50 Open Source Replacements for Popular Financial Software

Whether you just want to balance your checkbook or you need to track the finances of a large global corporation, you can find open source software to do the job. For our list of open source financial tools, we cast a wide net and included applications related to enterprise resource management, point-of-sale and even employee time tracking. Not to mention traditional accounting and financial management tools.

One trend worth noting — a huge number of the open source tools on this list, particularly the business applications, are now available on a software-as-a-service (SaaS) basis. For businesses, this model seems to make sense, as it gives them access to support and reduces the need for in-house staff to deploy and monitor applications. It also enables a more mobile workforce and keeps costs low. And of course, this model is also great for open source vendors as it gives them another way to monetize their open source projects.

Read more at Datamation

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