pStarting your own advisory business is no small feat. The odds are against you. You’re in the thick of it, trying to ascertain the most efficient way of expanding your sphere of influence. Finances are tight, and there is a tendency to try to do every task without assistance. But these days, there’s a whole arsenal of tools out there designed to make your life easier, the cost of which is more than manageable.
From project management to finances and even design, we have curated tools that are used by our successful clients that help them be profitable and productive. They realise that in terms of time saved, these products are crucial to their ongoing success.
So, if you’re drowning in spreadsheets or spending hours scheduling meetings, try to imagine a universe where you could reclaim that time and use it to focus on what matters – growing your business. That’s where these tools come into play. They’re not just about making tasks easier; they’re about giving you the freedom to concentrate on the big picture.
To save you time ploughing through an exhaustive website search, we have researched for you and highlighted the best SaaS products to ensure that each facet of your advisory service is firing on all cylinders.
Project management
01. Monday
There are many stellar project management tools, but none are as versatile as Monday. Let’s say you’re leading a financial advisory firm. You can implement Monday to streamline client onboarding processes and manage tasks throughout their lifecycle. By setting up a customized workflow, advisors can track each client’s progress, ensuring that all necessary documents are collected and actions are taken in a timely manner.
Similarly, a legal advisory service can use Monday to manage case files and deadlines. The platform’s timeline and calendar features allow advisors to keep track of important dates and ensure that deadlines are met.
Without a centralized platform for project management, we know tasks can easily slip through the cracks, leading to missed deadlines and dissatisfied clients. Additionally, a lack of transparency and communication can result in inefficiencies and a disjointed team, further hindering productivity.
Getting all your employees, whether freelancers or full-time hires, to buy into using a tool like Monday strengthens team cohesion, leading to a more harmonious and effective work environment.. When everyone is on board, it fosters a sense of ownership and accountability, as each team member can see how their contributions fit into the bigger picture.
| Monday’s G2 Score | Monday’s Capterra Score |
|---|---|
| 4.7 | 4.6 |
| Pros | Cons |
|---|---|
| Brilliant user experience | A layout that can take some getting used to |
| Good customer support | Limited report customization |
| Vibrant visualization | Limited information boxes |
| Easy to organize | |
| Easy to track progress |
Outsourced Marketplace
02. Quickly Hire
Quickly Hire offers a convenient solution for advisory services looking to enhance their online presence or marketing efforts by connecting them with outsourced talent from a global marketplace. Whether you need a designer to update your website, a content marketer to boost your visibility or a virtual assistant for ongoing support, Quickly Hire can match you with fully vetted and compliant freelancers.
One of the key advantages of using Quickly Hire is the time and effort saved in the hiring process. Instead of working out the complexities of self-hiring on your own, which can be time-consuming and uncertain, Quickly Hire takes care of the vetting and compliance, ensuring you get qualified talent tailored to your needs. This is particularly beneficial for small businesses aiming to remain profitable without the overhead of full-time hires.
Moreover, Quickly Hire’s monthly freelancer model offers flexibility to scale your resource allocation up or down based on your business cycles. This adaptability is essential for managing the feast-and-famine productivity cycles that many advisory services experience.
By outsourcing tasks to capable freelancers, you’re not only saving money in the long run but also acknowledging that there are areas where external expertise can bring more value to your business. Successful business owners recognize the importance of focusing on their strengths and delegating other tasks to professionals who can perform them more efficiently.
| Quickly Hire’s Product Hunt Score | Quickly Hire’s Clutch Score |
|---|---|
| 5.0 | 5.0 |
| Pros | Cons |
|---|---|
| Streamlined matchmaking | Some candidates may lack personal skills. |
| Global pool of vetted talent. | Limited assistance in learning to manage freelancers. |
| Efficient hiring process | |
| Affordable options for small businesses | |
| Managed contracts and compliance |
Design and branding
03. Looka
For advisory services aiming to make a mark in the competitive online space, Looka is a valuable asset.
