The advantages and disadvantages of MoneyGuidepro Essay

The advantages and disadvantages of MoneyGuidepro - Essay Example Financial planning computer software such as the MoneyGuidepro have gained widespread popularity in the recent past (Drucker & Bruckenstein, 2003). The program has many benefits for financial planners and their clients. For instance, the software facilitates timely completion of financial planning. In essence, the software aids in saving the time spent on analyzing financial reports from various sources such as the financial statements and cash flow statements, thereby, easing financial planning procedures. In this regard, the financial planner can develop multiple plans simultaneously since the information required is configured in one location. The software has outstanding capability to handle complex financial planning problems faster and easier compared to manual planning. Multi-tasking With financial computer planning software, it is possible to perform many task at the same time. For instance, the MoneyGuidepro software facilitates calculations of various variables on the same page. In essence, the software supports combination of various problems on one platform and solving them simultaneously. In addition planning for activities such as retirement, college studies, asset allocation and estate planning is done more conveniently than using manual methods for financial planning (Updegrave, 2013). In essence, the software provides alternative solutions for the financial planner and the client in the planning process.