is required.

Customer Support (10% of final scoring)

We review how quick and easy it is to get unstuck and find help by phone, live chat, or knowledge base.Tools and companies that provide real-time support score best, while chatbots score worst.

Customer Reviews (10% of final scoring)

Beyond our own testing and evaluation, we consider the net promoter score from current and past customers. We review their likelihood, given the option, to choose the tool again for the core functionality. A high scoring software reflects a high net promoter score from current or past customers.

Value for Money (10% of final scoring)

Lastly, in consideration of all the other criteria, we review the average price of entry level plans against the core features and consider the value of the other evaluation criteria. Software that delivers more, for less, will score higher.