Whether you’ve been around a while and are rebranding or you are starting fresh, your advisory service needs a logo that encapsulates your expertise and professionalism. Instead of enduring the complexities of hiring through outsourcing platforms, Looka offers a swift solution. With its AI-driven technology, we love that Looka helps owners create client-facing images that are visually appealing and align with the latest design trends, ensuring your brand stands out.
This immediacy and cost-effectiveness are crucial for advisory services, where making a strong first impression can be the difference between blending in and being the go-to expert in your field. Looka empowers you to take control of your branding, providing a seamless experience from logo creation to designing business cards and websites, all tailored to the unique needs of advisory services.
| Looka’s Product Hunt Score | Looka’s TrustPilot Score |
|---|---|
| 4.7 | 4.5 |
| Pros | Cons |
|---|---|
| No prior design experience required | Lacks personal interaction in the design process |
| Customizable with a range of fonts, colors, and icons | Limits to how much users can tweak their designs |
| Cost-effective solution for startups and small businesses | |
| AI-driven design process | |
| Efficient support team |
Payroll services
04. Papaya Global
Trying to handle global payroll yourself can be tricky and not advisable for the uninitiated. Each country has its own set of complex labor laws and tax regulations. It’s a full-time job just keeping up with the changes, let alone implementing them. Plus, the risk of errors increases with every new employee and every new country you expand into. As an advisor, your focus should be on your clients and growing your business, not getting bogged down in payroll intricacies.
That’s where Papaya Global steps in. It’s not just a tool; it’s peace of mind. We love the way It automates the entire payroll process, from onboarding to payments, ensuring compliance in over 160 countries. So, you can rest easy knowing that your international team is taken care of, and you can get back to what you do best – advising your clients.
| Papaya Global’s G2 Score | Papaya Global’s Capterra Score |
|---|---|
| 4.5 | 4.5 |
| Pros | Cons |
|---|---|
| Quick and efficient payroll processing | Invoices can cause confusion |
| User-friendly platform | Mass updates of employee data can be cumbersome |
| Excellent customer support | Some platform functionality issues |
| Robust compliance with local regulations | |
| Integration with HCM and ERP tools |
Compliance
05. FileForms
For small to medium-sized advisory businesses such as law firms, accountants, coaches, and mentors, FileForms can be an invaluable tool, especially during the early stages of their growth and as they scale. When starting out, businesses we deal with often face the challenge of managing regulatory reporting efficiently while focusing on delivering value to their clients. As they grow, the complexity of compliance increases, making it even more critical to have a reliable system in place.
FileForms addresses these challenges by providing a streamlined platform for filing state and federal regulatory reports, including the new Beneficial Ownership Information (BOI) report required by the Corporate Transparency Act (CTA). This is particularly relevant for advisors who work with clients across various industries, as it ensures their clients remain compliant with the latest regulations.
FileForms is not just a compliance tool; it’s a ticket to enhancing the value and efficiency of forward-thinking advisory businesses. By integrating this platform into their operations, advisors can focus on what they do best—providing expert guidance and support to their clients—while leaving the complexities of regulatory reporting to a trusted software solution.
| FileForm’s Awards |
|---|
| Top new accounting product 2024 |
| Pros | Cons |
|---|---|
| Best value BOI reporting product on the market | The steep learning curve for the uninitiated |
| Bulk Data Upload Capability | Technical aspects may need additional customer support |
| Customizable technology | |
| API integration |
Social Media Management
06. Publer
For advisory services looking to boost their online presence, Publer is a social media management tool that stands out for its user-friendly interface and practical features. It’s designed to make your life easier by allowing you to manage multiple social media accounts from one platform, schedule posts in advance, and recycle your top-performing content. This means you can maintain a consistent presence on platforms like Facebook, Twitter, LinkedIn, and Instagram without spending hours daily.
