open source software for financial services
ERPNext for financial services industry
A unified solution to manage accounting, compliance, client relationships, and financial insights—suitable for banking, broking, insurance and other financial services companies
Why financial Services companies trust ERPNext?
For Many Reasons
ERPNext is popular among banking, broking and insurance
The financial services industry isn’t like any other—it moves at the speed of money, operates under the tightest regulations, and demands absolute trust. From banking and lending to insurance and investment firms, financial institutions need more than just an ERP. They need a system that is agile, secure, compliant, and built for real-time financial operations. ERPNext rises to this challenge. Unlike traditional ERPs that focus on supply chains and inventory, ERPNext is built around the core of financial management, making it an ideal fit for financial services firms looking for transparency, control, and efficiency.100% Open Source
When Zerodha, India’s largest stockbroker started using ERPNext, many financial services companies rethought their IT strategies. Since then, multiple banks, NBFCs, fintech companies, and insurance services have adopted ERPNext. Adopting open source allows freedom, control, innovation, scale, and security, which every financial service company strives for.Scalable
The banking and insurance industry is all about scale. Their ERPs should be able to process thousands and millions of transactions to run the business. This is extremely hard to achieve with legacy and rigid ERPs of the past. ERPNext deployments in some of the leading global banks have scaled to millions of transactions a day. For a very high scale, we recommend you opt for our enterprise support plan to help you with the challenges that come with the scale and complexity of operations.No vendor lock-in
When you’re growing, you don’t need your software costs growing along. That is what happens when you choose other proprietary ERPs. You’re locked in, shoved around, asked to upgrade, and keep coughing up thousands and millions of dollars to maintain the system. With 100% open-source ERPNext, you’re not locked in. Even when you choose to host with Frappe Cloud (our own hosting platform), work with Frappe partners, or not. It is all up to you.Security
Open source means security and control. All our apps and even our hosting platform Frappe Cloud, are open-source which means accountability and better security. Frappe Cloud is powered by enterprise-grade security controls and also offers hybrid and on-prem deployment alternatives. ERPNext can easily fit the bill and enable stringent security compliances that most financial services companies are obligated to comply with.Seamless integrations
Financial services companies have to integrate to myriad of critical and core business applications like loan origination systems, loan management systems, online banking systems, and more. With ERPNext API-first capabilities, this is possible to do with ease.Our comprehensive features leave no room for doubt
Comprehensive financial accounting
ERPNext is an all-in-one comprehensive ERP with everything a financial institution needs, including advanced accounting, asset management, compliance, financial controls, HR and payroll, advanced reconciliations, and more.Compliance and accuracy
Track regulatory requirements, maintain accurate ledgers, and generate timely reports to comply with financial standards, with everything organized and traceable.Real-time financial insights
ERPNext gives you access to dynamic dashboards and detailed reports, helping you track performance, identify trends, and optimize your firm’s strategy for growth.Payrolls, budgets, and expenses
Simplify employee payroll, expense claims, and reimbursements with ERPNext. Automate salary calculations, tax deductions, and approvals, ensuring your workforce is paid accurately and on time. Focus on productivity while ERPNext takes care of the details.Client management
ERPNext is extremely customizable to fit whatever you need to build stronger client relationships. You can track leads in the CRM, client interactions, manage portfolios, and provide timely updates to clients.Features
What Our system has to offer you
Accounting
Manage your financials with precision, from invoicing to reporting and everything in between.
Procurement
Simplify your purchasing process with tools to manage suppliers, orders, and inventory.
Sales
Drive revenue by efficiently managing orders, invoicing, and customer relationships.
CRM
Build stronger customer connections by tracking interactions, leads, and opportunities.
Projects
Stay on track and meet deadlines with tools for planning, collaborating, and managing tasks.
Support
Provide exceptional customer service by managing tickets, resolutions, and communication effortlessly.
We have our own loan management system
With growing interest from financial services companies, Frappe decided to extend our product portfolio and build a 100% loan management system. This happened when one of the leading fintech companies, inspired by the flexibility of the frappe framework, decided to build the full-stack LMS. Check out Frappe lending here.No-code builder
Automate tasks with drag-and-drop simplicity
API-first
Easily integrate with third-party systems
Mobile-friendly
Manage all modules from any device
Customizable
Forms, reports, print formats, and dashboards
Approval workflows
Simplify with custom multi-level workflows
Roles & permissions
Granular access control to safeguard data
Transform your business with ERPNext
The comprehensive, user-friendly and 100% open-source ERP