8 Best CRM for Financial Services in 2024

Small and big companies need good financial management. CRM systems are very important for making work more efficient in financial services. These systems keep client information in one place, help with talking to clients, and make work automatic.

This makes the relationship with clients and work inside the company better. For finance companies, picking the best CRM can make them more productive and make more money.

In 2024, there are many different CRMs for financial services. These CRMs are good at different things like talking to clients, keeping track of money, and understanding data.

Companies can choose a CRM that fits how big they are and how complicated their work is. They offer simple uses and advanced options.

The best CRM for financial services should be safe, follow the rules, and be easy to use. It also needs to keep up with new rules and technology. This review talks about eight great CRMs that do well with the special problems of managing money in business today.

1. DejaOffice CRM

DejaOffice CRM is for small to medium businesses. It helps with planning schedules, keeping track of tasks, and writing notes down.

It works well with Microsoft Outlook and Act! This makes it easy to move data. Users can also use it on their mobile phones, which is very convenient. Here are the good and bad points:

Pros:

It has a simple interface for new users.
Works offline so you can be productive without the internet.

Cons:

It might not have a lot of customization.
It does not have many advanced analytics like big CRM systems.

The DejaOffice is best for small businesses that want an easy and dependable way to manage customers. It is good for companies that want a simple CRM that is not expensive.

2. Salesforce

Salesforce Financial Services Cloud is made for financial businesses. It gives tools needed for banking, insurance, and managing wealth. It lets users know their clients well, manage their wealth and understand risks.

Pros:

It combines very well with financial tools and other apps.
It gives a full view of how you interact with customers, which helps with making decisions and making customer experiences personal.

Cons:

It can be too complex for small firms without IT support.
It is expensive, which can be hard for those with small budgets.

The tool is good for big companies that need a full CRM system. It allows a lot of custom work, combines well with other systems, and has good analytics.

It helps businesses make their sales better and manage customers well to grow and become more efficient.

3. Dynamics 365 for Finance

Microsoft Dynamics 365 for Finance is known for being a full set of financial management tools. It works well with other Microsoft applications to provide a single place for finance work.

The smart and advanced system has many advanced features. These features include predictive analytics and real-time reports. It also has automated workflows. This uses AI and machine learning for helpful insights. The platform can grow and change for small and big businesses.

Pros:

It works well with Microsoft products like Excel and Teams.
It has an easy interface for users to learn.

Cons:

It costs more than some CRM systems.
It can take a lot of time to set up.

Big companies with complex finances will like Dynamics 365. It is good for firms that want to plan finances with advanced analytics.

4. Zoho CRM Plus

Zoho CRM Plus lets you manage customer relationships well. It makes sales, marketing, and support work together. Zoho CRM Plus has many good features. These features include communication tools and strong analytics.

It uses AI to give insights. Automation saves time for different departments. You can make the reports look how you want.

Pros:

It is easy for people to learn how to use it.
It costs less than other CRM tools.

Cons:

Sometimes, the system might not work well.
The help from customer services could be better.

The CRM is good for medium and small businesses. It saves money and is flexible. It is easy to add other apps to it. The interface is simple to use. This makes Zoho CRM great for improving sales and managing customers.

5. HubSpot CRM

HubSpot CRM has many important features that can help improve your business. It gives you live analytics, dashboards you can change, email tracking and other tools for your business. It can work with other tools and platforms for easy data handling across different places.

Pros:

Easy to use
Big free plan with important features
Can grow with your business

Cons:

The better features cost a lot of money
Not many options to change things
Needs updates often. This can interrupt work but also make things better

Small and medium companies get a lot of good from HubSpot CRM. If you want to put together marketing, sales, and customer service easily, it is very good. It works well for teams that want to start fast and have many ready-made tools.

6. Pipedrive

Pipedrive gives you focused features to make your sales better. It has a simple drag-and-drop function, and you can change the sales pipelines. It also has good reporting tools, and email works with it, helping teams see how they do. You can see sales steps easily and know what deals are most important.

Pros:

Easy and nice interface helps with sales
Good mobile app for doing things away from the office
Many ways to change things how you like

Cons:

Some marketing tools you find in other CRMs are not there
The ways to change things may not be enough for very complex businesses
Support for customers is not as good as very expensive CRMs

The tool is very useful for teams that focus on sales and small-to-medium businesses. It is good for companies that want a simple but strong tool to look after and better their pipeline. This is best for teams that like a good user experience and use their mobiles a lot, more than lots of marketing tools.

7. Wealtbox CRM

Wealtbox CRM has a simple interface for financial advisors. It is easy to use for navigation and tasks.

The system is full of features like tasks, clients and tracking activities. The platform lets users work with their teams and social networks. A calendar makes it easy to remember dates and meetings. Emails work well, so all messages to clients are organized.

Pros:

It is simple and saves time on training
The look is modern and makes a better experience for users

Cons:

It does not have many options to change things for big companies
It might not have strong enough analytics for detailed data study

It is good for small to medium firms that need a simple CRM. If you want simple over complex, Wealtbox CRM could be perfect.

8. Redtail CRM

Redtail CRM has a good reputation in money services for its powerful platform. It has many special tools and connections.

The CRM has things like managing contacts, automatic marketing and workflows, and storing documents. A big thing it can do is make workflows that really fit your business. The platform connects with lots of other tools and services for the money industry.

Pros:

Many options to customize and integrate
Good for changing to meet specific things

Cons:

Hard to learn because of many customized options
Start and teaching time can take a long and be hard
The look of the interface might be less nice or new than others

This CRM system is good for financial advisors and small or medium-sized financial service companies. It has special things like looking after clients, watching compliance, and making workflows automatic. The tool is easy to use and works with tools just for the industry. This is good for making client bonds better and for making financial work go smoothly.

Conclusion

In 2024, it is necessary to use CRM in financial services for good client handling and making work better all over. A strong CRM helps financial advisors, and companies keep client info, watch talks, and do regular work according to the rules.

This saves time and makes fewer mistakes, making sure the service is very good. Because the rules in finance are hard and you must keep records well, a good CRM is very useful for staying by the rules and being tidy. Click here to learn about the top 5 best CRMs for consultants in 2024.

Also, a CRM makes dealing with clients better by having one place to manage talks and watch what clients want and like. This lets people in finance give services that are just for the person and make bonds with clients that are strong and more trusting.

When you are fighting others in the market, the way you can make services just for one client can really help to keep clients happy and with you for longer. CRMs provide good ways to see how clients behave and how the business is doing, which helps in making big choices.