One of the best things about Publer is its straightforward analytics. Our content marketers can easily track the success of your posts and see which content is resonating with your audience. This is particularly useful for advisory businesses, as it helps you tailor your content to better engage your clients and potential clients.
Publer’s post-scheduling feature is a real-time saver. It allows you to plan your content calendar in advance and ensure that your social media feeds are always active. Plus, the ability to add watermarks to your posts helps reinforce your brand identity with every share.
While Publer might have some limitations, like a less comprehensive mobile app and a lack of a social inbox, its ease of use and basic analytics make it a great starting point for advisory businesses looking to dip their toes into social media management. It’s an affordable and effective tool for keeping your social media strategy on track without overwhelming you with complexity.
| Publer’s G2 Score | Publer’s Capterra Score |
|---|---|
| 4.8 | 4.8 |
| Pros | Cons |
|---|---|
| Ease of use and user-friendly interface | Limited integrations with other platforms |
| Great customer support | Basic statistics |
| Excellent for social media scheduling | Lack of some major integrations and platforms |
| Clean UI and easy setup | Current YouTube upload limit of 1 GB |
| Constant improvements and updates | |
| Reduces stress in social media marketing |
Scheduling appointments
07. Calendly
Calendly is an online appointment scheduling software that caters to various industries, including technology, financial services, professional services, and education. It’s beneficial for advisory services such as law firms, accountants, coaches, and mentors, as it helps ensure appointments are kept, which is crucial for their operations.
Calendly’s key features include calendar integration, time zone detection, customizable meeting types, team scheduling, and integration with third-party apps. It’s designed to automate the scheduling process, making it easier for advisory services to manage consultations and client interactions efficiently.
| Calendly’s G2 Score | Calendly’s Capterra Score |
|---|---|
| 4.7 | 4.7 |
| Pros | Cons |
|---|---|
| Beautiful and light design, fast performance. | It can be confusing for new users trying to schedule the meeting. |
| Free Zoom integration for seamless video conferencing. | Occasional app crashes can disrupt the scheduling process. |
| Strong integration with Google Calendar | Could benefit from upgraded features. |
| Quick setup process |
Accounting software
08. Xero
Xero is cloud-based accounting software that’s an excellent choice for small—to medium-sized advisory services, such as law firms, accountants, and consultants. Its user-friendly interface and comprehensive features make it easy to manage finances, freeing up time to focus on client needs and business growth.
Key features like online invoicing, bank reconciliation, and financial reporting ensure you stay on top of your cash flow and make informed decisions. The software’s payroll integration simplifies employee payments and tax calculations, while its multi-currency support is ideal for businesses with international clients. Being cloud-based, Xero offers the flexibility to access your financial data anywhere, anytime.
Moreover, it’s designed to scale with your business so you can add more features and users as your needs evolve. With robust data security measures in place, you can trust that your financial information is safe. In summary, Xero is a valuable tool for advisory services looking to streamline their financial management and focus on providing top-notch services to their clients.
| Xero’s G2 Score | Xero’s Capterra Score |
|---|---|
| 4.3 | 4.4 |
| Pros | Cons |
|---|---|
| Easy setup for sophisticated accounting. | Occasional missing transactions. |
| Excellent bank reconciliation features. | Lack of payment history reporting by vendor. |
| User-friendly app and cloud versions. | No integration with Shopify for invoice/inventory management. |
| Convenient receipt capturing for smoother reconciliations. | Inflexible billing. |
Using the right tools can significantly enhance advisory services’ operations and growth. By streamlining project management, hiring, social media scheduling, and financial management, advisors can focus more on delivering quality services and expanding their client base.
Success in the advisory industry is not about handling every task alone but about efficiently managing resources and maintaining a focus on growth and client satisfaction. Embracing these tools can lead to profitable scaling and growth, allowing advisors to avoid getting bogged down in the details of running a business.
