Now-a-days financial software systems are rapidly being used by many Banking Enterprises and MNCs in India. Adoption of such software systems make the best trade off between schedule, effort, cost and quality in order to reduce the potential risk in financial system. Along with other attributes, Software Quality Assurance (SQA) is extremely important in financial software packages in order to handle the transactions accurately and reliably and also to protect the business privacy while dealing with all kind of exceptions. In India there are numerous financial software companies, who are providing the best possible software system by following the footprints of giant international vendors. Finacle is one of the leading names in the field of financial software package in India. It was developed by INFOSYS long back in 1999. Since then, the package has been very helpful particularly in banking sector. It was developed to address the issues and challenges in core banking, e-banking, treasury, wealth management and CRM requirements of retail, corporate and universal banks. The objective of this paper is to analyze the implementation of various 3rd party financial software packages in India and the scope of future development in this sector. ________________________________________________________________________________________ Keywords: Financial Software, Finacle, Banking, SQA, CRM